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.
Investors will be looking for some soothing signs of global cooperation next week amid the continuing erosion of equity markets. In Europe, U.K. and European Union leaders are scheduled to meet for more Brexit talks at a special summit that begins in Brussels on November 25. Meanwhile, the highly-anticipated G-20 meeting in Buenos Aires begins on November 30, headlined by the planned meeting between President Trump and Chinese Premier Xi Jingping. As for the sharp drop in crude oil prices, while there's some debate on if global growth concerns are a bigger factor than Saudi Arabia production levels, you can't overlook the wildcard of having Saudi Crown Prince Mohammed bin Salman, Russian President Vladimir Putin and President Trump all in Argentina at the end of the week.
Notable earnings reports: Salesforce.com (NYSE:CRM), Momo (NASDAQ:MOMO) and GameStop (NYSE:GME) on November 27; Box (NYSE:BOX), J.M. Smucker (NYSE:SJM) and Dick's Sporting Goods (NYSE:DKS) on November 28; Splunk (NASDAQ:SPLK), Hewlett-Packard (NYSE:HPQ), Dollar Tree (NASDAQ:DLTR), Workday (NASDAQ:WDAY) and Palo Alto Networks (NYSE:PANW) on November 29. See Seeking Alpha's Earnings Calendar for the complete list of earnings reporters.
IPOs expected to price: No new action anticipated.
Projected dividend changes: Disney (NYSE:DIS) to $0.90 from $0.84, McCormick (NYSE:MKC) to $0.56 from $0.52, Raymond James (NYSE:RJF) to $0.35 from $0.30, Cantel Medical (NYSE:CMD) to $0.10 from $0.085, J&J Snack Foods (NASDAQ:JJSF) to $0.48 from $0.45, La-Z-Boy (NYSE:LZB) to $0.13 from $0.12, Neenah (NYSE:NP) to $0.45 from $0.41.
Cyber Monday: Updates on Cyber Monday sales could come in during the week from Wayfair (NYSE:W), Shopify (NYSE:SHOP), Amazon (NASDAQ:AMZN) and eBay (NASDAQ:EBAY). Last year, the companies all posted dazzling growth, although their reports on activity ranged from very detailed (Wayfair) to somewhat vague (Amazon). The catch-all investment for online shopping is the Amplify Online Retail ETF (NASDAQ:IBUY), which has seen some volatility this year. IBUY closed up 0.9% on Friday after Black Friday online sales reports came in strong, but trades 23% below its 52-week high.
Mars: NASA's planned landing of the Insight spacecraft is a huge moment for Lockheed Martin (NYSE:LMT). The lander built by Lockheed is due to touch down in the Elysium Planitia region of Mars at around 3:00 p.m. ET on November 26. A Lockheed mission operations team based out of Denver will support science collection through the life of the mission, estimated to last approximately two Earth years or one Martian year. Investors are looking for a little Mars magic, with shares of Lockheed Martin down 8.0% YTD.
Food for thought: Campbell Soup (NYSE:CPB) holds its shareholder meeting on November 29 amid a raging proxy battle with Third Point. Shares of Campbell Soup are up 3.5% since the company reported better-than-anticipated Q3 results, but the food company still has some work to do. Wells Fargo points to the new CEO selection, Lance-Snyder integration and soup turnaround as some big hurdles that need to be cleared. It's hard to say if any M&A news will come out of the Campbell meeting, but food names such as J.M. Smucker (SJM), Farmer Bros. (NASDAQ:FARM), General Mills (NYSE:GIS), Flower Foods (NYSE:FLO), Kellogg (NYSE:K) and Hostess Brands (NASDAQ:TWNK) have been perky off of Campbell developments.
Los Angeles Auto Show: The L.A. Auto Show running from November 30 to December 9 will have a heavy focus on Automobility, including speakers on the topic from Ford (NYSE:F), General Motors (NYSE:GM), Magna International (NYSE:MGA), Lucid Motors, Honda (NYSE:HMC) and even an Amazon Alex exec. Visa (NYSE:V) will also be represented on an Automobility panel. Notable models debuting at the show include the 2020 Toyota (NYSE:TM) Corolla hybrid, BMW (OTCPK:BMWYY) X/5/X7 Sport Activity and 2020 Kia (OTCPK:HYMLF) Soul Crossover - as well as surprise models from Porsche (OTCPK:POAHY) and Nissan (OTCPK:NSANY).
Carvana in focus: Carvana (NYSE:CVNA) is scheduled to host its analyst day event on November 29. Wolfe Research has tipped that the event could be a catalyst if the company clears up the visibility on its long-term margin profile.
New Jersey: Keep an eye on the Garden State, with the New Jersey Senate Budget and Appropriations committee and the Assembly Appropriations committee set to meet on November 26 to discuss four marijuana-related bills. If legislation is to move forward, lawmakers will have to work out a tax rate for marijuana producers and retailers in the state. Good news out of New Jersey could provide a little lift for Cronos Group (NASDAQ:CRON), Aurora Cannabis(NYSE:ACB), Aphria (NYSE:APHA), Canopy Growth (NYSE:CGC), Tilray (NASDAQ:TLRY) and gang.
FDA watch FDA decision are due on Loxo Oncology (NASDAQ:LOXO)-Bayer 's (OTCPK:BAYRY) larotrectinib tumor treatment and Catalyst Pharmaceutical's (NASDAQ:CPRX) Firdapse treatment for Lambert- Eaton myasthenic syndrome. There could also be FDA action on the resubmitted application from Celltrion-Teva Pharmaceutical Industries (NYSE:TEVA) on the Truxima biosimilar.
Evercore ISI HealthcareX: One of the bigger healthcare conferences of the year is scheduled to run from November 26 to November 29. Presenting companies include Agilent Technologies (NYSE:A), AbbVie (NYSE:ABBV), Arena Pharmaceuticals (NASDAQ:ARNA), Alexion Pharmaceuticals (NASDAQ:ALXN), Biogen (NASDAQ:BIIB), bluebird bio (NASDAQ:BLUE), CVS Health (NYSE:CVS), GlaxoSmithKline (NYSE:GSK), Illumina (NASDAQ:ILMN), Incyte (NASDAQ:INCY), Qiagen (NYSE:QGEN), Charles River Laboratories (NYSE:CRL) and Natera (NASDAQ:NTRA).
M&A tidbits: The window-shopping period on the American Railcar Industries (NASDAQ:ARII) merger with ITE Rail Fund expires on November 26. American Railcar trades slightly below the $70 deal price. Shareholders at LaSalle Hotel Properties (NYSE:LHO) and Pebblebrook Hotel Trust (NYSE:PEB) vote on their proposed combination on November 27. If approved, the merger is slated for November 30. The deadline on the first phase of the European Commission review of the PepsiCo (NASDAQ:PEP)-SodaStream (NASDAQ:SODA) deal is November 30.
Consumer heat check: The Deutsche Bank Gaming, Lodging, Leisure & Restaurants One on One Conference is scheduled to take place in Scottsdale, Arizona from November 29-30. Presenting companies include BBX Capital (NYSE:BBX), Bluegreen Vacations (NYSE:BXG), Boyd Gaming (NYSE:BYD), Avis Budget (NASDAQ:CAR), Caesars Entertainment (NASDAQ:CZR), Eldorado Resorts (NASDAQ:ERI), Cedar Fair (NYSE:FUN), Golden Entertainment (NASDAQ:GDEN), Hilton Worldwide (NYSE:HLT), International Game Technology (NYSE:IGT), MGM Resorts (NYSE:MGM), Norwegian Cruise Line Holdings (NYSE:NCLH), Penn National Gaming (NASDAQ:PENN), Playa Hotels & Resorts (NASDAQ:PLYA), Red Rock Resorts (NASDAQ:RRR), Scientific Games (NASDAQ:SGMS), Extended Stay America (NASDAQ:STAY), Marriott Vacations (NYSE:VAC), Wyndham Hotels & Resorts (NYSE:WH), Wyndham Destinations (NYSE:WYND) and Wynn Resorts (NASDAQ:WYNN).
Spotlight on industrials: The Credit Suisse Industrials Conference runs in Palm Beach, Florida from November 28-29. Expect to hear views on the macroeconomic climate and impact of tariffs from a list of heavy hitters that includes ADSW, Canadian Pacific (NYSE:CP), Eaton (NYSE:ETN), Fortive (NYSE:FTV), Jacobs Engineering (NYSE:JEC), Kansas City Southern (NYSE:KSU), 3M (NYSE:MMM), Mastec (NYSE:MTZ), Quanta Services (NYSE:PWR), United Continental (NASDAQ:UAL), Caterpillar (NYSE:CAT), Cummins (NYSE:CMI), Covanta (NYSE:CVA), Fluor (NYSE:FLR), Northrop Grumman (NYSE:NOC) and SPX (NYSE:SPXC).
Box office: Movie theater operators Cinemark (NYSE:CNK), AMC Entertainment (NYSE:AMC), Reading International (NASDAQ:RDI) and Marcus Corporation (NYSE:MCS) are looking for a big office weekend, with strong forecasts in for Disney's (DIS) Ralph Breaks the Internet ($49M), MGM's Creed 2 ($36M), Warner Bros. (NYSE:T) film Fantastic Beasts: The Crimes of Grindelwald ($30M) and Universal's (NASDAQ:CMCSA) Dr. Seuss’ The Grinch ($27M). The YTD U.S. box office is up 10.2% to $10.43B through November 19.
Barron's mentions: The plunge in Target's (NYSE:TGT) share price makes it a bargain, reasons Jack Hough. Is a 5.1% increase in same-store sales and 49% pop in e-commerce sales all that bad? It's seen as more than a little interesting that Berkshire Hathaway ([[BRK.A)]], BRK.B) is plowing money into big banks, investing more than $4B in JPMorgan Chase (NYSE:JPM) in Q3 and $6B in Bank of America (NYSE:BAC). Buffett also holds stakes in Wells Fargo (NYSE:WFC), U.S. Bancorp (NYSE:USB), Goldman Sachs (NYSE:GS), PNC Financial (NYSE:PNC), and Bank of New York Mellon (NYSE:BK). Andrew Bary notes that even though the yield curve has been narrowing, banks have been reporting wider net interest margins. Tae Kim looks at the FAANG stocks one by one. Alphabet (GOOGL, GOOG) is called the most attractive, while too many clouds are seen with Netflix (NASDAQ:NFLX).
Sources: Nasdaq, EDGAR, Reuters, The Wall Street Journal, Bloomberg
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