• IPOs Priced or News: None of note.
• New SPACs launched: CBRE Acquisition Holdings (CBAH) to merge with Altus Power effective 12/9. Oaktree Acquisition (OACB) to merger with Alvotech.
• Secondaries Priced:
  • SI: Prices Public Offering of Class A Common Stock 3.31Million @$145.. GS, JPM and Keefe bookmanager
• Notes Priced of note: None of note.
• Common Stock filings/Notes:
  • ADIL: Filed Form S-3.. 200,000 Shares of Common Stock
  • GLPI: Public Offering of 7,700,000 Shares of Common Stock.. BAC, WFC, Citi and Mizuho bookmanagers
  • SI: Public Offering of $400 million of Class A shares
  • BHG: $750 Million Capital Raise to Support Continued Growth
  • MEIP: Closing of Public Offering of Common Stock
  • OWL: Filed Form 424B3.. 26,717,377 Class A 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:
  • OTEX: Filed Form S-3ASR.. Mixed Shelf
  • TRMD: Filed Form S-3.. $250,000,000 Mixed Shelf
• Convertible Offering & Notes Filed: 
  • BW: Proposed Public Offering of $125 Million of Senior Notes Due 2026
• 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: ACAD +24, MDB +18, TSHA +11, BHG +9%, DWAC +8%, INTC +7%
  • Trading Down: HQY -22, GTLB -10%, SI +7%

• News Items:
  • Stocks making the biggest moves after hours:  (CNBC)
  • Intel (INTC) to List Shares in Mobileye Unit which it took private (WSJ)
  • Tesla (TSLA) Is Replacing Faulty Autopilot Cameras In Some Cars (CNBC)
  • ACADIA Pharmaceuticals (ACAD) announces positive top-line results from its Phase III Lavendar trial
  • Amgen (AMGN) to announce new data from its hematology pipeline and marketed portfolio to be presented at American Society of Hematology Annual Meeting (12/11-14)
  • DWAC –  GOP Rep. Devin Nunes resigns from Congress to become CEO of Trump’s media company (CNBC)
  • Disney Vacation Club and Marriott Vacations’ Interval International (VAC) announces new affiliation agreement
  • Callaway Golf Co. (ELY) CFO buys $386.9K in stock
• Exchange/Listing/Company Reorg and Personnel News: 
  • Digital World Acquisition (DWAC) announces the Rep. Devin Nunes (R-CA) to become CEO of the Trump SPAC
  • Breeze Holdings Acquisition Corp (BREZ)  receives Nasdaq notice of non-compliance
  • Glacier Bancorp, Inc. (GBCI) Announces Transfer Of Common Stock Listing To The New York Stock Exchange on 12/17
  • Lion Electric (LEV) Added to the S&P/TSX Composite Index
  • Raymond James Ltd. (RJF) Chairman and CEO of Canadian subsidiary Paul Allison Stepping Down
  • Raymond James Ltd. (RJF) President John Carson intends to retire at year end.
  • DouYu International Holdings Ltd. ADR (DOYU) CEO Wwenming Zhang resigns 
• Buyback Announcements:
  • Eastman (EMN) announces $500 million share repurchase plan
  • Hillenbrand (HI) Announces New $300 Million Share Repurchase Program
  • Kinder Morgan (KMI) announces share repurchase of up to $750 million.
  • LHC Group (LHCG) Board of Directors authorizes $250 million share repurchase program
• Stock Splits: None of note.
• Dividends Announcements: 
  • Aris Water Solutions, Inc. (ARIS) Initiates Quarterly Cash Dividend of $0.07 per share
  • Hanover Insurance (THG) increase dividend to $0.75%/share

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

S&P 500 +59 Dow Jones Industrial Average +346 NASDAQ +282 Russell 2000 +33.82. Asia and Europe higher. VIX is at 24.10 from 27.97 yesterday. Gold, Silver and 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 $130.84 from $130.47  with yields at 1.448% from 1.39% yesterday morning. Bitcoin at $51,049 from $48,639 yesterday morning and this morning up +3.96%. As of 8:15 a.m. EST.

Monday’s Action – 12/06 Close:  

• Daily Positive Sectors: Basic Materials, Energy, Real Estate, Consumer Cyclical, Industrials, Utilities, Consumer Defensive, Financial, Communication Services, Technology, Healthcare of note.
• Daily Negative Sectors: None of note.
• One Month Winners: None of note.
• Three Month Winners: Energy of note.
• Six Month Winners: Technology, Real Estate, Consumer Cyclical of note.
• Twelve Month Winners: Energy, Financials, and Technology of note.
• Year to Date Winners: Energy, Technology, and Real Estate  of note.

Indexes up as fears of Omicron fade.  Russell 2000 leads the charge to a year end rally with a +2.05% return.  TLT pulls back -1.37% and UNG down almost 10%.  Updated 12/06 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: ACAD +15%, BHG +12%, KULR +12%, VIR +11%, SPIR +10%, TSHA +10%, INTC +9%, SCYX +8%, DWAC +5%, TSLA +4%, BB +3%
  • Gap Down: SI -5%, GLPI -3%

Insider Action: PYPL sees Insider buying with dumb short selling and no stock 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: AAL, AZO, GSK-GB, VIR, TSLA, DBI  (CNBC)
• Covid cases not reported on Tuesdays as limited data
• South Africa finds that Omicron cases are showing less severe disease compared to other variants, but more data is needed. (New York Times)
• Russia’s Kremlin: President Putin Plans To Discuss ‘Red Lines’ i.e. cut off from international financial system with President Biden – Not Expecting Breakthroughs From Talks.  Call 10 a.m. EST. (CNBC)
• Omicron Is Fast Moving, but Perhaps Less Severe, Early Reports Suggest (New York Times)
• Senate Republicans reject the Democrats idea to attach the National Defense Authorization Act to debt ceiling. (Politico)
• Apple (AAPL) being investigated for antitrust violations against Roblox (RBLX). (The Information)
• Tesla (TSLA) chief Elon Musk Comes Out Against Federal Electric-Vehicle Spending (Wall Street Journal)
• Omicron Sends Bank Stocks Seesawing (Wall Street Journal)
• Toyota Motor Corp (TM) to build $1.29 billion EV battery plant in North Carolina, create 1,750 jobs (CNBC)
• US Treasury Secretary Yellen:
  • The short labor supply is a puzzling issue.
  • The labor situation is out of the ordinary; The high rate of quitting points to a tight labor market.
  • Some shortages likely to take a few years to solve.
  • Inflation is the main worry today.
• Robinhood looks at the Chinese Great Delisting –Didi (DIDI) and others to follow who do not meet audit NYSE requirements. DoorDash (DASH) launches ultrafast delivery in NYC but at what price?

Moving Average Update:

• The score greatly improves to 46% from 26%. Updated 12/06 close.

Geopolitical: