IPOs on deck: Black Diamond Therapeutics (BDTX) of note.
IPOs Filed: None of note.
Secondaries Priced: GO ALEC ALBO ESTA DBVT of note.
Notes Priced: DCOM of note.
Common Stock filings: DBVT SELB ALBO of note.
Mixed Shelf Offerings: GOOD ORC UTI WFC of note.
Convertible Offering Files: of note.
Senior Notes Filed: None of note.
Earnings After The Close:
Beat:
CMPR +4.57, TSLA +1.53, LRCX +0.87, MTH +0.73, ADM +0.69, MLNX +0.61, QRVO +0.51, CACI +0.33, URI +0.29, CRUS +0.27, MSFT +0.24, MEOH +0.17, DLB +0.15, ALGN +0.13, ILMN +0.12, LVS +0.10, NOW +0.09, LM +0.08, MUSA +0.08, KLIC +0.07, TTEK +0.07, MAA +0.04, ESS +0.03, FBHS +0.03, PYPL +0.03, CLS +0.03, AGNC +0.02, BDN +0.01, CNMD +0.01, CLB +0.01, DRE +0.01, MDLZ +0.01, PKG +0.01 of note.
Missed:
ENVA (0.16), LSTR (0.15), AZPN (0.14), AXS (0.10), ALGT (0.10), AMP (0.05), VAR (0.04), FB (0.02), IEX (0.02), ISBC (0.01), EGOV (0.01), SEIC (0.01) of note.
Flat:
AX +0.00, CREE +0.00, HOLX +0.00, LLNW +0.00
Hourly Action This Week: Updated 1/28
News After The Close (In Order of Time)
Realty Income (O) announces that CFO Paul Meurer to leave.
Anika Therapuetics (ANIK) CEO Joseph Darling has died.
Leidos (LDOS) wins FAA contract worth $450 million over 2 years.
Delta Airlines (DAL) to cut weekly flights to CHina by 50% starting 2/6.
CDC says no new Coronavirus cases in the U.S.
Index Changes see DAR to join S&P 400, RUN to join S&P 600 prior to open on 2/4.
Stock Repurchase Announcements: ICBK FB
Dividend Increases: LVS EGOV AJG CWT AIV CVX EVA FIBK FCBC ISBC SCHW SJW
Gap Higher: TSLA +10%, RUN +9%, QRVO +8%, MTH +7%, LRCX +7%, NOW +6%, CMPR +6%, CRUS +6%, LLNW +5%, DLB +5%, ENVA +4%, GFI +4%
Gap Lower: LSTR -13%, FB -7%, ALGN -6%, DD -6%, AZPN -6%, IEX -5%, IEX -4%, ILMN -4%, CREE -4%, PKG -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 +18 Dow Jones Industrial Average +132 NASDAQ +72 Russell 2000 +13.86. Fair values are lower. Asia mostly lower and Europe mixed
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $131.22 from $130.72 with yields at 1.575% from 1.63%. Prices as of 8:25 a.m. EDT.
Positive Sectors On Wednesday: Industrials and Utilities of note.
Negative Sectors On Wednesday: Materials, Energy and Technology of note.
One Month Winners: Conglomerates, Utilities, Technology and Consumer Goods.
Three Month Winners: Healthcare, Consumer Goods and Technology.
Six Month Winners: Consumer Goods, Utilities, Healthcare, Technology, Industrials and Financials.
Twelve Month Winners: Consumer Goods,Technology, Utilities, Industrials and Services.
Year to Date: Conglomerates, Utilities, Technology, Consumer Goods and Industrial Goods.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close:
AMZN V AMGN VRTX EW EA RMD WDC AJG CE WYNN OTEX FICO of note.
Friday Before The Open:
XOM CVX HON CHTR CAT CL ITW AON PSX JCI LYB IDXX WY IMO of note.
Earnings This Morning Of Note
Beat:
NOC +0.89, VLO +0.52, BIIB +0.44, PH +0.27, SF +0.27, ALXN +0.25, CNXM +0.23, LLY +0.21, CTVA +0.19, NTCT +0.15, MDC +0.15, APTV +0.13, TFC +0.11, LAZ +0.09, DOV +0.09, ABC +0.09, MSCI +0.08, MTOR +0.07, BC +0.07, DGX +0.07, IP +0.06, RTN +0.05, ROP +0.05, XEL +0.05, WEC +0.05, BX +0.05, CMS +0.04, FLWS +0.04, HSY +0.04, DHR +0.03, TMO +0.03, MMC +0.01 of note.
Flat:
KIM +0.00, KO +0.00, DD +0.00, MO +0.00, UPS +0.00
Missed:
CNX (1.43), RFP (0.27), WRLD (0.19), SPB (0.13), SHW (0.11), APO (0.11), BGG (0.07), ADS (0.05), EPD (0.04), VZ (0.02), WCC (0.02), MUR (0.01), RDS.A (0.01), AXTA (0.01), KEX (0.01), WRK (0.01), MNRO (0.01), MIXT (0.01) of note.
Still To Report:
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 Wednesday. (CNBC)
World Health Organization (WHO) may issue a global alarm on Coronavirus. (Bloomberg).
Chinese Economist see a hit to China GDP by 1-5%.
Bank of England leaves rates alone but warns on Brexit risk. (CNBC)
Coronavirus update. (Bloomberg)
Three Democratic Senators may vote to acquit President Trump. (Politico)
Eli Lilly (LLY) and Incyte (INCY) announce that baricitinib met primary endpoint in BREEZE-ADS.
Apple (AAPL) and Boradcom (AVGO) hit with $1.1 billion judgement on patent infringement related to Wi-Fi. (Bloomberg)
Southwest (LUV) flew planes with unconfirmed maintenance records. (WSJ/CNBC)
Altria (MO) to take a $4.1 billion charge on Juul. (CNBC)
Stock Index Tracking
All stock indexes in trouble. Current through 1/29 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 1/29. In 2019, the model was 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 1/29.
Economic & Related:
Weekly Jobless Claims due out at 8:30 a.m. EDT.
Q4 GDP out at 8:30 a.m. EDT. Came in at 2.1%.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
Geopolitical:
President Trump will hold a press briefing at 10:00 a.m. then fly to Michigan to celebrate USMCA with workers at 4:20 and finally head to Des Moines for a Keep America Great rally at 8:00 p.m. EDT.
The Bank of England left rates unchanged.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: EAST PLUG (Conference Call)
Sellside Conferences: CIBC Annual Western Instiutional Investor Conference (1/28-1/31).
Industry Conferences: DesignCon 2020 (1/28-1/30).
M&A Activity
IDEX Corp (IEX) to buy Flow Management Devices for $125 in cash.
AMN Healthcare (AMN) to buy Stratus Video for $475 million.
Xerox (XRX) buys Arena Group, no terms.
Upgrades & Downgrades
