Catalyst Watch: Nvidia’s blockbuster earnings, CrowdStrike on the hot seat, and PCE inflation watch

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 26

• Volatility watch – Options trading volume is elevated on Sana Biotechnology (SANA) and Clover Health Investments (CLOV). The most overbought stocks per their 14-day relative strength index include BAIYU Holdings Inc (BYU), Nutex Health (NUTX), and U-BX Technology (UBXG). The most oversold stocks per their 14-day Relative Strength Index include Verrica Pharma (VRCA), Tela Bio (TELA), and Westrock Coffee (WEST). Short interest has moved higher on Longeveron (LGVN) and Lucid Group (LCID). Trump Media & Technology Group (DJT) will be watched closely, with Donald Trump less than a month away from being able to sell part of his 60% stake in the company. The stock is down 40% over the last six months.
• Earnings watch – Notable companies due to report include BHP Group (BHP), Heico (HEI), and Trip.com (TCOM).
• All day – The three-day VMWare Explore event will begin in Las Vegas. Broadcom (AVGO) CEO Hock Tan will address VMware Explore attendees during the general session keynote titled “Shaping the Future of Cloud and AI Innovation.” The event has been used to announce strategic partnerships in the past.
• All day – The Nasdaq short interest report will be released.
• 8:30 a.m. The July Durable Goods Order report will be released.

Tuesday – August 27

• Earnings watch – Notable companies due to report include Bank of Montreal (BMO), Bank of Novia Scotia (BNS), PVH (PVH), and Box (BOX). Options trading implies a double-digit share price swing for Workhorse Group (WKHS) after the release of its delayed earnings report.
• All day – Littelfuse (LFUS), Nova (NVMI), MaxLinear (MXL), and Diodes (DIOD) are some of the companies that will participate in the Evercore ISI Semiconductor, IT Hardware & Networking Conference.

Wednesday – August 28

• Earnings watch – Notable companies due to report include Nvidia (NVDA), Salesforce (CRM), Royal Bank of Canada (RY), Crowdstrike (CRWD), HP (HPQ), Okta (OKTA), J.M. Smucker (SJM), Foot Locker (FL), and Pure Storage (PSTG). Options trading implies a double-digit share price swing for Affirm (AFRM) and Chewy (CHWY) after their reports are released.
• All day – The HSR review period by the Federal Trade Commission for Boeing’s (BA) acquisition of Spirit AeroSystems (SPR) is set to expire.
• All day – Super Micro Computer (SMCI), AMD (AMD), Micron (MU), Microsoft (MSFT), Expedia (EXPE), Mastercard (MA), and Visa (V) are some of the companies that will participate in the two-day Deutsche Bank Technology Conference.
• 5:00 p.m. CrowdStrike (CRWD) will host a conference call to discuss its financial results. Analysts expect more details from CrowdStrike management about the impact of the faulty software update that caused global outages.
• 5:00 p.m. Nvidia (NVDA) will hold its earnings conference call. Options trading implies an 8% share price move after the report. Shares rallied 9% the day after the last earnings report. The stocks with the highest trading correlation to Nvidia (NVDA) on earnings day include Taiwan Semiconductor Manufacturing (TSM), Micron (MU), and ASE Technology (ASX). Supplier Fabrinet (FN) also frequently moves in tandem with Nvidia (NVDA) on earnings day. Tesla (TSLA) was mentioned during Nvidia’s (NVDA) Q1 earnings call as a significant Blackwell time-to-market customer.

Thursday – August 29

• Earnings watch – Notable companies due to report include Dell Technologies (DELL), Marvell Technology (MRVL), Autodesk (ADSK), Dollar General (DG), Best Buy (BBY), Gap (GAP), Ulta Beauty (ULTA), and Lululemon (LULU). Options trading implies a large share price swing for Domo (DOMO) and MongoDB (MDB) after their reports are released.
• All day – Shareholders with Marathon Oil Corporation (MRO) will vote on the planned merger with ConocoPhillips (COP). The merger is part of a broader consolidation trend in the oil and gas industry aimed at achieving greater efficiencies and economies of scale.
• 1:30 p.m. Sherwin-Williams Company (SHW) will hold its Financial Community Presentation in Boston, Massachusetts.

Friday – August 30

• All day – Additions and deletions to the MSCI equity indexes will be made at the close of the market. Flutter Entertainment (FLUT), Embraer (ERJ), Ibotta (IBTA), and Reddit (RDDT) are notable companies being added to various MSCI indexes.
• All day – The HSR review period by the Federal Trade Commission for Darden Restaurants’ (DRI) acquisition of Chuy’s Holdings (CHUY) is set to expire.
• 8:30 a.m. The core PCE price index report for July will be released. The Fed’s favored inflation gauge was up 2.6% year-over-year in both May and June.
• 10:00 a.m. The Michigan Consumer Sentiment report will be released.

Seeking Alpha Editor Josh Fineman contributed to this story.