Stocks To Study: Earnings Blitz And Autonomy Discuss – Looking for Alpha

Stocks To Study: Earnings Blitz And Autonomy Discuss – Looking for Alpha

Welcome to Looking for Alpha’s Stocks to Study – a preview of key events scheduled for the next week. Notice this legend and flip the email alert on to receive this article for your inbox every Saturday morning.

Every other fantastic ramp-up of earnings arrives next week to preserve traders busy. All in actual fact handy, one hundred fifty five corporations within the S&P 500 Index will document numbers representing $9T in market capitalization, besides as Dow 30 stalwarts Coca-Cola (NYSE:KO), Caterpillar (NYSE:CAT), Procter & Gamble (NYSE:PG), Microsoft (NASDAQ:MSFT), United Technologies (NYSE:UTX), Verizon (NYSE:VZ) and Visa (NYSE:V). As regular, earnings calls will be a spotlight, particularly when Boeing (NYSE:BA) and Tesla (NASDAQ:TSLA) step up to the mike. At some stage within the market, projections on Q2 income state will be carefully watched. Earnings state estimates for potentially the most stylish quarter now stand at +2.1% vs. the +6.5% projected at the beginning of the yr. The industrial headliner within the week forward will be when the preliminary estimate for Q1 GDP is released on April 26. Economists rely on state of 1.8% to be reported, which is beneath final yr’s total toddle of +2.9% – but elevated than some expectations fired off at some level of the warmth of the federal government shutdown.


Important earnings stories: Halliburton (NYSE:HAL), Whirlpool (NYSE:WHR) on April 22; Twitter (NYSE:TWTR), Snap (NYSE:SNAP), eBay (NASDAQ:EBAY), Coca-Cola (KO), Verizon (VZ), Procter & Gamble (PG), Texas Devices (NASDAQ:TXN) and United Technologies (UTX) on April 23; Tesla (TSLA), Fb (NASDAQ:FB), Microsoft (MSFT), Visa (V), Caterpillar (CAT), AT&T (NYSE:T), Chipotle (NYSE:CMG), PayPal (NASDAQ:PYPL) and Boeing (BA) on April 24; Amazon (NASDAQ:AMZN), Intel (NASDAQ:INTC), Starbucks (NASDAQ:SBUX), Ford (NYSE:F), Comcast (NASDAQ:CMCSA), UPS (NYSE:UPS), AbbVie (NYSE:ABBV) and Altria (NYSE:M)) on April 25; Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Archer Daniels Midland (NYSE:ADM) and IMAX (NYSE:IMAX) on April 26. Perceive Looking for Alpha’s Earnings Calendar for the total checklist of earnings journalists.

Anticipated IPO pricings: No original pricings are on the calendar for next week after a sizzling week for contemporary choices. For these that missed it, Pinterest (NYSE:PINS) jumped 28% on its first day of trading, whereas Zoom Video Communications (NASDAQ:ZM) topped that performance with a 72% rip.

IPO lockup expirations: Yeti (NYSE:YETI), StoneCo (NASDAQ:STNE) and Pintec Technology (NASDAQ:PT) peep lockups expire on April 23. Yeti is the actual person that could peep some insider promoting with shares up 119% YTD.

IPO calm duration expirations: Genfit (NASDAQ:GNFT) and Precision BioSciences (NASDAQ:DTIL) on April 22; Lyft (NASDAQ:LYFT) on April 23.

Autonomy discuss: Tesla (TSLA) guarantees to scheme a deep dive into its self-driving abilities at an Autonomy Investor Day tournament on April 22. The corporate says it is making valuable growth within the building of self reliant driving blueprint and hardware, at the side of the FSD computer, which is for the time being in production and can just aloof enable elephantine-self driving via future over-the-air blueprint updates. “Tesla will free traders from the tyranny of having to power their procure vehicle,” teased Elon Musk on Twitter. Moreover interpreting what he intended by “traders” in region of traders, a pair of substantial questions going into the tournament are if Tesla can enact Stage four or Stage 5 self reliant driving without LiDAR and the design does the EV automaker understanding to monetize its self reliant driving program. That final level can even very well be of excessive hobby for traders of publicly-traded Lyft (LYFT), quickly-to-substitute Uber (UBER) and even self reliant-minded Ford (F) and Total Motors (NYSE:GM). The autonomy tournament arrives ultimate two days sooner than Tesla’s earnings day. As soon as extra, the company’s elephantine-yr guidance and conference name cadence could send bulls and bears abet into the fight zone.

Projected dividend adjustments (quarterly): Ameriprise (NYSE:AMP) to $0.Ninety eight from $0.Ninety, Amphenol (NYSE:APH) to $0.26 from $0.23, Avery Dennison (NYSE:AVY) to $0.57 from $0.fifty two, Grainger (NYSE:GWW) to $1.forty four from $1.36, Invesco (NYSE:IVZ) to $0.31 from $0.30, J&J (NYSE:JNJ) to $0.ninety six from $0.Ninety ,MetLife (NYSE:MET) to $0.forty four from $0.forty two, Nasdaq (NASDAQ:NDAQ) to $0.50 from $0.forty four, Paychex (NASDAQ:PAYX) to $0.Sixty two from $0.fifty six, Main Financial (NASDAQ:PFG) to $0.fifty five from $0.fifty four, Xilinx (NASDAQ:XLNX) to $0.37 from $0.36, Exxon (XOM) to $0.86 from $0.eighty two, Financial institution of Hawaii (NYSE:BOH) to $0.64 from $0.Sixty two, Brookline Bancorp (NASDAQ:BRKL) to $0.eleven from $0.one zero five, Cullen/Frost (NYSE:CFR) to $0.70 from $0.67, Central Pacific (NYSE:CPF) to $0.24 from $0.21, Evercore (NYSE:EVR) to $0.60 from $0.50, First Financial Bankshares (NASDAQ:FFIN) to $0.22 from $0.21, Comfort Systems USA (NYSE:FIX) to $0.10 from $0.95, Huge Western Banc (NYSE:GWB) to $0.29 from $0.25, Lithia Motors (NYSE:LAD) to $0.31 from $0.29, Legg Mason (NYSE:LM) to $0.36 from $0.34, Moog (NYSE:MOG.A) to $0.27 from $0.25, Northfield Bancorp (NASDAQ:NFBK) to $0.12 from $0.10, Webster Financial (NYSE:WBS) to $0.35 from $1/Three.

Highlight on Caterpillar: The manufacturing huge is considered reporting Q1 income of $13.4B (+four.four% Y/Y) and EPS of $2.86. Sooner than the document, Caterpillar became downgraded by every UBS (Promote) and Deutsche Financial institution (Retain) on concerns Side freeway estimates are too excessive. Shares of Caterpillar are up 13% YTD and substitute at ultimate beneath 12X forward earnings estimates. As continuously, what CAT says about world state, commodity prices and China could resonate across loads of sectors.

Highlight on Lululemon: Lululemon (NASDAQ:LULU) CEO Calvin McDonald and other members of the senior management workforce will be in Restful York Metropolis for the company’s analyst day tournament on April 24. The presentation desires to be a victory lap of forms for LULU pros with shares up Eighty% over the final fifty two weeks. That runaway rally has some analysts conflicted. “Lululemon’s clearly in point of fact appropriate one of many strongest retail state tales,” notes Instinet’s Simeon Siegel. “On the different hand, it seems both gross sales or margins are coming near a peak,” he warns.

M&A tidbits: UQM Technologies (NYSEMKT:UQM) shareholders are scheduled to vote on the company’s acquisition by Danfoss on April 23. UQM closed at $1.67 on Thursday vs. the $1.71 deal tag. Reps from Escape (NYSE:S) and T-Cellular (NASDAQ:TMUS) will meet with the California Public Utilities Commission on April 23. Furthermore, the mushy provide duration begins for MTY’s $190M buyout of Papa Murphy’s (NASDAQ:FRSH) on April 25.

FDA peep Alder BioPharmaceuticals (NASDAQ:ALDR) is anticipated to gain out whether or no longer its eptinezumab BLA therapy for episodic/chronic migraines has been permitted for FDA evaluation next week. The Pdufa date for AbbVie/Boehringer’s Skyrizi therapy in psoriasis is moreover anticipated.

JEDI staring at: Oracle (NYSE:ORCL) is free to file a supplemental complaint within the tech company’s lawsuit over the $10B “winner-contain-all” cloud computing contract being awarded by the Pentagon. An circulation from Oracle could near quickly because it challenges the terminate relationship between Amazon (AMZN) and worn Protection Department officials. A gradual charger within the excessive-stakes contest for the JEDI contract is Microsoft (MSFT). The Redmond tech huge became given a forty% of a JEDI select earlier this month by the analyst workforce at Wedbush after making the short checklist when IBM (NYSE:IBM) and Oracle were scratched off.

Paper, packaging and pulp: Industry info is anticipated out next week to practice on a old read for March containerboard and field statistics. The industry became moreover rattled by a recent downgrade from Financial institution of The US Merrill Lynch on World Paper (NYSE:IP) and Packaging Corp (NYSE:PKG), besides as a tag goal cut on WestRock (NYSE:WRK). Set an take a look at on Boise Cascade (NYSE:BCC), Domtar (NYSE:UFS), Graphic Packaging (NYSE:GPK) and Weyerhaeuser (NYSE:WY) besides.

Product showcase: TransAct Technologies (NASDAQ:TACT) hosts a product showcase for its BOHA! SaaS-based fully ecosystem on April 23. BOHA! is described as a comprehensive ecosystem of cloud-based fully SaaS apps and hardware designed to lend a hand restaurant and food service corporations automate their abet-of-residence operations

Industry replace name: Charles Schwab (NYSE:SCHW) will replace traders on a name scheduled for April 26.

What’s in a title?: Weight Watchers (NASDAQ:WTW) begins trading beneath its original ticker image WW on April 22. The corporate has moreover rebranded its corporate identity to WW to tumble based fully on its transition to a world wellness company. Shares of Weight Watchers were in a downward skid, down fifty one% YTD and 71% lower over the final fifty two weeks. In the interim, OTC-traded Zoom Technologies (OTC:ZOOM) skyrocketed final week on what looks a case of unsuitable identity after Zoom Video’s (ZM) IPO. Quiz some zooming within the different route within the week forward.

Arcview Investor Discussion board: FSD Pharma (OTCQB:FSDDF) pros will be in Vancouver on April 23-25 to amass half in talks conserving investing in plant genetics, whereas Social Existence Network (OTCQB:WDLF) subsidiary MjLink.com is presenting on pre-IPO opportunities.

Important annual meetings: Fastenal (NASDAQ:FAST), Structure Communications (NASDAQ:CHTR) and Centene (NYSE:CNC) on April 23; Grainger (GWW) on April 24; Lockheed Martin (NYSE:LMT), Pfizer (NYSE:PFE) and Kellogg (NYSE:K) on April 25; Abbott Laboratories (NYSE:ABT) and Incyte (NASDAQ:INCY) on April 26.

Box region of enterprise: A gradual weekend is anticipated on the U.S. field region of enterprise with ideal The Curse of La Llorona and Shazam! forecast to top $15M. That every person ends next week when the buzz begins expand for Avengers: Endgame. The Disney (NYSE:DIS) movie is anticipated to generate mountainous traffic at theaters and given a probability at breaking the all-time excessive U.S. opening weekend field region of enterprise tally of $258M generated by the final Avengers movie. The endgame for AMC Entertainment (NYSE:AMC), Cinemark (NYSE:CNK), Marcus Company (NYSE:MCS) and IMAX (IMAX) can even moreover be a extremely fantastic Q2 enhance.

Barron’s mentions: Healthcare insurers UnitedHealth Crew (NYSE:UNH), Anthem (NYSE:ANTM), Cigna (NYSE:CI), Humana (NYSE:HUM) and CVS Health (NYSE:CVS) are known as vivid for traders with a time horizon of no no longer up to 12 to 18 months. Remaining week, the community traded down in a cross attributed to Bernie Sanders rise within the polls, but that response is considered as overdone In the interim, within the beer sector there is a warning issued on Boston Beer (NYSE:SAM) as a result of struggles of the Samuel Adams tag to gain state. As soon as the craft beer heavyweight, Boston Beer is now swimming with indie competition. Avi Salzman thinks the functionality reward on Spotify (NYSE:SPOT) isn’t definitely price the probability. “As the company has expanded, its moderate income per user has fallen, since it’s rising faster in much less profitable markets and extra of us are deciding on student and household plans,” he notes. It is moreover noticed that traders tag the company at $25B, extra than the annual income of the total world recorded-song industry.

Sources: Nasdaq, EDGAR, Reuters, CNBC, Bloomberg, Fluctuate

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