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.
Like action? What a week ahead with a cavalcade of companies due to present across what's considered the Super Bowl of healthcare gatherings, highly-anticipated conferences in the technology and energy sectors and the largest consumer electronics show on the planet. Investors can forget about DC drama and analyst reports for a few days as the spotlight turns to preliminary earnings announcements, guidance updates, product reveals and M&A news. There's also a little talk by Federal Chairman Jerome Powell at the Economic Club of Washington D.C. on January 10 and a trip by a U.S. trade delegation to China for an early round of talks that could spark some headlines. Happy hunting.
Notable earnings reports: Lindsay (NYSE:LNN) and Helen of Troy (NASDAQ:HELE) on January 8; Bed Bath & Beyond (NASDAQ:BBBY), Constellation Brands (NYSE:STZ), Lennar (NYSE:LEN) on January 9; Delta Air Lines (NYSE:DAL) on January 10; BlackRock (NYSE:BLK) and Infosys (NYSE:INFY) on January 11. See Seeking Alpha's Earnings Calendar for the complete list of earnings reporters.
IPO action: There are no IPO deals on the calendar for next week, but 2019 could see some major names step out into the public markets. IPO candidates include Lyft (NASDAQ:LYFT), Uber (NYSE:UBER), Airbnb (AIRB), Beyond Meat (NASDAQ:BYND), Cloudfare (FLARE), GE's (NYSE:GE) healthcare unit, Palantir (PALAN), Pelaton, Pinterest (PINIT), Postmates (POSTM), Slack (SLACK), SpaceX (SPACE), WeWork (VWORK), Gateway Casinos & Entertainment (GTWY) and Futu Holdings (NASDAQ:FHL).
Analyst quiet period expirations: Analysts can start buzzing about Tencent Music Entertainment (NYSE:TME) on January 7. Tencent closed at $13.20 on Friday vs. the $13 IPO pricing level. 360 Finance (NASDAQ:QFIN) and Legacy Housing (NASDAQ:LEGH) are expected to land analyst coverage on January 9.
Projected dividend changes (quarterly): BlackRock (BLK) to $3.31 from $3.13, Waste Management (NYSE:WM) to $0.5125 from $0.4650, Apogee Enterprises (NASDAQ:APOG) to $0.1775 from $0.1575, Synnex (NYSE:SNX) to $0.40 from $0.35.
CES preview: The annual technology trade show runs from January 8-11 in Las Vegas. Keynote talks are being delivered by AT&T's (NYSE:T) John Donovan, Twitter's (NYSE:TWTR) Jack Dorsey, IBM (NYSE:IBM) CEO Ginni Rometty, AMD (NASDAQ:AMD) CEO Dr. Lisa Su, NBA Commissioner Adam Silver, Verizon (NYSE:VZ) CEO Hans Vestberg and former Department of Labor Secretary Elaine Chao. Nvidia (NASDAQ:NVDA) has a press conference scheduled for January 6 during which Citi expects chip breakthroughs to be discussed and a new auto partner to be named. Other press conferences of interest during the tech confab are being held by Samsung (OTC:SSNLF), LG (NYSEMKT:LGL), Sony (NYSE:SNE), Qualcomm (NASDAQ:QCOM) and Procter & Gamble (NYSE:PG). Meanwhile, Intel (NASDAQ:INTC) is participating in a tech forum, while companies as diverse as GoPro (GRPO), Nio (NYSE:NIO) and Whirlpool (NYSE:WHR) also have events scheduled. As far as products, expect to see new TVs (8K, MicroLED), smart home gadgets and VR/AR hardware to be unveiled - while Audi (OTCPK:AUDVF) and Mercedes-Benz (OTCPK:DDAIF) also plan to showcase their all-electric SUVs. There will be plenty of buzz about 5G smartphones and the implications of 5G for content companies.
SCOTUS watch: The high court will hear arguments in a case involving Merck (NYSE:MRK) drug warnings.
M&A tidbits: Shareholders of Imperva (NASDAQ:IMPV) vote on the offer to be acquired by Thoma Bravo. A special meeting of Bojangles (NASDAQ:BOJA) shareholders is scheduled for January 10 to vote on the proposed merger with Durational Capital Management and The Jordan Company. The Valero Energy (NYSE:VLO)-Valero Energy Partners (NYSE:VLP) merger is slated to close on January 10.
Spotlight on Constellation: The alcoholic beverage giant's earnings day will include updates on new beer products (Corona Premier/Corona Familiar) and the huge Canopy Growth (NYSE:CGC) investment. The tone from Constellation could impact beer majors such as Molson Coors (NYSE:TAP), Anheuser-Busch InBev (NYSE:BUD) and cannabis favorites like Tilray (NASDAQ:TLRY), Cronos Group (NASDAQ:CRON) and Aurora Cannabis (NYSE:ACB).
Healthcare's Super Bowl: The highly-anticipated JPMorgan Healthcare conference runs from January 7-10 in San Francisco. The timing is somewhat exquisite after the huge Bristol-Myers (NYSE:BMY) deal for Celgene (NASDAQ:CELG), drug price hikes by big pharma and amid general market turmoil. Industry insiders expects a busy few days in the sector around the event. Some of the healthcare players that could make noise out of San Francisco are Ra Medical Systems (NYSE:RMED), Gilead Sciences (NASDAQ:GILD), bluebird bio (NASDAQ:BLUE), Replimune (NASDAQ:REPL), Natera (NASDAQ:NTRA), La Jolla Pharmaceutical (NASDAQ:LJPC), Puma Biotechnology (NASDAQ:PBYI), Moderna Therapeutics (NASDAQ:MRNA), Walgreens Boots Alliance (NASDAQ:WBA), Sarepta Therapeutics (NASDAQ:SRPT), Biogen (NASDAQ:BIIB) and hundreds more.
Spotlight on GM: General Motors (NYSE:GM) will host an investor event on January 11. Topics to be covered will include the automaker's efforts to reshape its business to capitalize on growth opportunities and the heightened focus on cash generation. Shares of GM are down about 24% over the last 52 weeks.
TMT rally: The tech, media and telecommunications industries are the talk at the Citi Global TMT West Conference on January 8-9. Companies presenting include Dell Technologies (NYSE:DELL), CenturyLink (NYSE:CTL), T-Mobile (NASDAQ:TMUS), Interxion (NYSE:INXN), Vonage (NYSE:VG), Switch (NYSE:SWCH), Uniti Group (NASDAQ:UNIT), Zillow (NASDAQ:Z), AT&T (T), Roku (NASDAQ:ROKU), Verizon (VZ), Viacom (NASDAQ:VIA), AMC Entertainment (NYSE:AMC), Sirius XM (NASDAQ:SIRI), Jabil (NYSE:JBL), American Tower (NYSE:AMT) and Discovery (NASDAQ:DISCA).
Eyes on energy:The Goldman Sachs Global Energy Conference runs in Miami from January 8-9. Participating companies include Delek US Holdings (NYSE:DK), Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Hi-Crush Partners (NYSE:HCLP), Pioneer Natural Resources (NYSE:PXD) and many more.
Airline guidance updates: After last week's huge shocker from Delta Air Lines (DAL), investors will be anxiously awaiting unit revenue forecasts from other carriers. Updates could arrive next week from American Airlines Group (NASDAQ:AAL), Mesa Air (NASDAQ:MESA), Spirit Airlines (NYSE:SAVE), United Continental (NASDAQ:UAL), Alaska Air (NYSE:ALK), SkyWest (NASDAQ:SKYW), JetBlue (NASDAQ:JBLU), Southwest Airlines (NYSE:LUV) and Allegiant Travel (NASDAQ:ALGT). Another development to watch in the airline sector is the impact of the government shutdown. Southwest Airlines' plans to begin service to Hawaii and Delta's plans to start flying the Airbus SE A220 by January 31 could both face delays.
Crypto watch: A digital exchange launching next week called DX.Exchange will allow investors to buy tokenized interests in Nasdaq-listed companies like Apple, Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Tesla (NASDAQ:TSLA), with each digital security backed by one regular share. The Estonia-based platform is being built on the Ethereum (ETH-USD) blockchain. DX plans to expand to the New York Stock Exchange, Tokyo Stock Exchange and Hong Kong Stock Exchange.
Retail preannouncements: Retailers are on watch for earnings and guidance updates, with the holiday season in the rear-view mirror and the impact of China a significant factor for some companies. Wolfe Research expects positive updates from Lululemon (NASDAQ:LULU), The Children's Place (NASDAQ:PLCE) and Urban Outfitters (NASDAQ:URBN) - while negative news is anticipated out of Express (NYSE:EXPR), Capri (NYSE:CPRI) and L Brands (NYSE:LB).
Business update calls: Plug Power (NASDAQ:PLUG) CEO Andy Marsh is scheduled to discuss the company's preliminary full-year results on January 9. Marsh is expected to also update on Plug Power's expansion and growth plans for 2019 during the call. Shares of Plug Power are down 45% over the last 52 weeks.
Sales updates: Costco (NASDAQ:COST) and Zumiez (NASDAQ:ZUMZ) are due to spill December numbers on January 9, while L Brands (LB) and Buckle (NYSE:BKE) post their December tallies on January 10. An intriguing post-holiday sales update is due out from Target (NYSE:TGT) on January 10.
Corporate update: Portola Pharmaceuticals (NASDAQ:PTLA) CEO Scott Garland is scheduled to provide a corporate update on January 8. Shares of Portola have been volatile since the FDA approved the company's new manufacturing process for Andexxa. Details on the commercial launch are expected on the webcast. Intrexon (NASDAQ:XON) exec Helen Sabzevari will be presenting a first-look at Precigen's preclinical and clinical portfolio at an investor event on January 7.
Box office: Warner Brothers' (T) Aquaman is expected to top the U.S. office box office for a third straight week. The superhero film will top the $250M mark if it matches the forecast of $26M for the weekend.
Barron's mentions: The publication finds all kinds of deals in its first issue of 2019. A leaner Navistar (NYSE:NAV) is called attractive after generating positive manufacturing cash flow last year and with Volkswagen (OTCPK:VWAGY) lurking as a suitor. AT&T (T), DXC Technology (NYSE:DXC), Morgan Stanley (NYSE:MS) and Mylan (NASDAQ:MYL) are singled out as single digit forward PE stocks with recent Wall Street upgrades. Finally, there is Apple (NASDAQ:AAPL) to consider with its 12X 2019 EPS multiple and $130B net cash position. "Assuming Apple’s multiple returns to its 13.6 average, the stock is worth $166.46. Add back $27 in net cash per share—a logical step given that Apple has finally promised to bring its cash position to zero—and Apple is worth $194, 31% above its latest close," writes Tae Kim.
Sources: Nasdaq, EDGAR, Bloomberg, CNBC