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[192.64.238.19]) by mx.google.com with ESMTPS id 206-20020a8102d7000000b00317456d77dcsi10842167ywc.342.2022.06.19.04.47.51 for (version=TLS1_2 cipher=ECDHE-ECDSA-AES128-GCM-SHA256 bits=128/128); Sun, 19 Jun 2022 04:47:52 -0700 (PDT) Received-SPF: pass (google.com: domain of delivery_20220619074725.28108769.806358@bouncest.seekingalpha.com designates 192.64.238.19 as permitted sender) client-ip=192.64.238.19; Authentication-Results: mx.google.com; dkim=pass header.i=@seekingalpha.com header.s=sailthru header.b=hpmY5alP; spf=pass (google.com: domain of delivery_20220619074725.28108769.806358@bouncest.seekingalpha.com designates 192.64.238.19 as permitted sender) smtp.mailfrom=delivery_20220619074725.28108769.806358@bouncest.seekingalpha.com; dmarc=pass (p=QUARANTINE sp=QUARANTINE dis=NONE) header.from=seekingalpha.com DKIM-Signature: v=1; a=rsa-sha256; c=relaxed; s=sailthru; d=seekingalpha.com; h=Date:From:Reply-To:To:Message-ID:Subject:MIME-Version:Content-Type: List-Unsubscribe; i=account@seekingalpha.com; bh=y7Dn8/s9MNhD4Jnfx4Q9EQ1XzHaQY0wmPD/C0G5HRFU=; b=hpmY5alPqrGd3RB5qBI9OUEXGAZ2Ph01SrbfrTU5Crn2AKC+LBumNJ38WMb+qX7dBD2iOMmJJbhw aSRSrEWF4DDJBdq18xriMc1T3THudpY6NqZqLUou0E2HQHZUHSN1aEHtugDP0DE1GaSm6ZsGp09n JLJo7zlOHAOwE7s32F0= Received: from njmta-90.sailthru.com (173.228.155.90) by pmta11.sailthru.com id hls6ee2tq4o7 for ; Sun, 19 Jun 2022 07:47:25 -0400 (envelope-from ) Received: from nj1-newyonder.flt (172.18.20.6) by njmta-90.sailthru.com id hls6cq1qqbsu for ; Sun, 19 Jun 2022 07:47:25 -0400 (envelope-from ) Date: Sun, 19 Jun 2022 07:47:25 -0400 (EDT) From: Seeking Alpha Reply-To: wsbfeedback@seekingalpha.com To: sterlingwhg@gmail.com Message-ID: <20220619074725.28108769.806358@sailthru.com> Subject: Wall Street Breakfast: The Week Ahead MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_Part_38310150_1764739938.1655639245240" Precedence: bulk X-Feedback-ID: 9033:28108769:campaign:sailthru X-TM-ID: 20220619074725.28108769.806358 X-Info: Message sent by sailthru.com customer Seeking Alpha X-Info: We do not permit unsolicited commercial email X-Info: Please report abuse by forwarding complete headers to X-Info: abuse@sailthru.com X-Mailer: sailthru.com X-JMailer: nj1-newyonder.flt X-Unsubscribe-Web: https://email-st.seekingalpha.com/oc/60c1e5c4dba83e59149ff347gqgv5.ha6u/534293ae List-Unsubscribe: , X-rpcampaign: stnjl28108769 X-Spam-Status: No, score=3.5 X-Spam-Score: 35 X-Spam-Bar: +++ X-Spam-Flag: NO ------=_Part_38310150_1764739938.1655639245240 Content-Type: text/html; charset=utf-8 Content-Transfer-Encoding: quoted-printable
Economic reports in the week ahead - Investors will strap in next week for = more interest rate reality, with Federal Reserve Chairman Jerome Powell due= to testify before Congress and expected to reiterate the need to combat in= flation through aggressive rate hikes. The economic reports due out next we= ek include updates on existing home sales on June 21, initial jobless claim= s on June 23, and the University of Michigan reading on consumer sentiment = on June 24, which could come in at a record low. FedEx (NYSE:FDX) reports e= arnings on June 23 in what will be a closely watched report across several = sectors. Meanwhile, the four-day Amazon (NASDAQ:AMZN) re:Mars event on AI, = robotics, and automation innovation could turn some heads in the tech world= . In the healthcare sector, the World Health Organization is in the spotlig= ht, with the global agency set to vote on whether to declare monkeypox a pu= blic health emergency. Notable movers off monkeypox developments have inclu= ded SIGA Technologies (NASDAQ:SIGA), Bavarian Nordic (OTCPK:BVNRY) (OTCPK:B= VNKF), Emergent BioSolutions (EBS), and GeoVax Labs (GOVX). Gun and ammunit= ion stocks will also be on watch next week, with some Republicans opening t= he door for a potential vote on a gun bill. Smith & Wesson (NASDAQ:SWBI= ), Sturm, Ruger (RGR), Vista Outdoor (VSTO), Sportsman's Warehouse (SPWH), = AMMO (NASDAQ:POWW) and Olin Corporation (OLN) are some of the stocks that c= ould see extra volatility.
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Welcome to the Sunday edition of Wall Street Breakfast,=20 which previews events for investors to watch during the upcoming week. If y= ou want to receive this a day earlier, follow Stocks to Watch and select the option to receive email notifications.

Top News
Economic reports in the we= ek ahead
Investors will strap in next week for more interest rat= e reality, with Federal Reserve Chairman Jerome Powell due to testify befor= e Congress and expected to reiterate the need to combat inflation through a= ggressive rate hikes. The economic reports due out next week include update= s on existing home sales on June 21, initial jobless claims on June 23, and= the University of Michigan reading on consumer sentiment on June 24, which= could come in at a record low. FedEx (NYSE:FDX) reports earnings on June 23 in what will be a closely w= atched report across several sectors. Meanwhile, the four-day Amazon (NASDA= Q:AMZN) re:Mars event on AI, = robotics, and automation innovation could turn some heads in the tech world= . In the healthcare sector, the World Health Organization is in the spotlig= ht, with the global agency set to vote on whether to declare monkeypox a pu= blic health emergency. Notable movers off monkeypox developments have inclu= ded SIGA Technologies (NASDAQ:SIGA), Bavarian Nordic (OTCP= K:BVNRY) (OTCPK:BVNKF), Emer= gent BioSolutions (EBS), and GeoVax Labs (GOVX).= Gun and ammunition stocks will also be on watch next week, with some Repub= licans opening the door for a potential vote on a gun bill. Smith & Wes= son (NASDAQ:SWBI), Sturm, Ruger (RGR), Vista Outdoor (VSTO<= /a>), Sportsman's Warehouse (SPWH), AMMO (NASDAQ:POWW) and Olin Corporation (O= LN) are some of the stocks that could see extra volatility.
Featured
What to do now that the bear is back
The possibility of a US recession is sto= king investors=E2=80=99 fears and roiling the markets.

The S&= ;P 500 led last week=E2=80=99s market losses with a 5.8% drop, dragging dow= n all its sectors, while the once-red hot crypto market is plummeting.

In a market this volatile, there are opportunities. So which stocks are becoming attrac= tive to buy now?

On Seeking Alpha, you can evaluate any stock in seconds with our= exclusive stock ratings, and by the valuation, growth, and profitab= ility grades. Our = 'Strong Buy' stock picks are= outperforming the S&P 500 by 14% YTD.

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Earnings

Earnings spotlight: Tuesday, June 21 - Lennar (NYSE:LEN) and La= -Z-Boy (LZB).

Earnings spotlight: Wednesday, June 22 - Winnebago (WGO), KB Home (KBH) and H.B. Fuller (FUL).

