Today is 9/11 and the 18th anniversary. Never Forget.

Corporate Actions 

IPO News: Peleton (PTON) amends S-1. Sets price range of $26-29 and 40 million shares.

IPOs on deck: None of note.

IPOs Filed:  None file after the close.

Secondaries on deck:  ATUS CDLX NYMT of note.

Notes Priced:  BZH HLIT WPX of note.

Common Stock filings: BHGE NYMT FFBC TLRY of note.

Mixed Shelf Offerings filed: None of note.  

Convertible Offering Files: HLIT of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close: 

Beat:

 RH +0.50, PLAY +0.05, ZA +0.05 of note.

Missed:

FARM (0.33), GME (0.10) of note.

News After The Close: (In time order after the close)

United Technologies (UTX) wins $310 million Navy contract.

Red Robin Gourmet (RRGB) takeover firm Vintage Capital sends letter on RRGB rejection of deal.

Stock Repurchase: 

Dividend Increase: PMI

Early Morning Gap Up/Down: (>4% or <-4%)

Gap Higher: LXRX +30% TTOO +26% XERS +5%.

Gap Lower: FARM -21% ZS -19% GME -16% PLAY -15% REI -10% BHGE -4%.

What’s Happening This Morning: Futures value reflects the change with fair value. We will still indicate the fair value direction.  

S&P 500 +4 Dow Jones Industrial Average +30 NASDAQ +18 Russell 2000 +7. Fair values are higher except for the Russell 2000.

Gold, silver and copper lower. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $130 from $130.61 with yields a t1.725% from 1.651%. Prices as of 8:45 a.m. EDT.

Positive Sectors On Tuesday: Materials/Energy, Industrials, Conglomerates and Healthcare.

Negative Sectors On Tuesday:  Services and Technology.

One Month Winners: Utilities, Consumer Goods, Services and Technology.

Three Month Winners: Conglomerates,  Consumer Goods, Technology, Services and Utilities.

Six Month Winners: Consumer Goods. Utilities, Conglomerates and Services.

Twelve Month Winners: Utilities, Technology, Consumer Goods and Services.

Year to Date: Conglomerates, Technology, Services, Consumer Goods 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: ACB OXM TLRD of  note.

Thursday Before The Open: KR MCFT DLTH of note.

Earnings This Morning Of Note  

Beat: 

 LOVE +0.20 of note.

Flat:

None of note.

Missed:

None of note.

 Yet to Report: 

Rags & Mags: Highlighted Stories may be clicked through to the original story.

Wall Street Journal Main Headline: Trump Outs Bolton Amid Clashes

Top News Story: Today is 9/11 and observances in New York City, The White House, Pentagon and Pennsylvania. (CNN)

Five Things You Need To Know To Start Your Day. (Bloomberg)

Five Things To Know Before The Market Opens Today. (CNBC)

Stocks making the biggest moves. (CNBC)

Hong Kong Stock Exchange to buy London Stock Exchange. (WSJ)

China lifts some tariffs on U.S. goods, a goodwill jesture. (NYT)

North Carolina House race goes to Republican Dan Bishop. (NYT)

California passed a bill to treat Uber (UBER) and Lyft (LYFT) workers as employees not contract labor. (NYT)

Amazon (AMZN) being probed by FTC. (Bloomberg)

Charles Schwab (SCHW) to cut 3% of staff. (WSJ)

Data Points

Stock indexes are in good shape.

Bold means a change from prior day.

The advance/decline line moved to a buy on the close of 8/29. Updated through 9/10/19 close. Year to date model up 9.30% on the S&P 500. 4 buy signals and 3 cash signals in 2019. Cash has worked in August as we missed the volatility and now we are back to a buy.

Courtesy of Quantitative Partners, Inc.

YTD  61.26% (+1.59% week over week) of stocks are higher and 38.33% are lower. Updated 9/9/19 close with next update on 9/13/19 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:

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

MBA Mortgage Applications for the latest week rose 2.0% after dropping -3.1% a week ago.

August PPI is due out at 8:30 a.m. EDT and is expected to come in at 0.1% from 0.2%. 

Weekly Crude Oil Inventories are due out at 10:30 a.m. EDT.

$24 billion of 10 Year Treasury Note at 1:00 p.m. EDT.

Geopolitical:

President Trump participates in 9/11 observances at White House and Pentagon.

Treasury Secretary Stephen Mnuchin to be interviewed on CNBC this morning.

Conferences & Analyst Meetings:   

Company Analyst Meetings and Conference Calls:  WIZP (conference call)

Sellside Conferences: Barclays Global Financial Services Conference. Morgan Stanley Global Healthcare Conference. RBC Capital Markets Global Industrials Conference. Bank of America Merrill Lynch Global Real Estate Conference.  Morgan Stanley Laguana Conference. Bank of America Merrill Lynch Media, Communications and Entertainment Conference.

Industry Conferences: GDS North America Digital Innovation Insight Summit. Society of Hematological Oncology Annual Conference.

M&A Activity:

Upgrades & Downgrades: