IPOs on deck:  First IPO of the year is up Velocity Financial (VEL) of note.

IPOs Filed:  None of note.

Secondaries Priced: None of note.

Notes Priced: None of note.

Common Stock filings:    of note.

Mixed Shelf Offerings: ATHX of note.

Convertible Offering Files: None  of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

BEDU +0.17, PBCT +0.05, PRGS +0.04, OZK +0.02, CSX +0.01 of note.

Missed:

 None of note.

Hourly Action This Week: Updated 1/15

News After The Close (In Order of Time)

Comcast (CMCSA) unveils Peacock, will launch 4/15.

Gap Inc. (GPS) no longer to separate Old Navy into a stand alone company.

Leidos (LDOS) wins $110 Army contract to lead a technical refresh with hardware/software upgrades.

Sysco (SYY) launches Plant Based Meatless Burger Patty.

Stock Repurchase Announcements:  PRGS of note.

Dividend Increases: ED CEQP (distribution) JI FAST of note.

Gap Higher: PRGS +10%, GPS +5%, SBGL +4%

Gap Lower: SFM -5%, FAST -4%, CSX -4%

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

S&P 500 +7 Dow Jones Industrial Average +58  NASDAQ +30 Russell 2000 +5.48. Fair values are lower. Asia and Europe higher.

Gold, silver and copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $129.19 from $129.38 with yields at 1.786%. Prices as of 8:15 a.m. EDT.

Positive Sectors On Thursday: Conglomerates, Technology and Industrials of note.

Negative Sectors On Thursday:  None of note.

One Month Winners: Technology, Conglomerates, Consumer Goods and Services.

Three Month Winners: Healthcare, Consumer Goods and Technology.

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

Twelve Month Winners: Consumer Goods,Technology, Industrials and Services.

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

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

Today After The Close:  

None  of note.

Tuesday Before The Open:

HAL TAL CMA FNB ONB FBC NWBI PETS of note.

Earnings This Morning Of Note

Beat:

STT +0.29 FHN +0.05, CFG +0.04, SLB +0.02 of note.

Missed:   

None of note.

Still to Report: 

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

Top News Story:  

Stocks making the biggest moves. (CNBC)

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

Iran’s Supreme Leader gave a speech trying to rally his supporters. (NYT)

China’s economy grew at slowest rate in 29 years. (CNBC)

Treasury to start issuing a 20 Year Bond this year. (WSJ)

Review of the ruled for the impeachment trial next week. (NYT)

Boeing (BA) to take a $20 billion write off on 737 Max. (CNBC)

Facebook (FB) to drop plans for WhatsApp ads. (WSJ)

Google (GOOGL) sees market cap over $1 trillion. (WSJ)

Stock Index Tracking

All  stock indexes have improved recent weakness. Current through 1/15 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 1/16. In 2019, the model up 16.48% on the S&P 500 and this year is up 2.28%. 5 buy signals and 4 cash signals in 2019. Current signal is a buy and is up 10.3%.

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 1/16. Volatility is starting to rise.

Economic & Related:

December Housing Starts are due out at 8:30 a.m. EDT and are expected to rise to 1,380,000 from 1,365,000.

December Industrial Production is due out at 9:15 a.m. EDT and is expected to fall to 0.1% from 1.1%.

January University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 98.3 from 99.3.

Geopolitical:      

President Trump will receive the LSU Tigers as the White House at 11:00 a.m. EDT and then head to Palm Beach for  the long weekend.

Federal Reserve Governor Randal Quarles to speak at 12:45 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: None of note.

Sellside Conferences:  Santander Annual LatAm Conference (1/14-1/17).

Industry Conferences: AlphaNorth Capital Investment Conference. (1/17/20)

M&A Activity

Upgrades & Downgrades