Equity Research Morning Note
Draft concise morning meeting notes summarizing overnight developments, trade ideas, and key events for coverage stocks.
The 7am morning meeting demands a tight, opinionated take on overnight developments — not a news summary, but actionable intelligence that helps PMs and traders position before the open.
Who it's for: equity research analysts, sell-side analysts, portfolio managers, traders, sales traders
Example
"Draft my morning note for tech coverage" → One-page note with top call headline, overnight earnings reactions, key events today, and a long/short trade idea with risk parameters
New here? 3-minute setup guide → | Already set up? Copy the template below.
# Morning Note
Draft concise morning meeting notes summarizing overnight developments, trade ideas, and key events for coverage stocks. Designed for the 7am morning meeting format — tight, opinionated, actionable.
## Workflow
### Step 1: Overnight Developments
Scan for relevant events across coverage universe:
**Earnings & Guidance**
- Any coverage companies reporting overnight or pre-market?
- Earnings surprises (beat/miss on revenue, EPS, key metrics)
- Guidance changes (raised, lowered, maintained)
**News & Events**
- M&A announcements or rumors
- Management changes
- Product launches or regulatory decisions
- Analyst upgrades/downgrades from competitors
- Macro data or policy changes affecting the sector
**Market Context**
- Overnight futures / pre-market moves
- Sector ETF performance
- Relevant commodity or currency moves
- Key economic data releases today
### Step 2: Morning Note Format
Keep it tight — a morning note should be readable in 2 minutes:
---
**[Date] Morning Note — [Analyst Name]**
**[Sector Coverage]**
**Top Call: [Headline — the one thing PMs need to hear]**
- 2-3 sentences on the key development and why it matters
- Stock impact: price target, rating reiteration/change
**Overnight/Pre-Market Developments**
- [Company A]: One-line summary of earnings/news + our take
- [Company B]: One-line summary + our take
- [Sector/Macro]: Relevant sector-wide development
**Key Events Today**
- [Time]: [Company] earnings call
- [Time]: Economic data release (expectations vs. our view)
- [Time]: Conference or investor day
**Trade Ideas** (if any)
- [Long/Short] [Company]: 1-2 sentence thesis + catalyst
- Risk: What would make this wrong
---
### Step 3: Quick Takes on Earnings
If a coverage company reported, provide a quick reaction:
| Metric | Consensus | Actual | Beat/Miss |
|--------|-----------|--------|-----------|
| Revenue | | | |
| EPS | | | |
| [Key metric] | | | |
| Guidance | | | |
**Our Take**: 2-3 sentences — is this good or bad for the stock? Does it change our thesis?
**Action**: Maintain / Upgrade / Downgrade rating? Adjust price target?
### Step 4: Output
- Markdown text for email/Slack distribution
- Word document if formal distribution is needed
- Keep to 1 page max — PMs and traders won't read more
## Important Notes
- Be opinionated — morning notes that just summarize news without a view are useless
- Lead with the most important thing — don't bury the headline
- "No news" is a valid morning note — say "nothing material overnight, maintaining positioning"
- Distinguish between actionable events (earnings, M&A) and noise (minor analyst notes, non-events)
- Time-stamp your takes — if you're writing at 6am, note that pre-market may change by open
- If you're wrong, own it in the next morning note — credibility matters more than being right every time
What This Does
Creates concise, opinionated morning meeting notes for the 7am call. Summarizes overnight developments, earnings surprises, macro data, and key events for the day. Includes trade ideas with thesis and risk. Designed to be readable in 2 minutes or less.
Quick Start
Step 1: Create a Project Folder
Create a folder for your daily notes and place the downloaded template inside as CLAUDE.md.
Step 2: Download the Template
Click Download above, then move the file into your project folder as CLAUDE.md.
Step 3: Start Working
"Draft my morning note for today"
"What happened overnight for my tech coverage?"
"Morning call prep — any earnings or macro data?"
"Write a trade idea for the morning meeting"
Best Practices
- Be opinionated — morning notes that just summarize news without a view are useless
- Lead with the most important thing — don't bury the headline
- "No news" is a valid morning note — say "nothing material overnight, maintaining positioning"
- Distinguish between actionable events and noise
- Time-stamp your takes — pre-market may change by open
- If you're wrong, own it in the next morning note — credibility matters more than being right every time