Stocks To Watch: Favorable Trade Winds?

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Includes: AAPL, AB, ADC, AEO, AFL, AIG, AIQ, AMT, AMTB, APO, ARE, ARES, ATUS, AVGO, BFS, BK, BKE, BMWYY, BMY, BOTZ, BX, CAT, CATO, CBS, CHRW, CMA, CMCSA, CMD, CNF, COR, COST, CTL, DDAIF, DE, DEI, DFS, DG, DMAC, DOCU, ECL, EIX, EMN, EVR, F, FB, FBHS, FCAU, FIVE, FMC, FOXA, GE, GGG, GM, GOOG, GOOGL, GSK, GXYEF, HI, HMC, HYMLF, IBM, JCI, JJSF, JPM, KEY, KR, LAZ, LB, LULU, MA, MAA, MDP, MED, MGTX, MLCO, MOGU-OLD, MOMO, MRK, MRNA, MRVL, MSC, MSFT, MT, MTOR, NDAQ, NFLX, NKE, NSANY, NVS, ORCL, PFE, PGR, PRU, PVH, PYPL, QCOM, RF, RH, SIVB, SKX, SONM, SPACE, SPLK, STI, STT, SYF, SYK, T, TBLTU, THG, TM, TROX, TTC, UGI, UHT, ULTA, USB, VAC, VALE, VFC, VIA, VWAGY, YUM, ZAYO, ZNGA
by: SA Stocks To Watch

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.

Stocks are expected to take their cues next week from the tone coming out of the G-20 meeting of President Donald Trump and Chinese leader Xi Jinping. Even a short truce between the U.S. and China on trade could be enough to keep the recent rally percolating. Investors should keep their eyes on industrials in particular, including Caterpillar (NYSE:CAT) and Deere (NYSE:DE), if the trade news is even better than anticipated. Some apparel stocks such as Nike (NYSE:NKE) and PVH(NYSE:PVH) could also fall in favor. It's more complicated for the beat-up automobile sector, still facing questions on global growth, the ramifications of the U.S.-Mexico-Canada Agreement replacing NFTA and the blowback from the General Motors (NYSE:GM) plant cuts. However, next week top execs from Volkswagen (OTCPK:VWAGY), Daimler (OTCPK:DDAIF) and BMW (OTCPK:BMWYY) are reportedly attending a White House meeting to talk trade policy in what could be an interesting end around the formal EU talks.


Notable earnings reports: Dollar General (NYSE:DG), Marvell Technology (NASDAQ:MRVL) and RH (NYSE:RH) on December 4; Lululemon (NASDAQ:LULU), Five Below (NASDAQ:FIVE), American Eagle Outfitters (NYSE:AEO) and Momo (NASDAQ:MOMO) on December 5; DocuSign (NASDAQ:DOCU), Ultra Beauty (NASDAQ:ULTA), Kroger (NYSE:KR) and Broadcom (NASDAQ:AVGO) on December 6. See Seeking Alpha's Earnings Calendar for the complete list of earnings reporters.

Jobs report: The Labor Department is due to release November's jobs report on December 7. Expectations are for a nonfarm payrolls tally of +205K vs. +250K in October. The unemployment rate is expected to stay at 3.7% and average hourly earnings are seen rising 3.1% compared to a year ago.

Oil: The Organization of the Petroleum Exporting Countries will meet on Dec. 6 in Vienna to discuss output policy with some non-OPEC oil producers, including Russia. Saudi Arabia is reportedly pushing for a collective production decrease and is discussing a proposal to curb output by OPEC and its allies by as much as 1.4M bpd, yet many analysts expect oil prices to jump back to the $60 to $70 range in 2019.

IPOs expected to price: Mogu (MOGU-OLD) on December 4; Moderna (NASDAQ:MRNA), Mercantile Bank (NASDAQ:AMTB) and DiaMedica Therapeutics (DMAC) on December 6.

IPO lockup expirations: MeiraGTx (NASDAQ:MGTX) on December 5.

Analyst quiet period expirations: CNFinance (NYSE:CNF) on December 3; Toughbuilt Industries (NASDAQ:TBLTU) on December 7.

Projected dividend changes (quarterly): American Tower (NYSE:AMT) to $0.83 from $0.79, Alexandria Real Estate (NYSE:ARE) to $0.96 from $0.93, Broadcom (AVGO) to $2.66 from $1.75, Bristol-Myers (NYSE:BMY) to $0.41 from $0.40, C.H. Robinson (NASDAQ:CHRW) to $0.48 from $0.46, Ecolab (NYSE:ECL) to $0.45 from $0.41, Edison International (NYSE:EIX) to $0.655 from $0.650, Eastman Chemical (NYSE:EMN) to $0.61 from $0.56, Fortune Brands (NYSE:FBHS) to $0.23 from $0.20, GE (NYSE:GE) to $0.01 from $0.12 (announced in October), Johnson Controls (NYSE:JCI) to $0.27 from $0.26, Mastercard (NYSE:MA) to $0.28 from $0.25, Mid-America (NYSE:MAA) to $0.97 from $0.9225,Progressive (NYSE:PGR) to $2.08 from $1.12, Stryker (NYSE:SYK) to $0.515 from $0.47, Agree Realty (NYSE:ADC) to $0.56 from $0.54, Saul Centers (NYSE:BFS) to $0.53 from $0.52, Cantel Medical (NYSE:CMD) to $0.10 from $0.085, CoreSite Realty (NYSE:COR) to $1.08 from $1.03, Douglas Emmett (NYSE:DEI) to $0.26 from $0.25,Graco (NYSE:GGG) to $0.147c from $0.1325,Hillenbrand (NYSE:HI) to $0.21 from $0.2075,J&J Snack Foods (NASDAQ:JJSF) to $0.48 from $0.45,Medifast (NYSE:MED) to $0.60 from $0.48,Hanover (NYSE:THG) to $0.60 from $0.54, Toro (NYSE:TTC) to $0.23 from $0.20, Universal Health Realty (NYSE:UHT) to $0.675 from $0.67, Marriott Vacations (NYSE:VAC) to $0.45 from $0.40.

Tech execs to Washington: The Trump Administration is bringing in top tech execs to the White House for a roundtable discussion on December 6. Microsoft CEO (NASDAQ:MSFT) Satya Nadella, Google CEO (GOOGL, GOOG) CEO Sundar Pichai, Oracle (NYSE:ORCL) co-Chief Executive Safra Catz and Qualcomm (NASDAQ:QCOM) CEO Steve Mollenkopf are among those scheduled to participate. A White House official said topics to be covered include artificial intelligence, 5G wireless communications and quantum computing. It will be a long stretch in D.C. for Google's Pichai, who is also scheduled to testify in front of the House Judiciary Committee on data privacy concerns. In a separate D.C. event next week, White House adviser Ivanka Trump will take part in a Business Roundtable panel discussion on innovation next week, along with IBM (NYSE:IBM) CEO Ginni Rometty.

Spotlight on Vale: Vale S.A. (NYSE:VALE) senior executives will present the company's strategic plan on December 4 in New York and December 6 in London. The company says it will also give an appraisal of its business performance, projects and investments during the two events. Shares of Vale are up 11% YTD.

Analyst/investor meetings: VF Corp. (NYSE:VFC) and FMC (NYSE:FMC) on December 3; Caleres (CLA), UF Corporation (NYSE:UGI), Tronox (NYSE:TROX) ArcelorMittal (NYSE:MT) and SVB Financial (NASDAQ:SIVB) on December 4; Skechers (NYSE:SKX) and Yum Brands (NYSE:YUM) on December 5; Meritor (NYSE:MTOR) on December 6; Sonoco (OTC:SONM) on December 7.

