Lead Story: President-Elect Joe Biden to become the 46th President of the United States. (NBC News)
Total Cases 23,923,938 from 23,778,275
Deaths 392,428 from 390,262
New Tests 1,698,121 from 2,079,206
New Cases 144,047 from 150,385 with positivity rate of 8.4% (down 1.2)
Current Hospitalizations 123,820 from 123,848
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:
Beats: ZION +0.63, PNFP +0.35, JBHT +0.13, IBKR +0.11, UCBI +0.08, FNB +0.04
Misses: NFLX (0.22), FULT (0.01)
News After The Close:
US Foods (USFD) wins $390 Defense Logistics Agency contract.
NYC will run out of vaccine on Thursday. (NYT)
Dividend Increases: OGS CTAS FAST
Split Announcement: EXPI (2:1)
Raises Guidance: OGS
Stock Buyback New Or Increase: DFS
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)
Today After the Close: KMI, DFS, UAL, JEF, AA, STL, WTFC, UMPQ, CNS, HWC, CVBF, PLXS of note.
Thursday Before the Open: UNP, TFC, TAL, TRV, BKR, FITB, CCL, NTRS, MTB, KEY, CTXS of note.
Earnings This Morning Of Note:
Beats: MS +0.53, CBSH +0.18, PG +0.13, UNH +0.13, CFG +0.11, ASML +0.08, BK +0.05, FAST +0.01, USB +0.01
Erlanger Research Advance/Decline Chart – Updated 1/19 Close.
Gap Ups & Down In Early Pre-Market:
NFLX +13%, SRNE +11%, PSO +7%, PCAR +6%, HSTM +4%
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.
Joe Biden will become the 46th President of the United States today at 12:00 p.m. EST.
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)
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.