What You missed LAST Week:
JEROME POWELL STARS
February 22—26, 2021 The title says Powell Stars but, in truth, it’s really Congress. First up is Powell’s Semi-Annual Monetary Policy Testimony to the Senate, Tuesday, and US House on Wednesday. (Anyone interested in reading the Fed’s Monetary Policy Report before Powell testifies, this week, it’s here https://www.federalreserve.gov/monetarypolicy/mpr_default.htm ) Also starting Tuesday, hearings on Merrick Garland’s nomination to be US Attorney General. For those who'’ve forgotten, he was the Obama Supreme Court Nominee, on March 16th, 2016, who Mitch McConnell refused to send to committee, for the last 10.5 months of Obama’s term—in contrast with McConnell’s rush to confirm Amy Coney Barrett, pushed through to replace the late Justice Ginsburg, just prior to the 2020 election, and before her body had even chilled or been buried.
What else is going on in Congress? Tuesday the SolarWinds hack will be taken up by the Senate Intelligence Committee, with Microsoft Pres. Brad Smith & FireEye CEO Kevin Mandia also summoned. Wednesday, the House Judiciary Committee will hold hearings with the CEOs of Facebook, Twitter & Google (Alphabet), the crux of which is section 230, which protects the platforms from what’s posted on their sites.
As if that wasn’t enough, FHFA & S&P/Case-Shiller offer Dec. House Price Indices, Tuesday, while Wednesday, Jan. New Home Sales will be released, also, from the Census Bureau. Thursday, not to be outdone, offers Nat’l Ass’n of Realtors’ Jan Pending Home Sales. Also Thursday, Initial weekly Jobless Claims and Continuing Claims, Jan Durable & Capital Goods Orders & Shipments, and the 2nd estimate of 20Q4 GDP/Cap/Ex/Household Consumption/PCE. Now, in and of itself, all the above data would be sufficient but there’s more: On Friday, Jan Personal Income & Spending will be Released, with another version of PCE. And for the heck of it, notice the values of US Treasury debt being offered, this week, creeping up, as we’ve pointed out previously. Plus, any number of Federal Reserve Presidents/CEOs are speaking this week, along with Fed Governors Bowman & Brainard, along with Vice Chairmen Qualres & Clarida. While we’re at it, note the number of Central Banks slated for meetings in March, after taking February off.
Which brings us to Earnings, and the shock I felt seeing such a large schedule of reports, this late into the season. For that we can thank the two national holidays—MLK Jr & President’s Day. So what’s on its way, this week? More retailers including Macy*s, Home Depot, Lowe’s, L Brands, TJMaxx, Best Buy, Crocs, Sprout’s Farmers Market, Steve Madden, FootLocker, and Wayfair, to name just a few. It seems a good place to repeat something pointed out previously: Retail Sales in January rose +5.3%, which should have been no surprise, since the stimulus bill passed in December 2020 allotted $600 to each adult & child below a certain income level, the vast majority of those funds deposited into bank accounts on January 4th, just one day after directly deposited social security checks. Throw in whatever bonuses those still working were awarded, and it’s plain to see what boosted retail sales—and as we’re likely to see Friday, savings weren’t enhanced by that recent stimulus grant. In fact, look back over history and it’s plain that most see December as the biggest spending month of the year it’s really January that’s a surprise winner, boosted by bonuses, gift cards given out over the holidays, and returns of gifts sent over the holidays, the proceeds of which are often spent before the person returning the gift ever exits the store. Throw in "free" $600, plus additional Unemployment Benefits granted with that Dec. Stimulus Bill, and the conditions for a pop in retail sales were set.
Now, compare that to Walmart who reported a strong quarter but offered an outlook that was lower than expected. Walmart lays the blame on labor costs, and especially, the costs required to take virus sanitation steps, and voila! Walmart expects to miss expectations. Evidently, finally forced to pay a near-living wage is cutting into earnings, when I’d contend its stores are still dirty, and dark warehouses compared to the bright, and color-filled Target stores—at least around here. What’s that meant to shoppers? An alternative to Walmart, and quite frankly, Target’s dirty secret: it has repeatedly ticked up pricing on products, and still not lost customers, because its RedCard holders get a 5.0% discount, making the differential small, for now. Still, as a multi-decade observer of retail, I have to credit Target for learning that the CapEx it’s spent on upgrading stores has allowed it to raise prices above Walmart’s, without losing many customers in the bargain,. While increasing its profit margins. That will continue to a point but, ultimately, customers who have to watch every penny—as some 10.8m unemployed do—which return to where their limited funds go the farthest. That could be Walmart, dollar stores, or Big Lots!
Also reporting this week, beer makers, media channels like Discovery AMC Network, NextStar, Salem Broadcasting, ViacomCBS, and more. Plus, a couple of big tech companies are reporting, including Dell & VMWare, Hewlett-Packard (HPQ), nVidia, NetApp, American Tower & SBA Communications. Also reporting, AirBNB, DoorDash, Etsy, DraftKings, and, it must be said, the now nearly infamous Moderna. So, too, is SolarWinds, in some circles, as infamous as Moderna. Last, worth mentioning, some builders & their suppliers. A number of Canadian Banks may, or may not be reporting this week. Their websites wouldn’t allow us into the IR section, because we refused cookies. Then, again, the beer companies refused us entry to their IR sites because we wouldn’t post our birth date and zip code, and, in one case, our driver’s license #. Really? To look at news releases on their Investor Relations site???
Which brings us the Events Calendar, flush with more I-bank virtual conferences than we’ve seen in a long time, even as hundreds of industry events keep getting pushed out to late summer & fall. So which are the marquee events, this week? SVB Leerink 10th Global Healthcare V-Conference, around which there’s usually smaller, boutique I-bank meetings scheduled. Not so much this year. I wouldn’t, ordinarily, point out a JPMorgan foreign-focused even so early in the Outlook but given the now, well-advertised chip shortages, and the biggest fab no less than Taiwan Semiconductor, it seemed essential to point out JPMorgan’s Taiwan CE/CFO V-Conference, also starting Monday. Another Monday event? Stephens virtual Bank Trip, including the following tickers: BANR, COLB, FIBK, GGBCI, HFWA, NBHC, PPBI, PACW, SIVB, TCBK, UMPQ, WAL, WAFD + additional companies TBD, Stephens wrote but I’d doubt it at this point. Nomura’s Global Real Estate V-Forum doesn’t get the same prominence as JPM’s even because the listed presenters at Nomura were Japanese, with little connection to the US.
Citi’s Tuesday Cybersecurity & Data Management V-Conference is flush with private companies, limited the market influence. AV21—Autonomous Vehicles Tuesday should attract more attention. Other events Tuesday include KBW’s FinTech Payments V-Conference (includes Capitol One), Truist Securities Consumer V-Symposium (participants include Hain Celestial, ScottsMiracle-Gro, Newell Brands, Central Garden & Pet, iRobot) Baird Sustainability V-Conference, and Institutional Investor ESG & Sustainability Investments Digital Series, UBS West Coast Mini Chemicals V-Conference, Pareto Securities Battery Metals & Mining V-Conference. That’s more I-bank events on Tuesday, alone, than seen so far this month, me thinks.
But it’s Wednesday that really kicks into gear with Credit Suisse’s 22nd Financial Services V-Forum, running through the 24th, Wolfe Research’s Global Auto, Auto Tech & Mobility V-Conference, Citi Healthcare Services, MedTech, Tools & HCIT V-Conference, and Wells Faro 24th Real Estate Securities V-Conference—and those are just the headliners Wednesday, though I suppose we should mention Credit Suisse’s 2nd Tokyo Internet & Game V-Days, given how durable Nintendo, especially, has proved, over so many decades.
Also worth highlighting, Citi’s SPAC-tacular V-Seminar, Thursday, and Bank of America’s 2021 Global Agriculture & Materials V-Conference Friday, along with G Research (Gabelli) 31st Pump, Valve & Water Systems V-Conference, also Friday.
That brings us to the Industry Events, not rescheduled for later this year, which starts with AAAI Friday—the American Academy of Allergy, Asthma & Immunology Annual V-Meeting. Also notable, WWD (Womens Wear Daily) Beauty Inc, Thursday V-Forum, given how much excitement L’Oreal earnings generated, even as Coty disappointed. Wednesday, ABA (Am. Bankers) Wealth Management & Trust V-Conference, of course, appeals to Wall Street. Tuesday industry notables include Immuno-Oncology 360, Neurodegenerative Drug Development, NBAA (Business Jets) GO: Flight Operations, National Pavement Expo—dreaming of a Biden infastructure plan, & TMA—Turn-Around Management Association’s Distressed Investing V-Conference. Monday, Merchant Payments Ecosystem, & CCRA & Camex for Campus V-Conference & Expo, plus Sunday’s Solar Market Assessment & Strategic Future of the Solar Supply Chain webinars. The last is usually one of the biggest events of the year, with multiple boutique & major I-Bank events revolving around it. Not in 2021, at least not until later this year when conference hosts are, clearly, expecting in-person events to again return.
Given such a busy week planned despite Jerome Powell’s Semi-Annual Monetary Policy testimony, markets could suffer from information overload and spend another week consolidating recent gains. That doesn’t mean stocks can’t make marginal new highs but they’re likely to do so without the help of big tech, given the hearings on Section 230, one of the week’s highlights. And should Powells change his tune, at all, and fail to give the same assurances that employment remains the focus, look out below. Some strategists saw danger in last week’s minutes of the Jan meeting, detecting possible rate moves sooner than Powell assures us is going to happen, when that was quite the stress. I simply don’t see this week as off to the races but, then, stocks have continually surprised me to the upside, so I’m always prepared for that to happen, again, despite a market that looks quite expensive to me.
ECONOMIC: (Highlights, only, below. Full International Economic Calendar here, incl. .links)
SUNDAY, 02/21
OVERNIGHT into US Mon. a.m. et:
China PBoC Feb Prime Loan Rate Set
Taiwan 20Q4 GDP, Jan Export Orders
German Feb IFO Biz Conditions/Expectations
Russia Monetary Policy Report
MONDAY, 02/22
ECB Pres Lagarde speaks @European Semester Conference:Inter-Parliamentary Conf on Stability, Economic Coordination & Governance in the EU (EU+Portuguese Parliament)
Chicago Fed Jan Nat’l Activity Index
NY Times DealBook D.C. Policy Project V-Conference (thru 23rd)
US Treasury Auctions $54B 3-, & $51B 6-month Bills
Fed Gov Bowman "Economic Inclusion in Lower-income Communities" @Dallas Fed’s Advance Together V-Celebration
OVERNIGHT into US Tues. a.m. et:
China Jan House Price Index
UK Nov Employment Change, Dec Unemployment Rate Jan Claimant Count
EU Jan CPI/Core CPI/HICP, Consolidated Financial Statement of Eurosystem
Hungary Central Bank Interest/Deposit Rate Decision
TUESDAY, 02/23
Redbook weekly store sales snapshot
FHFA Dec House Price Index
S&P/Case-Shiller Dec House Price Index
Richmond Fed Feb Manufacturing Index
FOMC Chair Powell testifies @US Senate Cmte on Banking, Housing & Urban Affairs (10am)
Merrick Garland Confirmation Hearing for appt as US Attorney General (thru 23rd)
Senate Intelligence Cmte Hearings on SolarWinds Hack w/SWI, Microsoft Pres Brad Smith, FireEye CEO Kevin Mandia
US Treasury Auctions $30B reopened 42-day Bills
Bk of Canada Gov. Mackem speaks
US Treasury Auctions $60B 2-year Notes & $34B 52-week Bills
API weekly Crude Data
OVERNIGHT into US Wed. a.m. et:
RBNZ (New Zealand) Interest Rate Decision, post-Meeting Press Conference
German 20Q4 GDP
Hong Kong 20Q4 GDP
UK Treas. Select Cmte hearings on Feb Monetary Policy Report (14:30 gmt)
Mexico Dec Retail Sales
ECB’s McCaul @Global Ass’n of Risk Professionals (GARP) Risk V-Convention
WEDNESDAY, 02/24
MBA weekly Mortgage Purchase/Refinance Applications
K.C. Fed Midwest Anti-Money Laundering V-Conference (9:30am)
US Jan New Home Sales
FOMC Chair Powell V-Semi-Annual Monetary Policy Testimony to US House (10am et)
US House Judiciary Cmte hearings on 230, w/CEOs of Facebook, Twitter & Goiogle
Fed Gov Brainard "The Federal Reserve’s Maximum Employment Mandate" @Harvard
EIA weekly Petroleum/Gasoline/Distillates/Refineries Report (w/e 12/19)
US Treasury Auctions $26B 2-yr FRNs & $61B 5-year Notes
Fed.V. Ch. Clarida on Eco Outlook & Monetary Policy @US Chamber of Commerce (1pm)
Fed V.Ch. Clarida on Eco Outlook & Monetary Policy @Aussie Am. Chamber of Commerce "Live from America" (4pm et)
Fed’s Kaplan Global Perspectives w/former Dallas Mayor Mike Rawlings (5pm, rescheduled from 02/17 after TX lost power)
OVERNIGHT into US Thurs. a.m. et:
So. Korea Interest Rate Decision
Eurozone Jan Loans to Households & Companies, Feb Consumer/Industrial/Economic/ Services Confidence
Monetary Developments in the Euro Area/Nat’l Balance sheet of Euro area Monetary Financial Institutions ex-Eurosystem
Mexico 20Q4 GDP, Dec Economic Activity, Jan Unemployment Rate
THURSDAY, 02/25
US weekly Initial Jobless Claims/Continuing Claims
US Jan Durable/Capital Gods Orders/Shipments
US 20Q4 (2nd estimate) GDP/CapEx/PCE
Mexico Monetary Policy Meeting Minutes, 20Q4 Current Account
NAR Jan Pending Home Sales
EIA weekly Natural Gas Report/change
US Treasury Auctions 4-, & 8-week Bills (values announced mid-week)
Richmond Fed V- Current Perspectives on Racial Economic Opportunity
Fed’s Bostic opens (8:30a, et), Fed V.Ch.Quarlies on "Stress Tests" @FRB Atlanta 2021 Banking Outlook Conference: "Where Do We Go From Here?" (11:30am et)
US Treasury Auctions $62B 7-year Notes
"Conversation w/NY Fed Pres. John Williams" webinar via One Hundred Black Men of NY (3pm)
St. Louis Fed "Current Perspectives on Racial Economic Opportunity: (6pm ct)
OVERNIGHT into US Fri. a.m. et:
Japan Tokyo Jan CPI, Industrial Production, retail Sales
Israel Celebrates Purim
Japan Jan Housing Starts/Construction Orders
UK Jan Car Production
BoE’s Haldane speech on "inflation outlook"
ECB’s Schnabel @European Fiscal Board Annual Conf: "High Debt, Low Rates & Tail Events"
Mexico Jan Trade Balance
FRIDAY, 02/26
US Jan Personal Income/Spending/PCE
ECB’s Lagarde & Panetta V-Participants in G20 FinMin & Central Bank Governors Mtg
US Jan Trade Balance
US Jan Wholesale Inventories
Chicago Feb PMI
U.M. (F) Feb Consumer Sentiment/Inflation Expectations
Colombia Interest Rate Decision
Baker-Hughes weekly US/No. Am. Total/Oil Rig Count (1pm et)
US FY22 Budget Plan (expected)
OVERNIGHT into US Sat. a.m. et:
Aussie Jan AiGroup Feb Manufacturing Index Markit Feb Mnftg Index
So. Korea Feb Trade Balance
Japan Jibun Bank Feb Manufacturing PMI
SATURDAY, 02/27
China Caixin Feb Manufacturing PMI
WEEKS AHEAD:
03/01 Boston Fed Racism & the Economy: Focus on Housing
NY Fed’s Williams opens & closes NY Fed Webinar
03/02 RBA (Aussie) MPC Meeting
03/10 Bk of Canada MPC Meeting
03/11 ECB MPC Meeting
03/16—17 FOMC Meeting
03/18 BoE FPC Meeting
Norges Bank (Norway) MPC Meets
03/19 BoJ MPC Meeting
03/25 SNB (Swiss) MPC Meeting
Banco de Mexico MPC Meets
EARNINGS: (We cover only the money-center banks, largest regional banks, and largest foreign banks traded on US Equity Exchanges. If you’re an investor partial to banks of all sizes, outside that perimeter, we’re not the place for you. If a reporting date couldn’t be confirmed by Thursday, at noon but seems reasonable (based on past experience), we note that ticker in lower case letters, followed by 3 question marks. Some provide no heads-up. Those that require we accept ALL cookies before allowing us a peek at investor information are UNacceptable to us. Tickers in bold are those we expect to attract the most attention, whether we think it’s justified, or not. Once in a while, we embolden a ticker because it appears the Street is missing the prospects, particularly those that have consistently beaten Street estimates in several recent quarters, OR a chart that blows us away. We ignore ‘The’ in a company name unless it’s integral to the ticker, which it’s not, in most cases. i.e. (The) Home Depot, Tuesday, and (The) ODP Corp, Wednesday. When a company reports after hours, and hosts its conference call the next day, we’ve used the release date—when it could be clearly determined.)
MONDAY, 02/22: API, AL, ACC, amswa???, AWR, AROC, AXGN, brk.a???, BIGC, BSM, BCC, BWXT, CDNS, CNNE, cri???, CSR, XEC, ctg???, CTB, czz???, cvet???, CVI, UAN, DZSI, FANG, DSX, DISCA, DISH, DORM, PLOW, EVER, EXR, FIVN, gmda???, GLOG, GLOP, gfl???, GDOT, HTA, HSTM, HSII, HLX, hpr???, ICCC, IR, IVR, JBT, KBR, KFY, KOS, lnth???, LPI, LSI, MGY, MRO, MMLP, NHI, NSA, NLS, NDSN, OXY, OKE, PANW, PSTV, PRIM, PRA, PSB, PLSE, REAL, O, RSG, RVNC, RCL, SBRA, SBAC, SOI, txmd???, RIG, TREX, UIS, ueic???, vtrs???, VNOM, WRI, WMB, ZI
TUESDAY, 02/23: AAN, axdx???, ADMS, allk???, Y, ANH, APLE, ARNC, ARNA, ARLO, AWI, ATRO, ATNI, ATRC, AGR, btg???, bmo???, bns???, BRY, BCO, COG, CATM, CSLT, CBRE, CDEV, CHX, CHE, CLVS, sid???, CSGP, CBRL, CEQP, CROX, CMLS, DKL, DK, den???, dmrc???, dds???, DGICA, SATS, ec???, NPO, EPZM, EQH, ETRN, ESPR, EPRT, FLS, FI, FMS, gmab???, GTY, HCKT, HALO, HEI, HTGC, HT, HSKA, HEP, HD, HURN, INFN, INSP, PODD, INTU, STAR, JAZZ, jbgs???, LDOS, LGIH, LXFR, LDL, mgnx???, M, manu???, MASI, MTDR, MATX, MCFE, MGRC, MDT, MFA,, MTG, mrtx???, COOP, MYGN, NBR, NXST, ONE, OSPN, ORCC, PEB, PEN, PXD, prgx???, PUMP, PUBM, QUAD, RRD, RRC, RLGY, reta???, rrgb???, ROIC, RUBY, WTTR, swir???, SPR, SPT, SPXC, SQ, INN, supn???, SYKE, syn???, SYX, TRHC, TRHC, TCMD, viv???, TX, TBPH, TPRE, tri???, TOL, BLD, UPWK, VRSK, WES, WLK, WLKP, XNCR, XP, XPER
WEDNESDAY, 02/24: DDD, ACAD, ADPT, aegn???, agi, ALIM, apt???, ALTM, AMED, AMSF, ANSS, APA, ACA, AHT, auph???, AVA, BCSF, cib???, BHC, BGCP, BILI, BKNG, MNRL, BNL, BKD, WHD, CSTE, CPE, CDNA, CSPR, CLDT, LNG, CQP, CPK, CYD, CHDN, CLH, kof???, CHRS, CLNC, CODI, CNST, clgx???, CCAP, cpg??? CCRN, CW, dakt???, DRH, drtt???, DHC, dy???, DEA, EV, ELAN, estc???, ESI, ENBL, ECPG, ETM, ETR, EPR, WTRG, EXC, frgi???, FVE, FRTA, FET, rail???, FDP, GCP, GNK, ggb???, LAND, GBT, GNL, gss???, ghc???, gte???, GEF, GRIN, pac???, asr???, GH, HFC, HZNP, TWNK, HYMC, HY, ICLR, ICD, IIPR, INGN, IBP, IONS, IRM, ITRI, jmia???, KALU, KW, KOP, KRA, KURA, LB, LMRK, LIVN, LOW, LXU, mdgl???, VAC, DOOR, MAXR, MMSI, mgee???, midd???, MCRI, NEO, NTAP, NVRO, NMFC, NYMT, NTNX, NVDA, OMP, OAS, OII, obln???, OAS, OII, ODP, OPRX, ORBC, ORN, ORA, OSTK, OMI, oxsq???, PLMR, PARR, PSN, CNXN, PDCE, PNTG, PRDO, pbr???, PGTI, PLAB, PING, PNW, PGNY, prqr???, pstg???, qep???, RDN, RTLR, RYAM, RDFN, rgnx???, RCII, RGEN, RVLV, RCKY, ry???, RYI, SAGE, SGMO, srpt???, SREV, SBGI, SITE, SIX, SCKT, SLRC, SUNS, SJI, SPTN, STAA, stn???, SUM, NOVA, TNDM, TCP, FTI, TDOC, tell???, ts???, TEN, TVTY, TJX, TRTX, TNL, TRN, TRUE, TPC, UFPI, ugp???, UIHC, UTHR, UNVR, UPLD, USCR, vapo???, VGR, VNTR, VER, VRT, VIAC, vgz???, VVNT, VVPR, HCC, wpg???, wb???, WEX, WSR, WLL, WOW, XTNT, ZVO
THURSDAY, 02/25: AAON, ACHC, XLRN, ACIW, ACMR, GOLF, ADAP, ADUS, ADT, AERI, AES, acrx???, AGIO, ATSG, ABNB, AKBA, alg???, ALRM, alc???, ALEX, ALLO, MDRX, ALTR, AMRN, ABEV, amc???, AEP, AFIN, AMH, AMT, AWK, amwd???, plan???, bud???, apls???, AAOI, asmiy???, AGO, at???, adsk???, AXON, RILY, BAND, BLI, BBY, BYND, BCRX, BMRN, TCPC, BHR, brfs???, BRMK, CABO, CZR, CLBS, CWT, CWH, cm??, crdf???, CARS, CVNA, CNP, CERS, chmi???, CMRX, CIO, CLVT, CCO, CLW, CLF, CDXS, CCOI, CLNY, FIX, bvn???, CGEN, scor???, CNCE, CNSL, CSTM, CUBE, CWK,, CYTK, DAIO, DELL, dnnli???, DHIL, DRNA, DPZ, DCI, DFIN, DASH, drq???, DVAX, EAR, EIX, EDIT, EKSO, ego???, EME, ENDP, enia???, ENV, EVA, EOG, ERIE, ETSY, EB, MRAM, EVOP, EVH, EXLS, STAY, EXTN, FTCH, AGM, FSS, FDUS, FSLR, FLIR, FND, FLY, FTAI, FOXF, frpt???, FCN, GCI, GNMK, ROCK, GIL, GKOS, gsat???, GLNG, GMLP, GSBD, GTN, HSC, hmlp???, HMHC, HHC, HPQ, ICFI, ICUI, IHRT, INSM, inse???, ICPT, ITCI, IIN, INTZ, IOVA, IRTC, SJM, JRVR, JNCE, KALA, KAMN, KDP, KRP, KL, KTOS, LADR, LAUR, LAWS, LEAF, LMAT, TREE, LHCG, LI, LBRDA, LYV, LPSN, CLI, MAIN, TUSK, mnkd???, MRIN, MTZ, MED, MDWD, MLCO, meso???, MGPI, msex???, MRNA, MNST, myte???, NTRA, nesr???, nrp???, NTUS, NKTR, NNI, NPTN, ntes???, SNR, NLSN, NKLA, NOMD, NDLS, NCLH, NVCR, NRG, NUVA, OGE, ZEUS, OPRA, ORC, OUT, PCRX, PZZA, PK, PDCO, PCTI, pba???, PRFT, PSNL, PETQ, PCG, DOC, PLTK, PLUG, PRAA, PRAH, pvg???, prmw???, PRG, PRVB, PTCT, PSA, PBYI, KWR, PWR, RDUS, RNGR, RMAX, rlh???, REGI, REZI, RLJ, RKT, ROOT, SAIL, SAFM, SPNS, SEAS, SEM, SRE, SHAK, SHEN, SSTI, SWI, SWX, SWN, SFM, STWD, STXS, SRCL, SHOO, SRI, STOR, MSC, RUN, swch???, cgbd???, TK, TGP, TNK, TFX, TNC, TMX, TTI, thtx???, TMST, td???, TPIC, TCON, TA, TRS, GTS, UHS, UVE, ECOL, USPH, vale??, vcel???, VICR, VIPS, VIR, SPCE, VMW, VYGR, W, wbt???, WSC, WWW, wday???, INT, WW, DAO, ZIXI, ZGNX, ZS
FRIDAY, 02/26: AMCX, AMRX, brk.a???, blu???, bwen???, BLDR, CNK, CVEO, COKE, DKNG, watt???, EVRG, frpx???, FLR, FL, FWONA, grfs???, IEP, isee???, LAMR, batra???, lsxma???, lind???, mgln???, MODV, NAT, NWN, OFIX, pags???, prtk???, PLYM, PNM, PEG, QRTEA, reph???, RHP, saft???, SSP, SPNE, SVC, STRA, SMLP, tcda???, SLCA, vist???, VST, zom???, zyxi???
EVENTS:
SUNDAY, 02/21
Solar Market Assessment & Strategic Future of the Solar Supply Chain (Webinars thru 25th)
NDSS Network & Distributed System Security V-Symposium (thru 25th)
DeveloperWeek V-Hackathon
Pri-Med South Virtual
IASLC World V-Conference on Targeted Therapies of Lung Cancer
NAFCU Federal Credit Unions Strategic Growth V-Conference (thru 28th)
MBA School of Mortgage Banking V-Conference/Expo (thru 03/11)
FAME Digital (OnDemand) Mass Market Fashion Shows (thru 03/16)
London Women’s Fashion Week (Streamed thru 23rd)
Integrative Healthcare Expo POSTPONED
Citi Japan Healthcare V-Trip (thru 25th)
MONDAY, 02/22
SVB Leerink 10th Global Healthcare V-Conference (thru 26th)
JPMorgan Taiwan CEO/CFO V-Conference (thru 23rd)
Stephens West Coast Bank V-Trip (thru 24th)
10th Global V-Conference on Neuroscience & Neuroimmunology (thru 23rd)
MPE: Merchant Payments Ecosystem V-Event (thru 25th)
CCRA & Camex: Campus V-Conference/Market Expo (thru 26th)
ESRI Federal GIS V-Conference (thru 24th)
Metro Connect Virtual (thru 25th)
RBC Municipal V-Symposium
Barron’s (NWSA) Top Advisory Teams V-Summit (thru 26th)
HSBC 9th Mexico Opportunities V-Forum (thru 26th)
Startup Grind Tech V-Conference (thru 25th)
Sportel (Monaco, Monte Carlo thru 24th)
Nomura Global Real Estate V-Forum (thru 26th)
Jefferies India Housing & Real Estate V-Summit
DTE Energy (DTE) V-NDR with Wolfe Research
Preferred Bank (PFBC) V-NDR with B Riley
TFI International (TFII) V-NDR w/Wolfe Research
TUESDAY, 02/23
Citi Cybersecurity & Data Management V-Conference
IQPC AV21 V-Autonomous Vehicles (thru 24th)
KBW Fintech Payments V-Conference (thru 25th)
Truist Securities Consumer V-Symposium (thru 24th)
Baird 2021 Sustainability V-Conference (thru 24th)
Institutional Investor ESG & Sustainable Investments Digital Series
UBS West Coast Mini Chemicals V-Conference (thru 24th)
Parks Associates Smart Energy V-Summit (thru 24th)
Immuno-Oncology 360 Virtual (thru 26th)
9th Neurodegenerative Drug Development V-Summit (thru 25th)
eTail Virtual (thru 25th)
NBAA GO: Flight Operations V-Conference (thru 25th)
TMA (Turnaround Mngmnt Ass’n) Distressed Investing V-Conference (thru 25th)
19th FAST File & Storage Technologies V-Usenix (thru 25th)
National Pavement V-Conference (thru 25th)
Pareto Securities Battery Metals & Mining V-Conference
IP V-Week (Int’l Petroleum thru 25th)
European 5G V-Conference (thru 25th)
Milan Women’s Fashion Fall/Winter 2021 V-Week (thru 03/01)
Customer Contact CCW Disrupt (Hybrid Sydney AUS thru 26th)
Citi Asia Online Education V-Tour (thru 24th)
GSMA MWC21 (Shanghai China thru 25th)
Macquarie Indonesia Macro V-Day
NFL (college Football) Scouting Combine Starts
Corning (GLW) 1x1 Meetings @/UBS Chemicals Mini V-Conference
LiqTech International (LIQT) V-marketing w/Stephens
LKQ (LKQ) V-marketing w/Stephens
NAPCO Security Technologies (NSSC) V-NDR w/B Riley
Zebra Technologies Corp (ZBRA) V-meeting w/Northcoast Research
WEDNESDAY, 02/24
Credit Suisse 22nd Financial Services V-Forum (thru 26th)
Wolfe Research Global Auto, Auto Tech & Mobility V-Conference (thru 25th)
Citi Healthcare Services, MedTech, Tools & HCIT V-Conference (thru 25th)
Wells Fargo 24th Real Estate Securities V-Conference (thru 25th)
RBC Global Environmental, Social & Governance V-Conference (thru 26th)
ABA Wealth Management & Trust V-Conference (thru 25th)
Alembic Global Advisors 11th Global (Not in Deer Valley) V-Conference (thru 26th)
AFA Air Force Aerospace Warfare V-Symposium (thru 26th)
WDS Women’s Dermatologic Society Management Psoriasis
6th Biological+Chemical SENSORS Global V-Summit
JPMorgan Korea Bank, Consumer & SMID Cap Tech V-tours (thru 26th)
Credit Suisse 2nd Tokyo Internet & Game V-Days
NextEra Energy (NEE) V-NDR w/Wolfe Research
Pfizer (PFE) V-NDR with Strategas
Textainer Group Hldgs Ltd (TGH) V-NDR w/B Riley
Trueblue Inc (TBI) V-marketing w/Northcoast Research
THURSDAY, 02/25
Citi SPAC-tacular V-Seminar
Argus Media Crude & Refined Products V-Forum
WWD Digital Beauty Inc V-Forum
ACTRIMS Consortium for Treatment & Research on Multiple Sclerosis Centers Virtual (thru 27th)
JOC (Journal of Commerce) TPM Trans-Pacific Marine V-Conference (thru 03/04)
Keystone V-Symposia Sleep & Circadian Rhythm Pilars of Health
25th Int’l V-Congress on Hematologic Malignancies: Focus on Leukemias, Lymphomas & Myeloma (thru 28th)
RBC Capital Private Technology V-Symposium
Carlisle Companies Inc (CSL) V-marketing w/Northcoast Research
Great Lakes Dredge & Dock (GLDD) V-NDR w/Strategas
Humana (HUM) V-marketing w/Stephens
Magnite (MGNI) V-marketing w/Stephens
Unilever (UL) Inclusion Tech Festival
FRIDAY, 02/26
Bank of America 2021 Global Agriculture & Materials V-Conference
G Research 31st Pump, Valve & Water Systems V-Conference
AAAI Am. Academy of Allergy, Asthma & Immunology V-Meeting (thru 03/01)
Wolfe Research Toy webcast w/Chris Byrne, on Hasbro (HAS) & Mattel (MAT)
11th Whistler Capital Conference (thru 28th)
Johnson & Johnson (JNJ) FDA Emergency Use Authorization review of its COVID-19 Vaccination
FILMS OPENING where theaters have reopened: "Tom & Jerry," hybrid live/animated adaptation of the Hanna-Barbera classic characters with Chloe Grace Moretz, Michael Pena, Colin Jost, from Warner Bros (T). "Crisis," with Gary Oldman, Armie Hammer, Evangeline Lilly, Greg Kinnear, opioids at the center of 3 stories, written & directed by Nicholas Jarecki, distributed by Quiver Distribution in the US. "The Killing of Two Lovers," w/Chris Coy, Clayne Crawford, Arri Graham, distributed by Neon. The film debuted at the 2020 Sundance Festival, and has been seen at other festivals, since, today its official opening. "The Vigil," w/Dave Davis, Menashe Lustig, Malky Goldman, Lynn Cohen, written & directed by Keith Thomas, distributed by Blumhouse.
SATURDAY, 02/27
CBOE Enables Electronic Auction Mechanism for S&P 500 Index Options Products
ASD/AMD Value + Variety Merchandise Liquidation Expo (Las Vegas thru 03/05)
Warren Buffet’s Annual Letter to Berkshire Hathaway (BRK.A) Shareholders expected EXCERPTS from EARLIER 2021 OUTLOOKS HERE
© Sandi Lynne 2021 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 far more complete due diligence.