CAPIS Morning Note – 2/5/21: Stocks Higher For a Fifth Day In A Row

Interesting Fact: The S&P 500 has stalled out after any four day rallies since 8/28 that concluded a six day rally. If up today, then this will be the fifth up day in a row breaking a six month streak. Covid-19 Statistics:  Total Cases 26,455,629 from 26,331,722 Deaths 446,134 from 440,922 New Tests 1,678,444 from…

Interesting Fact: The S&P 500 has stalled out after any four day rallies since 8/28 that concluded a six day rally. If up today, then this will be the fifth up day in a row breaking a six month streak.

Covid-19 Statistics: 

Total Cases 26,455,629 from 26,331,722

Deaths 446,134 from 440,922

New Tests 1,678,444 from 1,442,998

New Cases 123,907 from 116,960 with positivity rate of 7.3% (down 0.8)

Daily Deaths 5,212

Current Hospitalizations 88,668 from 91,440

Capital Raises:

IPOs Priced or News: Lucira Helath (LHDX) priced at $17 at high end of range $15 to $17. Immunocore (IMCR) priced at $26  above range $23 to $25.

Secondaries Priced: RYTM JHG VCYT OPEN SBNY  of note.

Notes Priced of note: SDC MMYT of note.

Common Stock filings:  SBNY OCX  of note.

Selling Shareholders of note: NNDM of note.

Mixed Shelf Offerings: None of note.

Convertible Offering Files: SDC of note.

Summary From The Trade Exchange bringing traders and investors real time news and Squawk Box.

Earnings Out After The Close Of Note:

Beats: DECK +1.85, ENVA +1.16, PLT +0.53, MTD +0.50, HIG +0.44, F +0.43, CSL +0.37, PRU +0.36, GILD +0.34, DXC +0.30, NWSA +0.25, DLX +0.19, FLT +0.19, LPLA +0.19, MTX +0.17, SYNA +0.17, COLM +0.15, PCTY +0.14, TDC +0.13, EXPO +0.13, ONTO +0.12, MSI +0.12, VREX +0.11, PINS +0.11, OTEX +0.10, WERN +0.10, FTNT +0.09, PFPT +0.09, ATVI +0.08, FTV +0.08, MPWR +0.07, TWST +0.06, PTON +0.06, TMUS +0.06, SXI +0.05, LESL +0.05, U +0.05, MCHP +0.04, BILL +0.04, AINV +0.04, ARWR +0.04, KN +0.04, LGF.A +0.04, PRO +0.04, OFC +0.03, NFG +0.02, SNAP +0.02, BHE +0.01, GPRO +0.01, NBIX +0.01, NLOK +0.01, OHI +0.01, POST +0.01

Flat:  HUBG +0.00, NEWR +0.00

Misses: NOV (0.78), CPT (0.25), WYNN (0.17), ESS (0.11), SKYW (0.10), SKX (0.08), WWE (0.06), LBRT (0.05), PFSI (0.05), UNM (0.04), ZEN (0.04)

News After The Close:

Twitter (TWTR) will new strategic partnership with Google (GOOGL) Cloud.

Zendesk (ZEN) CFO to leave company.

Peleton (PTON) says on earnings call cannot keep up with demand.

President Biden may try to forgiving student debt through executive order which may be illegal.
Johnson & Johnson (JNJ) submits Emergency Use Authorization for its single shot vaccine.
Dividend Increases: GILD MPWR EXPO PXD KSU AVA

Split Announcement:


Lowers Guidance: PCTY  ESS

Stock Buyback New Or Increase: COLM PFSI CBOE

Insider Buys: PDLI APEN (source The Trade Exchange)

Erlanger Valuelines: Volatility is on the rise as noted by the blue highlighting. Updated 2/4 Close

Hourly Action – Updated 2/3 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  strong this morning making it the fourth up day in a row.

S&P 500 +15  Dow Jones Industrial Average +128  NASDAQ +36   Russell 2000 +20. Fair values are lower. Asia higher ex Shanghai and Europe higher. VIX is at 26.67 this morning in futures. VIX closed at 21.77 and the three month futures at 26.79.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $136,73 from $136.70  with the yield at from 1.14%.

Positive Sectors On Thursday: Financials, Technology and Industrials of note.

Negative Sectors On Thursday:  Materials 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)

 Today After the Close: none of note.

Monday Before the Open: GPN, QSR, HAS, CNA, DNB, AMG, SAIA, GTES, NSP, ENR of note.

 Earnings This Morning Of Note:

Beats: SPB +1.36, REGN +1.24, ADNT +0.83, UI +0.76, EL +0.68, HRC +0.48, CAH +0.29, AON +0.16, BERY +0.15, TT +0.10, EAF +0.08, SNY +0.05, ZBH +0.05

Flat: ROAD +0.00

Misses: CBOE (0.02)

Still to Report: ITW, LAZ

Erlanger Research Advance/Decline Chart –  Updated 2/4 Close. Definite improvement this week. 

Gap Ups & Down In Early Pre-Market:

Gap up:

TTOO +52%, SIEN +23%, PLT +16%, KPTI +15%, BILL +14%, MDGL +14%, SLM +14%, TDC +13%, COLM +13%, VREX +12%, PINS +11%, YI +10%, MGNI +10%, GME +10%, SYNA +9%, ATVI +9%, NWSA +9%, RCKT +7%, NBLX +7%, DLX +7%, ENVA +7%, ESS +7%, OTEX +7%, CORR +7%, AMC +5%, LESL +4%

Gap down:

NEWR -15%, TWST -14%, YRCW -11%, GPRO -10%, WWE -10%, U -9%, PTON -7%, SNAP -7%, UEPS -7%, PTCT -5%, PCTY -5%, PRO -4%, SXI -4%, SKYW -4%, NBIX -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 –PTON REGN CAH  (CNBC)

Biggest Analyst Calls of The Day – PTON SBUX FL (CNBC)

Covid Update –  UK looks into using different vaccines for shot one and two. (CNBC)

Senate passes budget resolution and opens reconciliation on the Stimulus Bill. (CNBC)

Treasury Secretary Yellen met with regulators on market volatility and said core infrastructre was resilient. (NYT)

Chevron (CVX) offer to buy Noble Midstream Partners LP for $12.47.

Gamestop (GME) may not have been driven by retail trader rebellion. (CNBC)

SEC to investigate Clover Health (CLOV). They issue a response to report by Hindenberg Research. (CNBC)

Zimmer (ZMH) to spinoff spinoff Spine and Dental units. Call at 8:30 a.m. EST.

Electronic Arts (EA) may bid for Codemasters and would pay $1.2 billion. (Endgadget)

Robinhood removes all trading limits. (CNBC)

Penn National Gaming (PENN) CEO Jay Snowden interviewed on CNBC. (CNBC)

Paypal (PYPL) get inquiry from the Consumer Financial Protection Bureau on Venmo errors.

Stock Index Trading:

Current through 2/4 close. Overall confidence moves from 96% to 100%.

Bold means a change from prior day.


The President and The Vice President receive the President’s Daily Brief, Oval Office, 9:15 a.m. EST

The President and The Vice President meet with House Democratic leaders and the Chairs of the House committees working on the American Rescue Plan, Oval Office, 9:45 a.m. EST

Press Briefing by White House COVID-19 Response Team and public health officials, The White House, 11:00 a.m. EST

The President delivers remarks on the state of the economy and the need for the American Rescue Plan; The Vice President and the Secretary of the Treasury also attend, State Dining Room, 11:45 a.m. EST

Press Briefing by Press Secretary Jen Psaki and Council of Economic Advisers Member Jared Bernstein, James S. Brady Press Briefing Room, 1:00 p.m. EST

The President arrives in Wilmington, Delaware, 5:50 p.m. EST

Federal Reserve Dallas President Robert Kaplan speaks at 1:00 p.m. EST.

Federal Reserve San Francisco Mary Daley speaks at 2:00 p.m. EST.


January Nonfarm Payrolls is due out at 8:30 a.m. EST and is expected to rise to 50,000 from -140,000. The unemployment rate is expected to remain at 6.7%. Came in at 49,000 and the unemployment rate went to 6.3%.

Investor, Sellside and Industry Meetings



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

M&A Activity:

Magnite (MGNI) to buy SpotX for $1.17 billion in cash and stock.

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


Thursday Sellside Recommendations