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IPO watch: IPOs expected to start trading during the week include Full Truck Alliance (YMM) on June 22 and both First Advantage (BHG) and Doximity (DOCS) on June 23. The analyst quiet periods expire on Flywire (NASDAQ:FLYW), Paymentus (PAY), Figs (NYSE:FIGS), Singular Genomics (NASDAQ:OMIC), Day One Biopharmaceuticals (NASDAQ:DAWN), Zivo Bioscience (NASDAQ:ZIVO) and Centessa Pharma (NASDAQ:CNTA). THE IPO lockup period expires on Inhibikase Therapeutics (NASDAQ:IKT) and William Penn (NASDAQ:WMPN).
M&A tidbits: Coherent (NASDAQ:COHR) shareholders vote on the buyout offer from II-VI (NASDAQ:IIVI) deal on June 24. The board rejected an alternative offer from Lumentum. The HSR antitrust filing on the Paper Excellence deal for Domtar (NYSE:UFS) expires on June 24. Domtar trades about 2.7% below the deal price.
Healthcare watch: FDA action dates arrive on Incyte (NASDAQ:INCY) for Retifanlimab, Ascendis Pharma (NASDAQ:ASND) for TransCon hGH and AbbVie (NYSE:ABBV) for upadacitinib. At the end of the week, a large number of biotechs companies start presenting posters and abstracts at the International Liver Congress 2021.
Projected dividend increases (quarterly): Companies expected to boost their dividend payouts include Kroger (NYSE:KR) to $0.20 from $0.18, PennyMac Mortgage (NYSE:PMT) to $0.51 from $0.47 and Matson (NYSE:MATX) to $0.24 from $0.23.
Nike earnings preview: Analysts expect Nike (NKE) to report revenue of $11.12B and EPS of $0.51. Headwinds in China for Nike could weigh on the FY22 guidance that is expected to be introduced by the global athletic footwear and apparel giant. Other areas of focus for investors will be trends in North America and updates on product innovation. Shares of Nike are down 8.9% YTD.
Shipping on display: Marine Money Week takes place with a combination of factors contributing to strong rallies across the shipping sector. Many of the big players are scheduled to discuss the pricing boom in the dry bulk market and the compelling setup for tankers in the second half. Participants include EuroDry (NASDAQ:EDRY), Safe Bulkers (NYSE:SB), Seanergy Maritime Holdings (NASDAQ:SHIP), Kirby Corporation (NYSE:KEX), International Seaways (NYSE:INSW), Teekay Tankers (NYSE:TNK), Golar LNG (NASDAQ:GLNG) and Grindrod Shipping (NASDAQ:GRIN). 29 of the 30 publicly-traded shipping stocks have positive gains for the year, with 14 of those stocks more than doubling in value.
Amazon Prime Day: Amazon's (AMZN) annual shopping extravaganza is scheduled for June 21-22. The e-commerce juggernaut promises more than two million deals over 48 hours. The company is highlighting deals from Under Armour (NYSE:UAA), Mattel (NASDAQ:MAT) and Columbia Sportswear (NASDAQ:COLM) - as well as making a strong push for pet food sales in a development Chewy (NYSE:CHWY) shareholders may want to watch. Big box retailers like Target (NYSE:TGT), Walmart (NYSE:WMT) and Best Buy (NYSE:BBY) will also be running competing deals in an effort to hold market share. Telsey Advisory Group forecasts Prime Day sales of $11B to $12B with Amazon seen benefiting from a favorable macro environment, strong discretionary demand, a larger global Prime member base, wider product assortment and an increase in participation by small businesses.
Eyes on Lordstown: Lordstown Motors (NASDAQ:RIDE) is scheduled to hold five days of media events around Lordstown Week. The company will show off its factory, prototype pickup trucks and hold meetings with shareholders, suppliers and customers. The key focus from investors will be on potential buyers and expectations on the production
Corporate spotlight: The five-day NRF Retail Converge conference will cover all corners of retail. Walmart (WMT) U.S. President and CEO John Furner will headline a fireside chat with NRF President and CEO Matthew Shay. Intel (NASDAQ:INTC) holds an Edge of Wonderful virtual event just ahead of Mobile World Congress 2012. Hewlett Packard Enterprise's (NYSE:HPE) three-day HPE Discover event runs during the week. In the tech sector, Microsoft (MSFT) plans to detail its next generation of software at a Windows event. Investor events are also on the calendar for Equinix (NASDAQ:EQIX), Colony Capital (NYSE:CLNY), United Natural Foods (NYSE:UNFI) and Nutanix (NASDAQ:NTNX). Check out Seeking Alpha's Catalyst Watch for a detailed list of the events to watch and timing.
Conferences rundown: Conferences scheduled to run during the week include the Raymond James Human Health Innovations Conference, the JP Morgan European Automotive Conference, the JP Morgan Energy, Power & Renewables Conference, the Goldman Sachs Leisure & Transport Conference 2021, the Wells Fargo Bricks to Clicks Digital Conference and the Sidoti Virtual Investors Conference. Check out Seeking Alpha's Catalyst Watch for a detailed list of events to watch.
Notable annual meetings: Annual meetings of interest this week include Fastly (NYSE:FSLY) on June 21; Dell Technologies (NYSE:DELL) and Airbnb (NASDAQ:ABNB) on June 22, JD.com (NASDAQ:JD) on June 23 and Kroger (KR) on June 24.
Self-driving cars make the cover this week as the publication breaks down which EV stocks to buy and the ones to avoid. Autonomous driving is said to be closer than ever as companies like Lyft (NASDAQ:LYFT), Aptiv (NYSE:APTV), Waymo and GM's (NYSE:GM) Cruise push forward aggresively. Pure play lidar companies like Luminar Technologies (NASDAQ:LAZR). Aeva Technologies (NYSE:AEVA), Ouster (NYSE:OUST) and Velodyne Lidar (NASDAQ:VLDR) are dissected for their upside, while Tesla (NASDAQ:TSLA) is identified as one of the leaders in making self-driving cars a reality. In the consumer sector, Six Flags Entertainment (NYSE:SIX) is profiled favorably, while home builder Lennar (NYSE:LEN) is seen still benefiting from housing market drivers.
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