• IPOs Priced or News: None of note.
• New SPACs launched:
  • Altus Power combines with CBRE Acquisition Holdings, Inc. (CBAH) and will trade under symbol “AMPS” starting today.
  • CC Neuberger Principal Holdings II (PRPB) to merge with Getty Images. Conference Call at 8:30 a.m. EST to discuss.
  • North Mountain Merger Corp (NMMC) to merge with Corcentric.
• Secondaries Priced:
  • BSVN: Pricing of Secondary Offering – 1 million shares @$22.
• Notes Priced of note:
  • SSSS: Prices Public Offering of $70 million 6.00% Notes Due 2026.
  • Lucid Motors USA (LCID) announced the pricing of its offering of $1.75 billion aggregate principal amount of 1.25% convertible senior notes due 2026.
• Common Stock filings/Notes:
  • Eneti Inc. (NETI) Announces Purchase of Common Shares by the President of the Company.
  • BTTX: Filed Form 424B3.. Up to 20,406,908 Shares of Common Stock.
  • CCNC: Proposed Underwritten Public Offering of Common Stock and Warrants.. Aegis bookmanager.
  • NYMX: Filed Form F-3.. $25 Million Common Shares, Debt Securities.
  • SI: Closing of Public Offering of Class A Common Stock.
  • KTTA: Filed Form S-1.. 17,710,000 Shares of Common Stock Offered by the Selling Stockholders.
• 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:
  • BK: Filed Form S-3ASR Mixed Shelf Offering.
  • SNA: Filed Form S-3ASR Mixed Shelf Offering.
• Convertible Offering & Notes Filed: 
  • LAC: Closes Over-Allotment on Convertible Senior Notes 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: AI +20%, ORCL +10%, AVGO +6%, BTG +6%, HALO +6%, INTT +5%, CXM +3%,
  • Trading Down: AOUT -19%, ANGN -19%, EVBG -18%, MESA -13%, CHWY -7%, MTN -5%, IMUX -5%, FIZZ -5%

• News Items:
  • Stocks making the biggest moves after hours: ORCL, CHWY, AVGO, LULU, COST  (CNBC)
  • Department of Defense Awards C3 AI (AI) $500 Million Agreement.
  • Mesa Air (MESA) expects that Covid-19 issues will impact the next two quarters.
  • Microsoft (MSFT) quietly told Apple (AAPL) it was willing to turn big Xbox-exclusive games into iPhone apps. (The Verge)
  • Lululemon Athletica (LULU) on earnings call lowers revenue guidance on MIRROR to $125 to $130 million due to supply chain issues.
  • Starbucks (SBUX) Workers at Buffalo-Area Store Vote in Favor of Unionizing. (Wall Street Journal)
  • Moderna (MRNA) to Host Conference Call on Phase 1 Interim Analysis for mRNA Flu Vaccine on Friday, December 10.
  • Assets Under Management for November – IVZ to $1.572 Billion, AB to $759 Billion, APAM $169 Billion, BEN to $1.546 Trillion, LAZ to  $267.4 Billion.
• Exchange/Listing/Company Reorg and Personnel News: 
  • Everbridge (EVBG) CEO David Meridith to resign and company reiterates guidance.
  • Sun Life (SLF) Bill Anderson retires as Chair in May 2022 and will be replaced by Scott Powers.
  • FIGS (FIGS) Announces Retirement of Chief Financial Officer, Jeffrey Lawrence; FIGS’ Longtime Senior Vice President of Finance and Strategy, Daniella Turenshine, Appointed as Chief Financial Officer.
  • Wingstop (WING) CEO sold shares worth $3.3 million.
• Buyback Announcements:
  • American Outdoor Brands (AOUT) Board of Directors Approves $15 Million Share Repurchase Program.
  • Broadcom Inc. (AVGO) Announces $10 Billion Share Repurchase Authorization.
  • Crown Holdings, Inc. (CCK) Authorizes $3.0 Billion Of Share Repurchases.
  • C.H. Robinson (CHRW) Increases Share Repurchase Authorization by 20 Million.
  • Halozyme (HALO) announces $750 million three-year share repurchase program.
  • Kforce Inc. (KFRC:) entered into a corporate stock repurchase plan, which allows the Firm to repurchase outstanding common stock under a share repurchase program authorized by the Firm’s Board of Directors.
  • Leslie’s (LESL) announces $300 million share repurchase program.
  • Vale Resorts (MTN) declares $0.88 per share of common stock dividend.
  • Orchid Island Capital (ORC) Announces December 2021 monthly dividend, November 30, 2021 and increase in Stock Repurchase Program.
  • Oracle (ORCL) increases share repurchase program by $10 billion.
  • Waste Management (WM) authorizes repurchase of up to $1.5 billion in common stock.
  • Zumiez (ZUMZ) discloses repurchase of $150 million in common stock.
• Stock Splits: None of note.
• Dividends Announcements: 
  • Amerant Bancorp (AMTB) announces $0.06 per share dividend.
  • Broadcom Inc. (AVGO) increases quarterly dividend to $4.10 per share, a 14% increase.
  • CenterPoint (CNP) increases dividend to $0.17 per share, an 8% increase.
  • Claros Mortgage Trust (CMTG) announces dividend of $0.37 per share of common stock.
  • C.H. Robinson (CHRW) Increases Quarterly Cash Dividend.
  • Edison (EIX) declared increase in quarterly stock dividend to $0.70.
  • Erie Indemnity (ERIE) Approves Management Fee Rate and Dividend Increase to $1.11 from $1.035.
  • Lamer Advertising (LAMR) special cash dividend of $0.50 per share.
  • TE Connectivity (TEL) increases quarterly dividend by $0.06 to $0.56 per share, a 12% increase.
  • Utz Brands (UTZ) increases quarterly dividend by +0.004 to $0.054 per share.
  • Waste Management (WM) increase quarterly dividend to $0.65 per share, a 13% increase.

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

S&P 500 +8 Dow Jones Industrial Average +36 NASDAQ +10 Russell 2000 +2.19. Asia lower and Europe mixed. VIX is at 21.15 from 21.03 yesterday. Gold, Silver and Copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $130.14 from $130.41with yields at 1.511% from 1.484% yesterday morning. Bitcoin at $49,166 from $49,193 yesterday morning and this morning up 3.52%. As of 8:15 a.m. EST.

Wednesday’s Action – 12/09 Close:  

• Daily Positive Sectors: none of note.
• Daily Negative Sectors: Consumer Cyclical, Technology, Real Estate, Energy, Communication Services, Basic Materials, Healthcare, Industrials, Financials of note.
• One Month Winners: Utilities of note.
• Three Month Winners: Energy, Technology, Real Estate 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 ended on the lows.  Small Cap ($RUT) took the brunt of the negative day closing out down -2.27%.  Silver (SLV) pulled back -2.17 and Oil (USO) down -2.67.  Updated 12/09 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: CNTX 34%, AI 20%, ORCL 12%, OCX 11%, AVGO 7%, INTT 6%, HALO 5%, LESL 4%, RRD 3%, ORC 3%, CXM 3%, GTE 3%
  • Gap Down: EVBG -31%, AOUT -19%, ANGN -19%, MESA -15%, CHWY -10%, PTRA -7%, FIZZ -6%, MTN -5%, IMUX -5%

Insider Action: BCO sees Insider buying with dumb short selling and APO 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: CHWY, LULU, PTON, AVGO, ORCL, BYND, AI, AOUT, MTN, AMC (CNBC)
• Five Things To Know Before The Market Opens. (CNBC)
• Covid-19 cases 125,961 against 129,818 last week. Hospitalization rise to 53,714 against 47,714.
• White House continues rhetoric against Iran over their nuclear program and taking additional measures.
• President Biden to pass bill to raise the debt ceiling, avoiding a government shut down. (NYT)
• Life Insurance company payouts hit highest level since 1918. (WSJ)
• U.S. authorities win their latest bid to extradite WikiLeaks founder Julian Assange from Britain to U.S. Assange lawyers to challenge. (CNN)
• Centene (CNC) raises 2022 revenue guidance above consensus.
• Toyota (TM) expands production stoppage in Japan. (Reuters)
• Bank of America Corp (BAC) –  Last Two Months Seen Biggest Inflows Into Money Market Funds Since June 2020.
• Bottomline Technologies (EPAY) looking to put itself up for sale. (Bloomberg)
• Telsa (TSLA) CEO and Founder Elon Musk tweets “thinking of quitting my jobs & becoming an influencer full time wdyt.” (Twitter)
• Robinhood looks at JP Morgan saying that life returns to normal in 2022. Stabucks (SBUX) workers at a store in Buffalo vote to form union at first Starbucks store.

Moving Average Update:

• Score drops down to 76% from 90%. Updated 12/09 close.

Geopolitical: