Catalyst Watch: Tech blitz with Apple, Amazon, Microsoft, and Meta on tap for earnings

Welcome to Seeking Alpha’s Catalyst Watch – a breakdown of some of next week’s actionable events that stand out. Check out Seeking Alpha’s earnings calendar for a full list of companies due to report.

Monday – July 29

• Volatility watch – Options trading volume is elevated on Container Store (TCS) and Allbirds (BIRD) ahead of their earnings reports. The most overbought stocks per their 14-day relative strength index include Serve Robotics (SERV), Frequency Electronics (FEIM), and Regencell (RGC). The most oversold stocks per their 14-day Relative Strength Index include Above Food Ingredients (ABVE), HilleVax (HLVX), and CrowdStrike (CRWD). Short interest has moved higher on Nuwellis (NUWE) and Zapp Electric Vehicles (ZAPP).
• Earnings watch – Notable companies due to report include McDonald’s (MCD), ON Semiconductor (ON), and Welltower (WELL).
• All day – Nvidia (NVDA) CEO Jensen Huang and Meta Platforms (META) CEO Mark Zuckerberg will give keynote addresses at the SIGGRAPH Conference in Denver. Huang and Mark Zuckerberg will discuss how fundamental research is enabling AI breakthroughs, and how generative AI and open source will empower developers and creators. They will also discuss the role of generative AI in building virtual worlds and virtual worlds for building the next wave of AI and robots.
• All day – Alector (ALEC) will present data on pipeline focus areas at the Alzheimer’s Association International Conference.
• All day – Meta Data Limited (AIU) will begin trading on a split-adjusted basis following the company’s 1-for-10 reverse stock split.
• 8:30 a.m. McDonald’s (MCD) will hold its earning conference call. The company’s update on plans for its $5 Meal Deal promotion could have implications across the restaurant sector.

Tuesday – July 30

• Earnings watch – Notable companies due to report include Microsoft (MSFT), Procter & Gamble (PG), Merck (MRK), Advanced Micro Devices (AMD), Pfizer (PFE), Starbucks (SBUX), and S&P Global (SPGI). Options trading implies a double-digit share price swing for Hawaiian Holdings (HA) and Lemonade (LMND) after their reports are released.
• All day – Vista Outdoor (VSTO) will hold a special shareholder meeting to vote on the CSG transaction.
• All day – Concord Medical Services (CCM) will begin trading on a split-adjusted basis following the company’s 1-for-30 stock split.
• 12:00 p.m. The IPO lockup period for blocks of shares of Amer Sports (AS) expires. The stock trades below its IPO pricing level of $13 per share.
• 4:30 p.m. Hawaiian Holdings (HA) will hold its earnings call. Traders will be watching for an update on the planned merger with Alaska Air (ALK). The Department of Justice has to weigh in on the airline merger before August 5.

Wednesday – July 31

• Earnings watch – Notable companies due to report Meta Platforms (META), Mastercard (MA), Qualcomm (QCOM), Western Digital Corporation (WDC), Arm Holdings (ARM), Boeing (BA), eBay (EBAY), Altria (MO), Marriott International (MAR). Options trading implies a double-digit share price swing for Sleep Number (SNBR) and Etsy (ETSY) after their reports are released.
• 10:30 a.m. Boeing (BA) will hold its earnings conference call. Shares of Boeing have been active during the last few conference calls as Boeing management fielded questions.
• 1:00 p.m. Adobe (ADBE) will hold a virtual fireside chat with RBC Capital Markets.
• 2:00 p.m. The Federal Reserve will make a statement on its interest rate policy.
• 2:30 p.m. Federal Reserve Chairman Jerome Powell will hold a press conference.
• 4:00 p.m. Dell Technologies (DELL) will hold a conference call to discuss its corporate sustainability strategy.

Thursday – August 1

• Earnings watch – Notable companies due to report include Amazon (AMZN), Apple (AAPL), Intel (INTC), Block (SQ), DoorDash (DASH), Cigna (CI), ConocoPhillips (COP), Anheuser-Busch InBev (BUD), Roblox (RBLX), and DraftKings (DKNG). Options trading implies a double-digit share price swing for Wayfair (W) and Twilio (TWLO) after their earnings reports are released.
• Data watch – Chinese electric vehicle makers NIO (NIO), Li Auto (LI), and XPeng (XPEV) will update on monthly deliveries.
• Energy watch – OPEC+ ministers will hold an online meeting. Most analysts anticipate very little drama, although there is an outside chance that the committee could announce a delay to the planned supply hike of October 1.
• All day – Notable investor events include annual meetings for Electronic Arts (EA) and Ralph Lauren (RL).
• All day – Flight attendants at United Airlines (UAL) will begin to vote on a strike authorization proposal. The vote will be the first time since the 2005 bankruptcy negotiations that flight attendants at the airline will vote on a potential walkout.
• All day – Seaport Entertainment Group will begin trading after being spun off from Howard Hughes (HHH). The purpose of the separation is to allow Howard Hughes to focus on building master-planned communities, while Seaport Entertainment will focus on hospitality projects such as the Las Vegas Aviators baseball team, its 25% stake in Jean-Georges Restaurants, and the 80% ownership interest in the air rights above Fashion Show mall on the Las Vegas Strip.
• 8:00 a.m. The Bank of England will announce its interest rate decision.
• 8:30 a.m. The July Durable Goods Order report will be released.

Friday – August 2

• Earnings watch – Notable companies due to report include Church & Dwight (CHD), Chevron (CVX), and Exxon Mobil (XOM).
• 8:30 a.m. The July U.S. jobs report will be released. Economists forecast 185K jobs will be added to the U.S. economy during the month and for the unemployment rate to hold steady at 4.1%.

Seeking Alpha Editor Josh Fineman contributed to this story.