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"CAPIS Morning Note – 10/15/21: Stocks Higher, Retail Sales Come In At 0.7% vs Estimates of -0.3%"

posted by CAPIS on 10/15/2021 at 8:43 am

by CAPIS

10/15/2021 at 8:43 am

Breaking News – Retails Sales came in at 0.7% versus -0.3% estimate. Empire State Manufacturing came in at 19.8% 25%. Federal Reserve Richmond President Thomas Barkin was interviewed on CNBC. Nothing earth shattering of note.

Earnings Out After The Close

Beats: AA +0.25, WAFD +0.09

Flat: DCT

Misses: None

Capital Raises: 

IPOs Priced or News:

New SPACs launched: 

Secondaries Priced: KOS NAPA PALTSDPI SNCY WTI of note.

Notes Priced of note: GLT VRT of note.

Common Stock filings: VINC of note.

Pricing of Over-Allotment: 

Direct Offering: 

Selling Shareholders of note: ML of note.

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

Mixed Shelf Offerings:  WTI 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:

Hologix (HOLX) to buy Bolder Surgical for $160 mllion.

Great Lakes Dredge & Dock (GLDD) continues to pick up contracts.

fuboTV (FUBO) announces partnership with  NASCAR.

Johnson & Johnson (JNJ) creates $2 billion trust to pay for talc claims.

Former Boeing (BA) 737 Max Chief Technical Pilot indicted for fraud.

Dividend Announcements: Increases: ADC AA AVNT NWN

Stock Split: 

Buyback Announcements:

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

S&P 500 +15  Dow Jones Industrial Average +170   NASDAQ +50  Russell 2000 +10. Fair values are mixed. Asia and Europe higher. VIX is at 19.92 from 20.56 in futures from yesterday. Gold and silver  lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $131.36 from $131.45  yesterday with yields at 1.544% from 1.528%yesterday morning. Bitcoin at $59,385 from $57,895 up $1783 or +3.09% in morning trading.

Thursday’s Action – 10/14 Close.  

Positive Sectors Thursday:  Materials, Technology and Industrials of note.

Negative Sectors Thursday: None 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 higher, U.S. Dollar flat and Commodities higher. Updated 10/14 Close.

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

Today After the Close: none of note.

Monday Before the Open: PHG, STT, ACI of note.

Earnings of Note This Morning:

Beats: TFC +0.22, PNC +0.11, JBHT +0.10, SXT +0.04

Flat: none

Misses: none

Still to Report: BMI, SCHW, GS, PLD

Erlanger Research Advance/Decline Chart –Updated through 10/14 close.

Gap Ups & Down In Early Pre-Market:

Gap up: ME +11%, AA +6%, BTCM +4%, WAFD +4%, MRNA +3%, KOS +3%, FUBO +3%

Gap Down: SPCE -20%, DCT -15%, CRSR -7%, TRQ -6%

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. 10/15

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 MRNA JNJ SPCE . 

Five Things To Know For Trading (CNBC)

Peoples Bank of China (PBOC) say not all real estate developers in China like Evergrande. (CNBC)

Senator Elizabeth Warren (D -MA) wants to break up Amazon (AMZN). (Reuters)

mRNAtechnology has many uses beyond Covid-19. (CNBC)

Toyota (TM) to lower production by 15% in November. (Reuters)

Robinhood looks at Deere & Co (DE) and its strike, workers want better pay. GitLab (GTLB) goes public at $11 billion valuation. 

Moving Average Update

Score at 96% from 60% unchanged. Updated 10/14 Close.

Geopolitical: 

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

The President departs the White House en route Joint Base Andrews, 11:00 a.m. EDT

The President arrives in Hartford, Connecticut, 12:40 p.m. EDT

The President delivers remarks promoting his Build Back Better Agenda and highlighting the importance of investing in child care to keep costs down for working families, 1:45 p.m. EDT

The President departs Hartford, Connecticut en route Storrs, Connecticut, 2:35 p.m. EDT

The President arrives in Storrs, Connecticut, University of Connecticut, Storrs, 2:50 p.m. EDT

The President delivers remarks at the dedication of the Dodd Center for Human Rights at the University of Connecticut, 4:00 p.m. EDT

The President departs Storrs, Connecticut en route Bradley International Airport, 5:00 p.m. EDT

The President arrives at the White House, 7:00 p.m. EDT 

Fed Speakers:

Federal Reserve New York President John Williams speaks at 12:20 p.m. EDT.

Economic:

September Retail Sales are due out at 8:30 a.m. EDT and expected to fall to -0.30% from 0.70%.

October Empire State Manufacturing is also due out at 8:30 a.m. EDT and is expected to fall to 25 from 34.3.

October University of Michigan Consumer Sentiment (preliminary) is due out at 10:00 a.m. EDT and expected to rise to 73.5 from 72.8.

M&A Activity:

Meeting & Conferences of Note:

Sellside Conferences: Piper Sandler Lung Day (10/15)

Company Meetings:   GAN ADTN PCRX SAFM (Investor/Analyst Day) AMTI (R&D Day)

Conferences of Note: Benzinga Cannabis Capital Conference (10/14-15) Day Two of FDA Meeting With MRNA and JNJ with focus today on JNJ.

Upgrades & Downgrades: 

Thursday Recommendations of Note:

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