CAPIS Morning Note – 2/9/21: It’s A Miracle, Stocks Are Lower Today
Interesting Facts: Breaking News: Covid-19 Statistics: Total Cases 26,875,063 from 26,796,705 Deaths 455,455 from 454,134 New Tests 1,434,298 from 1,480,757 New Cases 77,737 from 96,003 with positivity rate of 5.4% (down 1.1) Daily Deaths 1,309 Current Hospitalizations 80,055 from 81,439 Capital Raises: IPOs Priced or News: Secondaries Priced: WYNN IPWR SIEN CLF ZOM EKSO LBRT of…
Interesting Facts:
Breaking News:
Covid-19 Statistics:
Total Cases 26,875,063 from 26,796,705
Deaths 455,455 from 454,134
New Tests 1,434,298 from 1,480,757
New Cases 77,737 from 96,003 with positivity rate of 5.4% (down 1.1)
Daily Deaths 1,309
Current Hospitalizations 80,055 from 81,439
Capital Raises:
IPOs Priced or News:
Secondaries Priced: WYNN IPWR SIEN CLF ZOM EKSO LBRT of note.
Notes Priced of note: PTON of note.
Common Stock filings: OPCH OPRX CLF AQUA LBRT BEP ZOM SR LSPD of note.
Selling Shareholders of note: CLF AQUA NNDM OSH LESL of note.
Mixed Shelf Offerings: LUV 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:
Beats: OMF +0.67, BECN +0.53, ENTA +0.36, TTWO +0.30, VRNS +0.22, RGA +0.16, CHGG +0.14, AMKR +0.14, BLKB +0.14, SLQT +0.13, ESE +0.10, KFRC +0.09, KKR +0.08, RAMP +0.07, JKHY +0.07, LEG +0.06, ACM +0.05, SSD +0.03, CORT +0.03, NUAN +0.02, GLUU +0.01
Flat: none
Misses: RE (0.23), LMNX (0.12), DHT (0.08), CDK (0.06), SPG (0.06)
News After The Close:
Split Announcement:
Raises Guidance: AMKR RAMP SLQT CRSR DD IT MBUU MAS VSH
Lowers Guidance: JKHY
Stock Buyback New Or Increase:
Insider Buys: KMPR ANTM SDGR SBH (source The Trade Exchange)
Hourly Action – Updated 2/8 close. Impressive day on Monday.
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 lower this morning making it the first down day in seven.
S&P 500 -7 Dow Jones Industrial Average -63 NASDAQ -30 Russell 2000 +2. Fair values are higher. Asia higher and Europe mixed. VIX is at 26.75 from 26.56 this morning in futures. VIX closed at 21.24 from 20.87 from and the three month futures at 26.65 from 26.52.
Gold, silver and copper higher. 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 $136.72 and $136.53with the yield at 1.148% from 1.14%.
Positive Sectors On Monday: Energy, Materials and Technology of note.
Negative Sectors On Monday: Utilities 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: CSCO, FISV, TWTR, WELL, ENPH, AKAM, PEAK, LYFT, FMC, CDAY, ACGL, QGEN, CCK, UDR of note.
Wednesday Before the Open: KO, GM, CME, IQV, CDW, TEVA, CRSP, IPG, BG, UAA, ARCC, EEFT, CCJ, PAG, AEIS of note.
Earnings This Morning Of Note:
Beats: JLL +1.36, IT +0.77, MLM +0.65, GT +0.28, FSV +0.22, SPGI +0.20, WLTW +0.20, MBUU +0.19, EPC +0.18, IIVI +0.17, INCY +0.16, LCII +0.13, J +0.12, ARMK +0.10, SEE +0.10, DD +0.10, HBI +0.09, CTS +0.09, CRSR +0.07, FIS +0.06, AVNT +0.05, HAIN +0.04, COTY +0.04, CVE +0.03, GRA +0.02, NVT +0.01, MAS +0.01
Flat: NRZ +0.00
Misses: ARCH (3.26), CGC (2.10), WCC (0.10), AVYA (0.07), CARR (0.05), TDG (0.04), VSH (0.01), CNC (0.01)
Still to Report: FOXA
Erlanger Research Advance/Decline Chart – Updated 2/8 Close. Definite improvement this past week.
Gap Ups & Down In Early Pre-Market:
Gap up:
GLUU +34%, GRNV +16%, SLQT +15%, NCTY +15%, COLL +12%, TLRY +9%, FRLN +8%, VRNS +6%, CHGG +5%, AFMD +4%
Gap down:
ZOM -24%, EKSO -20%, CORT -11%, KFRC -9%, CLF -8%, DHT -7%, CDK -6%, LBRT -6%, SIEN -6%, IPWR -6%, OPCH -6%, NNOX -5%, LMNX -5%, IRDM -5%, AQUA -5%, HQY -5%, LSPD -4%, TTWO -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 –HAS PLTR ENR (CNBC)
Biggest Analyst Calls of The Day – AAPL TSN PETC EL (CNBC)
Covid Update – AstraZeneca (AZN) works on variant of Covid in South Africa and pulls vaccine there. (CNBC)
Walt Disney (DIS) to reopen California Adventure Park in March. (CNN)
U.S. considers a negative Covid-19 test to fly domestically. (NYT)
Stock Index Trading:
Current through 2/8 close. Overall confidence remains at 100%.
Bold means a change from prior day.
Geopolitical:
The President and The Vice President receive the President’s Daily Brief, Oval Office, 9:30 a.m. EST
Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:45 p.m. EST
The President, The Vice President, and the Secretary of the Treasury meet with business leaders about the critical need for the American Rescue Plan to save our economy, Oval Office, 1:45 p.m. EST
Federal Reserve Cleveland President Loretta Mester speaks at 12:00 p.m. EST.
Economic:
NFIB Small Business Optimism for January is out at 6:00 a.m. EST and came in last month at 95.90.
The latest NYSE And NASDAQ Short Interest is due out after the close through settlement of January 29th and trade date of January 27th. This an important date as we can see exactly how much short covering happened on the first day of the latest “hedge fund deleveraging”.
Federal Reserve St. Louis President James Bullard speaks at 12:00 p.m. EST.
$58 billion of 3 Year Auction held at 1:00 p.m. EST.
API Petroleum Data is due out at 4:30 p.m. EST.
Investor, Sellside and Industry Meetings
EQX (Update) GRNV (Conference Call) SCWX IPHA (Meeting)
Sellside: DAIWA Investment Conference (2/8-2/11) Stifel Transportation & Logistics Conference (2/9-2/10) Cowen Aerospace/Defense & Industrials Conference Annual Conference (2/9-2/11)
Industry Conferences: Microsoft Global Education Partner Summit (2/8-2/10) American Society For Transplantation and Cellular Therapy
M&A Activity:
Electronic Arts (EA) to buy Glu Mobile (GLUU) for $12.50 a share in cash.
Upgrades & Downgrades of Note This Morning: Note that downgrades remain prevalent in February.
Monday Sellside Recommendations
