Outlook  Shutterstock The big event next week could be the two-day FOMC meeting that will conclude with a policy statement and Jerome Powell presser. The central bank is being closely watched to see how its handles signs of inflation and if sticks with a view that higher prices are transitory. Other economic reports of interest include the latest retail sales report, the producer price index update and industrial production numbers. The hedge fund world gathers for the Robin Hood Investors Conference, which features notable speakers like Stanley Druckenmiller, Ray Dalio, David Tepper, Paul Tudor Jones, Cathie Wood, Boaz Weinstein and Larry Robbins as well as "best idea" pitches from fund managers.
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| | Welcome to Wall Street Breakfast, 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 The big event next week could be the two-day FOMC meeting that will conclude with a policy statement and Jerome Powell presser. The central bank is being closely watched to see how its handles signs of inflation and if sticks with a view that higher prices are transitory. Other economic reports of interest include the latest retail sales report, the producer price index update and industrial production numbers. The hedge fund world gathers for the Robin Hood Investors Conference, which features notable speakers like Stanley Druckenmiller, Ray Dalio, David Tepper, Paul Tudor Jones, Cathie Wood, Boaz Weinstein and Larry Robbins as well as "best idea" pitches from fund managers.
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| Earnings Earnings spotlight: Tuesday, June 15th: H&R Block (NYSE:HRB), La-Z-Boy (NYSE:LZB) and Oracle (NYSE:ORCL).
Earnings spotlight: Wednesday, June 16th: Jefferies (NYSE:JEF) and Lennar (NYSE:LEN).
Earnings spotlight: Thursday, June 17th: Jabil (NYSE:JBL), Kroger (NYSE:KR), Adobe (NASDAQ:ADBE) and Smith & Wesson Brands (NASDAQ:SWBI).
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| IPOs A busy week of new IPOs includes debuts for WalkMe (WKME), Convey Holding Parent (CVNY), Molecular Partners (MOLN), Lyell Immunopharma (LYEL), Angel Oak Mortgage (AOMR) and Unicycive Therapeutics (UNCY). Quiet periods expire on Oatly Group (NASDAQ:OTLY) and Procure Technologies (NYSE:PCOR) on June 14. IPO share lockups expire on BioAtla (NASDAQ:BCAB), Upstart (NASDAQ:UPST), Virios Therapeutics (NASDAQ:VIRI), Midwest Holding (NASDAQ:MDWT) and 908 Devices (NASDAQ:MASS). | |
| M&A The go-shop period on the At Home (NYSE:HOME) acquisition by Hellman & Friedman expires. At Home trades slightly above the $36.00 offer price. Shareholders vote on the Nuance Communications (NASDAQ:NUAN)-Microsoft (NASDAQ:MSFT) and PRA Health Sciences (NASDAQ:PRAH)-ICON Public Limited deals on June 15. The Grubhub (NYSE:GRUB)-Just Eat Takeaway.com (OTCPK:TKAYF) is expected to close on June 15. | |
| Automotive Lordstown Motors (NASDAQ:RIDE) heads into another week of likely volatile trading after its 'going concern' warning rattled investors last week. Canoo (NASDAQ:GOEV) is also in the spotlight of the electric vehicle sector with the company hosting an investor relations day. The event is expected to provide insight into the company's vision to bring electric vehicles to everyone by focusing on use cases and increasing owner productivity while simultaneously generating multiple revenue touchpoints throughout the full vehicle lifecycle. Also of note, Arrival (NASDAQ:ARVL) conducts one of the more intriguing presentations at the Deutsche Bank Global Auto Industry Conference. | |
| Events The annual Electronic Entertainment Expo takes place in a virtual format this year. Nintendo (OTCPK:NTDOY), Microsoft's (MSFT) Xbox, Ubisoft Entertainment (OTCPK:UBSFY) and Capcom (OTCPK:CCOEY) will all be at this year's E3, while Sony (NYSE:SONY) and Activision Blizzard (NASDAQ:ATVI) are skipping it. Xbox Game Studios' Halo Infinite, Bethesda Softworks' Starfield, Ubisoft's Rainbow Six Quarantine as well as new games for the Nintendo Switch will be some of the more closely-watched titles. A wildcard to watch is if Ubisoft teases out information about its open-world Star Wars game.
The long-awaited debut of the Atari VCS system arrives on June 15. The VCS was originally announced in 2017, amid a renewed interest in retro gaming hardware. The Atari VCS will be $300 for the base edition, or $400 for an All-In edition that comes with two controllers. Both versions come with the Atari VCS Vault Vol. 1 collection of 100 of the company's older games from the arcades and the Atari 2600.
On June 14, Harmonic (NASDAQ:HLIT) holds an event to cover its cable access segment and ZoomInfo Technologies (NASDAQ:ZI) hosts its first investor and analyst day featuring presentations by top management. Equinor (NYSE:EQNR) holds its Capital Markets Day on June 16 with presentations from top management and a Q&A session. Investor events are also on the calendar for Blucora (NASDAQ:BCOR), Helios Technologies (NASDAQ:HLIO) and Upwork (NASDAQ:UPWK).
Conferences rundown: Conferences scheduled to run during the week include the Morgan Stanley 12th Annual US Financials Payments & CRE Conference, the Credit Suisse 23rd Annual Communications Conference, the KeyBanc Cloud and Open Banking Spotlight Day, the Bank of America BofA Securities Napa Biopharma Virtual Conference, the Lytham Partners Summer Investor Conference, the Mizuho Cybersecurity Summit and the Deutsche Bank Global Auto Industry Conference.
Go Deeper: Check out Seeking Alpha's Catalyst Watch for a detailed list of events to watch | |
TOGETHER WITH  Barron's mentions The boom in investing by teenagers makes the cover story this week. Greenlight Financial Technology, Stash, M1 Finance and Acorns are some of the companies catering to families and teen traders. Acorns is planning to go public through a special purpose acquisition transaction with Pioneer Merger (NASDAQ:PACX). Canada-based Kinaxis (OTCPK:KXSCF) is called out for having a leading position in supply chain planning software. Shares are seen trading at a good value after falling off close to 40% from their 52-week high and growth poised to accelerate amid the global supply chain disruption. Meanwhile, the publication is wary on Taiwan Semiconductor Manufacturing (NYSE:TSM) after its big run-up. Looking at the healthcare sector, the U.S. Food and Drug Administration's move to approve Biogen's (NASDAQ:BIIB) Aduhelm is noted to open up the possibility of approvals for other drugs like Eli Lilly's (NYSE:LLY) donanemab and Roche Holding's (OTCQX:RHHBY) gantenerumab, from Roche Holding (OTCQX:RHHBY).
Sources: EDGAR, Bloomberg, CNBC, The Verge, Renaissance Capital | |
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