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.
Microsoft Corp. (MSFT): Microsoft Security Webcast hosted by Morgan Stanley
AbbVie Inc. (ABBV): Presenting at UBS Virtual Global Healthcare Conference 2020
Eni (ENI_IT): Ex Date for Semi-Annual dividend of EUR 0.430
Texas Instruments Inc. (TXN): Pay date for Quarterly dividend of $0.900
Baidu, Inc. (BIDU): CONFIRMED Next Earnings Date for Q1 2020
American Tower Corp. (AMT): Shareholder Meeting
Sony (6758_JP): Sony Corporation Corporate Strategy Meeting 2020
General Motors Co. (GM): Presenting at Evercore ISI EV Mobility Virtual Conference 2020
The Home Depot, Inc. (HD): CONFIRMED Next Earnings Date for Q1 2020
Wal-Mart Stores, Inc. (WMT): Same store sales report date for Q1 2021 CONFIRMED
China Mobile Limited (0941_HK): Shareholder Meeting
Netflix Inc. (NFLX): Video Release date for Patton Oswalt: I Love Everything
BlackRock, Inc. (BLK): BlackRock to Participate in a Goldman Sachs Fireside Chat
CSX Corp. (CSX): Presenting at Wolfe Research 13th Annual Virtual Global Transportation Conference 2020
Lowe’s Companies Inc. (LOW): Same store sales report date for Q1 2020 CONFIRMED
Chubb Limited (CB): Shareholder Meeting
Accenture plc (ACN): Everbridge Coronavirus: The Road to Recovery Executive Summit
Netflix Inc. (NFLX): Video Release date for Ben Platt: Live From Radio City Music Hall
3M Corp. (MMM): Presenting at Wolfe Research 13th Annual Virtual Global Transportation Conference 2020
Intertek Group (IKTSY): Ex Date for Semi-Annual dividend of $0.884
Microsoft Corp. (MSFT): Record date for Quarterly dividend of $0.510
Bezeq Israel Telecom Ltd. (BEZQ_IL): CONFIRMED Next Earnings Date for Q1 2020
PayPal Holdings, Inc. (PYPL): Shareholder Meeting
Thermo Fisher Scientific Inc. (TMO): Everbridge Coronavirus: The Road to Recovery Executive Summit
Johnson & Johnson (JNJ): Ex Date for Quarterly dividend of $1.010
Alibaba Group Holding Ltd (BABA): CONFIRMED Next Earnings Date for Q4 2020
The Walt Disney Company (DIS): Movie Release date for Villain (CANCELED)
Netflix Inc. (NFLX): Video Release date for The Lovebirds
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