• IPOs Priced or News: None of note.
• New SPACs launched:
  • SVF Investment Corp (SVFC) (Softbank [SFTBY] affiliation) will take Symbotic public through partnership.
• Secondaries Priced:
  • ATXI: Prices $2.0 million Underwritten Public Offering of Common Stock.. Priced @$1.07.
• Notes Priced of note: None of note.
• Common Stock filings/Notes:
  • ACET: Closing of $100 Million Public Follow-On Offering and Exercise in Full of the Underwriters’ Option to Purchase Additional Shares.
  • CNTX: Filed Form S-1.. 10 million shares.
  • FREQ: Filed Form 424B5.. $125 million.
• Pricing of Over-Allotment: None of note.
• Direct Offering: None of note.
• Selling Shareholders of note:
  • SWN: Southwestern Energy Announces Proposed Block Trade of 63,976,376 Shares of Common Stock by selling stockholders.
  • APRN: Filed Form S-3.. 19 million shares of class A common stock by selling stockholders.
• Private Placement of Public Entity (PIPE): None of note.
• Mixed Shelf Offerings:
  • OMEX: Filed Form S-3.. $100 million mixed shelf.
• Convertible Offering & Notes Filed: 
  • MSFT: Filed Form S-3ASR.. Debt Securities.
  • WDC: Closing of Debt 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 and Over the Weeke:

• Weekly Wrap Up: Best and Worst performing large cap stocks:
  • Trading Up: TACO 66%, JT 41%, LOVE 31%, GOL 29%, TBPH 28%, TRUP 27%, PLAB 25%, LPI 23%, EDU 22%, PI 20%, SIMO 20%, CIEN 20%, LHCG 20%, SWN 19%, MESO 19%, PTEN 19%, CPG 19%, ACAD 19%, EPAY 18%
  • Trading Down: RETA -63%, RDUS -52%, EVBG -43%, HQY -24%, AVAV -19%, SFIX -17%, AXDX -17%, MRNA -16%, ENTA -16%, CONN -14%, GME -14%, HMY -13%, AGIO -13%, LE -12%, PATK -12%, FLWS -12%, JOBS -12%, GFI -11%, POWI -11%

• News Items Over the Weekend:
  • Stocks That Defined the Week: RCL, SBUX, INTC, AAL, PFE, TSN, GM  (Wall Street Journal)
  • President Biden Aims to Win Pivotal Democrat’s Support for $2 Trillion Spending Plan (Wall Street Journal)
  • A series of tornados tore across Tennessee, Kentucky and Illinois leaving a path over 200 miles long with estimates over 100 dead. (NYT)
  • At least six people died in Illinois when an Amazon (AMZN) warehouse in Illinois took a direct hit. (New York Times)
  • Pfizer (PFE) Booster Shots Are Effective Against Omicron Variant, Israeli Study Says. (Wall Street Journal)
  • In response to Texas abortion ban, California Governor Newsom calls for similar restrictions on assault weapons. [DKS, ASO, RGR, SWBI, VSTO]  (LA Times)
  • Barron’s:
    • Positive View: LVMUY, SRAD, DOCU, ZM , CRM, SNOW, AAPL
    • Negative View: None of note.
    • Mixed View: None of note.
  • Assets Under Management for November: None of note.
• Exchange/Listing/Company Reorg and Personnel News: 
  • Effective at year end, Altimmune (ALT) appoints the replacement of Will Brown with Richard Eisenstadt as CFO.
  • BitNile Holdings, Inc. (NYSE American: NILE) Completes Name and Stock Ticker Symbol Change from Ault Global Holdings, Inc. (NYSE American: DPW)
  • Credit Suisse (CS) appoints Francesco De Ferrari as Chief Executive Officer of the Wealth Management Division.
  • Eneti Inc. (NETI) Announces Purchase of Common Shares by the President of the Company.
  • Fox News Media (FOXA) announces the departure of Chris Wallace.
  • Inogen (INGN), effective immediately, appoints Mike Sergesketter as interim CFO.
  • ObsEva (OBSV) names Will Brown as CFO (see above – Altimmune ([ALT]).
  • NASDAQ 100 additions PANW ABNB FTNT LCID ZS DDOG and deletions CDW FOXA CERN CHKP TCOM INCY.
• Buyback Announcements:
  • Protolabs (PRLB) announces $50 million increase to stock repurchase authorization.
  • Waterstone Financial (WSBF) intends to repurchase up to 3.5 million of its issued and outstanding shares, representing approximately 14.1% of its issued and outstanding shares of common stock.
  • RingCentral (RING) may repurchase up to $1000 million of its outstanding Class A common stock.
• Stock Splits: None of note.
• Dividends Announcements: 
  • AMCON Distributing Company (DIT) announces $5.00 special dividend.
  • Trinity Industries (TRN) announces increase of 10% to quarterly dividend to $0.23 per share.
  • Union Pacific Corporation (UNP) announces 10% dividend increase for fourth quarter 2021 to $1.18 per share from $1.07.

