Welcome to Seeking Alpha's Stocks to Watch - a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
The Apple (NASDAQ:AAPL) Worldwide Developers Conference begins on June 4 with expectations running high the company will unveil some interesting treats for developers and consumers. At the very least, Apple is expected to preview new software features for the Mac, Apple Watch, Apple TV, iPhone and iPad - as well as display digital health and augmented reality initiatives. On the hardware side, a MacBook Pro refresh could be in the works, while software coders are likely to hear about Swift 5 and new APIs. Engadget speculates that an intriguing iOS-macOS platform unification could be revealed, while Reuters tips that Apple will unveil tools to let iPhones users share augmented reality data. The conference's keynote address is at 1:00 p.m. EDT (watch here) on June 4. Shares of Apple closed at $190.24 on Friday, just off their all-time high of $190.37. Will Apple have a market cap of over one trillion dollars the next time WWDC rolls around?
Notable earnings reports: Palo Alto Networks (NYSE:PANW) and Casey's General Stores (NASDAQ:CASY) on June 4; Ambarella (NASDAQ:AMBA) and Guidewire Software (NYSE:GWRE) on June 5; Thor Industries (NYSE:THO) and Five Below (NASDAQ:FIVE) on June 6; Broadcom (NASDAQ:AVGO), VeriFone Systems (NYSE:PAY), Stitch Fix (NASDAQ:SFIX) and J.M. Smucker (NYSE:SJM) on June 7. See Seeking Alpha's Earnings Calendar for the complete list.
D.C. watch: Congress returns to session next week to take up a number of issues, including the Water Resources and Development Act. Keep an eye on water infrastructure names such as Xylem (NYSE:XYL), Granite Construction (NYSE:GVA)-Layne Christensen (NASDAQ:LAYN) and Itron (NASDAQ:ITRI) to see how they shake out. Japanese Prime Minister Shinzo Abe will meet with President Trump in the White House on June 7 in what's expected to be a friendly exchange. Commerce Secretary Wilbur Ross is scheduled to visit China at the end of the week for more trade wrangling. United Continental (NASDAQ:UAL) CEO Oscar Munoz plans to speak at the Economic Club of Washington on June 7.
Projected dividend hike announcements: Alexandria Real Estate (NYSE:ARE) to $0.93 from $0.90, GE (NYSE:GE) to $0.06 from $0.12, H&R Block (NYSE:HRB) to $0.25 from $0.24, UnitedHealth (NYSE:UNH) to $0.90 from $0.75, Casey's (CASY) to $0.28 from $0.26, Tootsie Roll (NYSE:TR) to $0.10 from $0.874, Universal Health Realty (NYSE:UHT) to $0.67 from $0.665.
Notable Analyst/investor meetings: Kilro Realty ((NYSE:KRC) and TherapeuticsMD (NASDAQ:TXMD) on June 4; Wix.com (NASDAQ:WIX) and BlackRock (NYSE:BLK) on June 5; Skechers (NYSE:SKX), Molson Coors (NYSE:TAP), Booz Allen Hamilton (NYSE:BAH), Stock Yards Bancorp (NASDAQ:SYBT) and Agilent Technologies (NYSE:A) on June 6; Ralph Lauren (NYSE:RL), White Mountains Insurance (NYSE:WTM) and Reinsurance Group of America (NYSE:RGA) on June 7, Conduent (NYSE:CNDT) on June 8.
Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference: Presenting companies include Booking Holdings (NASDAQ:BKNG), Host Hotels & Resorts (NYSE:HST), Expedia (NASDAQ:EXPE), Cedar Fair (NYSE:FUN), Six Flags Entertainment (NYSE:SIX), Sysco (NYSE:SYY), US Foods (NYSE:USFD), Hyatt Hotels (NYSE:H) and Marriott International (NASDAQ:MAR).
Annual meetings: Two companies that generate their fair share of discussion hold their annual shareholders events this week, with Tesla (NASDAQ:TSLA) holding a meeting on June 5 and Netflix (NASDAQ:NFLX) following up on June 6.
Sports betting: Mark it down that Delaware will begin offering sports betting at all three of its licensed casinos on June 5 at 1:30 p.m. Single games bets will be taken at the Dover Downs Hotel & Casino, Delaware Park and Harrington Raceway & Casino on baseball, football, hockey, basketball, soccer, golf and auto racing. Shares of Dover Downs (NYSE:DDE) have soared ahead of the sports book opening.
M&A watch: Watch International Paper (NYSE:IP) this week as the deadline for the Smurfit Kappa (OTCPK:SMFTF) deal arrives on June 6. Wells Fargo thinks IP shares could rise if deal efforts are scrapped. AmTrust Financial Services shareholders (NASDAQ:AFSI) vote on the company's go-private deal on June 4. The go-shop period on the acquisition of Mitel Networks (NASDAQ:MITL) by Searchlight Capital Partners expires on June 7.
World Cup buildup: As the buzz over the World Cup accelerates next week, expect plenty of stock tips from analysts. Twitter (NYSE:TWTR), Adidas (OTCQX:ADDYY) and Anheuser-Busch InBev (NYSE:BUD) have already been tapped as companies that will see a benefit, while Macau casino gambling is forecast to fall off a bit during the month. Nike (NYSE:NKE) reported that it took in a startling 3M pre-orders for the Nigeria home jersey to be worn at the tournament and a store in London sold out of the African team's kit within minutes of opening. The first World Cup game is on June 14 in Moscow when Russia plays Saudi Arabia in a battle of oil majors.
American Society of Clinical Oncology annual meeting: The annual meeting of oncology professionals runs this weekend through June 5 in Chicago. Companies on watch for developments with various Phase 1 and Phase 2 data updates include Celgene (NASDAQ:CELG), bluebird bio (NASDAQ:BLUE), Nektar Therpeutics (NASDAQ:NKTR), Bristol-Myers Squibb (NYSE:BMY), Merck (NYSE:MRK), Tesaro (NASDAQ:TSRO), AstraZeneca Group (NYSE:AZN), AbbVie (NYSE:ABBV) and Jounce Therapeutics (NASDAQ:JNCE).
Supreme Court: Decisions could be handed down from the high court on June 4, including the key ruling on if states should be allowed to impose taxes on online retailers regardless of whether they have a physical presence within their borders. The SCOTUS decision could impact how non-tax paying online sellers such as Wayfair (NYSE:W), Overstock.com (NASDAQ:OSTK) and NewEgg stack up alongside Amazon (NASDAQ:AMZN) with the brick-and-mortar world.
Evercore ISI Autonomous Driving, AI & Mobility Forum: Arriving on the heels of a massive investment by SoftBank (OTCPK:SFTBY) in GM's Cruise Automation, some major self-driving players such as Intel (NASDAQ:INTC), Nvidia (NASDAQ:NVDA), Wave Computing, Aptiv (NYSE:APTV) and Ford (NYSE:F) compare notes in San Francisco.
SpaceX: A SpaceX (SPACE) Falcon 9 rocket is due to launch a communications satellite for Luxembourg on June 4.
Barron's mentions: Lincoln National (NYSE:LNC) is seen as a cheap stock with plenty of upside potential as annuity sales track higher. The volatile nature of crypto investment trusts is dissected by the publication as Bitcoin Investment Trust (OTCQX:GBTC), Ethereum Classic Investment Trust (OTCQX:ETCG), ARK Innovation ETF (NYSEARCA:ARKK) and the ARK Web x.0 ETF (NYSEARCA:ARKW) all fall under the microscope. Commodities traders are warned that an active hurricane season in the Atlantic and Gulf of Mexico this year could thrash prices around.
Sources: EDGAR, Bloomberg, CNBC and Reuters.
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