• IPOs Priced or News:
  • Sweetgreen (SG) prices 13 mln share IPO at $28.00 per share
  • Redaptive files for IPO
• New SPACs launched:
  • Blue Safari Group Acquisition (BSGA) to take Bitdeer Technology public, values Bitdeer at $4 billion
• Secondaries Priced:
  • Clover Health (CLOV)
  • CTOS: Pricing of Secondary Offering of Common Stock .. 12,322,975 shares @$8.50
  • CERT: Pricing of Public Offering of Common Stock .. 10Million @$31
  • DH: Pricing of Follow-On Offering of 11,000,000 Shares of Class A Common Stock..@$36
  • DV: Pricing of Secondary Offering .. 8M @$31.25
  • MITT: Pricing of Public Offering of Common Stock.. 7Million @$10.25
  • NOG: Pricing of Public Offering of Common Stock.. 10Million @$20
  • VCTR: Pricing of Secondary Offering .. 4Million @$34
• Notes Priced of note:
  • HTZ: Pricing of $1.5 Billion Private Offering of Senior Notes by The Hertz Corporation
• Common Stock filings/Notes:
  • CBAY: Proposed Public Offering of Common Stock and Pre-Funded Warrants.. Piper and RJ Bookmanagers
  • FRLN: Filed Form 424B5.. Up to $75,000,000 ADS
  • KHC: Secondary Offering of Common Stock.. BAC Underwriter
  • LTRX: Proposed Public Offering of Common Stock.. Canaccord and Hallum bookmanager
  • SJW
• Pricing of Over-Allotment: None of note.
• Direct Offering: None of note.
• Selling Shareholders of note: None of note.
• Private Placement of Public Entity (PIPE): None of note.
• Mixed Shelf Offerings:
  • CELC: Filed Form S-3.. $150Million Mixed Shelf
• Convertible Offering & Notes Filed: 
  • BILI: Bilibili Inc. Announces Proposed Offering of US$1,400 Million Convertible Senior Notes
  • STEM
  • AFRM Affirm Announces Proposed Offering of US1.25 Billion Convertible Senior Notes
• Note Offerings Filed: 
  • CAMT: Proposed Private Offering of $140 Million of 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: IIIV +13%, VSCO +12%, THRY +10, NVDA +4%, BBBY +4%, SAND +3%
  • Trading Down: LTRX -11%, CSCO -6%, CAMT -6%, ZTO -6%, MAXN -5%

• News Items:
  • Stocks making the biggest moves after hours: NVDA, CSCO, VSCO (CNBC)
  • U.S. Release Of Oil From Reserve Needs To Be More Than 20 Mln-30Mln Barrels To Get Message To OPEC – (Reuters)
  • Federal Reserve Chicago President Charles Evans We are waiting for price pressure to subside, which will take longer.  Won’t be surprised with 4.5% jobless rate at year end.  Will take until middle of next year to complete bond-buying taper – at that point will be thinking about when to raise rates
  • The F.D.A. could authorize Moderna (MRNA) boosters for all adults as early as this week (New York Times)
  • Nvidia (NVDA) forecasts upbeat revenue on data center chip demand but chips to crypto miners were weaker than expected (Reuters)
• Stock Split:
  • BIOLASE (BIOL) Urges Stockholders to Vote Now “FOR” Reverse Stock Split.
• 13F Filing: None of note.
• Exchange/Listing News:
  • Thryv (THRY) to join S&P SmallCap 600, effective prior to the open on November 24
• Buyback Announcements:
  • ATHM 200 Million Share Repurchase Program
  • Group 1 Auto (GPI)
  • Hyzon Motors (HYZN)
  • Merchants Bancorp (MBIN) Announces Renewal of Stock Repurchase Program
  • Primerica (PRI)
  • The Children’s Place (PLCE) to repurchase up to an additional $250 Million of stock
  • Sonos (SONO) Announces $150 Million Stock Repurchase Program and Completion of Previous Stock Repurchase Program
  • Yatsen (YSG) Announces US$100 Million Share Repurchase Program
• Dividends Announcements:
  • Agilent (A) Increases Dividend
  • Group 1 Auto (GPI)
  • Kite Realty (KRG) Increases Dividend
  • Matthews International (MATW) Increases Quarterly Dividend
  • NOV Inc. (NOV)
  • Tetra Tech (TTEK) Increase Dividend
  • Wyndham Hotels and Resorts (WH) Increases Dividend

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

S&P 500 +13 Dow Jones Industrial Average ++37 NASDAQ +90 Russell 2000 -3. Asia and Europe mixed. VIX is at 20.11 from 19.98 in futures from yesterday. Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs China, higher vs Aussie Dollar and lower vs Yen. US 10 year Treasury price is at $130.48 from $130.11 with yields at 1.601 from  1.644%  yesterday morning. Bitcoin at $60,295 from $60,093 yesterday morning up 1.17% in early morning trading. As of 8:13 a.m. EST.

Wednesday’s Action – 11/17 Close:  

• Daily Positive Sectors: none of note.
• Daily Negative Sectors: Energy, Financial, Industrial, Consumer Cyclical, Basic Materials of note.
• 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, Communication Services, and Technology of note.
• Year to Date Winners: Energy, Technology, and Communication Services  of note.

Stocks ended mixed with the Russell 2000 pulling back 1%.  UNG down 5% and continues wide swings. Updated 11/17 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: VSCO +13%, ZTO +10%, THRY +8%, IIIV +8%, NVDA +7%, YY +6%, OTLY +5%, ATKR +4%, KLIC +4%, SONO +3%, CSIQ +3%, BBBY +3%, CPA +3%, SAND +3%, DCGO +3%
  • Gap Down: LTRX -16%, CERT -9%, CSCO -6%, CLOV -6%, CTOS -5%, VIPS -4%, CBAY -4%, NVTS -3%, VCTR -3%, BABA -3%

Insider Action: No stocks sees Insider buying with dumb short selling and NAUT, CLNN has smart short sellers with insider buys. 11/12 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: BABA, JD, CSCO, NVDA  (CNBC)
• EU members in agreement to proceed with antitrust on large tech companies. (FT)
• House may vote on the Budget Reconciliation Bill also known as Build Back Better but a holdup could be final CBO scoring. (The Hill)
• If President Biden removes Federal Reserve Chairman Powell for Federal Reserve Governor Brainard expect market reaction. (CNBC)
• Air Travel may be back to a normal pre-pandemic level. (NYT)
• Alibaba (BABA) misses estimates as China slowdown hits company. (CNBC)
• Mesa Air (MESA) saw bloc hours rise 52.2% October year over year.
• Deere & Co. (DE) Strike ends as Deere union workers approve latest deal
• AstraZeneca (ZEN) Phase III Covid-19 trials of high risk populations had robust efficiency.
• CureVac (CVAC) teams with GlaxoSmithKline (GSK) produces Covid-19 vaccine comparable to other vaccines efficiency on the market.
• Novartis (NVS) may bid for Alnylam Pharmaceutical (ALNY) to reduce cash (Bloomberg)
• Robinhood looks at President Biden’s attempt to lower gas prices. Crypto.com to pay $700M to put their name on the Staples Center.

Moving Average Update:

• Score decreases to 76% down from 93%. Updated 11/17 close.

Geopolitical: