Reply To: Traders Market Weekly: Markets Rupture with Soaring yields and Fund Outflows

#44436
Truman
Participant

Thursday – September 29

All day – Brookfield listed affiliates (BBU) (BEP) (BEPC) (BIP) (BIPC) will hold separate investor day events. Other companies scheduled to hold investor day events include Vulcan Materials (VMC), Westaim Corp. (OTCPK:WEDXF), Park Lawn Corporation (OTCPK:PRRWF), and Intuit (INTU).

All day – Watch Amylyx Pharmaceuticals (AMLX) with the FDA extended the review timeline of the New Drug Application for AMX0035 and taurursodiol expiring. The FDA extended the PDUFA date to allow more time to review additional analyses of data from the company’s clinical studies. Shares of Amylyx Pharmaceuticals have rallied in the past off AMX0035 developments.

8:15 a.m. Bed Bath & Beyond (BBBY) will be in focus as it holds its post-earnings conference call. Investors will be lasered in to see if BBBY management discusses the need for an additional capital raise. Also look for a key updates on expectations for the holiday season with a high level of inventory in the retail industry. Options trading on BBBY is implying a 20% share price move after the report drops. Bed, Bath & Beyond fell 24% the last time it reported earnings.

4:15 p.m. Nike (NKE) will report earnings and hold its conference call with top execs. Options trading is implying a move of 8% after earnings are released. Skechers (SKX) and Under Armour (UAA) are the two footwears stocks that have the highest trading correlation with Nike around earnings day.