Breaking News: CPI +0.9% higher versus estimates of 0.5%.

Earnings After The Close:

Capital Raises: 

IPOs Priced or News: None of note.

New SPACs launched: Ivanhoe Capital Acquisition Corp (IVAN) will merge with SES.

Secondaries Priced: ISEE of note.

Notes Priced of note:  of note.

Common Stock filings: CLDX ISEE TWO AFIB BYRN GATO SHLS LAZ of note.

Selling Shareholders of note: OLK GATO SHLS CHPT of note.

Private Placement of Public Entity (PIPE): None of note.

Mixed Shelf Offerings:  CALT VFF of note.

Convertible Offering & Notes Filed:  of note.

Note Offerings Filed:  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:

Lumber is now lower for the year. (Bloomberg)

Oat production is now at the lowest level since 1866. (Bloomberg)

Ransomware attacks doubling each week. (Fox Business)

22 Afghanistan Commando were executed by the Taliban. (CNN)

Several asset managers report earnings CNS AB APAM AMK IVS BEN 

Vimeo (VMEO) reports monthly metrics.

PLx Pharma (PLXP) to have VAZALORE in over 4,500 U.S. Walmart stores in August.

NASDAQ (NDAQ) reports U.S. equity options for June 286 million versus 247 million in May and 230 million a year ago.

Raytheon (RTN) wins $320 million Army contract.

Johnson & Johnson (JNJ) warns of risk of getting Guillain-Barre Syndrome after vaccination for 6 weeks.

Index Changes: Middlesex Water (MSEX) to join S&P 600.

After Hours + PLXP +29% BAOS +22% MSEX =9% UXIN +9% EQ +6% CLDX +3% and – SLP -14% AFIB -9% TWO -8% CHPT -7% VOXX -6% OLK -5% GATO -4% SHLS -4%

Dividend Increases:

Stock Split:

Higher Guidance: OLK MDCA 

Mixed Guidance:

Lower Guidance:

Buyback Announcements: 

What’s Happening This Morning: Futures value reflects the change with fair value. China reported better trade data as exports rose 32%.

S&P 500 -10 Dow Jones Industrial Average -90  NASDAQ -17 Russell 2000 -7.  Fair values are mixed. Asia higher and Europe lower. VIX is at 17.20 from 18.10 in futures. VIX closed at 16.17 from 16.18. Gold higher with silver and copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is  lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $133.44 from $133.50 with change in yield at 1.37% from 1.334%. Bitcoin is at $32924 from $33589 yesterday morning and  higher by $6 and +0.02%.

Monday’s Action – 7/12 Close.  

Positive Sectors On Monday: Financials, Real Estate and Communication Services of note.

Negative Sectors On Monday: Energy, Consumer Defensive and Technology of note.

One Month Winners: Technology, Consumer Cyclical and Materials of note.

Three Month Winners: Energy, Real Estate and Healthcare of note.

Six Month Winners: Real Estate, Communication Services, Energy and Financials of note.

Twelve Month Winners: Materials, Communication Services, Industrials, Financials and Energy of note.

Year to Date: Energy, Communication Services, Financials, Real Estate and Industrials of note.

Stocks were higher, Bonds lower, U.S. Dollar dollar higher and Commodities were mixed. Updated 7/12 Close.

 

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

Below is the list of insider buys from this morning and is sorted by Erlanger Volume Swing (EVS). The idea here is simple. Find stocks where insiders are buying and the shorts are “dumb short sellers”. Only EXLS has dumb short sellers. Updated 7/13

Erlanger Research Advance/Decline Chart –Updated through 7/12 close. 

Gap Ups & Down In Early Pre-Market:

Gap up: BAOS +32%, PLXP +30%, CMAX +13%, NOK +9%, MSEX +8%, UXIN +5%, ASPL +4%, EVGO +3%

Gap down: SLP -12%, TWO -11%, AFIB -7%, OLK -6%, CHPT -5%, GATO -4%

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   (CNBC)

5 Things To Know Before Markets Open. (CNBC)say several more months before a decision about use of a

U.S. Officials will delay for several months decision on Pfizer (PFE) booster. (NYT)

Democrats think they can pass $3-4 trillion more of Infrastructure Bill through reconciliation. (WSJ)

Senate Majority Leader Schumer to introduce bill to legalize cannabis. (Marijuana Moment)

Twitter (TWTR) expects 50% of workers to return to office. (Reuters)

Boeing (BA) reports new production issues with the 787, (WSJ)

Robinhood looks at Levi Strauss (LEVI) as sales doubled from a year ago. Subway revamps menu will they recapture share?

Index Moving Averages: 7/12 Close – The Confidence Score moves to 93% from 90%.  

Geopolitical:

The President receives the President’s Daily Brief, Oval Office, 9:30 a.m. EST

The President departs the White House en route Joint Base Andrews and Philadelphia, Pennsylvania, 1:00 p.m. EST

The President arrives in Philadelphia, Pennsylvania, 2:05 p.m. EST

The President delivers remarks on protecting the sacred, constitutional right to vote, 2:50 p.m. EST

The President departs Philadelphia, Pennsylvania en route Joint Base Andrews, 4:10 p.m. EST

The President returns to the White House, 5:15 p.m. EST

Fed Speakers

Federal Reserve Atlanta President Raphael Bostic to speak at 12:00 p.m. EDT.

Federal Reserve Minneapolis President Neel Kaskari to speak at 12:45 EDT and 2:30 p.m EDT.

Federal Reserve Boston President Eric Rosengren to speak at 2:30 p.m. EDT.

None of note.

Economic:

NYSE and NASDAQ Short Interest came out after the close for the period of June 11th through June 28^th on a trade date basis. During this period, the S&P 500 rose 1.02%. NYSE saw a decrease of -0.68% while the NASDAQ rose 0.84%.

June NFIB Small Business Optimism was out at 6:00 a.m. EDT and came in at   against last month at 99.6.

June CPI is due out at 8:30 a.m. EDT and is expected to fall to 0.5% from 0.6%.

The June Treasury Budget is due out 2:00 p.m. EDT. 

Weekly API Petroleum Institute Data is due out at 4:30 p.m. EDT.

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

M&A Activity:

Fortive (FTV) buys ServiceChannel for $1.2 billion.

Meetings of Note:

Sellside Conferences: Ladenburg Thalman Healthcare Conference (7/13-14) William Blair Biotech Focus Conference (7/13-15) Cowen Cannabis Policy Summit (7/13)

Company Meetings:  DELL MDB ANGO XPO RIOT NVMI (Investor Meeting)  FTV (Conference Call)

Industry Meetings: None of note.

Upgrades & Downgrades: Todays recs see 7 upgrades and 1 downgrade.

Monday Recs