Welcome to Seeking Alpha’s Stocks to Watch – a preview of key events scheduled for the next week. Follow this account and turn the e-mail alert on to receive this article in your inbox every Saturday morning.
Earnings season heats up this week with more big names likely to follow in the path of JPMorgan (NYSE:JPM) in reporting strong full-year guidance and muddied Q4 results influenced by one-time tax charges. In what could be a preview of many conference calls on tap, JP CEO Jamie Dimon called the new tax law “a big, significant positive” that the bank expects to fall to its bottom line. Most full-year consensus profit estimates haven’t adjusted yet to the tax reset, setting up some stocks for earnings day bounces. The markets are closed on Monday in observance of Martin Luther King Day, but there’s a packed schedule for the four trading days of the week.
Detroit Auto Show: The North American International Auto Show kicks off next week in front of the public part of the event. While discussions and analysis on the latest model introductions, NAFTA, electric vehicles, self-driving cars and new U.S. tax laws will be heard at displays, press conferences and on the sidelines — it’s guidance updates that could steal the show. The coinciding Deutsche Bank Global Auto Industry Conference in Detroit includes presentations from Ford (NYSE:F), General Motors (NYSE:GM), Cooper-Standard (NYSE:CPS), Hyundai (OTCPK:HYMLF), Dana (NYSE:DAN), Magna International (NYSE:MGA), Fiat Chrysler (NYSE:FCAU), Nissan (OTCPK:NSANY), Toyota (NYSE:TM), Honda (NYSE:HMC), Volkswagen (OTCPK:VLKAY), BMW (OTCPK:BMWYY), Cooper Tire & Rubber (NYSE:CTB), Autolive (NYSE:ALV) and Adient (NASDAQ:ADNT). There’s also talks from Tesla (NASDAQ:TSLA) and Mobileye (NYSE:MBLY) that could create some ripples.
Argus Americas Crude Summit Conference: Crude oil prices are at a three-year high so what a time for energy execs to gather in Houston to talk shop. Speakers include reps from UNIPEC (NYSE:SNP), Occidental Petroleum (NYSE:OXY), Phillips 66 (NYSE:PSX) and Barclays (BCS.).
IPO/secondary share lockup period expirations: OneMain (NYSE:OMF), Alnylam Pharmaceuticals (NASDAQ:ALNY), Third Point Reinsurance (NYSE:TPRE), Univar (NYSE:UNVR), US Foods (NYSE:USFD), Abeona Therapeutics (NASDAQ:ABEO), Achillion Pharmaceuticals (NASDAQ:ACHN), Everbridge (NASDAQ:EVBG), Floor & Decor (NYSE:FND), Jeld-Wen (NYSE:JELD), Calyxt (NASDAQ:CLXT), Akari Therapeutics (NASDAQ:AKTX), Radcom (NASDAQ:RDCM), CUI Global (NASDAQ:CUI) and BlueLinx (NYSE:BXC) on Jan. 16; Heat Biologics (NASDAQ:HTBX) on Jan. 17 and Ignyta (NASDAQ:RXDX) on Jan. 18.
Notable earnings reports: Citigroup (NYSE:C), CSX (NYSE:CSX) and United Healthcare Group (NYSE:UNH) on Jan 16; Bank of America, Goldman Sachs (NYSE:GS), Kinder Morgan (NYSE:KMI), U.S. Bancorp (NYSE:USB) and Alcoa (NYSE:AA) on Jan. 17; IBM (NYSE:IBM), American Express, Morgan Stanley (NYSE:MS) and Canadian Pacific (NYSE:CP) on Jan. 18; Schlumberger (NYSE:SLB), SunTrust Banks (NYSE:STI) and Kansas City Southern (NYSE:KSU) on Jan. 19. See Seeking Alpha’s Earnings Calendar for the complete list.
Credit card charge-off reports: Consumer credit is soaring so what’s that mean for charge-offs? American Express (NYSE:AXP), Bank of America (NYSE:BAC), Citigroup (C), Capital One Financial (NYSE:COF), Discover Financial Services (NYSE:DFS), JPMorgan (JPM) and Synchrony Financial (NYSE:SYF) all disclose numbers on Jan. 16.
Crypto: A pending crackdown in South Korea and a gentle warning from U.S. Treasury Secretary Steven Mnuchin are now in the mix with cryptocurrencies (OTCQX:GBTC, COIN, RIOT, OSTK, SSC, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:UBIA, OTC:ARSC, OTCPK:USTC, OTCPK:BLKCF, OTC:CRCW, COINB. What mainstream player makes a crypto move next after the Moneygram (NYSE:MGI)- Ripple test partnership and the explosion in shares of Kodak (NYSE:KODK) following its blockchain pivot? 7-day crypto scorecard: Bitcoin -14%, Ripple -34%, Ethereum +32%, Bitcoin Cash +4%, Litecoin -17%, Cardano -14%, NEM -8%, TRON +5%, Stellar -10% and IOTA +2%.
Sales update: Tiffany (NYSE:TIF) on Jan. 17.
Barron’s mentions: Investors are advised that they should take a look at Vivendi SA (OTCPK:VIVEF, OTCPK:VIVHY) instead of jumping into the Spotify (Private:MUSIC) IPO. Franklin (NYSE:BEN) is highlighted as a company poised to repatriate a significant amount of cash that could be distributed back to shareholders. In an interview with the publication on healthcare topics, Bill Gates talks about his foundation’s partnership with Gilead Sciences (NASDAQ:GILD).
Sources: CNBC, EDGAR, Bloomberg and Nasdaq.com.
Editor’s Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.