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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 – 10/14/21: Futures On Fire, Very Strong Gap Up"

posted by CAPIS on 10/14/2021 at 9:11 am

by CAPIS

10/14/2021 at 9:11 am

Breaking News – PPI comes in lower than expected at +0.2%. Jobless Claims fell under 300,000 for the first time since the pandemic began.

Earnings Out After The Close

Beats: none

Flat: none

Misses: none

Capital Raises: 

IPOs Priced or News:

New SPACs launched: 

Secondaries Priced: SRPT  of note.

Notes Priced of note: FYBR of note.

Common Stock filings: DARE IPA KOS OSMT XM of note.

Pricing of Over-Allotment: 

Direct Offering: 

Selling Shareholders of note: TRNS of note.

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

Mixed Shelf Offerings:  None  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:

Occidental (OXY) sells assets in Ghana offshore fields.

Lululemon Athletica (LULU) enters into footwear business.

Groupon (GRPN) CFO resigns.

CNH Industrial (CNHI) shuts several plants due to supply constraints.

Dividend Announcements: Increases: 

Stock Split: 

Buyback Announcements: WDFC WGO

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

S&P 500 +40  Dow Jones Industrial Average +281   NASDAQ +161  Russell 2000 +25.33. Fair values are mixed. Asia mixed and Europe higher. VIX is at 20.56 from 21.45 in futures from yesterday. Gold, silver  and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $131.45 from $131.17  yesterday with yields at 1.528% from 1.594% yesterday morning. Bitcoin at $57,895 from $55,024 up $814 or +1.42% in morning trading.

Wednesday’s Action – 10/13 Close.  

Positive Sectors Wednesday:  Utilities, Technology and Communication Services of note.

Negative Sectors Wednesday: Financials 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 Dow, Bonds were higher, U.S. Dollar lower and Commodities higher. Updated 10/13 Close.

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

Today After the Close: AA, WAFD of note.

Friday Before the Open: SCHW, GS, PLD, PNC, JBHT, SXT, BMI of note.

Earnings of Note This Morning:

Beats: MS +0.30, TSM +0.25, WFC +0.23, BAC +0.15, WBA +0.15, USB +0.14, DPZ +0.14, UNH +0.10

Flat: none

Misses: CMC (0.07)

Still to Report: C, PGR

Erlanger Research Advance/Decline Chart –Updated through 10/13 close.

Gap Ups & Down In Early Pre-Market:

Gap up: GMED +8.7%, STRL +6.8%, FBIO +4.8%, TSM +3.3%, WDFC +2.8%, VET +2.7%

Gap Down: KOS -4%, ETWO -4%

Insider Action: None of note today. No stocks sees Insider buying with dumb short selling and no smart short sellers with insider buys this morning. 10/14

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 . 

Five Things To Know For Trading (CNBC)

Power plants switching to oil due to rising costs for coal and natural gas. (WSJ)

Biden Administration looks to built Wind Farms up and down the entire East Coast (WSJ).

Retailers might have supply and labor issues this holiday. Really… this might be one of the most obvious stories. (Bloomberg)

G7 looks to endorse Central Bank based digital currencies. (Reuters)

U.S. and EU could resolve metal tariff issues by month end. (Reuters)

Johnson & Johnson (JNJ) booster shot increases immunity significantly. (WSJ)

Robinhood looks at Vuse Solo first e-cig to be authorized by FDA. Looks at supply chain, chip shortage and cyberattacks.

Moving Average Update

Score at 60% from 50% unchanged. Updated 10/13 Close.

Geopolitical: 

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

The President and The Vice President receive a briefing from members of the White House COVID-19 Response Team on the COVID-19 pandemic and the vaccination program, 10:30 a.m. EDT

The President provides an update on the COVID-19 response and the vaccination program, 11:30 a.m. EDT

The President has lunch with The Vice President, 12:15 p.m. EDT

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

The President participates in a bilateral meeting with His Excellency Uhuru Kenyatta, President of the Republic of Kenya, Oval Office, 2:15 p.m. EDT

Fed Speakers:

Federal Reserve Atlanta President Raphael Bostic speaks at 10:00 p.m. EDT.

Federal Reserve New York President John Williams speaks at 1:00 p.m. EDT.

Federal Reserve Richmond President Tom Barkin speaks at 1:00 p.m. EDT.

Federal Reserve San Francisco President Mark Daly speaks at 1:00 p.m. EDT.

Federal Reserve Philadelphia President Patrick Harker speaks at 6:00 p.m. EDT.

Economic:

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

September PPI is due out at 8:30 a.m. EDT and is expected to drop to 0.6% from 0.7%.

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

M&A Activity:

Meeting & Conferences of Note:

Sellside Conferences: Citi Global Resources Conference (10/12-13) J.P. Morgan Global Healthcare Conference (10/12-13) RBC Capital Markets Canadian Private Technology Conference (10/14)

Company Meetings:  SAFM TGTX BDSI HRL WBA (Investor/Analyst Day)  WWR KOS (Conference Call) JNJ MRNA (FDA Meeting) LOW (Fireside Chat)

Conferences of Note: LD Micro Annual Main Event Conference (10/12-14) Capital Link New York Maritime Forum (10/12-14) Benzinga Cannabis Capital Conference (10/14-15) World Sight Day (10/14)

Upgrades & Downgrades: 

Wednesday Recommendations of Note:

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