Market Spotlight: Keep an eye on volatility levels as short interest is elevated on Arhaus (ARHS), Root (ROOT), and Big Lots (BIG). Increased options volume on Tupperware Brands (TUP) and WeWork (WE) indicates heightened activity. Activision Blizzard (ATVI) and Microsoft (MSFT) are of interest due to the UK's Competition and Markets Authority potentially requiring a divestiture for deal approval.
Earnings Watch: Notable earnings reports expected from Suncor Energy (SU) and Rumble (RUM). Canoo (GOEV) and Super League Gaming (SLGG) are poised for double-digit share price swings following their earnings announcements.
Event Focus: The EnerCom Denver energy investment conference begins in Denver, featuring prominent energy companies and discussions on compliance trends, carbon capture, and M&A.
Market Insight: Hedge funds' 13F filings will provide insights into significant positions, revealing potential market trends and investment strategies.
Tuesday - August 15
Earnings Alert: Home Depot (HD), Agilent Technologies (A), and On Holding (ONON) are set to report. CAVA Group (CAVA) anticipates a double-digit share price swing following its first report as a publicly-traded company.
Financial Watch: Bank credit card metric reports will offer insights into consumer financial trends. Companies like American Express (AXP), Bank of America (BAC), and Citigroup (C) will update on credit card net charge-offs and delinquency rates for July.
Corporate Development: LICT Corporation (OTCPK:LICT) undergoes a spinoff of a majority interest in its Michigan businesses through a distribution of MachTen common stock.
M&A Deadline: The termination deadline for Intel's (INTC) $5.4B purchase of Tower Semiconductor (TSEM) arrives.
Insightful Conference: The Deutsche Bank Transportation Conference features presentations from key industry players such as FedEx (FDX) and UPS (UPS), with potential impact on share prices.
Wednesday - August 16
Earnings Spotlight: Cisco (CSCO), TJX Companies (TJX), Target (TGT), JD.com (JD), and Brinker International (EAT) are reporting. Citi highlights Cisco as a potential mover. Cisco's earnings report may result in a 5% share price swing.
Micro-Cap Focus: The Sidoti August Micro-Cap Conference showcases presentations from smaller companies, including Comstock (LODE) and Blue Apron (APRN).
Gaming Data Release: NPD/Circana releases video game sales data for July.
Fed Insight: The Federal Reserve releases minutes from the last FOMC meeting.
Thursday - August 17
Earnings Spotlight: Walmart (WMT), Applied Materials (AMAT), Ross Stores (ROST), Farfetch (FTCH), and Tapestry (TPR) report. Expect a double-digit share price swing for Farfetch (FTCH) and Bilibili (BILI).
Earnings Call: Walmart (WMT) holds its earnings conference call. Watch for correlated trading moves in companies like Costco (COST) and Best Buy (BBY).
Friday - August 18
Earnings Wrap-Up: Deere (DE), Palo Alto Networks (PANW), and Estee Lauder (EL) are among the notable companies reporting.
FDA Action: Keep an eye on Neurocrine Biosciences' (NBIX) valbenazine, which could receive FDA action as a treatment for chorea associated with Huntington's disease.
Global Summit: President Joe Biden hosts a trilateral summit with Japan and the Republic of Korea at Camp David.
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