CAPIS Morning Note 4/8/21: Futures Higher Led By NASDAQ, Powell To Speak At Noon
Breaking News: Earnings Out After The Close Of Note: Beats: RGP +0.11 Flat: None Misses: None Capital Raises: IPOs Priced or News: New SPACs launched: Secondaries Priced: NTST CRNX MRVI OTIC PHR INVE of note. Notes Priced of note: LI of note. Common Stock filings: OTIC INVE AMRS 0f note. Selling Shareholders of note: FPI VIEW…
Breaking News:
Earnings Out After The Close Of Note:
Beats: RGP +0.11
Flat: None
Misses: None
Capital Raises:
IPOs Priced or News:
New SPACs launched:
Secondaries Priced: NTST CRNX MRVI OTIC PHR INVE of note.
Notes Priced of note: LI of note.
Common Stock filings: OTIC INVE AMRS 0f note.
Selling Shareholders of note: FPI VIEW REPX AMRS of note.
Private Placement of Public Entity (PIPE):
Mixed Shelf Offerings: MTBC KDNY EDAP REPX AMRS of note.
Convertible Offering & Notes Filed: PRGS of note.
Note Offerings Filed: 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:
FireEye (FEYE) names John Watters as President and CEO.
Twitter (TWTR) looked at buying audio chat app Clubhouse.
Robinhood looks to add more bank loans and credit lines before IPO.
Costco (COST) saw March sales rise +11.1%.
President Biden proposed $100 billion in new Electronic Vehicle consumer rebates.
General Motors (GM) tests various battery chemistries to drop costs for Electronic Vehicles.
Index Changes:
Dividend Raises:
Split Announcement:
Raises Guidance:
Lowers Guidance:
Buyback Announcements: ABB
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 +12 Dow Jones Industrial Average -21 NASDAQ +110 Russell 2000 +18.45 Fair values are mixed. Asia mixed and Europe higher. VIX is at 18.55 from 19.70 yesterday this morning in futures. VIX closed at 17.16 from 18.12 and the three month futures at 20.66 from 21.16.
Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $131.86 from $131.70 with the yield at 1.663% from 1.698%. Bitcoin $ 56,600 from $58,694.86 yesterday morning and today $796 +1.43%.
Yesterday’s Action – 4/7
Positive Sectors On Wednesday: Communication Services, Energy and Financials.
Negative Sectors On Wednesday: Consumer Cyclical, Healthcare, Industrials and Materials 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)
Today After the Close: LEVI, WDFC, PSMT, AFYA of note.
Friday Before the Open: JKS of note.
Earnings This Morning Of Note:
Beats: STZ +0.41, APOG +0.07, CAG+0.01
Flat: None
Misses: None
Still to Report: None
Insider Purchases: Below is the list of insider buys from yesterday and this morning. We note GNPX usually sees the short sellers losing BUT so far they have made a nice amount of change with the insider action this is an interesting long idea. Insider Action From The TradeXchange and Short Data From Erlanger Research.
Erlanger Research Advance/Decline Chart/Table –Updated through 4/7.
Gap Ups & Down In Early Pre-Market:
Gap up: CNBKA +13%, CYDY +10%, RGP +5%, EBC +4%, AZN +4%
Gap down: LNDC -8%, AMRS -7%
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Stocks making the biggest moves: BYND NOK LI of note. (CNBC)
5 Things To Know Before The Market Opens (CNBC)
President Biden to unveil new policy on guns as well as a new ATF head. (CNBC)
Senator Joe Manchin (D-WV) will under “no circumstances” vote to remove or weaken filibuster and is against budget reconciliation. (The Washington Post)
FTC urges judge to reject Facebook (FB) request to dismiss antitrust lawsuit. (Bloomberg)
Robinhood Note this morning focuses on Coinbase to go public next week. Also, looks at pending IPOs Patreon, Cameo, Substack and Clubhouse. Digital ad spend rose 12% in 2020.
Investor Peter Thiel says that China is using Bitcoin as a weapon against the U.S.
Bold means a change from prior day.
4/7 results.
Geopolitical:
The President and The Vice President receive the President’s Daily Brief, Oval Office, 10:45 a.m. EDT
The President, The Vice President, and the Attorney General deliver remarks on gun violence prevention; The First Lady also attends, Rose Garden, 11:45 a.m. EDT
Press Briefing by Press Secretary Jen Psaki and Secretary of Energy Jennifer Granholm, 12:30 p.m. EDT
The President has lunch with The Vice President, Private Dining Room, 1:00 p.m. EDT
The President and The Vice President receive a COVID-19 briefing, Oval Office, 4:15 p.m. EDT
Economic:
Weekly Jobless Claims are due out at 8:30 a.m. EDT. Came in way above expectations 744,000.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
Meeting & Conferences of Note:
( Investor Meeting) (Analyst Day) (Conference Call) (Webinar) (Update)
Sellside Conferences: Wells Fargo Biotech Corporate Access Days (4/6-8) Morgan Stanley Triple Net REIT Days (4/6-8)
Industry Conferences: American Chemical Society Spring Virtual Meeting (4/5-10) Alliance for Regenerative Medicine Cell & Gene Meeting on the Mediterranean (4/6-9)
M&A Activity
Canopy Growth (CGP) is buying Supreme Cannabis Company (SPRWF) in a stock deal.
Eastern Bankshares (EBC) to buy Century Bancorp (CNBKA) for $115.28 per share.
GI Partners to buy Orbcomm (ORBC) for $11.50 a share in all cash deal for $1.1 billion.
Upgrades & Downgrades of Note From Sellside Firms:
Wednesday Recommendations:
