IPOs on deck: None of note.

IPOs Filed:  None of note.

Secondaries Priced: of note.

Notes Priced: None of note.

Common Stock filings:  AGRX UTI  of note.

Mixed Shelf Offerings: SHO of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

EHTH +1.63, EBS +0.70, PBYI +0.27, SBAC +0.26, BOOM +0.20, USM +0.18, DCO +0.16, CASA +0.15, SWM +0.14, BAND +0.13, SFM +0.13, CATM +0.12, SEM +0.12, TXRH +0.12, NGHC +0.11, CENX +0.09, GLPI +0.09, NUVA +0.09, BJRI +0.08, ROG +0.08, PRAH +0.07, WK +0.07, ED +0.07, VICI +0.06, ZS +0.06, BLDR +0.05, FND +0.05, TDS +0.05, HBM +0.05, BYD +0.05, PEB +0.04, NCMI +0.04, DRH +0.03, GLOB +0.03, MMI +0.03, PRA +0.03, CVA +0.03, TRUE +0.03, OEC +0.03, LNT +0.02, ATR +0.02, HTGC +0.02, DBX +0.02, FSLY +0.01, RMAX +0.01, ENV +0.01 of note.

Missed: 

FSLR (2.60), NBR (0.50), BVN (0.38), PPC (0.12), TMST (0.09), SSRM (0.07), OLED (0.07), ADSW (0.05), COLD (0.05), GMED (0.03), CNDT (0.02), CORT (0.02), APPN (0.02), COG (0.01) of note.

Flat: 

CTRE +0.00, CWST +0.00, CUBE +0.00, LTHM +0.00, ZIXI +0.00 of note.

Hourly Action This Week: Updated 2/19 Close

News After The Close (In Order of Time)

Lockheed Martin (LMT) wins Navy contract for presidential helicopter production.

T-Mobile (TMUS) and Sprint (S) announce amendment to merger agreement.

Stock Repurchase Announcements: DBX

Dividend Increases: OLED DHR CNS AHH ALLTDS

Stock Split: ODFL 3:2.

Gap Higher:

EHTH +18%, AERI +14%, NCMI +12%, DCO +12%, DBX +12%, BAND +10%, DE +8%, TXRH +7%, SFM +6%, ZIXI +6%, CENX +5%, USM +4%, GLOB +4%, CASA +4%

Gap Lower:

EYPT -22%, AGRX -18%, LTHM -16%, FSLR -16%, ZS -13%, CWST -12%, APPN -11%, PBYI -10%, CNDT -9%, VAL -9%, TMST -8%, HBM -8%, UTI -7%, BOOM -6%, FSLY -6%, NGVT -6%, CUBE -6%, BLDR -5%, ROG -5%, PSO -5%, ENV -4%, BJRI -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 -11 Dow Jones Industrial Average -120  NASDAQ -44  Russell 2000 -7.72 . Fair values are higher. Asia mixed and Europe lower.

Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $131.67 from $131.33 with yields at 1.488% from 1.542%.  Prices as of 8:30 a.m. EDT.

Positive Sectors On Thursday: Conglomerates, Utilities and Financials of note.

Negative Sectors On Thursday: Technology, Materials, Energy and Healthcare.

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:  None of note.

Monday Before The Open:  AWI CRI FUTU DIN DDS CTB SPNS STAR XENT of note.

Earnings This Morning Of Note

Beat:

CNNE +0.71, DE +0.36, VAL +0.22, WPC +0.13, RY +0.10, MGA +0.09, BCPC +0.07, ITT +0.07, CFX +0.05, HSC +0.03, B +0.02 of note.

Missed:  

CNK (0.19), TECK (0.17), HMSY (0.04) of note.

Still To Report: ERF, PNW

 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) sees cases in Chinese prisons. (CNBC)

Coronavirus Map. (Bloomberg)

Chinese auto sales drop 92% in the first half of February due to COVID 19. (Bloomberg)

House warns Russia is interfering in 2020 to the benefit of President Trump. NYT)

Alphabet (GOOGL) refuses to provide discovery to antitrust investigation. (WSJ)

Federal Reserve St. Louis President Interview on CNBC worth the watch. (CNBC)

Stock Index Tracking

Current through 2/20 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 2/20 close.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

January Existing Home Sales are due out 8:30 a.m. EDT and the estimate is for it to fall to 5.42 million from 5.54 million.

Geopolitical:      

President Trump will hold a Keep America Great Rally at 3:00 p.m. EDT in Las Vegas and then head back to Washington D.C.

Federal Reserve St. Louis President James Bullard is guest on CNBC this morning.

Federal Reserve Dallas President Robert Kaplan speaks at 9:35 a.m. EDT.

Federal Reserve Governor Lael Brainard speaks at 10:15 a.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note:  MAT HAS (Analyst Day)  

Sellside Conferences: None of note

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

M&A Activity

Upgrades & Downgrades through 8:35 a.m. EDT 2/20