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10.21.2021 11 new Morning Note posts under Morning Note (10) and CAPIS Insights (1)

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"CAPIS Morning Note -9/28/21: Stocks Especially Tech Stocks Lower As Crude Oil and 10 Year Yields Rise"

posted by CAPIS on 09/28/2021 at 9:08 am

by CAPIS

09/28/2021 at 9:08 am

Overnight Summary-  Markets are struggling with China higher and Japan lower while Europe weak as Chinese Industrial Profits slowing hits Europe. 

Breaking News – China asking State Run Organization to buy assets of Evergrande (Reuters). Crude Oil hits above $80. Treasury 10 Year Yields climb to 1.544% this morning.

Earnings Out After The Close

Beats: None

Flat: None

Misses: None

Capital Raises: 

IPOs Priced or News: 

New SPACs launched: 

Secondaries Priced: None of note.

Notes Priced of note:  None of note.

Common Stock filings: MEG of note.

Selling Shareholders of note: None of note.

Private Placement of Public Entity (PIPE): MARK of note.

Mixed Shelf Offerings:  CVE MANU of note.

Convertible Offering & Notes Filed: BKD NOTV of note.

Note Offerings Filed: AFIN GPS of note.

Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other sources.

News After The Close:

Federal Reserve Dallas President Robert Kaplan to retire. (CNBC)

LinkedIn a unit of Microsoft (MSFT) may consider paid events on the future. (TechCrunch)

Scientific Games (SGMS) to sell OpenBet to Endeavor Group (EDR) for $1.2 billion in cash and stock.

Pfizer (PFE) begins a mRNA based flu vaccine in a Phase I trial.

Boeing (BA) wins $3.5 billion Air Force contract. Also, wins a $760 Navy contract.

21 State Attorney Generals push for stricter vehicle emissions rules than proposed.

After Hours- Higher: FEIM +24% EDR +15% CNXC +5% GFF +6% NNX +5% SGMS +4%  Lower: ZIOP -13% BKD -7%

Dividend Increases: 

Stock Split: 

Buyback Announcements: EM 

Higher Guidance:  (After the Close)  of note (This Morning)  of note

Mixed Guidance:(After The Close)  of note  (This Morning)  of note

Lower Guidance:(After The Close) of note (This Morning)  of note

What’s Happening This Morning: Futures value reflects the change with fair value.

S&P 500 -15 Dow Jones Industrial Average – NASDAQ -135  Russell 2000 -. Fair values are mixed. Asia mixed and Europe lower. VIX is at 21.42 from 20.06  in futures from yesterday. Gold, silver and  copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.45 from $131.80 with yields at 1.544% from 1.487% yesterday morning. Bitcoin at $41,987 from $43,645  yesterday morning, trading at $-1,120 or -2.60%.

Monday’s Action – 9/27 Close.  

Positive Sectors Monday: Energy, Financials and Materials of note.

Negative Sectors Monday: Real Estate, Healthcare and Utilities of note.

One Month Winners: Technology, Communication Services, Real Estate and Energy of note.

Three Month Winners: Technology, Communication Services and Healthcare of note.

Six Month Winners: Technology, Communication Services and Real Estate of note.

Twelve Month Winners: Communication Services, Energy, Technology, Financials and Industrials of note.

Year to Date: Energy, Communication Services, Energy, Financials, Real Estate and Technology of note.

Stocks were mixed, Bonds were lower, U.S. Dollar higher and Commodities higher. Updated 9/27 Close.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

Today After the Close: MU, CALM, CMTL of note.

Wednesday Before the Open: CTAS, JBL, WOR, EPAC of note.

Earnings of Note This Morning:

Beats: THO +1.24, UNFI +0.38, FDS +0.15, DAVA +0.06, INFO +0.02

Flat: none

Misses: none

Still to Report: SNX

Erlanger Research Advance/Decline Chart –Updated through 9/27 close.  A bounce off the August lows.

