The Daily Briefing For January 13th: Futures Modestly Lower

by Geoff Garbacz | 01/13/2021 9:24 AM

Rebel Yell Morning Market Report

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The Daily Briefing For January 13th: Futures Modestly Lower

Covid-19 Statistics: 

Total Cases 22,538,426 from 22,324,541

Deaths 371,449 from 367,393

New Tests 1,871,244 from 1,897,059

New Cases 213,885 from 193,857 with positivity rate of 11.4% (up 1.2)

Daily Deaths 4,056

Current Hospitalizations 131,326 from 129,748

Capital Raises:

IPOs Priced:  Affirm (AFRM) priced at $49 above expected range of $33 to $38.

Secondaries Priced:   ZM MARA AFMD RILY  of note.

Notes Priced of note:  NIO DOCU of note.

Common Stock filings:  RPY RILY  PRVB AFMD AMWL   of note.

Selling Shareholders of note:  VNT of note.

Mixed Shelf Offerings:   MARA of note.

Convertible Offering Files:  RPY of note.

Earnings Out After The Close Of Note:

Beats: KBH +0.19

Flat:  none

Misses: none

News After The Close:

Kratos Defense & Security (KTOS) wins contract for Electa for Federal Risl and Authorization Management Advisory.

Visas (V) and Plaid mutually terminate cancel merger as Department of Justice was interfering in the deal.

Urban Outfitters Group (URBN) saw November/December Comps fall -9%.

KB Home (KBH) beats estimates and sees backlog up 54%.

Multiple investment firms out with latest assets under management, all rising APAM AB IVZ VRTS BEN LAZ WDR

NASDAQ December  Equity Options volume 277 million contracts versus 242 million in November and 147 million a year ago.

Boeing (BA) wins $1.7 billion Air Force contract.

Blackberry (BB) sells 90 patents to Huawei.

Vice President Pence will not invoke the 25th Amendment against President Trump.

Representative Liz Cheney (R-WY) and is the House Conference Chairman indicated that she will vote to impeach President Trump.

Apple (AAPL) held talks to buy Canoo which is an Electric Vehicle company.

Dividend Increases: SSTK BUSE APOG 

Split Announcement: 

Raises Guidance: ACLS RILY BHC KBH DHR 

Lowers Guidance: LOCO PRTY BIG 

Stock Buyback New Or Increase: ALLY

Insider Buys:

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

S&P 500 -8   Dow Jones Industrial Average -47   NASDAQ -30    Russell 2000 -5 . Fair values are lower. Asia and Europe mixed. VIX is at 23.66 from 23.70 this morning in futures. VIX closed at 24.08 from 22.37 and the three month futures at 26.70 from 25.02.

Gold higher, silver lower and copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is higher. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $136.48 from $136.11 with the yield at 1.12% from 1.13%.

Positive Sectors On Tuesday:  Energy, Materials and Industrials of note.

Negative Sectors On Tuesday: Healthcare, Communication Services and Utilities of note. 

One Month Winners: Energy, Financials Real Estate and Industrials  of note.

Three Month Winners: Industrials, Communication Services, Utilities and Financials of note.

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

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

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

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

Today After the Close: WAFD of note.

Thursday Before the Open: TSM, BLK, SCHW, FRC, DAL, SINA, APHA of note

Earnings This Morning Of Note:

Beats: INFO +0.05

Flat: none

Misses: none

Still to Report: SJR

Erlanger Research Advance/Decline Chart –  Updated 1/12 Close.

Gap Ups & Down In Early Pre-Market:

Gap Up:

MTRX +29.8%, STIM +11.6%, DMTK +11.5%, CLPT +10%, TEF +8.8%, BW +8.6%, MRSN +7.1%, ACLS +6.5%, STPK +5.4%, KBH +5.1%, BHC +4.4%, TLSA +4.2%

Gap Down:

MARA -19.6%, PRTY -17%, PRVB -10.1%, URBN -8.8%, AFMD -6.6%, RPAY -5.6%, FTI -3.7%

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

Today’s Analyst Calls of note – AAPL GM XOM TWTR . (CNBC)

5 Things To Know Before The Open – (CNBC)

Covid Update – Chinese vaccine 50% effective. (CNBC)

Google (GOOGL) removes President Trump’s channel on YouTube for the next 7 days and maybe longer for violating its policies.

President-Elect Biden working with Senate Republicans on a smaller stimulus package. (Bloomberg)

Key Republicans McConnell, McCarthy and Cheney behind the president resigning or being impeached. (NYT)

Boeing (BA) 737-500 that crashed in Jakarta had not flown for almost 9 months. (WSJ)

Apple (AAPL) making a big announcement today, see presentations below. (9to5mac)

Facebook (FB) COO Sheryl Sandberg says that last week’s riot was not organized on Facebook. (Business Insider)

Stock Index Trading:

Current through 1/12 close. Overall confidence remains at 100%.

Bold means a change from prior day.

Geopolitical:

The House will vote on a second impeachment of President Trump.

Federal Reserve St. Louis President James Bullard speaks at 9:30 a.m. EST.

Federal Reserve Governor Lael Brainard speaks at 1:00 p.m. EST.

Federal Reserve Philadelphia President Patrick Harker speaks at 9:30 a.m. EST.

Federal Reserve Vice Chairman Richard Clarida speaks at 3:00 p.m. EST.

$24 billion of 30 Year Treasury Notes auctioned at 1:00 p.m. EST.

Economic:

API Petroleum Institute Data is due out at 4:30 p.m. EST.

The latest NYSE and NASDAQ short interest data is due out after the close for the period ending settlement date of December 31st. For the latest period, the S&P 500 is up by 1.74% from December 11th through December 29th on a trade basis.

Weekly MBA Mortgage was out at 7:00 a.m. EST and rose 16.7%.

December CPI is due out at 8:30 a.m. EST and is expected to rise to 0.4% from 0.2%.

January Federal Reserve Beige Book is due out at 2:00 p.m. EST.

The latest Treasury Budget for the month of December is out at 2:00 p.m. EST and we have not previously tracked but will in 2021, as deficits may start to matter.

Investor Meetings & Conferences of Note:

BHS  AAPL (Investor Event)  

Sellside: Needham Annual Growth Conference (1/11-1/15) JP Morgan Healthcare Conference (1/11-1/14) UBS Winter Infrastructure & Energy Conference (1/12-1/13) Sidoti Winter Investor Conference (1/13-1/14) CJS Securities Annual New Ideas For The New Year Conference (1/13) Citi European Utilities Conference (1/13-1/15)

Industry Conferences: CES (1/11-1/14)

M&A Activity:

Qualcomm (QCOM) o buy NUVIA for $1.4 billion.

Upgrades & Downgrades of Note This Morning:

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