CAPIS Morning Note – 1/28/21: VIX At 37.21 Third Highest Increase Ever, Futures Rebound For Now
Covid-19 Statistics: Total Cases 25,230,559 from 25,078,884 Deaths 419,634 from 415,557 New Tests 1,627,862 from 1,694,608 New Cases 151,675 from 143,745 with positivity rate of 9.3% (up 0.9) Daily Deaths 4,077 Current Hospitalizations 107,444 from 108,950 Capital Raises: IPOs Priced or News: Secondaries Priced: None of note. Notes Priced of note: None of note. Common Stock filings:…
Covid-19 Statistics:
Total Cases 25,230,559 from 25,078,884
Deaths 419,634 from 415,557
New Tests 1,627,862 from 1,694,608
New Cases 151,675 from 143,745 with positivity rate of 9.3% (up 0.9)
Daily Deaths 4,077
Current Hospitalizations 107,444 from 108,950
Capital Raises:
IPOs Priced or News:
Secondaries Priced: None of note.
Notes Priced of note: None of note.
Common Stock filings: None of note.
Selling Shareholders of note: None of note.
Mixed Shelf Offerings: None of note.
Convertible Offering Files: None of note.
Summary From The Trade Exchange bringing traders and investors real time news and Squawk Box.
Earnings Out After The Close Of Note:
Beats: LRCX +1.57, AZPN +0.84, URI +0.78, CCI +0.78, SLM +0.78, HOLX +0.72, FB +0.64, MTH +0.61, CACI +0.57, RJF +0.56, MKSI +0.32, PTC +0.31, AAPL +0.27, SYK +0.26, WHR +0.23, LSTR +0.21, TTEK +0.15, CATY +0.13, NOW +0.11, TER +0.09, AVT +0.09, CNS +0.09, AXS +0.08, RLI +0.08, SEIC +0.07, XLNX +0.06, LEVI +0.05, ISBC +0.05, CP +0.04, CNMD +0.04, CALX +0.04, NXGN +0.03, CVBF +0.03, CLB +0.02, CREE +0.01, DRE +0.01
Flat: MEOH +0.00, SLG +0.00, SSB +0.00
Misses: TSLA (0.23), PKG (0.15), EW (0.03), LVS (0.03), AMP (0.01)
Erlanger Valuelines: There is still some volatility in the market day to day.
Hourly Action
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 +28 Dow Jones Industrial Average +227 NASDAQ +62 Russell 2000 +33. Fair values are lower. Asia lower and Europe mixed. VIX is at 29.85 from 26.85 this morning in futures. VIX closed at 37.21 from 23.02 and the three month futures at 35.73 from 26.89.
Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $137.52 from $137.48 with the yield at 1.04% from 1.014%.
Positive Sectors On Wednesday: None of note.
Negative Sectors On Wednesday: Communication Services, Materials, Healthcare and Financials 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: V, MDLZ, TEAM, RMD, SWKS, AJG, WDC, CE, PFG, EMN, FICO, DLB, DECK, JNPR of note.
Friday Before the Open: LLY, CVX, SAP, HON, CHTR, CAT, CL, ROP, ERIC, LHX, JCI, PSX, LYB, WY of note.
Earnings This Morning Of Note:
Beats: ADS +0.89, NOC +0.88, CNX +0.72, HZO +0.48, BPOP +0.47, LUV +0.39, FLWS +0.32, VLO +0.32, TROW +0.30, BC +0.30, SWK +0.27, AAL +0.27, SHW +0.24, AIT +0.21, DHR +0.21, EXP +0.20, DOV +0.17, AOS +0.16, DOW +0.14, KEX +0.14, MMYT +0.13, NTCT +0.13, UBSI +0.13, JBLU +0.13, MSCI +0.10, PHM +0.09, CMCSA +0.08, WRK +0.07, STM +0.07, PNR +0.07, ABMD +0.07, MMC +0.07, MTSI +0.04, XEL +0.03, RCI +0.02, MUR +0.02, ATI +0.02
Flat: none
Misses: TSCO (0.36), MKC (0.10), MCD (0.07), MO (0.03), FCFS (0.01)
Still to Report: CRS, COLB, CFR, EWBC, FLEX, GATX, MA, NUE, NVR, ORI, OSIS, VLY
Erlanger Research Advance/Decline Chart – Updated 1/27 Close.
Gap Ups & Down In Early Pre-Market:
Gap up:
PSAC +30%, GME +26%, GNCA +26%, AFG +22%, HOLX +8%, STM +7%, BBW +7%, EXTR +6%, DEO +5%, AGTC +5%, NG +4%
Gap down:
ZYME -24%, AXDX -16%, PWFL -10%, SUNW -10%, SRGA -10%, PUK -7%, CREE -6%, MTH -6%, TSLA -5%, OBSV -5%, WHR -5%, LEVI -5%, ASO -4%, AIRG -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 – AAL GME AAPL (CNBC)
Biggest Analyst Calls of The Day – GME WEN BBBY (CNBC)
Covid Update – Southwest Airlines loses money for the first time since 1972. (CNBC)
Stock Index Trading:
Current through 1/27 close. Overall confidence moves from 83% to 50%.
Bold means a change from prior day.
Geopolitical:
The President and The Vice President receive the President’s Daily Brief, Oval Office, 9:45 a.m. EST
The President signs executive actions strengthening Americans’ access to quality, affordable health care; The Vice President also attends, Oval Office, 1:30 p.m. EST
Press Briefing, Press Briefing by Press Secretary Jen Psaki, 2:30 p.m. EST
Economic:
The latest NYSE and NASDAQ Short Interest is out through settlement of January 15th. During the collection period, the S&P 500 rose by 2.20% while the Russell 200 rose by a whopping 7.79%. NYSE rose 1.83% and NASDAQ 0.44%.
Weekly Jobless Claims are due out at 8:30 a.m. EST.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EST.
$62 Billion of 7 Year Notes auctioned at 1:00 p.m. EST.
APLS (Investor Meeting) FLR ACIW (Update) TSK HCKT (Webcast) HPE (Fireside Chat)
Sellside: TD Mining Conference (1/27-1/28) B. Riley Vision Day (1/28)
Industry Conferences: World Conference on Lung Cancer (1/27-1/31)
M&A Activity:
Upgrades & Downgrades of Note This Morning: Note that downgrades are increasing first two weeks of the year.
Wednesday Recommendations
