Earnings Out After The Close:

Capital Raises:

IPO News: Endeavor Group (EDR) files for IPO. Frontier Airlines (ULCC) begins to trade today. Priced at $19.

Secondaries Priced: AMTI BOMN CTIC TLS 

Common Stock Offering: TLS ATEC CTIC

Common Stock Offering By Selling Shareholders: TLS

Mixed Shelf filed: TTOO SFNC NH  of note.

News After The Close:

QuantumScape (QS) hits technical milestone to get an additional $100 million investment by Volkswagen (VWAGY).

Camping World (CWH) to buy Hilltop RV Superstore, no terms.

Wingstop (WING) announces that Q1 sales rise +20.7%.

fuboTV (FUBO) announces carriage agreement with Marque Sports Network.

American Airlines (AAL) repays $2.8 billion in revolving loans under three credit facilities.

Boeing (BA) wins $1.6 billion Navy contract.

President Biden announced the Infrastructure Plan after the close.

Raises Guidance: MU PLAY

Lowers Guidance:

Dividend Increase: GBCI EGBN WSO

Stock Buyback: MEI

What’s Happening This Morning:

S&P 500 +20 Dow Jones Industrial Average +74 NASDAQ +167 Russell 2000 +19  Fair values are mixed. Asia and Europe higher. VIX is at 20.05 this morning in futures. VIX closed at 19.40.

Gold, silver and  copper lower. 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 $131.09 with the yield at 1.714%.  Bitcoin $58501.63 @ $-654  -1.11%.

Positive Sectors On Wednesday: Technology, Healthcare and Consumer Cyclical.

Negative Sectors On Wednesday: Financials, Energy and Real Estate of note.

One Month Winners: Utilities, Industrials and Consumer Defensive of note.

Three Month Winners: Energy, Materials, Industrials and Financials of note.

Six Month Winners: Energy, Financials, Industrials and Materials of note.

Twelve Month Winners:  Consumer Cyclical, Technology and Materials of note.

Year to Date: Energy, Communication Services, Financials and Industrials of note.

Erlanger Research Advance/Decline Chart: There was improvement yesterday.

Gap Up: EQQS +21% QS +14% GES +7% CAMT +6% NIO +6% FUBO +5% WING +3% MU +2%

Gap Down: TLS -12% CTIC -10% EBS -10% XL -10% BOMN -9% NCNO -4% VRNT -3%

Rags & Mags:

Stocks Making The Biggest Moves -JNJ PFE KMX EBS MU ABT

Microsoft (MSFT) wins $21.9 billion reality headset contract. (CNBC)

Details of Biden Infrastructure Plan. (CNBC)

OPEC to hold a virtual meeting. (CNBC)

Taiwan Semi (TSM) to expand production due to chip demand. (Bloomberg)

Bristol Myers (BMY) in a $1.4 billion dispute with the IRS. (NYT)

Abbott Labs (ABT) and Quidel (QDEL) gets EUA for QuickVue At- Home OTC Covid-19 Test.

Geopolitical:

Economic:

Weekly Jobless Claims are due out at 8:30 a.m. EDT.

March ISM Manufacturing Index is due out at 10:00 a.m. EDT and is expected to improve to 61.20% from 60.8%.

February Construction Spending is due out 10:00 a.m. EDT and is expected to fall to -0.9% from 1.7%.

Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.

Conferences & Meetings:

ELOX (Conference Call)

M&A Activity:

Micron (MU) and Western Digital (WDC) looking to bid for Kioxa Holdings. (WSJ)

Today’s Recommendations: