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.
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
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
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
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
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
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