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.
Merck & Co. Inc. (MRK): Merck & Co. Inc. Investor Day 2021
Eli Lilly & Co. (LLY): Eli Lilly Sustainability Call 2021
ASML Holding NV (ASML): Ex Date for Semi-Annual dividend of $1.886
Enterprise Products Partners L.P. (EPD): CONFIRMED Next Earnings Date for Q1 2021
Suncor Energy Inc. (SU): CONFIRMED Next Earnings Date for Q1 2021
Eli Lilly & Co. (LLY): Shareholder Meeting
Union Pacific Corp. (UNP): Union Pacific Corp. 2021 Investor Day
Pfizer Inc (PFE): Presenting at PegaWorld iNspire 2021
Australia & NZ Banking (ANZ_AU): CONFIRMED Next Earnings Date for H1 2021
CVS Health Corp (CVS): Same store sales report date for Q1 2021 CONFIRMED
American Express Company (AXP): Shareholder Meeting
Suncor Energy Inc. (SU): Shareholder Meeting
FedEx Corp. (FDX): Presenting at Wells Fargo Virtual Industrials Conference 2021
AXA SA (AXAHY): Ex Date for Annual dividend of $1.698
Booking Holdings Inc. (BKNG): CONFIRMED Next Earnings Date for Q1 2021
Stryker Corp. (SYK): Shareholder Meeting
Pfizer Inc (PFE): Truist Securities 7th Annual Life Sciences Summit 2021
Automatic Data Processing, Inc. (ADP): Presenting at Credit Suisse 3rd Annual eXtreme Services Conference 2021
Sanofi WW (SAN_FR): Record date for Annual dividend of EUR 3.200
Ambev (ABEV3_BR): CONFIRMED Next Earnings Date for Q1 2021
Anheuser-Busch InBev (ABI_BE): CONFIRMED Next Earnings Date for Q1 2021
Becton, Dickinson and Company (BDX): CONFIRMED Next Earnings Date for Q2 2021
The Kraft Heinz Company (KHC): Shareholder Meeting
Colgate-Palmolive (CL): Colgate-Palmolive Annual Meeting of Stockholders 2021
General Dynamics Corp (GD): Pay date for Quarterly dividend of $1.190
Bayerische Motoren Werke AG (BMW_DE): CONFIRMED Next Earnings Date for Q1 2021
The Walt Disney Company (DIS): Movie Release date for Locked In (LIMITED)
AbbVie Inc. (ABBV): Shareholder Meeting
Netflix Inc. (NFLX): Video Release date for Meel Patthar
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.
There is a substantial risk of loss in foreign exchange trading. The settlement date of foreign exchange trades can vary due to time zone differences and bank holidays. When trading across foreign exchange markets, this may necessitate borrowing funds to settle foreign exchange trades. The interest rate on borrowed funds must be considered when computing the cost of trades across multiple markets.