Market Tone:  Lots of back and forth the last couple of weeks after the initial bounce off the September lows. Expect volatility to continue into the election.

Capital Raises

IPOs Priced: None of note.

Secondaries Priced:  None of note.

Notes Priced of note:  None of note.

Common Stock filings: EDU EBON HYLN of note.

Selling Shareholders of note: EDU HYLN ACIU of note.

Mixed Shelf Offerings:  NWPX CODX AYI MBIO of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Earnings After The Close:

Beats:

None  of note.

Flat: 

Misses:

None of note.

News After The Close:

FAA says that the software fix by Boeing (BA) did not go far enough.

AstraZeneca (AZN) restarts its Covid-19 vaccine which is in Phase III Trial.

DiamondPeak Holdings completes combination with Lordstown Motors which will start to trade under ticker RIDE today.

Judge rejects the Department of Justice attempt to bar Apple (AAPL) and Google (GOOGL) from offering WeChat.

Johnson & Johnson (JNJ) restarts its Covid-19 vaccine which is in Phase III Trial.

CVS Health (CVS) and Walgreens (WBA) will offer Covid-19 vaccine for seniors.

Facebook (FB) demands NYU stop collecting data about Facebook’s political ad targeting practices.

Ratings agency affirms Greece, Netherlands and U.K. as stable while lowering Italy to negative.

Barron’s + on KO FB TWTW PINS SFM and cautious on M JWN KSS LEVI NKE SKX.

Dividend Increase: MWA

Dividend Suspended: 

Reinstates Or Initiates Buybacks: 

Guides Higher: 

Guides Lower:

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.

S&P 500 -39 Dow Jones Industrial Average -328  NASDAQ -119  Russell 2000 -17 . Fair values are higher.  Asia mixed and Europe lower. Current VIX is at 27.32 from 28.65. 3 month VIX Future is at 28.99 from 29.61.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $138.53 from $138.59 with yields at .809%.

Positive Sectors On Friday:  Communication Services, Consumer Cyclical and Financials of note.

Negative Sectors On Friday: None of note. 

One Month Winners: Utilities, Real Estate, Industrials and Materials of note.

Three Month Winners: Industrials, Consumer Cyclicals, Technology and Real Estate of note.

Six Month Winners: Consumer Cyclical, Technology, Materials and Industrials of note.

Twelve Month Winners: Technology, Consumer Cyclical and Healthcare of note.

Year to Date: Consumer Cyclical, Technology, Communication Services, Healthcare and Materials of note.

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

Today After The Close:  TWLO NXPI ARE BRO CINF PFG PKG CHGG FFIV AGNC CRSP ACC OMF TNET  of note.

Earnings This Morning Of Note

Beat:

AMG +0.42, SAP +0.40, HAS +0.27, CBU +0.16, OTIS +0.13, BOH +0.11, SMPL +0.04 of note.

Flat: 

Missed:

HCA (0.34), NRZ (0.05) of note.

Still To Report: KOP PETS

Erlanger Research Advance/Decline Line Chart –  Updated 10/23 Close. The  A/D line saw improvement on Friday. It will see weakness today. 

Rags & Mags: Highlighted Stories may be clicked through to the original story. 

Stocks Making The Biggest Moves – DNKN AZN HAS   (CNBC)

5 Things To Know Before The Market Opens Today. (CNBC)

Coronavirus update: U,.S. hits daily high in new cases. (CNBC)

Covid-19 cases hit new high since July.

Stimulus talk in theory are continuing, but not really. (CNN)

Vice President Pence’s Chief of Staff and four others on the staff have tested positive for Covid-19. Vice President and his wife have not. (NYT)

Republicans are strongly coming out for early voting and mail in balloting in Florida. (Politico)

Wisconsin Court blocks indoor restrictions. (ABC News)

Wisconsin, Michigan and Pennsylvania to decide the election. (The Washington Post).

Oxford Covid-19 vaccine is promising for older people. ( Financial Times).

Stock Index Trading

Current through 10/23 close.

Bold means a change from prior day.

Economic

September New Home Sales are due out at 10:00 a.m. EDT and is expected to rise to 1,022,000 from 1,011,000.

The latest NYSE and NASDAQ Short Interest Data is due out after the close and will review data from September 28th through October 13th when the S&P 500 rose 1.19%.

Geopolitical & Related

President Trump will hold a rally in Allentown, PA at 11:00 a.m. EDT.  Then holds another rally at 1:00 p.m. EDT in Lititz, PA.  Followed by a rally at 4:30 p.m. in Martinsburg, PA.

The Senate is expected to vote today on the next Supreme Court Justice Amy Coney Barrett.

ARAY  (Investor Day) JAZZ KOP  (Update)

Sellside Conferences: Credit Suisse TechFin and Telecom Virtual Conference (10/26-10/30)

Industry Conferences: OpenText World (10/26-10/29)

M&A

Dunkin Brands (DNKN) may go private through Inspire Brands. (CNBC)

Upgrades & Downgrades