Here's What You missed LAST Week
Here's What You missed LAST
Week
WORK IN PROGRESS,
in case Irma knocks power & internet offline. Our webhost is in Coral Springs, FL,
with back-ups in Houston TX. Not the best cities for the promised uptime, thanks to
Harvey, Irma &, even, Josie. Rather than withhold all I’ve worked on for days, I
posit that partially finished is better than nothing at all. So here is the largely
Unedited and Unfinished Outlook.
September 11—15, 2017 I’m preparing this, well aware my work may be for naught,
even if the worst Hurricane Irma does is what happened here after Wilma &
Jean—which tore off the roofs of most of the houses, including mine, knocked out
cellphones for 7—9 days, sent wired phone lines offline for 11 days (67 in my
mom’s case, just 8 miles away), and kept the power off for 9—11 days. Sum it up?
Don’t know if a thing created here will ever see the light of day before a new
Outlook is prepared a week from Sunday but I can only do what I can do, and that’s
create one for this week, especially given a ridiculous # of events this week, again. And
here’s the irony of preparing the schedule, as usual: there are so many events in the
path of Irma, that a large number of events could be canceled, even if I post!
EIA weekly Crude Oil/Gasoline/Distillate Stats (Harvey & Irma skew #’s)
Won’t if be funny if the ABIA—American Bankers Insurance Ass’n—Annual
has to be canceled due to Hurricane Irma? It’s scheduled to start on the 11th,
Monday, and promised Flood Insurance/RESPA Official as one of the keynotes.
ISS World on the 11th, is highlighting the "Lawful Interception of VoIP
& IP-Enabled Services, NSA Retention, Cyber Threat Detection & Information
Sharing. This is a group the got involved with BlackBerry when some countries decided its
e-mail system wads too secure, so its devices should be banned. ISS Represents the
law’s point of view.
Delivering Alpha is co-hosted by CNBC & Institutional Investor, the former sure to
have it dominate its schedule on the 12th. That’s also the day GS will
explain why FICC collapsed by (-40.0)% last Qtr, y/o/y speaking at Barclays FinServices
Conference, and also be the day Chipolte (CMG) Mexican Grill takes its Queso nationwide
after a regional test just long enough to create the max buzz.
CAT Investor Day on the 12th, probably makes moot CAT’s appearance at
Morgan Stanley’s 5th Annual Laguna (CA) Conference, the following day, as
well as at RBC’s Global Industrials 2 days later, on the 14th.
ECONOMIC: (Highlights, only, below. Full International
Economic Calendar hereJ
SUNDAY, 09/10:
OVERNIGHT into US Mon. a.m. et:
China Aug Aggregate Financing, Foreign Direct
Investment, New Yuan Loans
Italy Qtrly Unemployment Rate, July Industrial
Production
ECB’s Coeure speaks @ECB Workshop: "Monetary Policy in
non-Standard Times" (09/11 local time; Frankfurt DE workshop thru 12th)
MONDAY, 09/11
Canada Aug Housing Starts
NY Fed Survey of Consumer Expectations
US Treasury Auctions $39B 3-, $33B & 6-month Bills & $24B 3-year Notes
OVERNIGHT into US Tues. a.m. et:
Japan & China Q4 Manpower Surveys
France Q2 non-Farm Payrolls
UK Aug PPI, CPI, RPPI, PPI, July House Price
Indices
BoE Markets Director Salmon speaks
(Barcelona Spain)
TUESDAY, 09/12
US NFIB Aug. Small Business Optimism Survey
ECB VP Constancio speaks @ ECB Workshop: "Monetary Policy in non-Standard
Times"
United Nations 72nd General Assembly Regular Session Begins (thru 25th)
July US JOLTS (Job Openings & Quits)
US Treasury Auctions 4-week & 52-week Bills (11:30am et)
US Treasury Auctions $20B Reopened 10-year Notes
Ivana (ex-wife) Trump’s "Raising Trump" published (US)
"What Happened," Hillary Rodham Clinton’s memoir of the 2016 Presidential
election
OVERNIGHT into US Wed. a.m. et:
South Korea Aug Unemployment Rate
German Q4 Manpower Employment Outlook
BoJ Publishes Bond Purchase (QE) Activity
Eurozone Q2 Employment Data + July
Industrial Production
UK July Unemployment Rate, Claimant
Count/Change, Jul Avg Wkly Earnings
WEDNESDAY, 09/13
MBA weekly Mortgage/Refinance Applications (Rates scraped the low of the year)
Canada Aug Teranet/National Bank HPI
US Aug PPI—Final Demand
SEC Commish Michael Piwowar, US Rep Bill Huizenga, FINRA Pres/CEO Robert Cook,
and half of Wall Street CEO’s to speak at the 84th Annual Securities Traders
Ass’n Annual Market Structure Conference
(D.C. thru 15th)
EIA weekly Crude Oil/Gasoline/Distillate Stats (Harvey & Irma skew #’s)
US Treasury Auctions $12B reopened 30-year Bonds
US Aug. Budget Statement (Harvey blew hole in that)
OVERNIGHT into US Thurs. a.m. et:
UK RICS Aug House Price balance
RBA’s (Aussie) Debelle
speaks (Sydney), Aussie Avg Unemployment Rate/Change
China Aug Retail Sales, Fixed
Assets, Industrial Production
Japan July (F) Industrial
Production/Capacity Utilization
EU 25 Aug New Car Registrations
SNB (Swiss) MPC Rate Decision, Libor
Target Range (09/14 local time)
BoE MPC Rate Decision + Minutes,
Sept QE Target Range (09/14 local time)
Zapad 2017 Joint Russia/Belarus
Military Exercises (thru 28th)
THURSDAY, 09/14
BoE Chief Carney post-MPC Meeting Press Conference
ECB’s Lane addresses London Society of Business Economists
US weekly Jobless Claims/Continuing Claims (expect post-Harvey spike)
FINRA Fixed Income Conference (Dallas TX)
FPA—Foreign Policy Ass’n World Leadership Forum (NY)
Canada July New House Price Index
EIA weekly Natural Gas Report
ECB’s Mersch chairs panel "Are EU Digital & Fintech Initiatives up to
the challenges?" @
Eurofi Financial Forum; & hours later
"What way forward for EU27 & Eurozone?" + "Economic & Financial
Priorities for Relaunching the Eurozone & EU (Tallinn Estonia)
UK Introduces its new 10 GBP Notes into circulation Jane Austen replaced Charles Darwin
Ang Lee will be presented with highest honor & NASA will be honored at IBC Awards
(Amsterdam Netherlands thru 18th)
Euronext Recontres des Societes Cotees (Marseille France thru 16th)
OVERNIGHT into US Fri. a.m. et:
Japan Sept Reuters/Tankan Survey
ECB’s Lautenschlaeger speaks
(Tallinn)
BoE’s Vlieghe speaks (London)
Eurozone July Trade Balance, Labor Costs
ECB’s Nouy delivers Marjoin
Lecture @ 33rd SUERF Colloquium & Bk of Finland Conference:Shadow Banking:
Financial Intermediation Beyond Banks" (Helsinki)
FRIDAY, 09/15
ECB’s Mersch chairs panel "EU CCP systemic Issues (EMIR review, CCP,
R&R) @ Eurofi Financial Forum + ECB’s Constancio @ Eurofi
ECB’s Draghi & Coeure join Eurogroup informal meeting of FinMins (Tallinn
to 16th)
Quarterly Options & Index Futures Expire
Sept Empire State/NY Fed Manufacturing Survey
US Aug (Adv) Retail Sales (B-T-S Sales Tax Holidays should have added some vigor)
Canada Aug Existing Home Sales
US Aug Industrial Production/Capacity Utilization
US July Business Inventories
U.M. Sept (P) Consumer Confidence & Inflation Expectations
Red Dye Waiver for Diesel Fuel was scheduled to end today in TX & GA but likely to
be extended due to IRMA
Baker-Hughes weekly US/North American Drilling Rig Count
WEEKS AHEAD: 09/18 BoE Gov Carney lectures @
IMF, discussant with Mng Dir Lagarde (D.C.)
09/19—20 FOMC 2-day Meeting
09/20 FOMC Statement, Updated SEP (Financial Projections)
Janet Yellen Press Conference post-MPC Meeting
09/19—21 BoJ MPC Meets (thru 21st)
09/21 ECB Pres Draghi speaks at conference in financial stability
EARNINGS: (We drop "the" in a company name unless it’s integral to
the ticker. Emboldened tickers are those we expect to draw the most attention. Question
marks after a ticker means we confirmed the earnings date but not the time of day. Because
of Hurricane Irma, for which we’ve been preparing, any company that didn’t
confirm its earnings day by Wednesday, 09/06, at 3:30pm et, couldn’t be included.)
MONDAY, 09/11: p.m. IRET, LAYN, LMNR, PPHM, PSDV
TUESDAY, 09/12: a.m. p.m. AMRK, BGRP, FARM, RLGT, GROW
WEDNESDAY, 09/13: a.m. AGTC, CBRL p.m. LAKE, PCYG, STRM, UNFI
THURSDAY, 09/14: a.m. STB? p.m. ASPU, KANG, LPTH, ORCL, SANW
FRIDAY, 09/15: a.m. TNP
EVENTS:
CONTINUING SUNDAY, 09/10
New York (Designer/Runway) Fashion Week (NY thru 13th)
ASBMR Bone & Mineral Research (Denver CO thru 11th)
ACR Radiology Annual Meeting/Leadership Conference (Wellesley MA)
IHC Biennial Int’l Headache Society Congress (Vancouver BC Canada)
ESMO/EACR Biennial European Ass’n for Cancer Research (Madrid Spain thru 12th)
ERS (EU Respiratory Society): Oncology Day (Milan Italy thru 13th)
STARTING SUNDAY, 09/10
SolarPower International (Las Vegas NV thru 13th)
Rodman & Renshaw 19th Global Investment Conference (NY thru 12th)
Florida Restaurant & Lodging Show: Exceeding Culinary Expectations; Master the
Emerging Trends (Orlando FL thru 12th)
ING Benelux Conference (London)
77th FIP World Congress of Pharmacy & Pharmaceutical Sciences (Seoul
Korea thru 14th)
MONDAY, 09/11
Barclays Global Financial Services Conference (NY thru 13th)
Morgan Stanley Global Health Care Conference (NY thru 13th)
ABIA American Bankers Insurance Annual (Ponte Vedra Beach FL thru 13th)
18th Int’l Conference on Alzheimer’s Disease Drug Discovery
(Jersey City NJ thru 12th)
Stephens Fall Building Materials Investor Field Trip (EXP, MLM, SUM, USCR, VMC)
ROTH 5th Solar + Storage Symposium (Las Vegas thru 12th)
Credit Suisse 30th Annual Basic Materials Conference (NY thru 13th)
KeyBanc Basic Materials & Packaging Conference (Boston thru 13th)
Stephens Restaurant Field Trip (BWLD, DPZ, TXRH, PZZA thru 12th)
ISS (Intelligent Support Systems) World (Washington DC thru 13th)
FinovateFall FinTech (NY thru 14th)
Cell & Gene Therapy (Boston thru 12th)
Linux Foundation OpenSource Summit (Los Angeles CA thru 14th)
SNIA: SDC Storage Developer Conference (Santa Clara CA thru 14th)
SPIE Annual Photomask Technology w/Extreme UV Lithography (Monterey CA thru
14th)
CNS & Neurodegenerative Diseases R&D Summit (Boston thru 12th)
BAC/MER Healthcare Conference (London thru 13th)
Berenberg Conference on European Reforms (London)
SPIE 14th Security & Defense (Warsaw Poland thru 14th)
UBS Global Transport & Travel Conference (London thru 12th)
Credit Suisse Global Steel & Mining Conference (London thru 12th) |
Jefferies Kyoto Summit (Kyoto Japan)
EASD: European Society for the Study of Diabetes (Lisbon Portugal thru 15th)
Confab: World of Content Strategy (Denver CO thru 13th)
JPMorgan India Tours: India Infrastructure, or Building Materials, or
Consumption Tours (Mumbai, Mundrea, New Delhi, respectively, thru 13th)
MD Anderson Center Proton Therapy Center 2nd Education Conference
(Houston TX thru 23rd)
Kingman’s Miami Sugar Conference (Miami FL thru 13th)
Royal College of Radiologists Clinical Oncology & Radiology Mtg (Liverpool UK
thru 13th)
CLSA 24th Investors’ Forum (Hong Kong thru 15th)
Cap Gemini SA (CAP: FR) Financial Services Analyst/Advisor Day (Boston 12:30pm est)
Daimler (DAI:DE) Mercedes-Benz Cars Capital Markets Day (Europe)
ERYTECH Pharma (EYRP) ESMO Investor/Analyst Event (Madrid 6:15pm cet)
ARM Research Summit (Softbank {SFTBY} owns, now; Cambridge UK thru 13th)
TUESDAY, 09/12
Goldman Sachs 26th Annual Communacopia Conference (NY thru 14th)
Deutsche Bank Technology Conference (Las Vegas thru 13th)
7th Annual Delivering Alpha Conference (NY)
Peters & Co Ltd 2017 Energy Conference (Toronto thru 14th)
FTR Forecasting Transportation Conference (Indianapolis IN thru 14th)
CTIA GSMA Mobile World Congress (San Francisco thru 14th)
Wells Fargo NetLease REIT Forum (NY: O NNN, LXP, ADC, STOR, WPC, GLPI, MGP)
Cowen & Co "Hungry in Dallas:" Restaurant Bus Tour (Dallas TX)
ISE Expo for Communications & Entertainment Providers (Orlando FL thru
14th)
BMO 18th Annual Media & Telecom Conference (Toronto)
WESTEC Additive Manufacturing for Medical, BioPrinting & Drug Discovery (L. A.
thru 14th)
ASRA 17th World Congress on Pain Medicine Meeting (Boston thru 16th)
Multifamily Housing Council Fall Bd of Dir. & Advisory Cmte (D.C. thru 14th)
46th Turbomachinery & 32nd Pump Symposium (Houston
TX thru 14th)
AFCEA Homeland Security & Federal Identity Forum/Expo (D.C. thru 13th)
Deutsche Bank dbAccess Metals & Mining Conference (London)
Raymond James 13th Annual North American Equities Conference (London)
10th Annual Capital Link Shipping, Marine Services & Offshore Forum
(London)
PCB (Printed Circuit Board) Design Conference (Santa Clara CA thru 14th)
BAC/MER Pan-European Paper & Packaging Conference (London)
HVAC Comfortech @Mechanical Systems Week (Cleveland OH thru 14th)
Jefferies 5G & IoT Summit (Paris FR)
Jefferies Satellite Summit (Paris FR)
The Energy Event—Building a Resource Efficient Future (Birmingam UK
thru 14th)
Deutsche Bank dbAccess IAA Cars 2017 Conference (Frankfurt DE thru 13th)
JPMorgan London Small/Mid-Cap 1x1 Conference (London thru 14th)
Euromoney Electronic Bond Trading Forum (London)
World Drug Safety Congress (Berlin Germany thru 13th)
Berenberg Austrian Conference (London)
JPMorgan India Technology, India Auto, India Pharma & Healthcare Tours
(Bangalore, Ahmedabad, New Delhi)
Apple Inc (AAPL) Product Unveil as it Unveils its new campus & the Steve Jobs
Auditorium (Cupertino CA)
Cap Gemini SA (CAP:FR) Capital Market Day (Europe)
Caterpillar Inc (CAT) Investor Day (11am et)
EA Sports (EA) NHL18 Young Stars Edition Early Access Online
Goldman Sachs (GS) securities group co-head Pablo Salame, and COO Harvey Schwartz
are going to explain to investors the collapse in FICC returns (down {-40.0}% y/o/y, last
Qtr) @ Barclays Financials Conference (NY)
Performance Good Group Co (PFGC) Investor Day (NY 10am est)
SNC-Lavalin Group (CDN: SNC) Analyst Day (Montreal QC, Canada)
Sun Hydraulics Corp (SNHY) Investor/Analyst Day (NY 7:30am est)
Jamie Foxx organized Live Aid Harvey—or whatever they settled on calling the
nationwide telethon to raise funds to aid victims of Hurricane Harvey Kevin Hart got the
celebrity sympathy bone going, with a $25K donation & challenge to friends to do the
same. No sooner did Foxx announced this event, then every musical group started
volunteering to appear, and Beyonce & Jay-Z topped everyone with a $1m donation to
Harvey’s victims.
WEDNESDAY, 09/13
RBC Global Industrials Conference (Las Vegas thru 14th)
Global Automotive Cybersecurity Summit (D.C.)
84th Annual Securities Traders Ass’n Annual Market Structure Conference
(D.C. thru 15th)
Credit Suisse UFO—Underfollowed Opportunities Conference (Boston)
Cowen & Co Aerospace/Defense Bus Tour (D.C. thru 14th)
Citi PCA-Consumer Disruptive Growth Conference (NY)
Crittenden National Real Estate Conference (Miami thru 15th)
IPAA (Independent Petroleum Ass’n of America) Leaders in Industry (Lunch,
Houston)
iGlobal Forum 6th Specialty Finance Summit (NY thru 14th)
Apparel Executive Forum—the Promise & Perils of a Connected World"
(Ft Lauderdale FL thru 15th)
Int’l Vision Expo (Las Vegas thru 16th)
Bloomberg "Sooner than you Think"Half day event on Disruptive Tech (NY)
Credit Suisse European Industrials Conference (London thru 14th)
UBS Support & Business Services Conference (London)
Deutsche Bank dbAccess Metals & Mining Conference (London)
Berenberg Chemicals & Food Ingredients Conference (London thru 14th)
Pareto Securities 24th Oil & Offshore Conference (Oslo Norway thru
14th)
AANEM: Electrodiagnostic & Neuromuscular Medicine (Phoenix AZ thru 16th)
All Things Organic-Natural Products Expo East (Baltimore MD thru 16th)
SEMIcon Taiwan CONNECT—A World of Opportunities (Taipei Taiwan thru 15th)
Atlassian Corporation plc (TEAM) Investor/Financial Analyst Session (San Jose CA
1pm pst)
FDA Vaccines & Related Biological Products AdCom to discuss GlaxoSmithKline
(GSK)’s Zoster Vaccine Recombinant
National Grid PLC (NGG) Investor Teach-in (NY)
Sands China (LVS) 1st Anniversary of opening of Parisian Hotel/Casino
(Cotai, Macau)
THURSDAY, 09/14
Morgan Stanley 5th Annual Laguna (Industrial) Conference (Laguna Beach
CA thru 15th)
BMO Capital 17th Annual Back to School Technology & Business Services Conference
(NY)
Credit Suisse UFO—Underfollowed Opportunities Conference (NY)
C L King Best Ideas Conference (NY)
World Anti-Microbial Resistance Congress (D.C. thru 15th)
Deutsche Bank dbAccess Global Oil & Gas Conference (London)
Congress of World Nuclear Cardiology Scientific Sessions (Kansas City MO thru 17th)
Annual Sickle Cell Disease Therapeutics Conference (NY)
American Ass’n of Bovine Practitioners (Omaha NE thru 16th)
