Total Cases 27,166,267 from 27,063,243
Deaths 465,580 from 461,695
New Tests 1,892,736 from 1,393,156
New Cases 103,024 from 95,194 with positivity rate of 5.4% (down 1.4)
Current Hospitalizations 74,225 from 76,979
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:
Beats: RARE +0.77, BIO +0.69, MHK +0.67, DIS +0.66, JCOM +0.31, AFRM +0.31, DXCM +0.30, CC +0.20, NSP +0.19, TEX +0.19, CRY +0.17, HUBS +0.17, BL +0.14, ILMN +0.08, VCRA +0.08, BRX +0.06, MRC +0.06, SPSC +0.06, SHO +0.06, FRT +0.06, AMK +0.05, CARG +0.05, CGNX +0.05, FLO +0.04, DDOG +0.04, REG +0.03, TWOU +0.03, SVMK +0.03, AEM +0.02, NET +0.02, AUY +0.01
Flat: FROG +0.00, NWE +0.00
Misses: EXPE (0.72), GDDY (0.52), DVA (0.20), SGEN (0.20), FWRD (0.18), BJRI (0.11), DLR (0.08), VRSN (0.07), LLNW (0.05), VECO (0.02), WRE (0.01), CUZ (0.01)
Amicus Therapeutics (FOLD) reports top line results from Phase 3 PROPEL trial.
Datadog (DDOG) to buy Sqreen and Timber Technologies.
WEX to buy certain HSA assets from HealthcareBank for $200 million.
Carl Icahn lowers stake in Tenneco (TEN) by 82,000 share.
Expedia Group (EXPE) sees 2021 being a bumpy year as visibility low.
President Biden secures another 200 million Covid-19 vaccine doses with 100 million each from Pfizer (PFE) and Moderna (MRNA).
Dividend Increases: ALSN RHI KNSL CHCT LPX
Raises Guidance: GDDY MHK HUBS
Stock Buyback New Or Increase: DHX
Insider Buys: GBX DNB (source The Trade Exchange)
Erlanger Valuelines: Volatility is on the rise as noted by the blue highlighting. Updated 2/11 Close
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)
Today After the Close: none of note.
Tuesday Before the Open: CVS, ZTS, PLTR, ECL, DTE, YNDX, VMC, TRU, EXPD, MGP of note.
Earnings This Morning Of Note:
Beats: MSGE +1.21, LECO +0.18, FTS +0.17, NWL +0.08, WPC +0.08, AIMC +0.07, TUFN +0.05, HUN +0.05, PRLB +0.01
Misses: ENB (0.04), MCO (0.03), SXT (0.01)
Still to Report: AXL, CAE
Erlanger Research Advance/Decline Chart – Updated 2/11 Close.
Gap Ups & Down In Early Pre-Market:
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%
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.
Impeachment proceedings continue today with the Republican defense team taking over from the Democrats.
The President and The Vice President receive the President’s Daily Brief, Oval Office, 9:30 a.m. EST
The President and The Vice President meet with a bipartisan group of governors and mayors to discuss the vital need to pass the American Rescue Plan, Oval Office, 11:15 a.m. EST
Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:30 p.m. EST
The President has lunch with The Vice President, Private Dining Room, 12:45 p.m. EST
The President and The Vice President receive an economic briefing with the Secretary of the Treasury, Oval Office, 1:30 p.m. EST
The President departs The White House en route Camp David, South Lawn, 5:30 p.m. EST
Federal Reserve New York President John Williams speaks at 10:00 p.m. EST.
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.
Investor, Sellside and Industry Meetings
NET JNPR AZPN (Investor Day) ST (Conference Call)
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)
Upgrades & Downgrades of Note This Morning: Note that downgrades remain prevalent in February. Today’s Sellside Recommendations below.
Thursday Sellside Recommendations