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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. Outlook  Investors will get some hard reads on the U.S. consumer next week, with earnings reports due out from Walmart, (NYSE: WMT), Target (NYSE: TGT), Lowe's and Macy's (NYSE: M). Sandwiched in between those reports will be the July update on retail sales, which is forecast to show a 0.2% decline from the June tally. On Wednesday, the release of Fed minutes will have central bankers diving into the nuances of the varying viewpoints on bond buying tapering and inflation. Meanwhile, the electric vehicle sector will be following Tesla's AI Day event and more reverberations from the infrastructure legislation. | | Earnings Earnings spotlight: Monday, August 16th: Oatly (NASDAQ:OTLY) and Roblox (NYSE:RBLX).
Earnings spotlight: Tuesday, August 17th: Walmart (WMT), Home Depot (NYSE:HD), La-Z-Boy (NYSE:LZB) and Cree (NASDAQ:CREE).
Earnings spotlight: Wednesday, August 18th: Vipshop (NYSE:VIPS), Lowe's (NYSE:LOW), Target (TGT), TJX Companies (NYSE:TJX) and Analog Devices (NASDAQ:ADI), Cisco (NASDAQ:CSCO) and Nvidia (NASDAQ:NVDA).
Earnings spotlight: Thursday, August 19th: Estee Lauder (NYSE:EL), Macy's (M), MSG Sports (NYSE:MSGS), Petco Health and Wellness Company (NASDAQ:WOOF) and Applied Materials (NASDAQ:AMAT).
Earnings spotlight: Friday, August 20th: Foot Locker (NYSE:FL) and Deere (NYSE:DE). | | Sponsored By VantagePoint  Don't trade off hope. Don't trade off optimism. The most powerful indicator? Artificial intelligence. At VantagePoint, our ever-expanding artificial intelligence uses millions of data points to track market trends, giving you the support you need right now. There ARE still great opportunities out there. Attend our free LIVE demo online and our experts will show you what stocks are setting up for big changes right now AND how you can time your entries and exits to exploit the greatest payoffs. This is a LIVE online demonstration, there are no replays. Reserve a spot now! | | IPOs IPO watch: No IPOs are expected to launch, but there could be plenty of fireworks when the lock-up period for the TuSimple (NASDAQ: TSP) IPO expires on August 17. Following the expiration of analyst quiet period, watch for analyst to pour out next week on Ryan Specialty Group (NYSE: RYAN), Paycor HCM (NASDAQ: PYCR), Vtex (NYSE: VTEX), Instructure (NYSE: INST), CS Disco (NYSE: LAW), Couchbase (NASDAQ: BASE), Absci (NASDAQ: ABSI), Kaltura (NASDAQ: KLTR), Twin Vee PowerCats (NASDAQ: VEEE), Core & Main (NYSE: CNM), Caribou Biosciences (NASDAQ: CRBU), Cytek Biosciences (NASDAQ: CTKB), Sophia Genetics (NASDAQ: SOPH), Outbrain (NASDAQ: OB) Xponential Fitness (NYSE: XPOF), Gambling Group (NASDAQ: GAMB) and US Century Bank (NASDAQ: USCB). | | M&A M&A tidbits: Shareholders with U.S. Concrete (NASDAQ: USCR) vote on the proposed merger with Vulcan Materials (NYSE: VMC) on August 16. The go-shop period on the Thoma Bravo buyout of Stamps.com (NASDAQ: STMP) expires on August 18. Kansas City Southern (NYSE: KSU) shareholders are set to vote on August 19 on the Canadian National Railway (NYSE: CNI) offer. The rails merger is still up in the air with regulators and Canadian Pacific (NYSE: CP) both circling. | | Dividends Projected dividend increases: Companies forecast to boost their dividend payouts include Cable One (NYSE:CABO) to $2.75 from $2.50, Virtus Investment (NASDAQ:VRTS) to $0.90 from $0.82, First Midwest Bancorp (NASDAQ:FMBI) to $0.15 from $0.14 and M&T Bank (NYSE:MTB) to $1.15 from $1.10.
| | Analysis Tesla AI Day: Tesla (NASDAQ:TSLA) holds its long-awaited AI Day. The event is expected to feature a keynote address by Elon Musk, as well as hardware and software demos from Tesla engineers. While Musk said the main focus of the event will be on recruiting, updates on the company's role as an AI robotics player and the Dojo supercomputer project could be share price catalysts.
Target and Walmart earnings preview: The big week for retail sees Walmart (WMT) and Target (TGT) step into the earnings confessional. Bank of America expects a strong Q2 report from WMT and potential FQ3 upside on back to school and general merchandise strength. Looking ahead, Walmart is seen nabbing more grocery market share and matching the online sales growth of Amazon. Meanwhile, JPMorgan forecasts that Target will beat Q2 same-store sales expectations with a 9.0% mark. Target has topped sales estimates in five straight quarters and trades at a slight lower forward price-to-earnings ratio that Walmart at 21X vs 25X.
Beijing watch: The U.S. tech sector is on watch next week after China's five-year blueprint calling for greater regulation of the economy sets up the potential for an accelerated rotation away from Chinese tech stocks into U.S. tech names. Wedbush Securities is advising investors buy U.S tech amid the favorable backdrop for the balance of the year and some selling pressure on select names. The firm advies owning owning the secular winners FAANG, with Apple (NASDAQ:AAPL) identified as the top pick. Cloud names like Microsoft (NASDAQ:MSFT), DocuSign (NASDAQ:DOCU), NICE (NASDAQ:NICE) and Pegasystems (NASDAQ:PEGA) are also called out. | | Events Corporate events: Genius Brands (NASDAQ:GNUS) International plans to issue a business update on August 16 concurrent with its 10Q filing. There is action in the drone sector as well with AgEagle Aerial Systems (NYSE:UAVS) exhibiting at the AUVSI XPONENTIAL 2021 in Atlanta, Georgia and EHang Holdings Limited (NASDAQ:EH) holding an Investor Day event at its Yunfu production facility. At the end of the week, a volatile SPAC deal could reach the finish line when Spring Valley Acquisition Corp. (NASDAQ:SV) shareholders vote on the combination with sustainable indoor farming player AeroFarms. Check out Seeking Alpha's Catalyst Watch for a detailed list of specific events to watch.
Conference schedule: Conferences scheduled to run during the week include the 6th Annual Needham Virtual Med Tech & Diagnostics Conference, the Deutsche Bank Transportation Conference, the D.A. Davidson West Coast Bank Tour, the H.C. Wainwright Ophthalmology Virtual Conference, the Citi One-on-One MLP/Midstream Infrastructure Conference, the Needham Digital Transformation & FinTech 1X1 Conference, the B. Riley Small-cap Summer Summit and the Sidoti Virtual Microcap Conference 2021. | | Stocks Barron's mentions: Boeing (NYSE:MA) is featured on the cover this week with the stocks seen having 35% upside if the company can move beyond damage control and start retooling for the future with bold steps to restore engineering supremacy and repair the balance sheet. The publication keeps it simple in naming 10 stocks seen as able to generate consistently high compounding growth in revenues or profits for many years. Amedysis (NASDAQ:AMED), Amyris (NASDAQ:AMRS), Booz Allen Hamilton Holding (NYSE:BAH), J.B. Hunt Transport Services (NASDAQ:JBHT), Marriott Vacations Worldwide (NYSE:VAC), SiteOne Landscape Supply (NYSE:SITE), Staar Surgical (NASDAQ:STAA), Stitch Fix (NASDAQ:SFIX), Trex (NYSE:TREX) and Upwork (NASDAQ:UPWK) make the "compounders" list.
Sources: EDGAR, Bloomberg, CNBC, Reuters, Renaissance Capital
| | Seeking Alpha's Wall Street Breakfast Podcast Seeking Alpha's Wall Street Breakfast podcast brings you all the news you need to know for your market day. Released by 8:00 AM ET each morning, it is a quick listen that you can put on as you get ready to start your working day. | | | | |
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