• IPOs Priced or News:
  • ISEE: Pricing of Upsized Public Offering of Common Stock.. 9,000,000 shares @$16.75
  • UTRS: 6.25M share IPO priced at $12.00
• New SPACs launched: None of note.
• Secondaries Priced: None of note.
• Notes Priced of note:
  • FANG: Diamondback Energy, Inc. Completes Divestiture of Williston Basin Assets and Announces Notice of Redemption of $650 million of 0.900% Senior Notes due 2023
  • APG: Closing of $300 Million Senior Notes Offering
  • OFS:  OFS Capital Corporation Prices Public Offering of $50,000,000 4.95% Notes Due 2028
• Common Stock filings:
  • ISEE: Proposed Offering of Common Stock.. $125.0 million of shares.. MS, Cowen . Stifel and CS Bookmanagers
  • NRXP: Filed Form 424B3.. 8,757,258 Shares of Common Stock
  • LSEA: Filed Form 424B3.. 41,301,645 Shares of Common Stock 5,500,000 Warrants to Purchase Common Stock
  • BANX: At-the-Market Offering $30,000,000 of its common stock.. B.Riley bookmanager
• Pricing of Over-Allotment: None of note.
• Direct Offering: None of note.
• Selling Shareholders of note: None of note.
• Private Placement of Public Entity (PIPE): None of note.
• Mixed Shelf Offerings:  
  • RAD: Filed Form S-3ASR.. Mixed Security Shelf
• Convertible Offering & Notes Filed:  None of note.
• Note Offerings Filed:  None of note.

Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other sources.

News After The Close:

• After Hours:
  • Trading Up: MAT +5.2%, ATHA +4.9%, CE +2.8%, WSFS +2.7%, GBCI +2.6%,
  • Trading Down: MTCR -49.1%, SNAP -21.9%, CMBM -11.2%, INTC -8.6%, USX -8.6%, BOOM -8.2%, OZK -5.7%, MGNI -5.4%, TTD -5.3%, ISEE -4.8%, FB -4.4%, PUBM -4.2%, TWTR -4%, PINS -3.1%, ROKU -3%, GOOG -2.2%
• News Items:
  • Intel Earnings Beat Estimates. Why the Stock Is Falling. (Barron’s)
  • Snap shares drop 25% as revenue falls short, Apple privacy bites ads business (Reuters)
  • Facebook, Twitter and digital ad stocks drop sharply after Snap earnings (CNBC)
  • Fed cracks down on top officials’ trading in bid to end ethics scandal (Reuters)
  • CDC panel unanimously endorses Moderna and J&J Covid boosters, sending to director for final approval (CNBC)
• Dividend Announcements:
  • • IDA IdaCorp raises quarterly dividend to $0.75/sh from $0.71/sh
• Stock Split: None of note.
• Buyback Announcements: None of note.

What’s Happening This Morning: Futures value reflects the change with fair value.

S&P 500 +5 Dow Jones Industrial Average +81 NASDAQ -35 Russell 2000 +9 . Fair values are mixed. Asia mixed and Europe higher. VIX is at 18.68 from 19.64 in futures from yesterday. Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $130.05 with yields at 1.682% from 1.67% yesterday morning. Bitcoin at $63,373 up 0.21% in morning trading.

Wednesday’s Action – 10/21 Close:  

• Positive Sectors Thursday: Consumer Cyclical, Technology, Healthcare
• Negative Sectors Thursday: Energy, Basic Materials, Financials
• One Month Winners: Energy, Financials and Industrials of note.
• Three Month Winners: Energy, Financials, and Technology of note.
• Six Month Winners: Energy, Technology and Communication Services of note.
• Twelve Month Winners: Energy, Financials and Communication Services of note.
• Year to Date Winners: Energy, Communication Services, and Financials  of note.

Stocks were slightly up, lead by technology. Oil pulled back.  Updated 10/21 Close.

Upcoming Earnings Of Note: (sorted by market cap, highest to lowest with most visible names)

Gap Ups & Down In Early Pre-Market:

• Gap up:  ATHA +7.6%, MAT +6.3%, ARAY +3.4%, WSFS +2.8%, GBCI +2.7%
• Gap Down: MTCR -51.4%, SNAP -20.7%, CMBM -16.1%, BOOM -10%, INTC -9.8%, CRTO -8.4%, TTD -5.3%, MGNI -5.1%, TWTR -4.5%, USX -4.4%, FB -4.1%, SAM -4.1%, BJRI -3.9%

Insider Action: None of note today. No stocks sees Insider buying with dumb short selling and no smart short sellers with insider buys this morning. 10/21

Rags & Mags: Highlighted Stories may be clicked through to the original story.  Repeated stories from prior days never listed, i.e. “rehashed news”.

• Stocks Making The Biggest Moving – SNAP, INTC, ZM, SAM. (CNBC)
• Five Things To Know To Start Your Day. (Bloomberg)
• Five Things To Know This Morning. (CNBC)
• Here’s what worked the last time stagflation reared its ugly head, according to Goldman Sachs (Market Watch)
• China Evergrande Makes Overdue Interest Payment on Dollar Bonds, State Media Says (Wall Street Journal)
• 10-year Treasury yield tops 1.68% as investors digest jobless claims report (CNBC)
• Democrats remain divided over what goes in and out of the Budget Reconciliation Bill. Senator Kyrsten Sinema (D-AZ) favors revenue mechanisms to help pay for the bill. (Politico)
• President Biden may use the National Guard to help with supply issues. (WSJ)
• President Biden notes that U.S. would defend Taiwan from an attack by China. (Bloomberg)
• U.K. Health expert noted the rise of Covid-19 is due to heavier use of AstraZeneca (AZN) vaccine Pfizer or Moderna.
• Moderate Democrats against improvements to Medicare in the Budget Reconciliation Bill. (The Hill)
• Robinhood reports on Trump Media & Technology Group merging through a SPAC  Digital World Acquisition Corp (DWAC). Looks at Tesla (TSLA) profits.

Moving Average Update:

• Score at 100% unchanged. Updated 10/21 close.

Geopolitical: