Superstock Investor
Member Login   RSS ->
James DiGeorgia, Mr. Macro
- Chief Editor -
Mr. Macro
Geoff Garbacz, Mr. Micro
- Chief Strategist -
Mr. Micro
Dan Hassey, Mr. Retirement
- Senior Stock Analyst -
Mr. Retirement
Superstock Investor


[Printable Version of This Page]

Market Matters:

Stocks Higher This Morning With S&P 500 +38
by Geoff Garbacz

May 7, 2020

IPOs on deck: None of note.

IPOs Filed:  None of note.

Secondaries Priced:   of note.

Notes Priced of note:of note.

Common Stock filings:  GNMK VAPO CEMI EAT SAVE  of note.

Mixed Shelf Offerings:   of note.

Convertible Offering Files:  SAVE of note.

Senior Notes Filed None  of note.

Courtesy of IPO Financial

Earnings After The Close:

Beat:

EQIX +1.83, AMP +1.48, AEL +0.52, ANAB +0.50, ENTA +0.42, ESPR +0.40, RE +0.40, GBT +0.35, BIO +0.34, DLPH +0.31, QDEL +0.27, FOXA +0.23, LGND +0.23, NBIX +0.23, PXD +0.21, CTVA +0.20, APA +0.19, XEC +0.19, FSLY +0.18, TSE +0.17, TWLO +0.17, ALB +0.16, TLND +0.16, CSGS +0.15, RGR +0.15, WTRG +0.15, MET +0.14, HI +0.14, MUR +0.14, HUBS +0.12, ESE +0.11, FORM +0.11, NUS +0.11, RCII +0.10, FTNT +0.10, DAR +0.09, WTS +0.09, AMED +0.08, KRO +0.08, TRMB +0.08, LASR +0.08, TROX +0.08, J +0.08, LNC +0.07, TMUS +0.07, LVGO +0.07, NTRA +0.07, NUVA +0.07, QGEN +0.07, ESS +0.07, CCMP +0.05, CW +0.05, BNFT +0.05, EXR +0.04, RDN +0.04, UGI +0.04, ADTN +0.04, CF +0.04, REAL +0.04, ATO +0.03, MAA +0.03, NMIH +0.03, CDAY +0.03, GRUB +0.03, PING +0.03, PPD +0.03, QTWO +0.03, ANSS +0.03, FNV +0.03, EPR +0.03, BEAT +0.02, BFAM +0.02, CTL +0.02, ES +0.02, IMMU +0.02, INVH +0.02, SJI +0.02, WCN +0.02, STAY +0.02, INSG +0.02, WPX +0.02, DDD +0.02, TTGT +0.02, AWK +0.01, RP +0.01, RNG +0.01, RGLD +0.01, SRI +0.01, VIAV +0.01, STAA +0.01, WPM +0.01 of note.

Flat:  DHR +0.00, HR +0.00, NDLS +0.00, RMAX +0.00, VVV +0.00, WELL +0.00

Misses: 

RNR (3.61), IAC (3.20), DCP (3.14), WYNN (1.85), SRPT (1.75), TIVO (1.34), GDDY (0.90), LYFT (0.68), DRQ (0.55), CVNA (0.54), RARE (0.37), CHEF (0.36), SEDG (0.32), REZI (0.30), SAVE (0.24), RUN (0.23), CXW (0.22), SONO (0.21), FG (0.20), EXAS (0.19), PAAS (0.17), H (0.17), ZNGA (0.17), ETSY (0.15), SQ (0.15), AZPN (0.10), MX (0.08), BRKR (0.08), MFC (0.08), PYPL (0.08), NTR (0.07), CPA (0.06), EPAY (0.06), OSUR (0.06), PTON (0.05), ANGI (0.05), FOXF (0.03), TWO (0.03), CLI (0.03), AVB (0.02), AYX (0.01), EVRG (0.01), FRT (0.01), FCPT (0.01), LCI (0.01), MRO (0.01), UDR (0.01), ZIXI (0.01), IRWD (0.01), UPWK (0.01), CUB (0.01)   of note.

Gap Ups:

TWLO +26%, FSLY +26%, KRTX +20%, NUS +16%, PTON +15%, ANGI +15%, LYFT +14%, TLND +11%, GDP +10%, RCII +10%, NTRA +9%, BNFT +9%, TROX +9%, PYPL +9%, LNC +8%, LASR +8%, WPX +8%, FTNT +8%, AMP +7%, EXR +7%, ENDP +7%, LVGO +7%, GDDY +7%, XEC +7%, PPD +6%, STOR +5%, TIVO +5%, CDAY +5%, DXCM +5%, CDXS +5%, CUB +5%, MRO +4%, NMIH +4%.

Gap Downs: 

SAVE -13%, RUN -12%, EPR -11%, AYX -9%, SEDG -9%, PING -8%, SONO -8%, BFAM -7%, LCI -7%, VAPO -6%, LGND -6%, ETSY -6%, CVNA -6%, ZNGA -5%, SRPT -5%, INSG -4%, EXAS -4%, DDD -4%, TTGT -4%, NDLS -4%, RNG -4%, AZPN -4%.

Hourly Action This Past Week: Updated 5/5 Close

News After The Close (In Order)

Carnival Cruise (CCL) to keep ships moored through the summer.

Costco (COST) sees April comps -4.7%.

Index Changes: S&P 500 DXCM DPZ Added. S&P 100 CRM  Added. S&P 400 STOR Added. S&P 600 Added CPRI.

Intuitive Surgical (ISRG) wins a $420 million Defense Logistics Agency contract.

President Trump to get a full report by 5/515 on China's ability meet Phase One  of Trade Deal.

Fitch downgrades Walt Disney (DIS) to A- from A and maintains negative outlook.

Lowers Guidance: UPWK (Q2) RP (Q2) AYX (Q2) ALB (Q2)  HUBS (2020) PING (Q2) SEDG (Q2) ANSS(Q2 2020) CSGS KRO  EQIX (Q2 2020)

Raises Guidance: PPD (Q2) MX (Q2) TWLO (Q2) FTNT (Q2) PTON (Q4)  ETSY (Q2)  ZNGA (Q2) HUBS (Q2) WTRG (2020) FSLY (Q2 2020) NUS (Q2 2020) TLND (Q2) BNFT (Q2 2020) ZIXI (2020)

Withdraws 2020 Guidance: OSUR PPD UPWK PYPL ESS BIO AYX CTL CDAY BRKR QGEN AMED ESE BEAT TLND TTGT CTVA 

Dividend Increase: AMP 

Dividend Cut: WELL STAY

Share Buyback Announcements: 

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

S&P 500 +12 Dow Jones Industrial Average +105 NASDAQ +60 Russell 2000 +6.69 Fair values are higher.  Asia mixed   and Europe higher.

Gold, silver 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 $138.63 unchanged with yields at 0.70%  no change as well.

Positive Sectors On Wednesday: Technology and Consumer Cyclical of note .

Negative Sectors On Wednesday: Utilities, Energy and Real Estate of note.

One Month Winners: Materials, Conglomerates, Financials and Services of note.

Three Month Winners: None of note.

Six Month Winners:  Healthcare and Technology of note.

Twelve Month Winners: Healthcare, Technology and Consumer Goods of note.

Year to Date: None of note.

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

Today After The Close: FISV BKNG UBER MNST CTSH DLR BIDU EOG ED MSI FLT MCHP MTD PODD TTD QRVO  of note.

Friday Before The Open: EXC PPL BR BIP UI VTR XRAY PNW LEA DISH NBL KIM ATH SR NJR AVA ESNT HMSY NWN of note.

Earnings This Morning Of Note

Beat:

CNNE +8.12, MT +1.30, LAUR +0.95, IT +0.88, RTX +0.73, VIRT +0.70, ENDP +0.40, CRL +0.38, BMY +0.27, EYE +0.26, BDX +0.26, HLT +0.23, CNP +0.22, VIAC +0.18, TEVA +0.17, MBUU +0.15, EQT +0.14, ABC +0.13, EDIT +0.12, HFC +0.10, IRM +0.10, ENB +0.10, AAN +0.10, PBH +0.08, TRGP +0.07, CORE +0.07, GTN +0.07, FOCS +0.07, YETI +0.06, AAON +0.06, BCE +0.05, KTB +0.05, FVRR +0.05, KRTX +0.05, THRM +0.05, HAIN +0.04, NOMD +0.04, CBRE +0.04, MIDD +0.04, VG +0.04, VSTO +0.04, COMM +0.04, THS +0.04, MGA +0.03, EPAM +0.03, REYN +0.03, TW +0.03, NTCT +0.02, HES +0.01, JBLU +0.01, MRNA +0.01, CFX +0.01, BLL +0.01, FIS +0.01, HIMX +0.01, PWR +0.01 of note.

Missed:

PENN (5.16), OGE (2.67), SATS (0.51), DISH (0.44), BV (0.38), ACIW (0.31), HII (0.29), GOLF (0.25), WEX (0.25), CWEN (0.24), MD (0.22), CNQ (0.18), NTLA (0.16), ENR (0.16), IART (0.15), ELAN (0.11), CTB (0.09), SERV (0.08), BUD (0.08), SRCL (0.08), KAR (0.05), EXLS (0.04), LAMR (0.04), CCOI (0.03), SPAR (0.03), TU (0.03), XEL (0.03), HL (0.02), ECOM (0.02)  of note.

Flat: LXP +0.00, AES +0.00, MMS +0.00, BHC +0.00, EPC +0.00

Still to Report: AAWW, NSIT, IDCC, PCRX, PRFT, DOC, RHP, SHLX, TGNA

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

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

Stocks Making The Biggest Moves. (CNBC)

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

Coronavirus update: Moderna makes a big step. Germany warns crisis not over.

U.S. Coronavirus Map update.

Moderna (MRNA) gains Phase II Trial for its COVID-19 vaccine with a goal of moving to Phase III by mid summer. (CNBC)

U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu to discuss Phase One of the Trade Deal next week. (Bloomberg)

Chinese exports rose 3.5% beat estimates of a drop of 15.7%. Imports fell. (CNBC)

Senate Republicans against more coronavirus aid. (WSJ)

President Trump believes the cost of the lockdowns is too high and time for America to open up and move on. (NYT)

MGM (MGM) warns 63,000 employees of potential layoffs. (WSJ)

Dr. Anthony Fauci is optimistic about Moderna (MRNA) and its progress on their vaccine. (Boston Business Journal)

Stock Index Tracking

Current through 5/6 close.  Moving averages remain in decent shape but saw some weakness yesterday.

Bold means a change from prior day.

The advance/decline line model is now a buy on 4/2 close. Updated through 5/6  close. In 2019, the model was up 16.48% on the S&P 500 and this year is up 5.69% with the S&P 500 lower by -9.89% through yesterday. Now 6 buy signals and 4 cash signals in 2019 and 2020. The latest buy is up 15.21% through Thursday’s close.

Algo/HFT Trading Levels:

The Erlanger Value Lines track the intraday range of resistance, pivot and support used by Algo/HFT Traders. Each day we show where we closed within the range. Updated through 5/6 close. EVL Ranges remain above normal and are highlighted in blue BUT are starting to drop.

Courtesy of Phil Erlanger Research, Inc.

Economic & Related:

Weekly Jobless Claims are due out at 8:30 a.m. EDT. Came in at 3.169 million slightly better than estimates.

Weekly Natural Gas Inventories  are due out at 10:30 p.m. EDT.

March Consumer Credit is due out at 3;00 p.m. EDT and is expected to rise by $7.5 billion from $22.5 billion in February,

Geopolitical & Related

The Bank of England (BOE) is out with its latest interest rate decision this morning and left rates at 0.1% but warned worst crisis since 1706.

President Trump will meet with the Governor of Texas at 2:00 p.m. EDT and then at 4:00 p.m. EDT deliver remarks at the White House National Day of Prayer Service.

Federal Reserve Minneapolis President Neel Kashkari will speak at 12:00 p.m. EDT.

Federal Reserve Philadelphia President Patrick Harker will speak at 4:00 p.m. EDT.

Meetings, Calls & Conferences

Investor/Analyst Days & Conference Calls of Note:  ASMB (Conference Call) RLI CLXT GLOG  (Investor/Analyst Meeting)  TRHC PLUG (Webcast) AVRO MGTA CYAD(Business Update).

Sellside Conferences: SunTrust Robinson Humphrey Life Sciences Virtual Meeting Series, (5/5-5/7). D.A. Davidson Financial Institutions Conference (5/6-5/8)

Industry Conferences: Dell Technologies World 2020 (5/4-5/7). Association for Research in Vision and Opthamology (ARVO) Annual Meeting (5/3-5/7)

M&A Activity

Upgrades & Downgrades 

Market Matters Archives

FREE SERVICES

Morning Briefing

Get the information you need to make profitable decisions first thing in the morning. Access to the information is FREE, not knowing it could cost you a bundle!

SUBSCRIBER SERVICES

Superstock Investor Newsletter

Published once a month. Get the big picture, what happened last month and predictions for the month ahead.

Investors Edge

Take advantage of the knowledge provided by people who live to monitor the Stock Market. People like:

  • Phil Erlanger
  • Tom McClellian
  • Mohan
  • Geoff Garbacz
  • Steve Weintz

Get access to information from publications like:

  • The Kiplinger Letter
  • The Agile Trader
  • McClellan Market Report
  • Gold and Energy Options Trader
  • Mohan's Market Force

***

Not a Subscriber?

[Superstock Investor Newsletter]

Superstock Investor's goal is to provide subscribers a steady stream of original stock ideas with an emphasis on takeover candidates. These are companies that have flown onto our radar screens as potential takeover targets, or special situations with some catalyst promising to send their shares soaring. Continue..