CAPIS Morning Note -11/20/19 Futures Lower For First Time This Week
Breaking News – IPOs on deck: 8 IPOs on deck this week. IPOs Filed: None filed after the close. Secondaries Priced: None of note. Notes Priced: None of note. Common Stock filings: AXNX MSEX ORGO NYMT CRSP MGP MUX QTT of note. Mixed Shelf Offerings filed: AEM SMLP AXS of note. Convertible Offering Files: None…
Breaking News –
IPOs on deck: 8 IPOs on deck this week.
IPOs Filed: None filed after the close.
Secondaries Priced: None of note.
Notes Priced: None of note.
Common Stock filings: AXNX MSEX ORGO NYMT CRSP MGP MUX QTT of note.
Mixed Shelf Offerings filed: AEM SMLP AXS of note.
Convertible Offering Files: None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
CURLF +0.02, ESE +0.02 of note.
PAGS (0.03), URBN (0.01) of note.
Flat: None of note.
Hourly Action This Week:
Close of 11/18.
News After The Close (In Order of Time)
Cannae Hodings (CNNE) names Richard Massey CEO effective last Friday.
Avid Technology (AVID) guides higher at investor day.
Boeing (BA) wins $230 million Defense Logistics Agency contract.
Boeing (BA) and Textron (TXT) win a jv Bell Boeing $380 million Defense Logistics Agency contract.
Stock Repurchase Announcements: FIX FLNT NXPI
Dividend Increase: MTB
Pre-Market Gap Higher Or Lower
Gap Higher: FLNT +16%, AVID +15%, MYOV +15%, TGT +9%, IDYA +8%, ENDP +8%, BCRX +7%, LOW +5%, QIWI +5%, AXNX +4%, CTMX +4%,
Gap Lower: PDD -19%, URBN -17%, ORGO -6%, AMRN -6%, CRSP -6%, PAGS -5%
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 -7 Dow Jones Industrial Average -76 NASDAQ -24 Russell 2000 -5.84 Fair values are flat to lower. Asia mixed and Europe mixed.
Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $129.69 from $129.20 with yields at 1.85%. Prices as of 8:25 a.m. EDT.
Positive Sectors On Tuesday: Healthcare and Financials of note.
Negative Sectors On Tuesday: Materials, Energy and Services 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:
NTES CPRT LB NUAN SQM CUB JACK LZB SONO of note.
Thursday Before The Open:
PLAN BERY M BJ BRC BZUN AQUA BV HMLP SDRL ASYS of note.
Earnings This Morning Of Note
QIWI +8.97, TGT +0.18, LOW +0.06 of note.
AVYA (1.13), PDD (0.92) of note.
None of note.
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story:
Five Things You Need To Know To Start Your Day. (Bloomberg)
Five Things To Know To Start Your Day. (CNBC)
Stocks Making The Biggest Moves. (CNBC)
Corbyn and Johnson debate on Brexit.
Senate passes bill on Hong Kong related to human rights.
China tells to back off with comments on Hong Kong.
Target (TGT) and Lowes (LOW) both beat and raise.
ECB warns on low interest rate environment.
Former Federal Reserve President Bill Dudley warns low rate environment.
All stock indexes see the best possible strength. Current through 11/19.
Bold means a change from prior day.
The advance/decline line model is now a buy. Updated through 11/19. Year to date model up 13. 09% 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 11/18 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 11/19.
Economic & Related:
API Petroleum Institute data is due out at 4:30 p.m. EDT.
MBA Mortgage Applications came in with a drop of -2.2% after a rise of 9.6% last week.
Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.
Federal Reserve Open Market Committee (FOMC) Notes are due out at 2:00 p.m. EDT.
President Trump will travel to Austin, Texas to tour an Apple (AAPL) plant with Apple CEO Tim Cook.
House Intelligence Committee continues open hearings on impeachment today starting at 11:00 a.m. EDT.
The Democratic Party holds its next debate at 8:00 p.m. EDT.
Conferences & Analyst Meetings:
Company Analyst Meetings and Conference Calls: OSTK (Investor and Analyst Conference) TAK (R&D Day) NTGR (Analyst Day) HON ROK CRM PLT OMF FOCS CREE (Investor Day) GIGL SBCF (Conference Call)
Sellside Conferences: Stifel Global healthcare Conference (11/19-11/21). RBC Capital Markets Global Technology, Internet. Media and Telecom Conference (11/19-11/21). Three Part Advisors Southwest IDEAS Conference (11/20-11/21). Bank of America Consumer and Retail Conference (11/20-11/21)
Industry Conferences: Dreamforce 2019 (11/19-11/22). TechNet IndoPacific 2019 (11/19-11/21)
Upgrades & Downgrades