The Daily Briefing For January 17th: Futures Strong Again...

by Geoff Garbacz | 01/17/2020 9:05 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 January 17th: Futures Strong Again...

IPOs on deck:  First IPO of the year is up Velocity Financial (VEL) of note.

IPOs Filed:  None of note.

Secondaries Priced: None of note.

Notes Priced: None of note.

Common Stock filings: None of note.

Mixed Shelf Offerings: ATHX of note.

Convertible Offering Files: None  of note.

Senior Notes Filed:  None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

BEDU +0.17, PBCT +0.05, PRGS +0.04, OZK +0.02, CSX +0.01 of note.

Missed:

 None of note.

News After The Close (In Order of Time)

Comcast (CMCSA) unveils Peacock, will launch 4/15.

Gap Inc. (GPS) no longer to separate Old Navy into a stand alone company.

Leidos (LDOS) wins $110 Army contract to lead a technical refresh with hardware/software upgrades.

Sysco (SYY) launches Plant Based Meatless Burger Patty.

Stock Repurchase Announcements:  PRGS of note.

Dividend Increases: ED CEQP (distribution) JI FAST of note.

Gap Higher: PRGS +10%, GPS +5%, SBGL +4%

Gap Lower: SFM -5%, FAST -4%, CSX -4%

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

S&P 500 +7 Dow Jones Industrial Average +58  NASDAQ +30 Russell 2000 +5.48. Fair values are lower. Asia and Europe higher.

Gold, silver and copper higher. WTI Crude Oil  and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, higher vs Pound and lower vs Yen. US 10 year Treasury price is at $129.19 from $129.38 with yields at 1.786%. Prices as of 8:15 a.m. EDT.

Positive Sectors On Thursday: Conglomerates, Technology and Industrials of note.

Negative Sectors On Thursday:  None of note.

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

Three Month Winners: Healthcare, Consumer Goods and Technology.

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

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

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

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

Today After The Close:  

None  of note.

Tuesday Before The Open:

HAL TAL CMA FNB ONB FBC NWBI PETS of note.

Earnings This Morning Of Note

Beat:

STT +0.29 FHN +0.05, CFG +0.04, SLB +0.02 of note.

Missed:   

None of note.

Still to Report: 

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)

Iran’s Supreme Leader gave a speech trying to rally his supporters. (NYT)

China’s economy grew at slowest rate in 29 years. (CNBC)

Treasury to start issuing a 20 Year Bond this year. (WSJ)

Review of the ruled for the impeachment trial next week. (NYT)

Boeing (BA) to take a $20 billion write off on 737 Max. (CNBC)

Facebook (FB) to drop plans for WhatsApp ads. (WSJ)

Google (GOOGL) sees market cap over $1 trillion. (WSJ)

Stock Index Tracking

All  stock indexes have improved recent weakness. Current through 1/15 close.

Bold means a change from prior day.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

December Housing Starts are due out at 8:30 a.m. EDT and are expected to rise to 1,380,000 from 1,365,000.

December Industrial Production is due out at 9:15 a.m. EDT and is expected to fall to 0.1% from 1.1%.

January University of Michigan Consumer Sentiment is due out at 10:00 a.m. EDT and is expected to fall to 98.3 from 99.3.

Geopolitical:      

President Trump will receive the LSU Tigers as the White House at 11:00 a.m. EDT and then head to Palm Beach for  the long weekend.

Federal Reserve Governor Randal Quarles to speak at 12:45 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note: None of note.

Sellside Conferences:  Santander Annual LatAm Conference (1/14-1/17).

Industry Conferences: AlphaNorth Capital Investment Conference. (1/17/20)

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