Breaking News:

Covid-19 Statistics: 

IPOs Priced or News:  

Secondaries Priced:  None of note.

Notes Priced of note:  None of note.

Common Stock filings:   ID VINC of note.

Selling Shareholders of note: FOLD ALRN VINC MNOV  of note.

Mixed Shelf Offerings: RYI  GRTS ONDS ENG   of note.

Convertible Offering Files:   None of note.

Summary From The Trade Exchange bringing traders and investors real time news and Squawk Box.

Earnings Out After The Close Of Note:

Hourly Action – Updated 1/29 close. Indexes struggled 2:00 onward last week.

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Quick comment -Futures are very strong this morning reversing a portion of Friday’s losses.

S&P 500 +30  Dow Jones Industrial Average +206   NASDAQ +130   Russell 2000 +21 . Fair values are lower. Asia and Europe higher. VIX is at 31.08 from 31.85 this morning in futures. VIX closed at33.09  from 37.21 and the three month futures at 33.88 from 35.73.

Gold and silver higher with copper lower. 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 $137.13 from $137.06 with the yield at 1.077% from 1.089%.

Positive Sectors On Thursday: All of note led by Financials, Materials and Industrials.

Negative Sectors On Thursday:  None of note.

One Month Winners: Energy, Financials Real Estate and Industrials  of note.

Three Month Winners: Industrials, Communication Services, Utilities and Financials of note.

Six Month Winners: Consumer Cyclical, Industrials, Technology and Materials of note.

Twelve Month Winners: Technology, Consumer Cyclical, Communication Services and Healthcare of note.

Year to Date: Energy, Materials, Healthcare and Financials of note.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

Gap Ups & Down In Early Pre-Market:

Gap up:

GRTS +33%, API +27%, MTNB +24%, AMC +18%, SRNE +14%, DVAX +13%, EH +9%, ID +8%, HOLI +8%, SPCE +8%, DPW +8%, TLRY +6%, KOSS +6%, XPEV +6%, BB +6%, ASPL +5%, NVAX +4%, ENG +4%, NIO +4%

Gap down:

NNOX -11%, 1ALRN -4%

Rags & Mags: Highlighted Stories may be clicked through to the original story. 

5 Things To Know Before The Open – (CNBC)

Stocks Making The Biggest Moves –  (CNBC)

Biggest Analyst Calls of The Day – TSLA SPCE MCD (CNBC)

Covid Update –  Southwest Airlines loses money for the first time since 1972. (CNBC)

President Biden to meet with 10 Republicans Senators on a $600 billion stimulus which is lower than the Biden $1.9 trillion. (The Washington Post)

Senate Majority Leader Schumer to start budget reconciliation process even though will not help Stimulus Bill. (Bloomberg)

Melvin Capital loses 53% in January. Now managing $8 billion down from $13 billion. (WSJ)

Exxon (XOM) and Chevron (CVX) discussed a merger last year. (WSJ)

Interactive Brokers (IBKR) lifts all trading restrictions om options trading.

Robinhood limits but trading allowed in AMC BB EXPR GME GNUS KOSS NAKD NOK.

Silver spiking this morning as Redditt contributors start a short squeeze there. (Bloomberg)

Stock Index Trading:

Current through 1/29 close. Overall confidence moves from 50% to 33%.

Bold means a change from prior day.

Geopolitical:

Sellside:

Industry Conferences: Annual LSX World Congress (2/1-2/5)

M&A Activity:

Upgrades & Downgrades of Note This Morning: Note that downgrades  increased in January.

Thursday Recommendations