Breaking News: Johnson & Johnson (JNJ) vaccine for Covid-19 is pauses distribution of the vaccine due to blood clots in 6 women between age 16 and 48.
Earnings Out After The Close Of Note:
IPOs Priced or News:
New SPACs launched:
Secondaries Priced: EPRT of note.
Notes Priced of note: None of note.
Common Stock filings: EPRT NI 0f note.
Selling Shareholders of note: PAR FBIO of note.
Private Placement of Public Entity (PIPE):
Mixed Shelf Offerings: GNW GFL of note.
Convertible Offering & Notes Filed: None of note.
Note Offerings Filed: None of note.
Capital Raise Summary From The TradeXchange ,bringing traders and investors real time news and Squawk Box, and other sources.
News After The Close:
Celldex Therapeutics (CLDX) announces promising data from its bispecific platform.
Viper Energy Partners (VNOM) average production is now 15,500 bo/d.
InterActive Corp (IAC) and its unit Angi (ANGI) report monthly metrics for March.
Eldorado Gold (EGO) sees gold production for Q1 at 111,742 ounces.
Various managers report asset levels AMK APAM CNS AB IVZ BEN
Gilead Sciences (GILD) stops Phase 3 Remdesivir IV study in high risk non hospitalized with Covid-19.
Lockheed Martin (LMT) wins $450 million Navy contract.
Index Changes: B. Riley (RILY) to join S&P 600.
Buyback Announcements: PCB
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 +1 Dow Jones Industrial Average -71 NASDAQ +69 Russell 2000 -1 Fair values are mixed. Asia and Europe mixed. VIX is at 20.57 from 18.55 , yesterday, this morning in futures. VIX closed at 16.91 from 16.69 and the three month futures at 20.82 from 20.74.
Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $131.70 no change with the yield at 1.673% unchanged. Bitcoin $ 62961.05 this morning up $2975 and +4.96%.
Monday’s Action – 4/12. All asset classes struggled yesterday.
Positive Sectors On Monday: Consumer Cyclical, Consumer Defensive and Real Estate.
Negative Sectors On Monday: Communication Services, Materials and Technology 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: WAFD of note.
Wednesday Before the Open: JPM, WFC,GS, PGR, FRC, BBBY, LOVE of note.
Earnings This Morning Of Note:
Still to Report: none
Insider Purchases: Below is the list of insider buys from yesterday and this morning. We note no stocks with insider buying sees excess short interest. Insider Action From The TradeXchange and Short Data From Erlanger Research. Update 4/12. No changes day over day.
Erlanger Research Advance/Decline Chart/Table –Updated through 4/12.
Gap Ups & Down In Early Pre-Market:
Gap up: AGC +10%, DMRC +10%, RILY +9%, HLIT +4%, IMCR +4%
Gap down: FBIO -15%, NI -5.1%, GFL -3.5%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Stocks making the biggest moves: . (CNBC)
5 Things To Know Before The Market Opens (CNBC)
Biggest Analyst Calls This Morning (CNBC)
OPEC Monthly Report is out.
CDC Director Walensky recommends Michigan shut down businesses to lower cases. (NYT)
New study shows UK strain spreads more easily but does not lead to more cases. (WSJ)
President Biden discussed a $0.05 gas tax increase. (Bloomberg)
Senator Josh Hawley (R-MO) introduced legislation to ban companies doing M&A above $100 billion in market cap. (Reuters)
Gap (GPS) switched to Barclays (BCS) from Synchrony (SYF). (WSJ)
Index Moving Averages: The Russell 2000 broke back below its 5 and 20 day moving averages despite the other indexes breaking out to new highs. 4/12
The President receives the President’s Daily Brief, Oval Office, 9:30 a.m. EDT
The President pays his respects in a Congressional Tribute for U.S. Capitol Police Officer William Evans, U.S. Capitol, 11:00 a.m. EDT
Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:30 p.m. EDT
The President and The Vice President meet with members of the Congressional Black Caucus, Oval Office, 2:00 p.m. EDT
Federal Reserve Boston President Eric Rosengren will speak at 1:00 p.m. EDT.
March NFIB Small Business Optimism is out at 6:00 a.m. EDT and came in last month at 95.8.
March CPI is due out at 8:30 a.m. EDT and is expected to rise to 0.5% from 0.4% with Core CPI at 0.2% from 0.1%.
Weekly API Petroleum Institute Data is due out at 4:30 p.m. EDT.
30 Year Bond Auction at 1:00 p.m. EDT.
Meeting & Conferences of Note:
INVO KKR IMCR ( Investor Meeting) EARS (Webcast)
Sellside Conferences: Needham Annual Healthcare Conference (4/12-15)
Industry Conferences: American Association for Cancer Research (AACR) Annual Meeting (4/10-4/15) Denver Gold Group World Gold Forum (4/13-15)
Upgrades & Downgrades of Note From Sellside Firms: