Catalyst watch for next week: CES buzz, OPEC meeting and Bed Bath & Beyond earnings
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Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Read more about the events that may impact stock prices next week.
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 - January 3


Volatility watch - Options trading spiked higher again this week on Nxt-ID (NASDAQ:NXTD), ContextLogic (NASDAQ:WISH) and Camber Energy (NYSE:CEI). Stocks generating strong interest on Reddit's WallStreetBets include Nio (NYSE:NIO) and (NASDAQ:SOFI). Naked Brand Group (NASDAQ:NAKD) and American Virtual Cloud Technologies (NASDAQ:AVCT) are two of the most cited stocks on Stocktwits. Short interest positions are elevated on Lordstown Motors (NASDAQ:RIDE) and Hyliion Holdings (NYSE:HYLN) heading into the week.

All day - A number of important data reports are expected to arrive in the first couple days of the month. Look for deliveries updates from Chinese electric vehicle makers Nio (NIO), XPeng (NYSE:XPEV) and Li Auto (NASDAQ:LI) for December. The Chinese EV sector has rallied four of the last five times the monthly updates have arrived. In the U.S., Tesla (NASDAQ:TSLA) will also post its quarterly deliveries update in the first few days of the month. Also watch for December traffic reports from airlines such as American Airlines Group (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), United Airlines (NASDAQ:UAL), Southwest Airlines (NYSE:LUV), Spirit Airlines (NYSE:SAVE) and JetBlue (NASDAQ:JBLU). The month included high travel demand around the holidays, but also some operational disruptions. Meanwhile, the latest gaming revenue report from Macau could impact casino stocks like Las Vegas Sands (NYSE:LVS), Melco Resorts & Entertainment (NASDAQ:MLCO) and Wynn Resorts (NASDAQ:WYNN), while the financial sector see the daily average revenue trades reports be reported from discount brokerage firms.

All day - IPOs expected to start trading include Cingulate (NASDAQ:CING), HashiCorp (NASDAQ:HCP), Nu Holdings (NYSE:NU) and Chicago Atlantic Real Estate Finance (NASDAQ:REFI).

Tuesday - January 4


All day - The OPEC+ meeting is the biggest event of the week in the energy sector. OPEC and its allies are expected to maintain their existing policy of modest monthly increases in oil output with some concerns on the impact of the Omicron variant easing over the last couple of weeks. Crude oil prices have pushed higher after three of the last four OPEC+ meetings.

All day - Shareholders with VPC Impact Acquisition (NYSE:VPCC) meet to vote on the SPAC deal to take banking app Dave public. The deal includes a $210M private placement led by Tiger Global Management. Mark Cuban is an early investor in Dave.

10:00 a.m. The Job Openings and Labor Turnover Survey, or JOLTS, for November is released. Although quite backward looking, the report has taken on greater significance in the tight labor market. In October, job openings topped 11M, but the quits rate dropped.

10:00 a.m. - AMD (NASDAQ:AMD) host its 2022 Product Premiere event at CES to highlight innovations and solutions featuring upcoming AMD Ryzen processors and AMD Radeon graphics.

2:00 p.m. Qualcomm (NASDAQ:QCOM) holds its press conference at CES.

3:00 p.m. John Deere (NYSE:DE) holds its press conference at CES. Analysts think a strong appearance at CES could help the company be viewed as more of a tech players in the areas of robotics and vehicle intelligence.

4:00 p.m. Ambarella (NASDAQ:AMBA) holds a Capital Markets Day at CES that includes product demonstrations as well as discussions on the companyâs technology, growth strategies and markets

6:00 p.m. Hyundai (OTCPK:HYMTF) holds its press conference at CES.

Wednesday - January 5


11:00 a.m. FactSet Research Systems (NYSE:FDS) will host a conference call to discuss its deal to acquire CUSIP Global Services from S&P Global for $1.925 billion in cash.

2:00 p.m. Luminar Technologies (NASDAQ:LAZR) holds a joint press conference at CES with Volvo Cars to discuss their vision of the future of automotive safety and autonomy. Shares of Luminar have rallied in the past after media appearances.

2:00 p.m. The Federal Open Market Committee issues minutes of its November meeting. Investors will be looking for more details on the Fed's mindset, including the decision to lower its GDP forecast and lift inflation expectation for 2021, 2022 and 2023.

2:00 p.m. Edgewise Therapeutics (NASDAQ:EWTX) is scheduled to report topline results from the Phase 1b clinical trial of EDG-5506 in individuals with BMD. Shares of Edgewise Therapeutics soared earlier this year after the FDA granted Fast Track designation for the treatment.

Thursday - January 6


All day - ADTRAN (NASDAQ:ADTN) shareholders meet to vote on the deal to acquire ADVA (OTCPK:ADVOF). The deal is expected to form a global fiber networking leader with combined revenue of $1.2 billion. The deal is expected to close in the second or third quarter of 2022.

All day - Shareholders with Petra Acquisition (NASDAQ:PAIC) meet to vote on the SPAC deal with Revelation Biosciences. The company says lead product candidate REVTx-99 has the potential to broadly prevent or treat infections caused by various respiratory viruses such as SARS-CoV-2 including its variants, influenza A and B, parainfluenza, rhinovirus, and respiratory syncytial virus.

All day - Bed Bath & Beyond (NASDAQ:BBBY) posts earnings with options trading implying a move of over 20% after the numbers drop. BBBY has missed revenue estimates in three of the last four reports and has fallen short with EPS in four of the last five quarters.

All day - Walgreens Boots Alliance (NASDAQ:WBA) reports fiscal first-quarter results. Analysts are looking for EPS of $1.32 and sales of $32.7B. There have been 10 upward EPS revisions in the last three months, and one downward revision.

8:00 a.m. Avalo Therapeutics, Inc. (NASDAQ:AVTX) hosts a virtual investor day that will provide a comprehensive update on the company's lead programs and clinical-stage pipeline. An outline of the companyâs goals for fiscal year 2022 is also anticipated.

5:00 p.m. Magnachip Semiconductor Corporation (NYSE:MX) holds an investor call to detail its MX 3.0 strategy. Magnachip Semiconductor rallied earlier this month after announcing a $75M buyback plan.

Friday - January 7


All day - Viatris (NASDAQ:VTRS) holds an analyst day event after a bottoms-up strategic planning effort. The company plans to detail a two-phased strategic roadmap that will include specific financial guidance for 2022-2023 and an overview of catalysts for 2024 and beyond that it sees driving future growth.

8:30 a.m. The December jobs report is the first major economic release of the year. Economists forecast a jump to 400K nonfarm payroll additions in December to mark a notable increase from the 210K tally from November.

8:30 a.m. San Francisco Federal Reserve Bank President Mary Daly delivers a speech at an U.S. Monetary Policy for 2022 panel before the virtual American Economic Association Annual Meeting.

12:00 p.m. Smartsheet (NYSE:SMAR) hosts a virtual Investor Day event that includes a live question and answer session. Shares of SmartSheet rallied 10% in the week following its last investor day.