Gap Ups & Down In Early Pre-Market:

Gap up: FEIM +19%, NTUS +6%, EDR +6%, CNXC +5%, PING +3%, SGMS +3%

Gap down: ZIOP -11%, BKD -8%, ALT -4%, MEG -4%, MANU -3%

Insider Action: Of note, OLLI CODI SAFE AXDX see Insider buying with dumb short selling and smart short sellers in SXT. 9/28/21

Rags & Mags: Highlighted Stories may be clicked through to the original story.  Repeated stories from prior days never listed, i.e. “rehashed news”.

Stocks making the biggest moves F THOR AMAT    (CNBC)

5 Things to Know About Today’s Open. (CNBC)

Overnight Repo comes in at $1.297 trillion in Monday’s late afternoon report.

Covid Stats: Cases 130,638 from 154,513 a week ago. Deaths 2,177 from 2,087 a week ago. Hospitalizations 77,252 from 83,829. NO UPDATE ON TUESDAYS AS DATA INCOMPLETE.

House to vote on $1 Trillion Bipartisan Infrastructure Bill that passed Senate but 50 Progressive Democrats say they will vote against unless $3.5 Trillion Budget Reconciliation Bill is passed first. (Politico)

Senate Republicans vote to block Continuing Resolution to fund the government and suspend debt ceiling. (The Hill)

PBOC tries to keep property markets “healthy” with Evergrande debt crisis. (Bloomberg)

Federal Reserve Officials warn of serious consequences if debt ceiling is not raised. (FT)

Ford (F) to build $11.4 billion Electric Vehicle Campuses and create 11,000 jobs.

Robinhood Snaps looks at Tesla (TSLA) and full self driving. TikTok’s rising influence.

Moving Average Update

Score at 70% from 77% unchanged. Updated 9/27 Close.

Geopolitical:

Federal Reserve Chairman Powell and Treasury Secretary Yellen are testifying before the Senate today at 10:00 a.m. EDT. Text was released yesterday.

The President receives the President’s Daily Brief, 10:30 a.m. EST

Press Briefing by White House COVID-19 Response Team and public health officials, 12:30 p.m. EST

Press Briefing by Press Secretary Jen Psaki, 1:30 p.m. EST 

Fed Speakers:

Federal Reserve Chicago President Charles Evans speaks at 9:00 a.m. EDT.

Federal Reserve St. Louis President James Bullard speaks at 1:00 p.m. EDT and 7:00 p.m. EDT.

Federal Reserve Governor Michelle Bowman speaks at 1:30 p.m. EDT.

Federal Reserve  Atlanta President Raphael Bostic speaks at 3:00 p.m. EDT.

Economic:

July S&P Case Shiller Home Price Index are due out at 9:00 a.m. EDT and is expected to rise to 19.9% from 19.1% in June.

September Consumer Confidence is due out at 10:00 a.m. EDT and is expected to 114.4 from 113.80.

Treasury Secretary Janet Yellen delivers the keynote address at the 63rd Annual National Association for Business Economics annual meeting.

7 Year Treasury Auctions today at 1:00 p.m. EDT.

M&A Activity:

Meeting & Conferences of Note:

Sellside Conferences: Cantor Fitzgerald Global Healthcare Conference (9/27-30) Citi Industrial Day (9/27) Oppenheimer ESG Summit (9/28) RBC Global Tower And Wireless Infrastructure Summit (9/28) Morgan Stanley Global Sporting Goods Day (9/28) Wolfe Research Utilities, Midstream & Clean Energy Conference (9/28-30).

Company Meetings: AFRM PSTG TBLA DAN HAIN WVE TAC VITL ASIX OI ASMIY   (Investor/Analyst Day)  (R&D Day)  (Corporate Event) RADI HPE (Fireside Chat) AMZN (Corporate Event)

Conferences of Note:

Upgrades & Downgrades: Today recs see 8 notable upgrades and 6 downgrades. 

Monday Recommendations of Note:

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