Covid-19 Statistics: 

IPOs Priced or News: Decibel Therapeutics (DBTX) priced at $18 above range. Talis Biomedical (TLIS) priced at $16 below range.  SQZ Biotechnologies (SQZ) priced at $20 a share. NexImmune (NEXI) priced at $17 at high end of range.

Secondaries Priced: APLT PLX TVTX ONCR CDAK  of note.

Notes Priced of note: None  of note.

Common Stock filings: CRVS INFI CFMS PLX LOTZ CREE AGFY   of note.

Selling Shareholders of note: BBIO of note.

Mixed Shelf Offerings: CDR of note.

Convertible Offering Files:  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 2/11 close. 

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  lower  this morning but nothing substantial. The low overnight on the S&P 500 was a 4:00 a.m. EST down 15 points from current levels.

S&P 500 -11  Dow Jones Industrial Average -47  NASDAQ -41   Russell 2000 -8.52. Fair values are higher ex the Russell. Asia  closed due to Lunar New Year and Europe mixed. VIX is at 26.92 again this morning in futures. VIX closed at from 21.24  and the three month futures at from 26.65.

Gold lower, silver higher and copper lower. 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 $136.77 from $137 with the yield at 1.173% from 1.148%.

Positive Sectors On Thursday: Technology, Real Estate, Communication Services and Financials of note.

Negative Sectors On Thursday: Energy, Utilities and Materials 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:

XERS +27%, HUBS +18%, RTP +16%, GP +9%, IMGN +8%, FCAC +7%, VCRA +7%, CLPT +6%, JCOM +6%, BHC +6%, CGNX +6%, INFI +5%, FTFT +5%, CUZ +5%, ING +5%, TWOU +5%, CVAC +4%

Gap down:

CLGN -28%, FOLD -22%, LLNW -20%, PLX -16%, CFMS -12%, VECO -10%, CRVS -9%, CARG -9%, SVMK -8%, NET -6%, AFRM -6%, ONCR -6%, PHUN -6%, AEM -6%, SGEN -4%, DDOG -4%, CREE -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 –DIS CHRN  (CNBC)

Biggest Analyst Calls of The Day –GOOGL ABNB (CNBC)

Covid Update –  Physicians warn Covid may never learn, Japan approves Pfizer vaccine. (CNBC)

Coupang files for IPO in the U.S. A South Korean company that merges Amazon, Door Dash and Uber. (CNBC)

Robinhood features Bumble (BMBL) begins to trade, expect Robinhood trader to run it.

Stock Index Trading:

Current through 2/11 close. Overall confidence remains at 100%.

Bold means a change from prior day.

Geopolitical:

Impeachment proceedings continue today with the Republican defense team taking over from the Democrats.

Economic:

February University of Michigan Consumer Sentiment is due out at 10:00 a.m. EST and is expected to rise to 80.80 from 79.00.

Baker Hughes Rig Count at 1:00 p.m. EST.

Sellside: Guggenheim Healthcare Talks Oncology Day (2/11-2/12) Keefe Bruyette & Woods Winter Financial Conference (2/11-2/12)

Industry Conferences: American Society of Clinical Oncology (ASCO) Genitourinary Cancer Symposium (2/11-2/13)

M&A Activity:

Upgrades & Downgrades of Note This Morning: Note that downgrades remain prevalent in February. Today’s Sellside Recommendations below.

Thursday Sellside Recommendations