General

6 total posts

Morning Note – 1/9/19

News CAPIS News General

General

posted by CAPIS on 01/09/2019 at 2:28 pm
by CAPIS on 01/09/2019

In After Hours Trading IPOs on deck: IPOs will pick back up in the next couple weeks now that we are in 2019, Secondaries pricing this morning NYMT and expect it to trade higher. IPO Filings After The Close: Secondary Filings: NYMT GTN AMRS common stock. Courtesy of IPO Financial Earnings After The Close: Missed: SGH $-0.02 KSHB $0.07 Lower Guidance: SGH Index Additions: NEO to join S&P 600 on open 1/14. Dividend Cuts: TOO News After The Close: The World Bank lowers growth worldwide to 2.9%. Skyworks Solution (SKWS) cuts Q1 guidance, Apple supplier. Sirius (SIRI) beats 2018 subscriber guidance, raises 2019 estimates. Antero Resources (AR) forecasts 2019 production increases by 17 to 20% and a lower capital budget. Gives guidance for the year as well. Federal Reserve Board to raise state member banks stress tests. Comment period to 2/19/19. Herbalife (HLF) Michael Johns the Executive Chairman is back as Interim CEO after CEO Richard Goudis resigns  due to failing to adhere to company standards. Bloomberg reports CBS Corp (CBS) Board to discuss Viacom (VIAB) merger. Hourly Action This Past Week: Stocks saw some early weakness and then again from 2:00-3:00 p.m. but for the most part is it was a positive day. Courtesy of Quantitative Partners, Inc. What’s Happening This Morning: U.S. futures: S&P +11.50, Dow Jones +124,…

In After Hours Trading IPOs on deck: IPOs will pick back up in the next couple weeks now that we are in 2019, Secondaries pricing this morning NYMT and expect it to trade higher. IPO Filings After The Close: Secondary Filings: NYMT GTN AMRS common stock. Courtesy of IPO Financial Earnings After The Close: Missed: SGH $-0.02 KSHB $0.07 Lower Guidance: SGH Index Additions: NEO to join S&P 600 on open 1/14. Dividend Cuts: TOO News After The Close: The World Bank lowers growth worldwide to 2.9%. Skyworks Solution (SKWS) cuts Q1 guidance, Apple supplier. Sirius (SIRI) beats 2018 subscriber guidance, raises 2019 estimates. Antero Resources (AR) forecasts 2019 production increases by 17 to 20% and a lower capital budget. Gives guidance for the year as well. Federal Reserve Board to raise state member banks stress tests. Comment period to 2/19/19. Herbalife (HLF) Michael Johns the Executive Chairman is back as Interim CEO after CEO Richard Goudis resigns  due to failing to adhere to company standards. Bloomberg reports CBS Corp (CBS) Board to discuss Viacom (VIAB) merger. Hourly Action This Past Week: Stocks saw some early weakness and then again from 2:00-3:00 p.m. but for the most part is it was a positive day. Courtesy of Quantitative Partners, Inc. What’s Happening This Morning: U.S. futures: S&P +11.50, Dow Jones +124,…

Trust CAPIS Experience in a Volatile Market

News CAPIS News General

General

posted by CAPIS on 03/05/2018 at 1:18 pm
by CAPIS on 03/05/2018

It’s baaacccck…volatility, that is. Over the past year, volatility was virtually absent from equity markets. From November 4, 2016, to the peak of January 26, 2018, the S&P 500 returned a staggering 41.2% on a total return basis. The VIX (Chicago Board Options Exchange SPX Volatility Index) hovered near record lows, dropping to 8.56 on November 24, 2017. January’s 5.73% gain in the S&P 500 was the index’s best start to a year since 1990. That tranquility disappeared in early February, with both the S&P and Dow dropping into correction territory, and the VIX hitting a high of 50 on February 6, 2018. Those big moves continued throughout February, with the S&P logging its worst monthly drop in two years. So, what happened? Like the Mad Libs we played as kids, you can fill in the blank for why you think the market dropped so quickly: the January jobs report that was too good; concerns over stronger-than-expected inflation; fears of an aggressive pace of Federal interest-rate hikes; the blackout period for share repurchases; or computer-driven selling creating a snowball effect. Regardless of the reason, volatility is back. The sudden spike in volatility put a squeeze on shorts and caused many…

It’s baaacccck…volatility, that is. Over the past year, volatility was virtually absent from equity markets. From November 4, 2016, to the peak of January 26, 2018, the S&P 500 returned a staggering 41.2% on a total return basis. The VIX (Chicago Board Options Exchange SPX Volatility Index) hovered near record lows, dropping to 8.56 on November 24, 2017. January’s 5.73% gain in the S&P 500 was the index’s best start to a year since 1990. That tranquility disappeared in early February, with both the S&P and Dow dropping into correction territory, and the VIX hitting a high of 50 on February 6, 2018. Those big moves continued throughout February, with the S&P logging its worst monthly drop in two years. So, what happened? Like the Mad Libs we played as kids, you can fill in the blank for why you think the market dropped so quickly: the January jobs report that was too good; concerns over stronger-than-expected inflation; fears of an aggressive pace of Federal interest-rate hikes; the blackout period for share repurchases; or computer-driven selling creating a snowball effect. Regardless of the reason, volatility is back. The sudden spike in volatility put a squeeze on shorts and caused many…

Letter from CEO Kristi Wetherington: 2018 Updates

News CAPIS News General

General

posted by CAPIS on 02/15/2018 at 11:22 am
by CAPIS on 02/15/2018

To our valued clients and partners, I want to update you on the innovations happening at CAPIS. Between new leadership and an expanded list of products, 2018 is sure to hold great opportunities for our company and clients. Tim Hall was unanimously elected President by the Board of Directors and took over the position on January 15. Tim joined CAPIS in 1987 and most recently served as Chief Financial Officer and Treasurer. He has been extremely instrumental in the success of CAPIS as an Executive Committee member since 2005 and is taking actions to move our company forward. Building on our transition management successes in 2017, CAPIS is committing to an expansion of services to the plan sponsor and consultant community. Additions to our transition management group will also serve to support program trading and derivatives. Additionally, CAPIS is partnering with Clearpool Group, Inc. to provide the buy-side with tools to better control and analyze routing protocols for best execution with complete transparency. Clients can leverage the Clearpool AMS to customize algorithms and take a hands-on approach to electronic trading. Building on our commitment to transparency and compliance, CAPIS has created a MiFID II-level reporting capability. By allocating research expenditures…

To our valued clients and partners, I want to update you on the innovations happening at CAPIS. Between new leadership and an expanded list of products, 2018 is sure to hold great opportunities for our company and clients. Tim Hall was unanimously elected President by the Board of Directors and took over the position on January 15. Tim joined CAPIS in 1987 and most recently served as Chief Financial Officer and Treasurer. He has been extremely instrumental in the success of CAPIS as an Executive Committee member since 2005 and is taking actions to move our company forward. Building on our transition management successes in 2017, CAPIS is committing to an expansion of services to the plan sponsor and consultant community. Additions to our transition management group will also serve to support program trading and derivatives. Additionally, CAPIS is partnering with Clearpool Group, Inc. to provide the buy-side with tools to better control and analyze routing protocols for best execution with complete transparency. Clients can leverage the Clearpool AMS to customize algorithms and take a hands-on approach to electronic trading. Building on our commitment to transparency and compliance, CAPIS has created a MiFID II-level reporting capability. By allocating research expenditures…

CAPIS European Close May 20th, 2016

News CAPIS News General

General

posted by Clayton Duff on 05/20/2016 at 12:45 pm
by Clayton Duff on 05/20/2016

An encouraging end to the week with markets rebounding from a lunch pull-back to close at early morning highs. Healthcare led on the day with some big names higher on the day. Media and Tech also saw gains with Basic Resources regaining some of their recent losses. The Euro has held steady at the 1.12 level but the Pound has pulled back with the stronger Dollar capping oil gains today. Semiconductor equipment-maker Aixtron closed up 9.6% on word they are looking to sell themselves to a Chinese investor group with hopes of €5.5/share. Post a NIH approval, Novartis closed up 1.8% on its approval of their Zykadia drug for treating non-small-cell lung cancer. As we noted this morning Unicredit +7.6% is looking to offload assets with Reuters noting they see the bank testing the waters for selling their payment processing operations. Financial services firm Close Brothers +5.5% said they are confident of delivering a satisfactory outcome for the year post noting 3Q client assets up 2%. Britain’s antitrust authority said that to get an approval for the merger with Coral Group, Ladbrokes +6.5% will need to sell as many as 400 shops. the CMA said the companies operate in 659 areas where…

An encouraging end to the week with markets rebounding from a lunch pull-back to close at early morning highs. Healthcare led on the day with some big names higher on the day. Media and Tech also saw gains with Basic Resources regaining some of their recent losses. The Euro has held steady at the 1.12 level but the Pound has pulled back with the stronger Dollar capping oil gains today. Semiconductor equipment-maker Aixtron closed up 9.6% on word they are looking to sell themselves to a Chinese investor group with hopes of €5.5/share. Post a NIH approval, Novartis closed up 1.8% on its approval of their Zykadia drug for treating non-small-cell lung cancer. As we noted this morning Unicredit +7.6% is looking to offload assets with Reuters noting they see the bank testing the waters for selling their payment processing operations. Financial services firm Close Brothers +5.5% said they are confident of delivering a satisfactory outcome for the year post noting 3Q client assets up 2%. Britain’s antitrust authority said that to get an approval for the merger with Coral Group, Ladbrokes +6.5% will need to sell as many as 400 shops. the CMA said the companies operate in 659 areas where…

CAPIS European Close March 9th, 2016

News CAPIS News General

General

posted by Marcus McNeal on 03/09/2016 at 11:16 am
by Marcus McNeal on 03/09/2016

Europe ended the day broadly higher with the STOXX600 +.49% finishing well off highs. All sectors, except Travel & Leisure -.25%, ended the day in the green with Media 1.25% leading. Basic Resources +1.19% ended the day in second place after underperforming most of the session helped by mining names which jumped on the strength in oil. Crude +4.08% moved positive early in the session and continued higher with a spike higher on the inline EIA data showing only a 3.88M barrel build in inventory. Volumes were 17% lower today versus 5-day average. According to Iran Daily earlier today ArcelorMittal -1.75% had signed a $1b deal to produce iron ore in the country. However, the company has since come out and said there was no truth to the story and it was “wholly inaccurate”. E.ON -2.70% has written down the value of its coal and gas-fired power plants which resulted in the co. reporting its biggest annual loss ever. The company’s net loss was €7b versus a €6.4b estimates. They are still moving forward with a €0.50/share dividend for 2015. Despite opening net 330 store in 56 different markets Inditex +1.73%, parent company to Zara, said that they would be cutting the rate of store openings since many consumers…

Europe ended the day broadly higher with the STOXX600 +.49% finishing well off highs. All sectors, except Travel & Leisure -.25%, ended the day in the green with Media 1.25% leading. Basic Resources +1.19% ended the day in second place after underperforming most of the session helped by mining names which jumped on the strength in oil. Crude +4.08% moved positive early in the session and continued higher with a spike higher on the inline EIA data showing only a 3.88M barrel build in inventory. Volumes were 17% lower today versus 5-day average. According to Iran Daily earlier today ArcelorMittal -1.75% had signed a $1b deal to produce iron ore in the country. However, the company has since come out and said there was no truth to the story and it was “wholly inaccurate”. E.ON -2.70% has written down the value of its coal and gas-fired power plants which resulted in the co. reporting its biggest annual loss ever. The company’s net loss was €7b versus a €6.4b estimates. They are still moving forward with a €0.50/share dividend for 2015. Despite opening net 330 store in 56 different markets Inditex +1.73%, parent company to Zara, said that they would be cutting the rate of store openings since many consumers…

Subscribe to Stay Informed

Stay informed by subscribing to information that matters to you. We'll email you when we post new content you want to see.