The Daily Briefing For November 18th: Mixed Start To The Day

by Geoff Garbacz | 11/18/2019 9:57 AM

Rebel Yell Morning Market Report

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The Daily Briefing For November 18th: Mixed Start To The Day

Breaking News – 

IPOs on deck: 8 IPOs on deck this week. 

IPOs Filed: Reynolds Consumer Products after the close.

Secondaries Priced: None of note.

Notes Priced:  MAXR UNVR of note.

Common Stock filings:  AJG DAC SPWR of note.

Mixed Shelf Offerings filed:  None of note.

Convertible Offering Files:  None of note.

Senior Notes Filed: KALU VICI  of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: None of note.

Missed: None of note.

Flat: None of note.

News After The Close (In Order of Time)

Fitch affirms Ireland at an A+ rating.

FTC clearance for the Bristol Myers (BMY) and Celgene (CELG) merger which will close on Wednesday.

Barron’s negative on GRUB and UBER as well as private food delivery companies.

Barron’s positive on BR JSAIY MDT WMT .

Stock Repurchase Announcements: PJC YNDX COG

Dividend Increase: UBSI

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

Gap Higher: 

Gap Lower: 

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

S&P 500 +4 Dow Jones Industrial Average +53 NASDAQ +19 Russell 2000 +2.25 Fair values are higher. Asia and Europe are mixed to lower.

Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures lower. Natural Gas is lower. $ is lower vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $129.02 from $129.13 with yields at 1.86%. Prices as of 8:25 a.m. EDT.

Positive Sectors On Friday: Healthcare, Technology and Industrials of note.

Negative Sectors On Friday:  None of note.

One Month Winners: Healthcare, Industrials, Financials and Technology.

Three Month Winners: Industrials, Financials and Consumer Goods.

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

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

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

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

Today After The Close:  

ZTO WWD ASH BILI KRNT CRMT of note.

Tuesday Before The Open:

HD MDT TJX TDG ARMK TSS WUBA MMS NJR DY NIO DAVA JKS PPDF of note.

Earnings This Morning Of Note

Beat:   None of note.

Missed:   None of note.

Flat:  None of note.

Still to Report:  

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

Top News Story:  China and U.S. hold constructive weekend trade talks. (Xinhua)

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

Five  Things To Know To Start Your Day. (CNBC)

Hong Kong escalates as Chinese troops make appearance on streets. (WSJ)

Mayor Pete Buttigieg takes the lead in latest Democratic Iowa Poll.  (Des Moines Register)

U.S. may extend licenses to companies with Huawei. (Reuters)

Data Points

All stock indexes see the best possible strength. Current through 11/15.

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Bold means a change from prior day.

YTD 64% (+1% change week over week) of stocks are higher and 38% are lower. Updated  through 11/15/19 close.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

None of note today.

Geopolitical:

President Trump will receive his intelligence briefing and meet with the Secretary of State.

Reserve Bank of Australia out with latest minutes at 6;30 p.m. EDT.

Conferences & Analyst Meetings:

Company Analyst Meetings and Conference Calls: TMUS (confernce call)  ATTO IMMR (Investor Day) FTNT SURF (analyst day)

Sellside Conferences: None of note.

Industry Conferences: Supercomputing 2019 (11/17-11/22) Vaccines R&D Conference (11/18-11/19).

M&A Activity

Barrick (GOLD) sells 50% stake in Kalgoorlie Consolidaed Gold Mines  to Saracen Mineral Holdings Limited for $750 million in cash.

United Bankshares (UBSI) and Carolina Financial (CARO) to merge.

Alermes (ALKS) to buy Rodin Therapeutic for $100 million in cash.

Upgrades & Downgrades: Updated through 8:20 a.m. EDT

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