The Daily Briefing For April 28th: Futures Mixed As FOMC Latest & Biden To Speak

by Geoff Garbacz | 04/28/2021 8:45 AM

Rebel Yell Morning Market Report

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The Daily Briefing For April 28th: Futures Mixed As FOMC Latest & Biden To Speak

Earnings Of Note After The Close:

Beats: GOOG +10.65, COF +3.26, NAVI +0.88, TX +0.71, MATX +0.70, ILMN +0.64, PFG +0.53, BYD +0.52, CHE +0.42, WSBC +0.38, CSGP +0.35, OLN +0.33, CHRW +0.29, TXN +0.28, EHC +0.23, CALX +0.20, TRMK +0.20, RNST +0.19, MSFT +0.18, ENPH +0.12, V +0.12, MANH +0.11, FFIV +0.11, IEX +0.10, OKE +0.10, SBUX +0.10, AMD +0.08, YUMC +0.08, ACCO +0.08, MXIM +0.08, MDLZ +0.07, TENB +0.07, EGP +0.06, TER +0.06, FTI +0.06, ATRC +0.05, JNPR +0.05, APAM +0.05, HIW +0.04, NCR +0.04, PINS +0.04, HOPE +0.04, PPD +0.04, QTS +0.03, MRC +0.03, FEYE +0.02, RXN +0.02, ESS +0.01

Flat:  BXP +0.00, EQR +0.00, LBRT +0.00, ROIC +0.00

Misses: CB (0.36), AMGN (0.36), UDR (0.15), HA (0.14), USNA (0.13), ACGL (0.12), NOV (0.10), RRD (0.07), SYK (0.05), CRSP (0.03), EIX (0.01), FCPT (0.01)

Capital Raises:

IPOs Priced or News: FTC Solar (FTCI) priced at $13 a share well below the range of $18 to $20.

New SPACs launched:

Secondaries Priced:  None of note.

Notes Priced of note: SNAP of note.

Common Stock filings: ALDX AMC BNTC CMPS VVOS 0f note.

Selling Shareholders of note:  None of note.

Private Placement of Public Entity (PIPE):

Mixed Shelf Offerings: of note.

Convertible Offering & Notes Filed: SAVE WBT of note.

Note Offerings Filed: None 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:

Finance of America (FOA) to buy certain assets of Parkside Lending for about $40 million.

Oceaneering International (OII) wins a $135 million contract for manufactured product segment.

Index Changes: Genpact (G) to join  S&P 400 Midcap Index  and Genworth (GNW) to join S&P 600 prior to open on 5/3.

After hour movers of note: 5% GOOGL, AMD +4% and lower PINS -10%, ENPH -7%, FFIV -5%, AMGN -4%, MSFT -3%.

Dividend Raises: MET PFG AIMC PCAR 

Split Announcement:

Raises Guidance: ATRC TXN SBUX ILMN FEYE AMD PINS EGP IEX  

Lowers Guidance: ESS

Buyback Announcements: UMBF CMA GOOGL 

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

S&P 500 +1 Dow Jones Industrial Average -67 NASDAQ  -16 Russell 2000 -7  Fair values are mixed. Asia and Europe higher. VIX is at 19.65 from 20.11 this morning in futures. VIX closed at 17.56 from 18.71and the three month futures is at 21.32 from 22.52.

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 $131.91 from $132.28  with the yield at 1.63% from 1.58%.  Bitcoin $55,050 from $55,032 and this morning at $229 and 0.42% from yesterday.

Tuesday’s Action – 4/26.  All  equity indexes were lower.

Positive Sectors On Tuesday: Industrials, Financials and Energy.

Negative Sectors On Tuesday:  Utilities, Materials and Healthcare.

One Month Winners: Energy, Financials and Communication Services of note.

Three Month Winners: Materials, Industrials and Financials of note.

Six Month Winners: Energy, Financials and Materials of note.

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

Year to Date: Energy, Communication Services, Financials and Materials of note.

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

Today After the Close: AAPL, FB, QCOM, NOW, EQIX, F, ALGN, PSA, EBAY, ORLY, AFL, WELL, WCN, TDOC, AVB, URI, IR, MGM, HOLX, AVTR, LOGI of note.

Thursday Before the Open: MA, CMCSA, TMO, MRK, MCD, BMY, CAT, AMT, MO, SPGI, SO, ICE, NOC, NEM, KDP, KHC, BAX, BCE, PH, TROW, CARR, XEL, STM, HSY, WLTW, CBRE, LH, PCG, WST, IP, RCL, CHD of note.

