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.
Bristol Myers Squibb Co (BMY): Bristol Myers Squibb Virtual Three-Part Investor Series: Early Pipeline and Immuno-Oncology
Apple, Inc. (AAPL): Presenting at Apple Virtual Worldwide Developers Conference (WWDC20) 2020
Royal Dutch Shell Class A (RDSA_GB): Pay date for Quarterly dividend of $0.160
UnitedHealth Group (UNH): Record date for Quarterly dividend of $1.250
Daimler AG (DAI_DE): Presenting at JP Morgan European Automotive Conference 2020
Biogen Inc (BIIB): SVB Leerink CybeRx Series: 2nd Annual CNS Forum 2020
Sanofi WW (SAN_FR): Sanofi R&D Day 2020
Nippon Telegraph & Telephone (9432_JP): Shareholder Meeting
CIGNA Corporation (CI): Internet Ecosystem Innovation Committee Virtual Summit Series II: Digitizing Enterprises
Visa Inc. (V): Virtual Tradeshow: Connected Claims USA Virtual
Novartis (NOVN_CH): Presenting at HFMA 2020
Sanofi WW (SAN_FR): Presenting at KCSA Cannabis Investor Conference
Delta Galil Industries, Ltd (DELT_IL): CONFIRMED Next Earnings Date for Q1 2020
International Business Machines Corp. (IBM): NG Supply Chain Summit 2020
Netflix Inc. (NFLX): Video Release date for Athlete A
Bristol Myers Squibb Co (BMY): Bristol Myers Squibb Virtual Three-Part Investor Series: Hematology
Bayer (BAYN_DE): Bayer Capital Markets Day 2020
Pfizer Inc (PFE): Presenting at 3rd Annual Next-Gen Immuno-Oncology Virtual Congress
Medtronic PLC (MDT): Ex Date for Quarterly dividend of $0.580
Nike Inc. (NKE): CONFIRMED Next Earnings Date for Q4 2020
SoftBank Group Corp (9984_JP): Shareholder Meeting
ITC Ltd (500875_IN): Board of Directors Meeting
Bristol Myers Squibb Co (BMY): Bristol Myers Squibb Virtual Three-Part Investor Series: Immunology and Cardiovascular
SoftBank Group Corp (9984_JP): Pay date for Semi-Annual dividend of JPY 22.000
Naspers Limited (NPN_ZA): CONFIRMED Next Earnings Date for H2 2020
Sony (6758_JP): Shareholder Meeting
Netflix Inc. (NFLX): Video Release date for Eurovision Song Contest: The Story of Fire Saga
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