What You missed LAST Week
What You missed LAST Week
POWELL TESTIMONY, EEI FINANCIAL MEET, & WALMART EARNINGS
November 11—15, 2019 You can tell the majority of the Earnings Season is over by the
number of I-bank Conferences on this calendar—the longest calendar in weeks, ex-the
Earnings Section. And it will be a barn-burner of a week, with FOMC Chief Powell
testifying at Congress, twice, After the Bond Market takes a Veterans Day rest, on Monday,
even as both the Electricity Production and REIT industries hold separate, all hands on
deck, mass analyst meetings. The former is the 54th EEI Financial Analysts
Conference, the latter NAREITworld. And if you doubt their importance, all you need do is
check the number of I-bank events taking place at each of them. EEI started Sunday, NAREIT
starts Tuesday. And, if that wasn’t enough, NAR—the National Association of
Realtors, via whom we get Pending Home Sales, monthly, and SABEW, the Society of American
Business Business Editors & Writers, at which Patrick Harker is the lead off speaker,
and ARDA—Resort Development, usually most heavily weighted with timeshare developers,
where all the top hoteliers have dived in.
The Powell testimony should hold few surprises but we’re yet to see how the Street
will react to him insisting that the Economy is well, and the FOMC has time to let the 3
rate cuts work into the system, doing nothing in the meantime. Philly Fed’s Patrick
T. Harker will be answering audience questions @SABEW, the Society of American Business
& Economic Writers, Tuesday. Most disturbing is the first session, right out of the
gate, after welcoming comments is "Recession Coverage: How Can Business Journalists
Prepare Audiences for the Next Recession?" I read that and my thoughts immediately
leapt back to Richmond Fed’s Barkin comments, on 11/05—She said she doesn’t
see a recession imminent but does worry we could talk ourselves into recession. Yeah,
there was a lot of such talk flying around the Street but less since the FOMC’s most
recent interest rate cut.
The Calendars at other websites present a conundrum, this week. Two Calendars have Charles
Evans, the Chico Fed President, speaking at the 3rd Annual Philly Fed Fintech
conference which the Philly Fed does not show as repeating this year. Then, another two
calendars we consult has Pres. Trump speaking, 11/12, on Trade & the Economy at the
Econ Club of NY. Problem is, the best known of those—the Economic Club of NY, does
NOT show a Trump event on its website. Perhaps Trump has rented the club for a private
event, or there’s another Econ Club in NY I don’t know about—a range of
possibilities do exist, including a members only event the club is keeping from outsiders.
Econoday & the CME show the event on their Calendars but I just can’t confirm
that happening on Tuesday, and don’t blindly post what I can’t verify.
A few I-bank Conferences seem obvious to watch, including UBS’ Global Technology
Conference, in Scottsdale AZ, Credit Suisse’s Healthcare Conference in the same city,
both starting Monday. Morgan Stanley hosts its 8th Global Chemicals,
Agriculture, & Packaging Conference, in Boston, starting Tuesday, the same day Citi
starts Financial Technology, and Jefferies West Coast Consumer 1x1 in San Francisco. On
Wednesday, JPMOrgan hosts Ultimate Services Investor, Sandler O’Neill Partners East
Coast Financial Services, in Naples, FL, Berenberg Pain, in NY, Needham Big
Data/Infrastructure Software 1x1, and ROTH Partners New Industrials & Technology.
Given that mix, the event few may pay much attention to, initially, is Stephens,
Wednesday, hosting Nashville Investment Conference. The first assumption may be
healthcare, because it’s in Nashville, the 2nd might be mid & small
caps. But all that would be wrong. Stephens is hosting multiple sectors, and the largest
market cap company reporting is none other than Walmart, also reporting earnings on
Thursday.
This might feel like a good place to move onto the Earnings Calendar, and I’d love to
but, then, I’d miss mentioning Deutsche Bank’s dbAccess Gaming, Lodging, Leisure
& Restaurants 1x1, and UBS’ Aerospace Conference, in Palm Beach FL, along with
Wolfe Research’s Midstream Tour and JPMorgan’s Paris, France, Luxury &
Brands Conference and Deutsche Bank’s dbAccess Lithium & Battery Supply Chain
Conference, and the International Kidney Symposium, in Miami, starting Friday, or the
American Heart Association’s Scientific Sessions, starting next Saturday, in
Philadelphia.
And, then, we haven’t really done the Economic Calendar justice, since we
haven’t mentioned the 11th BRICS Summit, starting Wednesday, in Brazil,
distinguished from other multiple nation cooperation associations in that it states,
outright, it’s a political, not an economic cooperation association. That could be
why Russia’s Vladimir Putin is flying such a long way to get there for 2 days. Xi of
China is attending, too, so we know Putin will have some competition in his efforts to
expand his sphere of influence. A quick scan of the Economic Calendar shows the Fed Bank
offers up more than just Powell, this week, with Vice Chairman Clarida speaking at 5:30am
et, Monday, in Switzerland, and Tuesday, both Richmond’s Fed Pres. Barkin &
Philly Fed’s Harker speaking, as is Minneapolis Fed’s Kashkari late in the day.
Overnight, into Wednesday Morning, the Reserve Bank of New Zealand will release an
Interest Rate Decision, by which time it will be Wednesday, the 13th, there.
That’s the day Powell testifies at the Joint Economic Committee of Congress, while
Richmond Fed’s Barkin speaks on "The New Environment for Monetary Policy,"
presumably referring to policy after 3 "insurance" cuts. Also speaking
Wednesday, Dallas Fed Pres. Kaplan, in a conversation on national & global economic
issues with Douglas Holtz-Eaton, of American Action Forum, which badly fails to do his
past history justice. Also Wednesday, US Oct CPI will be released, ten Thursday, Oct
PPI—Final Demand. Clarida speaks, again, that day, on the Federal Reserve’s
Review of its Monetary Policy, Strategy, Tools & Communications Practices," at
the Cato Institute. Mid-day Thursday.
Also Thursday, NY Fed Pres/CEO John Williams is the lead off speaker at the San Francisco
Federal Reserve’s AEPC—Asia Economic Policy Conference, complete with Q&A.
AEPC is shaping up to be one big conference, with economists from many regional FRB, as
well as S.F. Fed Pres. Daly, the Hong Kong Monetary Authority, the Reserve Bank of New
Zealand, Bk of Korea, Banco Centro of Brasil, and Bk of Canada’s Gov. Poloz, all on
opening day. On the 2nd day, Friday, Daly and a less stunning group of speakers
will close out AEPC. Then, Friday, BoC’s Lane is a panelist on Digital Currency. Data
releases will include US Oct Retail Sales, the Empire State NY FRB Manufacturing Survey,
Import/Export Prices, Oct. Industrial Production/ Capacity Utilization, US Sept Business
Inventories and, of course,Baker-Hughes’ weekly Rig Count
I’ll also note the empty BoE Calendar. Usually, when we check the following
week’s planned schedule of announcements, speeches, economic data, etc, it’s
filled with items. This week, there was nothing of current economic
relevance--zippo—a Lord Mayo’s Show (a parade connected wo the appointment of
the new Lord Mayor of London, a ceremonial position). and "Painting a Fortune: JMW
Turner and the Bank of England," an exhibit of research from the BoE archive that
"sheds light on the famous artist’s career and investments." The Lord
Mayo’s show is an annual "procession" that starts at the BoE. The position
was created in 2000 but the "show"—a parade/procession, has been occurring
since the 16th century. The only other item is the display of Tuner’s
work, and the bank’s records of his transactions, including his first investment at
just 18 years of age, 3% of Consols stock. The exhibit at the BoE museum is associated
with Turner starring on the new 20 GBP note. Other than those entries, there’s
nothing until 11/27, which may suggest the ECB expected to be putting out all kinds of
"fires," after the 10/31 planned Brexit, so lightened up its load in the
immediate aftermath. Certainly, neither of these items would have wound up on the Federal
Reserve Board of Governors website, were they happening here.
Stephens is hosting a couple of sub-sector dinners associated with its Nashville
Conference. On the 13th, it’s holding a Transportation Dinner.
Transport-related companies attending include the following tickers: ATSG, CP, DSGX, CVTI,
ECHO, FDX, FTAI, HTLD, JBHT, KNX, MRTN, NSC, RUSHA, SRI, ULH, USAK, USX, WERN, WNC, WKHS,
YRCW, as of this post, all on the 13th. The Nashville Investment Conference, which starts the same
day, and runs through the 15th, has a tremendous list of participating
companies, across multiple sectors, the biggest, as I pointed out earlier, Walmart, the
smallest market cap, perhaps, Zynga. Just don’t tell Stephens where you obtained the
link within this paragraph, please.
Which lands us on Earnings, where more media companies are reporting, including Cumulus,
Qurate (HSN, QVC), and Tencent Music, Monday. Tuesday, CBS, CBS, and homebuilder D R
Horton. Wednesday, Beazer Homes and McClatchy, Thursday, Applied Materials, Dolby, and
Viacom, in addition to the aforementioned Walmart. But also on the calendar, Rockwell
Automation, Tyson Foods, Canada Goose, Cisco Systems, NetApp, and Stratasys, before
Friday’s J C Penney & JD.com. Not a big list but one with some punch,
nonetheless.
All of which makes for a very busy week and the possibility of some minefields not
delivering the narrative the Street has sold itself—1] The Fed has the Market’s
back. 2] The slowdown has already ended, because the Fed cut rates 3x. 3] The trade war is
easing—with the Chinese claiming the US agreed to roll back some tariffs as a
condition of signing Phase 1 of a Trade Deal, Trump, on the White House lawn, Friday,
insisting that’s not something he’s agreed to you yet.
So, I’ll point out the fact that Trump was boasting of the greatest Phase 1 deal with
China in the history of the U.S., shortly after their last meeting. Not hours later, the
Chinese said not really, they think another meeting will be necessary to finalize Phase 1
before signing it. Now, it’s the Chinese claiming all their terms were agreed to for
Phase 1, and Trump saying, not so fast—he hasn’t agreed to roll back any tariffs
as a condition of signing Phase 1, even though he already pushed off some that were due to
be instituted on Oct. 15th. So, it sounds to me like Trump is waiting for one
more thing associated with the Phase 1 deal, while the Chinese are prepared to dig in
their heels on insisting a rollback of some tariffs, as a condition of signing the Phase 1
deal—a mostly agriculture deal, much as the details have been released—and few
of them. So, if you think the market is ready to hear more China trade back and forth, and
Powell saying the FOMC is on lock-down, for awhile, pending incoming data, which would,
still, have to meet a high bar for them to cut again, then this market is for. Be my
guest, keep buying at ever higher highs, even as the Earnings outlook has softened, and
Unemployment probably has peaked, though we won’t see that clearly, until all the
retail seasonal hires begin getting laid off in late December, the January. Yes, all the
technical conditions for more gains appear well set up but how many more points? How much
higher? Was it Bernard Baruch who said, something to the effect of, he made all his money
by letting others stick with stocks for the last 5% move, even as he sold out?
ECONOMIC: (Highlights, only, below.
Full International Economic Calendar)
SUNDAY, 11/10
Saudi Aramco Prospectus expected to hit in Saudi Arabia
OVERNIGHT into US Mon. a.m. et:
China Oct Direct Investment, New Yuan
Loans, Money Supply
BoJ Summary of Opinions from Oct Meeting
ADIPEC Int’l (mostly National) Petroleum
Exhibition/Conference (Abu Dhabi thru 14th)
UK Q3 NIESR GDP, Private Consumption,
Business Investment, Gross Fixed Capital Formation, Gov’t Spending, Sept
Industrial & Manufacturing Production, Trade Balance
MONDAY, 11/11
US Veterans Day—US Treasury Market Closed; US Equities Trade 9:30am to 4pm et
Another chance to be critical of the NYSE which claims such allegiance to Veterans but
won't close with Bonds
CANCELED APEC Meeting was supposed to start today (Santiago Chile thru 17th)
CFRI Corporate Financial Reporting Insights (prior was ‘Issues’) Conference (NY
thru 12th)
OVERNIGHT into US Tues. a.m. et:
German Oct Wholesale Price Index (WPI)
Fed V. Chair Clarida on "Monetary Policy,
Price Stability & Bond Yields" @High-Level Conference on Global Risk Uncertainty
& Validity," from US FRB, BIS + SNB (5:30am et; Ruschlikon, Switzerland)
ECB’s Couere speaks @ECB workshop on money markets
& central bank balance sheets (Frankfurt DE 9:00cet)
ECB’s Enria keynotes EU Commission’s DG Financial
Stability, Financial Services & Capital Markets Union Conference, upon implementation
of Basel III
UK ILO Sept Unemployment Rate/Change/Claims
Count/Weekly Earnings
German ZEW Nov Economic Sentiment/Outlook
Eurozone Nov ZEW Survey of Economic
Conditions/Expectations
TUESDAY, 11/12
NFIB Small Business Optimism Index (6am et)
Redbook weekly store sales snapshot (8:55am et)
US Treasury Auctions $45B 3-, & $42B 6-month Bills (That’s it, other than
4/8-wk)
Richmond Fed’s Barkin on "Getting People Off the Sidelines: The Ultimate
Workforce Development Plan," @Institute for Advanced Learning & Research (noon;
Danville VA)
Philly Fed Pres Harker Q&A on "What’s next for the U.S. Economy and
the Fed?"@SABEW Conference, Washington Post’s Heather Long moderating (1pm et
NY)
Fed’s Kashkari in modereated discussed @Center for Research on the Wisconsin
Economy (Madison WI 6pm)
OVERNIGHT into US Wed. a.m. et:
Japan Oct Domestic Corporate Goods Price Index, PPI,
Sept Loans & Discounts
RBNZ (New Zealand) MPC Interest Rates Decisions,
Economic Outlook, Presser (11/13 local time)
German Oct CPI, HICP
UK Oct CPI, PPI, House Price Index, Retail Price
Index
WEDNESDAY, 11/13
MBA weekly Mortgage/Refinance Applications (7am et)
US Oct. CPI (8:30am et)
Atlanta Fed Business Inflation Expectations (10am et)
Impeachment Hearings Opened to Public @US House
11th BRICS—Brazil, Russia, India, China, So. Africa --Summit
(Brasilia, Brazil thru 14th)
Fed Chair Powell on "The Economic Outlook" @Jt Economic Cmte of Congress
(11am et)
Richmond Fed’s Barkin speaks to Greensboro Chamber of Commerce "The New
Environment for Monetary Policy" (12:30pm et in NC)
IF Pres. Trump is speaking @Economic Club of NY, it’s not on their calendar
US Treasury Budget (2pm et)
Dallas Fed’s Kaplan discusses national & global economic issues w/Douglas
Holtz-Eakin, of Am. Action Forum w/Q&A (6:05pm, Austin TX)
OVERNIGHT into US Thurs. a.m. et:
Japan Q3 GDP, Business + Household Spending
UK RICS Oct House Price Balance
China Oct Industrial Production, Property Investment,
Retail Sales, Jobless Rate
UK Oct Retail Sales
ECB’s Lane keynotes 4th CEPR
Int’l Macroeconomics & Finance Programme Mtg (12:00cet, Frankfurt)
ECB’s de Guindos interviewed @BNP Paribas
Global Markets Conference (London)
South African Sept Mining Production/Gold Production
Eurozone Q3 GDP, Unemployment Rate/Change
Fed V, Chair Quarles (pre-recorded video) welcome
remarks @IAIS—Int;l Ass’n of Insurance Supervisors’ 26th Annual
Conference (5:30am et; Abu Dhabi UAE)
THURSDAY, 11/14
US weekly Jobless Claims
US Oct PPI—FD (8:30am et)
Fed. V. Chair Clarida on "Federal Reserve’s Review of its Monetary
Policy, Strategy, Tools & Communications Practices" @Cato Institute 37th
Monetary Conference (9:10am et; D.C.)
Fed Chair Powell testifies on the Economic Outlook @US House Budget Cmte (10am et)
EIA weekly Natural Gas Report (10a, et; w/e 11/08)
EIA weekly Petroleum/Gasoline/Distillates/Refinery Report (11am et)
US Treasury Refunding Announcement (11am et)
US Treasury Auctions 4-, & 8-week Bills (11:30a,m et; value not announced at post)
NY Fed’s Williams opens S.F. Fed’s AEPC—Asia Economic Policy
Conference w/Q&A (noon)
S.F. Pres. Daly, HK Monetary Authority, RBNZ, Bk of Korea, Banco Centro of Brasil,
BoC Gov Poloz also speak @FRB San Francisco AEPC (FRB San Francisco thru 15th)
Banco de Mexico MPC Interest Rate Decision
Fed Reserve Balance Sheet (4:30p, et)
OVERNIGHT into US Fri. a.m. et:
China Oct House Prices
Eurozone Oct CPI, HICP, Sept Trade Balance, Oct
Total Reserve Assets
FRIDAY, 11/15
BoC’s (Canada) Lane panelist on Digital Currency, Sept Int’l Securities
Transactions
US Oct Retail Sales (8:30am et)
Empire State NY FRB Nov Manufacturing Survey
US Oct Import/Export Prices
US Oct Industrial Production/Capacity Utilization (9:15am et; GM strike impact)
US Sept Business Inventories (10am et)
Baker-Hughes weekly US/North American Rig Count (1pm et)
S.F. FRB CEO/Pres. Daly address the FRB San Francisco AEPC (San Francisco)
WEEKS AHEAD: 11/20 FOMC Minutes of
10/29—30 Meeting
12/03 RBA (Aussie) MPC Rate Setting Meeting
12/04 BoC (Canada) MOC Rate Setting Meeting
12/10—11 FOMC Meeting
12/11 FOMC post-Meeting Statement (2pm et)
Fed Chair Powell Press Conference (2:30pm et)
12/12 ECB MPC Rate Setting Meeting
SNB (Swiss) MPC Rate Meeting
12/19 BoJ MPC Rate Meeting
BoE MPC Rate Meeting
EARNINGS: (We no longer separate pre-
from post-market releases. If you see this, "???" after a ticker, it means
we’ve seen the ticker on many competing Earnings Calendars but couldn’t confirm
the date ourselves. Any company that didn’t confirm by Thursday, 10/31, at noon, is
not included. We usually check every IR site for every company supposed to report but now,
frequently, hit a wall because we won’t permission cookies at all of them. In those
instances, we’re guided by 3rd parties who have proven reliable in the
past but could be wrong on any given ticker. Emboldened tickers are those we expect the
Street and/or Media to focus on most, or those we believe will most impact a sector or
stock indices, altogether, or a group that’s dominant during the week. It’s
subjective, and you’re free to disagree. We ignore "the" in a company name
unless it’s integral to the ticker—it rarely is..)
MONDAY, 11/11: WBAI, FOLD, APYX, ASUR, aveo???, azul???, azz???, BIOX, CRR, CSTL,
CNFR, CMLS, CTEK, DS, DXC, FPI, FOE, FGEN, FTK, FOMX, FWONA, GLIBA, GO, ICUI,
ICCC, IMXI, LBRDA, linc???, LONE, mgic???, mpaa???, NFE, NOAH, PRCP, PFSW, FENG, PSTL, QRTEA,
SIBN, SMTX, TME, TERP, TDW, UGI, XPEL US Veterans Day
TUESDAY, 11/12: TWOU, wuba???, ACTG, ADMP, ADPT, ADT, AAP, ADES, AEIS, ACM,
AKBA, DOX, APEI, AGTC, APTX, AQMS, AVDL, BTN, BDSI, BLFS, BOXL, CALA, CLMT, CSIQ,
CNNE, CARB, CDLX, CPRX, CBS, CHMI, CAAS, CDXC, CLNE, CLPR, CWCO, MCF, CBPX,
CVET, BREW, CUI, CPIX, CVV, DHI, DQ, DZSI, DSKE, DDOG, DF, DGSE, dds???, DPLO,
EGRX, EBIX, EPC, EDIT, ELMD, erj???, ESTA, EVOL, XELA, FTSV, GARS, GOSS, GTT, HALO, HHS,
HCAT, HIIQ, HOOK, HZN, HTGM, HMI, HTHT, HUYA, ICON, IIVI, INFN, IEA, INO, INSE,
INAP, XON, ICMB, ISR, ISEE, KNDI, kem???, KIN, KOD, LGL, LCTX, LORL, MTSI, MBII, MCRN,
MNDO, MMAC, MRIC, MYO, NBRV, NTWK, NOG, NTIC, OCUL, OHAI, OMER, OPNT, OPRT, OPTN, OSTK,
PFIN, PRTK, PSN, PFMT, POLA, PTE, DTIL, KWR, RDNT, RETA, MARK, ROK, RMBL, SCSC,
SE, SNES, SSTI, SWKS, SOHO, STAF, STRS, SNSS, RUN, SCON, SYNL, SYBX, SYRS, TTOO,
TTPH, THMO, TLRY, TVTY, TOCA, TAT, TRXC, trq???, TSN, VLRX, VREX, VRAY, VTSI, VNRX,
YY
WEDNESDAY, 11/13: ACIU, ALPN, ARCO, ATTO, AEYE, BZH, BEST, BIOC, GOOS,
CMCM, CBPO, CYD, CSCO, CLIR, CPA, CPLG, CYCC, DMAC, DSSI, DYAI, EDAP, ECOR, ENR,
EFOI, ENSV, EYEN, FVRR, FTEK, GMDA, GLAD, GFF, HROW, HI, HOLI, IPWR, INFU, LTRX, LQDA, LK,
MTNB, MNI, MTOR, MLSS, NVGS, NTAP, ONE, OSW, PTN, PSNL, PING, RAVE,
REED, RWLK, SANW, SLP, SPB, SSYS, SUMR, SNDL, SLGG, TK, TGP, TNK, TTEK, TSEM,
TCOM, VIPS, wsm???, XELB, YMAB
THURSDAY, 11/14: YI, JOBS, AGRO, ALT, AMAT, AACG, LIFE, AXNX, AYTU, BKYI,
BCLI, CXDC, CTRA, CRMD, DARE, DGII, DRAD, DGLY, DLB, ETON, FTCH, GDS, GLOB, GECC,
HP, IDEX, IGT, IZEA, KLIC, LIQT, MDWD, MICT, MOTS, NGVC, NBEV, NICE, NVDA,
OPRA, OSMT, PHAS, PSTV, QRHC, RPAY, REDU, RUBY, EYES, SINA, SORL, STXS, SPH, TCDA,
TRWH, USIO, VBLT, VIAB, WMT, WB, WYY, WTT, WIX, XNET, ZSAN
FRIDAY, 11/15: BPTH, CLSN, JCP, JD
EVENTS:
CONTINUING SUNDAY, 11/10
NAR: Nat’l Ass’n of Realtors Conference/Expo (San Francisco thru 11th)
AARC Respiratory Care Congress (New Orleans LA thru 12trh)
AASLD: The Liver Meeting (Boston MA thru 12th)
ACR/ARHP Rheumatology Annual Meeting (Atlanta GA thru 13th)
Am. Society of Nephrology Kidney Week (D.C.)