Earnings This Morning Of Note:

Beats: SHOP +9.20, MCO +1.43, SC +1.16, EVR +0.83, LFUS +0.79, HUM +0.64, SWK +0.63, HES +0.62, AER +0.55, TDY +0.46, PAG +0.46, AVY +0.42, OSK +0.35, IPG +0.31, GRMN +0.30, OC +0.29, UMC +0.29, ETR +0.27, SNY +0.27, ROK +0.26, CSTM +0.24, MAS +0.23, YUM +0.21, LIVN +0.20, DAN +0.19, TNL +0.18, SPOT +0.18, SHOO +0.17, TKR +0.17, SLAB +0.16, SIX +0.15, GD +0.15, CME +0.13, ALKS +0.13, DRVN +0.13, WING +0.13, IART +0.12, VRT +0.09, CAMT +0.07, BSX +0.07, WNC +0.07, ADP +0.07, PB +0.06, SLGN +0.04, BCO +0.04, TEVA +0.03, ROL +0.03, EXTR +0.03, TECK +0.02, SIRI +0.01, ARCC +0.01, EAT +0.01, GIB +0.01, SAIA +0.01

Flat:  BXMT +0.00, HELE +0.00

Misses: DISCA (0.47), BA (0.45), CHEF (0.08), RES (0.01)

Still to Report: APH, CIT, MHO, MLCO, NSC, BPOP, R

Insider Purchases: Below is the list of insider buys from yesterday and this morning. TCBI had an insider buy and shorts are there and losing -29.50%. We would followthe insider at this point. Insider Action From The TradeXchange and Short Data From Erlanger Research. Update 4/27.

Erlanger Research Advance/Decline Chart/Table –Updated through 4/27.  

Gap Ups & Down In Early Pre-Market:

Gap up: UTL +9%, G +9%, DB +8%, JNPR +8%, BYD +7%, CALX +7%, GOOG +5%, OII +5%, SWK +5%, AMD +5%, OLN +5%, NCR +4%, SIX +4%, VRT +4%, YUMC +4%, NAVI +4%, LYG +4%, EGY +4%, PPD +4%, MANH +4%

Gap down: PLX -39%, BIVI -16%, PINS -11%, RRD -9%, DMTK -8%, CMPS -7%, ENPH -7%, ALDX -5%, NGVT -5%, SPOT -5%, FFIV -5%

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

Stocks making the biggest moves GOOGL SPOT PINS SHOP AMD (CNBC)

5 Things To Know before the market opens.(CNBC)

Covid Cases: cases dropped to 38,201 from 43,863 a week ago. Dosing up to 42.96% of the population. 29.32% of population fully vaccinated. Deaths at 492. (CDC)

President Biden to pitch the American Families Plan tonight in a joint session of Congress at 9:00 p.m. EDT. (Reuters)

White House may try to make the funding for the above plan retroactive. (CNBC)

Apple (AAPL) privacy changes may positively impact its advertising revenues. (WSJ)

European Union (EU) to purchase 1.8 million doses of Covid-19 vaccine from Pfizer (PFE) . (NYT)

Boeing (BA) gets order from Silk Way West Airlines for 5 777s.

Robinhood Snacks features Apple (AAPL) ad changes and Pinterest (PINS) warned that user growth is slowing.

Index Moving Averages: All indexes are now above their moving averages. 4/26 Close

Geopolitical:

The President receives the President’s Daily Brief, Oval Office, 10:00 a.m. EDT

The President addresses a Joint Session of CongressThe Vice President, The First Lady, and The Second Gentleman attend, U.S. Capitol, 9:00 p.m. EDT

The Federal Reserve Open Market Committee (FOMC)concludes a two day meeting with announcement at 2:00 p.m. EDT and a presser at 2:30 p.m. EDT.

Economic:

Weekly API Petroleum Data out at 4:30 p.m. EDT and saw a build of 4.3 million barrels.

Weekly MBA Mortgage Applications were out at 7:00 a.m. EDT and saw a drop of -2.5% with refis  at

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

Meetings & Conferences of Note

EFSC (Investor Day) SNCA (Conference Call) RMRM (Update) TRIL (R&D Day)

Sellside Conferences: UBS Asia Healthcare Conference (4/27-4/29) B. Riley Neuroscience Conference (4/28-4/29)

Industry Conferences:

M&A Activity

Upgrades & Downgrades of Note From Sellside Firms:

Tuesday Recommendations:

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