CAPIS Morning Note – 1/25/21: Stocks Mixed Today
Covid-19 Statistics: Total Cases 24,800,354 from 24,657,405 Deaths 410,212, from 408,272 New Tests 1,709,230 from 1,898,062 New Cases 142,949 from 173,729 with positivity rate of 8.4% (down 0.8) Daily Deaths 1,940 Current Hospitalizations 110,628 from 113,609 Capital Raises: IPOs Priced or News: Green Brick Partners (GRBK) to go public which is owned by Greenlight Capital…
Covid-19 Statistics:
Total Cases 24,800,354 from 24,657,405
Deaths 410,212, from 408,272
New Tests 1,709,230 from 1,898,062
New Cases 142,949 from 173,729 with positivity rate of 8.4% (down 0.8)
Daily Deaths 1,940
Current Hospitalizations 110,628 from 113,609
Capital Raises:
IPOs Priced or News: Green Brick Partners (GRBK) to go public which is owned by Greenlight Capital (GLRE).
Secondaries Priced: None of note.
Notes Priced of note: None of note.
Common Stock filings: CWBR FRSX GNOG AMC of note.
Selling Shareholders of note: GNOG of note.
Mixed Shelf Offerings: INTC AIZ CLPT TCDA of note.
Convertible Offering Files: BBIO of note.
Earnings Out After The Close Of Note:
Beats: none
Flat: none
Misses: none
News After The Close:
Vale (VALE) and state government in Brazil are still $2 billion apart on dam disaster settlement. (Reuters)
Lawsuit filed against Guess? (GES) over improper conduct by Paul Marciano a director and Chief Creative Officer.
Fitch affirms Greece at BB, outlook stable.
NetApp (NTAP) announced a $1 billion revolving unsecured credit facility.
Autodesk (ADSK) names interim CFO Andrew Anagnost who also is the CEO.
Novavax (NVAX) to supply Canada with up to 76 million doses of COVID vaccine. Their vaccine is still in Phase 3 Trials.
Baron’s is + on CCI SBAC COR EQIX TTWO EA ATVI NFLX and +/- on GME.
Dividend Increases: RBB
Split Announcement:
Raises Guidance: CLF
Lowers Guidance:
Stock Buyback New Or Increase: KRNY
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. 1/21/21
Hourly Action– We track the hour by hour action on the S&P 500, Russell 2000 and Dow Jones Industrial Average. The best hour so far this week is 12:00 to 1:00 p.m. and the worst hours are 9:30 to 10:00 a.m. and 11:00 -12:00 p.m. Updated 1/20 Close
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 +3 Dow Jones Industrial Average -114 NASDAQ +131 Russell 2000 -8. Fair values are lower. Asia higher and Europe lower. VIX is at 25.10 from 25.55 this morning in futures. VIX closed at 21.91 from 21.32 and the three month futures at 25.99 from 25.70.
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $137.22 from $137.00 with the yield at 1.065% from 1.091%.
Positive Sectors On Friday: Healthcare and Communication Services.
Negative Sectors On Friday: Energy, Financials and Materials of note.
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: XLNX, BRO, GGG, ELS, AGNC, STLD, TCF, CR, HXL, BXS, JJSF, FUL, HTLF, BOOT of note.
Tuesday Before the Open: JNJ, VZ, NVS, NEE, RTX, LMT, GE, AXP, MMM, PLD, UBS, FCX of note.
Earnings This Morning Of Note:
Beats: CADE +0.59, PHG +0.11, CBU +0.09, KMB +0.07
Flat: none
Misses: BOH (0.05)
Still to Report: none
Erlanger Research Advance/Decline Chart – Updated 1/25 Close.
Gap Ups & Down In Early Pre-Market:
Gap up:
TSIA +96%, EXPR +50%, GME +48%, GEVO +21%, CLF +8%, LX +8%
Gap down:
FRSX -4%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
5 Things To Know Before The Open – (CNBC)
Stocks Making The Biggest Moves – GME AMC EXPR (CNBC)
Biggest Analyst Calls of The Day – NIO WMT MSFT F (CNBC)
Covid Update – Merck ends vaccine effort, Google offers offices as a place to give shots. (CNBC)
Mexican President Lopez tests positive for Covid-19.
Merck (MRK) ends development of its Covid-19 vaccine but continues development of two therapeutics.
Axon (AAXN) will change symbol tomorrow to AXON.
Senate Republicans say the Biden Stimulus Plan $1.9 trillion is Dead on Arrival. (The Washington Post)
Former President Trump’s Impeachment Trial to begin in two weeks, 2/8. (NYT)
President Biden to continue signing Executive Order after Executive Order this week as well. (The Hill)
Microsoft (MSFT) cancels XBox Live Gold subscription cost after blow back. (Bloomberg)
Taiwan Semi (TSM) to make production of auto chips a priority. (Reuters)
Stock Index Trading:
Current through 1/25 close. Overall confidence moves from 97% to 93%.
Bold means a change from prior day.
Geopolitical:
The President and The Vice President receive the President’s Daily Brief, Oval Office, 9:30 a.m. EST
The President meets with The Vice President, the Secretary of Defense, and the Chairman of the Joint Chiefs of Staff, Oval Office, 11:30 a.m. EST
Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 1:00 p.m. EST
The President delivers remarks on strengthening American manufacturing and signs an executive order; The Vice President also attends, South Court Auditorium, 3:45 p.m. EST
Economic:
$60 Billion of 2 Year Notes auctioned at 1:00 p.m. EST.
Investor Meetings & Conferences of Note:
PASG (R&D Call) GEVO (Fireside Chat)
Sellside: JP Morgan Thailand Conference (1/25)
Industry Conferences:
M&A Activity:
TS Innovation Acquisitions (TSIA) and Latch to merge in a SPAC deal.
Foley Trasimene Acquisition Corp (WPF) and Alight Solutions (ALIT) to merge in a SPAC deal. Cannae Holdings (CNNE) will put $250 million into this deal.
Spartan Acquisition Corp (SPRQ) to merge with Apollo (APO) and will be called Sunlight Financial.
Upgrades & Downgrades of Note This Morning: Note that downgrades are increasing first two weeks of the year.
Friday Recommendations
