• IPOs Priced or News: None of note.
• New SPACs launched: None of note.
• Secondaries Priced:
  • OTLK: Priced 40 Million shares of common stock at $1.25 per share
• Notes Priced of note: None of note.
• Common Stock filings/Notes:
  • OBSV: Filed Form 424B7.. Up to 11,477,396 Common Shares
  • ARVL: Closing of Public Follow-on Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares
  • NVTS: Filed Form S-1.. Up to 87,007,757 Shares of Class A Common Stock Up to 4,741,667 Warrants
  • OTLK
  • ROVR: Closing of Follow-On Public Offering and Exercise in Full of the Underwriters’ Option to Purchase Additional Shares
• Pricing of Over-Allotment: None of note.
• Direct Offering: 
  • SLI: $100 Million direct investment from Koch Strategic Platforms
• Selling Shareholders of note: None of note.
• Private Placement of Public Entity (PIPE): None of note.
• Mixed Shelf Offerings:
  • ABC: Filed Form S-3ASR.. Mixed Shelf Offering
  • URG: Filed Form S-3.. $100Million Mixed Shelf
• Convertible Offering & Notes Filed: 
  • BILI: Completion of Convertible Senior Notes Offering
• Note Offerings Filed:
  • DLTR: Filed Form S-3ASR — Debt Security Shelf

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: PSTG +13%, HPQ +8%, NTNX +4%, GES +4% PBYI +4%, TAK +3%
  • Trading Down: JWN -23%, GPS -17%, OTLK -16%, ADSK -13%, PLAN -13%

• News Items:
  • Stocks making the biggest moves after hours: JWN, GPS, VMW, HPQ
  • HTZ: Hertz Announces Commencement of Cash Tender Offer to Purchase All of Its Outstanding Series A Preferred Stock and Consent Solicitation
  • Nordstrom (JWN) shares tumble more than 20% as earnings fall short, hurt by higher labor costs, weak Nordstrom Rack sales (CNBC)
  • Raymond James (RJF) sees asset climb to $1.23 trillion up 33% year over year
  • Eli Lilly (LLY) wins $530 million Army contract
  • HPE DELL IBM and others to compete for Army $1.60 billion
  • Gap (GPS) Cuts Outlook for 2021 as Supply-Chain Woes Erode Sales (Bloomberg)
• Exchange/Listing News: 
  • BIOL: Nasdaq Grants BIOLASE 180-Day Extension To Meet Minimum Bid Price Requirement And Enters Into Favorable Credit Agreement Amendment
• Buyback Announcements: None of note.
• Stock Splits: None of note.
• Dividends Announcements:
  • GES
  • HIFS: Hingham Savings Declares Regular and Special Dividend

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

S&P 500 -14 Dow Jones Industrial Average -116 NASDAQ -61 Russell 2000 -13. Asia mixed and Europe trading lower. VIX is at 20.95 from 19.58 in futures from yesterday. Gold, Silver and Copper higher. WTI Crude Oil higher and Brent Oil Futures lower. Natural Gas is up. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $129.80 from $130.00 with yields at 1.662% from  1.625% on Tuesday morning. Bitcoin at $56,626.99 from $56,057.92 Tuesday morning -2.03%. As of 8:17 a.m. EST.

Tuesday’s Action – 11/23 Close:  

• Daily Positive Sectors: Energy, Financial, Consumer Defensive, Basic Materials, and Real Estate of note.
• Daily Negative Sectors: Technology, Consumer Cyclical, and Communication Services 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.

Technology pulls back while Dow, SPX and OEX stay in the green. USO and UNG finally trade in tandem up 3% and 5%. Updated 11/23 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: PSTG +14%, HPQ +6%, NTNX +6%, SLI +4%, PBYI +4%, GES +4%, PTC +3%
  • Gap Down: JWN -27%, OTLK -20%, GPS -19%, PLAN -19%, ADSK -13%, KC -3%,

Insider Action: W, ATCX, ATUS sees Insider buying with dumb short selling and no stock has smart short sellers with insider buys. 11/22 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)
• Five Things To Know This Morning. (CNBC)
• Stocks Making The Biggest Moves: DE, GPS, JWN, VMW, HP (CNBC)
• Cathie Woods of Ark Asset interviewed on CNBC.
• United Nations left Iran without a deal on inspections. (WSJ)
• Germany sees Olaf Scholz become Chancellor of Germany with a center left government.
• Covid-19 Cases rise to 162,204 cases from 150,191 cases a week ago
• President Biden will nominate Shalanda Young for director of the Office of Management and Budget. (NY Times)
• The Biden administration asks appeals court to remove block on vaccination mandate for companies with 100 employees or more (MRNA, JNJ, BNTX, PFE). (NY Times)
• Tencent’s (TCEHY) APP Will Suspend Updating Tencent: Cooperating With Regulatory Upgrade Protection Measures – Tencent Responded That It Is Continuing To Upgrade APP’s Various Measures To Protect User Rights And Interests.
• Google (GOOGL) sees hundreds of employees fight vaccine mandate. (CNBC)
• Nike (NKE) cancels sneaker order to a sneaker retailer until late 2022 due to supply issues. (Newsweek)
• Rivian (RIVN) Said To Tell Customers They Can Expect Deliveries Beginning March
• SpaceX (TSLA) Launches NASA Spacecraft That Will Crash Into An Asteroid (Wall Street Journal)
• Robinhood  looks at Match (MTCH) effort to expand with human matchmaking. Zoom (ZM) shares plunge on slowing growth,

Moving Average Update:

• Score improves to 66% from 63%. Updated 11/23 close.

Geopolitical: