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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 – 10/7/21: Deja Vous? Not Really As S&P 500 Up +39 After Being Down -42 Yesterday"

posted by CAPIS on 10/07/2021 at 8:41 am

by CAPIS

10/07/2021 at 8:41 am

Morning Outlook- The rally that started in the afternoon yesterday continued in Asia and then Europe and U.S. Futures are higher as well.

Breaking News – Pfizer (PFE) asks for EUA  for children 5-11. (NY Times)

Earnings Out After The Close

Beats: RGP +0.16, LEVI +0.11

Flat: None

Misses: None

Capital Raises: 

IPOs Priced or News: Theseus Pharmaceuticals (THRX) priced at $16 at high end of range of $14 to $16. Life Time (LTH) prices IPO at $18 a share at low end of range of $18 to $21.

New SPACs launched: Industrial Tech Acquisitions (ITAC) completes merger with Arbe Robotics and will trade under ARBE on Friday.

Secondaries Priced:  None of note.

Notes Priced of note:  PFLT of note.

Common Stock filings:  OSMT PROG of note.

Pricing of Over-Allotment: 

Direct Offering: 

Selling Shareholders of note:  DCTH of note.

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

Mixed Shelf Offerings:  CB 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:

Twitter (TWTR) will sell MoPub to AppLovin  (APP) for $1.05 billion in cash.

Costco (COST) saw September sales rise +9.4% from +9.1%.

General Motors (GM) plans to double revenues by 2030.

After Hours + RKLB +11% LIQT +10% APP +9% MDP +7% SLCA +6% KULR +4%  and – OSMT -23%  

Dividend Announcements: Increases:

Stock Split: 

Buyback Announcements: LEVI

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

S&P 500 +39  Dow Jones Industrial Average +295   NASDAQ +165   Russell 2000 +19. Fair values are mixed. Asia and Europe higher. VIX is at 20.72 from 22.55 in futures from yesterday. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $131.73 from $131.59 yesterday with yields at 1.54% from 1.535% yesterday morning. Bitcoin at $53973 from $52,383 down $967 or -1.74% in morning trading.

Wednesday’s Action – 10/6 Close.  

Positive Sectors Wednesday: Utilities, Real Estate and Technology of note.

Negative Sectors Wednesday: Energy, Healthcare and Materials 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 ex the Russell 2000, Bonds were higher, U.S. Dollar higher and Commodities mixed. Updated 10/06 Close.

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

Today After the Close: ACCD of note.

Friday Before the Open: none of note.

Earnings of Note This Morning:

Beats: HELE +0.41, CAG +0.01

Flat: None

Misses: TLRY (0.01)

Still to Report: LW

Erlanger Research Advance/Decline Chart –Updated through 10/6 close.  

Gap Ups & Down In Early Pre-Market:

Gap up: NURO +17%, LIQT +12%, APP +9%, RKLB +9%, MDP +6%, SLCA +5%, IAC +4%, MGI +4%, LEVI +4%, RGP +4%

Gap Down: OSMT -32%, AVT -3%

Insider Action: Of note,  SAFE sees Insider buying with dumb short selling and smart short sellers in BCOV. 10/7

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 CAG TLRY LEVI TWTR

Covid Stats: Cases 100,230 from 106,794 a week ago. Deaths at 1,949 from 1,850. Hospitalizations 65,162 from 74,923.

ECB last meeting notes out. 

Democrats will accept a short term deal with Senate Minority Leader McConnell but not use budget reconciliation in December putting the U.S. back in the same position. (Politico)

ARK Investment Management (ARKK) will move from New York City to Florida. (WSJ)

Facebook (FB) to delay new products to address recently raised issues. (WSJ)

Robinhood looks at General Motors (GM) and their goal of doubling revenues. 

Moving Average Update

Score at 40% from 17% unchanged. Updated 10/6 Close.

Geopolitical: 

The President receives the President’s Daily Brief, 9:30 a.m. EST

The President departs the White House en route Joint Base Andrews, 12:00 p.m. EST

The President arrives in Chicago, Illinois, 2:00 p.m. EST

The President visits a Clayco construction site, 3:10 p.m. EST

The President delivers remarks on the importance of COVID-19 vaccine requirements, 3:45 p.m. EST

The President departs Chicago, Illinois en route Joint Base Andrews, 5:15 p.m. EST

The President arrives at Joint Base Andrews, 7:00 p.m. EST

The President arrives at the White House, 7:20 p.m. EST

Fed Speakers:

Federal Reserve Cleveland President Loretta Mester speaks at 11:45 am. EDT.

Economic:

Weekly API Petroleum Data was out at 4:30 p.m. EDT Tuesday and

Weekly MBA Mortgage Applications were out at 7:00 a.m. EDT yesterday and fell -6.9%.

Weekly Jobless Claims are due out at 8:30 a.m. EDT.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

M&A Activity:

Meredith Corp (MDP) to sell to Dotdash the digital unit of Interactive Corp (IAC) for $42.18 a share.

Meeting & Conferences of Note:

Sellside Conferences: BTIG Latin America CEO Conference (10/5-7)  Guggenheim Vaccine & Infectious Disease Day (10/5-7) Goldman Sachs SMID Healthcare Day (10/6-7) Piper Sandler Global Chemicals M&A Conference (10/7) UBS SA Financials Conference (10/7) Guggenheim Cardiovascular & Metabolic Disease Conference 2021 (10/7)

Company Meetings:   VMW ADSK CX LDOS CYTK  (Investor/Analyst Day) TPTX (Conference Call) VERB (Corporate Event) (Update) CERE (R&D Day)

Conferences of Note: VMW World (10/5-7)

Upgrades & Downgrades: 

Wednesday Recommendations of Note:

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