Catalyst watch: Tesla deliveries, CES reveals and healthcare updates lead off 2023
Dec. 30, 2022 2:00 PM ETSPDR S&P 500 Trust ETF (SPY)SONY, AMD, BB, BIIB, NBIX, NVDA, CAT, BBBY, GBX, MKSI, HIMX, STZ, CAG, ALNY, SLP, FOLD, ESALY, LI, PCRFY, SSNLF, TSLA, LGL, ESALF, MMAT, RARE, W, WBA, ASND, CTMX, LW, ARGX, APLS, BLNK, NIO, RIVN, RIDE, XPEV, EWTX, VGAS, HUBCZBy: Clark Schultz, SA News Editor15 Comments
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Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report.
Monday - January 2
- All day - The U.S. stock markets will be closed for observance of the New Year's Day holiday.
Tuesday - January 3
- Healthcare watch - Bank of America tipped that earnings pre-announcements could jolt shares of Alnylam Pharmaceuticals (ALNY), Amicus Therapeutics (FOLD), Neurocrine Biosciences (NBIX), and Ultragenyx (RARE). Meanwhile, healthcare companies that could provide updates regarding launch metrics on new products and FY22 revenue in early January include Apellis Pharmaceuticals (APLS), argenx (ARGX), and Ascendis Pharma (ASND).
- All week - Tesla (TSLA) and Rivian Automotive (RIVN) will be on watch with highly-anticipated Q4 deliveries reports expected in. Chinese electric vehicle automakers Nio (NIO), Li Auto (LI), and XPeng (XPEV) will also report on monthly deliveries amid some concerns on demand.
- All week - Notable conferences running during the week include the Citi Communications, Media and Entertainment Conference, Goldman Sachs CEOs Unscripted Conference, Goldman Sachs Global Energy and Clean Technology Conference, and Credit Suisse Greater China Technology and Internet Conference.
- All day - Execs with Nvidia (NVDA) will share some of the company’s latest innovations ahead of the highly-anticipated CES trade show in Las Vegas.
- 8:30 a.m. Edgewise Therapeutics (EWTX) plans to host a virtual investor call to cover preclinical results for its lead cardiac program candidate, EDG-7500.
Wednesday - January 4
- Earnings watch - Notable companies due to report include Simulations Plus (SLP).
- All day - Shareholders with Mount Rainier Acquisition Corp. (RNER) will vote on the proposed merger with Israeli firm HUB Cyber Security.
- All day - Shareholders with CENAQ Energy Corp (CENQ) will vote on the deal to take Bluescape Clean Fuels public in a SPAC deal. Bluescape Clean Fuels supplies gasoline derived from renewable feedstocks.
- All day - LG Display (LGL), Panasonic (OTCPK:PCRFY), Samsung (OTCPK:SSNLF), Sony (SONY) will hold press conferences at the CES trade show in Las Vegas. Also watch Blink Charging (BLNK) and Himax Technologies (HIMX) for new product announcements, as well as Caterpillar (CAT) for an autonomous tractor demo.
- All day - AMD (AMD) will be watched closely with execs scheduled to make one of the more notable keynote addresses at CES.
Thursday - January 5
- Earnings watch - Notable companies due to report include Walgreens Boots Alliance (WBA), Conagra Brands (CAG), Constellation Brands (STZ), and Lamb Weston (LW).
- 12:20 p.m. St. Louis Federal Reserve Bank President James Bullard is scheduled to give a presentation on the U.S. Economy and Monetary Policy.
- 2:00 p.m. Lordstown Motors (RIDE) will participate in the Mobility in Harmony press conference at CES.
- Postmarket - CytomX Therapeutics (CTMX) plans to outline its pipeline priorities for 2023 and provide a data update for the CX-2029 Phase 2 cohort expansion study.
Friday - January 6
- Earnings watch - Notable companies due to report include Greenbrier (GBX).
- All day - The FDA action date for Biogen (BIIB) and Eisai's (OTCPK:ESALY) (OTCPK:ESALF) Lecanemab will be watched closely after a third patient died while taking the experimental Alzheimer's treatment.
- All day - Richmond Federal Reserve Bank President Thomas Barkin and Atlanta Federal Reserve Bank President Raphael Bostic are scheduled to give speeches.
- 8:30 a.m. The December jobs report is expected to show 57K nonfarm payroll additions to the economy and the unemployment rate holding steady at 3.7%. Average hourly earnings are forecast to slow to a +4.9% Y/Y pace from +5.1% in November.
- 1:00 p.m. - BlackBerry Limited (BB) will host an interactive Q&A with management regarding its announcements and demonstrations at CES 2023.