Outlook  Shutterstock Investors will be looking to keep the focus on strong earnings reports, fiscal stimulus expectations and the impact of rising vaccinations as some of the attention on the manic GameStop (NYSE:GME) trading fades. Intriguing earnings reports are due out from Twitter (NYSE:TWTR), General Motors (NYSE:GM) and Disney (NYSE:DIS), while the Bumble (BMBL) IPO could see some first-day fireworks with early indications of strong demand for the online dating stock. | | Welcome to Wall Street Brunch, our preview of stock market events for investors to watch during the upcoming week. You can also catch this article a day early by subscribing to the Stocks to Watch account for Saturday morning delivery. |
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| Outlook Shutterstock Investors will be looking to keep the focus on strong earnings reports, fiscal stimulus expectations and the impact of rising vaccinations as some of the attention on the manic GameStop (NYSE:GME) trading fades. Intriguing earnings reports are due out from Twitter (NYSE:TWTR), General Motors (NYSE:GM) and Disney (NYSE:DIS), while the Bumble (BMBL) IPO could see some first-day fireworks with early indications of strong demand for the online dating stock. | |
| Earnings Hasbro (NASDAQ:HAS) and Take-Two Interactive Software (NASDAQ:TTWO) on February 8; Canopy Growth (NYSE:OTC:CGC), Mattel (NASDAQ:MAT), Twitter (TWTR), Cisco (NASDAQ:CSCO) and Lyft (NASDAQ:LYFT) on February 9; Under Armour (NYSE:UAA), Coca-Cola (NYSE:KO), General Motors (GM), and Uber (NYSE:UBER) on February 10; Disney (DIS), PepsiCo (NASDAQ:PEP), Expedia (NASDAQ:EXPE) and Cloudflare (NYSE:NET) on February 11 and Dominion Energy (NYSE:D) on February 12.
While both Uber (UBER) and Lyft (LYFT) are anticipated to show revenue drops compared to a year ago due to the pandemic, Wedbush Securities is positive on the path ahead of the ridesharing pair. "We see a confluence of positive factors giving Uber and Lyft tailwinds into 2021 with more investors coming back to the story with many of the dark clouds clearing (Prop 22, demand improving), and a greater focus on reopening" plays," previews analyst Dan Ives. He expects another step in the right direction from Uber and Lyft next week after they give the Street better insight into the 2021 growth/profitability trajectory.
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| IPOs Adagene Inc. (ADAG), Viant Technology (DSP), Bumble (BMBL), Apria (APR), Signify Health (SGFY), AFC Gamma (AFCG) and Vallon Pharmaceuticals (VLON) are all expected to start trading in the week ahead. IPO lockup periods expire on NetStreit (NYSE:NTST), CureVac (NASDAQ:CVAC), Duck Creek Technologies (NASDAQ:DCT) and InMed Pharmaceuticals (NASDAQ:INM). | |
| Dividends Projected dividend increases (quarterly): Kite Realty Group (NYSE:KRG) to $0.20 from $0.15, American Assets Trust (NYSE:AAT) to $0.30 from $0.25, Retail Properties (NYSE:RPAI) to $0.17 from $0.16, Primerica (NYSE:PRI) to $0.45 from $0.40, NextEra Energy (NYSE:NEE) to $0.3925 from $0.35, Rexford Industrial (NYSE:REXR) to $0.24 from $0.215, Kinsale Capital (NASDAQ:KNSL) to $0.10 from $0.09, Perrigo (NYSE:PRGO) to $0.25 from $0.225 and Moody's (NYSE:MCO) to $0.62 from $0.56. | |
| M&A Shareholders with Cellular Biomedicine Group (NASDAQ:CBMG) vote on February 8 the deal for the company to be acquired by a newly formed entity involving CEO Tony Liu, certain other members of management and a group of institutional investors for $19.75 per share in cash. Shareholders with CIT Group (NYSE:CIT) vote on the merger with First Citizens BancShares (NASDAQ:FCNCA) and PNM Resources (NYSE:PNM) shareholders vote on the buyout by Avangrid (NYSE:AGR). | |
| Trending Super Bowl LV is expected to be the most wagered on single event in U.S. history as legal online and retail sportsbooks across 21 U.S. jurisdictions take action. Sports betting is legal in at least some form in Arkansas, Colorado, Delaware, Illinois, Indiana, Iowa, Michigan, Mississippi, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Tennessee, Virginia, Washington D.C., and West Virginia. PlayUSA forecasts more than $500M in legal wagers will be made compared to about $300M last year. A partial list of some the companies attracting attention includes DraftKings (NASDAQ:DKNG), William Hill (OTCPK:WIMHY), Fanduel/Flutter Entertainment (OTCPK:PDYPY), Caesars Entertainment (NASDAQ:CZR), Penn National Gaming (NASDAQ:PENN), MGM Resorts (NYSE:MGM), Pointsbet (OTCQX:PBTHF), Rush Street Interactive (NYSE:RSI), Gan (NASDAQ:GAN), fuboTV (NYSE:OTC:FUBO), Churchill Downs (NASDAQ:CHDN), International Game Technology (NYSE:IGT), Scientific Games (NASDAQ:SGMS) and Golden Nugget Online (NASDAQ:GNOG). As for the game itself, in recent years the S&P 500 Index has done better when the Tom Brady's team wins (+6.0% return) vs. when he loses (-10.4%). Historically, a NFC winner of the big game has seen the market outperform the years compared to when the AFC team wins. | |
| Events Analyst/investor meetings: Kia Motors (OTCPK:KIMTF) is scheduled to hold an investor day event on February 9. Investors will be looking for further indications that the South Korean automaker is lined up to work with Apple (NASDAQ:AAPL) and what production levels may be targeted. Also in the auto industry, senior leaders from Ford (NYSE:F) will discuss the 2020 operating environment and the company's recent financial results during a fireside chat hosted by JPMorgan Securities. The discussion will also focus on Ford's electrification strategy, global redesign, 2021 outlook, and updates on recently launched products like F-150, Bronco Sport and Mustang Mach-E. PayPal (NASDAQ:PYPL) holds its Investor Day event on February 11 during which it is expected to provide a 3-year to 5-year financial outlook. Nu Skin (NYSE:NUS) and Cloudflare (NET) also have analyst meetings set for next week.
Conferences: The schedule of conferences for next week includes the Stifel Transportation & Logistics Conference, Cowen & Co. Aerospace/Defense & Industrials Conference, Goldman Sachs Technology & Internet Virtual Conference and KBW Winter Financial Services Conference.
The streaming sector will get its own ETF next week when the Roundhill Streaming Services & Technology ETF (SUBZ) launches. The actively-managed exchange-traded fund is set to invest in companies that develop, manufacture, distribute, or sell products or services related to the delivery of data or media content (audio and video) over the Internet. The fund will be the very first to focus exclusively on the streaming sector. Netflix (NASDAQ:NFLX) and fuboTV (OTC:FUBO) would be appear to bet good bets to be headliners in the fund.
Go Deeper:: Dig deeper into next week's expected catalyst events. | |
| Barron's mentions Anglo American Platinum (OTCPK:ANGPY), Impala Platinum (OTCQX:IMPUY) and Sibanye Stillwater (NYSE:SBSW) are tapped as some investment to play for a rally in platinum prices. Platinum is said to be generating more interest because of its role in the green economy and its relative scarcity. Hilton Worldwide (NYSE:HLT) is called the standout stock in the lodging sector. The asset-light hotel chain is seen being a well-managed global franchise company with top-notch brands into a multiyear recovery in the hotel industry. Casey's General Stores (NASDAQ:CASY) is not only the fifth-largest pizza chain in the U.S. by slices sold, but a sleeper retail pick, per Barron's.
Sources: EDGAR, Bloomberg, CNBC, The Verge, Renaissance Capital | |
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