Breaking News: June Jobs rose 850,000 beating estimates of 706,000.

Earnings After The Close:

Beats: None

Flat:  None

Misses: None

Capital Raises: 

IPOs Priced or News: Aligos Therapeutics (ALGS) priced at $19 a share. Acumen Pharmaceuticals (ABOS ) priced at $16 high end of range of $14 to $16. EverCommerce (XMTR) priced at $17 a share mid range $16 to $18 a share range. 

New SPACs launched: Apex Technology Acquisition (APXT) combines with AvePoint to trade as AVPT as of today. Falcon Capital Acquisition Corp (FCAC)combines with Sharecare to trade as SHCR as of today. Climate Change Crisis Real Impact I Acquisition Corporation to combine with EVgo and trade as EVGO as of today.

Secondaries Priced:  CERE of note.

Notes Priced of note: None of note.

Common Stock filings:  CSSE BSGM of note.

Selling Shareholders of note: NM of note.

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

Mixed Shelf Offerings: CLVT LEGN CCS GLRE 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:

Merck (MRK) withdraws accelerated approval for KEYTRUDA for treatment of adenocarcinoma.

Werner Enterprises (WERN) to purchase 80% equity in ECM Transport for $124.4 million.

Datadog (DDOG) integrates with Salesforce (CRM).

Orion Engineered Carbons (OEC) to increase prices on rubber carbon black products in EMEA.

Laboratory Corp (LH) announces launch of companion diagnostic for Amgen (AMGN) lung cancer therapy.

IMF ups U.S. growth projections to 7% from 4.6% .

Raytheon (RTX) wins $2 billion Air Force contract.

Index Changes: CRNC to S&P 400 and ATGE To S&P 600.

After The Close Trading: +CRNC +8% ATGE +7% DHT +2%   and – BSGM -8% NM -3% .

Dividend Increases: OZK   

Stock Split:

Higher Guidance: HMN

Mixed Guidance:

Lower Guidance:

Buyback Announcements: 

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

S&P 500 +8 Dow Jones Industrial Average +107 NASDAQ +1 Russell 2000 -.  Fair values are mixed. Asia mixed and Europe higher. VIX is at 17.55 from 17.69 in futures. VIX closed at 15.48 from 15.83.

Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $132.50 from $132.30  with the yield at 1.441% from 1.48%. Bitcoin is at $33046 from $33,552.10 yesterday and higher by $1219.34 and -3.51%.

Thursday’s Action – 7/1 Close.  

Positive Sectors On Thursday: Energy, Healthcare and Utilities.

Negative Sectors On Thursday: Technology, Consumer Cyclical and Consumer Defensive of note.

One Month Winners: Technology, Real Estate and Communication Services  of note.

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

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

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

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

Stocks were higher, Bonds higher, U.S. Dollar dollar higher and Commodities mixed. Updated 7/1 Close.

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

Today After the Close: none of note.

Tuesday Before the Open: none of note.

Earnings This Morning Of Note:

Insider Purchases: None of note this morning.

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”.Several names with excess short selling and only TREC has smart short sellers while LMST EXLS VAPO have dumb short sellers. Several have no history but short selling is elevated in WPF AGAN.Updated 6/30

Erlanger Research Advance/Decline Chart –Updated through 7/1 close. 

Gap Ups & Down In Early Pre-Market:

Gap up: SPCE +28%, NM +9%, CRNC +7%, ATGE +7%

Gap down: ITRM -29%, BSGM -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 SPCE DNUT APO JNJ RTX VZ TSLA GSK PNC CVAC (CNBC)

5 Things To Know Before Markets Open. (CNBC)

OPEC + Meeting to continue at 12:00 p.m. EDT and there is now a split over increased production between UAE and OPEC +.

California Governor Gavin Newsom faces recall election September 14th. (CNN)

House passes $715 billion transportation and drinking water bill as part of bigger infrastructure bill. (NYT)

Office space vacancy hit 19% in NYC the highest on record. (NYT)

Virgin Galactic (SPCE) first spaceflight 7/11.

Johnson & Johnson (JNJ) reports their Covid-19 vaccine is working well.

Robinhood looks at TikTok longer videos and its sister in China Douyin. Legal Zoom (LZ) goes public and is riding high on business boom.

Index Moving Averages: 6/30 Close – The Confidence Score is back at 100%.  

Geopolitical:

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

The President delivers remarks on the June jobs report, South Court Auditorium, 10:15 a.m. EST

The President welcomes the Los Angeles Dodgers to honor the team and their 2020 World Series Championship; The Vice President also attends, East Room, 11:40 a.m. EST

The President has lunch with The Vice President, Private Dining Room, 12:30 p.m. EST

Press Briefing by Press Secretary Jen Psaki, James S. Brady Press Briefing Room, 12:30 p.m. EST

The President participates in a naturalization ceremony to welcome citizens to our country ahead of Independence Day; the Secretary of Homeland Security and USCIS Acting Director Tracy Renaud also attend, East Room, 2:30 p.m. EST

The President and The First Lady deliver remarks to National Education Association’s Annual Meeting and Representative Assembly, The White House, 5:00 p.m. EST

Fed Speakers

Federal Reserve Atlanta President Raphael Bostic speaks at 2:00 p.m. EDT.

Economic:

June Nonfarm Payrolls is out with its latest report and is expected to rise to 680,000 from 559,000. The unemployment rate is expected to fall to 5.7% from 5.8%.

May Factory Orders is due out at 10:00 a.m. EDT and is expected to rise by 1.7% from –o.6%.

M&A Activity

EQT AB and Goldman Sachs are in discussions to buy Paraexel for $9 billion.

Meetings of Note:

Sellside Conferences: Credit Suisse Sustainability Week (6/28-7/2)

Company Meetings:  WERN (Conference Call) F (Sales Release)

Industry Meetings: None of note.

Upgrades & Downgrades: Todays recs see 1 upgrades and 1 downgrades.

Thursday Recs