Welcome to Looking for Alpha’s Shares to Watch – a preview of key occasions scheduled for the following week. Observe this account and switch the e-mail alert on to obtain this text in your inbox each Saturday morning. A podcast of Shares to Watch can be obtainable on Sundays on Looking for Alpha, Apple Podcasts, Stitcher and Spotify (click on the highlighted hyperlinks).
The week forward sees a flurry of investor conferences because the earnings season slows down a bit. In Washington, Senator Bob Menendez and Senator Invoice Cassidy may introduce bipartisan laws to create a $500B fund designed to assist state and municipality budgets deal with the COVID-19. There may be information from the White Home on how the China commerce deal is progressing. On the financial entrance, stories on client costs, industrial manufacturing and retail gross sales would be the highlights. Lastly, 13F season heats up subsequent week with hedge funds and institutional managers with management of over $100M required to replace on holdings by Might 15. Do not be stunned if there are few surprises within the SEC filings.
Earnings highlight: Mylan (NASDAQ:MYL), Tilray (NASDAQ:TLRY), Marriott Worldwide (NASDAQ:MAR), Below Armour (NYSE:UAA), Simon Property Group (NYSE:SPG) and Cardinal Well being (NYSE:CAH) on Might 11; Toyota (NYSE:TM), Duke Power (NYSE:DUK), Honda (NYSE:HMC) and Ingersoll Rand (NYSE:IR) on Might 12; Cisco (NASDAQ:CSCO), Jack within the Field (NASDAQ:JACK), Sony (NYSE:SNE), Flowers Meals (NYSE:FLO) and Dillard’s (NYSE:DDS) on Might 13; Utilized Supplies (NASDAQ:AMAT) and Brookfield Asset Administration (NYSE:BAM) on Might 14; and DraftKings (NASDAQ:DKNG) and JD.com (NASDAQ:JD) on Might 15.
Go deeper: See Looking for Alpha’s full listing of earnings reporters
IPO watch: IPO share lockup intervals expire on 89bio (NASDAQ:ETNB) and YayYo (NASDAQ:YAYO) on Might 11, in addition to Duos Applied sciences Group (NASDAQ:DUOT) on Might 13. A lockup interval on a secondary providing from Moderna (NASDAQ:MRNA) expires on Might 12. Shares of Moderna are up greater than 135% over the past 90 days. Lastly, subsequent week is the one-year anniversary of the Uber (NYSE:UBER) IPO. The IPO was priced at $45, however solely closed at $32.79 on Friday.
Go deeper: Make amends for all the newest IPO information.
M&A tidbits: Many of the focus within the on line casino sector is on when properties will open once more, however M&A can be within the combine. The corporate in the most effective form to make a transfer may be Las Vegas Sands (NYSE:LVS). A scan by Union Gaming analyst John DeCree got here again with Wynn Resorts (NASDAQ:WYNN), Crown Resorts (OTCPK:CWLDF) and Okada Manila (OTC:UETMF) because the probably M&A candidates. Different corporations that would have extra M&A chat swirl round them subsequent week embody Tivity Well being (NASDAQ:TVTY), Signet Jewelers (NYSE:SIG) and Qiagen (NYSE:QGEN).
Analyst/Investor conferences and enterprise updates: Entegris (NASDAQ:ENTG) hosts an analyst assembly on Might 11. Nvidia (NASDAQ:NVDA) will launch its GTC 2020 keynote deal with, that includes founder and CEO Jensen Huang, on YouTube on Might 14. Huang will spotlight the corporate’s newest improvements in AI, high-performance computing, knowledge science, autonomous machines, healthcare and graphics through the recorded keynote. Avery Dennison (NYSE:AVY) has an analyst assembly scheduled for Might 13. Tanger Manufacturing unit Outlet (NYSE:SKT) has an analyst/investor assembly on the calendar for Might 15. Ford (NYSE:F) Chief Product Growth and Buying Officer Hau Thai-Tang will converse on the BofA Securities 2020 International Automotive Summit on Might 15 and take questions.
Projected dividend modifications (quarterly): Within the week forward, there are dividend payout modifications forecast for Aaon (NASDAQ:AAON) to $0.18 (semi-annual) from $0.16, Materion (NYSE:MTRN) to $0.1105 from $0.11, and Cardinal Well being to $0.4859 from $0.4811. With all the businesses which have both suspended dividends or lowered payouts attributable to financial downturn, it is worth protecting tabs on which corporations are nonetheless elevating. Out of the S&P 500 Index, corporations that raised dividend payouts just lately embody Apple (NASDAQ:AAPL) 1.1% yield, Costco (NASDAQ:COST) 0.9% yield, Nasdaq (NASDAQ:NDAQ) 1.9% yield, Qualcomm (NASDAQ:QCOM) 3.4% yield, Xilinx (NASDAQ:XLNX) 1.8% yield, Baxter Worldwide (NYSE:BAX) 1.0% yield, IBM (NYSE:IBM) 5.4% yield, Johnson & Johnson (NYSE:JNJ) 2.7% yield, Kinder Morgan (NYSE:KMI) 7.2% yield, MetLife (NYSE:MET) 5.4% yield, Newmont Company (NYSE:NEM) 1.8% yield, Procter & Gamble (NYSE:PG) 2.8% yield, Southern Firm (NYSE:SO) 4.7% yield, Vacationers (NYSE:TRV) 3.6% yield and UPS (NYSE:UPS) 4.4% yield.
Bitcoin: The price of Bitcoin (BTC-USD) will probably be watched with the cryptocurrency preprogrammed to chop the reward per block mined by 50% in a halving motion that happens each 4 years. “Halving will influence profitability of mining bitcoin as a result of work and assets might want to double with a purpose to obtain the identical reward as earlier than,” says ThinkMarkets analyst Fawad Razaqzada. “Nevertheless, if the value of bitcoin appreciates considerably then this can offset among the prices,” he added. In 2012, the price of Bitcoin fell sharply after the halving day, whereas in 2016, it went up earlier than falling again down in a number of months. On each prior halving events, the long-term pattern was larger costs. The halving motion is predicted to fireside off round Might 12 based mostly on Bitcoin mining exercise at which period a Bitcoin block reward will lower from 12.5 to six.25 cash.
ASCO assembly: Abstracts will probably be launched from the American Society of Medical Oncology Annual Assembly on Might 13. The information dump will embody key releases from Bristol-Myers Squibb (NYSE:BMY), bluebird bio (NASDAQ:BLUE), Roche (OTCQX:RHHBY), Amgen (NASDAQ:AMGN), Allogene Therapeutics (NASDAQ:ALLO), Genmab (NASDAQ:GMAB), Merck (NYSE:MRK), Karyopharm Therapeutics (NASDAQ:KPTI), AstraZeneca (NYSE:AZN), MacroGenics (NASDAQ:MGNX), Exelixis (NASDAQ:EXEL), Myovant Sciences (NYSE:MYOV), Johnson & Johnson, Seattle Genetics (NASDAQ:SGEN), GlaxoSmithKline (NYSE:GSK), BeiGene (NASDAQ:BGNE), Arvinas (NASDAQ:ARVN), Gilead Sciences (NASDAQ:GILD), Takeda Prescription drugs (NYSE:TAK), Iovance Biotherapeutics (NASDAQ:IOVA), AVEO Prescription drugs (NASDAQ:AVEO), Blueprint Medicines (NASDAQ:BPMC), Progenics Prescription drugs (NASDAQ:PGNX), Kura Oncology (NASDAQ:KURA), Autolus Therapeutics (NASDAQ:AUTL), ImmunoGen (NASDAQ:IMGN), CytomX Therapeutics (NASDAQ:CTMX) and Celyad (NASDAQ:CYAD).
Detroit revs again up : Ford, Normal Motors (NYSE:GM) and Fiat Chrysler Vehicles (NYSE:FCAU) can start the primary steps of reopening crops subsequent week by sending some employees in to do pre-production work. With the automakers anticipating to start out producing vehicles once more round Might 18, trade execs have struck a assured tone. “We now have reopened our amenities in China, efficiently begun our phased restart in Europe and have been producing medical gear in Michigan for greater than six weeks and are utilizing the teachings from all of that to make sure we’re taking the best precautions to assist maintain our workforce right here protected,” notes Ford COO Jim Farley. An even bigger query may be what’s going to demand appear like after 21M jobs had been misplaced within the U.S. throughout April.
Tech momentum: After the Nasdaq recovered all the way in which again to the place it began the yr, buyers are anticipated to remain locked in on the tech themes taking part in out throughout COVID-19. Bank of America thinks buyers are quick forwarding to the longer term as they contemplate valuation, with the concentrate on big-tech (Apple, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Alibaba (NYSE:BABA), Microsoft (NASDAQ:MSFT), Fb (NASDAQ:FB)), semis (Intel (NASDAQ:INTC), Nvidia, AMD (NASDAQ:AMD), ASML (NASDAQ:ASML)), cloud software program (Salesforce (NYSE:CRM), Workday (NASDAQ:WDAY), ServiceNow (NYSE:NOW)), knowledge facilities (Equinix (NASDAQ:EQIX), Digital Realty (NYSE:DLR)), telco towers (American Tower (NYSE:AMT), Crown Fortress (NYSE:CCI)), 5G (Qualcomm (QCOM), Ericsson (NASDAQ:ERIC), Nokia (NYSE:NOK)), AVs (Tesla (NASDAQ:TSLA), Yandex (NASDAQ:YNDX), Aptiv (NYSE:APTV)), work-at-home performs (Zoom (NASDAQ:ZM), VMware (NYSE:VMW), Cisco (CSCO)) and funds (PayPal (NASDAQ:PYPL), Fiserv (NASDAQ:FISV), Adyen (ADYEN)). Will these names outperform the broad market off the working paradigm?
