CAPIS Morning Note -9/10/21: Stocks Higher Into PPI Data, Will It Hold?

Overnight Summary- Breaking News – Earnings Out After The Close Beats: PLAY +0.48, ZUMZ +0.23, VRNT +0.16, COOK +0.11, AOUT +0.08, ZS +0.05, SUMO +0.03 Flat: None Misses: AFRM (0.24) Capital Raises:  IPOs Priced or News:  New SPACs launched:  Secondaries Priced: AGL  FTAI IMPL MCFE OCDX STT VICI WSC of note. Notes Priced of note:  BLL…

Overnight Summary-

Breaking News –

Earnings Out After The Close

Beats: PLAY +0.48, ZUMZ +0.23, VRNT +0.16, COOK +0.11, AOUT +0.08, ZS +0.05, SUMO +0.03

Flat: None

Misses: AFRM (0.24)

Capital Raises: 

IPOs Priced or News: 

New SPACs launched: 

Secondaries Priced: AGL  FTAI IMPL MCFE OCDX STT VICI WSC of note.

Notes Priced of note:  BLL of note.

Common Stock filings: BXMT COOK of note.

Selling Shareholders of note:  DXLG BILL CLVT of note.

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

Mixed Shelf Offerings:  HQY LMFA  of note.

Convertible Offering & Notes Filed: WMC 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:

Key Story Afterhours: President Biden to instruct the Department of Labor to require employers with +100 workers to ensure workforce is fully vaccinated or show negative test once a week.

Cedar Realty Trust (CDR) explores a possible sale.

Altice USA (ATUS) COO Hakim Boubazine resigns.

Apellis Pharmaceuticals (APLS) reports Phase 3 DERBY and OAKS studies.

Investment Managers begin to report Assets Under Management (AUM) – CNS

Associated  Banc Corp (ASB) announces new strategic plans to accelerate business.

Appellis Pharmaceutical (APLS) falls on  bad clinical data.

After Hours + ISEE +46% TTOO +26%  AFRM  +20% SANW +13% CDR +9%  AMRK +9% PLAY +7% CORT +7% FIZZ +6%  and – APLS -31%  COOK -10% AOUT -7% SUMO -5% ZUMZ -4%

Dividend Increases: 

Stock Split: 

Higher Guidance:  (After the Close) SUMO COOK CXM of note (This Morning) TNL KR of note

Mixed Guidance:(After The Close)  of note  (This Morning) None of note

Lower Guidance:(After The Close) None of note (This Morning) of note

Buyback Announcements: HELE AVID 

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

S&P 500 +20 Dow Jones Industrial Average +176  NASDAQ +66  Russell 2000 +20 .  Fair values are mixed. Asia higher and Europe higher. VIX is at 21.05 from 21.43 in futures  from yesterday. Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $133.27 from $133.34 from $133.14 with yields at 1.322% from  1.339% yesterday morning. Bitcoin at $46,464 from  $46,360  yesterday morning, trading at $-147 or -0.32%.

Thursday’s Action – 9/9 Close.  

Positive Sectors Thursday: Financials and Materials of note.

Negative Sectors  Thursday: Real Estate, Consumer Defensive and Healthcare of note.

One Month Winners: Communication Services, Technology and Financials of note.

Three Month Winners: Technology, Communication Services and Healthcare of note.

Six Month Winners: Communication Services, Technology and Real Estate of note.

Twelve Month Winners: Communication Services, Financials, Industrials  and Energy of note.

Year to Date: Energy, Communication Services, Energy, Financials, Real Estate and Technology of note.

Stocks were lower, Bonds were higher, U.S. Dollar lower and Commodities higher ex Crude Oil. Updated 9/9 Close.

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

Today After the Close: None of note.

Monday Before the Open: None of note.

Earnings of Note This Morning:

Beats: None

Flat: None

Misses: None

Still to Report: KR

Insider Purchases:  One name has high short interest with Dumb Short Sellers KOD and several with no history CRCT GNLN but high short intensity. Update 9/9/21

Erlanger Research Advance/Decline Chart –Updated through 9/9 close. The Daily A/D Line struggled for a third day and is back below its August high.

Gap Ups & Down In Early Pre-Market:

Gap up: ISEE +41%, AFRM +24%, TTOO +24%, SANW +14%, ENDP +14%, CDR +8%, PLAY +8%, AMRK +8%, FIZZ +5%, CBIO +4%, CORT +4%, ZS +4%, DXLG +4%, GOED +4%, OVV +3%

Gap down: APLS -31%, IMPL -16%, SUMO -13%, COOK -10%, AOUT -5%, ZUMZ -5%, BXMT -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 AFRM TM ENDP BHC WFC TTWO   (CNBC)

Overnight Repo comes in at $1.07 trillion in yesterday’s late afternoon report.

Covid-19 Data sees 184,008 cases. Deaths 2,202. Through 9/8.

President Biden and President Xi held a second conversation late yesterday. (CNBC)

Apple (AAPL) to start mass production of Apple Watch. (MacRumors)

Tesla (TSLA) talking down the better than expected quarter. (Electrek)

Robinhood Snaps looks at Facebook (FB) and its move into smart glasses. Verizon (VZ) announces at 10 year 5G partnership in stadiums.

Moving Average Update

Score at 50% from  77%. Updated 9/9 Close.


Fed Speakers 

Federal Reserve Cleveland President Loretta Mester speaks at 9:00 a.m. EDT.


August PPI is due out at 8:30 a.m. EDT and expected to fall to 0.6% from 1.0%.

Baker Hughes Rig Count due out at 1:00 p.m. EDT.

The latest NYSE and NASDAQ Short Interest Data is due out after the close of trading and runs from August 11th through August 27th. During this period, the S&P 500 rose 1.39%.

M&A Activity:

Vista Outdoor (VSTO) to buy Foresight Sports for $474 million.

Meeting & Conferences of Note:

Sellside Conferences:Barclays CEO Energy Power Conference (9/8-10) Barclays Global Consumer Staples Conference (9/8-10) Credit Suisse Annual LatAmEquities Conference (9/8-10) Cowen Global Transportation & Sustainability Conference (9/8-10) Credit Suisse Global Steel And Mining Conference (9/8-10) Citi Annual BioPharma Conference (9/8-10)   Jefferies Asia Forum (9/8-10) Wolfe Research TMT Conference (9/8-9) Wells Fargo Healthcare Conference (9/9-10) Goldman Sachs Retail Conference  (9/9-10) Morgan Stanley Industrials Conference (9/9-10) Piper Sandler Technology Conference (9/9-14) Morgan Stanley Healthcare Conference (9/9-16) Deutsche Bank Global dbAccess Technology Conference (9/9-10) JMP Fintech Forum (9/10) Morgan Stanley Annual Laguna Conference (9/10-15) Gabelli Annual Aerospace & Defense Symposium (9/9-10)

Company Meetings:  TECH ATR TNL ALB (Investor Meetings)  SMRT MRSN (Conference Call)  

Conferences of Note: PAINWEEK Conference (9/7-11) Precious Metals Summit (9/8-11) American Urological Association Meeting (9/10-13)

Upgrades & Downgrades: Today recs see 2 notable upgrades and 2 downgrades. 

Thursday Recommendations Of Note