July 6, 2023 7:56am

While sitting back and watching, hopefully from a beach or a pool

Pre-open Indication: 2 Negative and 1 Positive Indication

News: Agenus (AGEN) with an S-3ASR or S-3 (prospectus with B. Riley Securities name on it, filed 6/23/23) filed with SEC is an offering of common, preferred warrants and debt securities coming – SOON < https://investor.agenusbio.com/node/20046/html  >

My interpretation of the morning’s numbers is written to be informative; it’s built on what happened or will happen behind the headline today, not yesterday with a bit for tomorrow.

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8:00 a.m. edition

Remember that overnight and pre-open actions in futures don't necessarily translate into actual trading in the coming day’s session. My interpretation of the morning’s numbers is written to be informative; it’s built on what will happen behind the headlines today, not tomorrow or yesterday

 

Dow futures are DOWN -00.48% or (-165 points), S&P futures are DOWN -0.49% or (-21 points) and NASDAQ futures are DOIWN -0.49% or (-74 points) early in the pre-open – so far

Stock futures fell Thursday,

European stock markets were lower,

Asia-Pacific markets saw sharp losses after minutes from the U.S. Federal Reserve revealed that the central bank was split on its decision to pause its rate hikes in June and sees more hikes ahead at a slower pace.

 

Henry’omics:

We need to more than consider the economic environment - rising rates and inflation to comprehend the micro re “our” universe of cell and gene therapy companies …

The shortened trading week resumed Wednesday after a short session Tuesday and Wednesday’s July 4th holiday. The major indexes logged modest losses.

The Dow closed DOWN -129.83 points (-0.38%), the S&P closed DOWN -6.77 points (-0.20%) while the Nasdaq closed DOWN -25.12 points (-0.18%

Economic Data Docket: ADP private payrolls data for June and initial jobless claims; S&P Global services PMI and ISM services PMI are also to be released. 

 

RegMed Investors’ (RMi) closing bell: “the sector is not irrational, it’s relatively normal as more skepticism resounds. Opportunity is co-dependent on the paucity of news, upcoming net Q2 losses and depreciating runways.” … https://www.regmedinvestors.com/articles/13030

 

Ebb and flow:

Q3: 1 vacation day (short session, 1 holiday and 1 negative close

Q2/23 -

·         June -1 Holiday, 9 negative and 11 positive closes

·         May – 10 negative and 12 positive closes

·         April ended - 1 holiday, 8 positive close and 11 negative closes

Q1/23 –-

·         March – ended with 10 positive and 13 negative closes

·         February – 1 holiday, 2 vacation, 7 negative and 8 positive closes

·         January – 2 holidays, 11 positive and 9 negative closes

 

Companies in my headlights – It’s your decision; I provide ideas and context: INDICATIONS

Pre-open Indication: I consider a pause but, will check in periodically

A pop in the aftermarket –

Wednesday’s closing price, aftermarket dollar ($) and cent ($0.00) value and percentage (%)

BioLife Solution (BLFS) closed down -$1.10 with a positive +0.41 or +2.01% aftermarket indication

 

Negative indications:

Wednesday’s closing price, aftermarket dollar ($) and cent ($0.00) value and percentage (%)

CRISPR Therapeutics (CRSP) closed up +$0.53 with a negative -$0.43 or -0.76% pre-open indication

Vericel (VCEL) closed down -$1.15 with a negative -$0.69 or -1.90% aftermarket indication

 

he BOTTOM LINE:

I follow the dictum, quoting Churchill that “short words are best, and the old words when short are best of all, as I try to keep it simple and short!

WHO is a work this week, I’m half in watching - periodically. No rain after the past few days … catch some rays as I move more loam and mulch.

It’s supposed to be vacation week!

Earnings are about to be ready for release – questions are …RUNWAYS on track for further growth?

"Time in the market is better than timing the market" is investing wisdom that's maintained its relevance for a reason.” <Nasdaq>

I hate to be so negative or contrarian but, this is a NO spin zone and truth is its product; I can always be WRONG but, I am mostly EARLY!

More bad news, approximately 700 workers were laid off from Massachusetts life sciences companies in the Q2/23.

 

Opinions expressed are those of the author and are subject to change, and not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

All investments are subject to risks. Investors should consider investment objectives.

Whether information or intelligence is good, bad or somewhere in between; I put into context what is relevant and useful for investors.  All investments are subject to risks. Investors should consider investment objectives.

Regulation Analyst Certification (Reg AC): The research analyst primarily responsible for the content of this report certifies the following under Reg AC: I hereby certify that all views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is or will be, directly or indirectly, related to the specific recommendations or views expressed in this report.

Henry McCusker, the editor and publisher of RegMed Investors does not hold or have positions securities referred to in this publication.