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

S&P 500 +8 Dow Jones Industrial Average +12 NASDAQ +61 Russell 2000 +3.49. Asia lower and Europe mixed. VIX is at 19.71 from 21.15 Friday. Gold, Silver and Copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $130.48 from $130.14 with yields at 1.467% from 1.511% yesterday morning. Bitcoin at $48,520 from $49,166 on Friday morning and this morning -3.75%. As of 8:25 a.m. EST.

Friday’s Action – 12/10 Close:  

• Daily Positive Sectors: Consumer Defensive, Technology, Energy, Utilities, Consumer Cyclical of note.
• Daily Negative Sectors: Healthcare of note.
• One Month Winners: Utilities, Technology, Basic Materials of note.
• Three Month Winners: Energy, Technology, Industrials of note.
• Six Month Winners: Technology, Industrials, 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 finished the week positive except for Russell 2000 (-0.38%).  Large Cap (SP100) led the way with a 1.15% return on Friday.  Oil and Natural Gas were both up, +1.98% and +2.67% respectively.  Updated 12/10 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: ARNA +93%, FHTX +38%, BLU +30%, BLUE +11%, HOG +10%, MREO +8%, EDIT +8%, SANA +7%, TGTX +6%, MNOV +6%, BKEP +5%, RAM +4%
  • Gap Down: IGMS -23%, RENN -4%, SWN -3%

Insider Action: WMK sees Insider buying with dumb short selling and NAUT has smart short sellers with insider buys. 12/10 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: HOG ARNA PTON (CNBC)
• Covid cases are at 152,970 from 149,222 a week ago.
• Israeli study finds that Pfizer (PFE) vaccine booster is effective against Omicron. (WSJ)
• NIH Director Anthony Fauci notes that Omicron can evade immunity from initial vaccines but boosters provide efficacy and better protect against the variant. (ABC News)
• South African Doctors see that the Omicron variant is milder than Delta with only 30% of those hospitalized seriously ill, half previous waves.
• U.K. Prime Minister Boris Johnson notes that one patient has died of Omicron. (CNBC)
• China’s President Xi Jinping is set to meet Russia’s President Vladimir Putin virtually on Wednesday. (CNBC)
• Mohamed El-Erian, chief economic advisoer for Allianz, says Fed use of ‘transitory’ to describe inflation was its worst call ever .(Market Watch)
• Omicron can hit the double vaccinated, Oxford study says, as UK prepares for ‘tidal wave’ of cases. (CNBC)
• OPEC releases its December 2021 Report and no change to world oil demand since last month.
• Dozens of Jefferies (JEF) employees have tested positive for Covid-19, forcing the Wall Street firm to ask staff to work from home, stop virtually all travel and cancel social events. (CNN)
• More companies delay return to office plans. (WSJ)
• Exxon (XOM) and Halliburton (HAL) in talks to take stakes of oil fields in Iraq. (Bloomberg)
• McDonalds (MCD) to open 200 stores in Italy. (Reuters)
• RIVN named 2022 MotorTrend Truck of the Year.
• EU should approve the purchase of Nuance Communications (NUAN) by Microsoft (MSFT). (Reuters)
• Intel (INTC) To Invest $7B On Malaysia Chip Plant.

Moving Average Update:

• Score remains at 76%. Updated 12/10 close.

Geopolitical: