Interesting Fact: The VIX broke and closed below 20 for the first time since February 24th of 2020.

Covid-19 Statistics: 

IPOs Priced or News: None of note.

Secondaries Priced: None of note.

Notes Priced of note: None of note.

Common Stock filings: MILE  of note.

Selling Shareholders of note: EYPT MILE IDEX  of note.

Mixed Shelf Offerings: AXP CMA TPR  INSE  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 +16  Dow Jones Industrial Average +162  NASDAQ +61   Russell 2000 +19 . Fair values are higher ex the Russell. Asia higher and Europe mixed. VIX is at 25.84 from 26.92 this morning in futures. VIX closed at 19.97 from 21.24  and the three month futures at 26.50 from 26.65.

Gold lower, silver higher and copper higher. WTI Crude Oil higher and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $136.14 from $136.77 with the yield at 1.253% from 1.173%.

Positive Sectors On Friday: Energy, Materials and Financials of note.

Negative Sectors On Friday: Utilities and Real Estate 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:

GTHX +34%, AACQ +23%, IMAX +19%, STPK +13%, BWA +10%, DPW +9%, IDEX +9%, BHP +7%, BP +7%, RIO +6%, FCX +5%, RDS.A +5%, MT +4%, MRO +4%

Gap down:

NEPT -14%, NNDM -12%, CRTX -11%

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 – PLTR MSTR AN STZ CLGX CVS LUV AAPL FB PGR  NVDA BMY  (CNBC)

Covid Update –  U.S. sees decline in cases, CVS to get earnings boost from vaccine. (CNBC)

House and Senate seek to approve stimulus bill by the end of February. (CNBC)

California Governor Gavin Newsom may be recalled. (ABC News)

U.K. Covid variant may be 30-70% more lethal. (NYT)

IMAX took in $25 million for the Chinese New Year up 45% from previous best.

WHO approves AstraZeneca (AZN) Covid-19 vaccines for Emergency Authorization Use.

5 million people are awaking to no power this morning with most in Texas. (NPR)

Bitcoin above $50,000. (CNBC)

Marriott (MAR) CEO Arne Sorenson passed away of pancreatic cancer. (CNBC)

Stock Index Trading:

Current through 2/12 close. Overall confidence remains at 100%.

Bold means a change from prior day.

Geopolitical:

Economic:

Sellside: 

Industry Conferences: 

M&A Activity:

Cable ONE (CABO) to buy Hargray Communications for $2.2 billion.

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

Friday Sellside Recommendations