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:
BEDU +0.17, PBCT +0.05, PRGS +0.04, OZK +0.02, CSX +0.01 of note.
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
STT +0.29 FHN +0.05, CFG +0.04, SLB +0.02 of note.
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.
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)
Upgrades & Downgrades