• IPOs Priced or News: None of note.
• New SPACs launched: None of note.
• Secondaries Priced:
  • KRYS: Pricing of $200 Million Public Offering of Common Stock.. Priced @$75
• Notes Priced of note: None of note.
• Common Stock filings/Notes:
  • ADTX: Proposed Public Offering of Common Stock and Warrants.. DawsonJames bookmanager
  • IMGN: Proposed Public Offering of Common Stock.. $175 million of shares..Jefferies, Cowen and Guggenheim bookmanagers
  • MEIP: Proposed Public Offering of Common Stock.. 17,500,000 shares .. Jefferies and WFC bookmanagers
  • RGLS: Closing of $34.6 Million Private Placement of Equity
  • AGIL: Proposed Public Offering of Common Stock and Warrants.. 2.4 million 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: 
  • LAC: Offering of US$225 Million 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: BBW +17, AMBA +13, BOX +7% ZS +4%
  • Trading Down: CTIC -22%, EMKR -12%, LAC -7%, BIRD -6%, CRM -6%, IMGN -5%, AIP -5%, HPE -3%

• News Items:
  • Stocks making the biggest moves after hours: CRM, BOX, AMBA (CNBC)
  • Salesforce (CRM) promotes Bret Taylor to co-CEO alongside Benioff (CNBC)
  • Salesforce (CRM) forecasts lower revenue as cloud competition heats up (Reuters)
  • Brazil sees first two cases of Omicron hit country.
  • China’s Developers Face $12 Billion in Trust Payments This Month (Bloomberg)
  • Merck (MRK): FDA advisory panel narrowly endorses Merck’s oral Covid treatment pill, despite reduced efficacy 13-10  in support (CNBC)
  • Raytheon Technologies (RTX) awarded $450 mln Navy contract
  • AT&T (T) CEO at Wells Fargo Technology Media notes that wireless delivered best EBITDA in Q3 of this year.
• Exchange/Listing News: 
  • Green Brick Partners (GRBK) to transfer listing to the NYSE, effective December 13
• Buyback Announcements:
  • Build-A-Bear Workshop, Inc. (BBW) Adopts Share Repurchase Program of up to $25 Million
  • FICO Announces New Stock Repurchase Program
  • GAN Announces Share Repurchase Plan of $5 Million
  • HealthStream (HSTM) Announces $20 Million Share Repurchase Authorization
  • Mastercard (MA) Board of Directors Announces $8 Billion Share Repurchase Program
  • Rush Enterprises (RUSHA)
• Stock Splits: None of note.
• Dividends Announcements: 
  • Build-A-Bear Workshop, Inc. (BBW) Declares Special Cash Dividend of $1.25
  • Ethan Allen (ETD) increases dividend to $0.29 from $0.25
  • Mastercard (MA) Board of Directors Announces Quarterly Dividend
  • McCormick (MKC) Announces Increase in Quarterly Dividend
  • Royal Bank of Canada (RY)
  • Stewart Info (STC)
  • Community Financial (TCFC) raises quarterly dividend by 17% to $0.175.

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

S&P 500 +57 Dow Jones Industrial Average +320 NASDAQ +232 Russell 2000 +39. Asia and Europe trading higher. VIX is at 23.55 from 24.10 in futures from Tuesday. Gold, Silver and Copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $130.47 from $131.60 with yields at 1.483% from 1.44% on Tuesday morning. Bitcoin at $57,327 from $57,804 on Tuesday morning and this morning down -0.27%. As of 8:15 a.m. EST.

Tuesday’s Action – 11/30 Close:  

• Daily Positive Sectors: Definitely none of note.
• Daily Negative Sectors: Pretty much all: Communication Services, Utilities, Consumer Defensive, Industrials, Financial, Real Estate, Energy, Basic Materials, Consumer Cyclical, Healthcare, Technology.
• One Month Winners: Technology 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, Financials, and Technology of note.
• Year to Date Winners: Energy, Technology, and Communication Services  of note.

Broke the lows of Friday with all major indexes down about 1.90%.  TLT up 1.52% to 151.59.  Oil and Natural Gas pulled back hard down 4.50% and 5.04%. Updated 11/30 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: AMBA 17%, BOX 10%, GAN 9%, ZS 7%, LI 6%, DOOO 6%, SAGE 5%, NTES 4%, XPEV 4%, NIO 4%, MRK 4%, AIP 4%, CNK 3%, AMC 3%, BBW 3%
  • Gap Down: LGVN -21%, CTIC -17%, AGIL -9%, VXX -7%, EMKR -7%, CRM -6%, BIRD -3%, KRYS -3%, LAC -3%

Insider Action: CRY sees Insider buying with dumb short selling and SILK, GAN, AEO 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)
• Stocks Making The Biggest Moves: CRM BIRD DASH HPE BOX AMBA  (CNBC)
• House may vote to extend the Continuing Resolution to fund the government beyond December 3rd. (CNN)
• Federal Judge ends the vaccination mandate on healthcare workers put in place by President Biden. (NYT)
• Ark Mgmt Fund Manager Cathie Wood to appear on CNBC in the 9:00 a.m. EST hour to discuss Twitter (TWTR) purchase and market action. (CNBC)
• Robinhood looks at UK order for Facebook (FB) to sell recent purchase of Giphy. Allbirds (BIRD) earnings quarter was strong but needs more customers.

Moving Average Update:

• The score declines to 26% from 40%. Updated 11/30 close.

Geopolitical: