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.
Investors still have handicaps on the agenda next week, as talks between the US and China are expected to continue. While we know that trading risk is backed by the stock price of a large number of US multinational companies, the question remains to what extent companies with over 50% of their earnings are related to China as Wynn Resorts (NASDAQ: WYNN), Qualcomm (NASDAQ: QCOM), Micron (NASDAQ: MU), Broadcom (NASDAQ: AVGO) and Marvell Technology (NASDAQ: MRVL) are withheld? For next week: Expect tweets and expect volatility. On the macro front, a blues day comes with financial reports in the middle of the week when reports on retail, Empire State production, industrial production, business listings and a key market index arrive on May 1
Remarkable performance reports: Take-Two Interactive (NASDAQ: TTWO) May 13; Aurora Cannabis (NYSE: ACB), Tilray (NASDAQ: TLRY) and Ralph Lauren (NYSE: RL) May 14; Cisco (NASDAQ: CSCO), Alibaba (NYSE: BABA), Macy's (NYSE: M) and Jack in the Box (NASDAQ: JACK) May 15, Walmart (NYSE: WMT), Nvidia (NASDAQ: NVDA ), Baidu NASDAQ: BIDU), Applied Materials (NASDAQ: AMAT) and Pinterest (NYSE: PINS) May 16; Deere (NYSE: DE) May 17. See Searching Alpha's earnings calendar for the complete revenue reporting list.
Expected IPO pricings: Chinese coffee startup Luckin Coffee (LK) is the head support for next week's expected IPO pricings. The listing will be one of the largest of a mainland company in the US this year. Luckin's goal is to raise $ 587 million in a price range between $ 15 and $ 17 by selling 30 million US shares, with each ADS representing eight ordinary shares. Luckin plans to have more than 4.5K pickup stores open by the end of the year, while competitor Starbucks (NASDAQ: SBUX) targets 6K of its larger format stores by the end of 2022. Other IPO prices come in to ConversionPoint (CPTI) 13. May, May 14, Bricktown Restaurant Group (BEER) May 14, Pimco Mortgage Income Trust (PMTG) May 15, and Avantor (AVTR) and Fastly (FSLY) May 15.
IPO lockup outlet: Vapotherm (NYSE: VAPO) May 13; Bain Capital Specialty Finance (NYSE: BCSF) and Weidai (NYSE: WEI) May 14.
IPO Quiet Period Expired: Pinterest (PINS) and Zoom Video Communications (NASDAQ: ZM) May 13th. ] Projected dividend changes (quarterly): Chubb (NYSE: CB) to $ 0.76 from $ 0.73, Clorox (NYSE: CLX) to $ 0.99 from $ 0.96, Southwest Airlines (NYSE: LUV ) to $ 0.20 from $ 0.16, Marsh & McLennan (NYSE: MOS) to $ 0.45 from $ 0.205, to $ 0.25 from $ 0.25, CNO Financial (NYSE: CNO) to $ 1 , 25 from $ 1.20, Ashland Global (NYSE: ASH) to $ 0.11 from $ 0.10, FactSet (NYSE: FDS) to $ 0.72 from $ 0.64, Kilroy (NYSE: KRC) to $ 0.475 from $ 0.455, Lennox (NYSE: LII) to $ 0.75 from $ 0.64, Add Mason (NYSE: LM) to $ 0.36 from $ 0.34, Werner Enterprises (NASDAQ: WERN) to $ 0.11 from $ 0.09.
M & A tidbits: The price period ends on Teslas (NASDAQ: TSLA) purchase of Maxwell Technologies (NASDAQ: MXWL) on May 13. (NASDAQ: LABL) will vote on the acquisition of a subsidiary of Platinum Equity LLC on May 16. Omega Healthcare Advisors (NYSE: OHI) $ 600 million acquisition of MedEquities Realty Trust (NYSE: MRT) is expected to close in May 17.
Faced: Media purchases are starting to take place next week on the upside. The usual suspects NBC (NASDAQ: CMCSA), Fox (NASDAQ: FOXA), ABC, CBS (NYSE: CBS), Univision (UVN), WarnerMedia (NYSE: T), Disney (NYSE: DIS) and The CW on their upcoming performances. Anyway, Disney's presentation will include ESPN for the first time. Wanting to move even further into the advertising industry is Hulu and YouTube (NASDAQ: GOOG), with both aiming to reduce the dependence on interrupted forms of advertising to introduce new ad formats to reach the audience watching binge.
Spotlight on Nvidia: Analysts expect Nvidia (NVDA) to report revenue of $ 2.20B for Q1 and EPS of $ 0.81, although they may look at the conference call even closer to color of data center spending, the gaming industry and headwinds from China. Prior to the report, Oppenheimer told the March controls that Nvidia's GPU channel inventory was back to a normal 2.5-week level and set the stage for Q2 growth in NVDA's core game segment.
Spotlight on Chinese technology: Investors will look at the Chinese technology sector closely, with Alibaba (BABA) and Tencent due to announce results from Q1 May 15 and Baidu (BIDU) set to follow own report May 17th. The major investments in new growth channels of Chinese eCommission heavyweights are expected to lead to significantly higher operating costs during the first quarter and weigh on performance guidance. It's a bit of a different playbook than the five big ones in the US (Apple, Facebook, Alphabet, Amazon and Microsoft), which reported an average increase in operating costs by 13% in Q1, and there were no alarms
Analyst / investor meetings: General Motors (NYSE: GM) is organizing an "Office Hours" conference with CFO Dhivya Suryadevara on May 13th. Altra Industrial (NASDAQ: AIMC) says it will highlight the company's value Valvoline (NYSE: VVV) says that senior management will discuss the business and present the company's long-term strategic vision on May 16. Other calendar meetings include Fortive (NYSE: FTV) and Berry Petroleum (NASDAQ: BRY) on May 16.
FDA Clock: The Agency's Oncologic Drugs Advisory Committee will review Daiichi Sankyo's (OTCPK: DSKYF) pexidartinib NDA. Pdufa dates are also on the Regeneron Pharmaceuticals calendar (NASDAQ: RAIN) -Bayer's (OTCPK: BAYZF) Eylea sBLA in non-proliferative diabetic retinopathy and GlaxoSmithKline (NYSE: GSK) Nucala sBLA for severe eosinophilic asthma in young children.
Wells Fargo Gaming Hospitality & Leisure Conference: A high mix of execs from private organizations will interfere in Las Vegas from May 14-15 with publicly traded casino and leisure players. Businesses that look like are Boyd Gaming Corporation (NYSE: BYD), Boyne Resorts (Private), Caesars Entertainment Corporation (NASDAQ: CZR), Carrols RestaurantGroup Inc. (NASDAQ: KEY) ERI), Enterprise Rancheria (Private) , Everi Holdings (NYSE: EVRI), Flynn Restaurant Group (Private), Fogo de Chao (Private), Full House Resorts (NASDAQ: FLL), GameCo (Private), Games and Leisure NASDAQ: GLPI), GGH Morowitz Gaming Advisors ( Private), Golden Entertainment (NASDAQ: GDEN) Real Estate, 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 ), Scientific Games (NASDAQ: SGMS), Seminole Hard Rock Hotel & Cas
Bank of America Merrill Lynch 2019 Transport and Industry Conferences ranse: The event scheduled for Boston on May 14 includes exhibitions by Union Pacific (NYSE: UNP), Norfolk Southern (NYSE: NSC), Flowserve (NYSE: FLS), Genesee & Wyoming (NYSE: GWR), Alta Industrial (AIMC), Mesa Air (NASDAQ: MESA) (NYSE: CP), JB Hunt Transport Services (NASDAQ: JBHT), Schneider National (NYSE: SNDR) and Kansas City Southern (NYSE: KSU).
JPMorgan technology, media and communication conference take place in Boston from May 14-16. Enterprises resulting from providing calls include 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: CY) and Twitter (NYSE: TWTR).
Canaccord Cannabis Conference: After recently forecasting the sale of marijuana-infested beverages could beat $ 600 million in the United States by 2022, the investment company is hosting a conference on May 15-16 for the broad cannabis industry. Cannabis players are due to be 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).
Whirlpool (NYSE: WHR) may see some volatility when the Association of Home Product Enterprises reports transfer data for April once around May 15. Data on container board and box printing expires on May 17 from Pulp Paper Week. The pricing reading could swing 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 for things The world: IoT innovation will be shown in Santa Clara May 13-16. Speaker choices include Ford's (NYSE: F) Aniela Kuzon, Avis Budget CEO (NASDAQ: CAR) Larry De Shon, AT&T (T) Lisa Riachi, CVS Health CTO (NYSE: CVS) Claus Jensen, Siemens USA ( OTCPK: SIEGY) Managing Director Barbara Humpton, Procter & Gamble (NYSE: PG), Chief Technology and IT Innovation Officer Alan Boehme and JetBlue's (NASDAQ: JBLU) Bonny Simi.
Blockchain Week: Thousands of execs from leading cryptographic firms will be at the de facto annual industry summit in New York City, as well as remarkable politicians and academic types. There will also be discussions with representatives from established companies such as Humana (NYSE: HUM), Credit Suisse (NYSE: CS), Fidelity Investments, BNY Mellon (NYSE: BK), Microsoft (NASDAQ: MSFT), JPMorgan (NYSE: JPM) [Will we hear anything about JPM Coin?] Oracle (NYSE: ORCL) and Amazon (NASDAQ: AMZN). Bitcoin (BTC-USD) rates shot up after three of the last four Block Chain Week periods, giving traders something to look at. Bitcoin still stays light to its 6K handle, switching hands to $ 6,765.74 at the time of publishing.
Notable Annual Meetings: A highly-featured board vote is set for May 16 when Gannett (NYSE: GCI) holds its annual meeting. Shareholders will vote on board nominees from MNG Enterprises and the hostile takeover attempt. Other less volatile meetings are set to Interface (NASDAQ: TILE) May 13; Eating Marks (NYSE: DIN), Loews (NYSE: L) May 14; Akamai Technologies (NASDAQ: AKAM) and AMD (NASDAQ: AMD) May 15; Yum Brands (NYSE: YUM), Hasbro (NASDAQ: HAS) and L Brands (NYSE: LB) May 16 and Intercontinental Exchange (NYSE: ICE) May 17.
Box office: Want to believe in Disney (DIS) Avengers is expected to bring in another $ 75 million this weekend in the US? Warner's (T) Pokémon Detective Pikachu is expected to debut with a very respectable $ 55M.
Barron mentions: 1-800-Flowers (OTC: FLSW) is designated one day ahead of Mother's Day as a small cap trade during its historic appreciation with a solid balance. The Supply Lights Approach at Cronos (NASDAQ: CRON) depending on the third-party marijuana grower is being questioned for a tough quarter for the Canadian cannabis company. In the transport sector, UPS (NYSE: UPS) is said to be ready to deliver, and J.B. Hunt (JBHT) is called a bargain game in intermodal shipping. Sputtering debut of Uber (NYSE: UBER) is given Saturday morning quarterly routine. "Uber generates $ 1Bo quarterly losses with profitability nowhere in sight," reminds Andrew Bary. He notes that UPS has a market value that is not much more than Uber and yet is on the right track to earn $ 6.5B this year after tax. Baillie Giffords James Anderson spoke Tesla (TSLA) during an interview with the publication, "We were also confused by the company's tone change on capital increase." Noted the portfolio manager. "Although we have reservations about some things at Tesla, we are concerned about the company's leadership in their industry. Tesla is six to seven years before the competition for product and battery technology," he added.
Sources: CNBC, Nasdaq, EDGAR, Reuters, Bloomberg, Box Office Mojo
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