No Charts and Tables today. That will return tomorrow.
Overnight Summary and Early Morning Trading:
- The S&P 500 finished Friday lower by -0.25% at 7711.76 from Thurday higher by 0.72% at 7730.99.
- The S&P 500 sees support now at 7700 from 7600. Resistance is now at 7800 from 7700. In the last five months, support has moved from 6300 to 7700.
- The QQQ (Nasdaq-100 Index ETF) sees support now at 710 from 720. Resistance is now at 720 from 730 as the QQQ closed lower by -0.65% at 716.43
- Bond Market is flat today on price with the 10-Year Yield at 4.724% from 4.686%.
Executive Summary:
- Stocks move into a one-week winning streak from a one-week losing streak, with the S&P 500 rising 0.48% in the last week, ended 8/28.
- U.S. moves into Week 28 of its attack on Iran, six months. Now we will try economic sanctions this week.
- The S&P 500 is now on a 1-day losing streak.
Key Geopolitical Events of Note
- Economic news of note.
- Weekly – None of note.
- Monthly – None of note.
- President Trump’s schedule:
- Participates in Executive Time at 8:00 a.m. EDT.
- Participates in a Policy Meeting at 2:00 a.m. EDT.
- Makes Announcement on Healthcare Affordibility at 3:00 p.m. EDT.
- Participates in Signing Time at 4:30 p.m. EDT.
- Fed and Other Speakers of Note:
- G20 starts in Asheville, NC.
Capital Raises of Note/Pricings:
- IPO Filings & News: due out this week:
- Electra Therapeutics. files prospectus with SEC for an IPO; Number of shares offered and expected price range not yet determined.
- Secondaries Filed Or Priced: None of note.
- Notes Filed Or Priced: None of note.
- Convertible Offerings Filed or Priced: None of note.
- Private Placement: None of note.
- Direct Offering: None of note.
- Exchangeable Subordinate Voting Shares: None of note.
- Selling Shareholders:
- JMIA files for 2,717,389 share ADS offering by selling securityholders.
- KRP files for 9,500,000 common unit offering by selling unitholders
- Mixed Shelf Offerings:
- FET files mixed securities shelf offering.
- TGT files mixed securities shelf offering.
- H files for $200 mln mixed securities shelf offering.
- FLO files mixed securities shelf offering.
- OBX files for 29,164,045 share common stock offering by selling shareholders.
AFTER THE CLOSE:
Earnings After The Close:
-
- Beats: of note.
- Misses: None of note.
- Flat: None of note.
- Movers From Last Week
- Positive Movers: CAPR (9.62 +52.94%), INBX (125.19 +20.8%), BLSM (19.71 +20.3%), EBS (5.95 +17.03%), SRPT (21.05 +12%), VEEV (277.12 +11.79%), MEI (18.28 +28.01%), ANF (147.39 +35.21%), FNKO (7.19 +10.54%), URBN (81.41 +9.66%), OKTA (168.35 +24.57%), CRM (258.33 +23.5%), ESTC (101 +17.52%), RPD (13.39 +13%), NOW (145.02 +12.87%), TEAM (191.87 +11.67%), SNPS (443.09 +11.36%), APPN (42.20 +10.18%), TENB (37.72 +9.71%)
- Negative Movers: RGNX (9.58 -10.68%), HMY (20.25 -13.97%), DY (291.03 -25.94%), SWMR (32.83 -22.73%), LPTH (11.20 -22.36%), FISN (6.56 -20.48%), BETA (20.37 -17.66%DKS (134.75 -26.46%), BURL (274.58 -15.9%), MUSA (502.91 -11.73%), MOD (176.74 -10.59%)), AGX (419.96-16.29%), LUNR (15.36 -16.18%), FLY (21.38 -12.56%), JKS (13.48 -15.33%), AAOI (106.43 -14.73%), PYPL (53.64 -12.85%), COHU (47.94 -11.83%), FORM (102.09 -10.58%)
- News After The Close
- UUUU announces it has completed its acquisition of Australian Strategic Materials Limited, a leading producer of REE metals and alloys.
- Several insiders at Dick’s (DKS) buy shares after the slocee.
- Trilogy Metals (TMQ) announces that it has executed definitive agreements with the US Dept of War in connection with the previously announced strategic equity investment of approximately US$35.6 mln to advance exploration and development of the Upper Kobuk Mineral Projects in northwestern Alaska.
- Agnico Eagle Mines acquires 666,667 units of Canada Nickel Company.
- Pentagon in talks with Venezuelan mogul for massive oil deal. (Bloomberg)
- Executive Changes of Note
- LNN names Alicia Pfeifer, Brett Coburn interim co-CFOs effective Sept. 1 – 8-K filing.
- PINS discloses resignation of CFO Julia Donnelly.
