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Weekly Corporate Highlights June 22– June 26, 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 6/22/2020

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

Tue 6/23/2020

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

Wed 6/24/2020

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

Thu 6/25/2020

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

Fri 6/26/2020

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

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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