Happy Saturday
I hope you are having a great weekend. We have a huge week ahead for earnings and we also have the Fed so there won't be any shortage of potential catalysts. The equities markets have been grinding higher and this week could be a big week in determining whether the trend continues higher or if we have already priced in a lot of anticipated good news. If its the latter turns out to be the case we could see a pause or even the beginnings of some type of correction. How deep or how intense would be anyones guess but the possibility does exist so its worth noting. The breadth of the earnings will cover a wide range of sectors with everything from airlines, robotics, biotech, social media, telecom and energy just to name a few. There are a ton of great looking technical setups out there it will be interesting to see if that is still the case by the end of next week.
Here is this weeks stocks to watch video.
Stocks covered
$TRMB $YEXT $CIEN $DRNA $VRAY $TEAR $RMBS $T $AMD $AKS $JBLU $FCX $HLX $PLUG $WLL $IMGN $DHI $CLF $WFT
$MGM $BMY
July 24th -28th Stocks to watch 2017 from Alpha Wolf Trading on Vimeo.
*Besides earnings other events and stocks to watch *
Fed watch: The Fed Open Market Committee meets Tuesday and Wednesday, July 25 and 26, and will produce a monetary policy statement at 2 p.m. on July 26.
Expected IPO pricings: RBB Bancorp (NASDAQ:RBB) on July 26; ZK International Group (ZKIN) on July 27; Sienna Biopharmaceuticals (Pending:SNNA) on July 27; Industrea Acquisition Corp. (NASDAQ:INDUU) on July 27; Redfin (Pending:RDFN) on July 28.
IPO quiet period expirations: Athenex (NASDAQ:ATNX) on July 24; Adomani (NASDAQ:ADOM) on July 25; Boston Omaha (OTCQX:BOMN) on July 26.
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Lockup expirations**: Anaptysbio (NASDAQ:ANAB) on July 25; Obseva (Pending:OBSV) on July 25; Jagged Peak Energy (NYSE:JAG) on July 26; Jeld-Wen Holding (NYSE:JELD) on July 26; Jounce Therapeutics (NASDAQ:JNCE) on July 26; Rev Group (NYSE:REVG) on July 26.
Notable annual meetings: IMPAC Mortgage Holdings (NYSEMKT:IMH) on July 25; Legg Mason (NYSE:LM) on July 25; Greenhill & Co. (NYSE:GHL) on July 26; MGIC Investment (NYSE:MTG) on July 26; McKesson (NYSE:MCK) on July 26; Riverview Bancorp (NASDAQ:RVSB) on July 26; Apptio (NASDAQ:APTI) on July 27; EXACT Sciences (NASDAQ:EXAS) July 27; CalAmp (NASDAQ:CAMP) on July 28; Cirrus Logic (NASDAQ:CRUS) on July 28.
Special shareholder meetings: Harmony Merger (HRMNU) is holding extraordinary general meeting July 24; Tembec (OTCPK:TMBCF) shareholders vote on deal with Rayonier Advanced (NYSE:RYAM) July 27; HCSB (OTCQB:HCFB) holds extraordinary general meeting July 27; Dynavax (NASDAQ:DVAX) has extraordinary meeting July 27; FB Financial (NYSE:FBK) holds extraordinary meeting July 28; Xactly (NYSE:XTLY) special shareholder meeting on July 28.
FDA/drug development watch: Novavax (NASDAQ:NVAX) holds a call on RSV F Phase 2 results July 24; Gilead (NASDAQ:GILD) is presenting Phase 3 data of bictegravir in HIV at the International AIDS Society conference in Paris July 24; Merck (NYSE:MRK) is presenting Phase 3 "Drive-Ahead" HIB data of doravirine with lamivudine and tenofovir disoproxil fumarate at IAS Conference July 25; Novo Nordisk (NYSE:NVO) has FDA review decision on Tresiba sNDA for label update with “Devote” data July 27.
Barron's mentions: Flex (NASDAQ:FLEX) could rise 25% in a year. Sarepta Therapeutics (NASDAQ:SRPT) sales are ramping up. Leucadia National (NYSE:LUK) seems ready to prosper five years after announcing a merger with Jefferies.
Sources: EDGAR and Bloomberg , Seeking Alpha
Enjoy the rest of your weekend
