Breaking News: Chinese Military Aircraft enters Taiwan air space reported at 7:45 a.m. EDT. It should be noted this has been happening at a greater frequency.

Earnings Of Note After The Close:

Capital Raises:

IPOs Priced or News: None of note.

New SPACs launched:

Secondaries Priced: SYNH of note.

Notes Priced of note:  None of note.

Common Stock filings:  BOOM  0f note.

Selling Shareholders of note: ASO SYNH FANG of note.

Private Placement of Public Entity (PIPE): INVA 

Mixed Shelf Offerings:  BOOM KROS GDYN  ARI  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:

SmileDirectClub (SDC) was hacked on 4/14 and will impact sales in Q2.

Sunstone Hotel (SHO) suspended dividend.

Microsoft Co-Founder Bill Gates and wife Melinda to divorce but for now the Gates Foundation to continue.

Under Armour (UAA) to settle SEC Investigation and pay $9 million in penalties.

Index Changes seeR1 (RCM) join the S&P 400 MidCap and The Bancorp (TBBK) join the S&P 600 before trading on 5/7.

Pfizer (PFE) and BioNTech (BTNX) propose to vaccinate 12 to 15 year olds. (NYT)

Granite Construction (GVA) wins $160 million contract for Texas dam project.

General Motors (GM) fixes issues with the Chevrolet Bolt EVs and safety recall on vehicles from 2017 to 2019.

After Hours:

Dividend Raises: WTS BAX MSA 

Split Announcement:

Raises Guidance: PFE UAA 

Mixed Guidance:

Lowers Guidance: HLIT 

Buyback Announcements:

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.

S&P 500 -23 Dow Jones Industrial Average -144 NASDAQ -119  Russell 2000 -19  Fair values are lower except for the Russell 2000. Asia and Europe mixed. VIX is at 20.30 from 19.90 this morning in futures. VIX closed at $18.31 from $17.61.

Gold lower, silver higher and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $132.22 from $131.97 with the yield at 1.612% from 1.644%.  Bitcoin $55,949 from $58,732.49 on Monday and this morning at $-1597 and -2.78%.

Monday’s Action – 5/3.  Equity indexes were mixed with others mixed as well ex commodities that rose.

Positive Sectors On Monday: Energy, Materials and Industrials.

Negative Sectors On Monday: Communications Services, Technology 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)

Earnings This Morning Of Note:

Below is the list of insider buys from yesterday and this morning. APAM and WHG are heavily and moderately shorted with short usually making money. Updated 5/4.

Erlanger Research Advance/Decline Chart/Table –Updated through 5/3.

Gap Ups & Down In Early Pre-Market:

Gap up: VXRT +18%, UFS +15%, TBBK +12%, REGI +8%, TRI +7%, KYMR +7%, MYGN +5%, PLOW +4%, GAIA +4%, LEG +4%, RILY +4%, CC +4%, CR +4%

Gap down: ARCB -26%, BLDP -12%, MAXR -10%, IRBT -8%, FRPT -6%, SDC -6%, SHO -6%, BOOM -5%, LGND -5%, MOS -5%, RCM -4%

Rags & Mags: Highlighted Stories may be clicked through to the original story. 

Stocks making the biggest moves CVS IRBT PFE VXRT UAA (CNBC)

5 Things To Know before the market opens. (CNBC)

Covid Cases: Cases 33,452 from 34,641 a week ago. Dosing up to 44.70% of the population. 31.98% of population fully vaccinated. Deaths at 423 from 294. (CDC)

27 States are now fully reopened as vaccinated  at 40%. (WSJ)

Treasury Secretary Yellen to appoint a new banking regulator. (Reuters)

Office space availability hits a new high in New York City. (Reuters)

European Union to let vaccinated Americans visit in late June. (The Washington Post)

Is Clorox (CLX) playing with the numbers> (WSJ)

Robinhood Snacks features discussion of Apple (AAPL) vs Epic Games court battle and impact on App Store. Estee Lauder (EL) saw sales jump 16%  but stock fell 8% = opportunity.

Index Moving Averages: A couple indexes broke their 5 and 10 day moving averages but with the action this morning that could be a distant memory. 4/30 Close

Geopolitical:

Monday night saw the RBA rate decision announced and heady policy steady.

G-7 Foreign Ministers meet in London today to discuss China and Russia.

The President receives the President’s Daily Brief, 10:15 a.m. EDT

Press Briefing by Press Secretary Jen Psaki, 12:30 p.m. EDT

The President delivers remarks on the COVID-19 response and the vaccination program, State Dining Room, 2:30 p.m. EDT

Economic:

March Factory Orders are due out at 10:00 a.m. EDT and is expected to rise to 0.7% from -0.8%.

API Petroleum Institute weekly data is due out at 4:30 p.m. EDT.

M&A Activity

R1 (RCM) to buy VisitPay for $300 million in cash.

Booz Allen Hamilton (BAH) to buy Liberty IT Solutions for $725 million.

Meetings of Note:

Sellside Meeting: Gulf South Bank Conference (5/3 -5/4) Truist Securities Life Sciences Conference (5/4-5/5) BMO Capital Markets Global Reserve & Asset Managers Conference (5/4-5/6)

Company Meetings:  UNP MYGN (Investor Day)

Industry Meetings: World Vaccine Congress (5/4-5/6)

Upgrades & Downgrades:

Monday’s Recommendations