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

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Morning Note

"CAPIS Morning Note – 10/4/21: Stocks Lower, Jobs Friday For September"

posted by CAPIS on 10/04/2021 at 8:43 am

by CAPIS

10/04/2021 at 8:43 am

Earnings Out After The Close

Beats: None of note.

Flat: None of note.

Misses: None of note.

Capital Raises: 

IPOs Priced or News: None of note.

New SPACs launched: Kensington Capital Acquisition Corp (KCAC) merges with Wall Box Chargers  and will trade today at WBX. Frank’s International  (FI) and Expro complete merger and will trade as XPRO today.

Secondaries Priced: None of note.

Notes Priced of note:  FDUS of note.

Common Stock filings: CYRN of note.

Pricing of Over-Allotment: 

Direct Offering: 

Selling Shareholders of note:  XM BSY ARQQ of note.

Private Placement of Public Entity (PIPE): None of note.

Mixed Shelf Offerings:  BGSF IMNM KYMR PLTR SM VNT ZYME of note.

Convertible Offering & Notes Filed: None of note.

Note Offerings Filed:  None 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:

Barron’s + on MTOR X, CLF, NUE, STLD, FB , AAL, UAL, DAL, JBLU, SAVE, HA, LUV  and +/- on LMT, BAH, UNH, HUM.

Dividend Announcements: Increases: OZK 

Stock Split: 

Buyback Announcements: CACC

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

S&P 500 -23 Dow Jones Industrial Average -152  NASDAQ -100  Russell 2000 -10.13 . Fair values are mixed. Asia mixed and Europe lower. VIX is at 22.22 from 22.45  in futures from Friday. Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $131.97  unchanged with yields at 1.488% from 1.493% from Friday morning. Bitcoin at $47532 from $47646 Friday morning, trading at $-1367 or -2.80%.

Friday’s Action – 10/1 Close.  

Positive Sectors Friday: Energy, Communication Services and Financials of note.

Negative Sectors Friday: Healthcare 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 higher, Bonds were lower, U.S. Dollar lower and Commodities higher ex Natural Gas. Updated 10/01 Close.

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

 Today After the Close: PEP, CMLT of note.

Tuesday Before the Open: none of note.

Earnings of Note This Morning:

Beats: None of note.

Flat: None of note.

Misses: None of note.

Still to Report: None of note.

Erlanger Research Advance/Decline Chart –Updated through 10/1 close.  

Gap Ups & Down In Early Pre-Market:

Gap up: ARQQ +9%, ADVM +8%, KCAC +7%, PERI +6%, TSLA +3%

Gap down: AMPY -34%, IMNM -5%, PRTA -4%

Insider Action: Of note, CODI, NHI, KOD and SAFE see Insider buying with dumb short selling and smart short sellers in AVGO and SXT. 10/1

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 TSLA MRNA NOVX GM 

Covid Stats: Cases 118,845 from 130,638 a week ago. Deaths 2,027 from 2,177 a week ago. Hospitalizations67,469 from 77,252.

President Biden sides with Progressive Democrats – no vote on Infrastructure Bill without a Budget Reconciliation Bill. Moderate Democrats are not happy to say the least. (Politico)

House Speaker Pelosi wants Infrastructure Bill set by 10/31.

Federal Reserve Vice Chairman Richard Clarida made stock trades ahead of Federal Reserve actions. (Bloomberg)

U.S. Trade Representative Katherine Tai to speak about China today. (WSJ)

Evergrande might get out of trouble with M&A deal. (WSJ)

Facebook (FB) Whistleblower spoke on 60 Minutes last night and this week will be on The Hill speaking. (CBS)

House delays $1 trillion Infrastructure Bill to possibly today but deal is still “far off”. (NY Times)

Moving Average Update

Score at 40% from 20% unchanged. Updated 10/1 Close.

Geopolitical:

The President and The First Lady depart Wilmington, Delaware en route Joint Base Andrews, 9:35 a.m. EST

The President and The First Lady arrive at the White House, 10:30 a.m. EST

The President delivers remarks on the need to raise the debt ceiling, after Senate Republicans voted twice last week to default, State Dining Room, 11:15 a.m. EST

Press Briefing by Press Secretary Jen Psaki, 1:00 p.m. EST

Fed Speakers:

Federal Reserve Boston President Eric Rosengren and St. Louis President James Bullard speak at 10:00 a.m. EDT.

Economic:

August Factory Orders are due out at 10:00 a.m. EDT and expected to come in at 1.00% against 0.4%.

M&A Activity:

Meeting & Conferences of Note:

Sellside Conferences: Deutsche Bank dbAccess Annual Leveraged Finance Conference (10/4-6) Chardan Annual Genetic Medicines Conference (10/4-5)

Company Meetings:   APPN IBM (Investor/Analyst Day)  RNGR AMGN (Conference Call) 

Conferences of Note: American Society For Bone & Mineral Research (10/1-4)

Upgrades & Downgrades: Today recs see 3 notable upgrades and 4 downgrades. 

Friday Recommendations of Note:

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