CAPIS Morning Note -6/10/21: CPI Comes in Hot, Stocks Mixed

Breaking News: Fun Fact: 83% of movie theaters are open globally. (Comscore) Earnings Of Note After The Close: Beats: OXM +0.83, RH +0.77, GME +0.39, VRNT +0.08 Flat:  GEF Misses: none Capital Raises:  IPOs Priced or News: (DIBS) priced at $20 a share with range of $18 to $21. LifeStance Health Group (LFST) priced…

Breaking News:

Fun Fact: 83% of movie theaters are open globally. (Comscore)

Earnings Of Note After The Close:

Beats: OXM +0.83, RH +0.77, GME +0.39, VRNT +0.08

Flat:  GEF

Misses: none

Capital Raises: 

IPOs Priced or News: (DIBS) priced at $20 a share with range of $18 to $21. LifeStance Health Group (LFST) priced at $18 above $15 to $17 range. Zeta Global Holdings (ZETA) priced at $10 the low end of range of $10 to $12.

New SPACs launched: Arya Sciences Acquisition Corp III to trade as Nautilis Biotechnology (NAUT)

Secondaries Priced: JAMF ACRS LESL CELH APR GENI IMBI HSTO   of note.

Notes Priced of note:  COTY LADR SPI of note.

Common Stock filings:  CELH GME LTHM PLBY CVLT MTLS XXII  0f note.

Selling Shareholders of note:  REVG CELH KRG HYFM EGLX PAR  of note.

Private Placement of Public Entity (PIPE):

Mixed Shelf Offerings: CELH LTHM SACH of note.

Convertible Offering & Notes Filed: WETF CAKE 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:

MACOM Tech (MTSI) and MaxLinear (MXL) to collaborate on solutions for Data Center applications.

Gamestop (GME) names Matt Furlong as CEO and Mike Recupero as CFO. Company receives SEC request for documents related to trading.

Asset Managers start to report month end AUM – IVZ  up 3.2%, BEN up to $1,543 billion from 1,529 billion, APAM goes to 172.9 billion and separate accounts $88.9 billion.

Manitowoc (MTW) had a cybersecurity issue and withdraws from Stifel Cross Sector Insight Conference.

EZCORP (EZPW) buys 128 pawn stores in Mexico.

Raytheon Technologies (RTX) wins $3.1 billion Air Force contract.

Roblox (RBLX) sued for copyright infringement by music publishers.

Afterhours: OXM +13% RH +6% TLYS +4%   and lower GME -12% LAKE 08% MTLS -8% EGLX -6% AMC -6% LTHM -5% REVG -5%

Dividend Increases: TLYS (Special $1) EARN

Stock Split: 

Higher Guidance: VRNT OXM GEF RH 

Mixed Guidance: 

Lower Guidance: 

Buyback Announcements: 

What’s Happening This Morning: Futures value reflects the change with fair value.

S&P 500 +4 Dow Jones Industrial Average -3 NASDAQ +35 Russell 2000 +3.4.  Fair values are lower today. Asia and Europe mixed. VIX is at 20.15 from 17.65  in futures. VIX closed at 17.07 from 16.42.

Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $132.66 from $132.36 with the yield at 1.487% from 1.538%.  Bitcoin $34,958 from  $33109 yesterday morning up $2109 and +6.42%.

Tuesday’s Action – 6/8.  

Positive Sectors On Tuesday: Real Estate, Consumer Cyclical and Energy of note.

Negative Sectors On Tuesday: Utilities, Consumer Defensive and Healthcare of note.

One Month Winners: Energy, Financials, Materials and Industrials  of note.

Three Month Winners: Energy, Materials, Industrials and Financials of note.

Six Month Winners: Energy, Financials, Materials and Industrials of note.

Twelve Month Winners: Materials, Industrials, Financials and Consumer Cyclicals of note.

Year to Date: Energy, Communication Services, Financials and Materials of note.

Stocks were mixed, Bonds higher, U.S. Dollar higher and Commodities mixed. Updated 6/9 Close.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)

Today After the Close: CHWY, NUVB, PLAY of note.

Friday Before the Open: none of note.

Earnings This Morning Of Note:

Beats: SIG +0.96

Flat:  none

Misses: none

Still to Report: JW.A

Insider Purchases:

Below is the list of insider buys from  Tuesday morning and this morning sorted by day. The idea here is simple. Find stocks where insiders are buying and the shorts are “dumb short sellers”. Insider buying and dumb short selling exists in NLTX AMRN but so far shorts are making money in both names. We note that CYCN  has above average short selling but no history.  Updated 6/8

Erlanger Research Advance/Decline Chart/Table –Updated through 6/8. Very Strong as breaking out to new highs!!

Gap Ups & Down In Early Pre-Market:

Gap up:

VRNA +19.8%, OXM +13.8%, RH +6.3%, GEF +5.1%, CANO +4.2%, OBSV +4%

Gap down:

 MTLS -13.9%, CELH -8.6%, LAKE -7.3%, IMBI -5.6%, GME -5.6%, PLBY -4.3%, AMC -3.8%

Rags & Mags: Highlighted Stories may be clicked through to the original story.  Repeated stories from prior days never listed, i.e. “rehashed news”.

Stocks making the biggest moves  RH SIG GME (CNBC)

5 Things To Know Before Trading Starts. (CNBC)

Covid-19 sees cases, deaths and hospitalizations rise week over week.

U.S. and China to move forward on trade and investment connections. (Bloomberg)

IBM Corp (IBM) employees to return to office in September. (Bloomberg)

United Airlines (UAL) to buy 100 Boeing (BA) jets. (Bloomberg)

Starbucks (SBUX) facing shortages of cups and syrup. (WSJ)

Taiwan Semi (TSM) sees May revenues up 19.8% yoy.

JBS SA (JBSAY) paid hackers $11 million to remove Ransomware.

Robinhood Snacks looks at El Salvador which makes Bitcoin legal tender. IRS leak of wealthy paying no tax.

Index Moving Averages: 6/1 Close – The Confidence Score is at 100%.


President Joe Biden is in Europe and spends today in England with a visit to the royals.

ECB out and no chance. Presser at 8:30 a.m. EDT.

G-7 Meeting begins tonight.

Federal Reserve Speakers: None of note today.


Weekly API Petroleum Data was out at 4:30 p.m. EDT and saw a .

Weekly Jobless Claims are due out at 8:30 a.m. EDT.

May CPI is due out at 8:30 a.m. EDT and is expected to fall to 0.4% from 0.8%.

May Treasury Budget is due out at 2:00 p.m. and came in last month at -$398.8 billion.

Weekly Natural Gas Inventories are due out at 10:00 a.m. EDT.

$24 Billion of 30 Year Auction at 1:00 p.m. EDT.

M&A Activity

Meetings of Note:

Sellside Conferences: Deutsche Bank dbAccess Global Consumer Services (6/7-6/10) Goldman Sachs Global Healthcare Conference (6/8-11) Stifel Cross Sector Insight Conference (6/8-6/10) Baird Global Consumer Tech Conference (6/8-10) Bank of America Global Technology Conference (6/8-6/15) Deutsche Bank Global Basic Materials Conference (6/9-10) Bank of America Global Technology Conference (6/9-10)

Company Meetings: SNOW FEYE CDLX PNR (Investor Day)  VERB RDN (Webinar)

Industry Meetings:  Apple (AAPL) Developers Conference (6/7-11) LD Micro (6/8-6/10) NAREIT REITWeek Conference (6/8-6/10)

Upgrades & Downgrades:

Wednesday Recommendations