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

#43120
Truman
Participant

Wednesday – September 7

All day – Cohn Robbins Holdings Corp (CRHC) will hold an extraordinary meeting to vote on the deal to combine with Allwyn Entertainment AG. The Gary Cohn-led firm has a backstop agreement with PPF Group to help acquire the lottery, entertainment, and digital gaming operator.

9:45 a.m. HubSpot (HUBS) will hold its analyst day event with a full day’s worth of talks from top management. Shares of HubSpot have rallied in the past following its analyst day event.

9:45 a.m. Shopify (SHOP) CFO Amy Shapiro will take part in a fireside chat at the Citi Global Technology Conference. Shares of Shopify (SHOP) have been active in the past during similar conference appearances.

12:00 p.m. Trimble (TRMB) will provide in-depth overview of the company’s Connect & Scale strategy and related business and financial objectives.

1:00 p.m Apple (AAPL) will hold its annual big September event during which the new iPhone 14 lineup is expected to be revealed. Product news on Apple Watches and the new AirPods Pro is also anticipated. Over the last five years, shares of Apple have been a slight outperformer compared to the broad market in the week before its products events, but have gently underperformed tech benchmarks on average for the week after the event.
2:00 p.m The Federal Reserve will release the Beige Book update.

4:30 p.m Erasca (ERAS) will host a research and development day with a focus on the company’s ERAS-007 ERK1/2 inhibitor and ERAS-601 SHP2 inhibitor in advanced solid tumors. Shares of Erasca have rallied in the past after ERAS-007 data was released.

Postmarket – GameStop (GME) will report earnings with options trading implying a swing up or down of 16%. Shares of GameStop rose 10% the last time the retailer spilled numbers.

Another stock with an elevated level of short interest, Academy Sports And Outdoors (ASO), will also report earnings. Options trading is implying a 9% swing for ASO after the report drops.