IPOs on deck:   None of note.

IPOs Filed:  None of note.

Secondaries Priced: CTLT of note.

Notes Priced:  None of note.

Common Stock filings: RMTI CTLT IVR BNTX CCC LQDA of note.

Mixed Shelf Offerings:  None of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

GOOG +2.59, HLI +0.11, HIG +0.10, WWD +0.07, FN +0.07, SSD +0.06, KRC +0.05, NXPI +0.05, PAHC +0.05, HP +0.05, VVV +0.05, PCH +0.04, HLIT +0.04, HXL +0.02, RBC +0.02, SXI +0.02, LEG +0.01 of note.

Missed:

MTSC (0.09), EZPW (0.06), CBT (0.05), AFG (0.05), KMT (0.03), BECN (0.02) of note.

Flat:

ARE +0.00

Hourly Action This Week: Updated 1/31

News After The Close (In Order of Time)

Invesco Mortgage Capital (IVR) issues Q4 upside guidance.

Moody’s says coronavirus will slow China’s consumption, credit implications for government are growing.

Stock Repurchase Announcements:  

Dividend Increases: 

Gap Higher: ALLT +13%, EYPT +11%, VIRT +6%, BP +5%, AXE +4%, ASHR +4%. 

Gap Lower: RMTI -10%, EZPW -9%, KMT -8%, HLIT -7%. 

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. 

S&P 500 +39 Dow Jones Industrial Average +366  NASDAQ +119 Russell 2000 +23.29. Fair values are lower. Asia  and Europe  higher.

Gold lower, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $131.05 from $131.47 with yields at 1.584% from 1.546%.  Prices as of 8:15 a.m. EDT.

Positive Sectors On Monday: Technology, Conglomerates and Healthcare of note.

Negative Sectors On Monday:  Materials 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:  

DIS GILD FISV CB ALL AFL PRU F KLAC CMG CERN MCHP SNAP STX ATO PAA JKHY  of note.

Wednesday Before The Open:

MRK BSX ABB GM HUM SPOT DTE AME COTY UMC PFGC CPRI SR NVT TKR PAG CF ENR NS of note.

Earnings This Morning Of Note

Beat:

SNE +38.38, AXE +0.54, MLI +0.50, AQUA +0.42, IT +0.36, TDG +0.34, MCK +0.32, LITE +0.24, WAT +0.19, HAE +0.18, BDC +0.13, CLX +0.13, ATKR +0.12, WDR +0.11, CMI +0.10, ETN +0.06, LHX +0.06, MTG +0.06, PINC +0.06, HUBB +0.06, CMCO +0.05, GRA +0.04, ATI +0.04, BP +0.03, ZBH +0.03, PBI +0.02, ENTG +0.01, ARMK +0.01, JHG +0.01, J +0.01, LANC +0.01, SPG +0.01 of note.

Flat: SIRI +0.00, CNC +0.00, LII +0.00

Missed:   

EMR (0.14), MSGN (0.07), VSH (0.06), TECH (0.06), COP (0.05), HLNE (0.02), CSWI (0.01), EXP (0.01) of note.

Still To Report:   CTS, RL, ROLL, RCL

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

Top News Story:  Coronavirus patient  in Hong Kong dies and Macau closes casinos for 2 weeks. (FT)

Stocks making the biggest moves. (CNBC)

5 Things To Know To Start Your Day. (Bloomberg)

China will add more stimulus measures for economy. (Reuters)

Coronavirus patient  in Hong Kong dies and Macau closes casinos for 2 weeks. (FT)

Coronavirus cases pass 20,000. (CNBC)

Iowa Caucus results delayed for Democrats due to technology issues. (NYT)

Tesla (TSLA) up 13% in early trading. (CNBC)

CNBC interviews Ron Baron of Baron Capital. (CNBC)

Stock Index Tracking

All  stock indexes in trouble except NASDAQ 100. Current through 2/3 close.

Bold means a change from prior day.

The advance/decline line model moved to cash last Friday. Updated through 2/3. 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.

Courtesy of Phil Erlanger Research, Inc.

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 1/31.

Economic & Related:

December Factory Orders are due out at 10:00 a.m. EDT and expected to rise to 1.1% from -0.7%.

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

Geopolitical:      

President Trump will have a quiet day working on his speech this evening.

President Trump delivers the annual State of the Union Address at 9:00 p.m. EDT .

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: SCHW (Business Update) TXN (Webcast)

Sellside Conferences: None of note.

Industry Conferences: NAPE Summit 2020 ((2/3-2/7). Semicon Korea (2/4). Global Hydrogen Energy Summit. (2/4-2/7). World of Concrete (2/4-2/7). Microstrategy 2020 (2/4-2/6).

M&A Activity

Leidos (LDOS) to buy L3Harris (LHX) airport security and automation business for $1 billion in cash.

Upgrades & Downgrades