CAPIS Morning Note – 4/15/20 Futures Off To A Bad Start
IPOs on deck: None of note. IPOs Filed: None of note. Secondaries Priced: CRNX of note. Notes Priced of note: DKS of note. Common Stock filings: CRK CRNX of note. Mixed Shelf Offerings: CAMT of note. Convertible Offering Files: CHRS of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: None…
IPOs on deck: None of note.
IPOs Filed: None of note.
Secondaries Priced: CRNX of note.
Notes Priced of note: DKS of note.
Common Stock filings: CRK CRNX of note.
Mixed Shelf Offerings: CAMT of note.
Convertible Offering Files: CHRS of note.
Senior Notes Filed: None of note.
Earnings After The Close:
None of note.
AGX (0.39), JBHT (0.03) of note.
Gap Ups: JETS +8%, JBLU +8%, AAL +7%, DAL +6%, UAL +6%, SAVE +5%, LUV +4%, JBHT +4%.
Gap Downs: CVA -16%, ANGI -8%.
Hourly Action This Past Week: Updated 4/9 Close
News After The Close (In Order)
Carnival Cruise (CCL) extends global operations shutdown through June 30th.
Teladoc (TDOC) raises guidance.
President Trump to withhold aid from WHO until he gets questions answered on China.
Airlines and Treasury reach agreements on government aid. Names higher this morning.
Raises Guidance: ILMN
Lowers Guidance: NUVA (Q1) TREE (Q1) FLDM (Q1)
Withdraws Guidance: NUVA TREE ILMN FLDM
Dividend Decreases: GLAD
Dividend Increase: PG
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 -77 Dow Jones Industrial Average -554 NASDAQ -164 Russell 2000 -18 . Fair values are lower. Asia higher and Europe mixed.
Gold, silver and copper lower. 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 $138.75 from $138.11 with yields at 0.742%.
Positive Sectors On Tuesday: All of note led by Consumer Goods, Technology and Services.
Negative Sectors On Tuesday: None of note.
One Month Winners: Materials, Energy, Healthcare and Technology of note.
Three Month Winners: None of note.
Six Month Winners: Healthcare and Technology of note.
Twelve Month Winners: Healthcare and Technology of note.
Year to Date: None of note.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: LVS TEAM GL SLM CNS CATY BBBY ADTN of note.
Thursday Before The Open: TSM ABT DHR HON BLK BK DAL DOV KEY SON EWBC HOMB BMI HTLD RAD LOVE of note.
Earnings This Morning Of Note
APHA +0.08, UNH +0.07 of note.
PNC (0.30), GS (0.25), BAC (0.20), USB (0.09) of note.
Still to Report: SCHW, C, PGR
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story:
5 Things To Know To Start Your Day. (Bloomberg)
5 Things To Know To Start Your Wednesday. (CNBC)
Stocks Making The Biggest Moves. (CNBC)
Coronavirus update: WHO recommends restricting alcohol.
Global Coronavirus Map update:
U.S. Coronavirus Map update: Raises guidance to 30,200 to 176,000 from 26,500 to 155,300 on 4/10. Midpoint now 68,800.
IEA April oil report sees demad drop by 9.3 million barrel year over year.
Former FDA Commissioner Scott Gottlieb notes that states with natural social destining will be first to open in early May with others mid May to early June. (CNBC)
European death toll is higher than reported. (WSJ)
NYC deaths from coronavirus now over 10,000. (Bloomberg)
U.S. to double payments to financial institutions for payment on behalf of Abbott (ABT) coronavirus test. (Bloomberg)
J.C. Penney (JCP) may enter bankruptcy protection. (Reuters)
Stock Index Tracking
Current through 4/9 close. Improvement noted below.
Bold means a change from prior day.
The advance/decline line model is now a buy on 4/2 close. Updated through 4/9 close. In 2019, the model was up 16.48% on the S&P 500 and this year is up 1.14% with the S&P 500 lower by -13.65% through Thursday. Now 6 buy signals and 4 cash signals in 2019 and 2020. The latest buy is up 10.40% through last Friday’s close.
Algo/HFT Trading Levels:
The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Update through 4/9 close. EVL Ranges remain above normal and are highlighted in blue.
Courtesy of Phil Erlanger Research, Inc.
Economic & Related:
API Petroleum Institute Data is due out at 4:30 p.m. EDT.
Weekly MBA Mortgage Applications were out at 7:00 a.m. EDT and rose 7.3% driven by refinance applications.
March Retail Sales are due out at 8:30 a.m. EDT and are expected to fall to -10% from -0.5%.
March Industrial Production is due out at 9:15 a.m. EDT and is expected to fall to -3.3% from -0.6%.
April NAHB Housing Index is due out at 10:00 a.m. EDT and is expected to fall to 57 from 72.
Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.
President Trump will host several phone calls today with a variety of groups at 10:00 a.m. EDT, 12:00 p.m. EDT, 2:00 p.m. EDT and 3:30 p.m. EDT.
Federal Reserve Chicago President Charles Evans speaks at 10:30 a.m. EDT.
The Coronavirus Task Force to meet at 5:00 p.m. EDT for their daily press conference.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: (Conference Call) VOLT (Webcast) (Update) (Investor Day)
Sellside Conferences: Needham Virtutal Annual Healthcare Conference.
Industry Conferences: CISO Summit 2020. Association of National Advertisers Email Evolution Conference.