Analysis
Welcome to the Next Week in the US Stock Market program. We are the VM Genius team, and in this episode we'll walk you through the key events worth watching next week, such as: the Farnborough Air Show, Tesla earnings, the AMD AI event, and the Samsung product launch.
Volatility Watch: Options volatility has ticked higher over the past week for Sandisk (SNDK) and Western Digital (WDC). The most overbought stocks, based on the 14-day Relative Strength Index (RSI), include Crinetics Pharma (CRNX), AstroNova (ALOT), and CareDx (CDNA). The most oversold stocks, based on the 14-day RSI, include Standard Lithium (SLI) and Rithm Property Trust (RPT).
Dividend Watch: Companies going ex-dividend next week include Caterpillar (CAT), Colgate-Palmolive (CL), Dell Technologies (DELL), and Pfizer (PFE).
IPO Watch: No new IPOs are expected to price and start trading this week. The quiet periods for DPC Holdings (DPC), Sinda (SIND), and DSC Holdings (DSC) expire.
Earnings Watch: Notable companies scheduled to report earnings include Domino's (DPZ), AMC Entertainment (AMC), and Crown Holdings (CCK).
Fed Speak: Federal Reserve members will enter a quiet period ahead of the July 28-29 FOMC meeting.
All Day: The biennial Farnborough Air Show takes place at Farnborough Airport in the United Kingdom. At this aerospace and defense trade show, global industry leaders typically announce a flurry of aircraft orders, showcase new technologies, and conduct flight displays. Notable companies expected to generate market attention include Boeing (BA), Embraer (EMBJ), Airbus (EADSF), Archer Aviation (ACHR), Textron (TXT), Bombardier, Vertical Aerospace (EVTL), Northrop Grumman (NOC), TTM Technologies (TTMI), Eve Holding (EVEX), and Siemens (SIEGY).
All Day: Labour Party member Andy Burnham will officially assume office as the new Prime Minister of the United Kingdom.
Earnings Watch: Notable companies scheduled to report earnings include Charles Schwab (SCHW), Danaher (DHR), General Motors (GM), and Capital One (COF). Options trading data suggests that Alaska Air (ALK) could see a double-digit percentage share price move following its earnings release.
All Day: The August WTI crude oil futures contract expires today, against a backdrop of ongoing volatility in the oil market.
All Day: The acquisition of National Storage Affiliates Trust (NSA) by Public Storage (PSA) will close.
1:00 PM: The National Retail Federation will hold a "Back-to-School Spending Trends" webinar, providing an in-depth look at the latest consumer data on back-to-class spending, shopping behavior, and household spending priorities.
Earnings Watch: Notable companies scheduled to report earnings include Alphabet (GOOG) (GOOGL), Tesla (TSLA), Philip Morris International (PM), Texas Instruments (TXN), IBM (IBM), AT&T (T), ServiceNow (NOW), and Kinder Morgan (KMI). Options trading data suggests that Oatly (OTLY) and QuantumScape (QS) could see double-digit percentage share price moves following their earnings releases.
M&A Votes: Shareholders of Avanos Medical (AVNS) will vote on the $1.27 billion acquisition offer from American Industrial Partners. Shareholders of both Organon (OGN) and Sun Pharmaceutical Industries will vote on the proposed merger.
All Day: AMD (AMD) will hold its "AMD Advancing AI" event in San Francisco, with CEO Dr. Lisa Su speaking as one of the key presenters.
All Day: Constellation Brands (STZ) will hold its annual shareholder meeting. The most sensitive item on the agenda is likely the vote on the long-term equity incentive plan.
All Day: Circana will release its latest report on US video game sales, covering data for the period from May 31 to July 4.
All Day: Samsung (SSNLF) will hold its Galaxy Unpacked launch event in London on July 22. The headline products are expected to be the Galaxy Z Fold 8, Galaxy Z Flip 8, a new Galaxy Watch, and a possible first tease of Samsung's smart glasses. The company's event invitation strongly hints at a design-focused launch.
Earnings Watch: Notable companies scheduled to report earnings include Intel (INTC), T-Mobile (TMUS), Union Pacific (UNP), Lockheed Martin (LMT), and Comcast (CMCSA). Options trading data suggests that Mobileye Global (MBLY) and Appfolio (APPF) could see double-digit percentage share price moves following their earnings releases.
All Day: The four-day San Diego Comic-Con kicks off. Major media giants such as Apple (AAPL), Disney's (DIS) Marvel, and Warner Bros. Discovery (WBD) will showcase their latest series and star lineups.
8:15 AM: The European Central Bank (ECB) will announce its monetary policy statement, followed by a press conference with ECB officials.
Earnings Watch: Notable companies scheduled to report earnings include American Express (AXP), Verizon (VZ), and Charter (CHTR).
All Day: The temporary US 10% global import tariff is set to expire unless Congress extends it.
All Day: The flash global composite Purchasing Managers' Index (PMI) reports will be a focal point for economists.
All Day: The hostile tender offer from Diana Shipping (DSX) for Genco Shipping & Trading (GNK) expires today.
10:00 AM: The US Census Bureau will release the new home sales report.