• IPOs Priced or News:
  • Integrated Wellness (WEL) Pricing of $100 million Initial Public Offering.. 10 million units @$10.
  • NU Holdings (NU) priced IPO at $9/share for Class A.
• New SPACs launched:
  • Solid Power combines with Decarbonization Plus Acquisition Corporation (DCRC) and trade under symbol “SLDP” starting December 9.
  • Boxed closes with Seven Oaks Acquisition Corp (SVOK) and will trade  as “BOXD” on December 9th.
• Secondaries Priced:
  • RLMD: Pricing of Upsized Public Offering of Common Stock 8,823,530 shares @$17 ..GS, Jefferies and Guggenheim bookmanagers.
  • ADC: Pricing of Public Offering of 5 Million shares of Common Stock at $68.15.
• Notes Priced of note:
  • CFLT: Pricing of $1 billion of Convertible Senior Notes.
• Common Stock filings/Notes:
  • ADC: Common Stock Offering.. $5 million shares.. WFC, BAC and MS Bookmanagers.
  • CFRX: Filed Form S-3.. 8,819,904 Shares of Common Stock.
  • FUBO: Filed Form S-3.. 5,690,669 Shares of Common Stock Offered by the Selling Securityholders.
  • PERI: Proposed Follow-on Offering $100 million of its ordinary shares.. Opp. Stifel and RJ Bookmanagers.
  • RLMD: Pricing of Upsized Public Offering of  $100 Million of Common Stock.
• Pricing of Over-Allotment: None of note.
• Direct Offering: 
  • AZYO: Closing of $14 million Private Placement.
  • AEye (LIDR) Announces with Tumim Stone Capital a Common Stock Purchase Agreement up to $125 Million.
• Selling Shareholders of note: None of note.
• Private Placement of Public Entity (PIPE): None of note.
• Mixed Shelf Offerings:
  • MVBF: Filed Form S-3.. $75Million Mixed Shelf.
  • PERI
• Convertible Offering & Notes Filed: 
  • LCID: Proposed Convertible Senior Notes Offering of $1.75 Billion due 2026.
  • Confluent (CFLT) $1.0 billion convertible senior note offering.
• 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: RH +11%, NVEI +5%
  • Trading Down: CURV -23%, TRIT -15%, RENT -9%, LCID -7%, GME -4%, PATH -3%, PERI -3%

• News Items:
  • Stocks making the biggest moves after hours: GME, LCID, RH, RENT  (CNBC)
  • USO Citi Lowers 2022 Brent Forecast By $2 To $69/bbl On Omicron Fear.
  • Justice Department Told Deutsche Bank (DB) Lender May Have Violated Criminal Settlement (Wall Street Journal).
  • FDA authorizes AstraZeneca’s (AZN) monoclonal antibodies for some who can’t get vaccinated or are immunocompromised (Market Watch).
  • Boeing (BA) is awarded $370 million Navy contract.
  • Antitrust – Amazon (AMZN) fined over € 1,128 billion for abusing its dominant position (Press Release).
  • U.S. Threat to Squeeze Russia’s Economy Is a Tactic With a Mixed Record (New York Times).
  • Assets Under Management for November begin to be reported with CNS at $100.2 billion down $1.4 billion.
  • Regeneron (REGN) and Sanofi (SNY) publish Phase III results of Dupixent results in The New England Journal of Medicine.
• Exchange/Listing/Company Reorg and Personnel News: 
  • Johnson & Johnson (JNJ) Mr. Michael Sneed, EVP Global Corporate Affairs and Chief Communication Officer, will be retire April 1, 2022.
  • Torrid (CURV) Announces Planned Retirement of George Wehlitz, Chief Financial Officer, Following First Quarter of Fiscal 2022.
  • Judy Marks is elected as Chair starting February 3 for Otis Worldwide (OTIS).
  • RingCentral (RNG) Announces Executive Leadership Changes – COO stepping down and appoints new temporary CFO.
  • SLDP trading on Nasdaq on December 9.
• Buyback Announcements:
  • Cadence Bank (CADE) Announces 2022 Share Repurchase Program with up to 10 Million shares of Common Stock.
  • CVS Health (CVS)  $10 Billion Share Repurchase Program.
  • IBEX Ltd. (IBEX) authorizes repurchase of up to $20 million common stock.
  • Labcorp (LH) Authorizes $2.5 Billion Share Repurchase Program Capital Allocation Plan.
  • Landstar (LSTR) Announces Increase to Stock Purchase Program.
  • Oxford Industires (OXM) increase repurchase authorization to $150 million.
• Stock Splits: None of note.
• Dividends Announcements: 
  • ARC Document Solutions (ARC) increases quarterly dividend to $0.05.
  • Bank7 (BSVN) increases quarterly cash dividend to $0.12 up $0.01.
  • Carrier (CARR) Board of Directors increases Quarterly Dividend by 25% to %0.15 from $0.12.
  • CVS Health (CVS) 10% Dividend Raise.
  • Labcorp (LH) Board of Directors approves plans to initiate quarterly cash dividend of 15-20% of adjusted earnings.
  • Landstar (LSTR) Announces Special Dividend of $2.00.
  • Johnson Controls (JCI) increases quarterly dividend 26% to $0.34 cents in line with capital deployment strategy.
  • Ramaco Resources, Inc. (METC) announces successful completion of $30 million acquisition of significant assets from Coronado and initiation of $2.5 million quarterly dividend.
  • W. P. Carey Inc. (WPC) increases Quarterly Dividend to $1.055 from $1.052.

