Welcome to Seeking Alpha Watch – Review of key events scheduled next week. Follow this account and turn on the e-mail alert to receive this article in your mailbox every Saturday morning. The Podcast Watch Action is also available on Seeking Alpha, iTunes, Stitcher and Spotify on Sunday.
The next week's title is the Federal Open Market Committee meeting and subsequent press with Jerome Powell on June 19: 30 hours S & P expects the Fed to signal at its June meeting next week that it intends to start lowering prices. Currently, the futures trading of federal funds is pricing in two interest rate cuts before the end of the year, but only 23% likely to reduce the price of the June meeting. Also, some chapters will surely turn out, the conference season is in full swing and the IPO market continues to throw some heat with Fiverr (NYSE: FVRR), Beyond Meat (NASDAQ: BYND) and Chewy (NYSE: CHWY) Shakes off the latest Uber and Lyft debut. The tariff saga looks a little better than next week after some companies like RH (NYSE: RH) and Oxford Industries (NYSE: OXM) climbed when their jobs were impressed. Finally, the week ends with a trade wake as Slack Technologies (WORK) releases its unique direct list of stocks on June 20th and the fourth day will arrive on June 21
Remarkable Revenue Reports: Adobe Systems (NASDAQ: ADBE), Jabil (NYSE: JBL) and La-Z-Boy (NYSE: LZB) Oracle (NYSE: ORCL), American Outdoor Brands (NASDAQ: AOBC) and Winnebago (NYSE: WGO) on June 19; Red Hat (NYSE: RHT), DYNES (DRY), Canopy Growth (NYSE: CGC) and Kroger (NYSE: KR) on June 20; CarMax (NYSE: KMX) on June 21. See the Alpha Revenue List for a full list of Reporters for Revenue. Stoke Therapeutics (STOK) is expected to value IPO on June 18, while Akero Therapeutics (AKRO), Atreca (BCEL), Dermavant Sciences (DRMT), Grocery Outlet Holdings ), Personalis (PSNL) and Prevail Therapeutics (PRVL) are set to cost on June 20th. Quiet periods end at the Midtstream of Rattler (NASDAQ: RTLR), Ideaya Biosciences (NASDAQ: IDYA) and Cycling Therapy (NASDAQ: BCYC) on June 17th. Meanwhile, stock blocking expired on June 17 with Amarant (NASDAQ: AMTB), LiveXLive Media (NASDAQ: LIVX) and Datasea (NASDAQ: DTSS) and Cardiol Therapeutics (OTCPK: CRTPF) on June 18th. In Tokyo, some shares of SoftBank Corp. (DRC) to $ 0.84 from $ 0.75, Fifth Third (NASDA) Q: FITB) to $ 0.24 from $ 0.22, Kroger (OTCPK: SOBKY) KR) to $ 0.155 from $ 0.14, Medtronic (NYSE: MDT) to $ 0.54 from $ 0.50, John Wiley (NYSE: JW.A) to $ 0.34 from $ 0.33, NASDAQ: SCVL
tidbits: Canopy Growth (CGC) shareholders are voting on the acquisition of Acreage on June 17th. Canopy says the Acreage acquisition deal is a clear way for the company to enter the US Cannabis Market when it becomes legally on a federal level. The commercial proposal to acquire Smart & Final Stores (NYSE: SFS) from Apollo Global Management expires on June 17th.
Slack Technologies Slack: Slack Technologies (WORK) expects to be valued by investors at $ 16B to $ 17B when chat / collaboration software at work lists stock on June 20 in a direct list. For the fiscal year ending in January, Slack expects to earn revenue of $ 590M (+ 50% Y / Y), but bottom line estimates vary considerably. With public quotes, Slack's shares are traded at prices ranging from $ 8.37 to $ 31.50 per share in the private market.
Paris Air Show: Expectations are quite low for the 53rd edition of the Paris Air Show, amid worries about global economic trends, trade clashes and dramatic grounding. Orders will probably be weak, and no new products are expected. Boeing (NYSE: BA) says it will showcase its wide range of trade, defense products, services and technology at the event, which will take place from 17-23 June at Paris-Bourges Airport. The company hopes that its presence and activities in the show will demonstrate its commitment to innovation, industrial partnerships and safety. While Boeing has more than 5,500 commercial airplanes, accrued for nearly $ 400 billion, the Seattle airshow gathered only 32 new orders for 737 aircraft. Airbus (OTCPK: EADSY) will present its long-term variant A321 and can declare a multi-billionth order for XLR from Saudi Arabian Airlines in Paris. Meanwhile, Embraer (NYSE: ERJ) will take over the first KC-390 mission airplane configured to work with the Brazilian Air Force in Paris. On the front of the deal, the Norwegian Air Shuttle (OTCPK: NWARF) heads to Paris with merger and acquisition talks and a joint press conference between United Technologies (NYSE: UTX) and Raytheon (NYSE: RTN) seems rather interesting.
Analyst / Investor Meetings: Tyson Foods (NYSE: TSN) will host Investors Day on June 20th. The variety of proteins, products, business models, distribution channels and geographic areas will be discussed. Tyson's departure from BYND and the release of alternative protein can also be discussed. Last month, Tyson was headed for $ 43 billion in sales for the whole year. Another key meeting next week will be Merck's first investment day (NYSE: MRK) for five years on June 20th. Credit Suisse called the event critical to the company to put forward a long-term vision and highlight factors that it can manage. additional growth, although no significant new messages are expected for late stage. Other calendar appointments include AAR (NYSE: AIR) on June 17; NYSE: SHOP and Matthews International (NASDAQ: MATW) on June 19 and Raymond James Finance (NYSE: RJF) on June 21
Transfers: Bank of America Merrill Lynch hosts Old Dominion Freight (NASDAQ: ODFL) meetings on June 18-19 in a case that could have far-reaching consequences. "These meetings are timely, as the weakness of volume indicates that we may enter into a cyclical downturn that can put pressure on the profits and profits of all carriers," BAML said. Follow NASDAQ: JBH Hunt Transport, Knight Swift Transportation (NYSE: KNX), Landstar Systems (NASDAQ: LSTR), Schneider National (NYSE: SNDR), and Heartland Express (NASDAQ: HTLD)
watch: Facebook (NASDAQ: FB) is expected to release a white paper for a new cryptoLight next week. The list of companies registered as consortium investors includes Paypal (NASDAQ: PYPL), Uber (NYSE: UBER), Visa (NYSE: V) and Mastercard (NYSE: MA). The White Paper may reveal how much of the Facebook threat will be on Bitcoin (BTC-USD), Ethereum (ETH-USD), XRP (USD), EOS (EOS) USD and gang. FDA Days of Action arrive for the treatment of Merck (MRK) Keytruda for the treatment of resistant small cell lung cancer and Pfizer (NYSE: PFE) Inlyta for cell carcinoma
Marine Money Week: works in New York from June 17th to June 19th. The speakers' agenda is Noble Corporation (NYSE: NE), SEACOR Marine Holdings (NYSE: SMHI), Tidewater (NASDAQ: TW), Eagle Bulk Shipping (NASDAQ: EGLE) NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: NYSE: DHT Holdings The Seeking Alpha News team plans to publish news from the site
Raymond James Life Sciences and MedTech Conference: The company's conference is held in New York from June 18-19. The companies that need to be introduced include Sensus Healthcare (NASDAQ: SRTS), Merit Medical (NASDAQ: MMSI), Five Premiere Therapy (NASDAQ: FPRX), Amneal Pharmaceuticals (NYSE: AMRX) , TransEnterix (NYSEMQ: TRXC), Zynex (NASDAQ: ZYXI), ANI Pharmaceuticals (NASDAQ: ANIP), Ontomi (NASDAQ: OTIC), Lannett (NYSE: LCI), Voyager Therapeutics ALLO), Mallinckrodt (NYSE: MNK), Ocular Therapy (NASDAQ: OCUL), Senseonics (NYSEMKT: SENS), Pharmaceuticals (NASDAQ: RARX), Alphatec, Quotient Limited, Teleflex [Prevision Biosciences] [Prevision Biosciences] (NASDAQ: DTIL), Allogene Therapeutics (ALLO), Integra LifeSciences (NASDAQ: IART),
19th Annual Oppenheimer's Growth and E-Commerce Conference NYSE: LOW, Dollar General (NYSE: DG), Vector Group (NYSE: MNRO), NASDAQ: VGR), Denny's (NASDAQ: DENN), United NYSE: UNFI, New Age (NASDAQ: NBEV), and Freshpet (NASDAQ: FRPT). Looking for a choice of value? At the head of the event, Oppenheimer visualized that he saw the risk and reward profile in BJ's (NASDAQ: BJRI) restaurants as too attractive to ignore. BJ will be at the consumer conference on June 19th.
