Stocks to watch: big events for Tesla, Amazon and Intel

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Investors could get another reality check, with major averages falling in five of the past six weeks, the Federal Reserve maintaining a hawkish stance on interest rates and recession fears resurging. Soaring bond yields and a strong US dollar have reset valuations and earnings expectations in nearly every sector. The week ahead will see a flurry of economic releases including the latest updates on durable orders, consumer confidence, new home sales, GDP and PCE prices. On the corporate timeline, Twitter (TWTR) will drop Elon Musk, Intel (NASDAQ: INTC) will host a key innovation event, Amazon (AMZN) will showcase new products, and Tesla (NASDAQ: TSLA) will hold its highly anticipated AI Day in Palo Alto, California.


Earnings Spotlight: Tuesday, September 27 – Cracker Barrel (NASDAQ: CBRL), Jabil (JBL) and United Natural Foods (UNFI)

Results Spotlight: Wednesday, September 28 – Thor Industries (THO), Jefferies (JEF) and Vail Resorts (NYSE: MTN).

Earnings Spotlight: Thursday, September 29 – Bed bath and beyond (NASDAQ:BBBY), CarMax (KMX), Rite Aid (RAD), Micron (NASDAQ: MU) and Nike (NYSE: NKE).

IPO monitoring: Luxury real estate developer Lead Real Estate (LRE) is set to start trading on September 27 and technology company Beamr Imaging (BMR) has an IPO start date of September 30. IPO lock-up periods expire for blocks of shares of Expion360 (NASDAQ: XPON) and Iveda Solutions (IVDA).

Tesla AI Day Preview: Tesla (TSLA) will hold its highly anticipated AI Day event on September 30 with expected updates on fully self-driving cars, the Dojo supercomputer, the robotaxi program, and a potential unveiling of the Tesla Bot. Optimus is described as a 5ft 8in robot capable of performing human tasks such as carrying heavy objects. The ultimate goal of Project Optimus is to deploy thousands of humanoid robots in factories before exploring other uses for them, including in the home. Elon Musk has teased that the robotics business could eventually be worth more than Tesla’s automotive business. Other topics that could be discussed are the Tesla Cybertruck schedule and information about the more powerful Supercharger V4.

Nike Earnings Snapshot: Nike (NKE) is expected to report earnings on September 29 with consensus revenue expectations of $12.29 billion and EPS of $0.92. Analysts believe currency is a major factor with new guidance issued by the company if its currency hedging program fails to offset fluctuations. While the near-term demand picture in China remains murky due to boycotts and COVID lockdowns, UBS believes the market is underestimating how attractive China’s sportswear market is for the company. long-term. The company pointed to favorable demographic trends, strong interest in health, wellness, sports and sports participation, and general consumer preference for big brands.

Amazon Product Event: Amazon (AMZN) will host an event to announce new devices, features and services. The tech giant is expected to unveil new Echo devices, as well as products from several Ring and Blink subsidiaries. Like Tesla, Amazon is becoming more active with household robots and the company may tease future integration of newly acquired iRobot. A wildcard to watch is if Amazon uses the spotlight to announce a second Prime Day shopping event or a specials event. It could reset expectations in the retail industry if Target (TGT) and Walmart (WMT) become more promotional to eliminate inventory.

Corporate events: Intel (INTC) will hold its annual innovation conference on September 27. Intel Innovation 2022 will include a keynote from CEO Pat Gelsinger and updates on the 13th Gen Intel Core series. On the same day, UiPath (NYSE: PATH) will hold its Investor Day with a series of presentations focusing on the company’s strategic priorities, key growth initiatives and financials. UiPath shares rallied after similar events in the past. On September 28, there are investor events for Aurora Innovation (NASDAQ: AUR), VF Corp (VFC). TotalEnergies SE (TTE), Roivant (NASDAQ: ROIV), The Timken Company (TKR) and Stem Inc. (NYSE: STEM). On September 29, Brookfield listed its affiliates (NYSE: BBU) (NYSE: BEP) (New York Stock Exchange: BEPC) (BIP) (BIPC) will organize days dedicated to investors. Also watch Li Auto (LI) on September 30 with the Chinese electric vehicle maker holding a launch event to unveil the Li L8 smart SUV. Learn about other events that could lead to stock price movements in Seeking Alpha’s Catalyst Watch.

Notable conferences: The upcoming week’s conference schedule includes the Cantor Fitzgerald Oncology & HemOnc Conference, Lytham Partners Fall 2022 Investor Conference, Guggenheim Nantucket Therapeutics Conference, TD Securities Paper and Forest Products Conference, Ladenburg Thalmann Healthcare Conference, and B Conference. Riley 2nd Annual Crypto Conference.

Stock breakdown: Annaly Capital Management (NYSE: NLY) The 1 for 4 reverse stock split is effective September 26.

Mentions of Barron: The cover story looks at whether to buy shares of the most promising healthcare companies at lower valuations. The post-COVID era in the industry should refocus attention on the innovation cycle and upcoming companies on a big patent cycle. AI platforms are also expected to penetrate the industry to integrate all available data to equip physicians. Some of the companies mentioned as intriguing in the current market setup include Boston Scientific (BSX), UnitedHealth Group (UNH), Edwards Lifesciences (NYSE:EW), EQRx (NASDAQ:EQRX), Eli Lilly (LLY) and AbbVie (NYSE: ABBV).

Sources: EDGAR, Bloomberg, CNBC, Reuters

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