Breaking News:

Covid-19 Statistics: 

IPOs Priced or News:  Dating APP Bumble sets pricing for IPO. (Bloomberg)

Secondaries Priced: EYPT of note.

Notes Priced of note:   None of note.

Common Stock filings: ARQT IV EYPT RVMD CURI  of note.

Selling Shareholders of note: NBEV of note.

Mixed Shelf Offerings: BDTX  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 1/29 close. Indexes struggled 2:00 onward last week.

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 very strong this morning reversing a portion of Friday’s losses.

S&P 500 +32  Dow Jones Industrial Average +254   NASDAQ +113   Russell 2000 +21. Fair values are lower. Asia and Europe higher. VIX is at 28.98 from 31.08 this morning in futures. VIX closed at 30.24 from 33.09 and the three month futures at 32.53 from 33.88.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $136.89 from $137.13 with the yield at 1.13% from 1.077%.

Positive Sectors On Monday: All of note led by Technology, Consumer Cyclical and Materials .

Negative Sectors On Monday:  None 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:

TLSA +48%, GSM +28%, PRTA +27%, ACAC +18%, SPCE +11%, VRNA +11%, TTI +9%, LPG +9%, AI 8%, WTTR +7%, PME +7%, HAE +4%

Gap down:

FMS -11%, HOG -8%, CRUS -6%, MITK -5%, ARQT -5%, BP -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 –  (CNBC)

Biggest Analyst Calls of The Day – TSLA SPCE MCD (CNBC)

Covid Update –  Southwest Airlines loses money for the first time since 1972. (CNBC)

Republicans had a cordial meeting with President Biden but little progress. (The Washington Post)

President Biden raises tariffs on aluminum against the UAE. (WSJ)

Robinhood CEO Vlad Tenev to testify before the House Financial Services Committee on February 18th. (Politico)

CME Group (CME) increases margin rates on silver futures by 18%. (Bloomberg)

Atos walks away from buying DXC Technology (DXC). (Bloomberg)

Ford (F) to spend $1 billion to update South African manufacturing plant that produces the Ranger. (Reuters)

Immunovant sees shares fall almost 50% on stopping trial of thyroid eye disease treatment. (MarketWatch)

Durect up 34% as it gets FDA approval for surgical pain treatment. (MarketWatch)

Stock Index Trading:

Current through 2/1 close. Overall confidence moves from 33% to 60%.

Bold means a change from prior day.

Geopolitical:

Sellside:

Industry Conferences: Annual LSX World Congress (2/1-2/5) Semicon Korea (2/2-2/5)

M&A Activity:

Upgrades & Downgrades of Note This Morning: Note that downgrades  increased in January.

Monday Recommendations