Breaking News: Senator Joe Manchin (D-WV) has serious concerns about spending another $3.5 Trillion.
Earnings Out After The Close:
Beats: COIN +3.85 LPRO +0.43 UPST +0.37 DAR +0.34 POSH +0.14 FUBO +0.11 U +0.10 MCFE +0.06 of note.
Flat: None of note.
Misses: WW -0.55 PLBY -0.23 FLYW -0.21 PAAS -0.11 SRRK -0.06 GO -0.01 of note.
Capital Raises:
IPOs Priced or News:
New SPACs launched: None of note.
Secondaries Priced: BRSP HCAT of note.
Notes Priced of note: SMG Y NET AVLR of note.
Common Stock filings: FULC of note.
Selling Shareholders of note: GTES KODK of note.
Private Placement of Public Entity (PIPE): None of note.
Mixed Shelf Offerings: MRKR KODK CRNX NYMT of note.
Convertible Offering & Notes Filed: AHCO NOVA 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:
Assets Under Management (AUM) Reports VRTS IVZ APAM BEN
Qiagen (QGEN) and GT Molecular offer a wastewater and workflow solution to detect Covid-19 by U.S. and Canadian labs.
Vail Resorts (MTN) names Kirsten Lynch CEO effective 11/1.
AT&T (T) updates guidance and capex for 2021.
Riot Blockchain (RIOT) produced 444 Bitcoin up from 51 in 2020.
Mesa Air (MESA) reported July block hours up 92.1% year over year for July.
AT&T (T) may sell TMZ to Fox (FOXA). (The Information)
Federal Reserve Chicago President Charles Evans wants more jobs reports before bond taper. (Reuters)
Dividend Increases: PAAS
Stock Split:
Higher Guidance: FUBO UPST FLYW OLO JAMF DOCS SKIN
Mixed Guidance:
Lower Guidance: WW ONTF
Buyback Announcements: W
What’s Happening This Morning: Futures value reflects the change with fair value.
S&P 500 +4 Dow Jones Industrial Average +27 NASDAQ +18 Russell 2000 +1. Fair values are mixed. Asia higher and Europe mixed. VIX is at 18.16 from 18.20 in futures. VIX closed at $16.79 from $16.72 . Gold higher, 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 $133.39 from $133.67 with yields at 1.359% from 1.322% Tuesday morning. Bitcoin at $46015 from $45546 yesterday morning, trading at $525 or +1.16%.
Tuesday’s Action – 8/10 Close.
Positive Sectors On Tuesday: Energy, Materials and Industrials of note.
Negative Sectors On Tuesday: Real Estate, Technology and Healthcare 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 ex NASDAQ indexes, Bonds were lower, U.S. Dollar higher and Commodities higher ex silver. Updated 8/10 Close.

Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)
Wednesday After the Close: CPNG, EBAY, FNV, BEKE, APP, STNE, MQ, BMBL, AZPN, RGLD, CACI, VRM, ENS, AVT, RXT, AMWL, ROOT, HIMS, BLNK, RIDE, DIBS of note.
Thursday Before the Open: BIDU, PLTR, GDRX, MIDD, IQ, OGN, AZEK, MSGS, GRWG, CSIQ, ZNTL, DCBO, UTZ, MDP, SRRK, KELYA of note.
Earnings of Note This Morning:
Beats: SHCR +4.18 WIX +0.13 WEN +0.09 GOOS +0.08 HAE +0.05 VERX +0.03 of note.
Flat: None of note.
Misses: THRY -0.60 PRGO -0.11 BLI -0.04 of note.
Still to Report:
Insider Purchases:
We see moderate short selling with smart short sellers so this should not be considered as potential buys for MCHX CNR. Updated 8/10

Erlanger Research Advance/Decline Chart –Updated through 8/10 close.

Gap Ups & Down In Early Pre-Market:
Gap up: UPST +21%, LPRO +18%, FUBO +11%, BCRX +9%, NVEE +9%, TASK +8%, CRNX +8%, TDUP +7%, SKIN +6%, MRVI +6%, PUBM +6%, JAMF +5%, MCFE +4%.
Gap down: WW -27%, ONTF -17%, EPAY -11%, WIX -8%, POSH -7%, GTES -6%, NARI -5%
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 The Market Opens. (CNBC)
Covid-19 Data sees 92,631 cases versus 78,806 cases. 55,779 hospitalizations versus 40,453. Deaths 449 versus 392.
China Covid-19 outbreak hitting travel and hospitality sectors. (Reuters)
White House calls on OPEC to increase production and FTC to review gas prices. (CNBC)
Senate passes Budget Resolution 50-49 which starts process to confirm $3.5 Trillion Package. Will continue on 9/13 when Congress returns.
Airlines split on mandating vaccines for employees. (CNN)
Shake Shack (SHAK) to increase prices more than normal. (NY Post)
Some Texas hospitals hitting capacity with Covid-19 surge. (WSJ)
Ark Funds Cathie Wood keeps open mind on Chinese stocks. (Bloomberg)
Moderna (MRNA) vaccine might be better at fighting Delta Variant than Pfizer (PFE). Really??? (Reuters)
TSMC (TSM) to begin 3 nanometer chip production for Apple (AAPL) devices. (Digitimes)
Becton Dickinson (BDX) names Christopher DelOrefice as EVP and CFO as of 9/6,
Robinhood Snaps looks at .
Index Moving Averages: 8/10 Close – The Confidence Score at 97%.

Geopolitical:
President Biden receives the daily presidential briefing at 10:00 a.m. EDT.
President Biden holds a meeting with business leaders, university and healthcare leaders on how to get more vaccinated at 11:15 a.m. EDT.
Press Briefing by Jen Psaki at 12:15 p.m. EDT.
The President speaks on Build Back Better at 1:15 p.m. EDT.
President Biden meets with state and city leaders on Infrastructure and Investment and Jobs Act at 3:00 p.m. EDT.
Fed Speakers
Federal Reserve Atlanta President Raphael Bostic speaks at 10:30 a.m. EDT.
Federal Reserve Kansas City President Esther George speaks at 12:00 p.m. EDT.
Economic:
MBA Mortgage Applications were out at 7:00 a.m. EDT and rose 2.8% from a drop last week of -1.7%.
July CPI is due out at 8:30 a.m. EDT and is expected to come in at 0.5% from 0.9% in June.
July ISM Non-Manufacturing Index is due out at 10:00 a.m. EDT and is expected to come in at 60.5% from 60.10%.
Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.
$41 billion of 10 Year Notes are auctioned at 1:00 p.m. EDT.
M&A Activity:
Unity Software (U) to buy Parsec for $320 million in cash.
Truist (TFC) to buy Service Finance Company for $2 billion.
Meeting & Conferences of Note:
Sellside Conferences: Cowen Annual Communications Infrastructure Summit 2021 (8/9-12) Oppenheimer Annual Technology, Internet & Communication Conference (8/9-11) KeyBanc Technology Leadership Virtual Forum (8/9-12) Wedbush PacGrow Healthcare Conference (8/10-11) UBS Genomics 2.0 and MedTech Innovations Summit (8/10-12) Canaccord Genuity Conference (8/10-12) Barclays Select Series: Building and Building Products Conference 2021 (8/10-11) UBS Financial Services Virtual Conference (8/10-11) Wells Fargo Technology Services Forum (8/10-11) Credit Suisse Annual FinTech Conference (8/11-13) Raymond James Aspen Energy Summit (8/11-12) JP Morgan Auto Conference (8/11-13) Goldman Sachs Power Utilities MLPs and Pipeline Conference (8/11) William Blair Annual Insurance Technology Conference (8/11-12)
Company Meetings: NVTA (Presentation)
Conferences of Note: Health and Information Management Systems 2021 (8/9-13) Smarter Faster Payments Conference (8/9-12)
Upgrades & Downgrades: Today recs see 7 upgrades and 2 downgrades.

Tuesday Recs
