Lead Story: President-Elect Joe Biden to become the 46th President of the United States. (NBC News)

Covid-19 Statistics: 

IPOs Priced:

Secondaries Priced:   TCRR FULC  SYRS GEVO of note.

Notes Priced of note:  None of note.

Common Stock filings:  ACRX SYRS PASG LAC PERI ACRS FULC EDIT CRSR MRUS  CMRX BNGO AZEK CYRX  of note.

Selling Shareholders of note:  None of note.

Mixed Shelf Offerings:  GEVO IDEX  of note.

Convertible Offering Files:  None of note.

Earnings Out After The Close Of Note:

Dividend Increases: OGS CTAS FAST 

Split Announcement: EXPI (2:1)

Raises Guidance: OGS

Lowers Guidance:

Stock Buyback New Or Increase: DFS

Insider Buys:

Erlanger Valuelines Action– Each day Erlanger Research through its Chart Room track resistance, pivot and support levels. HFT and Algo firms use these levels to trade and much can be learned from following the valuelines. Blue highlighting indicates above average volatility. 1/19/21

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

S&P 500 +18   Dow Jones Industrial Average +32   NASDAQ +120    Russell 2000 +6. Fair values are lower. Asia higher ex Nikkei and Europe higher. VIX is at 24.95 from 25.45 this morning in futures. VIX closed at  from 24.34 and the three month futures at from 27.26.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $136.83 from $136.75  with the yield at 1.10% no change.

Positive Sectors On Friday:  Communication Services, Technology and Energy.

Negative Sectors On Friday:  Consumer Defensive and Utilities.

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: Energy, Materials, Healthcare and Financials of note.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

Gap Ups & Down In Early Pre-Market:

Gap up:

NFLX +13%, SRNE +11%, PSO +7%, PCAR +6%, HSTM +4%

Gap down:

GEVO -22%, ACRX -11%, BNGO -11%, PERI -8%, MRUS -6%, LAC -6%, CTMX -4%, JBHT -4%

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

Today’s Analyst Calls of note – TSLA NFLX PENN GM. (CNBC)

5 Things To Know Before The Open – (CNBC)

Stocks Making The Biggest Moves – MS NFLX  (CNBC)

Covid Update – Germany finds another strain oc Covid-19, U.K. uses blockchain to track temperatures. (CNBC)

Senate Minority Leader Mitch McConnell wants to preserve legislative filibuster as part of power sharing agreement. (Politico)

President Biden may create antitrust czar. (Reuters)

Where in the world is Jack Ma? Now we know he is not in a Chinese prison. A positive for Alibaba (BABA). (WSJ)

Dr. Fauci to lead a U.S. delegation to the WHO. (CNBC)

Stock Index Trading:

Current through 1/19 close. Overall confidence moves to 63% from 87%.

Bold means a change from prior day.

Geopolitical:

Joe Biden will become the 46th President of the United States today at 12:00 p.m. EST.

Economic:

Weekly MBA Mortgage Applications were out at 7:00 a.m. EST and fell -1.9%.

January NAHB Housing Market Index is due out at 10:00 a.m. EST and is expected to remain at 86.

Investor Meetings & Conferences of Note:

SNPS (Investor Event)   

Sellside: UBS Greater China Conference (1/18-1/22) Bank of America Energy, Battery, Storage Conference (1/19-1/20) Jefferies Winter Restaurant, Foodservice, Gaming. Lodging & Leisure Summit (1/19-1/20)  B.Riley  Oncology Conference (1/20-1/21)

Industry Conferences:

M&A Activity:

Upgrades & Downgrades of Note This Morning: Note that downgrades are increasing first two weeks of the year. We will update today’s upgrades tomorrow morning.