| | 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. Outlook  Tech heavyweights will be in the spotlight next week with Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG) and Facebook (NASDAQ:FB) all stepping into the earnings confessional. Economic reports due out include updates on new home sales, pending home sales, durable goods orders and Q2 GDP. The Federal Reserve two-day meeting of its policy-making committee wraps up on July 28. Chairman Jerome Powell is expected to discuss the pace of central bank tapering and inflation expectations during the presser. Robinhood Markets (HOOD) makes its public debut event, along with a large number of companies with IPOs and SPAC closings. Also keep an eye out for Intel (NASDAQ:INTC), with the company hoping to turn heads with a product event. | | Earnings Earnings spotlight: Monday, July 26th: Lockheed Martin (NYSE:LMT), Hasbro (NASDAQ:HAS) and F5 Networks (NASDAQ:FFIV).
Earnings spotlight: Tuesday, July 27th: Centene (NYSE:CNC), UPS (NYSE:UPS), Archer-Daniels (NYSE:ADM), General Electric (NYSE:GE), Apple (AAPL), Alphabet (GOOG), Microsoft (MSFT), AMD (NASDAQ:AMD), Chubb (NYSE:CB), Mattel (NASDAQ:MAT), Starbucks (NASDAQ:SBUX), Visa (NYSE:V) and Mondelez International (NASDAQ:MDLZ).
Earnings spotlight: Wednesday, July 28th: McDonald's (NYSE:MCD), Shopify (NYSE:SHOP), Tilray (NASDAQ:TLRY), Facebook (FB), Ford Motor (NYSE:F), Qualcomm (NASDAQ:QCOM), Boeing (NYSE:BA), Pfizer (NYSE:PFE), PayPal (NASDAQ:PYPL), Spotify (NYSE:SPOT) and Shopify (SHOP).
Earnings spotlight: Thursday, July 29th: Altria (NYSE:MO), American Tower (NYSE:AMT), Anheuser-Busch InBev (NYSE:BUD), Amazon (NASDAQ:AMZN), Fortinet (NASDAQ:FTNT), T-Mobile US (NASDAQ:TMUS) and Merck (NYSE:MRK).
Earnings spotlight: Friday, July 30th: AbbVie (NYSE:ABBV), Caterpillar (NYSE:CAT), Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM) and Procter & Gamble (NYSE:PG). | | Sponsored By Voyager  Decentralized finance is revolutionizing the investment space as we know it. With a vast range of DeFi tokens to choose from, where should you begin? Voyager wants to empower you with the knowledge and education you need to invest intelligently. Check out Voyager's deep dive into popular DeFi assets to see how you can diversify with DeFi. Read more to find the next big DeFi moonshot. | | IPOs IPO watch: IPOs expected to start trading on July 28 include Dole ( DOLE), Duolingo ( DUOL), MeridianLink ( MLNK), Snap One ( SNPO), Context Therapeutics ( CNTX), Riskified ( RSKD) and Preston Hollow Community Capital ( PHCC). Robinhood Markets ( HOOD) is also expected to start trading after its direct listing. Analysts will start buzzing on a long list of companies rolling off their quiet period expirations, including Didi Global (NYSE: DIDI), SentinelOne (NYSE: S), Legalzoom (NASDAQ: LZ), Krispy Kreme (NASDAQ: DNUT), Xometry (NASDAQ: XMTR), EverCommerce (NASDAQ: EVCM), Intapp (NASDAQ: INTA), Torrid Holdings (NYSE: CURV), CVRx (NASDAQ: CVRX), Aerovate Therapeutics (NASDAQ: AVTE), DingDong Cayman (NYSE: DDL), Better Choice Co Inc ( OTCQX:BTTR), Pop Culture Group (NASDAQ: CPOP), Glimpse Group (NASDAQ: VRAR), Recruiter Group (NASDAQ: RCRT) and Eco Wave Power Global (NASDAQ: WAVE). There are also IPO lock-up expirations on Shoals (NASDAQ: SHLS), Tian Ruixiang (NASDAQ: TIRX), Qualtrics (NASDAQ: XM) and ZIM Shipping Services (NYSE: ZIM) to watch. | | M&A M&A tidbits: Shareholders with RumbleOn (NASDAQ: RMBL) meet on July 30 to vote on the proposed business combination with RideNow. AMD stand outs with investors looking for an update on the Xilinx (NASDAQ: XLNX) deal. | | Healthcare 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.
| | Dividends 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. | | SPACs 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).
| | Analysis 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).
| | Events 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. | | Stocks 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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