The Daily Briefing For February 3rd: Futures Rebounding After Friday's Sellin g

by Geoff Garbacz | 02/03/2020 9:45 AM

Rebel Yell Morning Market Report

Your Daily Financial Market Briefing - Giving You An Investing Edge Before Each Trading Day Begins

The Daily Briefing For February 3rd: Futures Rebounding After Friday's Sellin g

IPOs on deck:   None of note.

IPOs Filed:  None of note.

Secondaries Priced: None of note.

Notes Priced:  None of note.

Common Stock filings: INO CYDY AROC  of note.

Mixed Shelf Offerings:  JCI OSMT of note.

Convertible Offering Files: None of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

None of note.

Missed:

None of note.

News After The Close (In Order of Time)

IQIYI (IQ) moves earnings to 2/27 due to Coronavirus.

Baidu (BIDU) moves earnings release back on Coronavirus but guides above for Q4.

Berry Global (BERY) prioritizing the production of healthcare products used for face masks.

Index Changes: TMHC to replace GDOT in S&P 400 and GDOT to replace WLH in the S&P 600.

Lockheed Martin (LMT) wins $2,33 billion U.S. Navy contract.

Senate rejects witnesses  setting up acquittal this week.

Eventbrite (EB) Chief Marekting Officer Brian Irving resigned as of today.

Philippines reported first death from Coronavirus.

Peoples Bank of China (PBOC) injected $174 billion liquidity into market.

Barron’s + on TMUS DAL BKNG PE CXO IBM and – on AMD.

Apple (AAPL) shuts all stores and offices in China until 2/9.

Stock Repurchase Announcements:  FLIC JEF ZION CHKP

Dividend Increases: 

Gap Higher: AIMT +16%, MAXR +6%, GILD +5%, BW +4%, BIDU +4%,

Gap Lower: None of note.

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

S&P 500 +17 Dow Jones Industrial Average +128  NASDAQ +51 Russell 2000 -7.52. Fair values are lower. Asia mostly lower and Europe  mixed

Gold and silver lower with copper higher. WTI Crude Oil higher and Brent Oil Futures lower. Natural Gas is higher. $ is lower vs Euro, higher vs Pound and higher vs Yen. US 10 year Treasury price is at $131.47 from $131.33 with yields at 1.546% from 1.549%.  Prices as of 8:15 a.m. EDT.

Positive Sectors On Friday: None of of note.

Negative Sectors On Friday:  Materials, Energy. Consumer Goods and Financials of note.

One Month Winners: Conglomerates, Utilities, Technology and Consumer Goods.

Three Month Winners: Healthcare, Consumer Goods and Technology.

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

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

Year to Date: Conglomerates, Utilities, Technology, Consumer Goods and Industrial Goods.

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

Today After The Close:  

 GOOGL NXPI HIG ARE AFG KRC WWD HXL LEG HP VVV SSD RBC CBT FN BECN EZPWof note.

Tuesday Before The Open:

BP SNE COP AGN LHX EMR SPG ETN TDG SIRI ZMH MCK CNC CMI RCL CLX WAT IT ARMK LII  of note.

Earnings This Morning Of Note

Beat:

AMG +0.43, ABG +0.18, CHKP +0.05, NGVT +0.02 of note.

Flat:

CTLT +0.00

Missed:   

ACM (0.23), SAIA (0.04), ON (0.02) of note.

Still To Report:  NSSC, SYY

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

Top News Story:  

Stocks making the biggest moves. (CNBC)

5 Things To Know To Start Your Day. (Bloomberg)

Coronavirus update as 361 now dead and Hong Kong closes borders with China. (CNBC)

Chinese markets down close to -8% as markets reopen after Lunar New Year. (CNBC)

Presidential Candidate Mike Bloomberg releases a $5 trillion tax plan with raises in tax rates. (CNBC)

Stock Index Tracking

All  stock indexes in trouble. Current through 1/31 close.

Bold means a change from prior day.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

December Construction Spending is due out at 10:00 a.m. EDT and is expected to fall to 0.5% from 0.6%.

January ISM Manufacturing Index is due out at 10:00 a.m. EDT and is expected to rise to 48.1 from 47.2

Geopolitical:      

President Trump will have lunch with Vice President Pence and then give an interview with Fox News that will appear at 9:00 p.m. EDT.

Reserve Bank of Australia is out with its latest interest rate decision tonight at 9:00 p.m. EDT.

Results of the Iowa Caucuses will be out in the late evening.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: AKTS (Investor Update Call)  

Sellside Conferences: None of note.

Industry Conferences: NAPE Summit 2020 ((2/3-2/7).

M&A Activity

Upgrades & Downgrades

Latest Reports

Stay Up to Date With The Latest
News & Updates

Join Our Newsletter



GET THE NEWSLETTER

Rebel Yell Morning Market Report
Market Alerts
Offers from us
Offers from our trusted partners

Follow Us

Connect with us on social media

Facebook Twitter