Media matters: The UBS 46th Annual Global Media and Communications Conference runs from December 4-5. A couple of the more notable speakers are Netflix's (NASDAQ:NFLX) Chief Content Officer Ted Sarandos Chief Content Officer, Viacom CEO (NYSE:VIA) Bob Bakish, AT&T (NYSE:T) CEO Randall Stephenson and CBS (NYSE:CBS) Chief Creative Officer David Nevins. Also making appearances are execs with Centurylink (NYSE:CTL), Zayo (NYSE:ZAYO), Altice USA (NYSE:ATUS), Merdith (NYSE:MDP), Zynga (NASDAQ:ZNGA), Comcast (NASDAQ:CMCSA) and Fox (NASDAQ:FOXA).

Banking bonanza The Goldman Sachs U.S. Financial Services Conference sees top-level execs across the financial industry gather in New York City on December 4-5. Companies due to present include AllianceBernstein (NYSE:AB), State Street (NYSE:STT), Ares Management (NYSE:ARES), Synchrony Financial (NYSE:SYF), Blackstone (NYSE:BX), Comerica (NYSE:CMA), SunTrust (NYSE:STI), Regions Financial (NYSE:RF), AIG (NYSE:AIG), Evercore (NYSE:EVR), Aflac (NYSE:AFL), Apollo (NYSE:APO), U.S. Bancorp (NYSE:USB), BNY Mellon (NYSE:BK), Lazard (NYSE:LAZ), JPMorgan (NYSE:JPM), (NYSE:DFS), KeyCorp (NYSE:KEY), PayPal (NASDAQ:PYPL) and Nasdaq (NASDAQ:NDAQ).

Macau The Gaming Inspection and Coordination Bureau will update on Macau gross gaming revenue numbers for November in the next few days. Analysts expect 5% growth for the month in an acceleration from the 2.6% increase seen in October. Keep an eye on Wynn Macau (OTCPK:WYNMF, OTCPK:WYNMY, WYNN), Sands China (OTCPK:SCHYY, OTCPK:SCHYF, LVS), MGM China (OTCPK:MCHVF, OTCPK:MCHVY, MGM), Galaxy Entertainment (OTCPK:GXYEF), SJM Holdings (OTCPK:SJMHF, OTCPK:SJMHY), Studio City International (NYSE:MSC) and Melco Resorts & Entertainment (NASDAQ:MLCO).

Rocket ride: A SpaceX (SPACE) Falcon 9 rocket will launch a Dragon cargo spacecraft from Cape Canaveral Air Force Station in Florida for a cargo delivery mission to the International Space Station. The spacecraft is expected to reach the ISS on December 6.

Eyes on AI: The AI World Conference and Expo is being held in Boston from December 3-5. There's a pretty high mix of healthcare companies attending the event, including speakers from GlaxoSmithKline (NYSE:GSK), Pfizer (NYSE:PFE), BlueCross BlueShield, Merch (NYSE:MRK) and Novartis (NYSE:NVS). Of course, the tech sector will also be well represented with Microsoft, IBM (IBM), Splunk (NASDAQ:SPLK) and Oracle (ORCL) all in the house. Investors looking to bet on artificial intelligence have a number of ETFs devoted to the space to pick from, including the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ) and The Global X Future Analytics Tech ETF (NASDAQ:AIQ).

M&A tidbits: Takeda shareholders will vote on the drugmaker’s acquisition of Shire (NASDAQ:SHPG). A U.S. court will hear an appeal of the AT&T (T)-Time Warner merger on December 6.

Sales updates: Costco (NASDAQ:COST) on December 5; Buckle (NYSE:BKE), Cato (NYSE:CATO) and L Brands (NYSE:LB) on December 6.

Guidance call: Prudential (NYSE:PRU) is due to update investors on its financial outlook scheduled for December 6.

Barron's mentions: Facebook's (NASDAQ:FB) emergence as the "dark side of technology" is profiled as regulators across the world grapple with privacy issues. Best-in-class Progressive (PGR) is called reasonably priced after its recent 10% pullback. Part of the advice doled out by the publication to GE (GE) is to sell its health business and get rid of the long-term care business. Microsoft (MSFT), now the world's most valuable public company, is compared favorably to Apple (NASDAQ:AAPL) due to its "far more recurring and consistent revenue streams."

Sources: Nasdaq, EDGAR, BBC, CNBC, Bloomberg

Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.