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

#43121
Truman
Participant

Thursday – September 8

All day – Oral arguments are scheduled in the Department of Justice’s lawsuit to block UnitedHealth’s (UNH) planned purchase of Change Healthcare (CHNG) in October.

All day – The IPO lockup period expires on a certain block of Bausch + Lomb (BLCO) shares for early investors.

7:15 a.m. The European Central Bank will release a policy decision statement. The ECB decision has more drama than normal with economists not in full agreement if the rate hike will be 50 basis points or 75 basis points.

9:00 a.m. Moderna (MRNA) will host its virtual R&D Day with presentations from top execs and clinical team leaders. Looking to the future, Bank of America thinks Moderna’s nucleic acid expertise could be the key for the company to generate the highest returns long-term for investors.

9:00 a.m. Clear Channel Outdoor Holdings (CCO) will hold an investor day event.

9:00 a.m. Procter & Gamble (PG) will present at the Barclays Consumer Staples Conference.

9:10 a.m. Federal Reserve Board Chairman Jerome Powell will appear for a talk at the Cato Institute Annual Monetary Conference. It is a light week of FOMC speakers which may increase the focus on the Powell appearance.

10:30 a.m. Coca-Cola Company (KO) CEO James Quincey will present at the Barclays Global Consumer Staples Conference.

11:00 a.m. Shareholders with Hemisphere Media Group (HMTV) will vote on the acquisition offer from Searchlight Capital.

1:00 p.m. D.R. Horton (DHI) will hold an investor day event with the theme “Where Tech Connects.” The company plans to update on its sales growth strategy, as well as the financial model and outlook.

Friday – September 9

All day – Tapestry (TPR) will host an Investor Day event with a focus on the company’s long-term strategic initiatives and financial outlook.

8:00 a.m. Nike (NKE) will hold its annual shareholder meeting. The items up for a vote include the normal executive pay package proposal and a more controversial proposal to pause sourcing of cotton and other raw materials from China until the U.S. government Business Advisory on forced labor in Uyghur Region is lifted or rescinded. Nike’s (NKE) board has advised shareholders to vote against the proposal, noting that it does not directly source cotton or raw material.