• IPOs Priced or News:
  • CDRE: Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
  • TYTP TypTap Insurance Group (NYSE) files S-1 for IPO; size and pricing not yet determined
• New SPACs launched: None of note.
• Secondaries Priced:
  • HTZZ  Hertz prices 44.52 million at $29 a share.
  • PLYA Playa Hotels & Resorts prices 8.35 million at $8.35 for selling shareholders
  • TALO Talo Energy prices 6 million shares.
• Notes Priced of note:
  • NVT nVent Pricing $300 Million Senior Notes Offering
  • SAFE: Pricing of $350 Million of 2.850% Senior Unsecured Notes Due 2032
  • CYRX: Proposed Convertible Senior Notes Offering
• Common Stock filings/Notes:
  • KNBE: Launch of Proposed Follow-On Offering by Selling Stockholders.. MS, GS, BAC and KKR Bookmanagers
  • TALO: Secondary Public Offering Of Common Stock.. 6,000,000 shares.. JPM Underwriter 
  • FA: Secondary Offering of Common Stock .. 15,000,000 shares.. BCS and BAC Bookmanager
  • HL: Filed Form S-3ASR.. 1,000,000 Common Stock 
  • EWCZ: Launch of Public Offering of Class A Common Stock.. 5,216,977 shares.. MS, BAC and Jefferies bookmanager
  • MASS: Launch of Public Offering.. 2,750,000 sharesCowen and Leerink bookmanagers
  • PLYA: Secondary Offering of 8,352,553 Ordinary Shares by Selling..  BAC Underwriter
  • APR: Launch of Secondary Offering of Common Stock.. 4,500,000 shares
  • SITM: Launch of Follow-on Public Offering.. 2,000,000 shares .. BCS, CS and Stifel bookmanagers
  • KDNY: Proposed Public Offering of Common Stock.. 6,000,000 shares..Leerink and Evercopre bookmanagers
  • DSEY – Diversey Announces Proposed Public Offering of Ordinary Shares
  • IEA, SDIG, HTZZ
• Pricing of Over-Allotment: None of note.
• Direct Offering:
  • CYRX: Registered Direct Placement of Common Stock.. Jefferies and Leerink bookmanagers
• Selling Shareholders of note:
  • PING: Offering of Common Stock by Selling Stockholders.. 10,000,000 shares// MS Underwriter 
• Private Placement of Public Entity (PIPE): None of note.
• Mixed Shelf Offerings: None of note.
• Convertible Offering & Notes Filed: None of note.
• Note Offerings Filed: 
  • FOSL: Closing of $150 Million Offering of Senior Notes Due 2026, Including Full Exercise of Underwriters’ Option
  • NOG: Proposed Private Offering of $200 Million of Additional 8.125% Senior Notes Due 2028
  • AMAL: Closing of $85 Million Subordinated Notes Offering
  • AMRS Amyris to offer $400 mln in convertible senior notes due 2026

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: RBLX +30%, NEWR +13%, REAL +12%, ACAD +10%, MRTX +9%, FIVN +8%, SQSP +7%, ATCO +5%, ZNGA +4%
  • Trading Down: AMRS -25%, SDC -23%, NVTA -13%, FRPT -11%, NVRO -11%, TRIP -8%, DDD -8%, MRC -7%, OSH -6%, SANM -6%, NEX -5%, VUZI -5%, SWAV -4%, NCMI -3%, CBT -3%

