CAPIS Morning Note – 6/9/25: Stock Futures Up Modestly. World Wide Developers Conference For Apple Today.

• IPOs For The Week: 
• New IPOs/SPACs launched/News: None of note.
• IPOs Filed/Priced: None of note.
• Secondaries Filed or Priced:
  • TOI files for $50 mln common stock offering.
  • EVEX also files for 1.5 mln share common stock underlying warrants. 
• Notes Priced:
• Notes Files: None of note.
• Convertibles Filed: None of note.
• Direct Offering: None of note.
• Exchangeable Subordinate Voting Shares: None of note.
• Private Placements: None of note.
• Selling Shareholders of note:
  • CGC files for 21,856,810 share common stock offering by selling shareholders.
  • BRZE files for 3,907,666 share common stock offering by selling shareholders.
  • SKYW files for 3.465 mln share common stock offering by selling shareholders.
  • BOW also files for 18,004,156 share common stock offering by selling shareholders.
  • EVEX also files for 9 mln share common stock offering by selling shareholder
• Mixed Shelf Offerings:
  • BOW files for $300 mln mixed securities shelf offering.
  • EVEX files for $300 mln mixed securities shelf offering;

News After The Close:

• Hyatt (H) announces that all regulatory approvals have been obtained for its previously announced offer to purchase all outstanding ordinary shares of Playa Hotels & Resorts.
• LMT awarded a $1.74 bln modification to US Army contract.
• RTX awarded a $646.5 mln modification to a previously awarded US Navy contract.
• Kohl’s (KSS) to close its Monroe, Ohio e-fulfillment center, one of fourteen centers. 
• Why 6,000 is a big psychological level for investors. (MarketWatch)
• The NCAA and college athletes now have a deal approved by a judge for “pay for play” athletes. (ESPN)

Exchange/Listing/Company Reorg and Personnel News:

• ARCO appoints Luis Raganato as its new Chief Executive Officer, effective July 1, 2025, succeeding Marcelo Rabach, who decided to step down from the CEO position.
• Milan Kovac, the head of engineering for Optimus at Telsa(TSLA), informed colleagues on Friday that he is departing effective immediately.
• BBAI CFO Julie Peffer to resign to pursue other opportunities.
• OII CFO Alan Curtis to retire, effective January 1, 2026; Michael Sumruld expected to succeed Mr. Curtis as CFO.
• LVWR CFO Tralisa Maraj to resign, effective July 11, 2025.
• ARVN Ian Taylor, Ph.D., President of R&D, has decided to retire, effective June 6, 2025.

• Stocks Ex Div Today of note: CIX NL VHI CCBG KRO
• Stocks Ex Div Tuesday of note:

What’s Happening This Morning: (as of 7:45 a.m. EDT) Futures S&P 500 +11.50, NASDAQ +30.50, Dow Jones +66. Europe is lower while Asia is higher ex Australia. Bonds are at 4.48% from 4.35% on the 10-Year. Crude Oil and Brent Crude are higher with Natural Gas lower. Gold is lower with Silver and Copper are higher. The U.S. Dollar is lower versus the Euro, lower against the Pound and lower against the Yen. Bitcoin is at $107,211 from $104,626 higher by $869 (0.85%).

• Daily Positive Sectors: Communication Services, Energy, Consumer Cyclical, Financials, Healthcare and Industrials were higher of note.
• Daily Negative Sectors: Materials of note.
• One Month Winners:  Communication Services, Technology, Industrials, Consumer Cyclicals, Financials of note.
• Three-Month Winners: Technology, Industrials, Communication Services, Financials and Utilities of note.
• Six-Month Winners: Communication Services, Financials, Consumer Defensive, Utilities and Materials of note.
• Twelve-Month Winners: Financials, Communication Services, Technology, Consumer Cyclical, Industrials and Utilities and of note.
• Year to Date Winners: Materials, Financials, Utilities, Industrials and Communication Services of note.

Bolded means the Sector is new to the period in which it falls.

Upcoming Earnings Of Note: (From Chartroom Software – sorted by market cap, highest to lowest with most visible names)

• Monday After the Close: CASY CVGW of note

• Tuesday Before The Open: SJM UNFI of note.

Notable Earnings of Note This Morning:

Insider Action: PSHEN STGW see Insider Buying with dumb short selling.  MODG TYRA  sees Insider Buying with smart short sellers.

Rags & Mags: Repeated stories from prior days never listed, i.e. “rehashed news”. Sorted by Global, U.S. and stock specific.

• Bloomberg Lead Story: U.S. and China to resume trade talks in London. (Bloomberg)
• Markets Wrap: Stock Futures extend gains. (Bloomberg).
• Warner Brothers (WBD) to split streaming and cable. (Bloomberg)
• 5 Things To Know Before The Market Opens. (CNBC)
• LA Clashes escalate at Trump and Newsom spar over troops. (Bloomberg)

Bolded on story link means behind a Pay Wall.

M&A Activity: None of note.

Moving Average Table:  Moves from 77% to 94% for Equities.

Meeting & Conferences of Note:

The recommendations listed below in this “Upgrade/Downgrade” section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting is to make the reader aware of market-moving recommendations. None of these recommendations should be interpreted as actual recommendations from CAPIS or its employees.

Upgrades: ABM ANTA CENT ETOR (3) HRTX HSAI KWR LPLA MBRX OKLO SHOO of note.

Downgrades: CAG HOOD ISRG USIO