Catalyst Watch: Eyes on Walmart earnings, the July CPI print, and 13F filings

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 – August 12

• Volatility watch – Options trading volume is elevated on Black Diamond Therapeutics (BDTX) and Trump Media & Technology (DJT). The most overbought stocks per their 14-day relative strength index include Investcorp India Acquisition (IVCA), G1 Therapeutics (GTHX), and Kellanova (K). The most oversold stocks per their 14-day Relative Strength Index include Pinterest (PINS), Snap (SNAP), and ODP Corp. (ODP). Short interest has moved higher on Spirit Airlines (SAVE) and Cassava Sciences (SAVE).
• Earnings watch – Notable companies due to report include Barrick Gold (GOLD), Monday.com (MNDY), and Rumble (RUM).
• FDA watch – The FDA action dates arrive during the week for Citius Pharmaceutical’s (CTXR) Lymphir and CymaBay Therapeutics’ seladelpar.
• All day – OPEC will release its monthly oil report.
• All day – Progyny (PGNY) will host the first Investor Day event in the company’s history.
• All day – Verizon (VZ), C3.AI (AI), Coinbase Global (COIN), and Cirrus Logic (CRUS) are some of the companies participating at the two-day Oppenheimer Technology, Internet & Communications Conference.
• All day – MSCI Inc. (MSCI) will announce the results of the August 2024 Index Review for the MSCI Equity Indexes. All changes will be made as of the close of August 30.
• 2:00 p.m. The three-day Ai4 Conference will begin. Chegg (CHGG), Amazon (AMZN), Wells Fargo (WFC), Medtronic (MDT), and Dick’s Sporting Goods (DKS) are some of the companies participating in the conference that covers AI and machine learning innovation in business.

Tuesday – August 13

• Earnings watch – Notable companies due to report include Home Depot (HD), Tencent Music (TME), and On Holding (ONON). Options trading implies a double-digit share price swing for Cipher Mining (CIFR) and Oklo (OKLO).
• All day – Google (GOOG) (GOOGL) will hold its annual Pixel hardware event at the company’s headquarters in Mountain View, California. The company is expected to show off the Pixel 9 and a Pixel 9 Pro Fold.
• All day – Illumina (ILMN) will present a strategy update. The event will feature presentations by members of Illumina’s executive team and conclude with a Q&A session.
• All day – Super Micro Computer (SMCI) will begin its highly anticipated Fourth Annual Open Storage Summit. The three-week summit includes a roundtable keynote session, followed by five focus sessions that showcase influential guests from companies such as Intel (INTC), AMD (AMD), NVIDIA (NVDA), Micron (MU), Samsung (OTCPK:SSNLF), and Japanese chipmaker Kioxia.
• All day – IEA will release its monthly oil report.
• All day – ARS Pharmaceuticals (SPRY), Astria Therapeutics (ATXS), and Compass Therapeutics (CMPX) are some of the companies participating at the two-day Wedbush PacGrow Healthcare Conference.
• All day – Electronic Arts (EA) will release Madden NFL 25. The highly anticipated game will be available on PlayStation 4, PlayStation 5, Xbox One, Xbox Series X/S, and PCs.
• 8:30 a.m. The July Producer Price Index report will be released.
• 10:00 a.m. The Cass Freight Index will be released.
• 4:30 p.m. Flutter Entertainment (FLUT) will hold its earnings conference call. Management is likely to be asked if FanDuel plans to match DraftKings (DKNG) with a surcharge in high tax rates.

Wednesday – August 14

• Earnings watch – Notable companies due to report include UBS Group (UBS), Cardinal Health (CAH), Brinker International (EAT), and Cisco (CSCO).
• All day – It is the deadline for 13F filings for institutional investment managers to reveal their positions as of June 30. The Bitcoin ETF holdings of hedge funds and portfolio managers will be of high interest. Investors may also be watching to see if hedge funds made any significant moves with the Magnificent Seven group of Apple (AAPL), Amazon (AMZN), Alphabet (GOOGL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA).
• 8:30 a.m. The July Consumer Price Index Report will be released.

Thursday – August 15

• Earnings watch – Notable companies due to report include Walmart (WMT), Alibaba (BABA), Applied Materials (AMAT), Deere (DE), JD.com (JD), and Tapestry (TPR). Options trading implies a double-digit share price swing for Despegar.com (DESP) after its report is released.
• All day – Notable investor events include IDEXX Laboratories’ (IDXX) Investor Day.
• All day – The Department of Justice timing agreement on the Hawaiian Holdings (HA)-Alaska Air Group (ALK) deal expires.
• All day – US Steel (X) will enter arbitration with the United Steelworkers union.
• 8:30 a.m. The July Retail Sales Report will be released.
• 9:10 a.m. St. Louis Federal Reserve Bank President Alberto Musalem will speak on the U.S. economy and monetary policy before the Greater Louisville Inc. Regional Economic Development Update.

Friday – August 16

• All day – Genius Group (GNS) will begin trading on a split-adjusted basis following the company’s 1-for-10 stock split.
• All day – The go-shop period ends on the Darden Restaurants (DRI) offer for Chuy’s Holdings (CHUY). Shares of Chuy’s traded 1.1% below the deal price at the time of publication.
• 10:00 a.m. The initial University of Michigan Consumer Sentiment report for August will be released.
• 1:25 p.m. Chicago Federal Reserve Bank President Austan Goolsbee will participate in a fireside chat before the Angeles Investors’ Q3 Summit and Awards Event.

Seeking Alpha Editor Josh Fineman contributed to this story.