TMT conferences: The JPMorgan International Know-how, Media and Communications Convention will probably be held just about by way of Zoom on Might 12-14. Contributors embody Comcast (NASDAQ:CMCSA), Outfront (NYSE:OUT), Arista (NYSE:ANET), iRobot (NASDAQ:IRBT), Sq. (NYSE:SQ), Verizon (NYSE:VZ), Texas Devices (NASDAQ:TXN), Snap (NYSE:SNAP), Examine Level Software program (NASDAQ:CHKP), STMicroelectronics (NYSE:STM), Pluralsight (NASDAQ:PS), MaxLinear (NYSE:MXL), Zebra Applied sciences (NASDAQ:ZBRA), Alarm.com (NASDAQ:ALRM) and Citrix Techniques (NASDAQ:CTXS). There’s additionally the MoffettNathanson seventh Annual Media & Communications Summit to observe. The occasion options Verizon T-Cellular (NASDAQ:TMUS), Sinclair Broadcast Group (NASDAQ:SBGI), Comcast, SBA Communications (NASDAQ:SBAC), American Tower, AT&T (NYSE:T), Altice USA (NYSE:ATUS) and Cogent Communications (NASDAQ:CCOI).
Highly effective stuff: The Credit score Suisse Utilities, Energy & Clear Tech Convention this week options Atlantica Yield (NASDAQ:AY), Black Hills (NYSE:BKH), CMS Power (NYSE:CMS), Consolidated Edison (NYSE:ED), DTE Power (NYSE:DTE), Duke Power (DUK), Enphase Power (NASDAQ:ENPH), Eversource Power (NYSE:ES), Generac Holdings (NYSE:GNRC), NiSource (NYSE:NI), NRG Power (NYSE:NRG), SolarEdge Applied sciences (NASDAQ:SEDG), Sunnova Power Worldwide (NYSE:NOVA), Sunrun (NASDAQ:RUN) and TransAlta (NYSE:TAC).
Chapter filings: The chapter watch is on for J.C. Penney (NYSE:JCP) and Hertz International (NYSE:HTZ). Of the 2, J.C. Penney is extra prone to file subsequent week, whereas Hertz nonetheless has a number of levers to tug.
Notable annual assembly: UPS (UPS) holds it annual assembly on Might 14. Shares of UPS are down 19% YTD.
Information test: Bank card write-off and delinquency stories from American Specific (NYSE:AXP), Bank of America (NYSE:BAC), Citigroup (NYSE:C), Capital (NYSE:COF), Uncover Monetary (NYSE:DFS), JPMorgan (NYSE:JPM) and Synchrony Monetary (NYSE:SYF) are due in on the finish of the week will probably be watched intently for indicators of U.S. households cracking underneath monetary pressure. Nielsen knowledge can be due out once more. Beer class gross sales (together with flavored malts and cider) elevated 17.7% over the past Nielsen 4 week-tracking interval and had been up 13.1% over a 12-week interval. Did these gross sales developments proceed into Might for Anheuser-Busch InBev (NYSE:BUD), Molson Coors (NYSE:TAP), Constellation Manufacturers (NYSE:STZ), Heineken (OTCQX:HEINY), Boston Beer (NYSE:SAM) and Craft Brew Alliance (NASDAQ:BREW)?
Industrials within the highlight: Multi-industrial corporations presenting on the Bank of America Transportation and Industrials conferences will embody Altra Industrial Movement (NASDAQ:AIMC), AMETEK (NYSE:AME), Colfax (NYSE:CFX), ITT (NYSE:ITT) and Rush Enterprises (NASDAQ:RUSHA). BofA says it hopes to learn the way administration groups are altering their priorities, methods and enterprise fashions in a post-COVID 19 world with the near-term working surroundings remaining extremely unsure. The agency says it additionally plans to debate how corporations are positioning for the relief of presidency restrictions associated to social distancing and subsequent demand restoration.
Financials on show: Moody’s (NYSE:MCO), IHS Markit (NYSE:INFO), Truthful Issac (NYSE:FICO), FactSet (NYSE:FDS), Uncover Monetary and Thomson Reuters (NYSE:TRI) are all attributable to give digital talks on the Barclays Americas Choose Franchise Convention.
Barron’s mentions: The housing trade will get a powerful protection on this week’s cowl story. The availability of homes obtainable is famous to be tightest it has been in a long time and most house owners had a wholesome quantity of dwelling fairness heading into the pandemic. In a nutshell, dwelling costs are anticipated to carry up tremendous. For buyers, homebuilders Lennar (NYSE:LEN), M/I Properties (NYSE:MHO), PulteGroup (NYSE:PHM), Toll Brothers (NYSE:TOL) are anticipated to do effectively, in addition to mortgage insurers Essent Group (NYSE:ESNT) and Radian Group (NYSE:RDN). REITS like AvalonBay Communities (NYSE:AVB) and Fairness Residential (NYSE:EQR) are additionally talked about positively. Outdoors of the true property sector, Boyd Gaming (NYSE:BYD) is highlighted for its geographic range as a powerful choose within the gaming sector and a listing of bank M&A targets consists of Areas Monetary (NYSE:RF), Atlantic Capital Bancshares (NASDAQ:ACBI) and TCF Monetary (NASDAQ:TCF).
Sources: Bloomberg, Reuters, CNBC, Bloomberg, Fintech Zoom.com, EDGAR