CAPIS Morning Note – 4/14/25: Stocks Start The Shortened Options Expiration Week On A Positive Note

• IPOs For The Week: AIRO, CHA, HXHX, OMSE, PHOE
• New IPOs/SPACs launched/News:
• IPOs Filed/Priced:
• Secondaries Filed or Priced:
  • PTLE Closing of $7.14 Million Public Offering of its Ordinary Shares
  • MSS: Form S-1 Filed – 62,700,000 Shares of Class A Common Stock
  • LTRY: Form S-1.. Primary Offering of Shares of Common Stock to enable the Company to raise $100,000,000 under a Stock Purchase Agreement entered into on November 13, 2024.
• Notes Priced:
  • XRX Closing of Senior Secured Notes Offering
• Notes Files:
• Convertibles Filed:
• Direct Offering:
• Exchangeable Subordinate Voting Shares: None of note.
• Private Placements:
  • TTNP $1 Million Private Placement of Convertible Preferred Stock
• Selling Shareholders of note:
• Mixed Shelf Offerings:
  • BORR files mixed securities shelf offering.
  • UMBF files mixed securities shelf offering.

News After The Close:

• Egypt saw its credit rating revised to stable and Italy to raised by one the top credit agencies.
• President Trump waived reciprocal tariffs on some consumer electronic products such as the Apple iPhone produced in China but left the 20% tariff in effect. (CNBC)
• President Trump says he will announce semiconductor tariffs in the next week. (Reuters)
• On Sunday’s Meet The Press, Hedge Fund Manager Ray Dalio says tariff actions could create “something worse than a recession”. (MarketWatch)
• Barron’s is + on AMAT, AMZN, PLTR, TSLA, XOM, CVX, NEE, AEP.
• 10K or Qs Filings/Delays –  (Filed), (Delayed) of note.

Exchange/Listing/Company Reorg and Personnel News:

• Stocks Ex Div Today: HRL VIV GGG LTM OZK VTMX WERN KEN UVV
• Stocks Ex Div Tomorrow: ABBV ABT FCX WSO MAA AFG PECO ACA TRN BKE CHCO ARR SBR
• AON increases quarterly cash dividend 10% to $0.745/share from $0.675/share. 

What’s Happening This Morning: (as of 7:45 a.m. EDT) Futures S&P 500 +78, NASDAQ +314, Dow Jones +398, Russell 2000 +17. Europe is higher and Asia is higher. Bonds are at 4.433% from 4.435% Friday on the 10-Year. Crude Oil and Brent Crude are higher with Natural Gas lower. Gold is lower with Silver and Copper higher. The U.S. Dollar is lower versus the Euro, lower against the Pound and lower against the Yen. Bitcoin is at $84,619 from $82,037 higher by $621 at 0.75%.

• Daily Positive Sectors: All were higher for the day led by Materials, Energy and Technology.
• Daily Negative Sectors: None of note.
• One Month Winners:  Consumer Defensive and Utilities of note.
• Three Month Winners: Consumer Defensive, Utilities and Materials of note.
• Six Month Winners: Consumer Defensive and Financials of note.
• Twelve Month Winners: Utilities,  Financials, Consumer Defensive, Communication Services, Technology and Real Estate of note.
• Year to Date Winners: Consumer Defensive, Utilities and Materials of note.

Bolded means the Sector is new to the period in which it falls.

Upcoming Earnings Of Note: (From Chartroom Software – sorted by market cap, highest to lowest with most visible names)

• Monday After the Close:  

• Tuesday Before The Open:  

Notable Earnings of Note This Morning:

• Gap Up: THTX +27.3%, TMC +20.5%, MP +12.4%, BBY +5.2%, AAPL +4.9%, INTC +4.8%, PLTR +2.1%, IDYA +2.1% of note.

• Gap Down: ORGO -7.3%, EXAS -3%, MTB -2.5% of note.

Insider Action: None see Insider Buying with dumb short selling. None see Insider Buying with smart short sellers.

Rags & Mags: Repeated stories from prior days never listed, i.e. “rehashed news”. Sorted by Global, U.S. and stock specific.

• Bloomberg: Tump warns Sunday that tariffs coming to electronics after Friday reprieve. (Bloomberg)
• Dollar weakness causes traders to raise hedges to 5-year high. (Bloomberg)
• U.S. and Japan will hold trade talks on Thursday. (Bloomberg)
• The Trump administration is expected to begin trade negotiations with dozens of countries with goals of more energy purchases, lower export tariffs, lower trade deficits, and lower taxes on American technology companies. (The Washington Post)
• Iran and the U.S. had “constructive” meeting and plan further nuclear discussions this week. (The Washington Post)
• Pfizer(PFE) ends Obesity Pill after liver damage reported. (Bloomberg)
• Five Things To Know Before The Market Opens. (CNBC)

Bolded Royal Blue means behind a Pay Wall.

• President Trump’s Daily Schedule.
  • President Trump heads to  at 3:45 p.m. EDT.
  • Press Briefing at 1:00 p.m. EDT.
  • President Trump heads to  at 4:00 p.m. EDT.

M&A Activity and News:

Moving Average Table:  Moves from 0% to 33% week over week.

Meeting & Conferences of Note: (Not updated today, back tomorrow)

Upgrades & Downgrades:

The recommendations listed below in this “Upgrade/Downgrade” section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting is to make the reader aware of market-moving recommendations. None of these recommendations should be interpreted as actual recommendations from CAPIS or its employees.

• • • • Upgrades:
      • Downgrades: