Earnings Out After The Close:
Beats: CRSP +6.32 AMZN +2.88 DECK +1.82 SKYW+0.89 MHK +0.76 TMUS +0.28 X +0.28 PINS +0.12 FTNT +0.08
Misses: DRQ-0.44 WRI -0.33 AJG -0.15 ZEN -0.03
IPOs Priced or News: Dole (DOLE) prices 25 million shares IPO at $16 with range of $16 to $17. Omega Therapeutics (OMGA) priced at $17 at mid point of range of $16 to $18.
New SPACs launched: None of note.
Secondaries Priced: OMF of note.
Notes Priced of note: None of note.
Common Stock filings: None of note.
Selling Shareholders of note: OMF POWW of note.
Private Placement of Public Entity (PIPE): None of note.
Mixed Shelf Offerings: V RDHL EIX MAA CRSP 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:
Amazon (AMZN) guided lower for Q3 due to tough comps.
President Biden says we have a pandemic of the unvaccinated.
CDC says that vaccinated can pass the Delta virus and is more contagious than Smallpox.
Procter & Gamble (PG) names Jon Moeller too succeed David Taylor as CEO as of 11/1.
Stocks making the biggest moves afterhours. (CNBC)
President Biden to allow the eviction moratorium to expire. (AP)
SEC to stop processing registrations of Chinese companies while it considers new guidance.
Dividend Increases: RSG ESXB CHCT AUY
Buyback Announcements: PRAA KLAC
What’s Happening This Morning: Futures value reflects the change with fair value.
S&P 500 -28 Dow Jones Industrial Average -89 NASDAQ -163 Russell 2000 -7. Fair values are mixed. Asia and Europe lower. VIX is at 20.05 from 19.95 in futures. VIX closed at $17.70 from $18.31. Gold, silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $134.47 from $134.28 with yields at 1.242% from 1.268% on Thursday. Bitcoin at $38781 from $39,744,74 yesterday down $-816 or -2.00%.
Thursday’s Action – 7/29 Close.
Positive Sectors On Thursday: Materials, Energy and Industrials of note.
Negative Sectors On Thursday: Communication Services and Real Estate 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 lower and Commodities higher. Updated 7/29 Close.
Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)
Friday After the Close: none
Monday Before the Open: GPN, RCL, ON, CNA, TSEM, JELD, ARCB, CAMT, GPRE, MX of note.
Earnings of Note This Morning:
Beats: CRI+0.88 CPRI +0.62 LYB +0.51 CHTR +0.30 CAT +0.19 VFC +0.16 CVX +0.11 PG +0.04
Misses: IMO -0.09 WY -0.02 COG -0.02
Still to Report:
Insider Purchases: None of note today.
Above 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”. None of note with heavy short selling. Updated last 7/23
Erlanger Research Advance/Decline Chart –Updated through 7/29 close.
Gap Ups & Down In Early Pre-Market:
Gap up: ERYP +55%, ARDX +26%, TEAM +11%, MSON +10%, NXGN +9%, SILK +7%, EMX +5%, CC +5%, CRSP +5%, MAXR +4%, ENVA +4%, MMSI +4%
Gap down: PINS -20%, POLY -9%, DV -9%, ZYXI -9%, RDHL -7%, WATT -7%, AMZN -6%, ZEN -6%, IGMS -5%, TXRH -5%, SWN -5%, UPWK -5%, PEB -5%, SWKS -4%, OPK -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 XOM PG CVX CAT (CNBC)
Covid-19 cases rise to 86,058 from 55,132 while 31,148 hospitalizations from 21,153. Deaths remain low.
Robinhood looks at Door Dash (DASH) and how it is helping restaurants. Amazon (AMZN) falls on tough comps to Q2 due to Covid-12.
Index Moving Averages: 7/26 Close – The Confidence Score moves to 91% from 88%.
President Biden meets with governors to discuss wildfire season at 11:45 a.m. EDT.
Press Briefing at 1:30 p.m. EDT.
President Biden meets with Cuban American leaders on the demonstrations on Cuba at 4:45 p.m. EDT.
President Biden heads to Camp David at 6:00 p.m. EDT.
None of note today.
June Personal Income is due out at 8:30 a.m. EDT and is expected to fall to -0.6% from a drop of -2.0%.
June PCE Prices (Core) is due out at 8:30 a.m. EDT and is expected to rise to 0.6% from 0.5%.
July Chicago PMI is due out at 9:45 a.m. EDT and is expected to fall to 63.8 from 66.1.
University of Michigan Consumer Sentiment (Final) is due out at 10:00 a.m. EDT and is expected to come in at 81 from the earlier 80.8.
Bioventus (BVS) and Misonix (MSON) to merge in a cash and stock deal.
Meetings of Note:
Sellside Conferences: None of note
Company Meetings: CRTX (Webinar) ORAN (Investor Day)
Industry Meetings: Alzheimer’s Association International Conference (7/26-30) BSides Las Vegas (7/30-8/1)
Upgrades & Downgrades: Today recs see 5 upgrades and 3 downgrades.