Welcome to search Alpha's shares to see – a preview of key events scheduled for next week. Follow this account and turn on email notification to receive this article in your inbox every Saturday morning.
Time to look after the market had its best two-month run this year. The earnings season goes down with Target (NYSE: TGT), Kroger (NYSE: KR) and Costco (NASDAQ: COST) reporting out of retail and largely blanks out of the rest. Investors will follow the work report in February closely when it rolls out on March 8. Economists expect the economy to add 185k jobs during the month and unemployment to 3.9%. Keep an eye on average hourly earnings, seen as rising + 3.3% Y / Y and + 0.3% M / M. Across the pond, an agreement from the European Central Bank on March 7 is followed by President Mario Draghi's press conference, and one another Brexit vote may interfere with British stocks.
Remarkable Earnings Reports: Salesforce.com (NYSE: CRM), YY (NASDAQ: YY) and Ctrip.com (NASDAQ: CTRP) March 4; Target (TGT), Ambarella (NASDAQ: AMBA), Kohls (NYSE: KSS) and Urban Outfitters (NASDAQ: URBN) March 5; Yext (NYSE: YEXT), Dollar Tree (NASDAQ: DLTR), Abercrombie & Fitch (NYSE: ANF), American Eagle Outfitters (NYSE: AEO) March 6; Costco (COST), Octa (NASDAQ: OKTA), Kroger (KR) and American Outdoor Brands (NASDAQ: AOBC) March 7; Navistar International (NYSE: NAV), Vail Resorts (NYSE: MTN) and Big Lot (NYSE: BIG) March 8. See Searching Alpha's Performance Calendar for the complete revenue reporting list.
IPO activity: It is starting to get a little more interesting in the IPO market after a snail's pace in most 2019. Lift (LYFT) filed for its IPO, while Peloton (PTON) and Chinese coffee chain Luckin both move in that direction. Lift hopes to draw a valuation of between $ 20B and $ 25B. Next week IPO pricings are expected for Shockwave Medical (SWAV) March 6 and Futu (FHL) March 7. There are also periodic outflows for Alector (NASDAQ: ALEC) on March 4 and both Harpoon Therapeutics (NASDAQ: HARP) and Gossamer Bio (NASDAQ: GOSS) on March 5.
Projected dividend changes (quarterly): Applied Materials (NASDAQ: AMAT) to $ 0.22 from $ 0.20, American Tower (NYSE: AMT) to $ 0.87 from $ 0.84, Colgate -Palmolive (NYSE: CL) to $ 0.44 from $ 0.42, Danaher (NYSE: DHR) to $ 0.18 from $ 0.16, General Dynamics (NYSE: GD) to $ 1.02 from $ 0.93, Kohls ( KSS) to $ 0.67 from $ 0.61, Ross Stores (NASDAQ: ROST) to $ 0.26 from $ 0.225, Big Lots (BIG) to $ 0.33 from $ 0.30, Cabot Micro (NASDAQ: CCMP) to $ 0.46 from $ 0.40, Gentex (NASDAQ: GNTX) to $ 0.12 from $ 0.11, Horace Mann (NYSE: HMN) to $ 0.295 from $ 0.285, Hill-Rom (NYSE: HRC) to $ 0.21 from $ 0.20 and US physiotherapy (NASDAQ: USPH) to $ 0.26 from $ 0.23, Merck KGaA (OTCPK: MKGAY) to € 1.30 from € 1.25.
459006] Another wrinkle in the US-China trade battle will be held next week with the start of the National People's Congress in Beijing. The Chinese government wants Parliament to vote on a new foreign investment law that can offer some protection to companies operating in China and intellectual property. Progress from the political front-rally meeting can move the ball forward for Chinese traders who want to get a broad deal with their US counterparts.
Analysts / investor meetings: Energy magazines Chevron (NYSE: CVX) and Exxon Mobil (NYSE: XOM) have been meeting on 5 March and 6 March respectively. The trading counter (NASDAQ: TTD) and Qualys (NASDAQ: QLYS) also meet on March 6. Iridium (NASDAQ: IRDM) also has its analyst day on March 7th. In the technology sector, presentations from CEO Matthew Desch, CFO Thomas Fitzpatrick. The company says that participants can expect to gain unique insight and knowledge about Iridium's business activities and prospects.
M&A Times: Nutrisystem Shareholders (NASDAQ: NTRI) will vote for the $ 1.4 billion offer from Tivity Health (NASDAQ: TVTY) on March 5. Nutrisystem's shareholders will receive $ 38.75 per share in cash and 0.2141 Tivity Health shares for each portion of Nutrisystem held.
eTail Asia: E-commerce and digital marketing conference for Asia's leading retailer innovator takes place in Singapore from 5-7. March. Companies that send speakers include Deja Fashion, Oreal (OTCPK: LRLCY), Kimberly-Clark (NYSE: KMB), Fung Retailing, Facebook (NASDAQ: FB), Under Armor (NYSE: UAA), Crocs (NASDAQ: CROX), Procter & Gamble (NYSE: PG), Intel (NASDAQ: INTC), Levi Strauss (LEVI), Adidas (OTCQX: ADDYY), IKEA, Flip Chart (NYSE: WMT) and JD.com (NASDAQ: JD).
Air traffic reports: Monthly traffic reports are due next week across the airline industry. Along with the February figures, Q1 guidance updates could be revealed by some companies. Watch the American Airlines Group (NASDAQ: AAL), Mesa Air (NASDAQ: MESA), Spirit Airlines (NASDAQ: SAVE), United Continental (NASDAQ: UAL), Alaska Air (NYSE: ALK), SkyWest (NASDAQ: SKYW) , JetBlue (NASDAQ: JBLU), Southwest Airlines (NYSE: LUV) and Allegiant Travel (NASDAQ: ALGT) after the sector was sold Friday after cuts / price reductions from Deutsche Bank.
JPMorgan Aviation, Transportation and Industrial Conferences: Companies due to presentation include Air Lease (NYSE: AL), Dover (NYSE: DOV), Air Products (NYSE: APD), Lockheed Martin (NYSE: LMT), Norfolk Southern (NYSE: NSC) Rockwell Automation (NYSE: ROK), Honeywell (NYSE: HON), LyondellBasell (NYSE: LYB), Roper Technologies (NYSE: ROP), United Airlines (UAL), CH Robinson Worldwide (NASDAQ: CHRW ), Delta Air Lines (NYSE: DAL), Canada's Pacific (NYSE: CP), CSX (NYSE: CSX), Union Pacific (NYSE: UNP), Watsco (NYSE: WSO), Southwest Airlines LUV), JetBlue (JBLU) , Ecolab (NYSE: ECL), Fortive (NYSE: FTV), American Airlines (AAL), Ryder (NYSE: R), Kratos (NASDAQ: KTOS),
Raymond James Institutional Investors Conference: A Wide Range of companies go to Florida 4-5 March for the conference. Look for Polaris executives (NYSE: PII), Wintrust Financial (NASDAQ: WTFC), Enerplus (NYSE: ERF), Fortress Transport and Infrastructure Investors (NYSE: FTAI), CyrusOne (NASDAQ: CONE), Mylan (NASDAQ: MYL) Tollbrothers (NYSE: TOL), TD Ameritrade (NASDAQ: AMTD), Ares Capital (NASDAQ: ARCC), Aflac (NYSE: AFL), La-Z-Boy (NYSE: LZB), Cardlytics (NASDAQ: CDLX) BB & T (NYSE: BBT), Qorvo (NASDAQ: QRVO), Synovus (NYSE: SNV), Dine Brands Global (NYSE: DIN), i3 Verticals (NASDAQ: IIIV), Stanley Black & Decker (NASDAQ: HABT), Cognex (NASDAQ : CGNX) and Leggett & Platt (NYSE: LEG) to speak.
Green Trucks: Green Truck Summit is scheduled for March 5. The Carlton Rose provides the main key address, while commercial trucks from Mercedes-Benz (OTCPK: DDAIF), Nissan (OTCPK: NSANY), Isuzu (OTCPK: ISUZY), Ford (NYSE: F), Mack Trucks (OTCPK: VOLVF) and General Motors ( NYSE: GM) everyone will be in the house as well. Last year, Volvo Trucks announced that the company supplied all-electric waste trucks and distribution wagons to customers. "Our close cooperation with drivers and customers has allowed us to develop electrified transport solutions that meet high performance, driving distance, cargo handling and vehicle requirements in a short time," noted top Volvo Trucks exec.
EV Breakthrough: Tesla (NASDAQ: TSLA) will be beaten next week following the company's dramatic announcement of a $ 35K model 3 for the mass market. Loup Ventures analyst Gene Munser points out that before tax credit and cost savings, model 3 is now cheaper than the Audi A4 ($ 37,500), the Mercedes C class ($ 41,000) and the BMW 3 series ($ 40,000). "The timing of the $ 35k configuration is a few months earlier than most analysts were expecting, increasing our confidence in the company's ability to exceed 2019 Street's expectations for the 300k model 3 deliveries. This compares to the company's 300-500k guidance and is up from 146k in 2018, "writes Munster. Shares of Tesla are down 11% YTD.
The Vegas trial: A hearing is scheduled in March in the long-standing legal battle that breathes Hong Kong businessman Richard Suen against Las Vegas Sands (NYSE: LVS) and chairman Sheldon Adelson. Suen has claimed since 2004 that he owes money to help Sand Land's lucrative license to operate casinos in Macau. Adelson will miss the hearing due to ongoing health issues that also kept him out of the Q4 income conference.
Taxation: Senator Brian Schatz plans to roll out a bill that proposes a financial transaction tax next week. The Hawaiian Democrat claims the proposal could raise nearly $ 800b for the federal government over a decade with a 0.1% tax on stocks, bonds and derivatives.
Box office: DreamWorks Animations "(NASDAQ: CMCSA) How to train your dragon: The hidden world is expected to peak weekend book office by generating $ 32M at over 4.2K theaters in the US Lionsgate (LGF.A) , LGF.B) A Madea Family Funeral is expected to complete others in the opening weekend with a $ 22 million figure in over 2.4K theaters.
Barron mentions: Big Pharma diver in gene therapy is analyzed. (NASDAQ: QURE) Regenxbio (NASDAQ: RGNX) Audent's Therapeutics (NASDAQ: BOLD), Solid Biosciences (NASDAQ: SLDB), Meira GTx Holdings (NASDAQ: MGTX) and Voyager Therapeutics (NASDAQ: VYGR) are designated as potential winners. that the large stock price decline in food stores does not necessarily make them appetizing, the stable growth of old days for Hershey Foods (NYSE: HSY), Hormel Foods (NYSE: HRL), Kellogg (NYSE: K), General Mills (NYSE: GIS) and Campbell Soup (NYSE: SPB) have been disturbed by "deep, durable" changes in how consumers buy food. Gaps (NYSE: GPS) spinoff by Old Navy can lead to unlocked value in both companies, reasons Teresa Rivas. Meanwhile, things are not so alluring to L Brands (NYSE: LB). Mallen's dealer is said to be in structural decline. Jack Hough takes a hard look at Weight Watchers (NYSE: WTW) after his poor performance report. "If it can break the code to not only what works best in dieting, but also what people should pay for, the stock can be a good deal," he concludes.
Sources: CNBC, Nasdaq, EDGAR, Reuters, Box Office Mojo, Bloomberg
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