Superstock Investor
Morning Briefing

Tuesday, February 11, 2020

Market Matters:

Futures Set To Open Higher For The First Time This Week

BREAKING NEWS: T-Mobile (TMUS) and Spring (S) merger is approved.

IPOs on deck: None of note.

IPOs Filed:  None of note.

Secondaries Priced: NYMT  of note.

Notes Priced: None of note.

Common Stock filings:  ADVM TBPH XERS MRNA NYMT AMGN of note.

Mixed Shelf Offerings:  AMGN LEE  of note.

Convertible Offering Files:  RVNC BHF of note.

Senior Notes Filed: None of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat: 

RE +0.62, KMPR +0.51, BHF +0.27, DVA +0.20, AMKR +0.18, OMF +0.16, XPO +0.11, LMNX +0.08, MOH +0.07, CHGG +0.06, FLDM +0.06, VOYA +0.04, RPD +0.04, STE +0.03, MIME +0.02, EEFT +0.02, BLKB +0.01, RNG +0.01, VRNS +0.01, WTS +0.01, IIIV +0.01, JCOM +0.01 of note.

Missed: 

MELI (0.29), CMP (0.19), ELY (0.03), FRT (0.02), BRX (0.01) of note.

Flat:

IIVI +0.00, MESA +0.00, PSEC +0.00

Hourly Action This Week: Updated 2/7

News After The Close (In Order of Time)

Slack (WORK) rose on Monday over a story about picking up IBM as major client. Fact is Slack notes IBM has been largest client for several years.

T-Mobile (TMUS) and Sprint (S) expected to get a ruling in favor of their merger today.

Stock Repurchase Announcements: CVTI BANC  VOYA BHF

Dividend Increases: OMF (normal + special dividend of $2.50 per share)

Dividend Decreases: SLCA

Gap Higher: S +63%, AMKR +16%, TMUS +9%, FLDM +6%, RNG +4%, OMF +4%,

Gap Lower: XERS -8%, WORK -7%, MIME -7%, MRNA -6%, ELY -5%, MELI -4%, RPD -4%, APPS -4%, ADVM -4%, TBPH -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 +13 Dow Jones Industrial Average +121  NASDAQ +45  Russell 2000 +8.38. Fair values are lower. Asia mixed and Europe higher.

Gold and silver lower with copper higher. WTI Crude Oil and Brent Oil Futures higher. Natural Gas is lower. $ is higher vs Euro, lower vs Pound and higher vs Yen. US 10 year Treasury price is at $130.95 from $131.13  with yields at 1.587%.  Prices as of 8:20 a.m. EDT.

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

Negative Sectors On Monday:  Materials and Energy 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:  AMCR ACGL PEAK AKAM LYFT UDR EXAS WU AIZ DEI BXMT PRI REXR NCR LSCC.

Wednesday Before The Open: CVS CME MCO SHOP GOLD GPN IQV TEVA TAP CVE NBL IPG ARCC BG CYBR AB RDWR.

Earnings This Morning Of Note

Beat:

JLL +0.46, HAS +0.32, CRL +0.18, CRTO +0.17, AN +0.16, INGR +0.13, EXC +0.10, LCII +0.08, HLT +0.04, OMC +0.04, SEE +0.03, D +0.03, VIRT +0.02, ST +0.02, MAS +0.01, USFD +0.01 of note.

Flat: UAA +0.00

Missed:  

MLM (0.12), CEIX (0.08), LPX (0.07), ONDK (0.04), FLOW (0.03), DBD (0.02) of note.

Still To Report: GT, MMYT, NNN, SOGO, TGNA

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

Top News Story: 

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

5 Things To Know Before The Stock Market Opens. (CNBC)

Stocks Moving This Morning. (CNBC)

Coronavirus update sees over 1000 dead and over 44,000 infected. (CBS News)

Ray Dalio, the founder of Bridgewater, calls market reaction to coronavirus “exaggerated”. (Bloomberg)

Thailand turns away cruise ship with passengers who have coronavirus. (Bloomberg)

U.S. has 13th case and WHO calls coronavirus a “very grave threat”. (CNBC)

Federal Reserve Chairman Powell notes that the Fed is watching coronavirus closely. (CNBC)

Senator Bernie Sanders is leading New Hampshire primary by 7% heading into today’s vote. (Real Clear Politics)

Preview of Federal Reserve Chairman Powell and other events on tap. (Bloomberg)

Google (GOOGL) may enter the video streaming market to compete against Amazon (AMZN), Netflix (NFLX) and Apple (AAPL). (The Information)

Mastercard (MA) gets approval from the PBOC to setup domestic bankcard clearing institution in China. (Bloomberg)

Stock Index Tracking

All back to positive. Current through 2/10 close.

Bold means a change from prior day.

Courtesy of Phil Erlanger Research, Inc.

Algo/HFT Trading Levels:

Economic & Related:

January NFIB Small Business Optimism Survey came out at 6:00 a.m. EDT and came in at 104.3 from 102.7.

The latest NYSE and NASDAQ Short Interest is due out after the close through the end of January.

The latest API Petroleum Institute data is due out at 4:30 p.m. EDT.

Geopolitical:      

President Trump will have a quiet day with only an intelligence briefing at 1:45 p.m. EDT.

Federal Reserve Chairman Jerome Powell will begin two day of testimony before Congress at 10:00 a.m. EDT.

Federal Reserve Governor Randall Quarles will speak at 12:15 a.m. EDT.

Democratic Primary will be held today in New Hampshire.

$38 Billion of 3 Year Treasuries at 1:00 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note:  BC V UTX (Investor Day) CTRA (Conference Call)

Sellside Conferences: Goldman Sachs Technology and Internet Conference (2/11-2/13). Stifel Transportation and Logistics Conference (2/11-2/13).

Industry Conferences: Metro Connect USA (2/10-2/12). BIO CEO & Investor Conference (2/10-2/11). Chicago Auto Show (2/8-2/17). Enercom Dallas Energy Investment Conference. (2/11-2/12)

M&A Activity

Repay Holdings (RPAY) buys Ventanex for $50 billion.

Intuitive Surgical (ISRG) buys Orpheus Medical, no terms.

Upgrades & Downgrades through 8:30 a.m. EDT 2/10

----------

Today's Superstock Investor Stock Scorecard:

Exxon Mobil Corporation (XOM)
by Superstock Investor


 

Energy stocks have been crushed. The best run company in the space is Exxon (XOM). So is there value at $59.96?

Company Information

Company: Exxon Mobil Corporation
Sector: Energy
Industry: Integrated Oil & Gas
Market Cap:  $339,119,100,000

Targets

  Price %Gain  
Current Price $80.87    
Price Target $88.96 9.1%  
Upper Bound $111.20 37.5%  
Lower Bound $75.61 -6.5%  

Stock data last updated 03/19/2019.

Data provided by QPI, Inc. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. QPI, Inc. is not liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing this page, you agree not to redistribute the information found herein.

----------