Staying on top of corporate events is critical for any investment firm. Academic research has shown that events, as well as event revisions, can affect volatility. Below are examples of how some events can influence stock price:
- Earnings dates: Studies have shown that when a company moves a date forward from the expected earnings announcement date, they tend to beat expectations, and when a company moves a date back, they tend to miss expectations.
- Conference calls: Some analysts believe moves in a stock after an earnings call are often counterintuitive to the earnings release.
- Conference presentation: Cancellations of presentations at investor conferences are often considered a negative trigger for company shares.
- Movie or material Release: Similar to other events, a delay or postponement of the release date may have a negative effect on the price of the stock and cause volatility.
Weekly Corporate Event Highlights
Staying on top of corporate events is critical for any investment firm. Here are the selected events from Wall Street Horizon impacting the most widely held securities scheduled for this week.
General Electric Co. (GE): Pay date for Quarterly dividend of $0.010
Royal Bank of Canada (RY): Record date for Quarterly dividend of CAD 1.050
International Business Machines Corp. (IBM): Presenting at IKT Konvent 2020
Citigroup Inc (C): Citi Q4 2019 Fixed Income Investor Review Conference Call
Alphabet Inc. CL A (GOOGL): Presenting at DesignCon 2020
Apple, Inc. (AAPL): CONFIRMED Next Earnings Date for Q1 2020
Starbucks Corporation (SBUX): Same store sales report date for Q1 2020 CONFIRMED
Visa Inc. (V): Shareholder Meeting
Comcast Corporation (CMCSA): Video Release date for Gisaengchung
Goldman Sachs Group Inc. (GS): Goldman Sachs 2020 Investor Day
Bank of Nova Scotia (BNS): Pay date for Quarterly dividend of CAD 0.900
Tesla, Inc. (TSLA): CONFIRMED Next Earnings Date for Q4 2019
International Business Machines Corp. (IBM): Red Hat Forum Austria 2020
McDonald’s Corporation (MCD): Same store sales report date for Q4 2019 CONFIRMED
Strauss Group Ltd. (STRS_IL): Shareholder Meeting
Canadian National Railway (CNI): Presenting at CIBC 23rd Annual Western Institutional Investor Conference 2020
Enterprise Products Partners L.P. (EPD): Ex Date for Quarterly dividend of $0.445
Verizon Communications Inc. (VZ): CONFIRMED Next Earnings Date for Q4 2019
Accenture plc (ACN): Shareholder Meeting
Microsoft Corp. (MSFT): ChangeNow Summit 2020
Hindustan Unilever Ltd. (500696_IN): Board of Directors Meeting
Canadian National Railway (CNI): End of buyback program
Citigroup Inc (C): Ex Date for Quarterly dividend of $0.510
Hindustan Unilever Ltd. (500696_IN): CONFIRMED Next Earnings Date for Q4 2019
Netflix Inc. (NFLX): Video Release date for Taylor Swift: Miss Americana
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