Total Cases 22,757,516 from 22,538,426
Deaths 375,471 from 371,449
New Tests 1,793,568 from 1,871,244
New Cases 219,090 from 213,885 with positivity rate of 12.2% (up 0.8)
Daily Deaths 4,022
Current Hospitalizations 130,383 from 131,326
IPOs Priced: Petco Health And Wellness (WOOF) priced at $18 above expected range of $14 to $17. Aldeyra Therapeutics (ALDX) priced at $9.50.
Secondaries Priced: VNT PRVB LMND NNDM of note.
Notes Priced of note: None of note.
Common Stock filings: ALDX GOEV of note.
Selling Shareholders of note: GOEV of note.
Mixed Shelf Offerings: ASM of note.
Convertible Offering Files: ALRM of note.
Earnings Out After The Close Of Note:
News After The Close:
Nordstrom (JWN) saw net sales decline around the 9 weeks of the holiday season by -22%.
TimkenSteel (TMST) to raise on all special bar quality products by $40 per ton.
House votes to impeach President Trump a second time. 10 Republicans voted to impeach, 232-197.
Federal Reserve Vice Chairman Clarida says Federal Reserve will not raise rates until inflation hits 2%.
Johnson & Johnson (JNJ) vaccine for COvid-19 saw immune response last at least 71 days,
Raises Guidance: ETH APYX ORGO
Lowers Guidance: FRPT (supply constraints)
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 +6 Dow Jones Industrial Average +110 NASDAQ +17 Russell 2000 +13. Fair values are lower. Asia higher ex Shanghai and Europe higher. VIX is at 24.90 from 23.66 this morning in futures. VIX closed at 22.21 from 24.08 and the three month futures at 25.55 from 26.70.
Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $136.63 from $136.48 with the yield at 1.10% from 1.12%.
Positive Sectors On Wednesday: Utilities, Consumer Cyclicals and Real Estate of note.
Negative Sectors On Wednesday: Materials, Industrials and Energy.
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: PRGS of note.
Friday Before the Open: JPM, WFC, C, PNC of note.
Earnings This Morning Of Note:
Beats: BLK +1.92, TSM +1.01, FRC +0.09
Misses: APHA (0.39), DAL (0.08)
Still to Report: none
Erlanger Research Advance/Decline Chart – Updated 1/13 Close.
Gap Ups & Down In Early Pre-Market:
ORGO +35%, PFSW +28%, APYX +22%, NK +21%, ETH +9%, PGEN +5%, AVAV +5%, AMAT +4%
NNDM -14%, JWN -5%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Today’s Analyst Calls of note – DIS CVX PENN SHOP. (CNBC)
5 Things To Know Before The Open – (CNBC)
Stocks Making The Biggest Moves – GME TSLA JWN (CNBC)
Covid Update – Chinese vaccine 50% effective. (CNBC)
President-Elect Biden will speak at 7:15 p.m. and announce his $2 trillion stimulus plan. (CNN)
President Trump finally comes out and condemns the violence at the Capitol. (CNBC)
FBI on high alert for violence next week with the inauguration of President-Elect Biden. (NYT)
Snapchat (SNAP) bans President Trump permanently. (Axios)
U.S. wants Tesla (TSLA) to recall 158,000 vehicles. (Reuters)
President Trump signs Executive Orders strengthening order banning investments in companies with connections to the Chinese military. Alibaba (BABA) not on the list. (Reuters)
Chinese President Xi want Starbucks (SBUX) to help improve relations with the U.S. and China.
CNOOC Ltd (CEO) removed from Dow Jones Indices due to U.S. sanctions against China.
Blackrock (BLK) CEO Larry Fink sees a strong year for 2021 but not as strong as 2020. (CNBC)
Stock Index Trading:
Current through 1/13 close. Overall confidence remains at 100%.
Bold means a change from prior day.
Federal Reserve Chairman Jerome Powell speaks at 12:30 p.m. EST. Big question is does Powell remain with the taper which seems an obvious yes.
President Trump will work from early in the morning until late in the evening. He will make many calls and have many meetings. (Actual Schedule)
Weekly Jobless Claims are due out at 8:30 a.m. EST.
December Import and Export Prices are due out at 8:30 a.m. EST.
December ISM Non-Manufacturing Index is due out at 10:00 a.m. EST and is expected to fall to 55.9%.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EST.
Investor Meetings & Conferences of Note:
MNST (Investor Event) SPI KAYSD (Update) HCKT FFIV JAGX BIIB (Webinar)
Sellside: Needham Annual Growth Conference (1/11-1/15) JP Morgan Healthcare Conference (1/11-1/14) Sidoti Winter Investor Conference (1/13-1/14) Citi European Utilities Conference (1/13-1/15) Citit Greater China Healthcare Days (1/14-1/15) Jefferies Software Conference (1/14) Evercore ISI Consumer & Retail Conference (1/14-1/15)
Industry Conferences: CES (1/11-1/14) Metals Investor Forum 2021 (1/14-1/15)
AeroVironment (AVAV) to buy Arcturus UAV for $405 million.
Upgrades & Downgrades of Note This Morning: