Welcome to Seeking Alphas Warehouse to Watch – A preview of important events scheduled for next week. Follow this account…
Welcome to Seeking Alphas Warehouse to Watch – A preview of important events scheduled for next week. Follow this account and enable the email to get this article in your inbox every Saturday morning.
Investors perform for a week of volatility in terms of trade in China and the consequences of the UK payout statement are sure to remain. Add in the drama of a return curve as inverted at the short end and it’s advisable that the Santa Claus rally has hard to materialize. With large indexes that have now deleted their winnings for the year, expecting to hear some noise from value investors after seeing a month drop in names like Nvidia (NASDAQ: NVDA) -25%, Target (NYSE: TGT) -22%, Tiffany (NYSE: TIF) -22%, Goldman Sachs (NYSE: GS) -1
9%, Apple (NASDAQ: AAPL) -18%, Halliburton (NYSE: HAL) -15% and Altria (NYSE: MO)%. On the economic front of the week, new prices on producer prices are reading, consumer prices and retail prices will be careful.
Remarkable Performance Reports: It’s a very thin week for performance reports, but company-based game numbers include Ascena Retail (NASDAQ: ASNA) and Stitch Fix (NASDAQ: SFIX) on December 10th; American Eagle Outfitters (NYSE: AEO) and Dave & Buster Entertainment (NASDAQ: PLAY) December 11th; Phototronics (NASDAQ: PLAB) and Oxford Industries (NYSE: OXM) December 12; Adobe (NASDAQ: ADBE), Costco (NASDAQ: COST) and Ciena (NASDAQ: CIEN) on December 13.
IPO Expected Price: Tencent Music Entertainment (TME) is pushing for its IPO because it looks like using a 90-day break on US-China tariffs. The music streaming service plans to sell 41M ADS in offer and sellers will also lose just under 41M ADS. Tencent Music owns three streaming music platforms in China – QQ Music, Kuguo and Kuwo – with a number of over 700 million monthly active users. Tencent (OTCPK: TCEHY) holds a 58.1% stake in Tencent Music and Spotify (NYSE: SPOT), which held a 9.1% stake.
IPO Lockdown Times: Greenpro (OTCQB: GRNQ) in December 10; US Xpress Enterprises (NYSE: USX) and Charah Solutions (NYSE: CHRA) on December 11; Avalara (NYSE: AVLR), Verrica Pharmaceuticals (NASDAQ: VRCA) and Puixin (NYSE: NEW) on December 12.
Analyst silent period of time: Vapoterm (NYSE: VAPO) and Eton Pharmaceuticals (NASDAQ: ETON) December 10 Weidai (NYSE: WEI) December 11th;
Proposed Exchange Changes (Quarterly): Abbott (NYSE: ABT) to $ 0.30 from $ 0.28, AES (NYSE: AES) to $ 0.14 from $ 0.13, Amgen (NASDAQ: AMGN) to $ 1.39 from $ 1.32, Boeing (NYSE: BA) to $ 2.08 from $ 1.71, Franklin Resources (NYSE: BEN) to $ 0.25 from $ 0.23, Lilly NYSE: LLY) to $ 0.57 from $ 0.5625, $ 0.2205, AT & T (NYSE: T) to $ 0.51 from $ 0.50, Ventas (NYSE: VTR) to $ 0.81 from $ 0.79, ABM Industries (NYSE: ABM) to $ 0.18 from $ 0.175, Balchem (NASDAQ: BCPC) to $ 0.46 from $ 0.42, SEI: SEIC) to $ 0.32 from $ 0.30, Urstadt Biddle (NYSE: UBA) to $ 0.275 from $ 0.27, WD-40 (NASDAQ: WDFC) to $ 0.59 from $ 0.54.
60 minutes: Tesla (NASDAQ: TSLA) CEO Elon Musk was interviewed by Leslie Stahl for the weekly news. In a clip already released, Musk said, “I do not really want to try to follow any CEO’s templates.” Musk also stated that the EV machine would be interested in creating a store in an old General Motors (NYSE: GM) facility if one is available.
Analysts / Investors: Arthur Gallagher (NYSE: AJG), Enbridge (NYSE: ENB), American Water Works (NYSE: AWK), ServiceMaster Global (NASDAQ: SERV), TreeHouse Foods (NYSE: THS) and Crown Holdings (NYSE: CCK) December 11th; Aimmune Therapeutics (NASDAQ: AIMT) and Hess (NYSE: HES) December 12th; ImmunoGen (NASDAQ: IMGN), health insurance (NASDAQ: HIIQ) and Danaher (NYSE: DHR) on December 13; Hartford Financial (NYSE: HIG) and Centen (NYSE: CNC) on December 14th.
Spotlight on coffee: Starbucks (NASDAQ: SBUX) hosts its two-year investment day event on December 13th. month after Starbucks announced a round of job cuts at company level. While the company is not directly in the line of tariffs, escalation of the trade dispute between the United States and China could lead to damage to the business if Beijing slows down the regulatory process or a consumer background strikes.
Spotlight on Under Armor: Under Armor (UA, UAA) will hold an investor meeting on December 12th. CEO Kevin Plank, CEO, COO Patrik Frisk, CFO David Bergman and other Under Armor Execs will give an overview of the company’s long-term strategy,
Capitol Hill Clock: Google (GOOG, GOOGL) CEO Sundar Pichai will be displayed before a panel in parliament on December 11th in a hearing that was relocated from last week. Hight Capital Markets expects that the difficult questions to be put to Pichai by legislators are just the beginning, not the end. The company believes that Big Tech companies will be exposed to regulatory headline risk by 2019, although it is envisaged that final legislation will be difficult to pass both houses. The house is also slated to vote next week on a bi-partisan action that would punish drug users who try to play Medicaid’s discount system to get bigger profits.
FCC Clock: FCC is due to begin its quarterly review of certain media ownership rules, including the issue of owning multiple stations in an internal market. Companies that look at developments are Entercom (NYSE: ETM), Emmis Communications (NASDAQ: EMMS), Cumulus (NASDAQ: CMLS), Cox Radio (CXR), Clear Channel, CBS, Disney (NYSE: DIS), Beasley Broadcasting :
Brief report: Nasdaq will issue a new short interest rate report on December 11 for positions discontinued no later than November 30. Shares with the highest level of short-term interest rates as a percentage of total flows at the time of the latest Nasdaq- The report included GNC Holdings (NYSE: GNC), Lannett Company (NYSE: LCI), JC Penney (NYSE: JCP), Carbo Ceramics (NYSE: CRR), Carvana (NYSE: CVNA), Buckle (NYSE: BKE), Revlon NYSE: REV), RH (NYSE: RH), Dillard (NYSE: DDS), Camping World (NYSE: CWH), B & G Foods (NYSE: BGS) and Pyxus International Lumentum’s acquisition of Oclaro (NASDAQ: OCLR) on December 10. Shareholders with Akebia Therapeutics (NASDAQ: AKBA) and Keryx Biopharmaceuticals (NASDAQ: LBA).
(NASDAQ: KERX) vote for fusio between the two companies on December 11. A special meeting is scheduled for December 11 for the shareholders of Dell Technologies (NYSE: DVMT) to vote for the Class V joint stock introduction. CVS Health (NYSE: CVS) has a deadline on December 14 to issue a briefing to defend Aetna The agreement.
Sales Updates: Franklin Resources (BEN) December 10, TD Ameritrade (NASDAQ: AMTD) December 11th; E * Trade Financial (NASDAQ: ETFC) and Charles Schwab (NYSE: SCHW) on December 14th.
More Prime Time: There is another click on the Amazon (NASDAQ: AMZN) Comcasts (NASDAQ: CMCSA) Xfinity X1 platform.
Cyberwatch: Zix (NASDAQ: ZIXI), Calix (NYSE: CALX) and GigCapital (NYSE: GIG.U) are scheduled for one-off meetings Cowens 5th Annual Network and Cybersecurity Summit on 12 December.
Barron’s remarks: The stock price fall on Caterpillar (NYSE: CAT) looks overwhelmed, the reason for Jack Hough. He notes that a mid-year price increase from Caterpillar on machines contributed to compensating for higher costs for steel and other fees, while booked orders were strong for 2019. Applied Materials (NASDAQ: AMAT) is also seen as cheap, with trading of shares at only 10X forward profit. It is despite the huge upside of Applied Materials in AI chips. There is also a deep dive on Lam Research (NASDAQ: LRCX) following the company’s uneven path.
Sources: Nasdaq, EDGAR, Reuters, CNBC, Bloomberg
Editor’s Note: This article includes one or more microcapsules. Please be aware of the risks with these layers.