CAPIS Morning Note – 8/28/24: Nvidia Earnings Out After The Close

Earnings Out After The Close:

• IPOs For The Week: CUPR, GLXG, JBDI, PMAX, TDTH
• New IPOs/SPACs launched/News:
• IPOs Filed/Priced:
• Secondaries Filed or Priced:
  • NLSP: FORM F-1 - Up to 3,277,750 Common Shares Issuable Upon Exercise of Warrants
• Notes Priced:
• Direct Offering:
• Exchangeable Subordinate Voting Shares:
• Selling Shareholders of note:
  • OCS files for 361,011 shares of common stock offering by selling shareholder
• Debt/Credit Filing and Notes:
  • HD: FORM S-3ASR - Debt Securities
• Mixed Shelf Offerings:
• PIPE:
• Convertible Offering & Notes Filed:
• Capital Raise Summary From The TradeXchange, bringing traders and investors real time news and Squawk Box, and other sources.

Biggest Movers Up & Down After The Close:

• Movers Up: AMBA +18%, OCS +7.60%, JWN +7.2%, SMTC +6.2%, DRS +5.5%, BOX +5.1%, HLX +4%, AVPT +3.9%, ELF +2.8%, SPIR +2.6%, AVAV +2.3%, CIFR +2.1%.
• Movers Down: NCNO -10.2%, PVH -7.1%, LAMR -2%

News After Thsee Close :

• COST sees over 150 fleet drivers vote to authorize a strike. (Teamster.org)
• GVA awarded a $45 mln contract to reconstruct and modernize the John Wilkie Safety Roadside Rest Area along the Interstate 40 (I-40) corridor by the California Department of Transportation
• HLX announces new three-year charter and service contracts with PBR, aggregate estimated value of $786 mln
• SHAK to close nine company-owned stores in CA, OH, and TX; reiterates Q3 and FY24 guidance
• META to shut down Meta Spark's platform of third party tools, effective January 14, 2025
• AVAV awarded $990 mln U.S. Army contract to provide an organic, stand-off capability to dismounted infantry formations
• President Biden issues statement on prices for anti-obesity medications. (White House Statement)
• 10-Q Delays SPIR of note.
• NASDAQ Delisting Notice EGRX

Buybacks or Repurchases: Buybacks should be slow as most companies are in a blackout period as earnings season kicks into gear.

• ELF announces $500 million share repurchase program

Exchange/Listing/Company Reorg and Personnel News:

• NSP announces that its CFO has elected to retire on November 15, 2024; James Allison appointed successor
• UFPI CEO Matthew Missad to move to Executive Chairman; William Schwartz named CEO; CFO Mike Cole to add new role
• NKLA appoints Thomas Schmitt as Chief Commercial Officer

Dividends Announcements or News:

• Stocks Ex Div Today: PH EA ACT GFF CCS PSEC SPNS HEES
• Stocks Ex Div Tomorrow: HD XYL LH KNSL PIPR FBP CATY ZIM KLG FLNG SSTK GPRK DHIL
• LAMR increases quarterly cash dividend to $1.40/share from $1.30/share

What's Happening This Morning:Futures S&P 500 -1.25 NASDAQ 100 -9.50 Dow Jones -3 Russell 2000 -4.40. Asia is higher while Europe is higher ex the FTSE this morning.VIX Futures are at 15.60 from 15.75 yesterdaywhile Bonds are at 3.81% from 3.854% on the 10-Year. Crude Oil and Brent are lower with Natural Gas lower as well for a second day. Gold, Silver and Copper lower. The U.S. Dollar is higher versus the Euro, higher versus the Pound and higher against the Yen. Bitcoin is at $60,024 from $62,489 lower by -3.26% this morning.

• Daily Positive Sectors: Technology, Financial, Consumer Defensive and Healthcare of note.
• Daily Negative Sectors: Energy, Utilities, Communication Services and Consumer Cyclicals of note.
• One Month Winners: Real Estate, Utilities, Consumer Defensive, Technology and Healthcare of note.
• Three Month Winners: Technology, Real Estate, Healthcare, Financials and Utilities of note.
• Six Month Winners: Utilities, Technology, Communication Services, Financials, Real Estate and Consumer Defensive of note.
• Twelve Month Winners: Technology, Communication Services, Financials, Industrials, Utilities, and Healthcare note.
• Year to Date Winners: Technology, Communication Services, Utilities, Financials, Consumer Defensive and Healthcare of note.

Upcoming Earnings Of Note: (From Chartroom Software - sorted by market cap, highest to lowest with most visible names)

• Gap Up: AMBA +23.5%, WALD +14.1%, AVAV +8.5%, JWN +7.9%, BOX +7.6%, OOMA +7.5%, SWTX +6.9%, VNET +6%, SMTC +5.9%, YY +4.2%, AVPT +2.6%, ELF +2.5%, ICL +2.2%, OCS +2.2%, TWFG +2%

• Gap Down: NCNO -13.6%, PVH -8.3%, SPIR -1.8%

Insider Action: NN ETN CRKseeInsider buying with dumb short selling.None of note see Insider buying withsmart short sellers.

Rags & Mags: Repeated stories from prior days never listed, i.e. "rehashed news". Sorted by Global, U.S. and stock specific.

• 5 Things To Know Before The Stock Market Opens Today. (CNBC)
• Bloomberg Lead Story: Nvidia Earnings To Test August Rebound. (Bloomberg)
• Markets Wrap: Global stocks are on edge as Nvidia earnings out later today. (Bloomberg)
• Pre-Market Movers (CNBC)
• Bloomberg Odd Lots: A new way for the Fed to fight market crises. (Podcast)
• Marketplace: AI in the election. (Podcast)
• NY Times Daily: The war that won't end. (Podcast)
• Wealthion: Inflation is higher and the economy is weaker than you think. (Podcast)

M&A Activity and News:

• None of note.

Moving Averages On Major Indexes: Stays at 97% of the moving averages being positive.

Top Tier Sell-side Upgrades & Downgrades:

The recommendations listed below in this "Upgrade/Downgrade" section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting is to make the reader aware of market-moving recommendations. None of these recommendations should be interpreted as actual recommendations from CAPIS or its employees.

Upgrades: MT ILMN DKL

Downgrades: GCI

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