Fun Fact: Amazon (AMZN) now over 200 million Prime members.
Breaking News: Europe saw its economy fall 0.6%in the first quarter. (NYT)
Earnings Of Note After The Close:
Beats: AMZN +6.24, BIO +2.31, CACC +1.28, FSLR +1.19, MSTR +1.15, ENVA +0.91, MHK +0.70, COLM +0.52, TXRH +0.36, TEX +0.35, WDC +0.34, FBHS +0.32, DVA +0.31, EHTH +0.30, BMRN +0.28, VRTX +0.28, KLAC +0.26, TEAM +0.26, BZH +0.24, KNSL +0.21, POWI +0.20, ATR +0.19, AJG +0.18, OMCL +0.18, GFF +0.17, MMSI +0.16, CVA +0.16, SM +0.15, VCRA +0.15, EBS +0.14, MATW +0.14, ACA +0.14, EXPO +0.13, ETH +0.11, EMN +0.11, FIVN +0.10, GNW +0.10, DLR +0.10, EVTC +0.08, FTNT +0.07, AX +0.06, SPSC +0.06, GLPI +0.06, ZEN +0.05, CWST +0.05, INT +0.05, ONTO +0.05, DXCM +0.04, FTV +0.04, MDRX +0.04, SWN +0.04, ATGE +0.03, ENSG +0.03, HP +0.03, ACHC +0.03, SKYW +0.03, NPTN +0.02, SWKS +0.02, MITK +0.02, TWTR +0.02, ECOL +0.02, CXP +0.02, CUBE +0.02, OFC +0.01, LMAT +0.01, NATI +0.01, PEB +0.01, RMD +0.01
Flat: COG +0.00, ERIE +0.00, GILD +0.00, HTGC +0.00, VICI +0.00
Misses: NIO (2.15), THG (0.89), MGNX (0.27), MERC (0.22), FWRD (0.22), FTAI (0.20), CRY (0.18), SGEN (0.17), PACB (0.13), CPT (0.11), KMPR (0.10), LLNW (0.07), LTC (0.07), CRUS (0.05), X (0.05), TRUP (0.04), MVIS (0.02), AEM (0.02), CCXI (0.01), CUZ (0.01), FHI (0.01), LPLA (0.01), NDLS (0.01)
Capital Raises:
IPOs Priced or News: None of note.
New SPACs launched: Forbes Media to go public through a SPAC merger. (Reuters)
Secondaries Priced: OMF RCAT CMCO of note.
Notes Priced of note: TCBI of note.
Common Stock filings: FISV MGNX 0f note.
Selling Shareholders of note: None of note.
Private Placement of Public Entity (PIPE):
Mixed Shelf Offerings: ACC GNCA 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:
Dividend Raises: CHCT MRO
Split Announcement:
Raises Guidance: WDC DXCM AMZN FIVN ZEN FWRD
Mixed Guidance: SKWS TEAM
Lowers Guidance: CRUS LLNW EBS NPTN
Buyback Announcements:
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Near the lows of the morning at 8:00 a.m. EDT.
S&P 500 -21 Dow Jones Industrial Average -144 NASDAQ -89 Russell 2000 -17 Fair values are mixed. Asia lower and Europe mixed. VIX is at 19.90 from 19.30 this morning in futures. VIX closed at $17.61 from 17.28.
Gold and silver lower and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $131.81 from $131.91 with the yield at 1.642% from 1.659%. Bitcoin $54,352.97 from $54,431 and this morning at $1428 and 2.66% from yesterday.
Thursday’s Action – 4/29. All equity indexes were higher ex the Russell 2000.
Positive Sectors On Thursday: Communication Services, Financials, Consumer Defensive and Utilities.
Negative Sectors On Thursday: Technology, Healthcare and Consumer Cyclical.
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: none of note.
Monday Before the Open: EL, EPD, ALXN, WEC, DISH, ON, CNA, GWPH, ITRI, ENBL, PETS, AKTS of note.
Earnings This Morning Of Note:
Beats: AMZN +6.24, BIO +2.31, CACC +1.28, FSLR +1.19, MSTR +1.15, ENVA +0.91, MHK +0.70, COLM +0.52, TXRH +0.36, TEX +0.35, WDC +0.34, FBHS +0.32, DVA +0.31, EHTH +0.30, BMRN +0.28, VRTX +0.28, KLAC +0.26, TEAM +0.26, BZH +0.24, KNSL +0.21, POWI +0.20, ATR +0.19, AJG +0.18, OMCL +0.18, GFF +0.17, MMSI +0.16, CVA +0.16, SM +0.15, VCRA +0.15, EBS +0.14, MATW +0.14, ACA +0.14, EXPO +0.13, ETH +0.11, EMN +0.11, FIVN +0.10, GNW +0.10, DLR +0.10, EVTC +0.08, FTNT +0.07, AX +0.06, SPSC +0.06, GLPI +0.06, ZEN +0.05, CWST +0.05, INT +0.05, ONTO +0.05, DXCM +0.04, FTV +0.04, MDRX +0.04, SWN +0.04, ATGE +0.03, ENSG +0.03, HP +0.03, ACHC +0.03, SKYW +0.03, NPTN +0.02, SWKS +0.02, MITK +0.02, TWTR +0.02, ECOL +0.02, CXP +0.02, CUBE +0.02, OFC +0.01, LMAT +0.01, NATI +0.01, PEB +0.01, RMD +0.01
Flat: COG +0.00, ERIE +0.00, GILD +0.00, HTGC +0.00, VICI +0.00
Misses: NIO (2.15), THG (0.89), MGNX (0.27), MERC (0.22), FWRD (0.22), FTAI (0.20), CRY (0.18), SGEN (0.17), PACB (0.13), CPT (0.11), KMPR (0.10), LLNW (0.07), LTC (0.07), CRUS (0.05), X (0.05), TRUP (0.04), MVIS (0.02), AEM (0.02), CCXI (0.01), CUZ (0.01), FHI (0.01), LPLA (0.01), NDLS (0.01)
Insider Purchases:
Below is the list of insider buys from yesterday and this morning. The only insider buy where shorts are present is BANC and the shorts on average when correct make 19.88%, avoid buying. Insider Action From The TradeXchange and Short Data From Erlanger Research. Updated 4/30.
Erlanger Research Advance/Decline Chart/Table –Updated through 4/29.
Gap Ups & Down In Early Pre-Market:
Gap up:
MESO +18%, LAUR +7%, FIVN +6%, XERS +6%, WDC +5%, ONTO +5%, MERC +5%, TEAM +5%, GFF +4%, CRY +4% and AMZN +2%.
Gap down:
MVIS -20%, ARDX -17%, TWTR -13%, CRUS -11%, NPTN -9%, SWKS -8%, DXCM -7%, BCS -7%, LLNW -6%, PACB -6%, CACC -5%, CLX -5%, RMD -5%, COLM -5%, PHAT -5%, FISV -4%
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)
Covid Cases: cases 53,051 from62,827 a week ago. Dosing up to 43.57% of the population. 30.20% of population fully vaccinated. Deaths at 875 from 492. (CDC)
Dozens killed in a stampede at a religious festival in Israel overnight. (AP)
India’s Covid-19 cases continue to spiral out of control. (AP)
U.S. begins troop withdrawal from Afghanistan. (CNN)
European Union says Apple (AAPL) App Store breaches competition rules. (CNBC)
President Biden could get a version of his economic plan passed by October. (Bloomberg)
5 Federal Civilian Agencies have been hacked affecting Pulse VPN, a remote connectivity tool. (CNN)
Hog slaughtering process to be slowed due to a court ruling which could increase the supply of hogs. (WSJ)
Pfizer (PFE) begins to distribute its Covid-19 vaccine in Mexico. (Reuters)
Amazon (AMZN) ad biz nears $7 billion in latest quarter and getting stronger. (CNBC)
Nio (NIO) blames slow car delivery on chip shortage.
Walt Disney (DIS) reopens its California park after a 13 month closure. (AP)
Quarterbacks dominated the first day of the NFL Draft. (AP)
Robinhood Snacks features Biden Spending Proposals could change big government. McDonalds (MCD) back to pre-pandemic levels.
Index Moving Averages: A couple indexes broke their 5 and 10 day moving averages but with the action this morning that is a distant memory. 4/29 Close
Geopolitical:
The President receives the President’s Daily Brief, Oval Office, 10:00 a.m. EDT
The First Lady participates in an Arbor Day tree planting ceremony, North Grounds, 10:30 a.m. EDT
Press Briefing by White House COVID-19 Response Team and public health officials, The White House, 11:00 a.m. EDT
The President and The First Lady depart the White House en route Joint Base Andrews, The Ellipse, 12:05 p.m. EDT
Press Briefing, Press Secretary Jen Psaki will speak aboard Air Force One en route Philadelphia, PA, 12:45 p.m. EDT
The President delivers remarks at an event marking Amtrak’s 50th Anniversary, William H. Gray III 30th Street Station, Philadelphia, PA, 2:30 p.m. EDT
The President departs Philadelphia, Pennsylvania en route Wilmington, Delaware, 3:40 p.m. EDT
Federal Reserve Dallas President Robert Kaplan speaks at 9:45 a.m. EDT.
March Personal Income is due out at 8:30 a.m. EDT and is expected to rise to 20.5% from -7.1% as stimulus checks hit bank accounts.
March PCE Price Index the Federal Reserve’s measure of inflation is due out as well and expected to rise by 0.5% from 0.2%.
April Chicago PMI is due out at 9:45 a.m. EDT and is expected to fall to 62 from 66.30.
April University of Michigan Consumer Sentiment is expected to rise to 87 from 84.90.
Meetings & Conferences of Note
WSC (Conference Call) DRQ (Fireside Chat with Capital One Securities)
Sellside Conferences: None of note.
Industry Conferences: None of note.
M&A Activity
KKR sell The Bountiful Company for $5.75 billion to Nestle (NSRGY).
Upgrades & Downgrades of Note From Sellside Firms:
Thursday Recommendations:
