SPDR® S&P 500 ETF Trust (SPY)Clark Schultz,
da-kuk
Welcome to Searching Alpha's Catalyst Watch – a breakdown of some of next week's actionable events that stand out. Check out the regular Saturday morning stocks to Watch article for a full list of events planned for the week, or the Seeking Alpha earnings schedule. for companies that must report.
Saturday – December 23
- All day – NIO (NIO) will hold an investor event at the Olympic Sports Center in Xi'an, northwest China's Shaanxi province. The Chinese electric vehicle maker will unveil a new flagship model during the event, which CEO William Li confirmed is the ET9 super-luxury sedan. The reception of the event could affect the shares when they begin trading again in the United States on Tuesday.
Monday – December 25
- All day – US stock markets are closed for the Christmas holidays.
Tuesday – December 26
- Volatility Watch – Options trading volume has increased on Cytokinetics (CYTK) amid reports of acquisition interest. TeraWulf (WULF) has also seen more options bets than normal activity. Dyne Therapeutics (DYN) and Upstart Holdings (UPST) are heavily shorted. The most overbought stocks based on their 14-day Relative Strength Index are National HealthCare (NHC), Liquidia (LQDA), and Cerevel Therapeutics (CERE). The most oversold stocks based on their 14-day Relative Strength Index include ECD Automotive Design (ECDA), Hallador Energy (HNRG), and Amtech (ASYS).
- Data Report – The European Automobile Manufacturers Association is expected to publish monthly car registrations for November. During the first ten months of the year, new car registrations increased by 16.7%, reaching almost nine million units. The large markets of Italy (+20.4%), Spain (+18.5%), France (+16.5%) and Germany (+13.5%) showed gains. Volkswagen (OTCPK:VLKAF) is the market share leader in 2023 with 26.1%, followed by Stellantis (STLA) with 18.4% and Renault Group (OTCPK:RNSDF) with 10.9%.
- Data Reports – The Nevada Gaming Commission and Board are expected to release the November gaming earnings report sometime this week. The overall report will be of interest to Caesars Entertainment (CZR), MGM Resorts (MGM), Boyd Gaming (BYD), Wynn Resorts (WYNN), Las Vegas Sands (LVS), Full House Resorts (FLL), Bally's Corporation (BALY) and Red Rock Resorts (RRR). In particular, the month's figures from the Las Vegas Strip will be closely watched by the impact of the Formula One race weekend.
- Mergers and acquisitions surveillance – Paramount Global (PARA) and Warner Bros. Discovery (WBD) could see some activity as investors look for signs that a merger could take place that would have wide-ranging implications for live sports rights in the US. The two companies have already done it or are planning to do it. to acquire live broadcast rights to the NFL, NBA, NHL, MLB, PGA Tour, NASCAR, NCAA basketball tournament and the Big Ten Conference.
- All day – The IPO lockup periods for blocks of shares of Savers Value Village (SVV), Kodiak Gas Services (KGS), and Fidelis Insurance (FIHL) expire. SVV and FIHL were trading below their IPO price levels at press time, while KGS is up more than 20% since its debut.
- All day – Bond traders will be watching the auction of two-year Treasury notes.
- 9am The S&P CoreLogic Case Shiller Home Price Index will be released.
- 10:30 a.m. Dallas Fed manufacturing survey to be released.
Wednesday – December 27
- All day – IPO lockup period expires on blocks of Intensity Therapeutics (INTS) shares.
- 10:00 am Nasdaq will publish its brief interest report.
- 10:00 am The Richmond Federal Reserve Manufacturing Index will be published.
Thursday – December 28
- All day – The 1-for-10 reverse stock split for MDxHealth SA (MDXH) comes into effect.
- All day – The launch window opens for the launch of SpaceX's Falcon Heavy (SPACE) rocket of the USSF 52 mission for the US Space Force. The Falcon Heavy will launch the X-37B experimental orbital test vehicle on this mission. This will be the first launch of an X-37B using a Falcon Heavy rocket.
- 10:00 am The pending home sales index report will be published. Economists forecast pending home sales will rise 2% month-over-month in November, after showing a 1.5% drop in October.
Friday – December 29
- Mergers and acquisitions surveillance – The tender offer to exchange shares of Cadeler (OTCPK:CADLF) for Eneti (NETI) will expire. The purchase period for Blackstone's (BX) offer to acquire Rover Group (ROVR) will expire.
- All day – The San Diego Auto Show will begin with a media preview event. The five-day auto show is expected to feature the debut of the 2025 Volkswagen ID. Buzz, 2024 Chevrolet Blazer EV, 2024 Chevrolet Silverado EV, 2024 Ford F-150, 2024 Hyundai Kona Electric, 2024 Kia EV9, 2024 Lexus GX 500 and further.
- All day – Tesla (TSLA) will be on call on the last trading day of the year, and the electric vehicle maker's fourth-quarter deliveries report is likely to be released in a few days. Tesla (TSLA) stock has a recent history of falling in the session following the arrival of the quarterly delivery number.
- All day – It's the last trading day before the FDA action date on Zealand Pharma's (OTCPK:ZLDPF) Dasiglucagon for pediatric congenital hyperinsulinism.
- 9:45 a.m. The MNI Chicago Purchasing Managers Index will be published. The index is expected to drop to 50.0 in December from 55.8 in November, when there was a positive impact from the end of the United Auto Workers strike.
