CAPIS Morning Note – 4/14/21: A Multitude of Federal Reserve Speakers Today,
Breaking News: Earnings Out After The Close Of Note: Beats: WAFD +0.08 Flat: None Misses: None Capital Raises: IPOs Priced or News: Coinbase (COIN) gets a reference price of $250 for its direct listing today on NASDAQ. New SPACs launched: Secondaries Priced: NI of note. Notes Priced of note: None of note. Common Stock filings: DXR RMBL…
Breaking News:
Earnings Out After The Close Of Note:
Flat: None
Misses: None
Capital Raises:
IPOs Priced or News: Coinbase (COIN) gets a reference price of $250 for its direct listing today on NASDAQ.
New SPACs launched:
Secondaries Priced: NI of note.
Notes Priced of note: None of note.
Common Stock filings: DXR RMBL STSA 0f note.
Direct Offering: LIZI
Selling Shareholders of note: None of note.
Private Placement of Public Entity (PIPE): MFH
Mixed Shelf Offerings: AVNW CCB of note.
Convertible Offering & Notes Filed: NH 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:
Flexion Therapeutics (FLXN) to guide Q1 ZILRETTA sales to $24.6 million.
Gamestop (GME) voluntary redemption of 10% 2023 senior notes early.
Radware (RDWR) CFO Doron Abramovitch to depart on 6/10.
Stich Fix (SFIX) Founder and CEO Katrina Lake to move to Executive Chairperson, Elizabeth Spaulding to become CEO.
Gilead Sciences (GILD) announces that FDA has granted accelerated approval of Trodelvy.
Novavax (NVAX) CFO Greg Covino to step down and become an executive adviser.
Index Changes:
Dividend Raises: PG
Split Announcement:
Raises Guidance: BRKR
Lowers Guidance:
Buyback Announcements:
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Off the earlier highs.
S&P 500 +0.16 Dow Jones Industrial Average -14 NASDAQ +38 Russell 2000 +6 Fair values are mixed. Asia and Europe mixed. VIX is at 20.45 from 20.57 , yesterday, this morning in futures. VIX closed at $16.65 from $16.91 and the three month futures at 20.82.
Gold lower with silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $132.02 from $131.70 with the yield at 1.63% from 1.673%. Bitcoin $ 64209.50 this morning up $1333 and +2.12%.
Tuesday’s Action – 4/13. All asset classes had a decent day.
Positive Sectors On Tuesday: Technology, Utilities and Consumer Cyclicals.
Negative Sectors On Tuesday: Financials, Industrials and Consumer Defensive 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)
Thursday Before the Open: TSM, UNH, BAC, PEP, C, SCHW, BLK, USB, TFC, DAL, HOMB, WABC, RAD of note.
Earnings This Morning Of Note:
Flat: none
Misses: none
Still to Report:
Insider Purchases: Below is the list of insider buys from yesterday and this morning. We note MCHX saw insider action and traditional short sellers get it right when short intensity is above 50% and on average make 19.25% and so far have made 3.64%. 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 4/13.
Gap Ups & Down In Early Pre-Market:
Gap up: GALT +26%, PFMT +6%, FLXN +6%, GME +5%, NKLA +5%, SAP +4%
Gap down: SCR -8%, DISCK -6%, DISCA -4%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Stocks making the biggest moves: GS JPM JBLU. (CNBC)
5 Things To Know Before The Market Opens (CNBC)
Biggest Analyst Calls This Morning JBLU DIS AAPL COIN (CNBC)
Covid-19 cases now rising in half of all states.
Pfizer (PFE) to deliver 10% more vaccines to the U.S. and will increase doses to the EU. (Reuters)
President Biden will address a joint session of Congress on 4/28. (CNN)
The Biden Administration watching inflation data. (NY Times)
CDC being criticized by politicians for pausing distribution. (Politico)
Apple (AAPL) 2022 iPhone lineup to come in three sizes and feature 8K video. (Mac Rumors)
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
4/8 results.
Geopolitical:
The President receives the President’s Daily Brief, Oval Office, 10:15 a.m. EDT
Press Briefing by White House COVID-19 Response Team and public health officials, The White House, 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 delivers remarks on the way forward in Afghanistan, Treaty Room, 2:15 p.m. EDT
The President visits Section 60 of Arlington National Cemetery, Arlington National Cemetery, 3:05 p.m. EDT
Federal Reserve Chairman Jerome Powell speaks at 12:00 p.m. EDT.
Federal Reserve New York President John Williams speaks at 2:30 p.m. EDT.
Federal Reserve Vice Chairman Richard Clarida speaks at 3:45 p.m. EDT.
Federal Reserve Atlanta President Raphael Bostic speaks at 4:00 p.m. EDT.
Federal Reserve Dallas President Robert Kaplan speaks at 6:05 p.m. EDT.
Meeting & Conferences of Note:
CPST PLTR HHC MRNA ( Investor Meeting) BOX (Webcast) AFMD (Update) CCXI (R&D Day) OTEX (Corporate Event)
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)
M&A Activity
Upgrades & Downgrades of Note From Sellside Firms:
Tuesday Recommendations:
