CAPIS Morning Note – 8/17/21:Stocks Lower For A Second Day In Futures, Bonds Yields Fall Back to 1.22% on 10 Year. Powell To Speak At 1:30 P.M. EDT

Crazy Fact: S&P 500 doubles from the Pandemic low. Fastest doubling since World War II. (CNBC) Earnings Out After The Close: Beats: FN +0.09, TME +0.06 Flat: None Misses: RBLX (0.49), GAN (0.06) Capital Raises:  IPOs Priced or News:  New SPACs launched: RMG Acquisition Corporation II (RMGB) to combine with ReNew Power to close August…

Crazy Fact: S&P 500 doubles from the Pandemic low. Fastest doubling since World War II. (CNBC)

Earnings Out After The Close:

Beats: FN +0.09, TME +0.06

Flat: None

Misses: RBLX (0.49), GAN (0.06)

Capital Raises: 

IPOs Priced or News: 

New SPACs launched: RMG Acquisition Corporation II (RMGB) to combine with ReNew Power to close August 23rd.

Secondaries Priced:  None of note.

Notes Priced of note:  None of note.

Common Stock filings:  HPK CLVS  of note.

Selling Shareholders of note: CLVR of note.

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

Mixed Shelf Offerings: SLDB ANNX NPTN of note.

Convertible Offering & Notes Filed: UPST OPEN 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:

President Biden concludes his speech on Afghanistan leaving more questions than answers.

More 13F filings out including Appaloosa, Berkshire Hathaway, Corvex, Glenview Capital, Elliott Mgmt and Pershing Square.

Federal government to ration water in the Colorado River for the first time ever due to the drought. (CNBC)

Orion Engineered Carbons (OEC) announces price increase for Carbon Black in North America.

After Hours +DNMR +15% FBRX +15% HIPO +7%  ANDE +6% POWW +5% and – SMFR -16% FUV -13% HPK -12% ZEV -12% GAN -8% RBLX -5% OPEN -4%

Dividend Increases: FL 

Stock Split:

Higher Guidance: FN WMT 

Mixed Guidance:

Lower Guidance: SAVE 

Buyback Announcements:

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

S&P 500 -20 Dow Jones Industrial Average -198  NASDAQ -60 Russell 2000 -23.  Fair values are mixed. Asia lower and Europe mixed. VIX is at 20.15 from 20.05 in futures. VIX closed at $16.12 from $15.45 . Gold and silver higher with 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 $134.55 from $134.14  with yields at 1.227% from 1.28% yesterday morning. Bitcoin at $46835 from  $47,504 yesterday morning, trading at $545 or 1.09%.

Monday’s Action – 8/16 Close.  

Positive Sectors On Monday:  Utilities, Healthcare and Consumer Defensive of note.

Negative Sectors On Monday: Energy, Materials and Consumer Cyclical 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 higher, U.S. Dollar higher and Commodities higher ex natural gas. Updated 8/16 Close.

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

Today After the Close: A, GRUB, JKHY, CREE, CDK, LZB of note.

Wednesday Before the Open: LOW, TGT, TJX, ADI, VIPS, EAT, OSIS, PLCE, SFL of note.

Earnings of Note This Morning:

Beats: MNDY +0.74, AIT +0.34, WMT +0.21, HUYA +0.11, HD +0.10, PINC +0.01

Flat: None

Misses: GDS (0.89), SE (0.12)

Still to Report: None

Insider Purchases:  

We see  several names with heavy and moderate short selling with dumb short sellers so these highlighted names can be considered as potential buys, BMTX TRNS. Updated 8/17

Erlanger Research Advance/Decline Chart –Updated through 8/16 close. 

Gap Ups & Down In Early Pre-Market:

Gap up: FBRX +14%, DNMR +11%, TLSA +7%, ANDE +6%, HIPO +6%, POWW +5%, FN +5%, AIT +5%, NRXP +5%, SE +4%

Gap down: SMFR -14%, ZEV -14%, FUV -14%, HPK -13%, MVST -8%, GAN -8%, RBLX -7%, BHP -6%, HD -4%, UPST -4%, OPEN -4%, HUYA -4%, SLDB -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 HD WMT RBLX. (CNBC)

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

Covid-19 Data sees 140,144  cases versus 124,928 cases. 66,428 hospitalizations versus 50,502.  Deaths 804 versus 630. We do not report Tuesday results as most states do not report over weekend)

5 states set new records for Covid-19 cases. (CNBC)

White House proposes booster shots eight months after first Covid-19 vaccine. (CNBC)

Scientists say Covid-19 will become endemic and never completely go away. (NYT)

Oil drilling to continue on federal lands as Biden Administration appeals court ruling. (Bloomberg)

Tropical storm Fred makes landfall in Florida. (CNN)

General Motors (GM) to replace some battery devices in Bolt electric vehicles due to fire risk. (Reuters)

Blackrock (BLK) recommends increasing exposure to China  markets, hint maybe because their Chinese ETFs are struggling. (FT)

Microvast (MVST) to delay 10-Q by up to 5 calendar days.

Index Moving Averages: 8/13 Close – The Confidence Score at 83% from 90%.  


The President receives the President’s Daily Brief [Note: Time not specified], Camp David

Press Briefing by Press Secretary Jen Psaki and National Security Advisor Jake Sullivan, James S. Brady Press Briefing Room, 1:30 p.m. EST

Fed Speakers

Federal Reserve Chairman Powell speaks at 1:30 p.m. EDT in a town forum.

Federal Reserve Minneapolis President Neel Kashkari speaks at 3:45 p.m. EDT.


July Retail Sales are due out at 8:30 a.m. EDT and is expected to come in at -0.2% from 0.6% in June.

July Industrial Production is due out at 9:15 a.m. EDT and is expected to rise to 0.5% from -0.4% in June.

API Petroleum Institute Data is due out at 4:30 p.m. EDT.

M&A Activity:

Meeting & Conferences of Note:

Sellside Conferences: Credit Suisse Taiwan Non-Tech Day (8/16-18) JP Morgan Brazil Consumer and Healthcare Checkup 2021 (8/16-20) Deutsche Bank Virtual Transportation Conference (8/17-18) D.A. Davidson West Coast Bank Tour (8/17-18).

Company Meetings:  QUOT NATI  (Investor/Analyst Meeting)  ANDE MBAC (Conference Call) 

Conferences of Note: Q3 Virtual Investor Summit (8/17-18)

Upgrades & Downgrades: Today recs see 4 upgrades and 3 downgrades. 

Monday Recs