• News Items:
  • Stocks making the biggest moves afterhours: HOOD, TRIP, PYPL (CNBC)
  • HOOD Robinhood Markets announces that an unauthorized third party obtained access to a limited amount of personal information for a portion of its customers
  • Several firms get approval for NY Book – CZR, WYNN and BALY as well as MGM and others
  • AMC says all of its domestic theaters are open as well as 90% of its international theaters.
  • Assets Under Mgmt (AUM) updates CNS
  • Vimeo (VMEO) sees October metrics sees Subscribers up 12% and ARPU up 13%.
  • TRIP: Tripadvisor Co-Founder and CEO Announces Plans for Departure in 2022
  • DASH DoorDash: NYC law will require delivery services to pay for costs related to driver accidents, according to NY Post
  • Federal Reserve releases latest Financial Stability Report
  • The Fed warns of social media ‘echo chambers’ that pump up meme stocks. (New York Times)
  • Goldman Bets That Fears of Chinese Real Estate Debt Are Overdone (Bloomberg)
• Dividend Announcements:
  • IGT Intl Game Tech. PLC reinstates dividend
• Stock Split: None of note.
• Exchange/Listing News: None of note.
• Buyback Announcements:
  • STN Stantec announces renewal of automatic share purchase plan
  • SFTBY Softbank announces 250 mln share repurchase program

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

S&P 500 -3.50 Dow Jones Industrial Average -72 NASDAQ +21 Russell 2000 -7.34. Asia mixed and Europe higher. VIX is at 18.65 from 18.03 in futures from yesterday. Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $131.55 from $131.56 with yields at 1.464% from 1.481% yesterday morning. Bitcoin at $67,586 from $65,861  yesterday morning up 2.45% in early morning trading. As of  8:15 a.m. EST.

Monday’s Action – 11/08 Close:  

• Daily Positive Sectors: Basic Materials, Technology, Energy, Health Care, Financial, Industrials.
• Daily Negative Sectors: Utilities, Consumer Defensive, Consumer Cycilical
• One Month Winners: Consumer Cyclical, Technology, Industrials of note.
• Three Month Winners: Energy, Consumer Cyclical, and Technology of note.
• Six Month Winners: Technology Communication Services, Consumer Cyclical of note.
• Twelve Month Winners: Energy, Financials and Technology of note.
• Year to Date Winners: Energy, Technology, and Communication Services  of note.

Stocks were flat to a touch higher with UNG in commodities still trading with daily wide ranges. Updated 11/08 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: NEWR+30%,TDUP+24%,RBLX+23%,REAL+16%,PVG+15%,FIVN+10%,MRTX+9%,VGR+8%,MILE+8%,ZNGA+6%,ROVR+6%,ATCO+5%,ACAD+5%,SWAV+5%,VUZI+4%,IPAR+4%,HUYA+3%,TREX+3%,BKI+3%,FSK+3%
• Gap Down: AMRS -26%, SDC -21%, FRPT -16%, NVTA -12%, APR -9%, MWA -8%, FA -8%, ALKS -8%, DSEY -8%, EWCZ -8%, DDD -8%, TRIP -8%, SANM -7%, ALLT -7%, OSH -6%, CBT -6%, NVRO -5%, MASS -5%, KDNY -5%, NEX -5%, AMC -5%, KNBE -5%, SITM -4%, PING -4%, CYRX -4%, PYPL -4%, JKHY -4%, CSII -3%, DMS -3%, WPRT -3%, LMND -3%, HOOD -3%, IEA -3%

Insider Action: PCO sees Insider buying with dumb short selling and no stock has smart short sellers with insider buys. 11/08 close

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

• Five Things To Know To Start Your Day. (Bloomberg)
• Stocks Making The Biggest Moves: GE, PLTR, PYPL . (CNBC)
• White House tells businesses to proceed with vaccine mandate despite 5th Circuit Court stay. (CNBC)
• President Biden interviewed Federal Reserve Governor Lael Brainard for the Chairman position. White House told Senate Banking Committee members that Current Chairman Powell may be out. (Bloomberg)
• Boeing (BA) sees 11,000 workers requesting exemption from vaccine mandate (Reuters)
• Macy’s (M) ups minimum wage to $15 an hour (Reuters)
• HAE Haemonetics CFO to retire
• EVgo (EVGO) and General Motors (GM) expand collaboration on charging buildout.
• Robinhood looks at the Billionaire Tax Debate. $1 billion Infrastructure Bill was the appetizer now comes the Budget Reconciliation Bill.

Moving Average Update:

• Score remains at 100%. Updated 11/08 close.

Geopolitical: