CAPIS Morning Note – 4/30/20 Jobless Claims Hit 3.84 Million For Week, Now Over 30 Million Last Six Weeks -Futures Lower
Breaking News: IPOs on deck: None of note. IPOs Filed: None of note. Secondaries Priced: None of note. Notes Priced of note: ELY of note. Common Stock filings: SNDX MRNS of note. Mixed Shelf Offerings: PFG SONA EFC NEO of note. Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings…
IPOs on deck: None of note.
IPOs Filed: None of note.
Secondaries Priced: None of note.
Notes Priced of note: ELY of note.
Common Stock filings: SNDX MRNS of note.
Mixed Shelf Offerings: PFG SONA EFC NEO of note.
Convertible Offering Files: None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
TSLA +1.45 URI +0.82 VRTX +0.72 FICO +0.38 NGVT +0.30 UCTT +0.30 KAI +0.26 JBT +0.26 MSA +0.23 MTDR +0.18 PTC +0.15 MSFT +0.15 RYN +0.13 MANT +0.12 TTMI +0.12 BMRN +0.11 AFL +0.10 PRI +0.10 NOW +0.09 QCOM +0.09 ADM +0.08 CNMD +0.07 MTSI +0.07 OIS +0.07 MGRC +0.06 BHE +0.06 WHD +0.06 EBAY +0.05 NGHC +0.05 AEGN +0.05 AX +0.05 KLIC +0.04 PS +0.04 PEGA +0.04 CONE +0.03 PGRE +0.03 MOBL +0.03 AVTR +0.03 AGI +0.02 AM +0.01 CCI +0.01 HIG +0.01 KRC +0.01 TTEK +0.01 NLY +0.01 CREE +0.01 PPC +0.01 of note.
AGNC +0.00 FB +0.00 INOV +0.00 MXL +0.00 PDM +0.00 TYL +0.00
CHDN (0.28) RJF (0.26) OLN (0.24) ALGN (0.15) AR (0.13) HCC (0.12) CACI (0.12) TDOC (0.05) GIL (0.05) BCOV (0.05) ISBC (0.05) TRN (0.04) SCI (0.03) MPW (0.02) ATRC (0.02) DRE (0.02) of note.
AX +20%, MTDR +20%, MRKR +18%, AR +17%, SIX +14%, OIS +12%, UCTT +12%, MTSI +11%, PSTI +10%, WHD +9%, FB +9%, TSLA +8%, HOLX +8%, SIGA +8%, AMC +8%, NOK +8%, NGVT +8%, MSA +7%, NLSN +7%, NOW +7%, AMRN +6%, CHS +5%, AZN +5%, FICO +5%, NLY +4%, BCEL +4%, CONE +4%, AGI +4%, MPW +4%.
ENC -12%, OLN -9%, RDS.A -7%, AM -7%, LYG -6%, NEO -6%, HIG -6%, INOV -5%, RYN -4%, TTMI -4%, TTMI -4%.
Hourly Action This Past Week: Updated 4/28 Close
News After The Close (In Order)
Facebook (FB) sees stability in ad sales the first three week of April.
Allison Transmission (ALSN) wins $162 million contract with the U.S. Army.
Boeing (BA) gets a rating cut from a major credit agency to one level above junk.
President Trump noted that a bailout coming for the energy patch.
Raises Guidance: VRTX PS MTSI (Q3) EBAY (Q2) CCI
Lowers Guidance: BMRN TDC INOV KLIC
Withdraws Guidance: MGRC ALGN AVTR CNMD FICO URI SCI AFL BCOV PGRE HCC JBT PDM KAI TTEK DNKN WCC GRA HBI TFX SPB AIT
Dividend Cut or Suspension: MEOH RDSA DNKN
Dividend Raise: JBSS (special) AUY
Share Buybacks Stopped:
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 -16 Dow Jones Industrial Average -187 NASDAQ +40 Russell 2000 -25 Fair values are lower. Asia higher and Europe lower.
Gold, 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 $139.16 from $139.13 with yields at .605% from 0.58%.
Positive Sectors On Wednesday: Materials, Energy, Technology and Financials of note.
Negative Sectors On Wednesday: Utilities of note.
One Month Winners: Materials, Conglomerates, Financials and Services of note.
Three Month Winners: None of note.
Six Month Winners: Healthcare and Technology of note.
Twelve Month Winners: Healthcare, Technology and Consumer Goods of note.
Year to Date: None of note.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: AAPL AMZN V AMGN GILD SYK ILMN PSA MNST BIDU SGEN RMD FTV EIX WELL TEAM AEM AJG of note.
Friday Before The Open: XOM CVX ABBV CHTR HON CL AON EL PSX JCI CLX LYB WY MO CBOE WPC VTR XRAY MMP APO of note.
Earnings This Morning Of Note
AGIO +1.05 PH +0.66 TPX +0.61 SPB +0.50 MCO +0.49 TFX +0.48 VC +0.44 MTOR +0.37 CI +0.32 COP +0.28 MGPI +0.26 TECH +0.26 PRLB +0.23 WLTW +0.21 DAN +0.17 IP +0.15 BC +0.12 SWK +0.12 HUBB +0.12 AIMC +0.11 MO +0.10 CMCSA +0.10 PRGO +0.10 IDXX +0.09 PNR +0.09 RDS.A +0.09 GNRC +0.09 DNKN +0.08 LKQ +0.08 BAX +0.08 MMC +0.08 SIX +0.07 SO +0.07 LNTH +0.07 JHG +0.07 CHD +0.06 ESI +0.05 SYNH +0.04 ICE +0.04 AMRN +0.04 FLWS +0.04 SITC +0.04 KHC +0.04 GRA +0.02 ETN +0.02 COR +0.02 AUY +0.02 TAP +0.02 DOW +0.01 AIT +0.01 NVCR +0.01 of note.
CG (2.16) GT (0.35) IMAX (0.34) AAL (0.29) HGV (0.29) ABMD (0.27) TPR (0.23) FBP (0.20) SF (0.17) TWTR (0.12) TXT (0.12) GWB (0.11) LAZ (0.08) MCD (0.08) IDA (0.07) HBI (0.07) WCC (0.03) INSM (0.02) NLSN (0.02) FCN (0.01) of note.
Flat: EME +0.00
Still to Report: ARW CWT CRS CRAI COLB CFR BEN K OSTK PATK BPOP PFS SNDR TRS UBSI VLY
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story: Jobless Claims hit 3.84 million, now over 30 million last six weeks. (CNBC)
5 Things To Know To Start Your Day. (Bloomberg)
5 Things To Know To Start Your Thursday. (CNBC)
Stocks Making The Biggest Moves. (CNBC)
Coronavirus update: California to close beaches after crowds last weekend.
President Trump considers options to punish China for role in coronavirus pandemic. (Reuters)
Florida to open restaurants and stores with 25% capacity. (Fox)
Cell phone data shows 18% reduction in Americans staying at home. (CBS)
Telsa (TSLA) Elon Musk goes crazy on conference call calling U.S. “fascists”. (CNBC)
Gilead Sciences (GILD) President Daniel O’Day says company has 50,000 cases ready to go of Remdesivir once FDA approves.
Stock Index Tracking
Current through 4/28 close. Moving averages continue to improve ex the NASDAQ 100 that fell yesterday.
Bold means a change from prior day.
The advance/decline line model is now a buy on 4/2 close. Updated through 4/29 close. In 2019, the model was up 16.48% on the S&P 500 and this year is up 6.08% with the S&P 500 lower by -11.03% through Friday. Now 6 buy signals and 4 cash signals in 2019 and 2020. The latest buy is up 13.72% through 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. Updated through 4/29 close. EVL Ranges remain above normal and are highlighted in blue BUT are starting to drop.
Courtesy of Phil Erlanger Research, Inc.
Economic & Related:
Weekly Jobless Claims due out at 8:30 a.m. EDT and is expected to fall to 3,050,000 from 4,427,000 last week.
March Personal Income are due out at 10:00 a.m. EDT and are expected to fall to -1.5% from 0.6%.
April Chicago PMI is due out at 9:45 a.m. EDT and is expected to fall from 47.8 to 39..2.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
Geopolitical & Related
President Trump will meet with the Governor of New Jersey at 11:00 a.m. EDT and then at 4:00 p.m. EDT deliver remarks on protecting seniors through COVID-19.
The European Central Bank is out with its latest decision and left rates unchanged.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: DVAX F M UAVS PSTI (Conference Call).
Sellside Conferences: None of note.
Industry Conferences: American Academy of Neurology Annual Meeting (4/25-5/1).