CAPIS Morning Note – 4/16/21: April Options Expiration, Stocks Modestly Higher
Breaking News: Johnson & Johnson (JNJ) asked Pfizer (PFE) and Moderna (MRNA) to investigate blood clotting and they declined (WSJ). Earnings Out After The Close Of Note: Beats: WAL +0.43, PPG +0.33, AA +0.32, JBHT +0.14, MRTN +0.01 Flat: None Misses: None Capital Raises: IPOs Priced or News: Akoya Biosciences (AKYA) priced at $20 a share which…
Breaking News: Johnson & Johnson (JNJ) asked Pfizer (PFE) and Moderna (MRNA) to investigate blood clotting and they declined (WSJ).
Earnings Out After The Close Of Note:
Beats: WAL +0.43, PPG +0.33, AA +0.32, JBHT +0.14, MRTN +0.01
Flat: None
Misses: None
Capital Raises:
IPOs Priced or News: Akoya Biosciences (AKYA) priced at $20 a share which is high end of range. Recursion Pharmaceuticals (RXRX) priced at $18 a share which is also at the high end of the range.
New SPACs launched:
Secondaries Priced: BALY MAXN SPNE SYBX of note.
Notes Priced of note: None of note.
Common Stock filings: SPNE SYBX 0f note.
Selling Shareholders of note: None of note.
Private Placement of Public Entity (PIPE):
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:
Qorvo (QRVO) gets EUA from FDA for its antigen test. NIH gives them a $24.4 million contract on this announcement.
TG Therapeutics (TGTX) holds investor event Saturday on preview of results from Phase I & III Trials of ULTIMATE.
Draft Kings (DKNG) to become Official betting Partner of NFL as does Caesars Entertainment (CZR).
Splunk (SPLK) CTO Tim Tully resigns as of 5/4.
Hedge Fund Investor David Einhorn says that Elon Musk and Chamath Palihapitiya threw jet fuel on Gamestop (GME).
Index Changes:
Dividend Raises: ADC AON ATR
Split Announcement:
Raises Guidance: VCYT MATX
Lowers Guidance:
Buyback Announcements:
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. At highs of the morning.
S&P 500 +8 Dow Jones Industrial Average +71 NASDAQ +32 Russell 2000 +11.63 Fair values are mixed. Asia and Europe higher. VIX is at 20.03 from 20.45 this morning in futures. VIX closed at $16.57 from $16.99 and the three month futures at 20.76 from 20.82.
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 $132.53 from $132.08 with the yield at 1.604%. Bitcoin $62,678 from yesterday’s $ 64209.50 but this morning up $843 and +1.36%.
Thursday’s Action – 4/15. All asset classes were higher ex the Euro.
Positive Sectors On Thursday: Real Estate, Technology and Materials.
Negative Sectors On Thursday: Energy.
One Month Winners: Energy, Financials and Communication Services of note.
Three Month Winners: Materials, Industrials and Financials of note.
Six Month Winners: Energy, Financials and Materials of note.
Twelve Month Winners: Consumer Cyclical, Technology and Materials of note.
Year to Date: Energy, Communication Services, Financials and Materials of note.
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: KO, PLD, MTB, LII, ONB of note.
Earnings This Morning Of Note:
Flat: none
Misses: none
Still to Report: KSU
Insider Purchases: Below is the list of insider buys from yesterday and this morning. STON had an insider but shorts are getting it right now and in the past. We would not play this a new buy based on insider buying. Insider Action From The TradeXchange and Short Data From Erlanger Research. Update 4/16.
Erlanger Research Advance/Decline Chart/Table –Updated through 4/15.
Gap Ups & Down In Early Pre-Market:
Gap up: GFN +55%, EH +9%, PGNY +7%, IDYA +7%, LSCC +6%, UFS +6%, PPG +5%, MATX +5%, DKNG +4%, DMTK +4%, AA +4%
Gap down: SPNE -7%, SPLK -3%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Stocks making the biggest moves MS RUN CSCO PNC CMCSA SPG BK UAL COIN: (CNBC)
Biggest Analyst Calls This Morning UAL COIN ROKOU MSFT DIS (CNBC)
WHO noted that Covid-19 cases at the highest level ever globally. (CNBC)
China grew at 18.3% in Q1 but was below expectations of 19%. (CNBC)
Johnson & Johnson (JNJ) hold on using the vaccine could last weeks. (Bloomberg)
Members of Congress want President Biden to withhold chip making tools to companies in China. (Reuters)
Norway delays using the AstraZeneca (AZN) vaccine over clotting issues. (FT)
Taiwan Semiconductor (TSM) to increase output of 5mm chips in second half of 2021. (Digitimes)
Index Moving Averages: All indexes are now above their moving averages. 4/15 Close
4/8 results.
Geopolitical:
The President receives the President’s Daily Brief, Oval Office, 9:50 a.m. EDT
Press Briefing by White House COVID-19 Response Team and public health officials, The White House, 10:30 a.m. EDT
Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 11:00 a.m. EDT
The President hosts H.E. Suga Yoshihide, Prime Minister of Japan, for an Official Working Visit, Oval Office, 1:30 p.m. EDT
The President hosts H.E. Suga Yoshihide, Prime Minister of Japan, for an expanded bilateral meeting, State Dining Room, 2:30 p.m. EDT
The President participates in a press conference with H.E. Suga Yoshihide, Prime Minister of Japan, Rose Garden, 4:15 p.m. EDT
The President departs the White House en route Wilmington, Delaware, The Ellipse, 5:30 p.m. EDT
The President arrives in Wilmington, Delaware, New Castle Airport, Delaware, 6:25 p.m. EDT
Federal Reserve Dallas President Robert Kaplan to speak at 10:45 a.m. EDT.
March Housing Starts are due out at 8:30 a.m. EDT and is expected to rise to 1,621,000 from 1,421,000. March Building Permits due out at the same time are expected to rise to 1,750,000 from 1,682,000.
The April University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to rise to 88 from 84.90.
Meeting & Conferences of Note:
RXT NFE (Update) URI (Conference Call) IDYA (Webcast)
Sellside Conferences: BMO BioPharma: Technology Enabled Drug Discovery (4/16).
Industry Conferences: The World Congress of Nephrology (4/15-4/19)
M&A Activity
United Rentals (URI) to buy General Finance (GFN) for $19 a share.
Upgrades & Downgrades of Note From Sellside Firms:
Thursday Recommendations:
