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.
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.
China Mobile Limited (0941_HK): Ex Date for Semi-Annual dividend of HKD 1.723
Strauss Group Ltd. (STRS_IL): CONFIRMED Next Earnings Date for Q1 2020
AXA SA (AXAHY): Presenting at Deutsche Bank dbaccess Global Financial Services Investor Conference 2020
United Parcel Service Inc. (UPS): Record date for Quarterly dividend of $1.010
Bank of Nova Scotia (BNS): CONFIRMED Next Earnings Date for Q2 2020
Merck & Co. Inc. (MRK): Shareholder Meeting
ASML Holding NV (ASML): Presenting at Cowen and Company 48th Annual Technology, Media and Telecom Conference 2020
EOG Resources, Inc. (EOG): Presenting at Bernstein 36th Annual Virtual Strategic Decisions Conference (SDC) 2020
Mizrahi Tefahot Bank Ltd. (MZTF_IL): UNCONFIRMED Next Earnings Date for Q1 2020
Royal Bank of Canada (RY): CONFIRMED Next Earnings Date for Q2 2020
Amazon.com, Inc. (AMZN): Shareholder Meeting
Salesforce.com, Inc. (CRM): CONFIRMED Next Earnings Date for Q1 2021
AT&T Corp (T): Presenting at Cowen and Company 48th Annual Technology, Media and Telecom Conference 2020
CSX Corp. (CSX): Ex Date for Quarterly dividend of $0.260
PJSC Gazprom (GAZP_RU): INFERRED Next Earnings Date for Q1 2020
Toyota Motor (7203_JP): Pay date for Semi-Annual dividend of JPY 120.000
AIA Group Ltd (1299_HK): Shareholder Meeting
Amgen Inc. (AMGN): Amgen Investor Meeting at the ASCO Virtual Scientific Program 2020
Roche Holding (ROG_CH): Presenting at American Society of Clinical Oncology (ASCO) Virtual Scientific Program 2020
Hitachi Limited (HTHIY): CONFIRMED Next Earnings Date for Q4 2019
The Walt Disney Company (DIS): Movie Release date for Artemis Fowl (CANCELED)
Total SA (FP_FR): Shareholder Meeting
Amazon.com, Inc. (AMZN): Video Release date for The Vast of Night
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