CAPIS Morning Note -1/27/20 Coronavirus Continues to Gain Traction, Futures Crash. A Legend Passes.
IPOs on deck: None of note. IPOs Filed: None of note. Secondaries Priced: None of note. Notes Priced: None of note. Common Stock filings: NFH of note. Mixed Shelf Offerings: NFH FUL of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None of note. Missed: None of note. Hourly Action This…
IPOs on deck: None of note.
IPOs Filed: None of note.
Secondaries Priced: None of note.
Notes Priced: None of note.
Common Stock filings: NFH of note.
Mixed Shelf Offerings: NFH FUL of note.
Convertible Offering Files: None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
None of note.
None of note.
Hourly Action This Week: Updated 1/24
News After The Close (In Order of Time)
Fitch upgrades Greece’s Foreign Currency Issuer Default Rating to BB from BB-.
Kimberly Royalty Partners (KRP) lowers quarterly cash distribution to $0.38 from $0.42.
Former NBA Player Kobe Bryant and his daughter Giana were killed in a helicopter crash on Sunday.
Barrons’ + on CZR MGM ERI WYNN LVS DEAC RCL DE HP NFLX . – on WPP OMC IPG.
Notable Movers Up For The Week: CYH 30% EYE +12% TSLA +11% INTC +15% EHTH +27%.
Notable Moves Down For The Week: ARWR -21% HSC -16%.
Stock Repurchase Announcements: None of note.
Dividend Increases: YUM MPC of note.
Gap Higher: ACHN +16%, CERS +4%
Gap Lower: BZUN -7%, BIDU -6%, WB -6%, BABA -6%, MLCO -6%, VIPS -6%, LVS -6%, MGM -5%, NVDA -4%, STM -4%, MU -4%, TSLA -4%, UAL -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 -48 Dow Jones Industrial Average -426 NASDAQ -162 Russell 2000 -18.63. Fair values are lower. Asia mixed and Europe lower.
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 $130.73 from $129.72 with yields at 1.627% from 1.734%. Prices as of 8:15 a.m. EDT.
Positive Sectors On Friday: Utilities.
Negative Sectors On Friday: Healthcare, Services, Materials, Energy and Conglomerates 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:
ELS BRO PKI WHR GGG FFIV JNPR TCF CR ASH JJSF SSB WSBC SANM IBTX HTLF NBTB RMBS LRN of note.
Tuesday Before The Open:
PFE SAP UTX LMT MMM HCA PHG PCAR MKS NUE PHM LEA XRX ONR AOS ALV BPOP PII HOG GPK CIT POL FBP FBC of note.
Earnings This Morning Of Note
DHI +0.25, BOH +0.09, SSB +0.04, SKT +0.03 of note.
ARLP (0.02), ARNC (0.01) of note.
Still To Report: HMST, NWBI, SALT, S
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)
Five Things To Know Before Market Opens Monday. (CNBC)
Global markets in trouble today as Coronavirus spreads. (CNBC)
Chinese measures fail to slow Coronavirus. (Bloomberg)
Coronavirus cases in China hit 2,860 with 81 now dead. (CNBC)
Macau gaming visitors down 80% on Sunday. (Bloomberg)
Afghan Airlines passenger plane crashed in central Afghanistan, details few. (CNBC)
U.S. Corona cases now at 5 and expected to grow to more. (Bloomberg)
Abbvie (ABBV) HIV drug is being used to treat Coronavirus. (Reuters)
Stock Index Tracking
All stock indexes have improved recent weakness. Current through 1/24 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 1/24. 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 10.23%.
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 1/24.
Economic & Related:
December New Home Sales is due out at 10:00 a.m. EDT and is expected to rise to 725,000 from 719,000.
The latest NYSE and NASDAQ short interest data through January 15th settlement is due out after the close.
President Trump will meet with the Prime Minister of Israel at 11:00 a.m. EDT. Lunches with the Vice President at 1:15 p.m. EDT. Then participates with the swearing in of the Head of the Small Business Administration at 3:30 p.m. EDT.
$40 billion of 2 Year Notes to be auctioned at 1:00 p.m. EDT.
$41 billion of 5 Year Notes to be auctioned at 1:00 p.m. EDT.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: None of note.
Sellside Conferences: None of note.
Industry Conferences: Association for Research in Otolaryngology43rd Annual MidWinter meeting (1/25-1/29)
Upgrades & Downgrades