Catalyst Watch: Eyes on oil, Goldman Sachs earnings, Samsung event and Oddity Tech lockup expiration

Welcome to In search of Alpha’s Catalyst Watch – a breakdown of a few of subsequent week’s actionable occasions that stand out. Take a look at Saturday morning’s common Shares to Watch article for a full record of occasions deliberate for the week, or the In search of Alpha earnings calendar for firms attributable to report.

Monday – January 15

• All day – U.S. markets might be closed for the observance of the Martin Luther King Day vacation.
• All day – The three-day Nationwide Retail Federation Massive Present will function speeches by Walmart U.S. (WMT) CEO John Furner, Trustworthy Firm (HNST) CEO Carla Vernon, FedEx (FDX) CEO Raj Subramaniam, Salesforce (CRM) CEO Marc Benioff, Signet Jewelers (SIG) CEO Gina Drosos, and Below Armour (UAA) CEO Stephanie Linnartz. Executives with Levi Strauss (LEVI), BJ’s Wholesale Membership (BJ), PepsiCo (PEP) and Greenback Basic (DG) may even make appearances.

Tuesday – January 16

• Volatility watch – Choices buying and selling quantity has moved increased on Cytokinetics (CYTK) amid report of takeover curiosity. TeraWulf (WULF) has additionally seen extra choices bets positioned on it than regular exercise. ESS Tech (GWH) and Bakkt Holdings (BKKT) each have an elevated degree of brief curiosity excellent on them. Probably the most overbought shares per their 14-day Relative Energy Index embrace Elevation Oncology (ELEV), RayzeBio (RYZB), and Daseke (DSKE). Probably the most oversold shares per their 14-day Relative Energy Index embrace International Mofy Metaverse (GMM), AAR (AIR), and DocGo (DCGO). Albertsons Firms (ACI) and Kroger (KR) might be watched, with the timing settlement on their merger attributable to expire.
• IPO watch – Firms with blocks of share rolling off their IPO lockup interval in the course of the week embrace Oddity Tech (ODD), BioNexus Gene Lab (BGLC), and Abivax (ABVX). Of the three, Oddity Tech is the one one buying and selling above its IPO pricing degree.
• Earnings watch – Notable firms attributable to report embrace Morgan Stanley (MS), Goldman Sachs (GS), PNC Monetary (PNC), and Interactive Brokers (IBKR). All 4 of these monetary shares traded decrease after their final earnings report. Choices buying and selling implies a double-digit swing in share worth for Calavo Growers (CVGW) after it stories.
• All day – The Needham Development Convention will function displays and fireplace chats by numerous firms. The convention has led to some share worth jolts previously off of steerage updates. The record of taking part firms contains Freshworks (FRSH), BlackBerry (BB), Chegg (CHGG), Beachbody (BODY), Planet Labs (PL), Fubo (FUBO), and MongoDB (MDB).
• All day – Monster Beverage (MNST) will host an investor assembly to offer replace on the enterprise and operations. Goldman Sachs thinks the replace might be a constructive share worth catalyst.
• 11:00 a.m. Federal Reserve Board Governor Christopher Waller will give a speech on the financial outlook.

Wednesday – January 17

• Earnings watch – Notable firms attributable to report embrace Prologis (PLD), Charles Schwab (SCHW), U.S. Bancorp (USB), and Alcoa (AA).
• All day – Samsung (OTCPK:SSNLF) will maintain its Galaxy Unpacked occasion to showcase new merchandise within the Galaxy S24 collection and unveil Galaxy AI. The corporate has previewed that the AI system might be a complete cell expertise and supply common intelligence on customers’ telephones. Cloud connectivity is anticipated to offer superior capabilities for Galaxy AI.
• All day – Investor occasions embrace Compass Diversified Holdings’ (CODI) Investor Day, Ryman Hospitality Properties’ (RHP) Investor Day, and Charles Schwab’s (SCHW) enterprise replace name.
• All day – OPEC will publish its Month-to-month Oil Market Report.
• All day – Ethereum (ETH-USD) builders have a Goerli public testnet for Dencun scheduled. Ethereum has rallied 15% over the past week as a part of a crypto rally tied to bitcoin ETF approval.
• 8:30 a.m. The December Retail Gross sales report might be launched by the Census Bureau. Economists count on a 0.4% month-over-month enhance.
• 2:00 p.m. The Federal Reserve Beige Guide report might be launched.
• 3:00 p.m. New York Federal Reserve Financial institution President John Williams will give opening remarks earlier than a hybrid occasion titled “An Financial system that Works for All: Measurement Issues.”

Thursday – January 18

• Earnings watch – Notable firms attributable to report embrace Truist Monetary (TFC), KeyCorp (KEY), and Fastenal Firm (FAST). Choices buying and selling implies a double-digit swing in share worth for Birkenstock (BIRK) after it stories.
• All day – Investor occasions embrace annual conferences for Intuit (INTU), Micron Expertise (MU), and Costco Wholesale (COST).
• All day – Circana will launch U.S. online game outcomes for a interval (November 26-December 30) masking a lot of the vacation buying season. The report could possibly be of curiosity to sport builders Microsoft (MSFT), Digital Arts (EA), Warner Bros Discovery (WBD), Sony (SONY) (OTCPK:SNEJF), Take-Two Interactive (TTWO), Roblox (RBLX), Ubisoft (OTCPK:UBSFY), in addition to Hasbro (HAS) and GameStop (GME).
• All day – IEA will publish its month-to-month Oil Market Report.
• All day – The ten-day Sundance Movie Pageant will start in Park Metropolis, Utah. The acquisition selections made by manufacturing firms can have massive monetary implications for film studios down the highway.
• 7:30 a.m. Atlanta Federal Reserve Financial institution President Raphael Bostic is scheduled to offer transient remarks on the financial outlook earlier than the Metro Atlanta Chamber board of administrators assembly.

Friday – January 19

• Earnings watch – Notable firms attributable to report embrace Ally Monetary (ALLY), Comerica (CMA), Fifth Third (FITB), and Vacationers (TRV).
• All day – Shareholders with Spirit Realty Capital (SRC) will vote on the acquisition provide from Realty Revenue (O).
• 10:00 a.m. The December Current Residence Gross sales report might be launched. Economists count on a print of three.84M dwelling gross sales vs. 3.82M in November.
• 10:00 a.m The January studying of the Michigan Client Sentiment Survey might be launched.