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IPOs
IPOs expected to start trading next week include FTC Solar (FTCI) on April 28 and both Endeavor Group (NYSE:EDR) and Fortegra Group (FRF) on April 29. IPO lockup periods are set to expire next week on Root (NASDAQ:ROOT), MediaAlpha (NYSE:MAX), Gatos Silver (NYSE:GATO), Biodesxi (NASDAQ:BDSX), Leslie's (NASDAQ:LESL), Allegro MicroSystems (NASDAQ:ALGM), Lufax Holding (NYSE:LU), Atea Pharmaceuticals (NASDAQ:AVIR), SQZ Biotechnologies (NYSE:SQZ) and Galecto (NASDAQ:GLTO). The quiet period expires on Frontier (NASDAQ:ULCC), Coursera (NYSE:COUR), Compass (NYSE:COMP), Karooooo (NASDAQ:KARO) and Smart Share (NASDAQ:EM). |
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Dividends
Projected dividend increases (quarterly): Expected dividend hikes for next week include Masco (NYSE:MAS) to $0.235 from $0.14, St Joe (NYSE:JOE) to $0.09 from $0.08, Tetra Tech (NYSE:TTI) $0.19 from $0.17, American Water (NYSE:AWK) to $0.60 from $0.55, Comfort Systems USA (NYSE:FIX) to $0.125 from $0.115, Ameriprise Financial (NYSE:AMP) to $1.11 from $1.04, Invesco (NYSE:IVZ) to $0.165 from $0.155, HP Enterprise (NYSE:HPE) to $0.1275 from $0.12 and Apple (AAPL) to $0.2175 from $0.205. |
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M&A
A pre-hearing conference will by held by the New Mexico Public Regulation Commission in regard to the PNM Resources (NYSE:PNM)-Avangrid (NYSE:AGR) merger. The companies have already landed several different approvals include from FERC. CoreLogic (NYSE:CLGX) shareholders vote on the buyout offer from Stone Point on April 28. Cooper Tire & Rubber (NYSE:CTB) shareholders vote on the Goodyear Tire & Rubber (NASDAQ:GT) merger on April 30. FactSet Research (NYSE:FDS) trades with takeover rumors swirling around it. |
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Events
I-Mab (NASDAQ:IMAB) hosts its 2021 R&D Day on April 26. Executives from Facebook (NASDAQ:FB), Twitter (NYSE:TWTR) and YouTube (GOOG) testify in front of a Senate Judiciary hearing covering algorithmic amplification on April 27. Atlassian (NASDAQ:TEAM) Co-CEO and founder Mike Cannon-Brookes gives a talk at the company's Team 21 event on April 28 that it hopes will draw attention to the company's new innovations. Go Deeper: Check out Seeking Alpha's Catalyst Watch for a detailed list of events to watch |
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Barron's mentions Food stocks catch the attention of the publication with more people heading back to the office, to schools and to restaurants. Hershey (NYSE:HSY), Mondelez International (NASDAQ:MDLZ), Conagra Brands (NYSE:CAG), J.M. Smucker (NYSE:SJM), Hostess Brands (NASDAQ:TWNK), Kraft Heinz (NASDAQ:KHC), General Mills (NYSE:GIS), Kellogg (NYSE:K) and Campbell Soup (NYSE:CPB) are called the leading food stocks with their lean valuations and secure dividends comparing nicely to other sectors. Perrigo (NYSE:PRGO) is tipped to see a turnaround. The company is seen moving past its legal risks and its valuation is seen rising as investors get more comfortable with the new growth profile. Meanwhile, Moderna (NASDAQ:MRNA) is called more than a one-hit wonder with strong sales seen for years. |
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