Catalyst watch: Fed meeting, earnings blitz, Oracle AI event, and a pure-play hockey stock
4 minuti di lettura
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Read more about the events that may impact stock prices next week.
Monday - October 26
- Volatility watch - Applied Materials
AMAT and Marvell
MRVL have seen options volatility increase over the last week. The most overbought stocks per their 14-day Relative Strength Index include Hasbro
HAS, AMN Healthcare
AMN, and Box
BOX. The most oversold stocks per their 14-day Relative Strength Index include Advasa Holdings
ADBT, Glass House Brands
GLAS, and Carpenter Tech
CRS. Short interest is elevated again on Xponential Fitness
XPOF and indie Semiconductor
INDI.
- Dividend watch - Companies that have an ex-dividend date coming next week include Caterpillar
CAT, Alcoa
AA, Costco
COST, and Morgan Stanley
MS.
- Earnings watch - Notable companies due to report include Verizon
VZ, Welltower
WELL, Nucor
NUE, Public Storage
PSA, Brown & Brown
BRO, and Celestica
CLS.
- IPO watch - The quiet period expires on Accelevation
ACCV and Chilwa Materials CCHWM to free up analysts to post ratings. The IPO lockup period expires for blocks of shares of SpaceX
SPCX and Pershing Square USA
PSUS. The SpaceX
SPCX share being released for sale represent 7% of the total restricted shares.
- All day - Oracle's
ORCL flagship AI conference will begin in Las Vegas. The main speakers at Oracle AI World will be co-CEOs Mike Sicilia and Clay Magouyrk.
- All day - The three-day Intuit Connect conference will begin. Intuit
INTU CEO Sasan Goodarzi will open the conference with a speech.
- All day - Wayfair's
W three-day Way Day sales event will wrap up.
Tuesday - October 27
- Earnings watch - Notable companies due to report include Visa
V, Coca-Cola
KO, HSBC
HSBC, Boeing
BA, S&P Global
SPGI, and UPS
UPS. Options trading implies a double-digit share price move for JetBlue
JBLU, Galaxy Digital
GLXY, and NXP Semiconductors
NXPI following their reports.
- All day - Madison Square Garden Sports MMSGS will spin off the New York Rangers as MSG Rangers Corp. (MSGR), along with the Hartford Wolf Pack and the MSG Training Center. The remaining company will be renamed MSG Knickerbockers Corp. (MSGK) and keeps the Knicks and Westchester Knicks.
- All day - Notable investor events include Celestica's
CLS Investor Day and Aritzia's
ATZAF Investor Day.
- All day - The go-shop period ends on the acquisition offer from H.I.G. Capital for Mistras
MG. The stock trades above the $20.35 offer price.
- 8:30 a.m. The September Durable Goods Orders will be released by the U.S. Census Bureau.
Wednesday - October 28
- Earnings watch - Notable companies due to report include Alphabet
GOOGL
GOOG, Microsoft
MSFT, T-Mobile
TMUS, Chipotle
CMG, eBay
EBAY, and GE Vernova
GEV. Options trading implies a double-digit share price move for Frontier Group
ULCC, Wingstop
WING, and Tenable
TENB following their reports.
- All day - The New Orleans Investment Conference will begin. Described as the longest-running investment event in the world, the agenda features a focus on gold, silver, mining stocks.
- All day - Apple
AAPL will hold a product event. Macs are expected to be the main focus, led by the touchscreen MacBook Pro and the new M6 MacBook Pro and iMac. A redesigned OLED iPad mini is also expected.
- 2:00 p.m. The Federal Reserve will announce its interest rate decision. Federal funds futures trading implies a 12% probability of a 25-point rate increase.
- 2:30 p.m. Federal Reserve Chairman Kevin Warsh will hold a press conference.
Thursday - October 29
- Earnings watch - Notable companies due to report include Amazon
AMZN, Eli Lilly
LLY, Mastercard
MA, Intel
INTC, Merck
MRK, Caterpillar
CAT, Shell
SHEL, Anheuser-Busch InBev
BUD, and Altria
MO. Options trading implies a double-digit share price move for Xerox
XRX, Reddit
RDDT, and Roblox
RBLX following their reports.
- 8:30 a.m. The first read on Q3 GDP will be released by the Bureau of Economic Analysis. Economists forecast 3.0% growth.
- 8:30 a.m. The October core PCE price index report will be released. Economists forecast a 3.1% increase for the headline rate in the closely watched inflation gauge.
- 8:30 a.m. GFL Environmental
GFL will hold its earnings conference call amid reports that a sale announcement could come during the week.
- 5:00 p.m. Amazon
AMZN will hold its earnings conference call. Key topics will include AI capex plans and the impact on free cash flow, AWS expectations, an update on advertising growth, and color on the Anthropic (ANTHRO) stake. Options trading implies a share price move of 8% after the report is released. Suppliers that generate more than 30% of their revenue from Amazon and usually move in tandem with it on earnings day include Pattern Group
PTRN, Aterian
ATER and Credo Technology
CRDO.
Friday - October 30
- Earnings watch - Notable companies due to report include ExxonMobil
XOM, Abbvie
ABBV, Chevron
CVX, and BP
BP. Options trading implies a double-digit share price move for Autonation
AN and Capri Holdings
CPRI following their reports.
- All day - It is the rank date for the rebuild of the Russell U.S. Index.
- All day - The antitrust waiting period for the MarineMax
HZO acquisition by a Blackstone
BX company ends.
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