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Weekly Corporate Highlights- September 30, 2019 – October 4, 2019

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.

Mon 9/30/2019

Merck & Co. Inc. (MRK): Closing Date for Merck & Co. Inc. acquisition of Peloton Therapeutics, Inc.

Delta Galil Industries, Ltd (DELT_IL): Closing Date for Delta Galil Industries, Ltd acquisition of The Bogart Group

Intel Corp. (INTC): Closing Date for Intel Corp. acquisition of Barefoot Networks

Electricite de France SA (EDF_FR): Closing Date for Electricite de France SA acquisition of Energy2market GmbH

Colgate-Palmolive (CL): Closing Date for Colgate-Palmolive acquisition of Laboratoires Filorga Cosmetiques Skin Care Business

Qualcomm Inc. (QCOM): End of buyback program

Tue 10/1/2019

Stryker Corp. (SYK): Closing Date for Stryker Corp. acquisition of TSO3 Inc.

Roche Holding (ROG_CH): Presenting at Bloomberg ‘Future of Finance – Switzerland’ 2019

Comcast Corporation (CMCSA): Ex-date for Quarterly dividend of $0.210

The Coca-Cola Company (KO): Pay date for Quarterly dividend of $0.400

International Business Machines Corp. (IBM): Xilinx Developer Forum (XDF) 2019

The Walt Disney Company (DIS): Video Release date for Toy Story 4

Wed 10/2/2019

Comcast Corporation (CMCSA): Record date for Quarterly dividend of $0.210

Fox Corp. (FOXA): Pay date for Semi-Annual dividend of $0.230

Wheelock and Company (WHLKY): Pay date for Semi-Annual dividend of $0.669

Eli Lilly & Co. (LLY): Lilly Oncology Update at ESMO

Thu 10/3/2019

American Express Company (AXP): Ex-date for Quarterly dividend of $0.430

Intuit Inc. (INTU): Intuit Annual Investor Day 2019

International Business Machines Corp. (IBM): Presenting at BoxWorks 2019

PepsiCo, Inc. (PEP): CONFIRMED Next Earnings Date for Q3 2019

Fri 10/4/2019

The Walt Disney Company (DIS): Movie Release date for Rogue Warfare (LIMITED)

American Express Company (AXP): Record date for Quarterly dividend of $0.430

JPMorgan Chase & Company (JPM): Record date for Quarterly dividend of $0.900

Telstra Corporation Ltd. (TLSYY): Pay date for Semi-Annual dividend of $0.251

Disclosure: Interactive Brokers

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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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