IPOs on deck:  None of note.

IPOs Filed:  None of note after the close.

Secondaries Priced: PLMR KRP EPRT MRTX of note.

Notes Priced:  MDB of note.

Common Stock filings: EPRT MTNB APTX KRP ADI  of note.

Mixed Shelf Offerings: MRO of note.

Convertible Offering Files: None  of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

SNX +0.74, KBH +0.01 of note.

Missed:

WDFC (0.11), PSMT (0.05) of note.

Hourly Action This Week: Updated 1/8

News After The Close (In Order of Time)

Moderna (MRNA) announces positive Phase 1 Data from CMV vaccine.

Flexion Therapeutics (FLXN) guides Q4 lower and guides on 2020 for ZILRETTA.

Synnex (SNX) to split into two publicly traded companies.

Sportsmans Warehouse (SPWH) to guide Q4 below consensus.

Portoloa Pharmac (PTLA) guides Q4 Andexxa net revenues to $28 million which is lower than expected.

Science Applications (SAIC) wins $727 million defense contract.

GrubHub (GRUB) employee denies sales rumors.

Urban Outfitters (URBN) falls on a drop of -10% on holiday sales.

Quidel (QDEL) guides Q4 revenues higher.

Stock Repurchase Announcements:  BRX of note.

Dividend Increase:  NLOK (Special one time of $12), LEN of note.

Gap Higher: ACRS +24%, MRNA +19%, RARE +18%, SNX +8%, TTOO +7%, QDEL +6%

Gap Lower: PTLA -38%, SPWH -198%, MTNB -16%, KRP -11%, URBN -9%, GRUB -9%, APTX -7%, WDFC -5%

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. 

S&P 500 +5 Dow Jones Industrial Average +41  NASDAQ +30 Russell 2000 +0.46. Fair values are mixed. Asia  and Europe higher to mixed.

Gold and silver lower with copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $128.88 from $128.75 with yields at 1.867% from 1.823%. Prices as of 8:30 a.m. EDT.

Positive Sectors On Thursday: Consumer Goods, Technology, Services, Conglomerates and Healthcare of note.

Negative Sectors On Thursday: None of note.

One Month Winners: Healthcare, Materials, Energy, Consumer Goods and Technology.

Three Month Winners: Healthcare, Consumer Goods and Technology.

Six Month Winners: Consumer Goods, Healthcare, Technology and Financials.

Twelve Month Winners: Technology, Industrials and Services.

Year to Date: Consumer Goods, Technology, Industrials, Technology, Services and Financials.

Upcoming Earnings Of Note (sorted by market cap, highest to lowest)

Today After The Close:  

 None of note.

Monday Before The Open:

SJR of note.

Earnings This Morning Of Note

Beat:

 INFY +0.73 of note.

Missed:   

None of note.

Still to Report:

Rags & Mags: Highlighted Stories may be clicked through to the original story.

Top News Story:  Job’s Friday Preview. (CNCB)

Stocks making the biggest news. (CNBC)

5 Things To Know To Start Your Day. (Bloomberg)

5 Things To Know This Morning. (CNBC)

Iraqi Prime Minister tells U.S. to figure out mechanism to leave the country. (CNBC)

Boeing (BA) internal emails showed that employees of Boeing mocked the FAA calling them “monkeys” among other thing. (WSJ)

Elanco Animal Health (ELAN) guides 2020 EPS and revenues below consensus.

Amazon (AMZN) may sell streaming TV ads on other platforms besides Fire TV. (WSJ)

Make a run to the border? Taco Bell owned by Yum Brands (YUM)offers store managers up to $100,000 salary in certain markets. (Bloomberg)

Stock Index Tracking

All  stock indexes have improved recent weakness. Current through 1/9 close.

Bold means a change from prior day.

The advance/decline line model is now a buy though it is struggling with the recent action. Updated through 1/8. In 2019, the model up 16.48% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy and is up 9.88%.

YTD 65% (+1% change week over week) of stocks are higher and 35% are lower. Updated  through 12/27 close.

Courtesy of Phil Erlanger Research, Inc.

Algo/HFT Trading Levels:

The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Update through 1/8. Volatility is starting to rise.

Economic & Related:

December Nonfarm Payrolls is due out at 8:30 a.m. EDT and are expected to fall to 160,000 from 266,000. The unemployment rate is expected to stay at 3.5%.

The latest NYSE and NASDAQ Short Interest is due out after the close

Geopolitical:      

President Trump will meet with Secretary of State Pompeo at 1:45 p.m. EDT and then the president be interviewed by Fox New at 10:00 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: (Investor Meeting) ELAN MRNA FDX (Conference Call)

Sellside Conferences: None of note.  Credit Suisse ASEAN Conference (1/8-1/10).

Industry Conferences: Consumer Electronic Show (CES) (1/7-1/10). American Society for Reconstructive Microsurgery Annual Meeting (1/10-1/14). American Society for Peripheral Nerve Annual Meeting. (1/10-1/12)

M&A Activity

Eli Lilly (LLY) to buy Dermira (DERM) for a small premium of 2%, $18.75.

Synopsys (SNPS) to buy Tinfoil Secruity , no terms.

Kimbell Royalty Partners (KRP) to buy assets of Springbok Energy Partners for $175 million.

Upgrades & Downgrades