Catalyst watch: Google talks AI, Nordstrom drama and Canada Goose event
franckreporter

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 - February 6


Volatility watch - Carvana (CVNA) and Beyond Meat (BYND) are positioned once again for a volatile week with short interest at a very high level. Silvergate Capital (SI) and Esports Entertainment (GMBL) are on the list of stocks with the highest implied volatility based on options trading. Nordstrom (JWN) is expected to be a battleground stock with short interest at a high level and Ryan Cohen reported to have taken an activist stake.

All week -  Data reports expected to come in include new Nielsen numbers on food/beverage/household products, the EIA Short-Term Energy Outlook, and asset under management numbers from brokers.

All day -  Notable companies due to report include Activision Blizzard (ATVI), Tyson Foods (TSN), Take-Two Interactive (TTWO). Options trading implies a double-digit swing up or down when Chegg (CHGG) reports. The ATVI report is of high interest with the Microsoft (MSFT) buyout pending.

4:30 p.m. Take-Two Interactive Software (TTWO) will hold its earnings conference call. Analysts think shares could see a jolt based upon the results for Performance of Marvel Midnight Suns and the company's overall mobile game portfolio guidance.

Tuesday - February 7


Earnings watch -  Notable companies due to report include BP (BP), Chipotle (CMG), Fortinet (FTNT), Dupont (DD), Royal Caribbean (RCL). Options trading implies a double-digit swing up or down when Lumen Technologies (LUMN) and Hertz Global (HTZ) report.

All day -  Shareholders with Mountain Crest Acquisition Corp III (MCAE) will vote on the deal to take digital health company ETAO International public in a SPAC deal. ETAO considers itself a digital healthcare group providing telemedicine, hospital care, primary care, pharmacy and health insurance.

M&A watch - The go-shop period expires on the Vista Equity acquisition of Duck Creek Technologies (DCT).

10:00 a.m. Canada Goose Holdings (GOOS) will host an Investor Day event focused on the apparel retailer's long-term strategic initiatives and financial outlook.

10:00 a.m. Royal Caribbean (RCL) will hold a key conference call to go over Q4 results and provide a business update. The update will be one of the cruise line sector's first insider updates on the Wave Season, and could impact trading on Carnival (CCL), Norwegian Cruise Line Holdings (NCLH), and Lindblad Expeditions (LIND).

10:00 a.m. IBM (IBM) CFO James Kavanugh will hold a call with Bank of America as part of the firm's CFO Call Series.

Wednesday - February 8


Earnings watch -  Notable companies due to report include Disney (DIS), CVS Health (CVS), Dominion Energy (D), Uber (UBER), and MGM Resorts (MGM). Options trading implies a double-digit swing when Affirm (AFRM) and Under Armour (UAA) report.

All day -  Shareholders with Pathfinder Acquisition Corp. (PFDR) will vote on the deal to take movement digitalization technology provider Movella public through a SPAC deal that pegs the enterprise value of the combined company at $537M.

All day -  Google (GOOG) will hold an event on Search and AI. Amid growing interest in AI, the tech giant said it will detail the power of AI to reimagine how people search for, explore and interact with information. Shopping, Maps, and Travel are also a few of the highlights that are expected to be highlighted at the event. The event will also be of high interest to Microsoft (MSFT), which has a stake in ChatGPT. C3.ai (AI) and Nvidia (NVDA) have also been bid up recently on ChatGPT upside speculation. SoundHound AI (SOUN) is also a volatile AI-related stock.

Thursday - February 9


Earnings watch -  Notable companies due to report include Abbvie (ABBV), PepsiCo (PEP), Philip Morris (PM), Paypal (PYPL), Lyft (LYFT), Ralph Lauren (RL), and Kellogg (K). Options trading implies a double-digit swing up or down when Aurora Cannabis (ACB) and Corsair Gaming (CRSR) report.

All day -  Automakers with press conferences scheduled at the Chicago Auto Show include Subaru (OTCPK:FUJHY), Volkswagen (OTCPK:VLKAF), Honda (HMC), and Stellantis' (STLA) Ram and Jeep brands.

11:00 a.m. Immunic (IMUX) will hold a Celiac Disease R&D webcast. Shares of Immunic have seen jolts after similar events in the past.

Friday - February 10


Earnings watch -  Notable companies due to report include Enbridge (ENB) and Magna International (MGA).

Healthcare watch -  2seventy bio (TSVT) will present full Phase 3 data on Abecma (KarMMa-3) at the EBMT-EHA 5th European CAR T-cell meeting. The cancer therapy is being marketed by Bristol Myers Squibb (BMY). It is also the last trading before the FDA action date on Regeneron Pharmaceuticals' (REGN) Eylea

All day - The cryptocurrency market will be on watch with Federal Reserve Bank of Philadelphia President Patrick Harker due to speak at a crypto conference. Harker has said in the past that crypto finance does not pose a threat to global financial stability.
All day - It is the end date for the planned merger between F-star Therapeutics (FSTX) and invoX Pharma to close.