• IPOs Priced or News:
  • CNTX: Closing of Initial Public Offering, Including Full Exercise of Underwriter’s Over-allotment Option
  • SDIG: Closing of Initial Public Offering, Including Full Exercise of Underwriters’ Option to Purchase Additional Shares of Class A Common Stock
  • Allbirds Announces Launch of Initial Public Offering
• New SPACs launched: None of note.
• Secondaries Priced: None of note.
• Notes Priced of note:
  • BTU: Announces Offer To Purchase Up To $15.842 Million In Aggregate Accreted Value Of Its 8.500% Senior Secured Notes Due 2024
• Common Stock filings/Notes:
  • DRIO DarioHealth files for $200 mln common stock offering
  • ASTR Astra Space says there were errors in the co’s accounting for its convertible preferred stock — 8K filing
  • NLSP: Filed Form F-1.. 2,680,211 Common Shares
  • TMC: Filed Form 424B3.. Up to 264,438,297 Common Shares Up to 9,500,000 Warrants
• Pricing of Over-Allotment: None of note.
• Direct Offering: None of note.
• Selling Shareholders of note:
  • BCAB BioAtla files for 2,678,600 share common stock offering by selling shareholders
  • BHIL Benson Hill files for 89,628,274 share common stock offering by selling shareholders
  • ONDS Ondas Holdings files for 8,315,630 share common stock offering by selling shareholders
• Private Placement of Public Entity (PIPE): None of note.
• Mixed Shelf Offerings:  
  • HON Honeywell files mixed securities shelf offering
  • NLS Nautilus files for $100 mln mixed securities shelf offering
  • NURO: Filed Form S-3.. $50,000,000 Mixed Shelf
• Convertible Offering & Notes Filed:
  • C: Citigroup Announces $2.55 Billion Redemption of 2.900% Notes due 2021 and $750 Million Redemption of Floating Rate Notes due 2021 
• 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:

• News Items:
  • Dow just bagged its first record close since Aug. 16 as Powell says U.S. might see ‘maximum employment’ in 2022 (Market Watch)
  • Gold’s Inflation-Haven Appeal Means ‘Violent’ Run-Up May Be Ahead (Bloomberg)
  • Procter & Gamble, Zillow, WeWork: Stocks That Defined the Week (Wall Street Journal)
  • Supply chain experts weigh in on causes, solutions for backlog (Fox Business)
  • Barron’s:
    • Positive View CHK, HPQ, MSFT, AATVI, EA, TTWO, SONY
    • Negative View: BITO, BTF, FB, GOOG, AAPL, AMZN
• Dividend Announcements:
  • WES Western Midstream increases its Q3 dividend 1.3% compared to the prior quarter’s dividend
  • MWA Mueller Water increases quarterly dividend by 5.5% to $0.058/share from $0.055/share
  • FBP First Bancorp increases quarterly cash dividend to $0.10/share from $0.07/share
  • MWA: Mueller Water Products Increases Quarterly Dividend
  • SJM: The J.M. Smucker Co. Declares Dividend
  • ARLP – Alliance Resource Partners, L.P. Doubles Quarterly Cash Distribution to $0.20 Per Unit
  • AHH Armada Hoffler Properties increases quarterly dividend 6.25% to $0.17/share
• Stock Split: None of note.
• Buyback Announcements:
  • SJM J.M. Smucker increases share repurchase authorization by 5 mln shares for a current total of about 7.8 mln

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

S&P 500 +6 Dow Jones Industrial Average +14 NASDAQ +44 Russell 2000 -1. Fair values are mixed. Asia mixed and Europe mixed. 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 higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $130.39 from $130.05 with yields at 1.665% from 1.682% Friday morning. Bitcoin at $62,711 from $63,373 on Friday morning up 3.71% in early morning trading. As of 8:05 a.m. EDT.

Wednesday’s Action – 10/22 Close:  

• Positive Sectors Friday: Financial, Consumer Defensive, Real Estate
• Negative Sectors Friday: Communication Services, Consumer Cyclical, Technology
• One Month Winners: Energy, Financials and Industrials of note.
• Three Month Winners: Energy, Financials, and Technology of note.
• Six Month Winners: Energy, Technology and Financials of note.
• Twelve Month Winners: Energy, Financials and Communication Services of note.
• Year to Date Winners: Energy, Financials, and Communication Services  of note.

Stocks were slightly down by technology pulling back.  TLT jumped over a percent along with USO and UNG.  Updated 10/22 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: BRPM +17.8%, PYPL +6.8%, APEN +4.3%, PHUN +3.3%, BHIL +2.8%, HUT +2.8%
• Gap Down: ERYP -33%, PINS -11.6%, DRIO -5.4%, TPTX -2.1%

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. 10/22

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 – PINS, TSLA, KMB, FB, OTIS. (CNBC)
• Five Things To Know To Start Your Day. (Bloomberg)
• Five Things To Know This Morning. (CNBC)
• Facebook (FB) internal documents say employees raised concerns about election misinformation (NY Times)
• Tesla hikes price of Model X, Model S variants by $5,000 (Reuters)
• Tech will dominate this week, but here’s one up-and-coming sector investors shouldn’t overlook (Market Watch)
• Facebook, Alarmed by Teen Usage Drop, Left Investors in the Dark (Bloomberg)

Moving Average Update:

• Score at 96% from 100% as NDX 5 Day MA slips below. Updated 10/22 close.

Geopolitical: