Breaking Headline: CDC Director notes that coronavirus to be around next flu season and next year.

IPOs on deck: None of note.

IPOs Filed:  None of note.

Secondaries Priced:   TSLA SLGL of note.

Notes Priced: None of note.

Common Stock filings: None of note.

Mixed Shelf Offerings:  FR of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

DXCM +0.50, AYX +0.35, CGNX +0.33, NVDA +0.22, ANET +0.20, TEX +0.17, TLND +0.13, DLPH +0.12, CC +0.11, AMN +0.10, BKI +0.06, EXPE +0.06, DDOG +0.05, SPSC +0.05, MHK +0.05, BFAM +0.04, CARG +0.04, SPXC +0.04, DLR +0.03, LOGM +0.03, RSG +0.03, VECO +0.03, FNF +0.03, AEM +0.02, SWAV +0.02, CRY +0.02, SVMK +0.02, BL +0.01, NET +0.01 of note.

Missed: 

MERC (0.46), LPSN (0.35), MRC (0.18), BIO (0.13), RARE (0.09), YELP (0.03), PDFS (0.02), MAT (0.02), TRUP (0.01) of note.

Flat: 

ARI +0.00, CXP +0.00, GDDY +0.00, HTA +0.00, ROKU +0.00, TNET +0.00, WRE +0.00, AUY +0.00  of note.

Hourly Action This Week: Updated 2/12

News After The Close (In Order of Time)

Papa John’s (PZZA) founder John Schnatter lowers stake in the company to 6.1% from 9%.

Baxter (BAX) determines that financial statements are no longer “reliable” as investigation into books continues.

Royal Caribbean (RCL) notes that coronavirus will impact earnings by $0.65 and another $0.55 if rest of Asian trips cancelled.

Omnicell (OMCL) receives letter from the SEC that no enforcement action to be taken after current investigation is now completed.

Stock Repurchase Announcements: YELP BKI

Dividend Increases: UPS KNSL AUY

Gap Higher: CGC +14%, EXPE +12%, AMN +9%, DXCM +9%, ROKU +8%, SVMK +8%, BKI +7%, NVDA +7%, CC +6%, GDDY +6%, VECO +4%, IMGN +4%, TNET +4%

Gap Lower: CARG -19%, SLGL -18%, LPSN -18%, TLND -14%, MRC -13%, YELP -12%, ANET -9%, RBS -8%, DDOG -5%, MERC -5%, SWAV -5%, CRY -4%

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. 

S&P 500 +10 Dow Jones Industrial Average +55  NASDAQ +36  Russell 2000 +4.96. Fair values are lower. Asia and Europe mixed.

Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $130.92 from $130.97 with yields at 1.597% from 1.623%.  Prices as of 8:30 a.m. EDT.

Positive Sectors On Thursday: Utilities of note.

Negative Sectors On Thursday:  Materials, Industrials and Healthcare of note.

One Month Winners: Conglomerates, Utilities, Technology and Consumer Goods.

Three Month Winners: Healthcare, Consumer Goods and Technology.

Six Month Winners: Consumer Goods, Utilities, Healthcare, Technology, Industrials and Financials.

Twelve Month Winners: Consumer Goods,Technology, Utilities, Industrials and Services.

Year to Date: Conglomerates, Utilities, Technology, Consumer Goods and Industrial Goods.

Upcoming Earnings Of Note (sorted by market cap, highest to lowest)

Today After The Close:  AL

Tuesday Before The Open: WMT MDT ECL VMC TRU LDOS WAB ALLE EXPD AAP WLK ATH CHH SITE FLR JELD VG BLMN CEVA

Earnings This Morning Of Note

Beat:

 CGC +0.13, POR +0.08, ESNT +0.06, NWL +0.05 of note.

Flat:

SXT +0.00 of note.

Missed:  

YNDX (7.25), AZN (0.11), TRTN (0.04), ENB (0.03) of note.

Still To Report: AXL, ABR, MGP, PPL

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

Top News Story: 

5 Things To Know Before The Market Opens. (CNBC)

5 Things To Know To Start Your Day. (Bloomberg)

Stocks Moving This Morning. (CNBC)

Coronavirus (COVID 19) update sees deaths move over 1300. (Bloomberg)

COVID 19 map in Asia. (NYT)

Singapore warns of recession due to coronavirus. (CNBC)

Senate passed resolution to limit President Trump’s authority on Iran but did not get enough votes to limit President Trump from a veto. (NYT)

Gilead (GILD) drug prevented a type of coronavirus in a monkey. (Reuters)

Tesla (TSLA) recalls 3183 Model X cars in China. (Reuters)

Delta (DAL) CEO interviewed on CNBC and pledges to go carbon neutral next month. (CNBC)

Stock Index Tracking

All back to positive. Current through 2/13 close.

Bold means a change from prior day.

The advance/decline line model moved to cash 1/31 and this morning moves back to a buy. Updated through 2/13. In 2019, the model was up 16.48% on the S&P 500 and this year is up 2.08%. 5 buy signals and 4 cash signals in 2019. Current buy signal ended with a gain of 9.83% and began on 10/17/19. We got back to a buy this morning as we kept the 10 DMA above +200 the last two days.

Courtesy of Phil Erlanger Research, Inc.

Algo/HFT Trading Levels:

The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Update through 2/13.

Economic & Related:

January Retail Sales is due out 8:30 a.m. EDT and the estimate is for it to stay at 0.3%.

January Industrial Production is due out at 9:15 a.m. EDT and is expected to stay at -0.3%.

February University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 99.2 from 99.8.

Geopolitical:      

President Trump will receive his intelligence briefing at 11:45 a.m. EDT. Then speaks to the National Border Patrol Council members at 2:30 p.m. EDT. Finally, he leaves for Mar-a-Lago at 4:00 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: XXII (FDA Meeting)

Sellside Conferences: Guggenheim Healthcare Talks Oncology Day 2020 (2/13-2/14). Keefe Bruyette & Woods Winter Financial Services Symposium (2/13-2/14).

Industry Conferences: Chicago Auto Show (2/8-2/17). Developers SF Bay Area Conference and Expo 2020 (2/12-2/16). Canadian International Auto Shows (2/14-2/23).

M&A Activity

Upgrades & Downgrades through 8:30 a.m. EDT 2/13