The Only Story – President Trump and the First Lady have tested positive for Covid-19 and are now quarantined in the residences of the White House.

Covid-19 Update With Latest Data From Thursday 

Total Cases 7,244,316 from 7,198,589

Recovered: 2,860,650 from 2,840,688

Deaths 199,776 from 198,929

New Cases 45,694 from 44,431

Tests 899,458 from 784,478

Deaths 847 from 1,061

Current Hospitalizations 30,742 from 30.876

source COVID tracking project

Capital Raises

IPOs Priced:  Academy Sports + Outdoors (ASO) priced at $13 with range of $15 to $17. Oncorus (ONCR) priced at $15 range was $14 to $16.  C4 Therapeutics (CCCC) priced at $19 with range of $16 to $18. 

Secondaries Priced:  OMI ARQT  of note.

Notes Priced of note: None of note.

Common Stock filings: None of note.

Selling Shareholders of note: 

Mixed Shelf Offerings: WASH of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Earnings After The Close:

Beats:

SGH +0.03 of note.

Misses:

None of note.

Hourly Action – We continue with volatile action. Updated 10/1 close.

News After The Close:

Roblox to go public in early 2021.

AMC Entertainment (AMC) opens 23 more theatres.

Activision Blizzard (ATVI) delays release of World of Warcraft: Shadowlands.

Amazon (AMZN) notes that 19,816 employees have tested positive since pandemic began.

Boeing (BA) wins $300 million Air Force contract.

Index Changes: POOL to S&P 500 NEOG and SSD to S&P 400 and CFFN AGO and RNST to S&P 600

Dividend Increase: OZK LEN GBCI MRO

Dividend Suspended: 

Reinstates Or Initiates Buybacks:

Guides Higher: TWLO NUS

Stock Split:

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

S&P 500 -53  Dow Jones Industrial Average -409 NASDAQ -234  Russell 2000 -19.4. Fair values are mixed.  Asia mixed and Europe higher. VIX December futures are at 32.45 from 29.75this morning. Current VIX is at 26.70 from 25.81.

Gold and silver lower with copper higher. WTI Crude Oil lower and Brent Oil Futures lower. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and lower vs Yen. US 10 year Treasury price is at$139.66 from $139.75 with yields at 0.66% from 0.712%.

Positive Sectors On Thursday: Real Estate, Communication Services and Consumer Cyclical of note.

Negative Sectors On Thursday:  Financials, Energy and Materials of note.

One Month Winners: Real Estate, Consumer Cyclical and Industrials of note.

Three Month Winners: Consumer Cyclicals, Materials and Technology of note.

Six Month Winners: Consumer Cyclical, Technology, Materials and Healthcare of note.

Twelve Month Winners: Technology, Consumer Cyclical and Healthcare of note.

Year to Date: Consumer Cyclical, Technology, Communication Services and Materials of note.

Upcoming Earnings Of (sorted by market cap, highest to lowest)

Today After The Close:  None of note.

Monday Morning: None of note.

Gap Up:

NNOX +24%, NBEV +13%, TWLO +9%, AGO +8%, RNST +7%, NUS +7%, CFFN +6%, PSN +6%, IVZ +4%, TNAV +4% of note.

Gap Down:

ADRO -79%, MESO -35%, CWST -29%, ARQT -7%, OMI -7%, PBR -6%, SGH -5%, NEOG -5%, SSD -5%, NIO -4%, BE -4%, H -4% of note.

Earnings This Morning Of Note

Beat:

None of note.

Missed:

None of note.

Still To Report: 

Erlanger Research Advance/Decline Line Chart –  Updated 10/1.

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. Updated through 10/1 close. The Erlanger Value Line are available in Bloomberg for your review. Simply visit the Bloomberg App store at APP(GO) then find Erlanger Research and setup a trial. The correction cannot end until the EVL Range becomes normal again, i.e. no blue highlighting.

Courtesy of Phil Erlanger Research Inc.

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

Stocks Making The Biggest Moves –WMT UBER SHAK AMZN(CNBC)

Corona Virus Update: President Trump leads list of leaders with Covid. (CNBC)

Democratic Candidate Joe Biden to be tested for Covid-19.

Negative Covid-19 Tests this morning – Vice President Pence, Treasury Secretary Mnuchin

Talks continue on Stimulus Plan between Pelosi and Mnuchin. (The Washington Post)

Mississippi removes mask mandate. (Forbes)

Intel (INTC) wins second phase military chip contract/ (Reuters)

Stock Index Trading

Current through 10/1 close. More improvement on Thursday.

Bold means a change from prior day.

Economic

September Nonfarm Payrolls is due out at 8:30 a.m. EDT and are expected to fall to 800,000 from 1,370,000 and the unemployment rate is expected to drop to 8.2% from 8.4%. Came in at 661,000 with the unemployment rate at 7.9%.

August Factory Orders are due out at 10:00 a.m. EDT and are expected to fall to 1.2% from 6.4%.

Geopolitical & Related

President Trump will be quarantined until further notice.

Investor Events & Conference Calls

SNY (Sellside Call With JP Morgan)

Sellside Conferences: Jefferies Virtual Gene Therapy/Editing Summit (10/1-10/2) JMP Securities MedTech Bio Summit Conference (10/1-10/2).

Industry Conferences: Jeep Grand Cherokee Summit Series 2020 (10/2- 10/18)

M&A

Upgrades & Downgrades For Friday – 10/2