IPOs Priced or News:
New SPACs launched: None of note.
Secondaries Priced: None of note.
Notes Priced of note: None of note.
Common Stock filings: HYZN of note.
Selling Shareholders of note: RIDE BTCM BTBT SUNL HYZN of note.
Private Placement of Public Entity (PIPE): None of note.
Mixed Shelf Offerings: PROG IVZ SLM GBLI AMTX SLCA BTCMDRRX 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:
Hudson Technologies (HDSN) wins $250 million Defense Logistics Agency contract.
Both TAL and EDU cancelled earnings releases for 8/5 and 8/3 respectively. Both stocks are caught up in China financial lockdown.
Congress allows eviction ban to expire. (CNBC)
Barron’s is + on ATCX ASML FSR PFE and +/- on AAPL GOOG FB MSFT AMZN.
Dividend Increases: SMG CLR SWI (One Time $1.50) LPG
What’s Happening This Morning: Futures value reflects the change with fair value.
S&P 500 +21 Dow Jones Industrial Average +124 NASDAQ +77 Russell 2000 +15. Fair values are mixed. Asia and Europe higher. VIX is at 19.92 from 20.05 in futures. VIX closed at $18.24 from $17.70. Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $134.59 from $134.47 with yields at 1.23% from 1.242% on Friday. Bitcoin at $39589 from $38781 on Friday but down this morning from the weekend trading at $-1710 or -4.12%.
Friday’s Action – 7/30 Close.
Positive Sectors On Friday: Technology and Real Estate of note.
Negative Sectors On Friday: Consumer Cyclical, Energy and Materials 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 lower, Bonds were higher, U.S. Dollar higher and Commodities lower. Updated 7/30 Close.
Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)
Monday After the Close: NXPI, SPG, SBAC, PXD, WMB, AWK, ANET, O, ZI, TTWO, EMN, FANG, SEDG, CLR of note.
Tuesday Before the Open: BABA, LLY, FIS, BP, COP, ETN, KKR, MAR, CMI, ZBH, AME, PSX, PEG, WLTW, WEC, ZBRA of note.
Earnings of Note This Morning:
Beats: SQ +0.35 ARCB +0.33 GPN +0.14 CNA +0.13 RACE +0.10 TSEM +0.01
Misses: TKR -0.07 JELD -0.02
Still to Report: GPRE ON
Insider Purchases: None of note today.
Below is the list of insider buys from this morning and is sorted by Erlanger Short Intensity. The idea here is simple. Find stocks where insiders are buying and the shorts are “dumb short sellers”. NCBS has heavy short selling at 100% with dumb short sellers so this should be considered as a potential buy. Updated last 8/2
Erlanger Research Advance/Decline Chart –Updated through 7/30 close.
Gap Ups & Down In Early Pre-Market:
Gap up: XCUR +43%, BPTS +18%, PROG +7%, LPG +7%, XPEV +4%, LI +4%, EDU +3%
Gap down: AMTX -6%, SQ -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 SQ MRNA PFE BNTX FSLR ZM GE (CNBC)
5 Things To Know Before Monday’s open. (CNBC)
Covid-19 cases rise to 101,171 from 64,317 while 35,457 hospitalizations from 24,252. Deaths remain low.
White House frustrated by “alarmist” Delta variant news as breakthrough cases are “rare”. (CNN)
Breakthrough cases reported since January are 125,682 which is 0.8% of vaccinations BUT does not reflect recent Delta variant breakthrough cases. (NBC News)
NIH Director Dr. Fauci says no lockdowns again but Delta surge to get worse before better. (ABC News)
Pfizer (PFE) and Moderna (MRNA) to raise prices of Covid-19 vaccines by 25%. (FT)
Senate releases full body of $1 trillion infrastructure plan. Vote expected on Thursday.
300,000 Robinhood (HOOD) users bought shares in the stock which is 1.3% of user base.
Robinhood Snaps looks at rising stock prices and wallets, inequality continues to rise.
Index Moving Averages: 7/26 Close – The Confidence Score moves to 91% from 88%.
Australian Central Bank out with its latest interest rate decision at 9:00 p.m. EDT.
None of note today.
July ISM Manufacturing Index is due out at 10:00 a.m. EDT and is expected to rise to 60.70% from 60.60%.
July Construction Spending is due out at 10:00 a.m. EDT and is expected to rise to 0.5% from -0.3%.
Foot Locker (FL) to buy WSS for $750 million and Atmos for $360 million.
Square (SQ) to buy Afterpay for $29 billion.
Meeting & Conferences of Note:
Sellside Conferences: Credit Suisse Disruptive Business Conference (8/2-6)
Company Meetings: CMPR (Investor Day) F (Fireside Chat) AZN SMMNY (Roadshow)
Upgrades & Downgrades: Today recs see 6 upgrades and 1 downgrade.