Corporate Actions

IPOs on deck: Three IPOs on deck for this week.

IPOs Filed: None filed after the close.

Secondaries on deck:None of note.

Notes Priced: None of note.

Common Stock filings: AQN of note.

Mixed Shelf Offerings filed:  of note.

Convertible Offering Files:None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

None of note.

Missed:

None of note

Flat:

News After The Close: (In time order after the close)

Qiagen (QGEN) guides revenues lower. CEO Peter Schatz to leave.

Sterling Bancorp (STL) to buy $843 million portfolio from Santander Bank (SAN).

Arch Capital (ACGL) sees losses of $65-75 from catastrophe losses in Q3.

Hawaiian Holdings (HA) sees September traffic +3% year over year. Raises Q3 operating revenue.

Ambarella (AMBA) drops 9% as Department of Commerce blacklists their Chinese customer Hikvision.

Despite blacklisting story, President Trump says good chance of a a trade deal with China per CNBC.

Stock Repurchase: 

Dividend Increase: 

Early Morning Gap Up/Down: (>4% or <-4%)

Gap Higher: NIO +9%, HA +5%, HMY +5%

Gap Lower: QGEN -19%, DZSI -18%, AMBA -10%

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

S&P 500 -21 Dow Jones Industrial Average -192 NASDAQ -54 Russell 2000 -14 Fair values are flat. Asia mixed and Europe lower.

Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $131.80 from $131.78 with yields at 1.527%  from 1.534%. Prices as of 8:45 a.m. EDT.

Positive Sectors On Monday: None of note.

Negative Sectors On Monday: Technology, Healthcare and Services of note.

One Month Winners: Utilities, Consumer Goods, Materials and Financials.

Three Month Winners: Utilities and Consumer Goods.

Six Month Winners: Utilities, Consumer Goods and Financials.

Twelve Month Winners: Utilities, Technology, Consumer Goods and Financials.

Year to Date: Consumer Goods, Industrials and Utilities.

Hourly Action This Week:

Updated through Thursday close.

Courtesy of Quantitative Partners, Inc.

Upcoming Earnings Of Note (sorted by market cap, highest to lowest)

Today After The Close: None of note.

Wednesday Before The Open: None of note.

Earnings This Morning Of Note

Beat:

 HELE +0.28 of note.

Missed:

DPZ -0.03 of note.

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

Top Story: Department of Commerce adds 28 Chinese companies to blacklist, China to retaliate.

Wall Street Journal Lead Headline: GOP Allies Blast Trump on Syria Exit

Five Things You Need To Know To Start Your Day. (Bloomberg)

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

Stocks Making The Biggest Moves. (CNBC)

China may go home early from trade talks. (South China Morning Press)

China State Media and Ten Cent suspend preseason NBA games over comments on Hong Kong. (CNBC)

President Trump considering limits on Chinese stock ownership by U.S. government pension funds. (CNBC)

German Chancellor Merkel says Brexit deal impossible. (BBC)

U.S. and European regulators may further delay Boeing (BA) 737 Max 8 return to flight.

Data Points

Stock indexes improved on Friday. Current through 10/4.

Bold means a change from prior day.

The advance/decline line moved to a cash yesterday morning. Updated through Friday close. Year to date model up 8.73% on the S&P 500. 4 buy signals and 4 cash signals in 2019. The model is now in cash with a gain of 1.28% on the recent buy.

YTD 63% (-3% week over week) of stocks are higher and 37% are lower. Updated 9/27/19 close with next update on 10/4/19 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 Friday’s close.

Courtesy of Phil Erlanger Research, Inc.

The Value Lines may be accessed via Bloomberg. For a free trial if you ar a Bloomberg user go to APPS CS:ERLA

Economic & Related:

September PPI is due out at 10:00 a.m. EDT and is expected to remain at 0.1%.

API Petroleum Institute Data is due out at 4:30 p.m. EDT.

Geopolitical:

President Trump will attend  press conference with Custom and Border Protection’s Mark Morgan, lunch with the vice president, receive his intelligence briefing and give the Presidential Medal of Honor  to Edwin Meese.

Federal Reserve Chairman Jerome Powell speaks at 2:30 p.m. EDT.

$38 billion of 3 Years auctioned at 1:00 p.m. EDT

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls:  FEYE (analyst day)  (R&D Day)

Sellside Conferences: Chardan Annual Genetic Medicines & Therapy Conference.

Industry Conferences: FireEye (FEYE) Cyber Defense Summit (10/7-10/10). Annual Cytometry Meeting (10/5/-10/8). World Congress of the International Cartilage Regeneration and Joint Preservation Society(10/5/-10/8). International Congress on Applications of Lasers and Electro-Optics (10/7-10/10).

M&A Activity:

Upgrades & Downgrades: