Home Stock Market Wall Avenue Breakfast: The Week Forward

Wall Avenue Breakfast: The Week Forward


AutoZone (NYSE:AZO), Aurora Hashish (NYSE:ACB), Sew Repair (NASDAQ:SFIX) and Nike (NKE) on September 22; Common Mills (NYSE:GIS) and Cintas (NASDAQ:CTAS) on September 23; Darden Eating places (NYSE:DRI), Jabil (NYSE:JBL), Ceremony Assist (NYSE:RAD), CarMax (NYSE:KMX) and Costco (COST) on September 24.

Expectations are excessive for Nike (NKE) heading into the FQ1 earnings report, with the China enterprise anticipated to point out robust progress and e-commerce persevering with to assist gross sales within the U.S. Over the previous couple of weeks, retailers like Dick’s Sporting Items (NYSE:DKS), Foot Locker (NYSE:FL) and Hibbett Sports activities (NASDAQ:HIBB) have been spinning out constructive updates on gross sales. Analysts count on Nike to report income of $9.00B and EPS of $0.46. Nike trades simply off its 52-week excessive of $120.48.
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IPO pricings are anticipated for Corsair Gaming (CRSR), GoodRx (NASDAQ:GDRX), RiverNorth Versatile Revenue Fund (NYSE:RFM) and Amesite Working (AMST). Of the bunch, Corsair might generate probably the most curiosity with the gaming sector heating up. The California-based supplier of gaming gear and content material is aiming to promote as much as $252M value of shares to worth the corporate at as much as $1.65B. Additionally, keep watch over TELA Bio (NASDAQ:TELA) subsequent week, with 34% of its excellent float being freed up by way of the expiration of an IPO lock-up interval. Throughout the Pacific in Hong Kong, secondary share choices are anticipated to start out buying and selling for ZTO Specific (NYSE:ZTO), Zai Lab (NASDAQ:ZLAB) and Baozun (NASDAQ:BZUN), whereas SoftBank (SFTNY) goals handy over shares between September 23-25 for its secondary providing of its telcoms enterprise.
Go Deeper: Catch up on all the latest IPO news.

The Majesco (NASDAQ:MJCO)-Thoma Bravo deal is predicted to shut on September 21. InnerWorkings (NASDAQ:INWK) shareholders vote on the HH World buyout on September 24. Illumina’s (NASDAQ:ILMN) deal to purchase cancer-discovery startup Grail for greater than $8B may very well be formally introduced. Anheuser-Busch InBev (NYSE:BUD) can be sized up after touchdown DOJ clearance to accumulate Craft Brew Alliance (NASDAQ:BREW).

Merck (NYSE:MRK) is internet hosting a Oncology Digital IR Briefing on September 22. On the identical day, vTv Therapeutics (NASDAQ:VTVT) is scheduled to current further constructive medical examine outcomes from its Part 2 Simplici-T1 examine of TTP399. GlycoMimetics (NASDAQ:GLYC) GMI-1070 (rivipansel) is because of current biomarker knowledge from its Rivipansel Part 3 RESET trial throughout the Basis For Sickle Cell Illness Analysis assembly from September 23-25. Additionally throughout the week, Vaxart (NASDAQ:VXRT) and Novavax (NASDAQ:NVAX) will current on the SVB Leerink: CybeRx Sequence – Vaccine Discussion board. Each corporations are within the COVIF-19 highlight.
Go Deeper: Check out Seeking Alpha’s Catalyst Watch for breakdowns on the events that stand out.

Tesla (TSLA) holds its annual shareholder assembly on September 22 to be instantly adopted by the highly-anticipated Battery Day occasion. Expectations are that Tesla will reveal plans to ramp up battery capability, exhibit improved cell chemistry/efficiency and spotlight how the associated fee curve might spiral downward. Wedbush Securities expects a house run from Elon Musk and gang. “We imagine the corporate is getting nearer to saying the million mile battery at this highly-anticipated occasion. In our opinion this battery expertise can be very superior, probably final for many years, face up to all varieties of climate/terrain, and be one other main milestone for the Tesla ecosystem,” writes analyst Dan Ives. Panasonic (OTCPK:PCRFY) can be on edge to see if Tesla ideas off a purpose to turn out to be battery impartial over time. Different shares to observe across the occasion embody the standard EV auto suspects like Nio (NYSE:NIO), Li Auto (NASDAQ:LI), Xpeng (NYSE:XPEV) and Kandi Applied sciences (NASDAQ:KNDI). There’s additionally Glencore (OTCPK:GLCNF,OTCPK:GLNCY) to maintain tabs on simply in case Tesla pulls out a wildcard with its cobalt plans. Strap in for some enjoyable.

Information Corp (NWS, NWSA) will host a digital Dow Jones Investor Day on September 21 that includes each the Information Corp and Dow Jones CEOs. HubSpot (NASDAQ:HUBG) is because of maintain its Analyst Day occasion on September 22 with a deal with the corporate’s merchandise, efficiency, and financials. Intuit (NASDAQ:INTU) will host a half-day digital investor occasion on September 23 with displays from CEO Sasan Goodarzi, CFO Michelle Clatterbuck and different leaders. Michaels Corporations (NASDAQ:MIK) is internet hosting a Digital Investor Day on September 24 that can characteristic a strategic overview together with updates on progress alternatives, new market alternatives and the capital allocation technique.The Brookfield household of corporations will maintain an investor day occasion on September 24. Brookfield Asset Administration (NYSE:BAM) would be the leadoff place to provide an replace on enterprise situations, adopted so as by Brookfield Renewable Accomplice (NYSE:BEP), Brookfield Property Companions (NASDAQ:BPY), Brookfield Enterprise Companions (NYSE:BBU) and Brookfield Infrastructure Companions (NYSE:BIP).

SpaceX’s (SPACE) SN8 Starship rocket will take a take a look at flight someday subsequent week, with plans to soar as much as 60K toes after which return to Earth in a managed touchdown. The launch will mark the primary time three Raptor engines can be examined collectively as a single unit. SpaceX is monitoring towards a remaining model of Starship that can characteristic six Raptors and be able to carrying as much as 100 folks to the moon, Mars and different distant locations. Whereas SpaceX is not a publicly-traded inventory, the corporate’s high-profile launches have helped draw curiosity into space-related names like Maxar Applied sciences (NYSE:MAXR), Virgin Galactic (NYSE:SPCE) and the Procure Area ETF (NASDAQ:UFO).

Conferences highlights: The Stephens Digital Financial institution Discussion board that runs from September 22-24 will characteristic Ameris Bancorp (NASDAQ:ABCB), Enterprise Monetary Companies (NASDAQ:EFSC), Fulton Monetary (NASDAQ:FULT), Pinnacle Monetary Companions (NASDAQ:PNFP) and Univest Monetary (NASDAQ:UVSP) amongst others. Oppenheimer is holding a fall summit targeted on Specialty Pharma, Uncommon Illness and Gene Remedy. A number of the corporations because of current embody Sunesis Prescription drugs (NASDAQ:SNSS), Brainsway (NASDAQ:BWAY), Orchard Therapeutic (NASDAQ:ORTX), CohBar (OTC:CWBR) and Aldeyra Therapeutics (NASDAQ:ALDX). The Sidoti Digital Convention working from September 23-24 will characteristic a lot of small-cap corporations recognized as prime quality. A number of the notable presenters embody Winnebago (NYSE:WGO), TrueBlue (NYSE:TBI), Lydall (NYSE:LDL) and Kforce (NASDAQ:KFRC). Lastly, the Bernstein Strategic Selections Conferences runs from September 23-24, with displays from Novo Nordisk (NYSE:NVO) and Koninklijke Philips (NYSE:PHG) wanting just like the standouts.
Go Deeper: See Seeking Alpha’s Catalyst Watch for which presentations may stand out.


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