Earnings spotlight: Thursday, June 23<= /strong> - Accenture (NYSE:ACN), = FedEx (FDX), Darden Restauran= ts (DRI), Rite Aid (RAD), Smith & Wesson Bra= nds (SWBI), an= d Blackberry (BB).

Earnings spotlight: Friday, June 24 CarMax (KMX).
IPOs
IPO watch: Mobilicom (MOB) is expected to start trading on June 23.= The Israeli tech company provides a range of autonomous system control and= related cybersecurity technologies. Moilicom plans to offer 2.2M American = Depositary Shares, with each ADS representing 150 ordinary shares, at the a= ssumed price of $4.65 per ADS. Also next week, the quiet period ends on Sin= ging Machine (NASDAQ:MICS) to free up analysts to post ratings.
Dividends
Dividend watch: Companies projected to= increase their quarterly dividend payouts include Matson (MATX) to $0.36 from $0.30, Kroger (KR) to $0.24 from $0.21, Darden Restaurants (DRI) to $1.20 from $1.10,= and Saul Centers (BFS) to $= 0.59 from $0.57.
Analysis

FedEx earnings preview: Only about = a week after approving a boardroom reshuffle and a raised dividend, FedEx C= orporation (FDX) is set to re= port its fiscal fourth quarter earnings after Thursday=E2=80=99s market clo= se. The earnings call will be the first to be helmed by newly-named CEO Raj= Subramaniam, who succeeded founder Fred Smith on June 1. While the package= -delivery giant has significantly outperformed the broader market in recent= months, Morgan Stanley recently warned clients that it expects the company= to miss consensus EPS on earnings day. Meanwhile, JPMorgan anticipates a m= odest EPS beat from FDX and FY23 guide that will blanket expectations. Both= firms think FedEx will hold back on issuing long-term targets until the an= alyst day event on June 28.

Accenture earnings preview: Accenture (ACN) will report = earnings on June 23 with analysts forecasting revenue of $16.05B and EPS of= $2.85 will be disclosed. Just in front of the report, Bank of America tipp= ed that guidance from Accenture could be stronger than anticipated. The fir= m expects revenue growth at the upper end of the +22% to +26% constant-curr= ency guidance range. While recession scenarios are front and center with in= vestors, BofA believes ACN's model would be resilient in a modest recession= scenario, as much of ACN's work is noted to involve mission-critical digit= al transformation service offerings like cloud and security services, which= in many cases will likely be treated as largely non-discretionary by enter= prises. While ACN management commented during the FQ2 earnings call that qu= arterly bookings may be lumpy, BofA anticipates a healthy book-to-bill of ~= 1.1X in FQ3.
Events

Corporate events: The Amazon (AMZN) re:MARS event will run from = June 21-24. The global event is focused on machine learning, automation, ro= botics, and space. CRISPR Therapeutics (CRSP) will host an Innovation Day on June 21. The flurry o= f investor events on June 22 include presentations from Modine Manufacturin= g Company (MOD), I= ntercorp Financial Services (IFS), Univar Solutions (UNVR), Cytek Biosciences (CTKB) and Bitfarms Ltd. (BITF). Volkswagen (OTCPK:VLKAF) will also hold it= s annual Capital Markets Day. Genpact (NYSE:G) will host an Investor and Analyst Day event on June 23. Read m= ore about the events next week that could impact shares prices in Seeking Alpha's Catalyst Watch.

Conference schedule: Some of the notable confere= nces to watch for guidance and strategy updates are the Jefferies Consumer = Conference, the BMO Chemicals & Packaging Conference, Wells Fargo Elect= ric Vehicle Mini Conference, and the Cantor Fitzgerald PropTech Conference.=

Data
Data read: The latest report from Niel= sen on food and beverage sales from retail outlets will get a closer look t= han normal amid all the inflation disruption. Beverage companies that have = blazed strong in the last few Nielsen reports include Vita Coco (COCO), Keurig Dr Pepper (NAS= DAQ:KDP), Coca-Cola (KO), Oatly (OTLY), Constellation Brands (STZ), Pepsi (PEP), and Zevia PBC (NYSE:BF.A) is on a recent hot streak, while Pepsi= Co (PEP) and Utz Brands (UTZ) have been posting solid gains in= the salty snacks category. Some of the companies to watch for consumer pus= hback on pricing include Hershey (HSY), Hain Celestial (HAIN), Tyson Foods (TSN), Flower Foods (NYSE:F= LO), Mondelez International (NASDAQ:MDLZ), and Hormel Foods (HRL). Beyond Meat (NASDAQ:BYND) is another name to watch, with shares sometim= es volatile off the Nielsen update.
Outlook

Fashionable things: Coty's (NYSE:COTY) partnership with Kim Kardashian = formally begins on June 21 with the launch of the new Skkn By Kim skincare = collection. The company said Skkn By Kim was born out of Kardashian's dream= to bridge the gap between the world's most renowned dermatological experts= and people at home seeking high-performance skincare. Skkn By Kim will lau= nch through a new U.S. direct-to-consumer website that is being set up to b= e the go-to destination for all new product launches and will also feature = tutorials and special collections. Shares of Coty are down 36% year-to-date= and could use a burst of Kardashian media exposure.

Healthcare sector watch: Bank of America previewed so= me of the major catalysts to watch for in the healthcare sector in the mont= hs ahead. Investors were advised to stay alert on Alnylam Pharmaceuticals (= NASDAQ:ALNY) wit= h its Apollo-B readout due out, Ultragenyx Pharmaceutical (RARE) with Phase 1-2 data on GT= X-120 expected, ACADIA Pharmaceuticals (ACAD) with an FDA action date on ADP set for August 4= , Karuna Therapeutics (K= RTX) with Phase 3 data due on a Emergent-2 trial, Ionis Pharmaceuticals= (IONS) with Phase= 3 data on TTR-LICA due out, and Bausch Health Companies (BHC) with a Zifaxan patent ruling e= xpected in Q3.

Stock split The Fortinet (FTNT) 5-for-1 stock split will become eff= ective on June 23.

Box office preview: Another huge= box office weekend could be in store, with Pixar and Disney's (DIS) Lightyear tracking to open in= the U.S. across more than 4,200 theaters to a $70M to $85M haul over the F= ather's Day weekend. Universal's (CMCSA) Jurassic World Dominion is forecast to bring in another $60= M in its second weekend, while Paramount's (PARA) (PARAA)= Top Gun: Maverick will add to its +$400M U.S. tally. Marcus Entertainment = (NYSE:MCS) is the theate= r stock that has seen the best return over the last six weeks as the box of= fice boom has run up against the stock market selling pressure.
Stocks
Barron's mentions: A scan of valuation= s in the markets steers the publication to traditional asset managers, whic= h are noted to be trading well below historical valuations and offering att= ractive yields. Industry demand is seen growing as the millennial generatio= n saves for retirement. That adds up to strong upside for AllianceBernstein= Holding (NYSE:AB)= , BlackRock (BLK), Invesco (IVZ), and T. Rowe Price Group (TROW). The view is that th= e asset managers have strong balance sheets and dividends that generally lo= ok secure even in a tougher macroeconomic backdrop. In crypto world, the Ba= rron's warning is that the crypto winter could turn into crypto hell. The d= efi platforms in particular are said to look at risk due to the potential f= or cascading failures from a high degree of contagion between the platforms= .

Sources: EDGAR, Bloomberg, CNBC, Reu= ters, The Hollywood Reporter
Seeking Alpha=E2=80=99s Wall Street Breakfast Podcast
Seeking Alpha's Wall Street Breakfast podcast brings you all the news you n= eed 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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