S.W. Dental Conference (Dallas thru 16th)
Thoracic Oncology (Chicago, IL thru 16th)
A4M Anti-aging BHRT Symposium (Chicago thru 16th)
Rare Patient Advocacy Summit (Irvine CA thru 15th)
GameChangers: Women & Sports (NY)
IAA 67th Cars Show (Hannover Germany, Press thru 17th, Public
thru 24th)
UBS Best of Switzerland Conference (Ermatingen Suisse thru 15th)
Citi 2017 Argentina Day (London)
HealthEx CEO Forum (London)
Kepler Cheuvreux Autumn Conference (Paris FR thru 15th)
Jefferies & Estimize Learn 2 Quant Summit (Hong Kong)
IBC Int’l Broadcast & Media Congress (Amsterdam Netherlands thru 18th)
Alexander & Baldwin Inc (ALEX) Analyst Day (NY 9am est)
Ballard Power Systems Inc (BLDP) Investor/Analyst Day (NY 10am est)
Cisco (CSCO) Enterprise Networking Group call hosted by KeyBanc (11am et)
Glaukos Corporation (GKOS) Investor Day (NY 8am est)
LiveNova PLC (LIVN) Investor Day (9am est)
FRIDAY, 09/15
10th Annual Perspectives in Rheumatic Diseases (Las Vegas thru 16th)
9th Annual ILCA (Liver) Cancer Ass’n Conferences (Seoul Korea thru
17th)
Jefferies 5G & IoT Summit The Future is Coming (Hong Kong)
London Fashion Week (thru 19th)
EA Sports (EA) Launches FIFA 18 Young Stars @ Game Retailers & Online
Samsung’s Galaxy Note 8 available at Retailers
Take-Two’s (TTWO) NBA2K18 Debuts (North America)
MOVIES OPENING: "Mother!" with Jennifer Lawrence, Javier Bardem,
Ed Harris, Michelle Pfeiffer, Kirsten Wiig, written & directed by Daniel Aronofsky
("Requiem for a Dream" & "Black Swan"), whom J-Law has been
dating, distributed by Paramount (VIA). "American Assassin" with
Dylan O’Brien, Michael Keaton, from CBS Films (CBS) & LionsGate (LGF.A),
based on one of Vince Flynn’s 15 novels. "Brad’s Status" with
Ben Stiller, Austin Abrams, Jenna Fischer, Michael Sheen, Luke Wilson, to be jointly
distributed by Annapuma Pictures (founded by Megan Ellison, daughter of Larry Ellison {ORCL},
with a cinema distribution deal with Metro-Goldwyn-Mayer, MGM Studios), & Amazon (AMZN).
"Rebel in the Rye," with Zoey Deutsch, Nicholas Hoult, Kevin Spacey,
Sarah Paulson, Victor Garber, Eric Bogosian, about the reclusive author, J.D. Salinger,
famed for "The Catcher in the Rye." Writer & first time feature director
Eric Strong’s film will be distributed by IFC Films (AMCX), in North America.
"All I see Is You," with Blake Lively, Jason Clarke, & Danny Huston,
distributed by Open Road Films, a JV owned by AMC Entertainment (AMC) & Regal
Entertainment (RGC).
SATURDAY, 09/16
Property & Casualty Underwriters (Orlando FL thru 19th, weather permitting)
21st Annual Meeting of Heart Failure Society of America Scientific Mtg
(Dallas thru 19th)
TechCrunch Disrupt SF & Hackathon (San Francisco thru 20th)
Farm Aid 2017 (Willie Nelson spurred annual fundraiser; Burgettstown PA)
Alvarez (49-1-1) v Golovkin (37-0 & 35 yrs young) Fight (Las Vegas and PPV)
Alvarez’s only loss was to Mayweather, Jr in 2013 EARLIER 2017
COMMENTS HERE
© Sandi Lynne 2017 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 factor in 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--2017
Sandi Lynne