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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 - March 27
- Volatility watch - — Luminar Technologies (LAZR) and Faraday Future Intelligent Electric (FFIE) head into the week with a high percentage of short interest outstanding. Options trading has spiked over the last week again on First Republic Bank (FRC) and Silvergate Capital (SI). Keep an eye on Virgin Orbit (VORB) with a rescue deal said to be imminent and Deutsche Bank (DB) with weekend drama possible.
- Earnings watch - Notable companies due to report include Carnival (CCL) and PVH (PVH). Citi has Carnival listed as one of its Catalyst Call Buy ideas on the expectation for a post-earnings rally.
- Healthcare watch - Pharming Group N.V. (PHAR) has an FDA action date on Leniolisib on March 29. Emergent BioSolutions (EBS) has a Prescription Drug User Fee Act goal date of March 29. Emergent was the first company to submit a supplemental New Drug Application for OTC and received Priority Review by the FDA. If approved, NARCAN would be the first 4 mg naloxone nasal spray available OTC in the U.S. Cognition Therapeutics (CGTX) will present Phase 2 biomarker data on CT1812 for Mild-to-Moderate Alzheimer's Disease at the AD/PD conference. BioMarin's (BMRN) Biologics License Application for Roctavian is currently under review by the U.S. Food and Drug Administration with a PDUFA target action date of March 31
- All day - International Game Technology (IGT) and Everi Holdings (EVRI) will be two of the more notable companies to showcase new technology at the Indian Gaming Tradeshow & Convention in San Diego.
Tuesday - March 28
- Earnings watch - Notable companies due to report include Lululemon (LULU), McCormick (MKC), Walgreens Boots Alliance (WBA), Micron (MU), and Dave & Buster's Entertainment (PLAY). Options trading implies a 30% swing up or down for Better Choice (BTTR) after it reports.
- All day - The eVTOL sector will be in the spotlight with the Jefferies EVOTL Summit running. Companies presenting include Blade Air Mobility (BLDE), Vertical Aerospace (EVTL), EHang Holdings (EH), Amprius Technologies (AMPX), Archer Aviation (ACHR), and Joby Aviation (JOBY).
- All day - Vail Resorts (MTN) will hold an investor conference. The event is being circled by analysts as a potential catalyst with recent ski visitor data trending strong and snowfall still high across most of Vail's resorts.
- 10:00 a.m. The Senate Banking Committee will hold a hearing on bank failures. Witnesses will include FDIC Chairman Martin Gruenberg, Federal Reserve Vice Chairman Michael Barr, and Treasury Undersecretary Nellie Liang.
Wednesday - March 29
- Earnings watch - Notable companies due to report include Cintas (CTAS), Paychex (PAYX), RH (RH), and EVO Payments (EVOP). Options trading implies 18% move for Bluebird Bio (BLUE).
- Data watch - The latest videogame market data is expected to be released by Circana. The Nevada Gaming Control Board is due to release casino gaming win data for the month of February.
- All day - Enterprise Products Partners L.P. (EPD) will hold an analyst meeting
- All day - Domo (DOMO) will hold its Domopalooza event. Shares of Domo rallied last year after the event attracted investor and analyst interest.
- All day - VMware (VMW) and Broadcom (AVGO) could see a jolt with the UK's Competition and Markets Authority Phase 1 remedy due. Broadcom said it is working constructively with the CMA, but the final determination is unclear.
- 9:00 a.m. Clean Harbors (CLH) will hold its annual Investor Day event.
- 11:00 a.m. GSK plc (GSK) CEO Emma Walmsley will appear at the CNBC Healthy Returns Summit to discuss how the global biopharma giant plans to protect its desired RSV vax turf, replenish its drug portfolio, future R&D spend, and the 2023 runway for growth.
- 11:30 p.m. Intel Corporation (INTC) will hold an investor webinar to provide an update on the company’s Data Center and AI business. The tech giant also plans to review its data center product roadmap.
- 12:00 p.m. The National Retail Federation will host the annual State of Retail & the Consumer update. The event will include comments from Old Navy (GPS) CEO Haio Barbeito and Rent the Runway (RENT) COO Anushka Salinas. The NRF will also issue its annual retail sales forecast that could reset expectations for the sector.
- 3:30 p.m. Dell Technologies (DELL) CEO Michael Dell will appear on the Bank of America Top CEO Call Series.
Thursday - March 30
- Earnings watch - Notable companies due to report include EVgo (EVGO), BlackBerry (BB), Rumble (RUM) and Duck Creek Technologies (DCT) - options trading implies double-digit moves for Skillz (SKLZ), Canoo (GOEV)
- All day The Maxim Group Electric Vehicle & Auto Tech Conference will feature appearances by Ideal Power (IPWR), Aqua Metals (AQMS), Phoenix Motor (PEV), Data I/O (DAIO), and Flux Power (FLUX).
- 9:00 a.m. Rogers Corporation (ROG) will host an Investor and Analyst Day at the New York Stock Exchange in New York City. The event will feature presentations from members of the senior leadership team, who will share the company's strategic vision, growth and profitability objectives, and multi-year financial targets.
- 11:00 a.m. Agilon Health, inc. (AGL) will host its 2023 Investor Day in New York City. The executive leadership team will give presentations and answer questions about the company’s long-term strategic priorities, patient and physician impact, growth drivers, and financial outlook.
- 11:00 a.m. Conduent Incorporated (CNDT) will host a virtual Investor Briefing.
- 12:45 p.m. Federal Reserve Bank Richmond President Barkin will speak at the Virginia Council of CEOs event.
Friday - March 31
- All day - It is the last trading day before Tesla (TSLA) releases its Q1 deliveries report. Shares of Tesla have dropped more times than they have gained in the last three years immediately following the quarterly deliveries update.
- All day - The termination date will arrive for the Rogers Communications (RCI)-Shaw Communications (SJR) merger.
- 8:30 a.m. The closely-watched U.S. Personal Consumption Expenditure Index will be released. Economists expect a 4.7% year-over-year rise in the core PCE number for February and a 0.4% month-over-month increase vs. +0.6% for the prior month.
- 8:30 a.m. Watch for news about the upcoming OPEC+ meeting. The current expectation is that OPEC will stick to its deal on output cuts of 2M barrels per day.
- 3:00 p.m. Federal Reserve Bank New York President John Williams will speak at Housatonic Community College.
- 5:45 p.m. Federal Reserve Governor Lisa Cook will give a speech titled "The U.S. Economic Outlook and Monetary Policy."