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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. A podcast of Stocks to Watch is also available on Sunday on Seeking Alpha, iTunes, Stitcher and Spotify.
The first full year of trading at the end of the year lays out the expectations for China-US telephone trade negotiations and a high-level US trade delegation to visit India. The minutes of the FOMC meeting are expected to be released on July 10, while consumer price and producer price reports are at the top of the economic calendar. The update of China's foreign exchange reserves on July 12 could also provoke strong reactions among dollar-yuan traders. SEMICON West in San Francisco, where the semiconductor industry spends a day in the sun, will be the focus. As the event approaches, the SPDR S & P Semiconductor ETF (NYSEARCA: XSD) is up 32% year-to-date, even as trading problems persist.
Notable earnings reports: There are only a few laggards left before the start of the second quarter results season of the week of July 15th. Monitor the information provided by PepsiCo (NASDAQ: PEP) and Levi Strauss (LEV) on July 9; Bed Bath & Beyond (NASDAQ: BBBY) and AAR Corp. (NYSE: AIR) July 10; Delta Air Lines (NYSE: DAL) and Fastenal (NASDAQ: FAST) on July 11 and Infosys (NYSE: INFY) on July 12. See the Seeking Alpha results calendar for a full list of reported results.
IPO watch: The IPO stock hangs arrive on Mmtec (NASDAQ: MTC) and MDJM (NASDAQ: MDJH) on July 8th. The quiet period expiries of the analyst on Crowdstrike (NASDAQ: CRWD) and Fiverr (NYSE: FVRR) are also scheduled for July 8, while analysts involved At the IPO, Chewy (NYSE: CHWY) can start buzzing on July 9th. The CRWD, FVRR and CHWY brands are all trading below their highs, but all are at least 30% higher at the price of their IPOs. Also note next week, Budweiser Asia's listing by Anheuser-Busch InBev (NYSE: BUD) is expected to be listed in New York on July 11, before making its debut in Hong Kong the following week. Anheuser-Busch sells for 1.6 billion of primary shares between 40 and 47 HKD dollars in hopes of raising $ 9.8 billion. The beer giant is considering repaying its debt and the new entity may be better placed to partner with local brewers such as ThaiBev (OTCPK: TBVPF) as a result of the split.
Expected evolution of the dividend (quarterly): Cummins (NYSE: CMI) at 1.20 USD from 1.14 USD, Delta Air Lines (DAL) at 0.41 USD from 0.35 USD, Occidental (NYSE: OXY) at 0.79 USD from 0.78 USD , Walgreens Boots (NASDAQ: WBA) at $ 0.48 from $ 0.44, Ryder (NYSE: R)) at $ 0.58c versus $ 0.54.
Spotlight on Delta: The next Delta Air Lines (DAL) results report should look pretty strong based on the airline's monthly traffic report. Delta is expected to generate a turnover of $ 12.5 billion for the quarter and EPS of $ 0.24. Analysts believe that Delta benefits from the grounding of the Boeing 737 MAX. The Delta conference call could expand on this issue and the third quarter guidance.
ASCEND: One of the largest technology conferences in Asia is scheduled to take place in Hong Kong from July 8th to 11th. Companies attending this event include Cisco (NASDAQ: CSCO), JD.com (NASDAQ: JD), Uber (NYSE: UBER), Spotify (NYSE: SPOT), AirAsia (OTCPK: AIABF), Didi Chuxing (DIDI) and Lenovo (OTCPK: LNVGY).
Automatic Alliance:The Volkswagen Supervisory Board (OTCPK: VWAGY) is expected to discuss the deepening of the alliance with Ford (NYSE: F) at a meeting on July 11th. The two manufacturers apparently agreed on the creation of an alliance on electric and autonomous vehicles.
Tidbits M & A: New developments could be envisaged as part of a potential deal between Broadcom (NASDAQ: AVGO) and Symantec (NASDAQ: SYMC). The deadline for Barrick Gold (NYSE: GOLD) to announce its intention to bid on Acacia Mining (OTCPK: ABGLF) is 9 July. LyondellBasell (NYSE: LYB) bid up to 37 million shares through a Dutch auction on July 8th.
SEMICON West 2019: After some bruising on Friday following Samsung's earnings report, semiconductor values regained their importance with a major industry event scheduled for July 9-11 in San Francisco. Analysts expect a somewhat cautious tone from companies presenting the unresolved US-China trade quarrel. Players featured at SEMICON include (NASDAQ: AMAT), TDK Showcases (OTCPK: TTDKY), Advantest (OTCPK: ATEYY), Nova (NASDAQ: NVMI), Ultra Clean Holdings (NASDAQ: UCTT), IBM (NYSE: IBM) and Lam Research (NASDAQ: LRCX). In the run-up to the event, Citi opened a negative catalytic watch on Entegris (NASDAQ: ENTG), while Cowen blocked KLA-Tencor (NASDAQ: KLAC) as the first choice in its sector. In parallel with SEMICON, the AMD Ryzen 3000 will be on the shelves next week. Ryzen laptops will follow later in the third quarter.
Data on drugs: Presentations to Watch Next Week include Sangamo Therapeutics (NASDAQ: SGMO) – Update from Pfizer (NYSE: PFE) on SB-525 Gene Therapy Data and UniQure (NASDAQ: QURE) on AMT-061 Data at Congress of the International Society on Thrombosis and Hemostasis in Australia. Array (NASDAQ: ARRY) is also scheduled to present its Phase 3 trial data at the European Society of Medical Oncology's Global Congress on Gastrointestinal Cancer in Barcelona
Taylor Swift: Amazon Music (NASDAQ: AMZN) has announced that Grammy Taylor Swift, who will participate in ten concerts, will feature the Prime Day concert scheduled for July 10, which will be broadcast live in 200 countries on Prime Video. Amazon hopes to add Premium subscribers from Swift's massive international fan base, eager to see the show.
CEO Investor Summit: The summit this year includes CEOs of ACM Research (NASDAQ: ACMR), Aehr Test (NASDAQ: AEHR), Alpha & Omega Semiconductor (NASDAQ: AOSL Axcelis (NASDAQ: ACLS), BE Semiconductor Industries (OTC: BESIY), Brooks (NASDAQ: BRKS), Cabot Microelectronics (NASDAQ: CCMP), Cohu (NASDAQ: COHU), CyberOptics (NASDAQ: CYBE), FormFactor (NASDAQ : FORM), Ichor Systems (NASDAQ: ICHR), InTEST Corporation (NYSEMKT: INTT), Intevac (NASDAQ: IVAC), Kulicke & Soffa (NASDAQ: KLIC), Nanometrics (NASDAQ: NANO), PDF Solutions (NASDAQ: PDFS) , Photon Control (OTC: POCEF), Pivot Systems, Rudolph Technologies (NYSE: RTEC), Soitec (OTC: SLOIF) and Veeco Instruments (NASDAQ: VECO)
The hour of the story: Macy's (NYSE: M) will unveil its second Story store next week in its flagship store in New York, featuring products from over 70 brands focused on summer and the outdoors. The theme of the outdoors will be replicated in the 35 other Macy stores with Story stores.
Sunosi: The US commercial launch of Sunosi by Jazz Pharmaceuticals (NASDAQ: JAZZ) begins next week. The FDA has approved the dopamine and norepinephrine reuptake inhibitor in March for the treatment of excessive daytime sleepiness associated with narcolepsy or obstructive sleep apnea.
Monitoring data: Reports on firearms background checks and restaurant sales are expected during the week. Cedar Fair (NYSE: FUN) may also release an update on attendance trends in a report that may also be of interest to Six Flags Entertainment (NYSE: SIX) and SeaWorld Entertainment (NYSE: SEAS).
Sales Reports: Costco (NASDAQ: COST) on July 10th and Buckle (NYSE: BKE) on July 11th.
Analyst / Investor Meetings: General Mills (NYSE: GIS) on July 9th and Wynn Resorts (NASDAQ: WYNN) on July 13th. The Wynn event will take place in the new property of the casino company, Encore Boston Harbor.
SpaceX becomes commercial: NASA will hold a teleconference for the media on July 9 to provide information on the Space Space Space Service's 18th replenishment mission (SPACE) to the International Space Station. The launch will include more than 50 experiments sponsored by the US National Laboratory. The demand for space research and development continues to grow as companies seek to take advantage of the unique environment aboard the space station. NASA says payloads for this mission include investigations by Fortune 500 companies, startups and academic institutions.
Box Office: Spider-Man: Sony's Far From Home (NYSE: SNE) is expected to dominate the US box-office weekend by winning $ 80 million on 4.6K theaters. Sony expects the latest version of Spider-Man is worth about $ 125 million for the long opening window of the film. Disney Story (NYSE: DIS) Toy Story 4 earns $ 32 million more, while Universal, Uesterday, would bring in $ 10 million during its second weekend.
Barron's mentions: The publication explores 11 categories of companies offering stronger growth prospects than their expected price / earnings ratios suggest. Bank of America (NYSE: BAC), BorgWarner (NYSE: BWA), Capri Holdings (NYSE: CPRI), CBS (NYSE: CBS), CVS Health (NYSE: CVS), Delta Air Lines (DAL), Goldman Sachs (NYSE) ): Kroger (NYSE: KR), Lennar (NYSE: LEN), PVH (NYSE: PVH) and United Rentals (NYSE: URI) complete the list of value choices. Meanwhile, a "Radio Shack Index" composed of stocks likely to continue struggling for ten years to develop economically is visible, including GameStop (NYSE: GME), JC Penney (NYSE: JCP), Blue Apron (NYSE: APRN) and perhaps Tailored Brands (NYSE: TLRD). In the run-up to an election year, Gray Television (NYSE: GTN) is considered the television title best placed to take advantage of the boom in political advertising. Finally, productive investors are reminded that the components of the S & P 500 index Dow (NYSE: DOW), Gap (NYSE: GPS) and Kraft Heinz (NASDAQ: KHC) all report a return of more than 5% .
Sources: CNBC, Nasdaq, EDGAR, Bloomberg,
Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.
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