Reply To: Traders Market Weekly: Geopolitics, ECB and Apple


Wednesday – August 31

All day – The MSCI quarterly rebalance will take place after the closing bell. Wells Fargo says to watch for elevated trading volume in newly promoted Carlisle Companies (CSL), Gaming and Leisure Properties (GLPI), and Texas Pacific Land Corporation (TPL) with their promotion to standard from small cap status – meanwhile Carvana (CVNA), Peloton Interactive (PTON), and Upstart Holdings (UPST) will be demoted to small cap status and could see lower volume.

All day – Cenntro Electric Group (CENN) will participate in the Annual Sustainable Fleet Show with top execs on an alternative fuel panel and the company’s vehicles taking part of Ride and Drive events throughout the conference. Shares of Cenntro Electric Group gained edged higher on Wednesday after the EV tech firm announced that its first Logistar 100 electric van has rolled off the production line, with delivery scheduled to begin in Sep 2022.

All day – Bed Bath & Beyond (BBBY) will hold a conference call to provide a business and strategic update.

All day – Gazprom (OTCPK:OGZPY) will begin three days of maintenance at the Portovaya compressor station for the Nord Stream 1 pipeline that links Russia and Germany via the Baltic Sea. Russia’s Gazprom has claimed faulty or delayed equipment as the main reason for a reduction of deliveries via Nord Stream.

9:00 a.m. Cleveland Federal Reserve Bank President Loretta Mester will speak on the economic outlook and monetary policy before the Dayton Area Chamber of Commerce Government Affairs Breakfast Series.

9:00 a.m. Allstate Corporation (ALL) will host a conference call focusing on Allstate’s investments strategy and operational topics.

Postmarket – Stocks due to report earnings with double-digit share price moves implied by options trading include Samsara (IOT), C3.Ai (AI), Credo Technology (CRDO), and Okta (OKTA). Of the four, Credo had the biggest move off its last earnings report with a 26% jump.