CAPIS Morning Note – 5/14/20
IPOs on deck: None of note. IPOs Filed: None of note. Secondaries Priced: PING AXLA KNSA of note. Notes Priced of note: None of note. Common Stock filings: CRK VGR of note. Mixed Shelf Offerings: ALEC of note. Convertible Offering Files: VECO of note. Senior Notes Filed: of note. Courtesy of IPO Financial Earnings After The Close: Beat: OII +0.23, CSCO +0.08, FLO +0.08,…
IPOs on deck: None of note.
IPOs Filed: None of note.
Secondaries Priced: PING AXLA KNSA of note.
Notes Priced of note: None of note.
Common Stock filings: CRK VGR of note.
Mixed Shelf Offerings: ALEC of note.
Convertible Offering Files: VECO of note.
Senior Notes Filed: of note.
Earnings After The Close:
OII +0.23, CSCO +0.08, FLO +0.08, STE +0.06, RVLV +0.02 of note.
ONEM (0.23), JACK (0.20), VRTU (0.15), SDC (0.10) of note.
Hourly Action This Past Week: Updated 5/13 Close
News After The Close (In Order)
American Society of Clinical Oncology (ASCO) abstracts begin to roll out after the close yesterday.
Mastercard (MA) starts to see normalization of markets in some areas.
Boeing (BA) wins Navy contracts at $1.98 bullion and $660 million.
Withdraws 2020 Guidance: JACK VRTU STE
Dividend Cut or Suspended: JACK PAG
Share Buyback Announcements: JACK
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
S&P 500 -33 Dow Jones Industrial Average -326 NASDAQ -90 Russell 2000 -33 Fair values are lower. Asia and Europe mixed to lower.
Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $139.41 from $139.08 unchanged with yields at from 0.644%.
Positive Sectors On Wednesday: None of note .
Negative Sectors On Wednesday: Energy, Industrials,Financials and Real Estate of note.
One Month Winners: Technology, Healthcare and Communication Services of note.
Three Month Winners: None of note.
Six Month Winners: Healthcare and Technology of note.
Twelve Month Winners: Healthcare, Technology and Communication Services of note.
Year to Date: None of note.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: AMAT NLOK FTCH GLOB NEWR MDLA HLI SSRM CVET HUYA DENN BOOT CHUY of note.
Friday Before The Open: JD VFC PBF of note.
Earnings This Morning Of Note
EQM +0.47, GDS +0.37, BAM +0.06, NICE +0.02, AG +0.02, SPNS +0.01, WIX +0.01 of note.
NCLH (0.50), SSYS (0.14), WNC (0.01) of note.
Still to Report: AZUL, KEM, MLCO, MDP, NVMI
Rags & Mags: Highlighted Stories may be clicked through to the original story.
5 Things To Know To Start Your Day. (Bloomberg)
Stocks Making The Biggest Moves. (CNBC)
5 Things To Know Before The Market Opens For Thursday. (CNBC)
Coronavirus update: Military to update vaccine.
IHME raises mid point guidance for U.S. COVID-19 deaths through August 4th to 147,040 from 137,184 deaths on May 11th.
Stock Index Tracking
Current through 5/13 close. Moving averages struggled yesterday.
Bold means a change from prior day.
The advance/decline line model is now a buy on 4/2 close. Updated through 5/13 close. In 2019, the model was up 16.48% on the S&P 500 and this year is up 3.97% with the S&P 500 lower by -12.71% through yesterday. Now 6 buy signals and 4 cash signals in 2019 and 2020. The latest buy is up 11.61% through yesterday’s close. The advance/decline line has to be above 5,400 today to avoid a move to cash ending the sell signal. As such, if you are following the model you can adjust accordingly.
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 5/13 close. EVL Ranges remain above normal and are highlighted in blue had started to drop but the action the last couple of days ended that possibility.
Courtesy of Phil Erlanger Research, Inc.
Economic & Related:
Weekly API Petroleum Institute Data came out at 4:30 p.m. EDT Tuesday and we missed reporting on this yesterday. Production rose 8 million barrels on crude oil which hurt Energy yesterday.
Weekly Jobless Claims out at 8:30 a.m. EDT.
Weekly Natural Gas Inventories are due out at 10:30 a.m. EDT.
Geopolitical & Related
Federal Reserve Minneapolis President Neel Kashkari speaks at 1:00 p.m. EDT.
Federal Reserve Dallas President Robert Kaplan speaks at 6:00 p.m. EDT.
President Trump will head to Allentown, PA to meet with employees of Owens & Minor at 1:30 p.m. EDT.
Meetings, Calls & Conferences
Investor/Analyst Days & Conference Calls of Note: SKX (Webcast)
Sellside Conferences: Credit Suisse Mexico Conference (5/11-5/14). Merrill Lynch Bank of America Transportation and Industrials Conference (5/11-5/14). Bank of America Merrill Lynch Global Virtual Healthcare Conference (5/12-5/14). JP Morgan Annual Global Technology, Media And Communication Virtual Conference (5/12-5/14). BMO Capital Markets Annual Virtual Farm to Market Conference (5/13-5/14). Goldman Sachs Virtual Industrials and Materials Conference. (5/13-5/14). Citi Virtual Chemicals Conference (5/14/20). Morgan Stanley Business Services Virtual One on One (5/14/20).
Industry Conferences: None of note.