CAPIS Morning Note – 1/11/21: Futures Lower By -33 On The S&P 500 To Start Week
Lead Story: Covid-19 Statistics: Total Cases 22,124,929 from 21,902,011 Deaths 365,597 from 363,598 New Tests 1,935,115 from 2,015,473 New Cases 222,918 from 264,879 with positivity rate of 11.5% (down 1.6) Daily Deaths 1,999 Current Hospitalizations 129,229 from 130,781 Capital Raises: IPOs Priced: Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock…
Total Cases 22,124,929 from 21,902,011
Deaths 365,597 from 363,598
New Tests 1,935,115 from 2,015,473
New Cases 222,918 from 264,879 with positivity rate of 11.5% (down 1.6)
Daily Deaths 1,999
Current Hospitalizations 129,229 from 130,781
Secondaries Priced: None of note.
Notes Priced of note: None of note.
Common Stock filings: None of note.
Selling Shareholders of note: AQST OFLX of note.
Mixed Shelf Offerings: GTY of note.
Convertible Offering Files: None of note.
Earnings Out After The Close Of Note:
News After The Close:
Cisco (CSCO) wins court order to block Acacia Communications (ACIA) from breaking off merger deal.
Twitter (TWTR) suspends accounts related to QAnon. Also, suspends President Trump’s account.
Carrol’s Restaurant Group (TAST) to open 50 new Burger Kings.
Another Boeing (BA) plane crashed over the weekend, a 737-500 in Jakarta.
Barron’s + UNP MO on +/- on GME GOOGL FB TWTR
Raises Guidance: BOOT EBS NSTG EXAS AVTR PKI GILD NVCR PLAY
Lowers Guidance: SPNE
Stock Buyback New Or Increase:
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 -33 Dow Jones Industrial Average -291 NASDAQ -117 Russell 2000 -26 . Fair values are mixed. Asia higher ex Shanghai and Europe lower. VIX is at 23.70 from 22.90 this morning in futures. VIX closed at from 22.37 and the three month futures at from 25.02.
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $136.64 from $136.83 with the yield at 1.107% from 1.03%.
Positive Sectors On Friday: Consumer Cyclical, Real Estate and Communication Services of note.
Negative Sectors On Friday: Materials, Energy and Industrials of note.
One Month Winners: Energy, Financials Real Estate and Industrials of note.
Three Month Winners: Industrials, Communication Services, Utilities and Financials of note.
Six Month Winners: Consumer Cyclical, Industrials, Technology and Materials of note.
Twelve Month Winners: Technology, Consumer Cyclical, Communication Services and Healthcare of note.
Year to Date: Technology, Consumer Cyclical, Communication Services, Healthcare and Materials of note.
Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)
Today After the Close: SNX of note.
Tuesday Before the Open: ACI of note.
Earnings This Morning Of Note:
Beats: AZZ +0.08, CMC +0.05
Still to Report: none
Erlanger Research Advance/Decline Chart – Updated 1/8 Close.
Gap Ups & Down In Early Pre-Market:
MESO +99%, BNGO +23%, SECO +21%, LLY +19%, ORIC +11%, NIO +8%, BOOT +6%, PACB +6%, BLUE +6%, EXEL +5%, BIDU +5%, BIIB +5%, TLYS +4%, AZZ +4%
TWTR -7%, BA -3%, SNN -3%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Stocks Making The Biggest Moves – TWTR GILD LULU (CNBC)
Today’s Analyst Calls of note – UBER BA XOM BAC TSLA. (CNBC)
5 Things To Know Before The Open – (CNBC)
Covid Update – State of U.S. Rollout. (CNBC)
Democrats to impeach President Trump this week. May not send articles to Senate until April however. (Bloomberg)
Senator Joe Manchin (D- WV) a key player in more stimulus prefers targeted relief over $2000 checks. (The Hill)
Senator Lisa Murkowski (R – AK) may leave the Republican Party if the president does not resign. (NYT)
Chicago extends stay at home advisory another two weeks as Covid-19 cases remain high in the city. (ABC News)
Automakers cut production on chip shortage. (WSJ)
Bit Coin pulls back. (CNBC)
Stock Index Trading:
Current through 1/8 close. Overall confidence remains at 100%.
Bold means a change from prior day.
Geopolitical and Fiscal Events. No doubt there will be lots of political drama this week. It remains to be seen if the 25th Amendment will be invoked, the president will resign or his term will run out. President Trump is heading to San Antonio this week to visit the Alamo which is not symbolically a good sign and may make a run for the border. Pay attention closely to news this week.
$58 billion of 3 Year Treasury Notes auctioned at 1:00 p.m. EST.
Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as NFIB Small Business Optimism Index, CPI, Federal Reserve Beige Book, PPI, retail sales, Empire State Manufacturing Index, industrial production and University of Michigan Consumer Sentiment.
None on deck today.
Investor Meetings & Conferences of Note:
ZS (Investor Event) EFX ACIA (Conference Call)
Sellside: Capital One Securities REIT Conference (1/11-11/12) Needham Annual Growth Conference (1/11-1/15) JP Morgan Healthcare Conference (1/11-1/14)
Industry Conferences: CES (1/11-1/14)
40 North extends bid for W.R. Grace (GRA)to $65 with shares at $55.96 on Friday close.
Upgrades & Downgrades of Note This Morning: