Breaking News – Key interview on CNBC this morning with the Chairman of Boeing (BA)

IPOs on deck: Q&K International (QK) of note.

IPOs Filed: None filed after the close.

Secondaries Priced:  HCP LBRT MRUS  of note.

Notes Priced: None of note.

Common Stock filings:  HAS YETI MRUS of note.

Mixed Shelf Offerings filed: PI of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

HHC +1.37, KMPR +0.52, ITRI +0.38, FICO +0.33, ACOR +0.31, HIG +0.27, THC +0.26, FRTA +0.18, SWM +0.17, UBER +0.16, BWXT +0.14, PRU +0.13, TNDM +0.13, BHF +0.13, JKHY +0.12, KAMN +0.11, DOOR +0.10, HTZ +0.10, CHGG +0.10, SYKE +0.09, EVER +0.09, PI +0.09, STE +0.07, ENDP +0.07, PLOW +0.06, VECO +0.06, ADUS +0.05, SHAK +0.05, FN +0.04, REAL +0.04, WTR +0.04, HLIO +0.03, DIOD +0.03, PXD +0.03, PBPB +0.03, ELVT +0.03, RNG +0.03, FBM +0.02, CC +0.02, DK +0.02, HPR +0.02, AOSL +0.02, CPE +0.01, IFF +0.01, EVBG +0.01, TCMD +0.01, SHO +0.01  of note.

Missed: 

MDR (1.07), MAXR (1.03), RMBS (0.39), OXY (0.34), MYGN (0.23), SNCR (0.22), TSE (0.21), WES (0.20), NTR (0.18), MOS (0.14), BKD (0.13), FTSI (0.13), OUT (0.12), RYAM (0.11), AAN (0.09), NBIX (0.07), CBT (0.06), LMNX (0.06), VAC (0.05), PAHC (0.05), APTS (0.05), ED (0.04), STRL (0.04), OTTR (0.03), MAR (0.03), CDEV (0.03), HUD (0.02), XEC (0.02), FRPT (0.02), NCMI (0.01), BKH (0.01), GRPN (0.01), LASR (0.01)  of note.

Flat: 

CDE +0.00, MDRX +0.00, KMT +0.00, ETH +0.00, HR +0.00, PLMR +0.00, APLE +0.00, QTS +0.00, AWR +0.00, O +0.00  of note.

Hourly Action This Week:

Updated through Friday’s close.

News After The Close (In Order of Time)

Marketaxess (MKTX) sees October trading volume  of $182.6 billion.

Adobe (ADBE) raises guidance for Q4 and 2020.

Blackberry (BB) Chief Operating Officer Bryan Palma leaves.

NASDAQ (NDAQ) saw equity options activity rise to 151 million versus 133 million in September but down from last October at 189 million.

Stock Repurchase Announcements:

Dividend Increase: AFG.

Early Morning Gap Up/Down: (>4% or <-4%)

Gap Higher: EVER +31%, CHGG +14%, SHO +13%, SHEN +11%, EVBG +11%, PAGP +8%, RNG +7%, GSX +6%, TPR +6%, ADBE +4%, WWE +4%, THC +4%, SXC +4%, JKHY +4%

Gap Lower: MYGN -35%, SHAK -18%, SNCR -16%, VECO -12%, HUD -11%, TNDM -10%, MDR -10%, DIOD -9%, AAN -8%, AOSL -8%, GRPN -8%, TSE -6%, YETI -6%, UBER -6%, MOS -5%, ARNC -5%, NCMI -5%, SRC -4%, PRU -4%, NTR -4%, WBT -4%, PI -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 +5 Dow Jones Industrial Average +65 NASDAQ +20 Russell 2000 +8 Fair values are mixed. Asia higher  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, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $129.34 from $129.88 with yields at 1.82%. Prices as of 8:25 a.m. EDT.

Positive Sectors On Monday:  Materials, Energy, Industrials, Technology and Services of note.

Negative Sectors On Monday: Utilities 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:  

ES MCHP ATUS MTCH FANG PAA HST Y OHI DVA PODD DVN CZR AIZ VOYA of note.

Wednesday Before The Open:

CVS HUM GOLD WEC GIB VMC CBRE CNHI BR AES VER ELAN KL BKI COTY  of note.

Earnings This Morning Of Note

Beat:

JLL +0.84, SRC +0.45, REGN +0.27, BPMC +0.26, WLK +0.19, SSTK +0.14, MNK +0.11, CCC +0.08, FIS +0.08, BCPC +0.07, THR +0.07, ARNC +0.06, FTDR +0.06, USAC +0.05, OXFD +0.05, BMCH +0.05, AGN +0.05, USFD +0.04, HSIC +0.04, LGIH +0.04, SXC +0.04, EEX +0.04, RPD +0.04, TPR +0.03, MYL +0.03, LCII +0.03, AMRN +0.03, GSX +0.03, CTLT +0.03, VPG +0.02, PINC +0.02, ZBH +0.02, PBI +0.02, GSKY +0.01, UNVR +0.01, NOVT +0.01, MYE +0.01  of note.

Missed:  

EQM (1.18), TA (1.06), PTON (0.89), AFI (0.71), CEIX (0.48), ATH (0.44), VST (0.41), ICPT (0.25), CNK (0.21), NPO (0.18), ATRO (0.18), NS (0.18), LPX (0.12), SGRY (0.10), OCN (0.09), AMRC (0.08), NWN (0.08), RCM (0.07), LAMR (0.06), FI (0.05), IPI (0.04), WBT (0.03), TRVG (0.03), BSIG (0.02), HLNE (0.02), CHK (0.02), AVNS (0.01), ATHM (0.01) of note.

Flat:

TLRA +0.00, AVTR +0.00, VIRT +0.00, SERV +0.00, EMR +0.00, BDX +0.00  of note.

Still to Report:

Rags & Mags: Highlighted Stories may be clicked through to the original story.

Top News Story: China presses U.S. to drop and/or lower more tariffs in Phase I. (CNBC)

The Wall Street Journal Lead Headline: SoftBank’s Tech Problems Widen.

Five Things You Need To Know To Start Your Day. (Bloomberg)

Stocks Making The Biggest Moves (CNBC)

OPEC lowers oil demand forecast and notes its market share is dropping. (CNBC)

India says no to joining Asia Pacific Trade Pact. (CNBC)

The Trump Administration took the first steps to withdraw from The Paris Accord. (CNN)

“The Wall” is a sticking point in government funding. (WSJ)

The 65-year-old sister of slain ISIS leader Abu Bakr al-Baghdadi was captured and being interrogated. (CNN)

State elections today give glimpse into presidential election next year. (NYT)

House leaders state that Boeing (BA) CEO Dennis Muilenberg did not provide complete testimony. (Bloomberg)

Data Points

All stock indexes see the best possible strength. Current through 11/04.

Bold means a change from prior day.

The advance/decline line model is now a buy. Updated through 11/04. Year to date model up 10. 64% on the S&P 500. 5 buy signals and 4 cash signals in 2019. Current signal is a buy.

YTD 62% (+2% change week over week) of stocks are higher and 38% are lower. Updated  through 11/1/19 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 11/04.

Economic & Related:

September Trade Balance is due out at 8:30 a.m. EDT and last month came in at $-54.9 billion with estimate this month of $-52.5 billion.

October ISM Non-Manufacturing Index is due out at 10:00 a.m. EDT and came in at 52.6 for September.

API Petroleum Institute will release its weekly data at 4:30 p.m. EDT.

Geopolitical:

President Trump has no public events scheduled for today.

Federal Reserve Richmond President Tom Barkin to speak at 8:00 a.m. EDT.

Federal Reserve Dallas President Robert Kaplan will speak at 2:00 p.m. EDT.

The latest minutes from The Bank of Japan (BOJ) are due out Tuesday night.

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls:  RAVN KR  ( Investor Day) PLD (Analyst Day) INTC (Mobileye Investor Summit)

Sellside Conferences: Gabelli & CO Automotive Aftermarket Symposium (11/4-11/5). Baird Global Industrial Conference (11/5-11/7). Bank of America Future of Financials Conference. (11/5-11/6)

Industry Conferences: Kia World (11/4-11/7). Mobileye Investor Summit. Greenwich Economic Forum features Ray Dalio and Jamie Dimon.

M&A Activity

Workday (WDAY) to buy Scout RFP for $450 million in cash.

Upgrades & Downgrades: