CAPIS Morning Note – 9/3/21: Stocks Higher Into Jobs Data. The Number is 235,000 vs 725,000 Estimates

Breaking News: Monthly Jobs Data rises 235,000 missing estimates Earnings Out After The Close Beats: OXM +0.90, SAIC +0.51, MDB +0.16, COO +0.12, GWRE +0.12, DOCU +0.07, HPE +0.05, AVGO +0.05, OOMA +0.04, PD +0.02, YEXT +0.01 Flat: None Misses: JOAN (0.07), NX (0.02), MDLA (0.01) Capital Raises:  IPOs Priced or News: None of note. New…

Breaking News: Monthly Jobs Data rises 235,000 missing estimates

Earnings Out After The Close

Beats: OXM +0.90, SAIC +0.51, MDB +0.16, COO +0.12, GWRE +0.12, DOCU +0.07, HPE +0.05, AVGO +0.05, OOMA +0.04, PD +0.02, YEXT +0.01

Flat: None

Misses: JOAN (0.07), NX (0.02), MDLA (0.01)

Capital Raises: 

IPOs Priced or News: None of note.

New SPACs launched: Genesis Park Acquisition Corp (GNPK) merges with Redwire and will begin to trade as RDW today.

Secondaries Priced: None of note.

Notes Priced of note:   None of note.

Common Stock filings: SGOC CERT BGRY LQDA  of note.

Selling Shareholders of note: SNX of note.

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

Mixed Shelf Offerings: None of note.

Convertible Offering & Notes Filed:  None of note.

Note Offerings Filed: 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:

NASDAQ (NDAQ) traded 247 million equity options contracts versus 243 million in July and 215 million in 2020.

Redditt looking for bankers to IPO company.

fuboTV (FUBO) gets a mobile gaming license in Arizona.

Eli Lilly (LLY) to get approval for distribution of their antibody therapy for Covid-19. (Bloomberg)

After Hours: + APOP +52% MDB +12% PD +11% OXM +7% OOMA +6%  GWRE +6% and – FBRE -82% YEXT -11% JOAN -10% LAW -6% SGOC -4%

Dividend Increases: CSWC 

Stock Split:

Higher Guidance:  (After the Close) AVGO DOCU  OOMA OXM SAIC  (This Morning)  None of note

Mixed Guidance: (After The Close) COO GWRE MDB PD YEXT  (This Morning) None of note

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

Buyback Announcements: CATY ASH

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

S&P 500 +2 Dow Jones Industrial Average -29 NASDAQ +46  Russell 2000 +5.38.  Fair values are mixed. Asia and Europe mixed. VIX is at 18.20 from 17.99in futures. VIX closed at 16.41 from 16.11 . Gold and silver higher with copper lower. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $133.53 from $133.63  with yields at 1.297% from 1.287% yesterday morning. Bitcoin at $50,691 from $50,117 yesterday morning, trading at $1259 or +2.55%.

Thursday’s Action – 9/2 Close.  

Positive Sectors Yesterday: Energy, Healthcare and Industrials of note.

Negative Sectors  Yesterday: Communication Services, Materials and Consumer Cyclical 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 mostly higher ex NASDAQ 100, Bonds were higher, U.S. Dollar lower and Commodities mixed. Updated 9/2 Close.

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

Today After the Close: None of note.

Tuesday Before the Open: EDU of note.

Earnings of Note This Morning:

Beats: none

Flat: none

Misses: none

Still to Report: none

Insider Purchases:  One name has high short interest with Dumb Short Sellers PCG and one with no history GDRX. Update 9/3/21

Erlanger Research Advance/Decline Chart –Updated through 9/2 close. The Daily A/D Line blew past the mid August high yesterday.

Gap Ups & Down In Early Pre-Market:

Gap up: APOP +54%, PD +14%, MDB +13%, GWRE +8%, OXM +7%, CTLP +5%, SAIC +3%

Gap down: FBRX -81%, JOAN -12%, YEXT -12%, LAW -8%, NX -7%, SGOC -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 DIDI NFLX MDB PD   (CNBC)

5 Things To Know Before The Open. (CNBC)

Overnight Repo comes in at $1.066 trillion in yesterday’s late afternoon report.

Covid-19 Data sees 171,123 cases versus 153,572 cases. 91,590 hospitalizations versus 85,611. Deaths 1,328 versus 1,138.

Senator Joe Manchin (D- WV) again reiterates will not support the $3.5 trillion budget reconciliation bill. (The Hill)

Japanese Prime Minister Suga will not seek another term. Japan up 2% on that news. (WSJ)

WHO list the MU variant of Covid-19 as a variant of interest. (NYT)

Beijing wants to take Didi (DIDI) under state control. (Bloomberg)

Tesla (TSLA) Cybertruck delayed until 2022. (Electrek) (JD) pulls sale of 87 games which is a – for ATVI ERTS NTDOY TTWO.

Robinhood Snaps looks at Facebook (FB) fines. American Eagle (AEOS) falls on strong sales but misses estimates.

Moving Average Update

Score at 100% still. Updated 9/2 Close.


The President receives the President’s Daily Brief, 9:00 a.m. EST

The President delivers remarks on the August jobs report, 10:00 a.m. EST

The President departs the White House en route Joint Base Andrews en route New Orleans, Louisiana, 10:30 a.m. EST

The President receives a briefing from local leaders on the impacts of Hurricane Ida, 2:15 p.m. EST

The President tours a neighborhood in LaPlace, Louisiana and delivers remarks on his Administration’s response to Hurricane Ida, 3:35 p.m. EST

The President inspects the damage from Hurricane Ida by taking an aerial tour of hard hit communities, including Laffite, Grand Isle, Port Fourchon and Lafourche Parish, 4:55 p.m. EST

The President meets with local leaders from impacted communities, 6:00 p.m. EST

The President departs Lafourche Parish, Louisiana en route New Orleans, Louisiana, 6:40 p.m. EST

The President departs New Orleans, Louisiana en route Philadelphia, Pennsylvania, 7:10 p.m. EST

The President arrives in Philadelphia, Pennsylvania, 9:35 p.m. EST

The President departs Philadelphia, Pennsylvania en route Wilmington, Delaware, 9:55 p.m. EST

The President arrives in Wilmington, Delaware, 10:10 p.m. EST

Fed Speakers 


August Nonfarm Payrolls are due out at 8:30 a.m. EDT and expected to fall to 750,00 from 943,000. The unemployment rate is expected to fall to 5.2% from 5.4%.

August ISM Non-Manufacturing Index is due out at 10:00 a.m. EDT and is expected to fall to 62% from 64%.

M&A Activity:

Meeting & Conferences of Note:

Sellside Conferences:  Citi Korea Corporate Day (9/1-3) Morgan Stanley Asian TMT Conference (9/1-3) Deutsche Bank dbAccess European TMTConference (9/2-3) UBS China Telco, Media & Internet Conference (9/2-3)

Company Meetings:  None of note

Conferences of Note: None of note.

Upgrades & Downgrades: Today recs see 5 notable upgrades and 1 downgrade. 

Thursday Recommendations Of Note