Interesting Fact: .

Covid-19 Statistics: 

**** The COVID Tracking Project will stop collecting data on March 7, 2021 ***

IPOs Priced or News: None of note.

Secondaries Priced: YMAB EPIX SITM  of note.

Notes Priced of note: OZON of note.

Common Stock filings: VERU MTEM ARMK IMBI  of note.

Selling Shareholders of note: None of note.

Mixed Shelf Offerings: ZG 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 2/17 close. Trading remains mixed.

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 mixed this morning but nothing substantial. The low overnight on the S&P 500 was at 2:30 a.m. EST down 10 points from current levels.

S&P 500 -26   Dow Jones Industrial Average -173   NASDAQ -137   Russell 2000 -15.51. Fair values are higher ex the Russell. Asia  and Europe mixed. VIX is at 26 from 26.15 this morning in futures. VIX closed at 21.50 from 21.46  and the three month futures at 27.52 from 27.55.

Gold higher, silver lower and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $135.81 from $135.61 with the yield at 1.296% from 1.33%.

Positive Sectors On Wednesday: Energy, Consumer Cyclicals and Utilities of note.

Negative Sectors On Wednesday: Technology, Materials  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:

CAPA +50%, CBLI +47%, CPG +16%, SNBR +13%, TWLO +10%, MANT +10%, WK +10%, CYH +7%, TLRY +6%, TSLX +6%, AXTA +6%, NTR +5%, MX +5%, EIG +5%, FVRR +5%, CGNT +4%, PRVB +4%, LXP +4%

Gap down:

SM -10%, MTEM -10%, IQ -10%, QTWO -9%, STMP -9%, AM -9%, NICE -8%, SPWR -8%, VERU -6%, FSLY -6%, SAM -6%, FTI -5%, MD -5%, SI -5%, SNN -5%, GMED -4%, ALB -4%

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

Stocks Making The Biggest Moves – WMT HRL MAR (CNBC)

Covid Update: Life expectancy drop by 1 year in U.S. (CNBC)

SEC to consider changes to short selling rules including full disclosure. (WSJ)

House members on the House Financial Services Committee to ask why trading was shut down in Gamestop (GME) during today’s hearing. (CNBC)

Millions still without power in Texas as new snowstorm approaches. (NYT)

Walmart (WMT) to raise wages for 425,000 workers.

Tesla (TSLA) lowers price of Model Y and 3. (Reuters)

Stock Index Trading & Yesterday’s Results:

Current through 2/17 close. Overall confidence moves from 97%.

Bold means a change from prior day.

Yesterday’s results.

Geopolitical:

Economic:

Weekly Jobless Claims are due out at 8:30 a.m. EST. Came in higher, not good, at 869,000.

January Housing Starts are due out at 8:30 a.m. EST and are expected to rise slightly to 1,670,000 from 1,669,000. Came in 1,580,000.

February Philadelphia Fed Index is due out at 8:30 a.m. EST and is expected to fall to 15 from 26.5. Came in at 23.1.

Weekly Crude Oil Inventories due out at 10:30 a.m. EST and Weekly Natural Gas Inventories due out at 11:00 a.m. EST.

$9 billion of 30 Years auctioned at 1:00 p.m. EST.

Industry Conferences: PeopleSoft Innovation Summit

M&A Activity:

Upgrades & Downgrades of Note This Morning: Note that downgrades remain prevalent in February.

Today’s Sellside Recommendations below.

Wednesday Sellside Recommendations