CAPIS Morning Note – 8/13/21: Stocks Up Modestly

Breaking News: Dr. Scott Gottlieb, former FDA Commissioner, said that cases may be peaking in South but waves will continue in the U.S. into November. Hopes school are more defensive. (CNBC) Earnings Out After The Close: Beats: ABNB +0.32, FIGS +0.28, DIS +0.25, SXI +0.09, RSI +0.07, GLOB +0.04, FLO +0.04, VIAV +0.03, AQN +0.02,…

Breaking News: Dr. Scott Gottlieb, former FDA Commissioner, said that cases may be peaking in South but waves will continue in the U.S. into November. Hopes school are more defensive. (CNBC)

Earnings Out After The Close:

Beats: ABNB +0.32, FIGS +0.28, DIS +0.25, SXI +0.09, RSI +0.07, GLOB +0.04, FLO +0.04, VIAV +0.03, AQN +0.02, CRCT +0.01, SEER +0.01, LZ +0.01

Flat: None

Misses: WPM (0.01), RKT (0.02), PVG (0.04), PAGS (0.06), WISH (0.08), DASH (0.11), MAX (0.13), ZIP (0.35), SOFI (0.42)

Capital Raises: 

IPOs Priced or News: 

New SPACs launched: None of note.

Secondaries Priced:  None of note.

Notes Priced of note:  EGO WWW FSR  of note.

Common Stock filings: PPTA RLAY of note.

Selling Shareholders of note: None of note.

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

Mixed Shelf Offerings:  CRMD INDB NKTX RLAY   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:

Airbnb (ABNB) notes that Delta Variant and other variants could impact revenues.

AXT (AXTI) names CEO Morris Young as Chairman immediately.

Boston Scientific (BSX) wins a $270 million Defense Logistics Agency contract.

Kansas City Southern (KSU) rejects offer from Canadian Pacific (CNP).

Assets Under Management (AUM) Reports  include 

After Hours Action + ZIP +13% FUSN +10% RKT +6% CBLI +6%DIS +5% DOMA +5% LZ +4% PAGS +4% VIAV +3% and – WISH -20% XMTR -11% SOFI -10% EAR -10% FIGS -9% TTCF -9% CRCT -9% PPTA -7% ABCL -5% ABNB -5% DASH -4%

Dividend Increases: LEA MLM

Stock Split:

Higher Guidance: ZIP FLO

Mixed Guidance:

Lower Guidance: 

Buyback Announcements: 

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

S&P 500 +2 Dow Jones Industrial Average +56  NASDAQ -12 Russell 2000 -1.  Fair values are mixed. Asia lower and Europe higher. VIX is at 19.27 from 19.82 in futures. VIX closed at $15.59 from $16.06 . Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $133.55 from $133.63 with yields at 1.352% from 1.356% Thursday morning. Bitcoin at $46,412 from $44784 yesterday morning, trading at $1999 or 4.50%.

Thursday’s Action – 8/12 Close.  

Positive Sectors On Thursday:  Healthcare and Technology of note.

Negative Sectors On Thursday: Materials, Consumer Cyclical and Energy 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 Russell 2000, Bonds were lower, U.S. Dollar higher and Commodities lower ex crude oil. Updated 8/12 Close.

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

Today After the Close: POWW of note.

Monday Before the Open: PSFE, ZH of note.

Earnings of Note This Morning:

Beats: ERJ +0.52, DSEY +0.04

Flat: none

Misses: HNST (0.04)

Still to Report: none

Insider Purchases:  

We see moderate short selling with smart short sellers so these names can be considered as potential buys TVTY. Updated 8/13

Erlanger Research Advance/Decline Chart –Updated through 8/11 close. 

Gap Ups & Down In Early Pre-Market:

Gap up: FUSN +10%, ZIP +10%, DOMA +7%, RKT +5%, DIS +5%, PAGS +4%, LZ +4%, ERJ +4%

Gap down: WISH -25%, CRCT -16%, XMTR -13%, SOFI -9%, FIGS -8%, NVVE -7%, TTCF -7%, EAR -6%, PPTA -6%, DASH -5%, NKTX -5%, BODY -5%, RLAY -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 . (CNBC)

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

Covid-19 Data sees 131,917 cases versus 92,282 cases. 62,041 hospitalizations versus 44,865 Deaths 682 versus 500.

9 moderate Democrats in House will not vote for Budget Resolution until $1.2 trillion bipartisan Infrastructure Bill passed by Senate is signed into law. (CNN)

U.S. and U.K. to send troops in Afghanistan to evacuate the embassies. (FT)

San Francisco will ban unvaccinated from restaurants, gyms and clubs. (NYT)

Supreme Court refused to block a vaccine mandate at Indiana University. (NYT)

Boeing (BA) Starliner launch could be delayed. (WSJ)

FDA ammends Pfizer (PFE) and Moderna (MRNA) vaccine to allow for immunocompromised people to get vaccine.

Robinhood Snaps looks at Walt Disney (DIS) strong earnings. Taco Bell part of Yum Brands (YUM) looks to rethink drive thru.

Index Moving Averages: 8/12 Close – The Confidence Score at 97%.  

Geopolitical:

Fed Speakers

None of note but we could see impromptu appearances on media during the day which has been happening of late.

Economic:

August University of Michigan Sentiment is due out at 10:00 a.m. EDT and is expected to rise to 81.60 from 81.20.

M&A Activity:

Meeting & Conferences of Note:

Sellside Conferences: Credit Suisse Annual FinTech Conference (8/11-13) JP Morgan Auto Conference (8/11-13)

Company Meetings:  ERJ (Investor/Analyst Meeting)

Conferences of Note: Health and Information Management Systems 2021 (8/9-13)

Upgrades & Downgrades: Today recs see 5 upgrades and 4 downgrades. 

Thursday Recs