• IPOs Priced or News: None of note.
• New SPACs launched: None of note.
• Secondaries Priced:
  • INTU: Pricing of Secondary Offering of 1,548,700 Shares of Common Stock @$668.95.. GS Bookmanager
• Notes Priced of note:
  • DLTR: Pricing of $1.2 billion of Senior Notes.
• Common Stock filings/Notes:
  • KRYS: Proposed $200 Million Public Offering of Common Stock — GS, BAC and Blair bookmanagers
  • OTLK: Closing of $57.5 Million Bought Deal, Including Full Exercise of Underwriter’s Option to Purchase Additional Shares
• 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: None of note.
• Convertible Offering & Notes Filed: 
  • ARRY: Proposed Private Offering of $325 Million of Convertible Senior Notes
• Note Offerings Filed: None of note.

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: MEIP +8%, MYPS +8%, OM +5%, KRYS +5%
  • Trading Down: ARRY -6%, LIZI -5%

• News Items:
  • Federal Research Chair Jerome Powell prepared testimony for today before Congress stated:
    • Inflation running well above 2% goal, pushed up by pandemic-related supply and demand imbalances.
    • Conditions in labor market have continued to improved.
    • Rise in Covid cases, omicron variant pose downside risks to employment, increased uncertainty for inflation.
  • Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture (CNBC)
  • The Biden administration, under fire for supply chain woes, says stores will be fully stocked for the holidays. (NY Times)
  • CDC expands covid-19 booster recommendation to 18 yrs and older
  • Meta Platforms (FB) delays symbol change to META until Q1 of next year.
  • World’s first living robots can now reproduce, scientists say (CNN)
  • Exact Sciences (EXAS) amends Cologuard promotion with Pfizer (PFE) losing ability to promote the product as EXAS hired 400 former sales reps of Pfizer in September.
  • Graham (GHM) announces that its CFO plans to retire in 2Q22 following appointment of his successor
  • KORE Group (KORE) announces departure of CFO Puneet Pamnani; appoints Paul Holtz as interim CFO
• Exchange/Listing News: 
  • Class Acceleration Corp. (CLAS) Receives NYSE Notice Regarding Delayed Form 10-Q Filing
  • Meta (FB) Postpones Ticker Symbol Change to Q1 2022
• Buyback Announcements:
  • National Vision Holdings, Inc. (EYE) Increases Share Repurchase Authorization to $100 Million
  • Baozun (BZUN) Announces US$50 Million Share Repurchase Program in addition to the Completed US$125 Million Shares Repurchase Program
• Stock Splits: None of note.
• Dividends Announcements: 
  • Four Corners Property Trust (FCPT) increases quarterly.

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

S&P 500 -43 Dow Jones Industrial Average -394 NASDAQ -84 Russell 2000 -36. Asia mixed and Europe trading lower. VIX is at 24.10 from 23.60 in futures from Monday. Gold and Silver higher with Copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $131.60 from $130.80 with yields at 1.44% from 1.55%  on Monday morning. Bitcoin at $57,804 from $56,977 on Monday morning and this morning down -0.54%. As of 8:17 a.m. EST.

Monday’s Action – 11/29 Close:  

• Daily Positive Sectors: Technology, Utilities, Communication Services, Consumer Cyclical, Real Estate, Basic Materials, Energy of note.
• Daily Negative Sectors: None 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, Energy, 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.

A meager recovery from Fridays pain.  Nasdaq 100 leads the bounce with 2.33%.  Natty Gas down almost 9%. Updated 11/29 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: ATHX 28%, VXX 10%, MEIP 8%, ADEX 6%, OM 5%, MYPS 4%
  • Gap Down: JKS -9%, ARRY -9%, LIZI -9%, ARCE -8%, BNTX -7%, BZUN -6%, MRNA -5%, INTU -4%, FENC -3%

Insider Action: NVCR, DAL, AMBC, BWXT sees Insider buying with dumb short selling and EEFT has smart short sellers with insider buys. 11/29 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: DLTR REGN MRNA (CNBC)
• Covid-19 Update sees 31,077 cases from 29,286 cases. Numbers lower on Tuesday as most states do not report over weekend. (CDC)
• Oxford University believes that vaccines are no less effective on severe disease related to Omicron  than on other Covid variants. (Reuters)
• House may vote as early as tomorrow on bill to fund the government through mid January. Government to shut down on Friday night if not passed. (Politco)
• Debt limit extension will expire on 12/15. (Politico)
• Hologix (HOLX) Covid-19 test will detect Micron variant.
• Regeneron Pharmaceutical (REGN) believes antibody treatment is less effective on Omicron. CEO to be interviewed on CNBC between 8:00 and 9:00 EST. (WSJ)
• Robinhood looks at Omicron. What will become of Twitter (TWTR) without Jack Dorsey?

Moving Average Update:

• NDX powers up and improves the score to 40% from 30%. Updated 11/29 close.

Geopolitical: