CAPIS Morning Note -6/16/21: FOMC Announcement At 2:00 p.m. And Presser At 2:30 p.m.
Breaking News: All eyes on the FOMC today. Earnings Of Note After The Close: Beats: ORCL +0.21, LZB +0.13, HRB +0.10, STEP +0.08 Flat: None Misses: None Capital Raises: IPOs Priced or News: Convery Health (CNVY) priced at $14 a share at low end of range of $14 to $16. WalkMe (WKME) priced at $31 at…
Breaking News: All eyes on the FOMC today.
Earnings Of Note After The Close:
Beats: ORCL +0.21, LZB +0.13, HRB +0.10, STEP +0.08
IPOs Priced or News: Convery Health (CNVY) priced at $14 a share at low end of range of $14 to $16. WalkMe (WKME) priced at $31 at high end of range $29 to $32.
New SPACs launched:
Secondaries Priced: PTGX RAPT of note.
Notes Priced of note: None of note.
Common Stock filings: APRN ED NMG 0f note.
Selling Shareholders of note: None of note.
Private Placement of Public Entity (PIPE):
Mixed Shelf Offerings: PMT of note.
Convertible Offering & Notes Filed: STNG 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:
Southwest Airlines (LUV) cancelled 500 flight as ran into computer trouble across the entire country.
Houghton Mifflin Harcourt (HMHC) pays down $337 million of outstanding debt as sells HMH Books & Media.
Roblox (RBLX) sees Daily Active Users (DAU) up 28% from May 2020 but down 1% from April 2021.
Apollo Global Mgmt (APO) to sell McGraw Hill to Platinum Equity per WSJ. Later confirmed.
La-Z-Boy (LZB) expects temporary hit to margins as raw material prices rise.
Oracle (ORCL) guides next quarter lower as spend for Cloud CapEx to double in effort to capture market share.
CRISPR Therapeutics (CRSP) gets FDA Orphan Drug designation for treatment of T-Cell Lymphoma. (FDA Website)
Afterhours: ORCL -4.7% HRB -2.2% LZB -2%
Dividend Increases: BHE WRB (increase and special dividend) MFA MITT HRB OXM
Buyback Announcements: MITK
What’s Happening This Morning: Futures value reflects the change with fair value.
S&P 500 -3 Dow Jones Industrial Average -54 NASDAQ +3 Russell 2000 -4. Fair values are mixed. Asia lower and Europe mixed. VIX is at 19.50 from 19.03 in futures. VIX closed at 17.02 from 16.39.
Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $132.59 from $132.58 with the yield at 1.494%. Bitcoin at $39119 from $40084 down by $958 and -2.39%.
Tuesday’s Action – 6/15.
Positive Sectors On Tuesday: Energy, Industrials and Financials of note.
Negative Sectors On Tuesday: Real Estate, Technology and Communication Services 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 mostly higher, Bonds lower, U.S. Dollar lower and Commodities mixed. Updated 6/14 Close.
Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)
Today After the Close: LEN, JEF of note.
Thursday Before the Open: KR, JBL, CMC, LAC of note.
Earnings This Morning Of Note:
Still to Report: none
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 EXLS NYCB but so far shorts are making money in both names. Updated 6/16
Erlanger Research Advance/Decline Chart/Table –Updated through 6/15. We threw in some directional arrows against the price chart of the S&P 500. All is clear for now.
Gap Ups & Down In Early Pre-Market:
Gap up: RCEL +8%, SPRO +4%
Gap down: APRN -14%, APTX -11%, RBLX -8%, NMG -6%, ORCL -5%
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 ORCL RBLX KIN LZB (CNBC)
5 Things To Know Before Trading Starts. (CNBC)
Asian trading was weak as China down -1% and Japan -0.50%. After close, China released weaker Industrial Production and Retail Sales.
Israel bombed Gaza Strip effectively ending the cease fire after Hamas sent incendiary balloons into Israel. (NYT)
China to release reserves of industrial metals. (WSJ)
U.S. Army downplayed the theft of firearms over many years, a decade. (AP)
Progressive Democrats could kill Infrastructure Deal. (Politico)
45 states now fully reopened. (NYT)
Delta variant of Covid-19 a concern BUT fully vaccinated people are in good shape.
Robinhood Snacks looks at Yelp (YELP) metrics on reopen. Shein overtakes Amazon (AMZN) as most popular app on the web.
Index Moving Averages: 6/14 Close – The Confidence Score is at 100%.
The President receives the President’s Daily Brief (9:30 AM Local), InterContinental Geneva, Switzerland, 3:30 a.m. EST
The President greets with His Excellency Guy Parmelin, President of the Swiss Confederation (1:10 PM Local), Villa La Grange, Geneva, Switzerland, 7:10 a.m. EST
The President takes a welcome photo with His Excellency Guy Parmelin, President of the Swiss Confederation, and His Excellency Vladimir Putin, President of the Russian Federation (1:25 PM Local), Villa La Grange, Geneva, Switzerland, 7:25 a.m. EST
The President holds a bilateral meeting with His Excellency Vladimir Putin, President of the Russian Federation, for the U.S.-Russia Summit (1:35 PM Local), Villa La Grange, Geneva, Switzerland, 7:35 a.m. EST
The President holds an expanded bilateral meeting with His Excellency Vladimir Putin, President of the Russian Federation, for the U.S.-Russia Summit (2:55 PM Local), Villa La Grange, Geneva, Switzerland, 8:55 a.m. EST
The President continues the expanded bilateral meeting with His Excellency Vladimir Putin, President of the Russian Federation, for the U.S.-Russia Summit (4:40 PM Local), Villa La Grange, Geneva, Switzerland, 10:40 a.m. EST
The President holds a Press Conference (Time TBD), Hôtel du Parc des Eaux-Vives, Geneva, Switzerland
The President departs Geneva, Switzerland en route Washington, DC (Time TBD), Geneva Airport, Switzerland
The President departs Joint Base Andrews for The White House (Time TBD), Joint Base Andrews
The President arrives at the White House (Time TBD), The Ellipse
Federal Reserve Open Market Committee (FOMC) concludes a two day meeting with announcement at 2:00 p.m. EDT and then a press conference at 2:00 p.m. EDT.
MBA Mortgage Applications were out at 7:00 a.m. EDT and rose 4.2%.
May Housing Starts were out at 8:30 a.m. EDT and came in below consensus at 1,572,000.
Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.
Apollo Global Mgmt (APO) to sell McGraw Hill to Platinum Equity for $4.5 billion.
Meetings of Note:
Sellside Conferences: Bank of America Biopharma Conference (6/14-16) Morgan Stanley U.S. Financials Payments & CRE Conference (6/14-16) Oppenheimer Consumer Growth & E-Commerce Conference (6/15-16) NASDAQ Investor Conference (6/15-17) Bank of America Global Telecom & Media Conference (6/15-16)
Company Meetings: UPWK PCYO (Investor Day)
Upgrades & Downgrades: