$CTXS

Unusually heavy option volume on today's open include $CSX, $CTXS, $RL, $FAST, and $PEP.

Unusually heavy option volume on today's open include $LIN, $NXPI, $VRTX, $NFLX, and $CTXS.

Notable gainers among liquid option names this morning include $TTWO (+6.5%), $PG (+4.3%), $NEM (+3.2%), $XLNX (+3.2%), and $CTXS (+2.9%),

Unusually heavy option volume on today's open include $KMX, $AVB, $NKE, $CTXS, and $MU.

Downgrades 11/5: $BGS $BLKB $CS $CTXS $CYRX $GIL $GRFS $IBP $LEVL $NKLA $NOMD $NPTN $NVS $PPL $PTON $PYPL $PZZA $QRVO $REGN $RMNI $SSYS $SWKS $TKC $TPIC $VMEO $ZG

RECAP 10/13 Chatter: $DKNG + NHL $M - No E-Commerce spin $BA - FAA Consider Engine redesign $CTXS + $AVGO (Gordon Haskett) $EA - FIFA Talks stall $TWTR + Conversation Ads $ZNGA+ $DIS Game collab? $UPS - $AMZN Cargo jet shopping $ORPH + Patent $CFRX + Patent $LULU + Footwear

Upgrades 10/12: $ABNB $ALV $AYI $ELY $GFI $HAL $KEX $KRC $LEA $MGM $PH $PTGX $RGA $SQ . Downgrades 10/12: $ADM $ADMS $AMKR $ATUS $CHTR $CTXS $EQNR $FBNC $FLXN $LITE $TREX

Unusually heavy option volume on today's open include $LUV, $CTXS, $EA, $PSX, and $HES.

TOP 10 on watch this week - CRSR $SAP $SONY $TER $TMUS $W $CTXS $FIVN $GPS $YETI

@everyone U.S. equity futures extend yesterday’s rally amid apparent progress on the debt-ceiling impasse in Washington, while in Europe, natural gas prices and power fell after Russia offered to ease Europe’s energy crisis as U.S. stocks are looking at a stronger open. Yesterday, the S&P 500 erased a -1.3% loss in its biggest reversal since February to settle modestly higher as investors grew more optimistic that congressional Democrats and Republicans could reach a deal to avert a government debt default with October 18th, the date Treasury Secretary Janet Yellen has estimated the government will run out of money and not be able to service its existing debts, if the ceiling remains in place. China markets and U.S. listed Chinese stocks (BABA, BIDU, JD) are rising as President Biden and his Chinese counterpart Xi Jinping agreed to hold a virtual summit by the end of the year. Late yesterday, top U.S. Senate Republican Mitch McConnell said his party would support an extension of the federal debt ceiling into December. The offer could provide an off-ramp to a months-long standoff between President Joe Biden’s Democrats and McConnell’s Republicans, who had been expected on Wednesday to block a third attempt by Senate Democrats to raise the $28.4 trillion debt ceiling. In Asian markets, The Nikkei Index rose 149 points to 27,678, the Shanghai Index remained closed for its Golden Week holiday, and the Hang Seng Index surged 735 points, or over 3% to settle at 24,701. The picture remains bright in Europe as well with the German DAX up 175 points to 15,150 and the FTSE 100 rising 67 points or nearly 1% to 7,060. The monthly nonfarm payroll report also in focus tomorrow. Market Closing Prices Yesterday · The S&P 500 Index gained 6.51 points, or 0.15%, to 4,363.55 · The Dow Jones Industrial Average rose 90.49 points, or 0.26%, to 34,416.99 · The Nasdaq Composite dropped -64.79 points, or 0.44%, to 14,501.91 · The Russell 2000 Index declined -26.67 points, or 1.19% to 2,214.96 Events Calendar for Today · 7:30 AM ET Challenger Layoffs for Sept · 8:30 AM ET Weekly Jobless Claims · 8:30 AM EST Continuing Claims · 10:30 AM ET Weekly EIA Natural Gas Inventory Data · 3:00 AM ET Consumer Credit for Aug Earnings Calendar: · Earnings Before the Open: CAG, HELE, LW · Earnings After the Close: ACCD Other Key Events: · China’s Caixin Services PMI for Sept · Piper Global Chemicals M&A Conference (virtual), 10/7 · International Conference on Molecular Targets & Cancer Therapeutics (virtual), 10/7-10/10 Consumer · Costco ($COST) reported net sales of $19.50 billion for the retail month of September, the five weeks ended October 3, 2021, an increase of 15.8% from $16.84 billion last year; Total Company Comparable Sales rose 14.3%, Sept E-Commerce Sales rose 10.6%, Sept total co. Comparable Sales ex-impacts of gas prices, foreign exchange rose 9.4% and Sept E-Commerce sales ex-impacts of gas prices, foreign exchange rose 9.6% · Levi Strauss ($LEVI) Q3 EPS $0.48 vs. est. $0.37; Q3 revs up 41% YoY to $1.5B vs. est. $1.48B; authorizes $200M share buyback; qtrly gross margin was 57.6% of net revenues, up from 54.3%; said qtrly DTC net revenues increased 34% due to increased revenues from our company-operated stores; sees 4q net rev growth 20-21% YoY · Resources Connection ($RGP) Q1 EPS $0.43 vs. est. $0.25; Q1 revs $183.1M vs. est. $175.7M; sees Q2 revs $186M-$190M vs. est. $176.9M · Carnival Cruise Line ($CCL) announced plans for more ship restarts for January and February, as it works towards the return of its full fleet sailing from U.S. homeports in the spring of 2022 · Life Time Group ($LTH) 39M share IPO priced at $18.00 Energy, Industrials and Materials · Crude futures extend Wednesday’s slump. WTI drops as much as 3.2% before recovering near $75.80. Brent follows similar price action, settling just shy of the $80 mark. · Emerson Electric Co ($EMR) is in talks to merge its software assets with industrial software company Aspen Technology Inc (AZPN), Bloomberg News reported on Wednesday, citing people with knowledge of the matter. https://bloom.bg/3AlySkj · U.S. Silica Holdings, Inc. ($SLCA) said to explore strategic alternatives for industrial & specialty products (ISP) segment · Rocket Lab USA ($RKLB) announced that it has been selected to launch NASA’s Advanced Composite Solar Sail System on the Electron launch vehicle. Financials · Chubb ltd ($CB) files mixed securities shelf · Credit Acceptance ($CACC) increased the size of its revolving secured line of credit facility from $340M to $385M · Realogy ($RLGY) forms strategic joint venture with Centerbridge Partners to accelerate growth of title insurance underwriter; Centerbridge to purchase controlling interest of Realogy’s title insurance underwriter for $210M in cash · RLI Corp. ($RLI) announced an estimated range of pretax catastrophe losses of $30M-$35M, net of reinsurance, in Q3 Healthcare · Denali Therapeutic ($DNLI) announced positive Phase 1 clinical results and regulatory progress for two investigational small molecule therapeutics in development for the treatment of amyotrophic lateral sclerosis, ALS, at the 2021 Annual Northeast ALS · SeaSpine Holdings Corp. ($SPNE) announced the successful completion of the first cases in both the United States and Australia for the 7D Percutaneous Spine Module · Moderna ($MRNA) announced it will build a mRNA facility in Africa with the goal of producing up to 500M doses of vaccines each year at the 50-microgram dose level; the company anticipates investing up to $500M in this new facility · Osmotica Pharmaceuticals ($OSMT) 14M share Spot Secondary priced at $2.50 · Theseus Pharmaceuticals ($THRX) 10M share IPO priced at $16.00 Technology, Media & Telecom · IAC/InterActiveCorp. ($IAC) has reached a roughly $2.7 billion deal to buy magazine publisher Meredith Corp. (MDP), with holders to receive $42.18 per share in an all-cash deal. As a result of the deal, Meredith will become part of DotDash, IAC’s digital-publishing division. · Dutch antitrust authority finds Apple ($AAPL) in-app payment system anti-competitive – Reuters reports citing sources; Dutch authority has ordered apple to change app store practices; Apple has appealed to Dutch court to block publication of regulatory decision · Alibaba ($BABA), Baidu ($BIDU), NetEase ($NTES), Didi Global ($DIDI) among U.S.-listed Chinese stocks rising as concerns around U.S/China trade relations and Evergrande’s debt crisis appeared to ease. Fund giant Fidelity is putting money back into Chinese stocks and thinks the recent “indiscriminate” selling caused by the debt crisis at property giant Evergrande is presenting opportunities in the country’s beaten up bond markets. Reuters reported. “There are companies that have seen good haircuts on their debt that are not justified,” Fidelity’s global Chief Investment Officer Andrew McCaffery said during a roundtable, adding that some other parts of Asia had also been impacted. · Twitter, Inc. ($TWTR) to sell MoPub to AppLovin Corp. (APP), a leading marketing software company, for $1.05 billion in cash. The transaction will enable Twitter to accelerate the development of owned and operated revenue products and drive growth · Citrix Systems Inc ($CTXS) said David j. Henshall steps down as president, chief executive officer and member of board of directors and Bob Calderoni appointed interim president and chief executive officer; sees Q3 revenue at midpoint to high end of guidance range of $765M-$775M vs. est. $778M

Wednesday, September 8, 2021 Futures Up/Down % Last Dow -36.00 0.10% 35,055 S&P 500 -3.25 0.08% 4,515 Nasdaq -13.50 0.09% 15,661 U.S. stocks are pointing to a slightly lower open just a day after finishing mixed as the Nasdaq Composite registered a record closing high for fourth consecutive session with Apple (AAPL) and Netflix (NFLX) touching all-time highs. This morning, the dollar is indicated higher while Treasury yields slip ahead of a $38 billion 10-year auction of new notes later this morning. Bitcoin prices extended declines Wednesday, following on from the cryptocurrency’s worst day in three months, as markets continue to digest the impact of El Salvador’s move to declare it as legal tender. In Asian markets, The Nikkei Index rose 265 points to 30,181, the Shanghai Index was little changed at 3,675 and the Hang Seng Index dipped -32 points to 26,320. In Europe, the German DAX is down over -135 points to hold just above 15,700, while the FTSE 100 is down about -40 points to 7,110. There were a handful of M&A deals announced overnight in various sectors in what is expected to be another light day of news on this holiday shortened week. The Delta variant, the China economy, slowing U.S. growth and jobs, travel impacts and the Fed remain prevalent themes heading into the Fall. Market Closing Prices Yesterday The S&P 500 Index dropped -15.40 points, or 0.34%, to 4,520.03 The Dow Jones Industrial Average fell -269.09 points, or 0.76%, to 35,100.00 The Nasdaq Composite edged higher 10.81 points, or 0.07%, to 15,374.33 The Russell 2000 Index declined -16.44 points, or 0.72% to 2,275.61 Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 4:30 PM ET API Weekly Inventory Data 10:00 AM ET JOLTS Job Openings for July 3:00 PM ET Consumer Credit for July Earnings Calendar: Earnings Before the Open: KFY, REVG Earnings After the Close: ABM, AVAV, BASE, CDMO, CPRT, CVGW, GME, HQY, INTA, MIND, RH, S, STRM Other Key Events: Barclay’s Global Consumer Staples Conference (virtual) 2021, 9/8-9/10 Barclay’s CEO Energy-Power Conference 2021 (virtual), 9/8-9/10 BTIG Cloud Communications and Collaboration Investor Forum (virtual), 9/8 Citigroup Annual BioPharma Conference (virtual), 9/8-9/10 Citigroup GEMS Conference 2021 (virtual), 9/8-9/10 Cowen 14th Annual Global Transportation & Sustainable Mobility Conference, 9/8-9/10 Credit Suisse 2021 Global Steel & Mining Conference (virtual), 9/8-9/10 Stephens Building Materials Investor Trip, 9/8-9/9 Wolfe Inaugural TMT Conference, 9/8-9/9 China CPI, PPI for August Macro Up/Down Last Nymex 0.98 69.34 Brent 0.87 72.56 Gold 3.60 1,798.00 EUR/USD -0.0021 1.1819 JPY/USD -0.07 110.21 10-Year Note -0.02 1.351% World News Japan Q2 GDP beat at +0.5% q/q vs 0.4% consensus; Japan Q2 GDP Annualized beat: 1.9% q/q vs 1.6% consensus and Japan July Current Account smaller surplus: JPY +1.91b vs JPY +2.30b cons Sector News Breakdown Consumer Coty ($COTY) 50M share secondary Block Trade priced at $8.53 Nio ($NIO) announces at-the-market offering of $2B of American depositary shares Casey’s General Stores ($CASY) Q1 EPS $3.19 vs. est. $2.96; Q1 revs $3.18B vs. est. $3.02B; said Q1 fuel gallons sold increased by 24.7% compared to FQ4 2021 ended April 30, 2021, while fuel margin increased 2.1¢ sequentially to 35.1¢ per gallon. That number is still below last year’s comparable quarter mark of 38.2¢ per gallon. Energy, Industrials and Materials Cheniere Energy ($LNG) declares an inaugural quarterly dividend of $0.33 per share, or $1.32 per share annualized; plans for about $1 bln of annual debt repayment, targeting investment grade consolidated credit metrics by the early-to-mid 2020s Chevron ($CVX), Delta ($DAL), and Google ($GOOGL) announced a memorandum of understanding to track sustainable aviation fuel test batch emissions data using cloud-based technology. Murphy Oil ($MUR) sees capital expenditure $685M-$715M, vs. est. $722.1M Financials Vertiv Holdings LLC ($VRT) to buy E&I Engineering Ireland Ltd., and its affiliate Powerbar Gulf LLC, in a deal valued at up to $2 billion. Separately, Vertiv cut its financial outlook, as worse-than-expected supply chain challenges are offsetting continued “robust” demand. https://on.mktw.net/38RtNEQ Coinbase Global Inc. ($COIN) said the SEC intends to sue it in court if it launches a planned program letting users earn interest on lending cryptocurrency; COIN said the SEC handed it a Wells notice in relation to its Coinbase Lend program, signaling its intention to sue the company in court. As a result, Coinbase said it won’t launch Lend until at least October. PayPal Holdings Inc. ($PYPL) agreed to buy Japanese “buy now, pay later” startup Paidy Inc. for about $2.7 billion, in a move that will boost its business in the world’s third-largest e-commerce market. https://on.mktw.net/3ncZkd1 MeridianLink Inc. ($MLNK) Q2 revs rose 38% to $68.5M vs. est. $67.4M; sees Q3 revs $62.9M-$63.5M vs. est. $62.2M; sees year revs $256.7M-$257.9M vs. est. $255.4M; sees FY adj Ebitda $112.3M-$113.5M Apollo Global ($APO) announced that clients managed by its affiliates have entered into a definitive agreement to acquire up to a 50% equity stake in MaxCap Group, a Australasian commercial real estate financier and fund manager Healthcare Sanofi SA ($SNY) entered into a definitive agreement to acquire U.S.-based biopharmaceutical company Kadmon Holdings Inc. ($KDMN) as Kadmon common stock will receive $9.50 a share in cash, representing a total equity value of about $1.9 billion on a fully diluted basis. https://on.mktw.net/3haEIOs Option Care Health ($OPCH)2M share Spot Secondary priced at $26.90 ICU Medical, Inc. ($ICUI) to acquire Smiths Medical division from Smiths Group plc for $2.35 billion in cash and stock plus the assumption of certain liabilities and a stock price performance-based earn-out India Globalization Capital ($IGC) announces the completion of its Phase 1 clinical trial on IGC’s cannabis-based investigational new drug, IGC-AD1, for patients suffering from Alzheimer’s disease Impel NeuroPharma ($IMPL) files to sell 3M shares of common stock Maravai ($MRVI) announces offering of 20M shares of Class A common stock for holders Ortho Clinical Diagnostics ($OCDX) files to sell 22M shares for holders Technology, Media & Telecom Elliott Management Corp. has a more than $1 billion stake in Citrix Systems Inc. ($CTXS) and wants the software company to take action to boost its lagging stock price, according to people familiar with the matter – WSJ https://on.wsj.com/3yOaCGN Analog Devices ($ADI) raises Q4 adjusted EPS view to $1.69 plus/minus 9c from $1.33 plus/minus 11c (est. $1.65) and raises Q4 revenue view to $2.3B plus/minus $70M from $1.78B plus/minus $70M (vs. est. $2.26B); to repurchase up to $2.5B of common stock Bumble ($BMBL) files to sell 15M shares of Class A common stock for holders Coupa Software ($COUP) 2Q adj EPS $0.26 vs est. ($0.06) on revs $179Mm vs est. $163Mm; guides 3Q adj EPS $0.01-0.03 vs est. ($0.08), sees 3Q revs $177-178Mm vs est. $168.8Mm; guides FY adj EPS $0.27-0.29 vs est. ($0.15), sees FY revs $706-708Mm vs est. $687.2Mm Smartsheet ($SMAR) 2Q adj EPS ($0.05) vs est. ($0.13) on sales $131.7Mm vs est. $125.5Mm; guides 3Q adj EPS loss $0.10-0.12 vs est. loss $0.11, sees 3Q revs $138-139Mm vs est. $129.9Mm; guides FY adj EPS loss $0.36-0.44 vs est. EPS loss $0.39, sees FY revs $530-533Mm vs est. $514.1Mm UiPath ($PATH) raises FY22 ARR view to $876M-$881M from $850M-$855M; 2Q ARR $726.5Mm +60%, revs $195.5Mm vs est. $184.3Mm, adj gr margin 86%, adj FCF ($3.5Mm); guides 3Q revs $207-209Mm

Unusually heavy option volume on today's open include $CB, $CTXS, $FITB, $SRE, and $ADBE.

Upgrades 4/21: $BECI $BRG $CERC $CPA $CRSP $CSX $CTXS $FE $FSLR $FSS $ISRG $MAT $MS $NCLH $NFLX $PEP $PNFP $TTD $UNH

Ben I like that $CTXS might have a nibble

$CTXS nice set up

twlo looks good still, crwd looks pretty good, ctxs looks good

keep an eye on $CTXS flow

Tomorrow morning earnings include $LUV, $AAL, $KO, $T, $CTXS, $TSCO

$CTXS Mar21 170C

7/23 BMO EPS Winners: $T, $NUE, $DHR, $KMB, $GWW, $TSCO, $CTAS, $HSY, $POOL, $PNR, $CTXS

Earnings for tomorrow before the open include $TWTR, $LUV, $AAL, $T, $DOW, $CTXS, $HSY, $STM, $PHM, $TRV, $TSCO, $FCX, $NUE, $GWW

I sold covered calls on $CTXS, $LULU...now regretting

got $CTXS based on the MSFT partnership news from last week, and this thing wouldn't stop...

Le perdi la pista a CTXS

Como ven CTXS