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

S&P 500 -14.50 Dow Jones Industrial Average -121 NASDAQ -55 Russell 2000 -16.21. Asia mixed and Europe lower. VIX is at 21.03 from 22.3 yesterday. Gold, Silver and Copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $130.41 from $130.38  with yields at 1.484% from 1.48%  yesterday morning. Bitcoin at $49,193 from $49312 yesterday morning and this morning down -2.98%. As of 8:15 a.m. EST.

Wednesday’s Action – 12/08 Close:  

• Daily Positive Sectors: Communication Services, Healthcare, Real Estate, Technology, Consumer Cyclical, Basic Materials of note.
• Daily Negative Sectors: Consumer Defensive of note.
• One Month Winners: Utilities, Real Estate of note.
• Three Month Winners: Energy, Technology, Consumer Cyclical 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 followed through, but not like Tuesday’s rocket fuel.  $COMPQ lead indexes higher with a 0.64% positive day.  UNG and USO were up 2.29% and 1.61%.  Updated 12/08 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: RH +10%, DCRC +7%, AUPH +7%, NVEI +7%, ARC +4%, NVTS +4%, OXM +3%, GEF +3%, FLL +3%, FUBO +3%
  • Gap Down: RETA -41%, CURV -28%, TRIT -17%, RENT -11%, LIDR -10%, PHR -7%, LCID -6%, KGC -5%, GME -4%, ADC -4%, PERI -3%

Insider Action: KRON, ZLAB, DOCU, AMRS sees Insider buying with dumb short selling and APO, PVH has smart short sellers with insider buys. 12/07 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: CVS HRL GME RH.  (CNBC)
• Covid-19 cases at 119,895 from 119,004 a week  ago.  Hospitalizations at 52,605 from 47,004. 200 million Americans now vaccinated.
• Two major Chinese property firms have defaulted on $1.6 billion worth of bonds to overseas creditors, Fitch Ratings agency said Thursday, as contagion spreads within the country’s debt-ridden real estate sector. — AFP
• White House looks to tighten enforcement sanctions on Iran. (WSJ)
• Senate votes 52-48 to block vaccine mandate. (NYT)
• Federal Reserve’s fourth major shift under Federal Reserve Chairman Powell calls into question their credibility. (CNBC)
• Omicron four times more transmissible than Delta in Japanese study. (Bloomberg)
• FDA to look at boosters for 16 and 17 year olds without advisory committee. (Bloomberg)
• Ark Management (ARKK) Cathie Wood interviewed on CNBC.
• Lyft (LYFT) won’t require staff return to office until 2023 at earliest. (Blooomberg)
• Amazon (AMZN) to retire Alexa.com on May 1,2022.
• Instagram, Other Social-Media Apps Need Stricter Regulation, Senators Say. (Wall Street Journal)
• DISH Boost Mobile’s newest Carrier Crusher plans take on the Big Three directly, offering unlimited everything at just $25/month.
• Robinhood looks at Apple’s (AAPL) $275 billion deal with China helped it thrive in the country. Wonder seeks to improve on meal delivery with chef-centric food delivery trucks.

Moving Average Update:

• Score inches up 4% to 90%. Updated 12/08 close.

Geopolitical: