Reply To: Traders Market Weekly: Bull or Bear Trap Ahead of the Fed?

#46256
Truman
Participant

Monday – October 24

SPAC watch – It may be a busy week for SPAC deals with votes scheduled for the Avista Public Acquisition Corp. II (AHPA) deal to take antibody discovery business OmniAb public, Provident Acquisition’s (PAQC) deal to take beauty tech firm Perfect Corp. public, Endurance Acquisition’s (EDNC) deal to take satellite chip company SatixFy public, and Mana Capital Acquisition’s (MAAQ) deal to take biotech firm Cardio Diagnostics public. The SPACs could start trading by the end of the week if the votes are not delayed.

All week – The Nevada Gaming Control Board is due to report gaming win tallies for September. Analysts will be looking for more confirmation that Strip operators MGM Resorts (MGM) and Caesars Entertainment (CZR) are tracking strong despite the macroeconomic backdrop.

All day – Caterpillar (CAT) will display four electric machine prototypes at a trade show in Munich, Germany. Some analysts have the event circled as a potential share price catalyst just ahead of CAT’s earnings.

11:30 a.m. SRAX (SRAX) will provide a business update that includes an update on the current fillings and a Q&A session

11:30 a.m. Accuray Incorporated (ARAY) will host a key opinion leader discussion with analysts and investors in conjunction with the American Society of Radiation Oncology Annual Meeting.