16th Am. Academy Congress of Aesthetic Medicine (Las Vegas NV)
SITC: Society for Immunotherapy in Cancer (Nat’l Harbor MD)
WCR Women’s Council of REALTORS Nat’l Conference (San Francisco CA)
AAGL: Minimally Invasive Gynecology Global Hysterectomy Summit (Vancouver BC Canada
thru 13th)
Wired 25th Anniversary Summit (San Francisco)
No. Am. Int’l Livestock Expo (Louisville KY thru 21st)
Nomura Asia ex-Japan Global Markets Onsite (Singapore)
AFM American Film Market (Santa Monica CA thru 13th)
STARTING SUNDAY, 11/10
54th EEI Edison Electric Institute Financial Conference (Orlando FL
thru 12th)
Citi @EEI Financial Conference (Orlando thru 12th)
Wells Fargo Company Meetings @EEI (Orlando thru 12th)
Wolfe Research @EEI Financial Conference (Orlando thru 12th)
Mizuho @EEI Financial Conference (Orlando thru 12th)
Int’l Test Week Conference co-located w/ISTRA (D.C. thru 15th)
NYU Stern School HX: Hotel Experience (NY thru 11th)
AH&LA Boutique (hotel) Design Show @HX (NY thru 11th)
ABA National Agricultural Bankers Conference (Dallas TX thru 13th)
ASA/CSSA/ASSA Agronomy Annual Meeting (San Antonio TX thru 13th)
CAHF California Health Facilities Convention/Expo (Palm Springs CA thru 13th)
JPMorgan (JPM) catch the 'tribute' "60 Minutes" did on CEO
Jamie Dimon--no other way to describe it
"Godfather II" plays in movie theaters, again (thru 13th)
People’s Choice Awards (E! TV 9pm et/8pm ct/6 pt)
MONDAY, 11/11
US Veterans Day
UBS Global Technology Conference (Scottsdale AZ thru 13th)
Credit Suisse 28th Healthcare Conference (Scottsdale thru 13th)
9th Annual BioManufacturing Summit (San Diego CA thru 12th)
Well-Characterized Biologics & Biological Assays (Reston, VA thru 13th)
CFRI Corporate Financial Reporting Insights Conference (NY thru 12th)
IEEE Symposium on Dynamic Spectrum Access Networks (DySPAN, Newark NJ thru 14th)
Benchmark Intelligence Minerals Week (Los Angeles CA thru 15th)
RV Dealers Expo/Convention (Las Vegas thru 5th)
Goldman Sachs 11th Annual CEEMEA 1x1 Conference (London thru 12th)
FT Global Pharmaceuticals & Biotechnology Conference (London thru 12th)
BIO Europe (Hamburg Germany thru 13th)
Precious Metals Summit (Zurich Switzerland thru 12th)
ADIPEC Abu Dhabi Int’l Petroleum Exhibition & Conference (Abu Dhabi UAE
thru 14th)
SGX-JPMorgan Corporate Day (Tokyo thru 12th)
OSA Asia Int’l Photonics & Optoelectronics Congress (Wuhan City, Hubei
thru 14th)
OSA Optical Fibers & Optoelectric Devices & Integration (Wuhan, China thru
14th)
OSA Photonics for Energy Congress (Hubei China thru 14th)
Alibaba (BABA) Singles Day Sale (Think Prime+Black Friday into one sale)
Cumulus (CMLS) Wolfe Research hosts dinner (NY)
Entercom (ETM) hosts Wolfe Research clients (luncheon, NY)
Kopper Holdings (KOP) hosting B RileyFBR clients (NY)
Modular Medical (MODD) hosting meetings with B RileyFBR clients
OpenText (OTEX) Enfuse (Las Vegas thru 14th)
Western Union (WU) traveling with Northcoast Research (NY)
TUESDAY, 11/12
Morgan Stanley 8th Global Chemicals, Agriculture & Packaging Conference
(Boston thru 13th)
Citi Financial Technology Conference (NY thru 13th)
Jefferies West Coast Consumer 1x1 Conference (San Francisco thru 13th)
Craig-Hallum 10th Annual Alpha Select Conference (NY)
Stephens hosting client visits to CURO, FCFS, RCII as part of its Nashville
Conference
NAREIM: Real Estate Management Executive Officers—NextGen Leadership Retreat
(Newport Beach CA thru 13th)
SABEW—Society of American Business Editors & Writers Fall Meeting (NY)
Digital Hollywood Fall Experience (Los Angeles thru 14th)
Endeavor Streaming Sports Media & Technology Conference (Marina del Rey CA thru
13th)
WWD Digital Forum (Los Angeles)
Consumer Goods Sales & Marketing Summit (Chicago IL thru 14th)
NAFCD & NBMDA (building products distributors to builders) Annual Convention
(New Orleans LA thru 14th)
American Water Summit (Houston TX thru 14th)
Collaborative Robots: Advanced Vision & AI Conference (San Jose CA thru 13th)
Citi NAREITweek Meetings (Los Angeles thru 14th)
Raymond James @NAREIT Conference (Los Angeles thru 14th)
B RileyFBR Client Meetings @NAREITworld (Los Angeles thru 13th)
Wells Fargo meetings @NAREITworld (Los Angeles CA)
Skin, Bones, Hearts & Private Parts (Internal Medicine Conference Las Vegas
thru 15th)
UBS European Conference (London thru 13th)
Credit Suisse 2nd Utilities Day & 2nd Oil & Gas Day (Sao
Paulo Brazil)
EuroTIDES +EuroPeptides (Amsterdam NL thru 15th)
8th World Orphan Drug Congress + Cell & Gene Therapy
(Barcelona Spain thru 14th)
Smithers PIRA Sustainability in Packaging Summit (Barcelona thru 14th)
Reuters Global Investment Outlook Summit (NY, Houston, London, Singapore thru 16th)
JPMorgan Japan Macro Forum (Tokyo)
Nomura Japan Corporate Credit Day (Hong Kong)
Daiwa Investment Conference (Hong Kong thru 15th)
SEMICON Europe (Munich Germany thru 15th)
Donnelley Financial Solutions (DFIN) hosting B RileyFBR clients (Charlotte NC)
Eaton (ETN) hosts Wolfe Research clients touring Cleveland
GE (GE) Digital User Conference (Melbourne Australia thru 15th)
Lincoln Electric (LECO) hosts Wolfe Research clients touring Cleveland
Malibu Boats (MBUU) hosting B RileyFBR clients (Los Angeles)
NCR Corp (NCR) marketing with Northcoast Research (NY)
Parker Hannifin (PH) hosts Wolfe Research clients touring Cleveland
The Walt Disney Company (DIS) launches Streaming Video Service/3 ways to play in
US, Canada, The Netherlands, including "Star Wars The Mandalorian," an original
developed just for its new streaming service
WEDNESDAY, 11/13
JPMorgan Ultimate Services Investor Conference (NY)
Stephens Nashville Investment Conference (multiple sector; Nashville TN thru 15th)
BAML 2019 Global Energy Conference (Miami FL thru 14th)
Sandler O’Neill Partners East Coast Financial Services Conference (Naples FL
thru 14th)
Berenberg Pain Seminar (NY)
CanaccordGenuity Health & Wellness Investor Day (Toronto Canada)
Needham Big Data/Infrastructure Software 1x1 Conference
ROTH New Industrials & Technology Day (NY)
ARDA (Resort Development) Fall Conference (D.C. thru 15th)
NSRA (Shoe Retailers) Annual Leadership Conference
SRI Conference "Sustainable, Responsible, Impact Investing" (Colorado
Springs CO thru 19th)
45th Annual GSA Gerontological Society Annual Meeting (Austin TX thru 17th)
Ship Finance Forum (NY)
West Coast Lumber & Building Material Ass’n Annual Convention (Sacramento
CA thru 14th)
Lightshow LED Lighting Product Showcase/Conference (Chicago)
SMX East: Search Engine Marketing Expo (NY thru 14th)
Mexico Auto Industry Summit (Monterey Mexico thru 14th)
Goldman Sachs 2019 Global Natural Resources Conference (London thru 14th)
UBS Global Hedge Fund Conference (London)
Strategas 3rd Annual London Macro (London)
Morgan Stanley European TMT Conference (Barcelona Spain thru 15th)
Credit Suisse 3rd Telecom Day (Sao Paulo Brazil)
Credit Suisse Swiss Small & Mid Cap Conference (Zurich Switzerland thru 15th)
Jefferies BDC Traveling Summit (London, Zurich, Frankfurt thru 14th)
22nd CLSA India Forum (Gurgaon India thru 15th)
12th Int’l Conference on Orthopaedics, Osteoporosis & Trauma (London
thru 14th)
Cable Congress (Berlin Germany thru 14th)
FDA Immunology Devices sub-cmte open discussion on immunological responses to
metal implants, from hips to amalgam dental fillings
Boehringer Ingelheim US FDA considers its sNDA 204629/S-020 for empagliflozin oral
tablets to improve glycemic control in adult Type 1 diabetics
Dorman Products (DORM) hosting C L King clients (Toronto, Montreal thru 14th)
Origin Bancorp Inc (OBNK) hosting Stephens clients
X4 (XFOR) hosting B RileyFBR clients (Mid-Atlantic)
CMA (Country Music Awards) 8pm ABC (DIS) TV 8pm
THURSDAY, 11/14
Deutsche Bank dbAccess Gaming, Lodging, Leisure & Restaurants 1on1 Conference
(Miami FL thru 15th)
UBS Aerospace Conference (Palm Beach FL thru 15th)
Wolfe Research hosts a Midstream Tour to PAA, KMI, EPD, RBN (Houston)
Wells Fargo IT Boot Camp (for Banks; Los Angeles)
NYU’s Schack Institute 52nd Conference on Capital Markets in Real
Estate (NY)
Sports Business Daily Lagardere Sports eSports Rising (Marina del Rey CA thru 15th)
UBS South Africa Tomorrow Investor Conference (NY thru 15th)
ASRA (Am. Society of Regional Anesthesia & Pain Medicine) 18th Annual Pain
Medicine Meeting (New Orleans thru 16th)
12th Royal Marsden Opioids, Cannibinoids & Gabapentinoids Conference
(London thru 15th)
JPMorgan Luxury & Brands Conference (Paris FR thru 15th)
ESGCT European Society of Advanced Cell Therapies & Tissue Engineering (Milan,
Italy thru 16th)
EMUC Eurological Cancers Congress co-located with European Society for Radiotherapy
& Oncology (ESTRO), and (ESU) European School of Urology (Vienna Austria thru 17th)
Nomura Taiwan Corporate Day (Hong Kong thru 15th)
Jefferies Specialist Speaker Summit (Hong Kong thru 15th)
Amarin Pharnaceuticals (AMRN) before US FDA w/NDA 202057/S-035 for oral VASCEPA
capsules to reduce the risk of CV events, as an adjunct to statin therapy for adult
patients with elevate Triglycerides
Callon Petroleum (CPE) special meeting to vote on Carrizo Oil
& Gas (CRZO) takeover. Paulson & Co is voting against, Glass Lewis &
ISS reco'd voting against (Houston)
DXC Tech (DXC) hosting Wolfe Research clients (NYC)
Gray Television (GTN) hosts Wolfe Research clients (luncheon, NYC)
SAP (SAP) Inside Track (Monterey CA + Hamburg Germany thru 16th)
Unity Software UNITE Conference (Kochi India thru 15th)
FRIDAY, 11/15
Deutsche Bank Lithium & Battery Supply Chain Conference (NY)
NYU Stern Business School Healthcare Conference (NY)
CFANY Sustainable Investment Conference—ESG & Financial Materiality (NY)
NYU Stern School GMA (Multicultural Marketing) Conference (NY)
15th Int’l Kidney Cancer Symposium (Miami FL thru 16th)
4th European Congress on Immunotherapies in Cancer (Barcelona Spain thru
16th)
Citi Guangdong Investment Water Supply & Property Development Tour
(Dongguan & Shenzhen China thru 16th)
Caesars Entertainment (CZR) shareholders vote on Eldorado Resorts Inc (ERI)
takeover of CZR (@Caesars Palace Tuscana Chapen, Las Vegas)
Eldorado Resorts (ERI) shareholders vote on its takeover of Caesars Entertainment
(Reno NV)
EA (EA) launches "Star Wars Jedi:Fallen Order" video game
Nintendo (NTDOY) launches "Pokemon Sword & Shield" video game for
consoles
Cytosorbents (CTSO) hosting B RileyFBR clients (NY)
FILMS OPENING: "Charlie’s Angels," directed by Elizabeth Banks,
staring Hailee Steinfeld, Naomi Scott, Kristen Stewart, & Elizabeth Banks, via
Columbia Pictures (SNE). "Ford v Ferrari," staring Christian Bale,
Matt Damon, Caitriona Balfe, telling the story of the 1966 24 hour Le Mans battle between
Ferrari and the car Ford (Carroll Shelby) built to compete via 20th Century Fox
(DIS). "The Good Liar," starring Helen Mirren, Ian McKellen,
directed by Bill Conden, the story of a career con artist who falls in love with his mark,
based on a novel by Nicholas Searle, via New Line Cinema (T). "Waves,"
written & directed by Trey Edward Shults, starring Taylor Russell, Kevin Harrison Jr,
Alexa Demie, via A24. "The Warrior Queen of Jhansi," sweeping epic about
a woman who fought the domination of British East India Company, in India, culminating in
the mutiny of 1857. The film is directed by Swati Bhise, in her directorial debut, and
written with her daughter Devika Bhise, who’s one of the stars, along with Jodhi May,
Rupert Everett, Derek Jacobi, distributed in the US by Roadside Attractions, in which
LionsGate (LGF.A) has a large stake. "Scandalous: The Untold Story of the
National Enquirer," a documentary directed by Mark Landsman, distributed by Mark
Cuban & Ty Warner’s Magnolia Pictures, the biggest surprise the claim that any
story about the trash tabloid is still "Untold." Byron Allen’s
Entertainment Studios bought rights to "All Rise," a film based on a
award winning novel by Walter Dean Myers, that follows a 17 yr old honors student who gets
involved in a robbery that results in murder, the judge describing the student as a
monster. It’s unfortunate that CBS (CBS) launched a weekly series by the same
name, in September, confusing the issue for the film.
SATURDAY, 11/16
AHA Am. Heart Ass’n Scientific Sessions (Philadelphia PA thru 18th)
Resuscitation Science Symposium @AHA (Philadelphia thru 17th)
BSAAM 16th Anti-Ageing Conference (London) EARLIER 2019
OUTLOOK EXCERPTS HERE
© Sandi Lynne 2019 Nothing contained in this commentary should be construed as a
recommendation to buy or sell any security. The opinions expressed are the author’s,
alone, and should be just one part of more complete due diligence..
Enjoy last week's highlights. I'm retired, now, and prepare what I like, when I want,
Regards
Sandi Lynne
(c) 1998--2019
Sandi Lynne