IPOs on deck: None of note.

IPOs Filed:  None of note.

Secondaries Priced: None of note.

Notes Priced: None of note.

Common Stock filings: KRC TWST DT  of note.

Mixed Shelf Offerings: None of note.

Convertible Offering Files: PEGA of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

CXO +0.23, TPH +0.14, CHE +0.13, DOOR +0.12, FANG +0.11, HLF +0.10, LZB +0.08, SSTI +0.07, ENPH +0.06, NP +0.06, VNO +0.06, HSTM +0.05, HVT +0.04, LC +0.04, TXG +0.04, ATRC +0.03, EXR +0.02, SHO +0.02, KRG +0.01, RPAI +0.01, SOI +0.01, EVBG +0.01, VRSK +0.01  of note.

Missed: 

TIVO (1.58), SGMS (0.71), WIRE (0.32), BLUE (0.25), BKD (0.22), NTR (0.15), KNL (0.11), AMED (0.10), KAR (0.10), GRPN (0.08), TX (0.05), SCPL (0.04), PLMR (0.03), QTS (0.02), AWK (0.01), INVH (0.01), ROIC (0.01)  of note.

Flat: 

A +0.00, ACC +0.00, DVN +0.00, HCKT +0.00, TRTX +0.00 of note.

Hourly Action This Week: Updated 2/18

News After The Close (In Order of Time)

Acacia Communications (ACIA) to be bought by Cisco (CSCO).

Stock Repurchase Announcements: 

Dividend Increases: DVN QTS ADI

Gap Higher: SSTI +21%, ENPH +14%, LZB +5%, TPH +4%, SCPL +4%, HQY +4%

Gap Lower: GRPN -19%, SGMS -11%, KNL -10%, AMED -9%, TXG -5%, DT -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 + Dow Jones Industrial Average +  NASDAQ +  Russell 2000 + . Fair values are higher. Asia mixed and Europe higher.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.09 from $131.33 with yields at 1.564% from 1.546%.  Prices as of 8:30 a.m. EDT.

Positive Sectors On Tuesday: Utilities and Service of note.

Negative Sectors On Tuesday:  Industrial Goods, Consumer Goods and Financials 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:  NTES ET ES WMB O SNPS CPRT OVV PXD SUI  HST Y.

Thursday Before The Open: SO AEP NEM HPL VTR TFX EPAM VIAC DPZ NCLH .

Earnings This Morning Of Note

Beat:

THRM +0.32, GRMN +0.24, DISH +0.15, BCOR +0.12, ATHM +0.12, FVRR +0.10, SAH +0.09, ETR +0.02, NHI +0.02, IART +0.01 of note.

Flat: 

ELAN +0.00, OC +0.00  of note.

Missed:  

FDP (0.42), STNG (0.33), ENBL (0.23), GEL (0.16), DNOW (0.06), AG (0.04), WING (0.03), VPG (0.03), HEP (0.02), FUN (0.02), BHC (0.01) of note.

Still To Report:  ADI, GPC, GLDD, SSW, SMP

 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 2000. (CNBC)

Coronavirus Map. (Bloomberg)

Senator Bernie Sanders (D- VT) carries a double digit lead into tonight’s debate in Las Vegas. (WSJ)

Stock Index Tracking

All back to positive. Current through 2/18 close.

Bold means a change from prior day.

The advance/decline line model moved to cash 1/31 and last Friday moved back to a buy. Updated through 2/18 close. 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 Friday as we kept the 10 DMA above +200 the last two days.

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.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

Weekly MBA Mortgage Applications fell -6.4% week over week.

January PPI is due out at 8:30 p.m. EDT and came in last month at 0.1% and is expected remain at that level.

API Petroleum Institute will release its weekly data at 4:30 p.m. EDT.

Geopolitical:      

President Trump will leave Las Vegas and head to Palm Springs, CA then to Phoenix as he holds a rally before heading back to Las Vegas.

The European Central Bank (ECB) will be out with its latest decision at 7:45 a.m. and then press conference at 8:30 a.m. EDT

Federal Reserve open Market Committee (FOMC) releases its latest minutes from the January meeting at 2:00 p.m. EDT.

Federal Reserve Atlanta President Raphael Bostic speaks at 8:10 a.m. EDT.

Federal Reserve Minneapolis President Neel Kashkari speaks at 11:45 a.m. EDT.

Federal Reserve Dallas President Robert Kaplan  speaks at 3:30 p.m. EDT.

Federal Reserve Barkin speaks at 4:30 p.m. EDT.

The latest Democratic Party Debate takes place in Las Vegas ahead of Saturday’s caucuses there.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: (Update)  (Analyst Day)  (Event) TROW (Investor Day)

Sellside Conferences: Citi Global Industrials Conference (2/19-2/20). Barclays Industrial Conference (2/19-2/20).

Industry Conferences: Canadian International Auto Shows (2/14-2/23). Consumer Analyst Group of New York Conference (2.17-2/21)

M&A Activity

Lending Club (LC) to buy Radius Bank for $185 million.

Upgrades & Downgrades through 8:25 a.m. EDT 2/19