CAPIS Morning Note – 4/20/21: Stocks Lower For A Second Day
Breaking News: Earnings Of Note After The Close: Beats: WTFC +1.15, ZION +0.74, CCK +0.44, PNFP +0.20, IBM +0.15, ELS +0.04, HXL +0.04, STLD +0.04, FNB +0.03, ACC +0.02 Flat: None Misses: UAL (0.68) Capital Raises: IPOs Priced or News: IFDB priced at $4 a share. New SPACs launched: Secondaries Priced: None of note. Notes Priced of note: …
Breaking News:
Earnings Of Note After The Close:
Beats: WTFC +1.15, ZION +0.74, CCK +0.44, PNFP +0.20, IBM +0.15, ELS +0.04, HXL +0.04, STLD +0.04, FNB +0.03, ACC +0.02
Flat: None
Misses: UAL (0.68)
Capital Raises:
IPOs Priced or News: IFDB priced at $4 a share.
New SPACs launched:
Secondaries Priced: None of note.
Notes Priced of note: None of note.
Common Stock filings: ADIL ZLAB FUTU MDVL 0f note.
Selling Shareholders of note: MDVL of note.
Private Placement of Public Entity (PIPE):
Mixed Shelf Offerings: BROG 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:
State Department warns that 80% of countries in the world should have a travel advisory placed on them over Covid-19.
J2 Global (JCOM) to separate into two companies.
Amgen (AMGN) announces FDA granted Breakthrough Therapy Designation for investigational Bemarituzumab.
American Airlines (AAL) cuts back on flights to South America due to spread of Covid-19.
Johnson & Johnson (JNJ) will not pursue regulatory submissions based on Phase 3 ACIS study.
Index Changes:
Dividend Raises: OTIS JNJ PEBO
Split Announcement:
Raises Guidance: CCK
Lowers Guidance:
Buyback Announcements: PG (Increases)
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. At highs of the morning.
S&P 500 -14 Dow Jones Industrial Average -132 NASDAQ -24 Russell 2000 -8 Fair values are mixed. Asia mixed and Europe lower. VIX is at 21.05 from 20.03 this morning in futures. VIX closed at 17.29 from 16.25 and the three month futures is at 21.37.
Gold lower, silver higher and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at$132.28 from $132.34 with the yield at 1.592% from 1.587%. Bitcoin $57,100 from Monday’s $57,100 but this morning up $1324 and +2.37% from yesterday.
Monday’s Action – 4/19. All equity asset classes were lower and Treasuries sold off.
Positive Sectors On Monday: Energy.
Negative Sectors On Monday: Technology, Consumer Cyclical and Industrials.
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: NFLX, ISRG, CSX, EW, IBKR, WRB, THC, PACW, HWC, UCBI, FULT, FMBI, LRN of note.
Wednesday Before the Open: ASML, VZ, NEE, ANTM, ERIC, TEL, NDAQ, RCI, BKR, HAL, NVR, SBNY of note.
Earnings This Morning Of Note:
Beats: CMA +1.05, AN +0.97, MAN +0.44, DOV +0.36, SNV +0.29, JNJ +0.26, FITB +0.25, LMT +0.24, OMC +0.21, NTRS +0.21, PM +0.17, KEY +0.14, SI +0.09, PG +0.06, ABT +0.05, EDU +0.03, IRDM +0.01
Flat: none
Misses: TRV (0.28), XRX (0.07)
Still to Report: BMI, GATX, SFNC
Insider Purchases: Below is the list of insider buys from yesterday and this morning. No shorts present today in where insider buying took place. Insider Action From The TradeXchange and Short Data From Erlanger Research. Update 4/19.
Erlanger Research Advance/Decline Chart/Table –Updated through 4/19.
Gap Ups & Down In Early Pre-Market:
Gap up: AVNW +6%, EDU +4%, JCOM +4%, IBM +3%
Gap down: FUTU -8%, ZLAB -6%, TRQ -2%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Stocks making the biggest moves KSU AN IBM: (CNBC)
Chinese President Xi says he will not pursue hegemony no matter how powerful it gets. (CNBC)
Tokyo looks at new state of emergency for Covid-19. (Bloomberg)
IEA issues dire warning on carbon emissions. (CNBC)
President Biden says he is willing to compromise on Infrastructure Plan. (The Washington Post)
House passes Marijuana Banking Bill and it goes on to the Senate where fate not as certain. (MarketWatch)
Pelaton (PTON) under pressure to recall treadmills. (WSJ)
Boeing (BA) picks up an order for 15 737 MAX.
Tesla (TSLA) CEO Elon Musk tweets on Tesla Texas crash.
Index Moving Averages: All indexes are now above their moving averages. 4/16 Close
4/19 results.
Geopolitical:
The President and The Vice President receive the President’s Daily Brief, Oval Office, 10:15 a.m. EDT
The President and The Vice President meet with leadership of the Congressional Hispanic Caucus, Oval Office, 11:15 a.m. EDT
Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:30 p.m. EDT
The President participates in a virtual tour of the Proterra electric battery facility in South Carolina and delivers remarks, South Court Auditorium, 2:45 p.m. EDT
Economic:
Redbook Sales are due out at 8:55 a.m. EDT.
Weekly API Petroleum Data is due out at 4:30 p.m. EDT.
Meetings & Conferences of Note
UMPQ IDYA IBCP IDYA SGH AAP (Investor Meeting) BHP (Update) JAZZ GIFI GNK DANOY (Conference Call) HPE (Webcast) AAPL (Corporate Event)
Sellside Conferences: None of note.
Industry Conferences: None of note.
M&A Activity
Upgrades & Downgrades of Note From Sellside Firms:
Monday Recommendations:
