Daily morning briefing

atom Daily Digest - October 13, 2020 Today's Premarket S&P 500 ▴ 0.09% Nasdaq ▴ 0.94% Russell 2K ▾ 0.60% We recently introduced a premium news and content feature called Atom Premium Morning Briefing - Mixed action in futures as investors digest first batch of Q3 earnings reports The S&P 500 futures trade four points, or 0.1%, above fair value, as investors review the first meaningful batch of Q3 earnings following yesterday's mega-cap-driven rally. The Nasdaq 100 futures outperform and trade 1.0% above fair value amid continued strength in those mega-caps. JPMorgan Chase (JPM 104.12, +1.68, +1.6%), BlackRock (BLK 653.69, +38.80, +6.3%), and Johnson & Johnson (JNJ 149.55, -2.29, -1.5%) each topped quarterly expectations, but shares of JNJ are trading lower after the company paused its COVID-19 vaccine clinical trials due to an unexplained illness in a patient. JNJ also issued upbeat FY20 guidance. Separately, Apple (AAPL 126.42, +2.02, +1.6%) and Amazon (AMZN 3493.21, +50.28, +1.5%) are extending their huge gains from yesterday and are contributing to the outperformance of the Nasdaq 100 futures. Apple's iPhone 12 event will begin at 1:00 p.m. ET today and Amazon's Prime Day is already underway. On the data front, investors will receive the Consumer Price Index for September (Briefing.com consensus 0.2%) at 8:30 a.m. ET and the Treasury Budget for September at 2:00 p.m. ET. Note, this edition of the Treasury Budget is often delayed to allow more time for fiscal year end reconciliation. U.S. Treasuries have reopened for trading near their flat lines. The 2-yr yield is flat at 0.15%, and the 10-yr yield is down one basis point to 0.76%. The U.S. Dollar Index is up 0.1% to 93.20. WTI crude futures are rebounding 2.3%, or $0.89, to $40.34/bbl. In U.S. Corporate news: JPMorgan Chase (JPM 104.12, +1.68): +1.6% after beating top and bottom-line estimates and issuing a provision for credit losses of $611 million, down $903 million from the prior year. Johnson & Johnson (JNJ 149.55, -2.29): -1.5% after temporarily pauses all dosing in its Janssen COVID-19 vaccine candidate clinical trials due to an unexplained illness in a study participant. The news has overshadowed its better-than-expected quarterly results and upside FY20 guidance. Walt Disney (DIS 130.25, +5.28): +4.2% after announcing a strategic reorganization of its media and entertainment businesses. BlackRock (BLK 653.69, +38.80): +6.3% after beating top and bottom-line estimates. Read Full Briefing Your Upcoming Events Oct 2020 29 AAPL Q4 2020 Apple Inc Earnings Release Earnings Oct 2020 29 AAPL Q4 2020 Apple Inc Earnings Call Earnings Call Recent Events Sep 2020 04 AAPL Apple Inc Split For TCXAPL.CHA - Ratio 4-1 Split Sep 2020 02 AAPL Apple Inc Split For AAPL34.SA - Ratio 13-10 Split Sep 2020 02 AAPL Apple Inc Split For AAPL.BA - Ratio 4-1 Split See All Events Recent Filings and Transcripts Ticker Type Title Date AAPL News 📄 Apple Inc. 8-K 08/20/2020 AAPL News 📄 Apple Inc. 8-K 08/07/2020 AAPL Financials 📄 Quarterly Report 07/31/2020 AAPL Earnings 📄 Q3 2020 Apple Inc Earnings Call 07/30/2020 AAPL News 📄 Apple Inc. 8-K 07/30/2020 See All Filings and Transcripts Disclosures

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