This morning we have limited news headlines.  That will return to normal on Monday.

Corporate Actions

IPOs on deck:  Aesthetic Medical International (AIH),  Cabaletta  Bio (CABA),  Youdao (DAO), Progyny (PGNY), Phantom Pharmaceutical (PHAT), Stable Road Acquistion (SRACU),  TFF Pharmaceuticals (TFFP) of note.

IPOs Filed: None filed after the close.

Secondaries: ACRE BYSI  OPK TXMD of note.

Notes Priced:  None of note.

Common Stock filings: None of note.

Mixed Shelf Offerings filed: None of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

ILMN +0.52, ALGT +0.49, COF +0.40, DECK +0.38, ANIK +0.25, CINF +0.20, EHTH +0.20, INTC +0.18, FIX +0.13, BOOM +0.13, DLX +0.13, SIVB +0.11, ALK +0.11, MHK +0.11, PFPT +0.10, LPLA +0.10, AFL +0.09, FET +0.07, BJRI +0.07, FII +0.07, RMD +0.06, OMCL +0.05, OSIS +0.05, VRSN +0.05, SPSC +0.05, ENVA +0.05, SBCF +0.04, V +0.04, VCRA +0.04, CXP +0.03, POWI +0.03, AUY +0.03, CVA +0.03, FHB +0.03, LOGM +0.03, ASB +0.02, GILD +0.02, MXL +0.02, OIS +0.02, PRO +0.02, BHE +0.02, COG +0.02, JNPR +0.02, AJG +0.01, CLS +0.01, CUBE +0.01, SWN +0.01   of note.

Missed:  

 FSLR (0.82), UHS (0.31), AMZN (0.26), PFG (0.22), DRQ (0.19), VVI (0.16), AVT (0.05), EMN (0.04), NTUS (0.02), WERN (0.02), CSLT (0.02), GCAP (0.01) of note.

Flat:

CERN +0.00, CY +0.00, FLEX +0.00, FTV +0.00, FWRD +0.00, HLI +0.00, KN +0.00, PEB +0.00, TNET +0.00, WRE +0.00.

 of note.

Stock Repurchase: 

Dividend Increase:

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

Gap Higher:  ACRS +20% SENS +12% BOOM 12% RMD +10% ANIK +8% DLX +7% MHK +6% ALGT +6% KREF +6% JNPR +5% iNTC +4%  CVA +4%.

Gap Lower: VCRA -23% BYSI -15% CLS -8% AVT -8% UHS -7%  KN -6% PFPT -6% EMN -6% HUN -6% AMZN -6% MXL -6% HEXO -5% ENVA -5%

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

S&P 500 -6 Dow Jones Industrial Average -17 NASDAQ -47 Russell 2000 -1  Fair values are mixed. Asia mixed and Europe lower.

Gold,silver and copper lower. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $129.92 from $129.83  with yields at 1.78% from 1.761% Prices as of 8:45 a.m. EDT.

Positive Sectors On Thursday: Technology, Services, Consumer Goods, of note.

Negative Sectors On Thursday:  Materials, Energy, Conglomerates, Healthcare of note.

One Month Winners: Utilities, Consumer Goods and Technology.

Three Month Winners: Utilities, Industrials and Consumer Goods.

Six Month Winners: Utilities, Consumer Goods, Technology and Financials.

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

Year to Date: Technology, Industrials, Consumer Goods, Services and Utilities.

Hourly Action This Week:

Updated through Tuesday’s close. Mixed action.

Courtesy of Quantitative Partners, Inc.

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

Today After The Close:  None of note.

Monday Before The Open: WBA CHKP BOH DTE T ARLP of note (sorted by market cap).

Earnings This Morning Of Note

Beat:

PSX +0.63, LEA +0.37, UFS +0.34, VRTS +0.27, B +0.10, ROCK +0.09, KEX +0.08, CHTR +0.05, TILE +0.05, PSXP +0.05, GRC +0.02, VTR +0.02, VZ +0.02, AON +0.02, WETF +0.01   of note.

Missed:

GVA (0.87), ALV (0.11), GBX (0.07), BUD (0.04), VFC (0.04), HUN (0.03), NRZ (0.02), WY (0.02), SBSI (0.01)  of note.

Flat:

None of note.

Still to Report: 

BEN, GT, HTLD, ITW, PFS, SJR, YNDX

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

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

Data Points

Stock indexes remain strong. Current through 10/23.

Bold means a change from prior day.

The advance/decline line model is now a buy. Updated through 10/23. Year to date model up 9. 01% on the S&P 500. 5 buy signals and 4 cash signals in 2019.

YTD 60% (no change week over week) of stocks are higher and 40% are lower. Updated 10/18/19 close with next update on 10/25/19 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 10/23.

Courtesy of Phil Erlanger Research, Inc.

The Value Lines may be accessed via Bloomberg. For a free trial if you ar a Bloomberg user go to APPS CS:ERLA

Economic & Related:

October University of Michigan Consumer Sentiment  Survey  is due out  at 10:00 a.m. EDT and is expected to fall to 95.8 from 96.

The latest NASDAQ and NYSE Short Interest Data is  out through settlement of October 15th and trade date of October 11th. During this collection period, from September 26th, the S&P 500 fell -0.25%.. NYSE fell by  -0.06% and NASDAQ fell by -0.41% .

Geopolitical:

President Trump  heads  to South Carolina to make a speech before the  Second Step  Presidential Justice Forum.

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls:  RMTI (Conference Call)

Sellside Conferences: None of note.

Industry Conferences: American Society for Dermatologic Surgery Annual Meeting (10/24-10/27). The American College of Gastroenterology Annula Meeting (10/25-10/30)

 M&A Activity:

Upgrades & Downgrades: