IPOs Priced or News:
New SPACs launched: None of note.
Secondaries Priced: None of note.
Notes Priced of note: RILY of note.
Common Stock filings: AQB BIVI DMRC HLNE HR OCGN RAMP of note.
Selling Shareholders of note: None of note.
Private Placement of Public Entity (PIPE): None of note.
Mixed Shelf Offerings: AFIN DRH EYPT GDEN LXRX NYMT WMG 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:
President Biden extends Student Loan payment freeze until January.
Kratos Defense (KTOS) wins $340 million Air Force contract.
Crowdstrike (CRWD) Chief Accounting Officer to resign on September 20th.
Barron’s is + on HPP BXP ROST WW SBUX RUTH MSFT CSCO RDSA ATCX J MEG PSN TTEK SPB LYB CARR LII TT JCI.
What’s Happening This Morning: Futures value reflects the change with fair value.
S&P 500 -8 Dow Jones Industrial Average -111 NASDAQ +12 Russell 2000 -10 Fair values are mixed. Asia higher and Europe lower. VIX is at 18.88 from 19.15 in futures. VIX closed at $16.15 from $17.28. Gold, silver and 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 $134.11 from $134.23 with yields at 1.278% from 1.27% Friday morning. Bitcoin at $45721 from $40831 Friday morning, trading at $2081 or +4.87%.
Friday’s Action – 8/6 Close.
Positive Sectors On Friday: Financial, Energy and Industrials of note.
Negative Sectors On Friday: Consumer Cyclicals, Healthcare and Technology 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 the NASDAQ indexes, Bonds were lower, U.S. Dollar higher and Commodities lower. Updated 8/6 Close.
Upcoming Earnings Of: (sorted by market cap, highest to lowest with most visible names)
Monday After the Close: NTR, STE, CHGG, CABO, CF, PEN, ACM, WES, PLNT, APPS, ELY, HALO, EVBG, COMP, RETA, SAIL, QLYS, DDD, ATCO, TPTX, CBT, NHI, DOOR of note.
Tuesday Before the Open: SYY, TDG, ARMK, IIVI, KRNT, NOVT, EDU, VSH, DFH, IMOS, DOYU, CSPR of note.
Earnings of Note This Morning:
Beats: BNTX +3.22 TSN +1.03 SGMS +1.02 SWAV +0.39 USFD +0.23 DISH +0.21 RDNT +0.13 CEVA +0.10
Flat: None of note.
Misses: BHVN -0.38 BLUE -0.32 BALY -0.10 APD -0.10 ITCI -0.06 EPZM -0.02
Still to Report:
We see moderate short selling with smart short sellers so this should not be considered as potential buys for DPW BHE CNR. Updated 8/9
Erlanger Research Advance/Decline Chart –Updated through 8/6 close.
Gap Ups & Down In Early Pre-Market:
Gap up: SIC +29%, FTFT +25%, EPZM +14%, SAFM +11%, ANAT +8%, QFIN +6%, BNTX +5%, VTRS +4%, KTOS +4%
Gap down: BIVI -34%, AXSM -32%, ETON -16%, ELAN -5%, BLUE -5%, ZI -4%, VNE -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 SAFM TSN USFD (CNBC)
5 Things to Know Before The Market Open. (CNBC)
Covid-19 Data sees 103,455 cases versus 80,701 cases. 42,938 hospitalizations versus 29,383. Deaths 614 versus 421.
Senate $1 Trillion Infrastructure Bill set to pass late Monday or Tuesday. (Bloomberg)
House Speaker Pelosi will not bring above bill unless $3.5 Trillion Budget Reconciliation passes first. (The Hill)
China sees Covid-19 cases are expanding. (Reuters)
Amazon (AMZN) warehouse workers begin to wear masks again today. (Bloomberg)
Exact Sciences (EXAS) in discussions to merge with Invitae (NVTA).
NIH Director Dr. Fauci expects to see more vaccine mandates once vaccine get full FDA approval.
Robinhood Snaps looks at Crypto and potential regulation.
Index Moving Averages: 8/4 Close – The Confidence Score moves to 57% from 63%.
President Biden receives the daily presidential briefing at 10:00 a.m. EDT.
The President is chilling in Wilmington, Delaware today.
None of note.
Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as NFIB Small Business Optimism, CPI, PPI and University of Michigan Consumer Sentiment.
Cargill and Continental Grain to buy Sanderson Farms (SAFM) for $230.
Draft Kings (DKNG) buys Golden Nugget Gaming for $1.56 billion.
Meeting & Conferences of Note:
Sellside Conferences: Needham Industrial Technologies 1X1 Conference (8/6-9) BTIG Virtual Biotechnology Conference (8/9-10) 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) Guggenheim MedTech Disruptors Summit (8/9-10)
Company Meetings: HCM (Investor Meeting)
Conferences of Note: Health and Information Management Systems 2021 (8/9-13) Smarter Faster Payments Conference (8/9-12)
Upgrades & Downgrades: Today recs see 8 upgrades and 3 downgrades.