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Welcome to research actions to watch for Alpha – an overview of the key events planned for next week. Follow this account and enable e-mail alert to receive this article in your inbox every Saturday morning.
Investors still have trade issues on the agenda next week as talks between the United States and China are expected to continue. Although we know that the stock market risk is inherent in the stock price of a large number of US multinationals, the question remains to what extent companies with more than 50% of their income related to China, such as Wynn Resorts (NASDAQ: WYNN), Qualcomm (NASDAQ: QCOM), Micron (NASDAQ: MU), Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) retained? As for next week: expect tweets and volatility. As for the macro, a breathtaking day of economic reports comes in the middle of the week when reports on retail sales, manufacturing industries of the Empire State, industrial production, corporate stocks and a key index of the housing market all arrive on May 15. The coming week will also be the largest blockchain event of the year taking place in New York, upstream media, 13F deposits of hedge funds and the rise of investor conferences.
Notable earnings reports: Take-Two Interactive (NASDAQ: TTWO) May 13; Aurora Cannabis (NYSE: ACB), Tilray (NASDAQ: TLRY) and Ralph Lauren (NYSE: RL) on May 14; Cisco (NASDAQ: CSCO), Alibaba (NYSE: BABA), Macy's (NYSE: M) and Jack in the Box (NASDAQ: JACK) on May 15, Walmart (NYSE: WMT), Nvidia (NASDAQ: NVDA) ), Baidu (NASDAQ: BIDU), Applied Materials (NASDAQ: AMAT) and Pinterest (NYSE: PINS) on May 16; Deere (NYSE: DE) May 17th. See the Seeking Alpha Results Calendar section for a complete list of reported results.
Prices expected from the IPO: Chinese coffee Luckin Coffee (LK) is the star of the expected prices of its IPO next week. The list will be one of the largest of a US-based company in the United States this year. Luckin's goal is to raise up to $ 587 million, in a price range of between $ 15 and $ 17, by selling 30 million US depository shares, with each ADS representing eight shares ordinary. Luckin plans to open more than 4.5,000 collection stores before the end of the year, while its competitor Starbucks (NASDAQ: SBUX) is targeting 6,000 larger stores by 2022. Other upcoming awards in the IPO include ConversionPoint (CPTI). May 13, Bricktown Restaurant Group (BEER) May 14, Pimco Mortgage Income Trust (PMTG) May 15 as well as Avantor (AVTR) and Fastly (FSLY) May 15.
IPO lock exits: Vapotherm (NYSE: VAPO) May 13; Bain Capital Specialty Finance (NYSE: BCSF) and Weidai (NYSE: WEI) on May 14.
Expiration of periods of IPO inactivity: Pinterest (PINS) and Zoom Video Communications (NASDAQ: ZM) on May 13.
Expected evolution of the dividend (quarterly): Chubb (NYSE: CB) of 0.73 USD to 0.76 USD, Clorox (NYSE: CLX) to 0.99 € of 0.96 USD, Southwest Airlines (NYSE: LUV) to 0.20 USD of 0.16 USD, Marsh & McLennan (NYSE: MMC) to USD 0.45 from USD 0.415, Mosaic (NYSE): MOS) to USD 0.05 from USD 0.025, Northrop Grumman (NYSE: NOC) to USD 1.30 from 1, USD 20, Ashland Global (NYSE: ASH) at USD 0.275 from USD 0.25, CNO Financial (NYSE: CNO) at USD 0.11 from USD 0.10, FactSet (NYSE: FDS) Kilroy (NYSE: KRC) at $ 0.475 starting at $ 0.455 in Lennox (NYSE: LII) to $ 0.75 starting at $ 0.64 at Legg Mason (NYSE: LM) starting at $ 0.36 starting at $ 0.34 at Wennen Enterprises ( NASDAQ: WERN) at $ 0.11 starting at $ 0.09.
Tidbits M & A: The pricing period ends with the acquisition of Maxwell Technologies (NASDAQ: MXWL) by Tesla (NASDAQ: TSLA) on May 13th. The shareholders of Multi-Color (NASDAQ: LABL) must decide on the acquisition of Platinum Equity LLC by an affiliate in May 16. The acquisition of MedEquities Realty Trust (NYSE: MRT) for an amount of $ 600 million by Omega Healthcare Advisors (NYSE: IHO) is expected to close on May 17.
Upfronts: Media purchases begin to take place next week in the stores. The usual suspects: NBC (NASDAQ: CMCSA), Fox (NASDAQ: FOXA), ABC, CBS (NYSE: CBS), Univision (UVN), WarnerMedia (NYSE: T), Disney (NYSE: DIS) and The CW will all be present on their next shows. Note that Disney's presentation will include ESPN for the first time. Hulu and YouTube (NASDAQ: GOOG) are looking even further in the advertising industry. They both seek to reduce their reliance on interruptive forms of advertising to introduce new formats of advertising to reach an astonishing audience.
Spotlight on Nvidia: Analysts expect Nvidia (NVDA) to report a turnover of $ 2.20 billion for the first quarter and EPS of $ 0.81, although they observe may – be even more teleconferencing about spending on data centers, gaming activities and headwinds in China. Prior to the report, Oppenheimer announced that March's audits revealed that Nvidia's GPU channel inventory had returned to a normal level of 2.5 weeks, paving the way for a second-quarter growth in the core gaming segment. NVDA.
Spotlight on Chinese technology: Investors will closely follow the Chinese technology sector. Alibaba (BABA) and Tencent are expected to announce their first quarter results on May 15th, and Baidu (BIDU) is expected to release its own report on May 17th. Heavy investment in new growth channels China's e-commerce heavyweights are expected to generate significantly higher operating expenses in the first quarter and weigh on profit forecasts. This is a bit different from the big American groups (Apple, Facebook, Alphabet, Amazon and Microsoft), which recorded a more consistent 13% increase in their average operating costs for the first quarter and which did not sound the alarm. with tips.
Analyst / Investor Meetings: General Motors (NYSE: GM) is organizing a conference on "Business Hours" on May 13 with Financial Director Dhivya Suryadevara. Altra Industrial (NASDAQ: AIMC) announced that it would highlight the company's value-creating vision, business strategy, technology portfolio and growth prospects. Valvoline (NYSE: VVV) announced that its management team would discuss the business and present the company's long-term strategic vision on May 16th. Other calendar meetings include Fortive (NYSE: FTV) and Berry Petroleum (NASDAQ). : BRY) on May 16th.
FDA watch: The Agency's Oncology Drug Advisory Committee will review the NDA for Pexidartinib by Daiichi Sankyo (OTCPK: DSKYF). Pdufa dates also appear on the Regeneron Pharmaceuticals (NASDAQ: REGN) and Bayer (OTCPK: BAYZF) Eylea sBLA schedule in the treatment of nonproliferative diabetic retinopathy and GlaxoSmithKline syndrome (NYSE: GSK) at young children.
Wells Fargo Gaming Hospitality & Leisure Conference: From May 14 to May 15, representatives of private organizations will gather in Las Vegas with casinos and recreational players listed on the stock exchange. The companies present include Boyd Gaming Corporation (NYSE: BYD), Boyne Resorts (private), Caesars Entertainment Corporation (NASDAQ: CZR), Carrols RestaurantGroup Inc. (NASDAQ: TAST), Diamond Resorts Corporation (private), Eldorado Resorts (NASDAQ : Eri), Enterprise Rancheria (Private), Everi Holdings (NYSE: EVRI), Flynn Restaurant Group (Private), Fogo de Chao (Private), Full House Resorts (NASDAQ: FLL), GameCo (Private), Game Properties and (NASDAQ: GLPI), GGH Morowitz Gaming Advisors (Private), Golden Entertainment (NASDAQ: GDEN), Property Tour, Golden Nugget (Private), Hilton Grand Vacations (NYSE: HGV), Jacobs Entertainment (Private), MGM Resorts International (NYSE: MGM), Mohegan Gaming & Entertainment (Private), Monarch Casino & Resort (NASDAQ: MCRI), MotorCity Casino Hotel (Private), Penn National Gaming Inc. (NASDAQ: PENN), PlayAGS, Inc. (NYSE) : AGS), Pyxus International (NYSE: PYX), Rush Street Gaming (Private), Science Games (NASDAQ: SGMS), Seminole Hard Rock Hotel & Caso ino (private), SEVENROOMS (private), STR (private) and Twin River Management Group (NYSE: TRWH).
Bank of America Merrill Lynch 2019 Transportation & IndustrialsConference: The event scheduled for Boston on May 14 will include holdings of Union Pacific (NYSE: UNP), Norfolk Southern (NYSE: NSC), Flowserve (NYSE: FLS), Genesee & Wyoming (NYSE: GWR), Alta Industrial ( AIMC), Mesa Air (NASDAQ: MESA), Canadian Pacific (NYSE: CP), JB Hunt Transport Services (NASDAQ: JBHT), Schneider National (NYSE: SNDR) and Kansas City Southern (NYSE: KSU).
JPMorgan Conference on Technology, Media and Communications The TMT conference will be held in Boston May 14-16. The companies that are scheduled to lecture are Dolby Laboratories (NYSE: DLB), FireEye (NASDAQ: FEYE), Booking Holdings (NASDAQ: BKNG), CommScope (NASDAQ: COMM), Discover (NASDAQ: DISCA), Wayfair (NYSE: W ), Fortinet (NASDAQ: FTNT), MaxLinear (NYSE: MXL), Sinclair Broadcast Group (NASDAQ: SBGI), Western Digital (NASDAQ: WDC), Juniper Networks (NYSE: JNPR), Zynga (NASDAQ: ZNGA), Cypress Semiconductor (NASDAQ): CY) and Twitter (NYSE: TWTR).
Canaccord Cannabis Conference: After recently announcing that sales of marijuana-containing beverages could reach $ 600 million in the United States by 2022, the investment company is organizing a conference on May 15 and 16 for the entire cannabis industry. The cannabis players to appear are CV Sciences (OTCQB: CVSI), Village Farms International (NASDAQ: VFF), Nabis Holdings (OTCPK: INNPF), iAnthus (OTCQX: ITHUF), KushCo Holdings (OTCQB: KSHB), Green Thumb Industries (OTCQX: GTBIF), Supreme Cannabis (OTCQX: SPRWF), Aphria (NYSE: APHA), Stem Holdings (OTCQB: STMH), Cansortium (OTCPK: CNTMF) and CV Sciences (OTCQB: CVSI).
Monitoring data: Whirlpool (NYSE: WHR) may experience some volatility when the Appliance Manufacturers Association publishes its April shipment data by May 15th. Containerboard and containerboard prices are expected for May 17th from Pulp Paper Week. The prices read may fluctuate between Westrock (NYSE: WRK), Cascades (OTCPK: CADNF), International Paper (NYSE: IP), Packaging Corp. of America (NYSE: PKG), Graphic Packaging (NYSE: GPK) and Domtar (NYSE: UFS). ) up or down.
Internet of the world of things: The IoT innovation will be exhibited in Santa Clara from May 13th to 16th. The speaker lineup includes Aniela Kuzon (Ford) (NYSE: F), Larry De Shon (CEO) of Avis Budget (CAR), Lisa Riachi (T), Lisa Riachi, CTO Health of CVS Health (NYSE: CVS) – Claus Jensen, Siemens USA (OTCPK: SIEGY) Chief Executive Officer Barbara Humpton, Alan Boehme, Head of Technology and IT Innovation, Procter & Gamble (NYSE: PG) and Bonny Simi from JetBlue & # 39; s (NASDAQ: JBLU).
Blockchain Week: Dozens of leaders of major cryptography companies will attend the annual de facto industry summit in New York, as well as political and academic personalities. Representatives of established companies such as Humana (NYSE: HUM), Credit Suisse (NYSE: CS), Fidelity Investments, BNY Mellon (NYSE: BK), Microsoft (NASDAQ: MSFT), JPMorgan (NYSE: JPM) will be also present. [Will we hear anything about JPM Coin?], Oracle (NYSE: ORCL) and Amazon (NASDAQ: AMZN). Bitcoin prices (BTC-USD) have skyrocketed after three of the last four periods of Block Chain Week, giving traders something to watch for. Bitcoin still retains its + 6K handle, trading $ 6,765.74 at the time of publication.
Notable annual meetings: A highly controversial board vote will be held on May 16, when Gannett (NYSE: GCI) holds its annual meeting. Shareholders will vote on the nominees to MNG Enterprises' board of directors and the hostile takeover bid. Other less volatile meetings are set for Interface (NASDAQ: TILE) on May 13; Dine Brands (NYSE: DIN), Loews (NYSE: L) May 14; Akamai Technologies (NASDAQ: AKAM) and AMD (NASDAQ: AMD) on May 15; Yum Brands (NYSE: YUM), Hasbro (NASDAQ: HAS) and L Brands (NYSE: LB) on May 16 and Intercontinental Exchange (NYSE: ICE) on May 17.
Box Office: Would you believe that Disney (DIS) Avengers is expected to bring in an additional $ 75 million this weekend in the United States? Detective Pikachu of Warner (T) Pokémon is expected to debut with a very respectable $ 55 million budget. No other film exceeds $ 15 million for the weekend.
Barron's mentions: 1-800-Flowers (OTC: FLSW) stands out one day ahead of Mother's Day as a small capitalization trading below its historical valuation with a solid balance sheet. The asset-light approach in Cronos (NASDAQ: CRON) involving a third-party marijuana producer is being called into question after a difficult quarter for the Canadian cannabis society. In the transportation sector, UPS (NYSE: UPS) is about to deliver and J. B. Hunt (JBHT) is called a game of chance in intermodal transport. Uber (NYSE: UBER) will debut in Saturday morning's routine. "Uber generates quarterly losses of $ 1 billion without loss of profitability," says Andrew Bary. He notes that the market value of UPS is not greater than that of Uber and yet it is about to earn $ 6.5 billion this year after taxes. James Anderson, of Baillie Gifford, told Tesla (TSLA) in an interview with the publication: "We were also confused by the company's change of tone with respect to the capital increase", said the portfolio manager. "Although we have reservations about some things at Tesla, we are optimistic about the company's leadership in the industry, and Tesla is six to seven years ahead of the competition in product and battery technology," he said. he adds.
Sources: CNBC, Nasdaq, EDGAR, Reuters, Bloomberg, Mojo Box Office
Editor's Note: This article describes one or more securities that are not traded in a major US market. Please be aware of the risks associated with these stocks.
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