CAPIS Morning Note – 8/27/19 Finally A Quiet Morning, Enjoy!
Corporate Actions IPOs on deck: None of note. IPOs Filed: None of note this morning. Secondaries on deck: COLD of note. Notes Priced: None of note. Common Stock filings: None of note. Mixed Shelf Offerings filed: Convertible Offering Files: None of note. Senior Notes Filed: None of note. Courtesy of IPO Financial Earnings After The Close: Beat: BILI…
IPOs on deck: None of note.
IPOs Filed: None of note this morning.
Secondaries on deck: COLD of note.
Notes Priced: None of note.
Common Stock filings: None of note.
Mixed Shelf Offerings filed:
Convertible Offering Files: None of note.
Senior Notes Filed: None of note.
Earnings After The Close:
BILI +0.08, CAL +0.04, SXI +0.02 of note.
None of note.
News After The Close: (In time order after the close)
Johnson & Johnson (JNJ) loses Opiod trial in Oklahoma with verdict of $572 million. Will appeal.
Trinseo (TSE) to replace WageWorks (WAGE) in the S&P SmallCap 600 as of 8/30.
Stock Repurchase: .
Dividend Increase: PE (first time dividend) of note.
Early Morning Gap Up/Down: (>4% or <-4%)
Gap Higher: SXI +14% CAL +10% TSE +8% RRD +4%.
Gap Lower: None of note.
What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.
U.S. futures: S&P +7 Dow Jones +77 NDX +26 and Russell 2000 +5.25 with fair values lower adding to gains on the open. Asia and Europe mixed, click through for details by country.
Gold, silver and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at $131 from $130.92 with yields at 1.518%. Prices as of 8:05 a.m. EDT.
Positive Sectors On Monday: Consumer Goods, Technology, Services and Financials.
Negative Sectors On Monday: None of note.
One Month Winners: Conglomerates and Utilities.
Three Month Winners: Conglomerates, Consumer Goods, Utilities and Services.
Six Month Winners: Conglomerates,Consumer Goods. Technology and Utilities.
Twelve Month Winners: Utilities, Technology, Conglomerates and Services.
Year to Date: All higher except for Materials led by Conglomerates, Technology, Services and Industrials.
Hourly Action This Week:
Updated through Monday close.
Courtesy of Quantitative Partners, Inc.
Upcoming Earnings Of Note (sorted by market cap, highest to lowest)
Today After The Close: ADSK VEEV HEI HPE PSEC PAHC LCI OOMA of note.
Tuesday Before The Open: TIF COTY NIO DY BITA UXIN MOV CHS DAKT EXPR of note.
Earnings This Morning Of Note
AMWD +0.17, MOMO +0.10, CTLT +0.05, PLAN +0.04, JILL +0.04, BNS +0.03 of note.
Flat: FRO of note.
SJM (0.18), BMO (0.11), LANC (0.09) of note.
Yet to Report:
Rags & Mags: Highlighted Stories may be clicked through to the original story.
Top News Story:
Five Things You Need To Know To Start Your Day (Bloomberg)
Five Things To Know Before The Market Opens Today. (CNBC)
Chinese Foreign Minister says no recent phone calls with the U.S. but wants to get back on track. (Reuters)
Iran refuses direct talks with the U.S. over nuclear program. (Bloomberg)
German Economy Minister says U.S. and EU trade deal will be difficult. (Reuters)
Costco (COST) closes early on first day in China due to overcrowding of store. (FT)
Stocks saw a breakdown on Friday and have not been able to recover, yet.
Bold means a change from prior day.
The advance/decline line moved to cash on the close of 8/5. Updated through 8/26/19 close. Year to date model up 7.48% on the S&P 500. 3 buy signals and 3 cash signals in 2019. The recent buy lost -1.23%. Cash worked and now we were close to a buy again but it faded.
Courtesy of Quantitative Partners, Inc.
YTD 64.5% (+1.5% week over week) of stocks are higher and 35.5% are lower. Updated 8/16/19 close with next update on 8/23/19 close.
Courtesy of Phil Erlanger Research, Inc.
Algo/HFT Trading Levels:
The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Update through Monday’s close.
Courtesy of Phil Erlanger Research
The Value Lines may be accessed via Bloomberg. For a free trial if you are a Bloomberg user go to APPS CS:ERLA
Economic & Related:
S&P Case Schiller Home Price Index is due out at 9:00 a.m. EDT and is expected to rise to 2.7% from 2.4%.
August Consumer Confidence is due out at 10:00 a.m. EDT and is expected to fall to 129.60 from 135.70.
Weekly API Petroleum Data is due out at 4:30 p.m. EDT.
President Trump will
Conferences & Analyst Meetings:
Company Analyst Meetings and Conference Calls: XNET (corporate day)
Sellside Conferences: Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit & Conference. Commerzbank Sector Conference. Seaport Energy and Industrials Conference.
Industry Conferences: Farm Progress Show 2019.
Knoll (KNL) buys Fully for $35 million, deal is accretive in first year.
Heartland Express (HTLD) buys Millis Transfer for $150 million.
Upgrades & Downgrades: