CAPIS Morning Note – 3/8/21: China Hacks Microsoft, Tepper Cheers Stocks On and Stock Lower Earlier, Now Rebounding
Breaking News: Hedge Fund Manager David Tepper say to buy stocks and rates move over. (CNBC) Earnings Out After The Close Of Note: Beats: none Flat: none Misses: none Capital Raises: IPOs Priced or News: New SPACs launched: Secondaries Priced: None of note. Notes Priced of note of note. Common Stock filings: PASG of note. Selling…
Breaking News: Hedge Fund Manager David Tepper say to buy stocks and rates move over. (CNBC)
Earnings Out After The Close Of Note:
IPOs Priced or News:
New SPACs launched:
Secondaries Priced: None of note.
Notes Priced of note of note.
Common Stock filings: PASG of note.
Selling Shareholders of note: BHVN of note.
Mixed Shelf Offerings: PK STL KOPN RPAY PASG of note.
Convertible Offering Files: None of note.
Summary From The Trade Exchange bringing traders and investors real time news and Squawk Box.
News After The Close:
AT&T (T) fires back at SEC allegations against the company.
Southwest (LUV) receives second and final disbursement of payroll support from U.S. Treasury.
Chinese hackers have hit 30,000 organizations through Microsoft (MSFT) email software per KrebsOnSecurity.
American Airlines (AAL) shut down one engine of a Boeing (BA) 737 Max. (Reuters)
Ocugen (OCGN) releases presentation slides and stock up 16% on Friday’s post market.
Senate passes the $1.9 trillion Stimulus Plan with no $15 wage.
Barron’s + on MYTE VWAGY VIAC HPQ AMAT LRCX and +/- on ROKU PTON ETSY ZM.
Split Announcement: AVNW (2:1)
Stock Buyback New Or Increase:
Insider Buys: (source The Trade Exchange)
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 +2 Dow Jones Industrial Average +91 NASDAQ -61 Russell 2000 +18. Fair values are mixed. Asia lower and Europe higher. VIX is at 26.15 from 27.30 this morning in futures. VIX closed at 24.66 from 28.57 and the three month futures at 27.89 from 30.08.
Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131,84 from $132.22 with the yield at 1.60% from 1.62%. Bitcoin +$50,466.88 @ 50448.77.
Positive Sectors On Friday: Energy, Industrials and Materials.
Negative Sectors On Friday: None 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)
Earnings This Morning Of Note:
Today After the Close: CASY, SFIX, GOCO, AIV, BNFT, NCMI of note.
Tuesday Before the Open: DKS, THO, CMD, PQG, PLCE, XENT of note.
Erlanger Research Advance/Decline Chart/Table –Updated through 3/5. Breadth gained some traction on Friday.
Gap Ups & Down In Early Pre-Market:
AGLE +11%, ADPT +10%, NBA +8%, CARA +8%, RDNT +6%, SRNE +5%, OCGN +5%
KOPN -7%, NIO -5%, XPEV -4%, IIVI -4%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Stocks Making The Biggest Moves (CNBC)
Covid-19 Update: Lockdown fatigue causing cases to rise says WHO. (CNBC)
Dr. Fauci surprised U.S. has not seen a surge of the U.K. Covid-19 variant. (NY Times)
Chinese hackers may be responsible for Microsoft (MSFT) attack. (NYT)
Saudi oil facilities attacked by Yemen Rebels. (Bloomberg)
Russians trying to undermine confidence in U.S. Covid-19 vaccines. (WSJ)
Adaptive Biotech (ADPT) gets FDA Emergency Use Authorization for T-Detect to confirm current or prior Covid-19.
Current through 3/5 close. Overall confidence moves from 27% to 53%.
Bold means a change from prior day.
Federal Reserve Speakers Today:
January Wholesale Inventories are due out at 10:00 a.m. EST and estimates are for a rise of 1.3% from 0.3%.
Meetings, Sellside Conferences and Industry Conferences
PERI CI (Investor Meetings)
Sellside Conferences: Deutsche Bank TMT Conference (3/8-10) Citi Global Property CEO Conference (3/8-10)
Upgrades & Downgrades From Sellside Firms – For Up has to be a Buy. For a Down has to be a Sell or Underweight.