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.
Big banks kick off earnings season next week, with a few airline companies sprinkled in and a highly-anticipated report from Netflix (NASDAQ:NFLX). There is a definite sense that this earnings season will see some drama as the impact of China, higher interest rates and labor inflation factors in. As the Detroit Auto Show rolls in, the headliner of the event will be a joint announcement on January 15 from Ford (NYSE:F) and Volkswagen (OTCPK:VWAGY) on an alliance. The news could create some interesting ripples depending upon the nature of collaboration of the two heavyweight automakers in electric vehicles, trucks or mobility. On the economic front, retail sales are due out next week, but as we go to publication it's still unclear if the government shutdown will impact the release. Luckily, dozens of retailers are due to present at the ICR conference to give investors plenty to buzz about.
Notable earnings reports: Citigroup (NYSE:C) on January 14; JPMorgan (NYSE:JPM), Delta Air Lines (NYSE:DAL), Wells Fargo (NYSE:WFC), United Continental (NASDAQ:UAL) on January 15; Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS), Kinder Morgan (NYSE:KMI), BlackRock (NYSE:BLK), CSX (NYSE:CSX), Alcoa (NYSE:AA) and US Bancorp (NYSE:USB) on January 16; Netflix (NFLX), American Express (NYSE:AXP), KeyCorp (NYSE:KEY) and Morgan Stanley (NYSE:MS) on January 17; Schlumberger (NYSE:SLB) and State Street (NYSE:STT) on January 18. See Seeking Alpha's Earnings Calendar for the complete list of earnings reporters.
IPO action: While there are no IPO pricings expected next week, a development to watch is the rumblings of a direct listing by Slack Technologies (SLACK). Slack would be the second largest company to utilize a direct listing after Spotify (NYSE:SPOT).
IPO lockup expirations: There's no question that the lockup of 66M shares of Tilray (NASDAQ:TLRY) will be closely watched on January with shares up over 300% since their public debut. On the positive side, large holder Privateer tipped off on Friday that it doesn't plan on being a seller. Also on the lockup calendar are Crinetics Pharmaceuticals (NASDAQ:CRNX) and Rubius Therapeutics (NASDAQ:RUBY) and Coastal Financial (NASDAQ:CCB) on January 14; First Western (NASDAQ:MYFW), Allakos (NASDAQ:ALLK), Constellation Pharmaceuticals (NASDAQ:CNST) and Establishment Labs (NASDAQ:ESTA) on January 15 and Replimune (NASDAQ:REPL) on January 16.
Projected dividend changes (quarterly): Citizens Financial (NYSE:CFG) to $0.32 from $0.27, CMS Energy (NYSE:CMS) to $0.3825 from $0.3575, Con Edison (NYSE:ED) to $0.735 from $0.715, Jacobs (NYSE:JEC) to $0.18 from $0.15, Alliant Energy (NASDAQ:LNT) to $0.355 from $0.335, Realty Income (NYSE:O) to $0.2275 from $0.221, Oneok Inc (NYSE:OKE) to $0.885 from $0.855, Vornado Realty (NYSE:VNO) to $0.65 from $0.63,Boston Private (NASDAQ:BPFH) to $0.13 from $0.12, CDK Global (NYSEARCA:CDK) to $0.16 from $0.15, EPR (NYSE:EPR) to $0.38 from $0.36, Graham Holdings (NYSE:GHC) to $1.39 from $1.33, Interactive Brokers (IBKR VF Equity) to $0.12 from $0.10, Kaiser Aluminum (NASDAQ:KALU) to $0.60c from $055, Maiden Holdings (NASDAQ:MHLD) to $0.03 from $0.05, ONE Gas (NYSE:OGS) to $0.50c from $0.46.
ICR preview: One of the premier conferences in the retail sector runs in Orlando from January 14-16. ICR is known as a place where consumer-facing retail companies unveil strategic plans, partnerships and provide guidance updates on the crucial holiday quarter. A new twist this year is the inclusion of cannabis players Tilray (TLRY), MedMen (MMEN) and Cronos Group (NASDAQ:CRON) at the event. That development is even more intriguing after DSW's (NYSE:DSW) recent announcement that it would be selling some cannabis-infused products. Will we hear about a new cannabis selling channel from another player? Another ICR highlight will be Lululemon's (NASDAQ:LULU) update on product innovation and global expansion. Other retailers on the agenda are J. Jill (NYSE:JILL), Five Below (NASDAQ:FIVE), Party City (NYSE:PRTY), El Pollo Loco (NASDAQ:LOCO), Wingstop (NASDAQ:WING), Del Taco Restaurants (NASDAQ:TACO), Kona Grill (NASDAQ:KONA), FAT Brands (NASDAQ:FAT), Ruth's Hospitality (NASDAQ:RUTH), Carrols Restaurant (NASDAQ:TAST), Delta Apparel (NYSEMKT:DLA), Tilly's (NYSE:TLYS), Build-A-Bear Workshop (NYSE:BBW), Zagg (NASDAQ:ZAGG), Nu Skin (NYSE:NUS), SpartanNash (NASDAQ:SPTN), Yeti (NYSE:YETI), Boot Barn (NASDAQ:BOOT), Guess (NYSE:GES), Darden Restaurants (NYSE:DRI), Ree'ds (NYSEMKT:REED), ShiftPixy (NASDAQ:PIXY), Urban Outfitters (NASDAQ:URBN), Noodles (NASDAQ:NDLS), Avon Products (NYSE:AVP), Habit Restaurants (NASDAQ:HABT), Shake Shack (NYSE:SHAK), Floor & Decor (NYSE:FND), BJ's Wholesale Club (NYSE:BJ), Planet Fitness (NYSE:PLNT), Dave & Buster's Entertainment (NASDAQ:PLAY), MarineMax (NYSE:HZO), Tailored Brands (NYSE:TLRD), Citi Trends (NASDAQ:CTRN), Denny's (NASDAQ:DENN), Chuy's Holdings (NASDAQ:CHUY), Tupperware Brands (NYSE:TUP), SunOpta (NASDAQ:STKL), Freshpet (NASDAQ:FRPT) and Destination XL Group (NASDAQ:DXLG).
