August 19, 2019 02:08 PM RSS

The Daily Briefing For August 12th: Futures In The Red

  • Wall Street Rebel | Geoff Garbacz
  • 08/12/2019 9:51 AM
The Daily Briefing For August 12th: Futures In The Red

Corporate Actions 

IPOs on deck: Crossfire Bankshares (CFB) is set to go public this week.

Secondaries on deck: of note.

Notes Priced:  of note.

Common Stock filings: of note.

Mixed Shelf Offerings filed: of note.

Convertible Offering Files:  of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close: 

Beat:

 None of note.

Flat:

None of note.

Missed: 

 None of note.

Still to Report:  

News After The Close:

White House Trade Adviser Peter Navarro spoke after the close on CNBC and U.S. will take strong action if China devalues the Yuan from here.

Jeffrey Epstein was found dead in his cell at the Midtown Correction Center and the Justice Department opened an investigation into his death.

Stock Repurchase:  QUOT HAVT of note.

Dividend Increase: HAVT BMI    of note.

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

U.S. futures: S&P -18  Dow Jones -158, NDX -46  and Russell 2000 -7.79 with fair values lower. Asia mixed and Europe mostly lower, click through for details by country.

Gold and silver higher with Copper lower. WTI Crude Oil 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  $130.03 from $129.98 with yields at 1.691% from 1.70%. Prices as of 8:25 a.m. EDT.

Positive Sectors On Friday: Healthcare.

Negative Sectors On Friday: Materials, Technology and Services.

One Month Winners: Conglomerates.

Three Month Winners: Utilities, Healthcare and Consumer Goods.

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

Twelve Month Winners: Utilities, Technology and Services.

Year to Date: All higher led by Conglomerates, Technology, Services and Industrials.

Hourly Action This  Week:

Updated through Friday close. A mixed week.

Courtesy of Quantitative Partners, Inc.

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

Today After The Close: TME BE VFF of  note.

Tuesday Before The Open: JD ELAN AAP GDS PSN CVET IIVI EAT AVYA RUBY  of note.

Earnings This Morning Of Note  

Beat: 

TSG +0.01  of note.

Flat:  GOLD of note.

Missed:

MDP SYY of note.

 Yet to Report: .

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

Top News Story: Hong Kong shut down its airport as the protests moved to the airport and turned it into chaos. (CNN)

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

The Peoples Bank of China (PBOC) set the Yuan at 7.0211 this morning. (CNBC)

Argentina President Maurico Macri loses primary and stocks in Argentina fall sharply.

Democrats spent the weekend campaigning at the Iowa State Fair. (NYT)

New York City Medical Examiner finished the autopsy on Jeffrey Epstein but needs more information. (CNBC)

Huawei launched its first operating system device an internet connected television. (CNBC)

CBS Corp (CBS) and Viacom (VIAB) could announce merger today as the companies worked over the weekend. (Bloomberg)

Data Points

Some weakness on Friday.

Bold means a change from prior day.

The advance/decline line moved to cash after Monday’s close. Updated through 8/9/19 close. The buy is history as we noted last week it was beginning to fade. Year to date model up 7.48% on the S&P 500. 3 buy signals and 3 cash signals in 2019. The recent buy lost -1.23%. Cash is working.

Courtesy of Quantitative Partners, Inc.

YTD  63% (-3% week over week) of stocks are higher and 37% are lower. Updated 8/9/19 close with next update on 8/16/19 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 Friday 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:

July Treasury Budget is released at 2:00 p.m. EDT and is expected to fall to $-111 billion from $-76.8 billion.

The latest Short Interest Data for NYSE and NASDAQ was released after the close on Friday. It tracked short interest through trade date of July 29th and settlement date of July 31st. During this period, the S&P 500 rose 0.70%. NYSE rose by 0.92% and NASDAQ fell by -0.72%.

Geopolitical:

President Trump will be  on vacation at  Trump National Golf in Bedminster, NJ.

There will be a 10:00 a.m. Press Briefing at The White House with United States Citzenship and Immigration Services Ken Cuccinelli.

Conferences & Analyst Meetings:   

Company Analyst Meetings and Conference Calls:   None of note.

Sellside Conferences: Wells Fargo Technology Services Forum. Santander Brazil Conference. BTIG Biotechnology Conference. Cowen & Co 5th Annual Communications Infrastructure Summit 2019. KeyBanc Capital Markets 21st Annual Technology Leadership Forum.

Industry Conferences: American Association of Diabetes Educators Annual Conference. EnerCom Oil & Gas Conference.

M&A Activity:

Upgrades & Downgrades:

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

Gap Higher: SBGL +5%, HIMX +4%.

Gap Lower:DB -5%.

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