CAPIS Morning Note – 3/16/21: VIX Closed Under 20 For Second Time In Last Year
Breaking News Earnings Out After The Close Of Note: Beats: BEKE +0.87, VUZI +0.02, HQY +0.02 Flat: none Misses: none Capital Raises: IPOs Priced or News: New SPACs launched: ETORO to go public through Betsy Cohen SPAC Fintech Acquisition (FTCV). Secondaries Priced: BHVN CLSK GMRE OPCH of note. Notes Priced of note: DKNG of note….
Breaking News
Earnings Out After The Close Of Note:
Flat: none
Misses: none
Capital Raises:
IPOs Priced or News:
New SPACs launched: ETORO to go public through Betsy Cohen SPAC Fintech Acquisition (FTCV).
Secondaries Priced: BHVN CLSK GMRE OPCH of note.
Notes Priced of note: DKNG of note.
Common Stock filings: ACRE CFX CLSK KSPN MAXR NKLA PARR PAYA POAI RUBY 0f note.
Selling Shareholders of note: OPCH PBPB SHC ACCD ALDB of note.
Mixed Shelf Offerings: ALLT CDEV CLSK MAXR VTGN of note.
Convertible Offering & Notes Filed: IMAX RPD F of note.
Note Offerings Filed: NSCO of note.
Capital Raise Summary From The Trade Exchange ,bringing traders and investors real time news and Squawk Box, and other sources.
News After The Close:
Intrepid Potash (IPI) raises prices.
TimkenSteel (TMST) raises pricing on special bar quality products.
AbbVie (ABBV) to sell off women’s drugs portfolio seeking $5 billion.
Senate confirms Secretary of Interior Deb Haaland.
Dividend Raises: AKR (reinstates) RPAI
Split Announcement:
Raises Guidance:
Lowers Guidance: HQY
Buyback Announcements:
Insider Purchases: NWS TUP IMUX FOX SPNT AINC
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 +3 Dow Jones Industrial Average -12 NASDAQ +65 Russell 2000 -1.17. Fair values are mixed. Asia and Europe higher. VIX is at 24.07 from 25.47 this morning in futures. VIX closed at 19.98 from 20.69 and the three month futures at 24.89 from 25.74.
Gold higher with silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $132.09 from $131.92 with the yield at 1.597% from 1.62%. Bitcoin $55,155 @ $-1348.99 -2.39%
Positive Sectors On Monday: Real Estate, Utilities and Technology.
Negative Sectors On Monday: Energy, Financials and Materials of note.
One Month Winners: Energy, Financials and Communication Services of note.
Three Month Winners: Materials, Industrials and Financials of note.
Six Month Winners: Energy, Financials and Materials of note.
Twelve Month Winners: Consumer Cyclical, Technology and Materials of note.
Year to Date: Energy, Communication Services, Financials and Materials of note.
Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)
Today After the Close: CRWD, LEN, COUP, YY, SMAR, CAL of note.
Wednesday Before the Open: PDD, CTAS, KC, SINA of note.
Earnings This Morning Of Note:
Flat: none
Misses: NFE (0.07)
Still to Report: DFH, JBL
Erlanger Research Advance/Decline Chart/Table –Updated through 3/15.
Gap Ups & Down In Early Pre-Market:
Gap up:
ZOM +8%, CAAP +7%, VLDR +5%, FLGT +5%, NFE +5%, BEKE +4%, AMPH +4%, IPI +4%
Gap down:
CLSK -21%, SLDB -13%, GMRE -8%, RUBY -7%, BHVN -6%, ACRE -6%, MAXR -6%, OPCH -5%, XELA -5%, IMAX -5%, PARR -4%, SHC -4%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Stocks Making The Biggest Moves AZN MRNA SBUX DBI (CNBC)
Biggest Analyst Calls CNBC PRO: RBLX TWTR AAPL UAL. (CNBC)
5 Things to know before the market opens. (CNBC)
Chinese President Xi says they will target large multinationals that amass data and market power. (Bloomberg)
80% of Manhattan office workers will not return full time. (NBC News)
China wants Alibaba (BABA) to sell media assets. (WSJ)
Taiwan Semiconductor (TSM) has hit Q2 capacity for 5G and automotive. (Digitimes)
Moderna (MRNA) begins dosing testing on children 6 months to 12 years. (CNBC)
Mastercard (MA) and Visa (V) delay increase in card fees until 2022. (Bloomberg)
Index Results
Current through 3/15 close. Overall confidence moves to 97% from 94%.
Bold means a change from prior day.
3/15 results.
Geopolitical:
The President departs the White House en route Joint Base Andrews, South Lawn, 1:40 p.m. EST
The President visits a small business in Chester, Pennsylvania, 3:30 p.m. EST
The President departs Delaware County, Pennsylvania en route Wilmington, Delaware, 5:45 p.m. EST
Economic:
The Federal Reserve Open Market Committee (FOMC) begins a two day meeting.
February Retail Sales is due out at 8:30 a.m. EDT and is expected to fall to -0.6% from 5.3%. Fell 3.0%.
February Industrial Production is due out at 9:15 a.m. EDT and is expected to fall to 0.5% from 0.9%.
March NAHB Housing Market Index is due out at 10:00 a.m., EDT and is expected to remain at 84.
Weekly API Petroleum Institute Data is due out at 4:30 p.m. EDT.
The Treasury auctions $24 billion of 20 Year Notes.
Meetings, Sellside Conferences and Industry Conferences
FEYE NXGN SUM TRI CSAN (Investor Meetings) FEYE (Analyst Meeting) ASC KAR GFL (Conference Call) CUE (Update) GPL (Webinar)
Sellside Conferences: Roth Capital Partners Growth Conference (3/15-17) JP Morgan Industrials Conference (3/15-17) Mizuho Energy Conference (3/15-3/16) Oppenheimer Healthcare Conference (3/16-18) Bank of America Global Industrials (3/16-18) UBS Energy Conference (3/16-18) Citi Telecommunications, Media and Technology Conference (3/16-17) Citi Winter Biotechnology West Coast Conference (3/16-17)
Industry Conferences:
M&A Activity
Upgrades & Downgrades From Sellside Firms – For Up has to be a Buy. For a Down has to be a Sell or Underweight.
Today’s Recommendations:
Monday Recommendations:
