Catalyst Watch: Arm IPO, Apple event, and Senate AI Forum with Musk, Zuckerberg, and Gates
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Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week, or the Seeking Alpha earnings calendar for companies due to report.
Monday - September 11


Volatility watch - Short interest levels are elevated on Celsius Holdings (CELH) and Zynex (ZYXI). Options trading volume is higher on CymaBay Therapeutics (CBAY) and VinFast Auto (VFS).

All week - The conference schedule is loaded for the week. The marquee gathering could be the Morgan Stanley Global Healthcare Conference which will feature participation by Merck (MRK), Biogen (BIIB), Roche Holding AG (OTCQX:RHHBY), and Gilead Sciences (GILD) to name just a few. Other notable conferences that could lead to share price jolts include the Morgan Stanley Laguna Conference, Barclays Global Financial Services Conference, Piper Sandler Growth Frontiers Conference, Goldman Sachs Global Retailing Conference, Baird Global Healthcare Conference, UBS Global Energy Transition Conference, and the BofA Securities Media, Communications and Entertainment Conference.

Earnings watch -  Notable companies due to report include Oracle (ORCL) and Casey's General Stores (CASY). Options trading implies a double-digit swing in share price for Bowlero (BOWL) after the retailer reports.

All day - Fortinet (FTNT) will hold its third annual Security Summit in Napa, California. The tech event has been cited in the past by analysts boosting their outlook for Fortinet.

All day - The three-day Permissionless II event will begin in Austin, Texas. Permissionless II is described as the worldâs largest DeFi event, with over 7K crypto enthusiasts and builders expected to be in attendance. Ethereum (ETH-USD) Co-Founder Vitalik Buterin and SEC Commissioner Hester Peirce will be two of the notable speakers.

All day - Roche Holding AG (OTCQX:RHHBY) will hold its Pharma Day event in London.

Tuesday - September 12


Earnings watch -  Notable companies due to report include Cognyte Software (CGNT) and InnovAge Holding (INNV). Options trading implies a double-digit swing in share price for Farmer Bros (FARM) after the coffee distributor reports.

All day - The three-day Salesforce (CRM) Dreamforce Conference will begin. Notable speakers include Salesforce (CRM) CEO Marc Benioff, OpenAI CEO Sam Altman, and Salesforce AI CEO Clara Shih.

All day - Nasdaq will release the latest update on short interest positions. Small cap stocks have been the most profitable short bets in 2023. The small cap stocks with the highest percentage of short interest outstanding on them are Fisker (FSR), Springworks Therapeutics (SWTX), Winnebago (WGO), Sunnova Energy (NOVA), and Luminar Technologies (LAZR).

All day - Nike (NKE) will hold its annual meeting. Proxy firm ISS has recommended that Nike investors vote for the resolution calling on the company to disclose more data on pay equity for female and minority employees. A similar resolution was voted down in 2021. A separate resolution calls on Nike to offer more transparency on supply chain working conditions.

1:00 p.m. Apple (AAPL) will hold its Wonderlust product launch at the company's headquarters in Cupertino, California, with new iPhones expected to be revealed.

Wednesday - September 13


Earnings watch -  Notable companies due to report include Cracker Barrel Old Country Store (CBRL) and REV Group (REVG).

All day - The U.S. Senate will hold its first AI Insight Forum. The list of participants who will discuss AI topics includes OpenAI CEO Sam Altman, Nvidia (NVDA) CEO Jensen Huang, IBM (IBM) CEO Arvind Krishna, Microsoft (MSFT) CEO Satya Nadella, Microsoft co-founder Bill Gates, Meta Platforms (META) CEO Mark Zuckerberg, and Tesla (TSLA) CEO Elon Musk. The event will not be open to the press, but a readout will be distributed.

All day - Key investors events include the Aramark Holdings Corporation Uniform Services Analyst Day, Triumph Group Investor Day, Yum China (YUMC) Investor Day, Moderna (MRNA) R&D Day, and JFrog Ltd. Investor and Financial Analyst Event.

All day - The go-shop period on the acquisition of New Relic (NEWR) by Francisco Partners and TPG will expire. New Relic traded about 2% below the deal price at the time of publication.

8:30 a.m. The August Consumer Price Index will be released. Economists forecast a slight acceleration in inflation, with a 0.5% month-over-month rise and 3.6% year-over-year increase. Core CPI is seen being up 0.2% month-over-month and 4.3% year-over-year.

Thursday - September 14


Earnings watch -  Notable companies due to report include Adobe (ADBE) and Lennar (LEN).

All day - British chip design firm Arm Holdings (ARM) is expected to start trading in the U.S. after pricing its IPO. The initial expected range for the stock is $47 to $51, which would value the SoftBank (OTCPK:SFTBY)-owned company at more than $50B.

All day - Key investor events include PowerSchool's (PWSC) Investor Day, Cimpress' (CMPR) Investor Day, Bristol Myers Squibb's (BMY) R&D Day 2023, Mayville Engineering Company's (MEC) Investor Day, Ecolab's (ECL) Investor Day, LAbcorp's (LH) Investor Day, Bitfarms' (BITF) Analyst & Investor Day, Koppers Holdings' (KOP) Investor Day, BullFrog AI Holdings' (BFRG) Webinar, DoubleVerify's (DV) Innovation Day 2023, and Ocean Biomedical's (OCEA) R&D Day.

7:15 a.m. The European Central Bank will make a monetary policy decision statement. The ECB is forecast to leave its deposit rate facility unchanged at 3.75%.

8:30 a.m. The August Retail Sales report will be released. Economists forecast a 0.1% increase in retail sales in a deceleration from the +0.7% mark for July.

8:30 a.m. The August Producer Price Index report will be released. A surge in energy prices is expected to lead to a 0.4% month-over-month increase in PPI from +0.3% in July.

Friday - September 15


All day - It is the last trading day before the FDA action date on GSK's (GSK) blood cancer candidate momelotinib. The FDA extended the review period by three months for a drug the British drugmaker gained through its $1.9B buyout of Sierra Oncology last year.

All day - PNM Resources (PNM) will be on watch amid a New Mexico Supreme Court hearing over the company's plan to transfer its ownership of the coal-fired Four Corners Power Plant to a Navajo power company.

All day - Shareholders with Novartis (NVS) will vote on the company's plan to separate the Sandoz business to create a standalone company by way of a 100% spin-off.


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