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Weekly Corporate Highlights July 20 – 24, 2020

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.

No-Cost Coronavirus Corporate Event Impact Report

With the recent extreme volatility in the market, it is even more important to arm yourself with accurate corporate event data when creating trading and risk strategies. As a public service, we are offering the Wall Street Horizon Coronavirus Corporate Event Impact Report:  sign up here at no cost to you. The report details conference delays/cancellations, dividend suspensions, SEC filing due dates, and confirmed earnings date revisions – key impact data affecting equities and market sectors.

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.

Mon 7/20/2020

Intuit Inc. (INTU): Pay date for Quarterly dividend of $0.530

Caterpillar Inc (CAT): Record date for Quarterly dividend of $1.030

HDFC Bank Limited (500180_IN): UNCONFIRMED Next Earnings Date for Q1 2021

International Business Machines Corp. (IBM): CONFIRMED Next Earnings Date for Q2 2020

Tue 7/21/2020

Hindustan Unilever Ltd. (500696_IN): Board of Directors Meeting

BHP Group Limited WW (BHP_AU): BHP Operational Review for the year ended 30 June 2020

Lowe’s Companies Inc. (LOW): Ex Date for Quarterly dividend of $0.550

Hindustan Unilever Ltd. (500696_IN): CONFIRMED Next Earnings Date for Q2 2020

Biogen Inc (BIIB): Bioprocessing Summit Europe 2020

Netflix Inc. (NFLX): Video Release date for Jack Whitehall: I’m Only Joking

Wed 7/22/2020

Petroleo Brasileiro S.A. Petrobras (PETR3_BR): Shareholder Meeting

Biogen Inc (BIIB): CONFIRMED Next Earnings Date for Q2 2020

Lowe’s Companies Inc. (LOW): Record date for Quarterly dividend of $0.550

Reliance Industries Ltd (500325_IN): Pay date for Annual dividend of INR 6.500

CVS Health Corp (CVS): Ex Date for Quarterly dividend of $0.500

Hindustan Unilever Ltd. (500696_IN): Hindustan Unilever Ltd. call update on GSK CH Merger

Thu 7/23/2020

Comcast Corporation (CMCSA): Presenting at The Future of Business 2020 Virtual Conference

Procter & Gamble Company (PG): Ex Date for Quarterly dividend of $0.791

CVS Health Corp (CVS): Record date for Quarterly dividend of $0.500

Christian Dior SE (CDI_FR): UNCONFIRMED Next Earnings Date for H1 2020

Daimler AG (DAI_DE): CONFIRMED Next Earnings Date for Q2 2020

Goldman Sachs Group Inc. (GS): IPO Edge Summer Special Purpose Acquisition Companies (SPAC) Forum Webcast 2020

Fri 7/24/2020

Reliance Industries Ltd (500325_IN): Board of Directors Meeting

Royal Bank of Canada (RY): Ex Date for Quarterly dividend of CAD 1.080

AXA SA (AXAHY): Pay date for Annual dividend of $0.826

Reliance Industries Ltd (500325_IN): CONFIRMED Next Earnings Date for Q1 2021

Amazon.com, Inc. (AMZN): Video Release date for Radioactive

Disclosure: Interactive Brokers

Information posted on IBKR Traders’ Insight that is provided by third-parties and not by Interactive Brokers does NOT constitute a recommendation by Interactive Brokers that you should contract for the services of that third party. Third-party participants who contribute to IBKR Traders’ Insight are independent of Interactive Brokers and Interactive Brokers does not make any representations or warranties concerning the services offered, their past or future performance, or the accuracy of the information provided by the third party. Past performance is no guarantee of future results.

This material is from Wall Street Horizon and is being posted with permission from Wall Street Horizon. The views expressed in this material are solely those of the author and/or Wall Street Horizon and IBKR is not endorsing or recommending any investment or trading discussed in the material. This material is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation to buy, sell or hold such security. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

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