Wednesday, December 16, 2020

Your Pre Market Brief for 12/16/2020

WARNING: It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.

Your Pre Market Brief for Wednesday December 16th 2020

Brought to you by r/MoonGangCapital

You can subscribe to the daily 4:00 AM Pre Market Brief on The Twitter Link Here . Alerts in the tweets will direct you to the daily 4:00 AM Pre Market Brief in this sub.

Other Useful Resources: The Ultimate Quick Resource For the Amateur Trader.

Published 3:00 AM EST / Updated as of 3:00 AM EST

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Stock Futures:

Tuesday 12/15/2020 News and Markets Recap:

Wednesday December 16th 2020 Economic Calendar (All times are Eastern)

Overnight News Heading into Wednesday December 16th 2020

(News Yet to be Traded 8:00 PM - 4:00 AM EST)

It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.

  • TWTR Twitter Kills Its Standalone Live-Streaming Service Periscope
  • ZM Zoom To Expand Presence In Singapore. Zoom Will Open a Research and Development Center and Double the Capacity of its Co-Located Data Center
  • PDD Technology beats humans at growing strawberries in Pinduoduo smart agriculture competition
  • THC $49,214,917.62 of shares sold by Glenview Capital Management, Llc (10% Owner), reported in a new form 4 filed with the SEC
  • CVE Cenovus and Husky shareholders approve proposed business combination
  • NDRA ($0.81) ENDRA Life Sciences Announces Pricing of Public Offering of Common Stock
  • OCUL Ocular TherapeutixTM Announces Pricing of Public Offering of Common Stock
  • ARVN Arvinas Announces Pricing of $400 Million Public Offering of Common Stock
  • CLLS Cellectis Announces Withdrawal of Follow-On Offering
  • CSTL Castle Biosciences Announces Pricing of $232 Million Public Offering of Common Stock
  • PFR BNTX AZN China Secures 100M Doses Of Pfizer-BioNTech COVID-19 Vaccine For 2021
  • IBM IBM Acquires Fintech Startup Expertus To Strengthen Banking Solutions
  • COMM MediaKind Launches Mediaroom Play for New Media Entertainment Experiences on Set Top Boxes Powered by Android TV

End of Day and After Hours News Heading into Wednesday December 15th 2020

(News Traded 4:00 PM - 8:00 PM EST)

It is up to you to judge the accuracy and veracity of the below before trading. I take no responsibility for the accuracy of the information in this thread.

  • HMC Honda recalling 1.79 million vehicles worldwide for safety issues
  • AZO AutoZone Authorizes Additional Stock Repurchase
  • CPA Copa Holdings Announces Monthly Traffic Statistics For November 2020
  • PGEN ($7.17) Precigen Provides Latest Clinical Developments at Virtual R&D Update Event
  • ALB BofA Raises Price Targets For Lithium Producers
  • ZVO Zovio CEO to Participate in Water Tower Research Fireside Chat Series on December 16, 2020
  • CAAP ($3.92) Corporación América Airports S.A. Reports November 2020 Passenger Traffic
  • BIIB APRINOIA Therapeutics Established Collaboration on Tau PET Imaging Tracer Development
  • BTG B2Gold says operations at Mali gold mine not affected by general strike
  • KNOP KNOT Offshore to buy Tove Knutsen tanker in $117M deal
  • SITC $4,934,507.16 of shares sold by Otto Alexander (Director), reported in a new form 4 filed with the SEC
  • SMTC Semtech and AWS Collaborate on AWS IoT Core for LoRaWAN®
  • AUPH Aurinia and Lonza Announce Exclusive Agreement for Dedicated Voclosporin Manufacturing Capacity
  • MRAM ($5.67) Everspin Technologies President and CEO Kevin Conley resigns, stock plunges 30%
  • TOL Toll Brothers/L+M Joint Venture Secures $160 million in Construction Financing for New Multifamily Development in Washington, DC
  • MSGS How Giannis Antetokounmpo Earned His Massive $228M 'Supermax' Contract
  • GOOG Google resolves Gmail issue that lasted FOUR hours and affected thousands of users who received 'Account not found' error messages when sending emails to other accounts
  • ACU CORRECTION -- Acme United Corporation Board Increases Cash Dividend 8 Percent to $0.13 Per Share
  • PANW Palo Alto Networks Completes Acquisition of Expanse
  • AZO AutoZone authorizes additional stock repurchase
  • CSWI CSW Industrials Completes Previously Announced Acquisition of TRUaire
  • WPRT Westport Fuel Systems to Participate in Water Tower Research Virtual Fireside Series Event December 16th 12:00 pm PT
  • MHE MZA MYF MEN BlackRock Announces Results of Joint Special Shareholder Meeting Relating to the Reorganizations of Four Municipal Closed-End Funds
  • BSE BFY BNY BlackRock Announces Results of Joint Special Shareholder Meeting Relating to the Reorganizations of Three Municipal Closed-End Funds
  • WPG $1.05 Washington Prime in talks to convert $259.3M of bonds to $175M preferred equity
  • SRNE ($7.03) Form 8-K: Entry into a Material Definitive Agreement. On December 14, 2020, Scilex Pharmaceuticals , an indirect subsidiary of Sorrento Therapeutics, the Company, U.S. Bank National Association,..
  • AWH ($4.84) Form 8-K: of the Original 8-K to include additional disclosure regarding Dr. Brooks’ committee appointment. This Amendment does not otherwise amend, update or change any other disclosures contain..
  • PHX ($2.04) Form 8-K: Results of Operations and Financial Condition. On December 10, 2020, PHX Minerals issued a press release providing information regarding the Company’s fourth quarter and fiscal 2020 fin..
  • GEL ($6.88) Form 8-K: Entry into a Material Definitive Agreement. Underwriting Agreement On December 10, 2020, Genesis Energy, L.P. , Genesis Energy Finance and certain subsidiary guarantors of Genesis enter.
  • FB Facebook testing tool allowing users to pay celebrities for interaction
  • HUBG KBX Logistics/Georgia-Pacific Awards Hub Group Intermodal Carrier of the Year
  • IQ iQIYI Announces Proposed Offering of Convertible Senior Notes and Proposed Offering of American Depositary Shares
  • MITI ($0.02) Form 8-K: Entry into Material Definitive Agreement Sale and Issuance of Eagle Equities, Term Note Mitesco entered into a Securities Purchase Agreement and 12% Convertible Redeemable Note due Dec..

Possible Dip Buying Opportunities in the near future (Other suggestions appreciated):

Suggested Dip Trading Strategy

  • TOL: Poor guidance and headwinds in the real estate market (Reliable company though)
  • LEN: Dipping as a result of TOLL's guidance. Posturing for earnings on the 16th
  • SPWH: Dropping as analysts expect a decrease in revenue earned next year.
  • ITB: Real estate expected to cool off in the winter before popping again in the Spring
  • LMT: Typical post dividend dip
  • CRM: Dipping because investors assess they paid too much for the Slack purchase
  • KMX: Been trading sideways for nearly 6 months. Earnings on 12/22
  • BGFV: Post earnings/dividend dip
  • WM: Dumping after dividend. News Above: Resuming share repurchase program and upping dividend
  • WERN Missed in Revenue last ER. Looks oversold.

Offering News:

  • MTN Vail Resorts, Inc. Prices $500.0 Million Convertible Senior Notes Offering
  • TVAC Thayer Ventures Acquisition Corporation Announces Closing of $172.5 Million Initial Public Offering
  • AHCO AdaptHealth Announces Pricing of $500 Million 4.625% Senior Notes Due 2029
  • NCLH NCL Corporation Ltd. Announces Upsizing and Pricing of $850,000,000 of Senior Notes

Commodities:

  • Oil Edges Toward $47 Ahead of U.S. Coronavirus Vaccine Rollout

Other News & Analysis:

  • A Stock Trader’s Guide to the Global Covid Vaccine Rollout
  • TSLA TLRY Tesla Fated For Similar Downfall As Tilray, Stock To Hit $60-$80 Levels In 2021, Says Long-Term Bear
  • TAN Extending Solar Tax Credits Tentatively Linked to Covid Aid Deal
  • Nothing Can Get in the Way of Chinese EV Stocks—Not Even New Competition
  • MSCI MSCI Is Third Index Giant to Cull Chinese Stocks Banned by U.S.
  • FB AAPL Facebook's Latest Pot Shot At Apple: Hope EU Legislation Will 'Set Boundaries' For iPhone Maker
  • AMZN MSFT Amazon says bid for Pentagon cloud contract was superior to Microsoft
  • Fund Managers See Bitcoin Trade Crowded as Institutions Jump In
  • ZG LYFT PENN EA 3 Internet Stocks to Buy—and 1 to Hold—for 2021, According to Piper Sandler
  • DRI Olive Garden Owner Darden Is Analysts’ Post-Pandemic Pick

Upcoming Earnings:

COVID-19 Stats and News:

Macro Considerations:

Other

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WARNING: It is up to you to judge the accuracy and veracity of the above before trading. I take no responsibility for the accuracy of the information in this thread.


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