CAPIS Morning Note – 11/13/19 Markets Struggling Today In Front Of Lots of Events
IPOs on deck: Currently, none of note for this week. IPOs Filed: None filed after the close. Secondaries Priced: CDAY RNG of note. Notes Priced: None of note. Common Stock filings: BCRX RETA NXTC RNG TCON SWAV of note. Mixed Shelf Offerings filed: FCPT BSIG ESTA of note. Convertible Offering Files: CYBR of note. Senior Notes…
IPOs on deck: Currently, none of note for this week.
IPOs Filed: None filed after the close.
Secondaries Priced: CDAY RNG of note.
Notes Priced: None of note.
Common Stock filings: BCRX RETA NXTC RNG TCON SWAV of note.
Mixed Shelf Offerings filed: FCPT BSIG ESTA of note.
Convertible Offering Files: CYBR of note.
Senior Notes Filed: None of note.
Earnings After The Close:
HIIQ +0.34, RUN +0.19, CDLX +0.17, KWR +0.15, DDOG +0.14, HUYA +0.13, ADPT +0.11, APEI +0.11, HCAT +0.10, TWOU +0.09, YY +0.09, VRAY +0.08, OMER +0.08, MTSI +0.03, SWKS +0.02, VREX +0.02, CPRX +0.02, SSTI +0.01 of note.
BGNE (1.55), HTHT (0.47), BREW (0.25), ADT (0.23), TVTY (0.10), TLRY (0.06), HALO (0.05), CSIQ (0.02), SDC (0.02), CBPX (0.02), MCRN (0.02), SCSC (0.01) of note.
DOX of note.
Hourly Action This Week:
Updated through Monday’s close.
News After The Close (In Order of Time)
Amdocs (DOX) announces multi-tear deal with T-Mobile (TMUS) for pre-paid business.
Allegiant Travel (ALGT) sees October total passenger revenues miles up 4.0% year over year. September Load Factor was 83.1%.
Ring Central (RNG) issues 2.17 million shares to Avaya (AVYA) in strategic partnership.
S&P 600 will drop Dean Foods (DF) and replace with Kinsale Capital Group (KNSL).
Stock Repurchase Announcements: ADP
Early Morning Gap Up/Down: (>4% or <-4%)
Gap Higher: CDLX +25%, TWOU +15%, DDOG +13.7%, GOOS +9.5%, ADPT +6.3%, ADT +5.8%, TECD +4.4%, IO +4.3%,
Gap Lower: CPRX -11.4%, BCRX -8.9%, TSEM -9%, HALO -7.6%, HALO -7.6%, SWKS -6.4%, CSIQ -5.8%, SDC -4.8%, SSTI -4.7%, REPL -4.3%, SE -4.2%, HTHT -4.1%, TLRY -4%
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 -9 Dow Jones Industrial Average -86 NASDAQ -26 Russell 2000 -8 Fair values are lower. Asia and Europe are lower.
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $128.73 from $128.30 . Prices as of 8:30 a.m. EDT.
Positive Sectors On Tuesday: Conglomerates, Industrials and Consumer Goods of note.
Negative Sectors On Tuesday: Utilities and Materials of note.
One Month Winners: Healthcare, Industrials, Financials and Technology.
Three Month Winners: Industrials, Financials and Consumer Goods.
Six Month Winners: Utilities, Consumer Goods, Technology and Industrials.
Twelve Month Winners: Utilities, Technology, Industrials and Services.
Year to Date: Technology, Industrials, Consumer Goods, Services and Utilities.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close:
CSCO NTAP WUBA TTEK CPA BZH of note.
Thursday Before The Open:
WMT BAM NICE VIAB CGC WB RUBY of note.
Earnings This Morning Of Note
VIPS +0.64, MTOR +0.15, GOOS +0.14, ENR +0.12, FVRR +0.10, LK +0.06, SPB +0.01 of note.
BEST (0.07), TSEM (0.04) of note.
SSYS of note.
Still to Report:
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story: Existing tariffs now a roadblock to a U.S. and China Phase One Deal. (WSJ)
Five Things You Need To Know To Start Your Day. (Bloomberg)
Five Things To Know To Start Your Day. (CNBC)
Congress to extend government funding to 12/20 from 11/21. (The Hill)
President Trump to visit Apple facility in Texas next week with Apple (AAPL) CEO Tim Cook. (Reuters)
Nike (NKE) to stop selling products to Amazon (AMZN). (WSJ)
Google (GOOGL) collection of health data triggers a federal inquiry. (WSJ)
Google (GOOGL) to start offering checking accounts to consumers. (WSJ)
All stock indexes see the best possible strength. Current through 11/12.
Bold means a change from prior day.
The advance/decline line model is now a buy. Updated through 11/11. Year to date model up 11. 98% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy.
YTD 64% (+1% change week over week) of stocks are higher and 38% are lower. Updated through 11/8/19 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 11/12.
Economic & Related:
MBA Weekly Mortgage Applications rose 9.6% week over week.
Weekly API Petroleum Institute Data dueout at 4:30 p.m. EDT.
October CPI is due out at 8:30 a.m. EDT and came in at 0% last month and is expected to come in at 0.3%.
Federal Reserve Vice Chairman Richard Clarida speaks at 9;00 a.m. EDT.
Federal Reserve Chairman Jerome Powell begins two days of testimony before the House and Senate. Starts at 11:00 a.m. EDT before the Senate.
House Intelligence Committee start open hearings on impeachment today with William Taylor, top Ukraine diplomat, and George Kent, senior State Department official in charge of Ukraine.
Federal Reserve Richmond President Tom Barkin speaks at 12:30 p.m. EDT.
Federal Reserve Minneapolis President Neel Kashkari will speak at 2:00 p.m. EDT.
President Trump will host Turkish President Recep Erdogan at 12:00 p.m. EDT and then hold a press conference at 3:10 p.m. EDT.
Conferences & Analyst Meetings:
Company Analyst Meetings and Conference Calls: WOR QUOT (Investor Day)
Sellside Conferences: Credit Suisse Annual Healthcare Conference. (11/11-11/13). Citi Financial Technology Conference (11/12-11/13). Morgan Stanley Global Chemicals, Agricultural and Packaging Conference (11/12-11/13). Sandler O’Neill East Coast Financial Services Conference (11/13-11/15). Stephens Nashville Investment Conference (11/13-11/15). JP Morgan Ultimate Services Conference.
Industry Conferences: The American College of Rheumatology Annual Meeting (11/8-11/13). NaREITworld Investor Forum (11/12-11/14).
Compagnie de Saint-Gobain S.A. (CODYY) to buy Continental Building Products (CBPX) for $37.00 per share in cash.
Apollo Global Managment (APO) to buy Tech Data (TECD) for $130 a share.
Upgrades & Downgrades: Updated through 8:25 a.m. EDT