IPOs Filed: None of note.

Secondaries Priced:  ARE of note.

Notes Priced of note: None of note.

Common Stock filings: RVMD ARE  PING XIN TUFN  of note.

Mixed Shelf Offerings:  AGLE TUFN of note.

Convertible Offering Files:  PCRX of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:  

None of note.

Misses: 

None of note.

Hourly Action This Past Week: Updated 7/6 Close

News After The Close (In Order)

Great Lakes Dredge & Dock (GLDD) wins several contract bids for $51.1 million.

Pacira Pharmaceuticals (PCRX) reports preliminary Q2 revenue well above consensus.

Parsons (PSN) wins $178 million contract from the U.S. Intelligence Community.

Arcos Dorados (ARCO) to provide stock dividend instead of cash dividend payments.

Retail Properties of America (RPAI) sees June Rent Collection at 64.7%.

Raytheon Technologie (RTX) wins $6 billion contract from the Defense Logistics Agency.

Raises Guidance: QDEL PING AVTR 

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction. Futures were down, up, down, new low and now rebounding.

S&P 500 -19  Dow Jones Industrial Average -215 NASDAQ -20  Russell 2000 -7.48. Fair values are lower.  Asia mixed  and Europe lower. $VIX is higher at 29.85.

Gold, silver  and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $139.06 from $138.98  with yields at 0.676%.

Positive Sectors On Monday: Consumer Cyclical, Communications and Financials of note.

Negative Sectors On Monday: Utilities of note.

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

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

Six Month Winners:  Technology and Consumer Cyclical of note.

Twelve Month Winners: Technology, Healthcare, Consumer Cyclical and Communication Services of note.

Year to Date: Technology, Consumer Cyclical, Healthcare and Communication Services of note.

Gap Up: NVAX +40%, OTIC +16%, ENDP +16%, VSLR +15%, GLDD +10%, RUN +8%, B +7%

Gap Down: EOLS -38%, CLLS -15%, CLXT -11%,

Upcoming Earnings Of Note (sorted by market cap, highest to lowest)

Today After The Close: SGH LEVI of note.

Wednesday Before The Open: SMPL of note.

Earnings This Morning Of Note

Beat:

None of note.

Missed:

None of note.

Still to Report: PAYX.

Rags & Mags: Highlighted Stories may be clicked through to the original story.

5 Things To Know To Start Your Day. (Bloomberg)

5 Things To Know Before The Market Opens. (CNBC)

Stocks making the biggest moves. (CNBC)

Coronavirus Update: Australia closed interstate borders while California asks indoor businesses to close. (CNBC)

U.S. Coronavirus Map.

Secretary of State Pompeo states that TikTok AND other Chinese social apps may be banned in the U.S. (CNBC)

Facebook (FB), Google (GOOGL) and Twitter (TWTR) will no longer give data to authorities in Hong Kong. (WSJ)

Melbourne to lock down for six weeks. ( NYT)

Florida to reopen schools in the fall. (The Washington Post)

Novavax (NVAX) to receive $1.6 billion for development of Covd-19 vaccine from the U.S. government and Operation War Speed. (NYT)

Regeneron (REGN) to receive $450 million for development of Covd-19 vaccine from the U.S. government and Operation War Speed. (CNBC)

Palantir files to go public. (CNBC)

Stock Index Tracking

Current through 7/6 close.

Bold means a change from prior day.

Algo/HFT Trading Levels:

The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Updated through 7/6 close. EVL Ranges  continues to expand again with the recent action. The Erlanger Value Line are available in Bloomberg for your review. Simply visit the Bloomberg App  store at APP(GO).

Courtesy of Phil Erlanger Research, Inc.

Economic

3 Year Treasury Note Auction at 1:00 p.m. EDT.

Weekly API Petroleum Institute data is due out after the close at 4:30 p.m. EDT.

Geopolitical & Related

President Trump will lunch with the Vice President, then receive his intelligence briefing at 2:00 p.m. EDT and finally at 3:00 p.m. participate in the National Dialogue on Safely Reopening America’s Schools.

The Reserve Bank of Australia announces its latest monetary policy decision on Tuesday night.

Meetings, Calls & Conferences

JWN TWIN ABG CEMI  (Conference Call)

Sellside Conferences: TD Securities Energy Conference (7/7-7/8)

Industry Conferences: International AIDS Conference (7/6-7/10)

M&A

Sunrun (RUN) to buy Vivint Solar (VSLR) in all stock dea

Upgrades & Downgrades

Updated Through 8:55 a.m. EDT.