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Healthcare watch: The four-day Alzheimer's Association International Conference dominates the healthcare calendar in the week ahead. Some of the key presentations will be from Longeveron (NASDAQ:LGVN) on Lomecel-B, AC Immune SA (NASDAQ:ACIU) on ACI-24 (anti-Abeta vaccine), Alector (NASDAQ:ALEC) on AL001, Cassava Sciences (NASDAQ:SAVA) on Simufilam (PTI-125) and Cortexyme (NASDAQ:CRTX) on Atuzaginstat - GAIN. Bank of America has its eyes on Alector, with the additional data expected to derisk the AL001 program further.
Projected dividend increases (quarterly): Companies forecast to boost their dividend payouts include Wells Fargo (NYSE:WFC) to $0.20 from $0.10, Weingarten (NYSE:WRI) to $0.30 from $0.23, Wingstop (NASDAQ:WING) to $0.17 from $0.14, MSCI Inc. (NYSE:MSCI) to $0.88 from $0.78, Skyworks Solutions (NASDAQ:SWKS) to $0.56 from $0.50 and Mondelez International (MDLZ) to $0.345 from $0.315.
SPAC watch: A number of SPAC deals are expected to close next week after shareholder votes. Keep an eye on the public debuts of Reservoir Holdings via Roth CH Acquisition II Co. (NASDAQ:ROCC), Cyxtera Technologies via Starboard Value Acquisition (NASDAQ:SVAC), A Place For Rover via Nebula Caravel Acquisition Corp. (NASDAQ:NEBC), CCC Intelligent Solutions via Dragoneer Growth Opportunities Corp. (NYSE:DGNR), Hippo via Reinvent Technology Partners (NYSE:RTPZ), RideNow via RumbleOn (RMBL) and QOMPLX via Tailwind Acquisition Corp. (NYSE:TWND).
Microsoft earnings preview: More Wall Street analysts seem to be expecting a beat-and-raise quarter out of Microsoft (MSFT) with Azure growth numbers in particular seen standing out. The company is expected to issue positive commentary on its role in the enterprise-wide digital transformation shift
Apple earnings preview: Apple (AAPL) is seeing a lot of analysts increase their FQ3 estimates just ahead of the big report. UBS forecasts that aggressive carrier promotions in the U.S. and strength in China drove iPhone units up 15% year-over-year to 44M units. Meanwhile, Wedbush Securities analyst Dan Ives still thinks Apple is looking to break into the auto sector. "Now, looking at the Apple Car, it has been one step forward, two steps back. It's coming, I believe 2024 or 2025. But I believe they lay the groundwork over the next 3, 6 or 9 months to get there," he notes.
Tesla earnings preview: Consensus marks on Tesla (NASDAQ:TSLA) are for Q2 revenue of $11.40B and EPS of $0.97. Barclays expects Tesla to top estimates as price increases are seen outpacing cost pressures. The firm is still highly cautious on valuation as it expects an increased desire down the road to model Tesla based on traditional OEM measures. A big wildcard for Tesla will be if the company takes an impairment charge on Bitcoin (BTC-USD) and what the latest spin is from Elon Musk on cryptocurrencies.
Earnings volatility watch: Companies expected to report earnings next week with options trading implying large price swings include Marin Software (NASDAQ:MRIN), Vinco Ventures (NASDAQ:BBIG), MoneyGram International (NASDAQ:MGI), Ashford Hospitality Trust (NYSE:AHT), Tilray (TLRY) and Peabody Energy (NYSE:BTU).
Corporate events: Intel (INTC) execs are scheduled to provide a deeper look at the company's process and packaging roadmaps in a webinar on June 26. The company says it is accelerating its annual cadence of innovation with new advancements in semiconductor process and packaging as part of its IDM 2.0 strategy. Also on June 26, Biocept (NASDAQ:BIOC) could generate some attention with its appearance at the Brookline Capital Markets Newport Symposium. Navitas Semiconductor and Live Oak Acquisition Corp. II (NYSE:LOKB) hold an in-person, buy-side investor day at NASDAQ headquarters. The event is aimed at demonstrating the continued progress on Navitas' plan to become publicly traded.
Notable annual meetings: AMC Entertainment (NYSE:AMC) holds its annual meeting on July 29. The company added chairman duties for CEO Adam Aron earlier this week. Chuy's Holdings (NASDAQ:CHUY), PetMed Express (NASDAQ:PETS) and Ralph Lauren (NYSE:RL) also have annual meetings scheduled.
Barron's mentions: The publication digs through the travel and leisure sector to find a group of stocks that it says has the right attributes and improving fundamentals to ride out the bumpy path to a full reopening. Hilton Worldwide Holdings (NYSE:HLT), Host Hotels & Resorts (NASDAQ:HST), MGM Growth Properties (NYSE:MGP), Royal Caribbean Group (NYSE:RCL), Travel + Leisure (NYSE:TNL) and Wyndham Hotels & Resorts (NYSE:WH) all make the list. Other stocks making the buy list this week are water treatment player Evoqua Water Technologies (NYSE:AQUA) and TripAdvisor (NASDAQ:TRIP). While Robinhood Markets (HOOD) is called a transformational company, advice is doled out to sit out the direct listing.
Sources: EDGAR, Bloomberg, CNBC, Automotive News, Renaissance Capital
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