- Buybacks of Note:
- NWFL adopts new stock repurchase program for up to 550,000 shares
- Dividends Going Ex on Monday: UNP: $1.42 | GLW: $0.28 | CSX: $0.14 | BAM: $0.50 | B: $0.17 | ALL: $1.08 | O:
$0.27 | STRC: $0.50 | EL: $0.35 | CBOE: $0.86 | Q: $0.08 | DOV: $0.53 | HUBB:
$1.42 | BEP: $0.39 | DOW: $0.35 | DD: $0.60 | BIP: $0.46 | ULS: $0.14 | AIZ: $0.88
| AGNC: $0.12 | CR: $0.26 | CFR: $1.03 | FDS: $1.16 | ADC: $0.27 | AVAL: $0.01 |
TFPM: $0.06 | ESNT: $0.35 | BEPC: $0.39 | RLI: $0.18 | WHD: $0.15 | STEP: $0.33
| BBUC: $0.06 | OBDC: $0.02 | CPA: $1.71 | BIPC: $0.46 | EPR: $0.31 | GFF: $0.22 - Dividends Going Ex on Tuesday: GS: $5.00 | MCD: $1.86 | ADI: $1.10 | LMT: $3.45 | MCK: $0.94 | AEM: $0.45 |
NKE: $0.41 | CTVA: $0.18 | IBKR: $0.09 | HIG: $0.60 | MTB: $1.50 | MLM: $0.84 |
RF: $0.30 | TPL: $0.60 | TW: $0.14 | KEY: $0.20 | TSN: $0.51 | SSNC: $0.30 |
BALL: $0.20 | BWA: $0.17 | TXRH: $0.75 | SF: $0.34 | WTS: $0.63 | WMS: $0.20 |
UHS: $0.20 | EGO: $0.07 | VIRT: $0.24 | ESI: $0.08 | HLI: $0.70 | CWEN: $0.47 |
FNB: $0.13 | ASB: $0.24 | GTX: $0.08 | UFPI: $0.36 | PTEN: $0.10 | NNI: $0.33 |
SLGN: $0.21 | TCBI: $0.20 | TAC: $0.05 | PII: $0.68 | NIC: $0.36 | FFBC: $0.26 |
What Happening This Morning:
Futures S&P 500 -12.755, NASDAQ 100 -35, Dow Jones -60. Europe is lower ex FTSE while Asia is lower. Bond yield is at 4.724% from 4.686% on the 10-Year. Crude Oil and Brent Crude are higher with Natural Gas higher. 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 $78,473 from $79,739.
Sector Action: Below is yesterday’s sectors sorted by Net%.
- One-Month Winners: Technology, Communication Services, Healthcare and Real Estate of note.
- Three-Month Winners: Energy, Materials, Utilities, Consumer Defensive and Industrials of note.
- Six-Month Winners: Energy, Materials, Utilities, Industrials, Healthcare and Consumer Defensive of note.
- Twelve-Month Winners: Materials, Energy, Industrials, Utilities, Communication Services and Technology of note.
- Year-to-Date Winners: Energy, B, Consumer Defensive, Utilities and Industrials of note.
Upcoming Earnings Of Note: (Erlanger Chartroom Software – sorted by market cap, highest to lowest with most visible names)
- Monday After the Close None of note.
- Tuesday Before The Open MDT MMED NIO YEXT of note
Notable Earnings of Note This Morning:
- Beat: SAIC +0. of note.
- Missed: of note.
- Flat: None of note.
- Still to Report: None of note.
Company Earnings Guidance:
- Positive Guidance: None of note
- Mixed –None of note.
- Negative or Mixed Guidance: None of note.
Economic & Geopolitical
- Federal Reserve Speakers of note today:
- G20 starts today in Ashville, NC.
- President Trump’s schedule for today:
- Participates in Executive Time at 8:00 a.m. EDT.
- Participates in a Policy Meeting at 2:00 a.m. EDT.
- Makes Announcement on Healthcare Affordibility at 3:00 p.m. EDT.
- Participates in Signing Time at 4:30 p.m. EDT.
- Economic Data Out –
- Monthly
- None of note
- Weekly
- None of note.
- Monthly
M&A Activity & Daily: None of note.
Rags & Mags:
- President Trump to hosts Energy CEOs at The White House on Tuesday.
- The Momentum Trade is no longer working on Wall Street. (WSJ)
- U.S. and Iran trade strikes overnight.
- Market Wrap: Stocks Futures slide as Oil rises. (Bloomberg)
- Bloomberg: Investors are Wary of Warsh and Rates. (Bloomberg)
Meeting & Conferences of Note:
- Sellside Conferences:
- European Society of Cardiology
- Fal.Con 2026
- Top Analyst, Investor:
- ARWR, XNDU, TENB, GLED
- Shareholder Meetings: None of note.
- Fireside Chat: None of note.
- FDA Presentation: None of note.
- R&D Day: None of note.
- Meetings: None of note.
Upgrades & Downgrades: NOT UPDATED TODAY
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: CS KALU MFIC of note.
Downgrades: PCG of note.
Initiations: Buys: ATTO BRVE (4) GRR SCTX of note. Sells: of note.