CAPIS Morning Note – 3/10/25: Stocks Getting Hit Again

• IPOs For The Week: APUS, FATN, KMTS. OMGE, SAGT,
  WGRX
• New IPOs/SPACs launched/News:
• IPOs Filed/Priced: None of note. 
• Secondaries Filed or Priced:
• Notes Priced:
• Direct Offering: None of note.
• Exchangeable Subordinate Voting Shares: None of note.
• Selling Shareholders of note:
  • VAL files for 4,760,965 share common stock offering by selling shareholders.
• Mixed Shelf Offerings:
  • AS files mixed securities shelf offering,
  • INDI files mixed securities shelf offering.
• Convertible Offerings & Notes Filed:
  •  

Biggest Movers Up & Down Last Week:

• Movers Up: TGTX (37.85 +25.79%), STIM (5.04 +18.47%), ARRY (6.21 +17.61%), MRNA (35.72 +15.37%), CYRX (6.41 +15.08%), MYE (13.17 +20.16%), MT (33.32 +20.12%), HMY (11.9 +19.6%), PKX (53.58 +15.86%), ATRO (24.68 +23.34%), TRS (23.85 +16.37%), OKTA (112.26 +24.06%), CACI (387.44 +15.71%), TREE (48.53 +20.15%), ING (20.76 +17.06%) of note.
• Movers Down: EBS (5.79 -22.59%), MESO (13.41 -21.81%), RYAM (5.96 -22.6%), GTLS (150.02 -21.27%),  SNBR (7.36 -47.69%), FNKO (8.95 -27.35%), GCO (27.06 -26.02%), VFC (19.11 -23.35%), MEI (6.54 -40%), MDB (187.37 -29.94%), AAOI (15.99 -26.85%), MRVL (70.38 -23.36%), HPE (15.75 -20.52% of note.

News After The Close:

• Mineralys Therapeutics (MLYS) to Announce Topline Data from Launch-HTN and Advance-HTN Pivotal Trials Monday, March 10, 2025, at 8:00 AM ET
• Janus International Group (JBI) announces $40 million debt paydown.
• Robinhood (HOOD) ordered to pay $29.75 mln in fines for violating numerous FINRA rules.
• Intuitive Machines (LUNR) collected some data for NASA before calling an early end of IM-2 mission.
• Cognizant Tech (CTSH) up over +3% after activist investor Mantle Ridge built an over $1 bln stake in the company.
• Dexcom (DXCM) receives FDA warning letter; does not expect a material financial impact.
• Index Changes
  • • S&P 100 In: PLTR ISRG NOW Out: DOW KHC F.
    • S&P 500 In: TKO WSM EXE Out: BWA TFX CE FMC
    • S&P 400 In: VFC ALK HIMS BBWI ATI SATS Out: TKO WSM EXE CC TDC NEOG
    • S&P 600 In: RHP ESI FRPT WSC MWA KTOS CLSK TFX CE FMC BWA  Out: WNC GDOT FLGT NBR GPRE MATV HAIN.
• 10K or Qs Filings/Delays –  (Filed), ULBI, (Delayed) of note.

Exchange/Listing/Company Reorg and Personnel News:

Buybacks

•  AMAT authorizes a $10 billion stock buyback.

• Stocks Ex Div Today:
• Stocks Ex Div Tomorrow: 
• AMAT raises dividend by 15%.

What’s Happening This Morning: (as of 7:35 a.m. EDT) Futures S&P 500 -70, NASDAQ -281, Dow Jones -440, Russell 2000 -24.29. Europe is lower with Asia lower ex China. Bonds are at 4.24% from 4.253% Friday on the 10-Year. Crude Oil and Brent Crude are higher with Natural Gas lower. Gold higher with Silver lower and Copper lower. The U.S. Dollar is higher versus the Euro, higher against the Pound and lower against the Yen. Bitcoin is at $82,235 from $89,079 lower by $-375 by -0.45%. (Our morning table will return tomorrow as we are still in travel mode and having some difficulty with images.)

• Daily Positive Sectors: Utilities, Energy, Technology and Industrials were higher.
• Daily Negative Sectors: Consumer Defensive, Financials and Consumer Cylcical were lower.
• One Month Winners:  Real Estate, Consumer Defensive, Utilities and Healthcare of note.
• Three Month Winners: Communication Services, Consumer Defensive, Financials and Healthcare of note.
• Six Month Winners: Communication Services, Financials, Consumer Cyclical and Utilities of note.
• Twelve Month Winners: Financials, Utilities, Communication Services, Technology and Consumer Defensive of note.
• Year to Date Winners: Financials, Healthcare, Consumer Defensive, Materials and Real Estate of note.

Upcoming Earnings Of Note: (From Chartroom Software – sorted by market cap, highest to lowest with most visible names)

• Monday After the Close: 

• Tuesday Before The Open: 

Notable Earnings of Note This Morning:

• Gap Up: CKPT +66.8%, BEAM +29.3%, TRVI +24.9%, VRN +18.5%, MLYS +16.1%, JBI +14.4%, BECN +8%, WLFC +5.9%, DASH +4.9%, PERI +3.7%, LGTY +3.6%, CTSH +3.4%, TKO +2.6%, FNV +2.6%, EXE +2.1%,  of note.
• Gap Down: LUNR -9%, HOOD -6.7%, NVO -5.7%, DXCM -3.6%, HIVE -3%, ASX -2.8%, NVT -2.7%, VAL -2.4%, SYNA -2.4%, GEO -2.1%, of note.

Insider Action:  see Insider Buying with dumb short selling.  see Insider Buying with smart short sellers.

Rags & Mags: Repeated stories from prior days never listed, i.e. “rehashed news”. Sorted by Global, U.S. and stock specific.

• Market Wrap: US Stock Futures Drop as Fears Mount for Economy. (Bloomberg)
• Bloomberg: US to Press Ukraine For Peace Agreement At Saudi Meeting. (Bloomberg)
• Stocks Making The Biggest Moves: . (CNBC)
• China puts tariffs on American ag products. (NYT)
• Mark Carney wins the Canadian Election and is named the next Prime Minister of Canada.
• 5 Things To Know Before the Market Opens. (CNBC)

M&A Activity and News:

• Rocket Mortgage (RKT) to buy Redfin (RDFN) for $12.50 a share..

Moving Average Table:  Moves from 17% to 9% on Friday. Not updated today.

Meeting & Conferences of Note: (Not updated today, back tomorrow)

Upgrades & Downgrades:

The recommendations listed below in this “Upgrade/Downgrade” section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting is to make the reader aware of market-moving recommendations. None of these recommendations should be interpreted as actual recommendations from CAPIS or its employees.

• • • Upgrades: KEY IRT FOUR CPT CBRL ABNB 
    • Downgrades: EMR