CAPIS Morning Note – 1/8/20 Futures Recover a 400 Point Loss On The Dow Overnight
IPOs on deck: None of note. IPOs Filed: None of note after the close. Secondaries Priced: NYMT SPNE ITCIPNM of note. Notes Priced: ADSK of note. Common Stock filings: SPNE RADA APLS PLMR PNM NYMT LK of note. Mixed Shelf Offerings: None of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial…
IPOs on deck: None of note.
IPOs Filed: None of note after the close.
Secondaries Priced: NYMT SPNE ITCIPNM of note.
Notes Priced: ADSK of note.
Common Stock filings: SPNE RADA APLS PLMR PNM NYMT LK of note.
Mixed Shelf Offerings: None 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 1/6
News After The Close (In Order of Time)
SeaSpine (SPNE) guides Q4 and 2020 revenues higher than expectations. Announces stock offering.
A10 Networsk (ATEN) gives upside guidance on Q4.
Saia (SAIA) names Douglas Col as CFO as of today.
Sprout Farmers Market (SFM) names Denise Paulonis as new CFO on 2/21.
Square (SQ) to charge 1.5% for same day transfer to bank account.
Sonos (SONO) files patent lawsuit against Alphabet (GOOGL).
Iran launched more than a dozen missiles at U.S. military bases on Iraq. President Trump notes “all is well”.
A Boeing (BA) 737-800 crashed on take off in Iran killing all on board, 175.
Stock Repurchase Announcements: None of note.
Dividend Increase: None of note.
Gap Higher: ATEN +6%.
Gap Lower: RADA -11%, LTHM -10%, LK -4%, SPNE -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 +5 Dow Jones Industrial Average -22 NASDAQ +12 Russell 2000 +2.19. Fair values are higher. Asia lower and Europe mixed.
Gold flat, silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $129.22 from $129.36 with yields at 1.823% from 1.80% . Prices as of 8:30 a.m. EDT.
Positive Sectors On Monday: Conglomerates and Real Estate of note.
Negative Sectors On Monday: Financials, Consumer Goods, Healthcare and Materials of note.
One Month Winners: Healthcare, Materials, Energy, Consumer Goods and Technology.
Three Month Winners: Healthcare, Consumer Goods and Technology.
Six Month Winners: Consumer Goods, Healthcare, Technology and Financials.
Twelve Month Winners: Technology, Industrials and Services.
Year to Date: Consumer Goods, Technology, Industrials, Technology, Services and Financials.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close:
None of note.
Thursday Before The Open:
Earnings This Morning Of Note
LEN +0.24, MSM +0.04, RPM +0.03 of note.
GBX (0.13), WBA (0.04) of note.
Still to Report: STZ, SCHN, UNF
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story:
Stocks making the biggest news. (CNBC)
5 Things To Know To Start Your Day. (Bloomberg)
5 Things To Know This Morning. (CNBC)
S&P Futures do a round trip overnight after Iran attack. (CNBC)
Iran retaliates against U.S. (Bloomberg)
President Trump to speak on the Iran attack this morning. (CNBC)
Iran Supreme Leader says attack was a “slap in the face” but not enough. (CNBC)
The Senate has the votes to move forward on Senate Impeachment Trial without calling new witnesses. (The Washington Post)
Carlos Ghosn former Nissan Chairman to speak on this escape from Japan. (Bloomberg)
Spotify (SPOT) to expand sports programs for podcasts. (Bloomberg)
Stock Index Tracking
All stock indexes remain strong but the 5 day moving averages have failed. Current through 1/7.
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 1/7. In 2019, the model up 16.48% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy and is up 9.88%.
YTD 65% (+1% change week over week) of stocks are higher and 35% are lower. Updated through 12/27 close.
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 1/7. Volatility is starting to rise.
Economic & Related:
Weekly API Petroleum Data saw a draw of 5.9 million barrels
MBA Mortgage Applications rose 13.5% from a drop of -3.5% last week.
December ADP Payroll is due out at 8:15 a.m. EDT and is expected to rise to 155,000 from 67,000.
Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.
$24 billion of 10 Year Treasury Note Auction.
President Trump will receive his intelligence briefing at 2:15 p.m. EDT. He is also expected to speak this morning on Iran’s attack, no specific time yet.
Federal Reserve Governor Lael Brainard to speak at 10:00 a.m. EDT.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: ANIK EXFO SLGL (Conference Call) COST (Monthly Sales Call)
Sellside Conferences: None of note. Morgan Stanley China New Economy Summit (1/6-1/8). Citi Global TMT West Conference (1/7-1/8). Keybanc Self Storage Investor Forum (1/7-1/8). Credit Suisse Annual Macro Conference (1/8). Credit Suisse ASEAN Conference (1/8-1/10).
Industry Conferences: Consumer Electronic Show (CES) (1/7-1/10)