Detroit Auto Show: Even without BMW (OTCPK:BMWYY), Audi (OTCPK:AUDVF) and Mercedes-Benz (OTCPK:DDAIF) making the annual trek to the Motor City, this year's Detroit Auto Show should be full of action. Right off the bat, press conferences are scheduled on January 14 for Ford (F), RAM (NYSE:FCAU), Toyota (NYSE:TM), Volkswagen (OTCPK:VWAGY), Nissan (OTCPK:NSANY), Hyundai/Kia (OTCPK:HYMLF) and Magna International (NYSE:MGA). In conjunction with the event, auto suppliers Aptiv (NYSE:APTV), Goodyear Tire & Rubber (NYSE:GT), Tenneco (NYSE:TEN), American Axle & Manufacturing (NYSE:AXL), Carvana (NYSE:CVNA), Lear (NYSE:LEA), Dana (NYSE:DAN), Cooper-Standard (NYSE:CPS), Cooper Tire & Rubber (CRB) and Visteon (NYSE:VC) will present at analyst conferences. New models of interest making their debut in Detroit include the Cadillac XT6, a next-gen Ford Explorer, the redesigned Ram 2500 heavy-duty truck, the reborn Toyota Supra, the all-electric Nissan and the Hyundai Palisade. This is the last year that the Detroit Auto Show will take place in the dead of winter.
M&A tidbits: Red Hat (NYSE:RHT) shareholders are due to vote on the merger with IBM (NYSE:IBM) on January 16. Shares of Red Hat sit about 2% below the deal price of $190. We will also be keeping tabs on Anheuser-Busch InBev (NYSE:BUD) after reports indicated that the beer giant is considering an IPO for its Asia business.
Spotlight on Ford: On top of the big Volkswagen announcement, execs are due to make an appearance at the Wolfe Research Global Auto Industry Conference on January 15 and at the Deutsche Bank Global Auto Industry Conference on January 16. Shares of Ford have gained a little bit of traction as of late and are up 13% YTD.
Court date for Keystone: Even though the U.S. government shutdown could prevent Justice Department attorneys from appearing before a Montana judge next week at a hearing to ask the court to lift the hold on Keystone XL oil pipeline construction, the show is scheduled to go on. TransCanada (NYSE:TRP) warned in a court filing that it faces lost profit and higher construction costs if work is delayed by a significant amount of time.
Short battles: Companies with short interest of over 30% of total float include CHF Solutions (NASDAQ:CHFS), Intrexon (NASDAQ:XON), SunPower (NYSE:PWR), Turtle Beach (NASDAQ:HEAR), Funko (NASDAQ:FNK), Gogo (NASDAQ:GOGO), Overstock.com (NASDAQ:OSTK), Match Group (NASDAQ:MTCH), Ubiquiti Networks (NASDAQ:UBNT). Shoe Carnival (NASDAQ:SCVL), Fossil (NASDAQ:FOSL), Ascena Retail (NASDAQ:ASNA) and Stitch Fix (NASDAQ:SFIX).
Needham Growth Conference: A wide variety of companies will participate in the 21st Annual Needham Growth Conference from January 15-16. Presenters include AmerisourceBergen (NYSE:ABC), Athenex (NASDAQ:ATNX), National Instruments (NASDAQ:NATI), Rogers (NYSE:ROG), Vishay Precision Group (NYSE:VPG), Energous (NASDAQ:WATT), LeMaitre Vascular (NASDAQ:LMAT), Merit Medical System (NASDAQ:MMSI), Barnes & Noble Education (NYSE:BNED), Domo (NASDAQ:DOMO), NeoPhotonics (NYSE:NPTN), Zscalar (NASDAQ:ZS), Pluralsight (NASDAQ:PS), CalAmp (NASDAQ:CAMP), Virtusa (NASDAQ:VRTU), Autodesk (NASDAQ:ADSK), Universal Display (NASDAQ:OLED) and hundreds more.
Barron's mentions: Bristol-Myers Squibb (NYSE:BMY) is seen as attractive on a valuation check after accounting for the huge accretion benefits from the Celgene (NASDAQ:CELG) acquisition. Airline stocks received a much-needed defense after a bruising two weeks. Valuation on Delta Air Lines (DAL), American Airlines (NASDAQ:AAL) and United Continental (UAL) is called almost too hard to pass up for value investors. Positive spins from analysts on Target (NYSE:TGT), Intuitive Surgical (NASDAQ:ISRG) and Franklin Covey (NYSE:FC) are recycled. Finally, in a nice head turner, the publication suggested Apple (NASDAQ:AAPL) should buy Nintendo (OTCPK:NTDOY) for strategic reasons. "Both companies have similar attributes: mountains of cash, gushing profits, beloved brands, loyal customers, and sticky ecosystems of software and services," wrote Tae Kim.
Sources: Nasdaq, EDGAR, Reuters, Bloomberg, Detroit Free Press