• IPOs Priced or News: None of note.
• New SPACs launched:
  • Roman DBDR Tech Acquisition Corp. (DBDR) stockholders approve business combination with CompoSecure.  It will trade as “CMPO” on December 28th.
  • QFTA: TradeStation Group, Inc. and Quantum FinTech Acquisition Corporation announce filing by TradeStation of Registration Statement on Form S-4 in connection with proposed business combination through which TradeStation is to become a public company.
• Secondaries Priced:
  • BVXV: BiondVax Announces Pricing of $9.0 million Follow-on Underwritten Offering of American Depositary Shares.. pricing of an underwritten public offering of 3,813,560 American Depositary Shares (“ADSs”)  at a public offering price of $2.36 per ADS.
• Notes Priced of note: None of note.
• Common Stock filings/Notes:
  • BVXV: Proposed Underwritten Public Offering of American Depositary Shares.
  • CCLP: Filed Form S-3.. 39,050,210 Common Units Representing Limited Partner Interests.
  • CRTX: Filed Form 424B5.. Up to $150,000,000 Common Stock.
  • NOTV: Filed Form S-1.. $100,000,000 Stock Offering.
  • PRTA: Filed Form 424B5.. Up to $250,000,000 Equity Distribution Agreement.
• Pricing of Over-Allotment: None of note.
• Direct Offering: None of note.
• Selling Shareholders of note:
  • XFOR: Filed Form S-3.. 2,008,032 Shares Common Stock Offered by the Selling Stockholder.
• Private Placement of Public Entity (PIPE): None of note.
• Mixed Shelf Offerings:
  • FSR: Filed Form S-3.. $2Billion Mixed Shelf.
  • NARI: Filed Form S-3ASR .. Mixed Shelf Offering.
  • SRNE: Filed Form S-3ASR $5Billion Mixed Shelf.
  • WINT: Filed Form S-3.. $100Million Mixed Security Shelf.
• Convertible Offering & Notes Filed: None of note. 
• 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 Week:

• Weekly Wrap Up: Best and Worst performing large cap stocks:
  • Trading Up: ITCI 32%, FSM 24%, ABEO 23%, TUR 22%, VET 20%, BPMP 20%, KPTI 20%, CENX 19%, AMRX 19%, RYTM 18%, CTXS 17%, PLAY 17%, CUK 17%, CYTK 17%, BEAT 16%, ERJ 16%, CCL 16%, RAD 16%, CIT 16%
  • Trading Down:  ALLK -87%, DBVT -39%, CTMX -34%, RGS -29%, CAMP -22%, NVAX -18%, MRNA -15%, QDEL -15%, RUBY -13%, EVLO -11%, ATHN -10%, SQM -10%, VCYT -10%, SQQQ -9%, NVTA -9%, CROX -9%, PDBC -9%, SRI -9%

• News Items Over the Weekend:
  • President Biden Administration to lift travel curbs on eight African countries on Dec 31. (Reuters)
  • Moderna (MRNA) is fighting a shareholder proposal demanding the pharma group open up its Covid-19 vaccine technology to poorer countries and explain why its prices are so high given the amount of government assistance it has received. (Financial Times)
  • JETS – U.S. flight cancellations exceeded 2,800 over Christmas weekend, disrupting travel on one of the busiest periods of the year as the omicron-fueled Covid-19 wave triggered air-crew shortages. A winter storm in the northwest part of the country added to the difficulties on Sunday.
  • France reports 104,611 new coronavirus cases, the biggest one-day increase on record.
  • Italy reports 54,762 new coronavirus cases, the biggest one-day increase on record.
  • Florida reported 31,758 new COVID-19 cases on Friday, breaking a record for the most cases in a single day since the start of the pandemic in the U.S. in March 2020, according to data from the CDC.  (AP)
  • Northrop Grumman (NOC) awarded a $1.4 billion US Army contract for production of the Integrated Battle Command System.
  • AMC ‘Spider-Man No Way Home’ crosses $1 billion to lead box office for 2021.
  • Barron’s:
    • Positive View: PACK, PFE, BABA, BUD, SAM, JPM, SIVB, PNFP, BANF, SFBS, WAL, WMT, COST, TGT, BJ, M, KSS.
    • Negative View: None of note.
    • Mixed View: None of note. 
• Exchange/Listing/Company Reorg and Personnel News: 
  • Natuzzi S.p.A. (NTZ) Announces Resignation of Its Chief Financial Officer.
  • ION (IO) receives continued listing standards notice from the New York Stock Exchange.
• Buyback Announcements:
  • CRH Continues Share Buyback Program.
  • New Mountain Finance (NMFC) authorizes an additional $50 million for share repurchase program.
• Stock Splits: None of note.
• Dividends Announcements: None of note.

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

S&P 500 +15 Dow Jones Industrial Average +66 NASDAQ +68 Russell 2000 +0.42. Asia and Europe mixed. VIX is at 21.35 from 21.52 yesterday morning. Gold, Silver and Copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $130.48 from $130.63 on Thursday with yields at 1.491% from 1.477% Thursday morning. Bitcoin at $51,166 from $48,715.29 Thursday morning and +1.63%. As of 8:00 a.m. EST.

Thursday’s Action – 12/23 Close:  

• Daily Positive Sectors: Industrials, Consumer Cyclical, Basic Materials, Financial, Technology, Communication Services of note.
• Daily Negative Sectors: Real Estate of note.
• One Month Winners: Healthcare. Utilities, Real Estate of note.
• Three Month Winners: Real Estate, Basic Materials, Technology of note.
• Six Month Winners: Technology, Real Estate, Utilities of note.
• Twelve Month Winners: Energy, Real Estate, and Technology of note.
• Year to Date Winners: Energy, Technology, and Real Estate  of note.

Indexes up again.  Santa worked hard.  Nasdaq Composite and Russell 2000 led the way with 0.85% and 0.89% gains.  GLD, SLV, USO were also up with USO +0.88%. Updated 12/23 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: BORR +6%, DBDR +4%, XXII +3%, VLD +3%
  • Gap Down: UAL -3%, CCL -3%

Insider Action: IQV sees Insider buying with dumb short selling and SYNL has smart short sellers with insider buys. 12/22 close

Rags & Mags: Highlighted Stories may be clicked through to the original story.  Repeated stories from prior days never listed, i.e. “rehashed news”.

• Stocks Making the Biggest Moves: GDDY, AAPL, CI, DIDI, CAR, MRNA (CNBC)
• Covid-19 cases rose to 243,817 from 156,754 a week ago. Hospitalizations came in at 60, 871 from 59,944.
• China increased lockdown in Xi’an as Covid-19 case rose. (FT)
• The People’s Central Bank will provide additional economic support. (Bloomberg)
• NIH Director Dr. Fauci noted that Omicron is less severe but caseload will neutralize the severity.  (ABC News)
• CDC shortens the time for quarantine for healthcare workers.
• Thousands of U.S. flights were cancelled as airline personnel were hit by Omicron. Airline stocks lower. (NYT)
• Merck’s (MRK) oral anti-viral gets EUA approval in Japan.
• Starboard Takes 6.5% Stake Worth Around $800 Million in GoDaddy (GDDY). (Wall Street Journal)

Moving Average Update:

• Score increases to 93% from 86% from 60%. Updated 12/23 close.

Geopolitical: