Welcome to Seeking Alpha’s Stocks to Gaze – a preview of key events scheduled for the next week. Phrase this story and turn the e-mail alert on to receive this text for your inbox every Saturday morning. A podcast of Stocks to Gaze shall be available on Sundays on Seeking Alpha, iTunes, Stitcher and Spotify.
The headline event next week is the Federal Open Market Committee assembly and discover-up presser with Jerome Powell online page for June 19 at 2: 30 p.m. S&P expects the Fed to signal at its June protection assembly next week that it intends to initiate lowering rates. Correct now, federal funds futures trading is pricing in two rate cuts ahead of the spoil of the twelve months, but easiest a 23% likelihood of a in the reduction of at the June assembly. Also obvious to show some heads, conference season is operating rotund swing and the IPO market continues to throw off some warmth with Fiverr (NYSE: FVRR), Past Meat (NASDAQ: BYND), and Chewy (NYSE: CHWY) taking the sting off the fresh Uber and Lyft debuts. The tariff saga looks a minute improved heading into next week after some companies equivalent to RH (NYSE: RH) and Oxford Industries (NYSE: OXM) soared as their tariff work-arounds impressed. Somehow, the week ends with a trading flurry as Slack Technologies (WORK) fires off its irregular screech itemizing of shares on June 20 and quadruple witching day arrives on June 21.
Indispensable earnings stories: Adobe Systems (NASDAQ: ADBE), Jabil (NYSE: JBL) and La-Z-Boy (NYSE: LZB) on June 18; Oracle (NYSE: ORCL), American Outside Brands (NASDAQ: AOBC) and Winnebago (NYSE: WGO) on June 19; Crimson Hat (NYSE: RHT), Darden Eating locations (NYSE: DRI), Hide Enhance (NYSE: CGC) and Kroger (NYSE: KR) on June 20; CarMax (NYSE: KMX) on June 21. Perceive Seeking Alpha’s Earnings Calendar for the total checklist of earnings newshounds.
IPO gaze: Stoke Therapeutics (STOK) is anticipated to tag its IPO on June 18, whereas Akero Therapeutics (AKRO), Atreca (BCEL), Dermavant Sciences (DRMT), Grocery Outlet Holdings (GO), Personalis (PSNL) and Prevail Therapeutics (PRVL) are all slated to tag on June 20.
IPO mild interval/lockup expirations: Aloof sessions spoil on Rattler Midstream (NASDAQ: RTLR), Ideaya Biosciences (NASDAQ: IDYA) and Bicycle Therapeutics (NASDAQ: BCYC) on June 17. Within the intervening time, portion lockups expire on Amarant (NASDAQ: AMTB), LiveXLive Media (NASDAQ: LIVX) and Datasea (NASDAQ: DTSS) on June 17 – as neatly as Cardiol Therapeutics (OTCPK:CRTPF) on June 18. Over in Tokyo, some shares of SoftBank Corp. (OTCPK:SOBKY) are also because of be freed up on June 17.
Projected dividend changes (quarterly): Darden (DRI) to $0.84 from $0.75, Fifth Third (NASDAQ: FITB) to $0.24 from $0.22, Kroger (KR) to $0.155 from $0.14, Medtronic (NYSE: MDT) to $0.54 from $0.50, John Wiley (NYSE: JW.A) to $0.34 from $0.33, Shoe Carnival (NASDAQ: SCVL) to $0.085 from $0.080.
M&A tidbits: Shareholders at Hide Enhance (CGC) vote on the acquisition of Acreage on June 17. Hide says the deal to fabricate Acreage represents a clear course for the firm to enter the U.S. cannabis market when it turns into correct on a federal level. The subtle offer on Apollo Global Management’s acquisition of Natty & Final Stores (NYSE: SFS) expires on June 17.
Highlight on Slack: Slack Technologies (WORK) expects to be valued by merchants at $16B to $17B when the workspace chat/collaboration instrument firm lists shares on June 20 in a straight away itemizing. For the fiscal twelve months ending in January, Slack expects to churn up earnings of $590M (+50% Y/Y) but estimates for the backside line vary broadly. Per public filings, Slack’s shares have confidence traded at prices ranging from $8.37 to $31.50 per portion in the private market.
Paris Air Scream: Expectations are operating slightly low for the 53rd version of the Paris Air Scream amid worries on world economic traits, alternate squabbles and the dramatic 737 Max grounding. Orders have a tendency to be worn and unique-product announcements aren’t anticipated. Boeing (NYSE: BA) says it may perhaps per chance showcase its huge fluctuate of enterprise and protection products, products and services and technologies at the event which runs from June 17-23 at Paris-Le Bourget Airport. The firm hopes its presence and activities at the showcase will point to its dedication to innovation, industry partnerships and security. Whereas Boeing has extra than 5,500 industrial planes on its backlog price nearly $400B, the Seattle aerospace disadvantage took appropriate 32 unique orders for 737 aircraft. Airbus (OTCPK:EADSY) will introduce its lengthy-fluctuate A321 variant and may perhaps perhaps divulge a multi-billion greenback make clear for the XLR from Saudi Arabian Airlines in Paris. Within the intervening time, Embraer (NYSE: ERJ) will receive the first KC-390 multi-mission airlift configured to operate with the Brazilian Air Power to Paris. On the deal front, Norwegian Air Shuttle (OTCPK:NWARF) heads into Paris with M&A talks swirling and a joint press conference between United Technologies (NYSE: UTX) and Raytheon (NYSE: RTN) looks extra than mildly engaging.
Key analyst/investor meetings: Tyson Meals (NYSE: TSN) is scheduled to host its Investor Day event on June 20. The firm’s fluctuate of proteins, products, alternate fashions, distribution channels and geographies will all be mentioned. Tyson’s exit from Past Meat (BYND) and originate of an different protein is also mentioned. Final month, Tyson guided for rotund-twelve months sales of $43B. Yet every other key assembly in the week ahead will doubtless be Merck’s (NYSE: MRK) first investor day in five years on June 20. Credit ranking Suisse calls the event a crucial one for the firm to construct out a longer-interval of time imaginative and prescient and highlight components that can drive extra upside, even though no necessary unique gradual-stage asset announcements are anticipated. Other meetings on the calendar consist of AAR (NYSE: AIR) on June 17; Cabot Microelectronics (NASDAQ: CCMP), Shopify (NYSE: SHOP) and Matthews World (NASDAQ: MATW) on June 19 and Raymond James Monetary (NYSE: RJF) on June 21.
Transports test: Bank of The United States Merrill Lynch hosts meetings with Used Dominion Freight Line (NASDAQ: ODFL) on June 18-19 in an event that may perhaps perhaps perhaps have confidence huge implications. “These meetings are neatly timed, as quantity weak point suggests we is doubtless to be coming into a cyclical downturn which may perhaps perhaps stress margins and earnings all the way in which thru the carriers,” previews BAML. Retain an explore on trucking stocks equivalent to J.B. Hunt Transport (NASDAQ: JBHT), Knight-Swift Transportation (NYSE: KNX), Landstar Systems (NASDAQ: LSTR), Schneider Nationwide (NYSE: SNDR) and Heartland Inform (NASDAQ: HTLD).
Crypto gaze: Fb (NASDAQ: FB) is anticipated to originate a white paper on a brand unique cryptocurrency next week. The checklist of corporations signed up as merchants in a consortium entails Paypal (NASDAQ: PYPL), Uber (NYSE: UBER), Visa (NYSE: V) and Mastercard (NYSE: MA). The white paper may perhaps perhaps point to how important of a threat Fb’s Libra will doubtless be to Bitcoin (BTC-USD), Ethereum (ETH-USD), XRP (XRP-USD), EOS (EOS-USD) and gang.
FDA gaze: FDA motion dates reach for Merck’s (MRK) Keytruda treatment for treatment-resistant tiny cell lung most cancers and Pfizer’s (NYSE: PFE) Inlyta take hang of cell carcinoma treatment.
Marine Money Week: The necessary birth conference runs in Current York Metropolis from June 17 to June 19. The agenda of audio system entails Noble Corporation (NYSE: NE), SEACOR Marine Holdings (NYSE: SMHI), Tidewater (NASDAQ: TW), Eagle Bulk Shipping (NASDAQ: EGLE), Genco Shipping & Trading (NYSE: GNK), Golden Ocean Management (NASDAQ: GOGL), DHT Holdings (NYSE: DHT), Teekay Tankers (NYSE: TNK), Euronav (NYSE: EURN), World Seaways (NYSE: INSW) and Stable Bulkers (NYSE: SB). The Seeking Alpha Knowledge crew plans to put up updates from the positioning.
Raymond James Life Sciences and MedTech Conference: The company’s conference runs in Current York from June 18-19. Firms because of make an appearance consist of Sensus Healthcare (NASDAQ: SRTS), Benefit Clinical (NASDAQ: MMSI), 5 Top Therapeutics (NASDAQ: FPRX), Amneal Prescribed capsules (NYSE: AMRX), Cantel Clinical (NYSE: CMD), TransEnterix (NYSEMKT: TRXC), Zynex (NASDAQ: ZYXI), ANI Prescribed capsules (NASDAQ: ANIP), Otonomy (NASDAQ: OTIC), Lannett (NYSE: LCI), Voyager Therapeutics (NASDAQ: VYGR), Allogene Therapeutics (NASDAQ: ALLO), Mallinckrodt (NYSE: MNK), Ocular Therapeutics (NASDAQ: OCUL), Senseonics (NYSEMKT: SENS), Ra Prescribed capsules (NASDAQ: RARX), Alphatec (NASDAQ: ATEC), Quotient Restricted (NASDAQ: QTNT), Teleflex (NYSE: TFX), Precision Biosciences (NASDAQ: DTIL), Allogene Therapeutics (ALLO), Integra LifeSciences (NASDAQ: IART),
Oppenheimer’s 19th Annual User Enhance & E-Commerce Conference: The checklist of participants entails FlexShopper (NASDAQ: FPAY), Tupperware Brands (NYSE: TUP), Monro (NASDAQ: MNRO), Lowe’s (NYSE: LOW), Dollar General (NYSE: DG), Vector Neighborhood (NYSE: VGR), Denny’s (NASDAQ: DENN), United Natural Meals (NYSE: UNFI), Current Age Beverages (NASDAQ: NBEV) and Freshpet (NASDAQ: FRPT). Procuring for a price take? Heading into the event, Oppenheimer previewed that it sees the threat-reward profile on BJ’s Eating locations (NASDAQ: BJRI) as too stunning to brush aside. BJ’s will doubtless be at the consumer conference on June 19.
Jefferies 2019 User Conference: Firms with displays and fireplace chats scheduled to happen in Nantucket from June 18-19 consist of Gap (NYSE: GPS), Container Store (NYSE: TCS), Vitamin Shoppe (NYSE: VSI), The Meet Neighborhood (NASDAQ: MEET), Lands’ Terminate (NASDAQ: LE), Avon Products (NYSE: AVP), Nu Pores and skin (NYSE: NUS), Herbalife (NYSE: HLF), Planet Health (NYSE: PLNT), Yeti (NYSE: YETI), Sysco (NYSE: SYY), Wayfair (NYSE: W) and Dunkin’ Brands (NASDAQ: DNKN).
The instant of it: Rapid hobby on Lyft (NASDAQ: LYFT) is at 55.4% of complete drift vs. Uber (UBER) at 13.9%, whereas instant hobby has piled up to 45.4% situation on Past Meat (BYND). Tesla (NASDAQ: TSLA) instant hobby is at 35.4% of drift or about $9.74B in bets. That’s aloof below the $13.1B in instant hobby in Alibaba (NYSE: BABA) and $10.1B in Apple (OTC:APPL), even though the proportion of complete drift is easiest at 3.15% and 1.28% respectively for the tech giants.
Indispensable annual meetings: Shareholders at J. Alexander’s (NYSE: JAX) will vote on board nominees and the restaurant operator’s equity incentive belief on June 20. Things may perhaps perhaps not be so ho-hum at Alphabet (GOOG, GOOGL) with employees and shareholders participating on a demonstration for the shareholder assembly online page for June 19. The converse will abet a favorable vote for proposals that ban NDAs in harassment and discrimination cases, tie exec compensation to the firm’s fluctuate targets and require a human rights impact evaluate for the aptitude censored search engine in China.
Credit ranking card stories: Chargeoff stories are due on June 17 from JPMorgan (NYSE: JPM), American Inform (NYSE: AXP), Bank of The United States (NYSE: BAC), Citigroup (NYSE: C), Capital One Monetary (NYSE: COF), Stare Monetary (NYSE: DFS) and Synchrony Monetary (NYSE: SYF).
Stock splits: Dynex Capital (NYSE: DX) is scheduled to enforce a 1-for-3 reverse inventory split on June 21.
Industry name: Chanticleer Holdings (NASDAQ: BURG) is scheduled to host a name on June 17 to focus on its acquisition of a extremely complementary better burger mark with “industry main metrics” and its proposed rights offering.
Field place of job: A somewhat mild week is setting up for U.S. field place of job with Males in Black: World anticipated to lead with $30M for its debut at 4.2K theaters. Original’s (NASDAQ: CMCSA) The Secret Life of Pets 2 is forecast to herald $25M, whereas Disney’s (NYSE: DIS) Aladdin is seen producing $16M. Warner Bros.’ (NYSE: T) Shaft is anticipated to debut with a $14M weekend.
Barron’s mentions: United Technologies (UTX) and Raytheon (RTN) would rally in reduction if the merger of the protection contractor equals became once to be called off, speculates Andrew Bary. “A knottier scenario would anticipate if the merger goes forward. Traders would be getting a cheaply valued aerospace and protection conglomerate, but they would also must tolerate being stuck in deal limbo except the closing, anticipated in the first half of of 2020, he writes. Amazon’s (NASDAQ: AMZN) push for one-day birth is seen adding fees for retail outlets as they push to send out functions and up their fraud-detection game. Deep price is seen on McKesson (NYSE: MCK), Cardinal Health (NYSE: CAH) and AmerisourceBergen (NYSE: ABC) for lengthy-interval of time merchants. The drug stocks are mentioned to have confidence been expose down too a ways over concerns on declining prices for generic capsules, opioid liability court cases and D.C. laws.
Sources: CNBC, Nasdaq, EDGAR, Bloomberg, MIT Technology Review
Leave a comment
Sign in to post your comment or sign-up if you don't have any account.