CAPIS Morning Note – 7/7/21: 10 Year Yield Moves Down to 1.29% From 1.44% on Friday
Breaking News: U.A.E. lots of headlines on increasing production to fund clean energy. Yield on the 10 Year Drops to 1.31% from 1.34% and last two trading days from 1.44%. Earnings After The Close: Beats: SGH +0.30 Flat: None Misses: None Capital Raises: IPOs Priced or News: None of note. New SPACs launched: None of…
Breaking News: U.A.E. lots of headlines on increasing production to fund clean energy. Yield on the 10 Year Drops to 1.31% from 1.34% and last two trading days from 1.44%.
Earnings After The Close:
Beats: SGH +0.30
IPOs Priced or News: None of note.
New SPACs launched: None of note.
Secondaries Priced: EFC of note.
Notes Priced of note: NOMD of note.
Common Stock filings: IDYA EFC SKIL LOAN WAVE of note.
Selling Shareholders of note: SKIL of note.
Private Placement of Public Entity (PIPE): None of note.
Mixed Shelf Offerings: SVRA of note.
Convertible Offering & Notes Filed: AAIC AMBC 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:
BJ Restaurants (BJRI) CEO Gregory A. Trojan will retire September 1st.
Builders Firstsource (BLDR) moves to NYSE on July 19th with no symbol change.
Judge on Aon (AON) antitrust trial will not schedule it for this summer.
CBOE Global Markets (CBOE) reports total options volume rose in June 20.1% year over year.
After Hours: + ONCS +22% XBIT +12% IMMR +12% SGH +4% and – IDYA -11% EFC -3%. .
Dividend Increases: XBIT (special $2.50)
Higher Guidance: IMMR
Buyback Announcements: STLD
What’s Happening This Morning: Futures value reflects the change with fair value.
S&P 500 +6 Dow Jones Industrial Average +6 NASDAQ +82 Russell 2000 -5.2. Fair values are mixed. Asia mixed and Europe higher. VIX is at 17.80 from 17.355 in futures. VIX closed at 16.44 from 15.07.
Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $133.38 from $132.78with the yield at 1.34% from 1.424%. Bitcoin is at $34,885 from $34,054 yesterday morning and higher by $915 and +2.69%.
Tuesday’s Action – 7/6 Close.
Positive Sectors On Tuesday: Technology, Real Estate and Utilities.
Negative Sectors On Tuesday: Energy, Materials and Financials 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 mixed, Bonds higher, U.S. Dollar dollar higher and Commodities lower ex gold. Updated 7/6 Close.
Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)
Today After the Close: WDFC of note.
Thursday Before the Open: FIZZ, HELE, DCBO, LAC, THRY of note.
Earnings This Morning Of Note:
Beats: MSM +0.03
Still to Report: none
Insider Purchases: A couple 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 EXLS has dumb short sellers. Several have no history but short selling is elevated in LAZR. Updated 7/7
Erlanger Research Advance/Decline Chart –Updated through 7/6 close.
Gap Ups & Down In Early Pre-Market:
Gap up: ONCS +35%, IMMR +12%, XBIT +7%, DMYQ +6%, SGH +5%, BFRA +4%, ELOX +4%
Gap down: IDYA -7%, EFC -4%, KRA -3%
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 DIDI OXY DVN WHR JPM GS (CNBC)
5 Things To Know Before Markets Open. (CNBC)
Japan looks to add $180 billion of stimulus. (Bloomberg)
Haitai President Jovenel Moise was assassinated at his home. (CNBC)
China to tighten rules on companies that trade outside the motherland. (WSJ)
President Biden encouraged by OPEC + Meeting talks, not sure why but okay. (Bloomberg)
Tropical storm Elsa will hit landfall today in Florida. (Weather Channel)
Discovery (DISCA) CEO David Zaslav expects more mergers in media. (NY Post)
Robinhood looks at recent IPO Didi (DIDI) and how the Chinese shut it down. Torrid (CURV) came public last week and on fire.
Index Moving Averages: 7/2 Close – The Confidence Score moves to 83%.
The President convenes key leaders across the interagency to discuss the Biden-Harris Administration’s overall strategic efforts to counter ransomware, Situation Room, 9:30 a.m. EST
The President departs the White House en route Joint Base Andrews, en route Chicago, Illinois, 10:30 a.m. EST
Press Secretary Jen Psaki will speak aboard Air Force One en route Crystal Lake, Illinois, 11:15 a.m. EST
The President arrives in Crystal Lake, Illinois, 1:35 p.m. EST (12:35 PM Local), McHenry County College, Crystal Lake, IL,
The President tours McHenry County College to see how his Build Back Better agenda will help students and educators, 2:20 p.m. EST (1:20 PM Local)
The President delivers remarks highlighting the benefits that his Build Back Better agenda will deliver for working families across the country, 3:05 p.m. EST (2:05 PM Local)
The President departs Chicago, Illinois en route Joint Base Andrews, 5:20 p.m. EST (4:20 PM Local)
The President returns to the White House, 7:15 p.m. EST
Federal Reserve Atlanta President Raphael Bostic to speak at 3:30 p.m. EDT.
MBA Mortgage Applications are out at fell -1.8% week over week.
FOMC Minutes are due out from the June 16th meeting at 2:00 p.m. EDT.
Weekly Crude Oil Inventories due to the holiday are not due out until tomorrow when they normally are out each Wednesday.
None of note
Meetings of Note:
Sellside Conferences: Citi APAC Materials Day (7/6-8). TD Securities Virtual Energy Conference (7/6-8) UBS China Hong Kong Property Conference (7/6-7)
Company Meetings: AGI (Investor Meeting)
Industry Meetings: 11th Emerging Growth Conference (7/7)
Upgrades & Downgrades: Todays recs see 9 upgrades and 4 downgrades.