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| IPOs
IPOs expected to start trading next week include Logiq (OTCQX:LGIQ) for new shares in Canada on June 7, Marqeta (MQ) on June 9, as well as LifeStance Health Group (LFST), Monday (MNDY) and Zeta Global (ZETA) on June 10. IPO share lockup periods expire on C3.AI (NYSE:AI) and Pubmatic (NASDAQ:PUBM) on June 7, Hydrofarm Holdings (NASDAQ:HYFM) on June 8 and AbCellera Biologics (NASDAQ:ABCL), Certara (NASDAQ:CERT), 4D Molecular Therapeutics (NASDAQ:FDMT) and Nanobiotix (NASDAQ:NBTX) on June 9. The IPO quiet period expires on IPower (NASDAQ:IPW) on June 7. |
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| Dividends
Projected dividend increases (quarterly): Dividend payout increases forecast for next week include United Health (NYSE:UNH) to $1.50 from $1.25, Gentex (NASDAQ:GNTX) to $0.13 from $0.12, Caterpillar (NYSE:CAT) to $1.08 from $1.03, Target (NYSE:TGT) to $0.70 from $0.68 and National Fuel Gas (NYSE:NFG) to $0.455 from $0.445. |
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| Real Estate
One of the biggest REIT events of the year runs from June 7-10. NAREIT REITweek arrives amid an accelerating operating environment for lodging. Jefferies anticipated that commentary around recent and near-term trends should be more positive than expected. "As a result, our low-end-of-the-range estimates, and prospectively estimates overall, for 2Q21 and FY21 could prove to be too conservative," notes analyst David Katz. The firm expects commentary from Lodging REITS like Host Hotels & Resorts (NASDAQ:HST), Park Hotels & Resorts (NYSE:PK), Hersha Hospitality Trust (NYSE:HT) and Apple Hospitality (NYSE:APLE) will reflect acceleration in April and May and a strong June outlook. |
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| Events
Apple (NASDAQ:AAPL) holds its annual WWDC event on June 7. The company is expected to walk through highlights of iOS 15, iPadOS 15, WatchOS 8, MacOS 12, and TVOS 15. Details on new MacBook Pros and new Apple-designed processors could also be of high interest. CEO Tim Cook's keynote address is anticipated to focus in part on data privacy and security issues. Go Deeper: Check out Seeking Alpha's Catalyst Watch for a detailed list of events to watch |
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| TOGETHER WITH
The strong booking trends in Las Vegas and the implications for casino operators like MGM Resorts (NYSE:MGM) and Boyd Gaming (NYSE:BYD) is broken down. Weekend occupancy rates in Las Vegas are approaching pre-pandemic levels, while convention business is expected to start booming in the fall and be strong in 2022. The banking sector is also sized up by the publication this week. Higher loan growth is seen boosting the shares of Allegiance Bancshares (NASDAQ:ABTX), Pinnacle Financial Partners (NASDAQ:PNFP) and PNC Financial Services Group (NYSE:PNC). Meanwhile, software stock PTC (NASDAQ:PTC) is said to have more upside even after its big gains. The SaaS investments made by PTC over the past few years are said to be yielding tangible results. |
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