Jefferies 2019 Users Conference: Companies with presentations and calls with outbreaks scheduled to take place in Nantucket from June 18-19 include Gap (NYSE: GPS), Store of Container (NYSE: TCS), NYSE: VSI, NASDAQ: MEET, NASDAQ: LE), Avon (NYSE: AVP), Nu Skin (NYSE), Herbalife (NYSE: HLF) , Planet Fitness (NYSE: PLNT), Yeti (NYSE: YETI), Sysco (NYSE: SYY), Wayfair (NYSE: W) and Dunkin & Brands (NASDAQ: DNKN).
Lyft's short-term interest rate (NASDAQ: LYFT) was 55.4% of the total Uber (UBER) at 13.9%, while short-term interest rates rose to 45.4% for Beyond Meat (BYND). Tesla's brief interest (NASDAQ: TSLA) is 35.4% of the floating or about $ 9.74B in bets. It is still below $ 13.1B in short-term interest in Alibaba (NYSE: BABA) and $ 10.1B in Apple (OTC: APPL), although the overall flow rate is only 3.15% and 1.28% respectively for technology giants.
Remarkable Annual Meetings: The shareholders of J. Alexander (NYSE: JAX) will vote on the candidates and the plan to boost the property of the restaurant operator on June 20th. Things will not be so stormy in the alphabet (GOOG, GOOGL) with Employees and shareholders cooperating in a demonstration of a shareholders' meeting for June 19th. The protest will encourage a favorable vote for proposals banning the NDA in cases of harassment and discrimination, linking compensation to the company's diversity goals, and asking for a human rights impact assessment of the potential censored search engine in China.
Credit Card Reports: Billing reports are due June 17 by JPMorgan (NYSE: JPM), American Express (NYSE: AXP), Citigroup (NYSE: , Capital One Fi Financial (NYSE: COF), Discover Financial (NYSE: DFS), and Synchrony Financial (NYSE: SYF).
Shares: Dynex Capital (NYSE: DX) is scheduled to realize a 1-for-3 feedback
Business Talk: Chanticleer Holdings (NASDAQ: BURG) June 17 to discuss the acquisition of a highly complementary better burger brand with industry leading figures
Box office: A relatively quiet week is the creation of an American box office with Men in Black: International Expected to lead $ 30 million for his debut in 4.2K theaters. It is assumed that "The Secret Life of Pets 2" will bring $ 25 million, while "Disney" (NYSE: DIS) Aladdin is seen to generate $ 16 million in Warner Bros. (NYSE: T) Shaft is expected to make its debut with a $ 14M weekend.
Barron's mention: United Technologies (UTX) and Raytheon (RTN) will be relieved if the merger of the defense contractor is equal to a shout, speculating Andrew Barry. Investors will get a cheaply priced aerospace and defense conglomerate, but they will also have to bear in mind that they are still in default until the closure expected in the first half of 2020. Amazon's (NASDAQ: AMZN) seen as adding costs to retailers as they seek to send packets and find their game to detect fraud. The depth value is seen by McKesson (NYSE: MCK), Cardinal Health (NYSE) (CAH) and AmerisourceBergen (NYSE: ABC) for long-term investors, given that h drug apathy is too great due to fears of falling generic prices, court cases of opiate liability, and patent law
Sources: CNBC, Nasdaq, EDGAR, Bloomberg, MIT Technological review