Week end brunch

The week ahead will feature updates on construction spending, factory orders and trade before the big July jobs report at the end of the week. The range of forecasts from economists is wide, but the U.S. economy is expected to have added 2.26M jobs in July vs. 4.80M in June and the unemployment rate is forecast to drop to 10.3%. Also of interest, the labor force participation rate is forecast to drop to 61.1% from 61.5% last month and average hourly earnings are seen increasing 5.9% Y/Y, due in part to a higher mix of job losses near the minimum wage level. On the corporate calendar, another busy of week of earnings arrives with 20% of the companies in the S&P 500 Index on the slate and the IPO market heats up a bit with Rocket Companies (RKT) and Rackspace Technologies (RXT) debuting. On the COVID-19 front, the FDA is nearing a decision to authorize emergency use of antibody-rich blood plasma from recovered COVID-19 patients and corporate vaccine developments are expected to continue to roll in. Finally, market watchers are looking for a stimulus package from Congress covering extra unemployment benefits and the hot run for gold is gaining interest.
This Week's Earnings Announcements
Projected dividend changes (quarterly): Badger Meter (NYSE:BMI) to $0.19 from $0.17, Steris (NYSE:STE) $0.40 to $0.37,Carlisle (NYSE:CSL) to $0.54 from $0.50, Reinsurance Group (NYSE:RGA) to $0.75 from $0.70, Chemed (NYSE:CHE) to $0.34 from $0.32, Leidos (NYSE:LDOS) to $0.36 from $0.34 Cable One (NYSE:CABO) to $2.375 from $2.25 $2.375, ResMed (NYSE:RMD) to $0,41 from $0.39, Illinois Tool Works (NYSE:ITW) to $1.09 from $1.07, Cogent Comms (NASDAQ:CCOI) to $0.69 from $0.68, Federal Realty (NYSE:FRT) to $1.06 from $1.05 $1.06, Community Healthcare Trust (NYSE:CHCT) to $0.4225 from $0.420, Microchip (NASDAQ:MCHP) to $0.368 from $0.3765.
Business updates: Senior leaders from Ford (NYSE:F) will discuss the Q2 operating environment and the company's financial results during a fireside chat hosted by RBC Capital Markets on August 3. The discussion will also range across topics such as global redesign, cost actions, portfolio refresh and upcoming vehicle launches including the all-new Ford F-150, new Bronco family and all-electric Mustang Mach-E. NI (NASDAQ:NATI) is hosting a virtual investor conference on August 4, Cimpress (NASDAQ:CMPR) has its Investor Day set for August 5, while TerrAscend (OTCQX:TRSSF) has an Investor Day event on August 6 and eXp World Holdings (NASDAQ:OTC:EXPI) has a virtual investors Q&A session.
 
Samsung event: Samsung's (OTC:SSNLF) is holding a hardware event called Galaxy Unpacked on August 5 with as many as five hardware devices expected to be unveiled. The virtual presentation could include details on Galaxy Note 20 (regular and Ultra versions), Galaxy Fold 2, Galaxy Watch 3, Galaxy Buds Plus and Galaxy Tab S7/S7 Plus tablets. Qualcomm (NASDAQ:QCOM) will be front and center with its Snapdragon 865 or 865 Plus expected to be highlighted for 5G support. Shares of Samsung are up 7.4% YTD and Qualcomm is 17.3% higher.
Google event: An easter egg teaser page indicates Google's (NASDAQ:GOOGL) will be showing off its long-awaited Pixel 4a phone on August 3. The phone is rumored to have a 5.8-inch OLED display, 6GB of RAM, 64GB of storage and be powered by Qualcomm's (QCOM) 730 chipset. Pricing and exact order details for the budget phone are undetermined for now, but will likely be part of the reveal. 
Healthcare watch: Aptinyx (NASDAQ:APTX) is hosting a virtual R&D Day focused on the company's development efforts in post-traumatic stress disorder on August 5. Dicerna (NASDAQ:DRNA) has a virtual R&D event on the schedule for August 6. FDA action dates arrive for DBV Technologies' (NASDAQ:DBVT) Viaskin peanut on August 5, Bristol-Myers' (BMY) CM-9LA Opdivo + Yervoy cancer treatment on August 6, Trevena's (NASDAQ:TRVN) Oliceridine on August 7 and Eagle Pharmaceuticals' (NASDAQ:EGRX) Ryanodex on August 8.
Spotlight on industrials: Jefferies Global Industrials Conference is running from August 5-6 in a virtual format. The online gathering of over 150 public & private companies and 2K leading executives, institutional investors, private equity investors & VCs will address near- and long-term investment opportunities and discuss the current mechanisms driving industrials sectors in the U.S. and internationally. Participating companies include Bridgestone (OTCPK:BRDCY), Cree (NASDAQ:CREE), Drive Shack (NYSE:DS), Ericsson (NASDAQ:ERIC), Franklin Electric (NASDAQ:FELE), Kraton (NYSE:KRA), MRC Global (NYSE:MRC), NRG Energy (NYSE:

Online rush: The disruption from the online retail sector hit hyperdrive during the pandemic and has sent shares soaring as investors continue to make bets that many consumers have adapted for the long term. The list of gainers includes Overstock.com (NASDAQ:OSTK) +762% YTD, (NASDAQ:PRTS) +494%, Fiverr (NYSE:FVRR) +289%, Wayfair (W) +172%, Etsy (NASDAQ:ETSY) +145%, Farfetch (NYSE:FTCH) +133%, MercadoLibre (NASDAQ:MELI) +90%, 1-800-Flowers.com (NASDAQ:FLWS) +87%, Blue Apron (NYSE:APRN) +85%, Carvana (NYSE:CVNA) +69%, Amazon (NASDAQ:AMZN) +64% YTD, Chewy (NYSE:CHWY) +64%, eBay (NASDAQ:EBAY) +50%, Shutterstock (NYSE:SSTK) +22% and Alibaba (NYSE:BABA) +18%. The sector gets a test next week when Wayfair (W) posts Q2 numbers. Analysts expect Wayfair to see 69% revenue growth for the quarter on sky-high demand for home furnishings. Piper Sandler lifted its estimates on Wayfair's sales growth for Q3 to +50% vs. +37% prior and +40% in Q4 vs. +29% prior. A catch-all for the sector is the ProShares Online Retail ETF (NYSEARCA:ONLN).

 Monday, August 3:
American International Group Inc (AIG), Chegg Inc (CHGG), Clorox Co (CLX), CMS Energy Co. (CMS), DISH Network Corp (DISH), Eastman Chemical (EMN), Essex Property Trust Inc (ESS), Ferrari NV (RACE), Global Payments Inc (GPN), HSBC Holdings plc (HSBC), Ingersoll-Rand PLC (IR), Invitation Homes Inc (INVH), Itau Unibanco Holding SA (ITUB), Jacobs Engineering (J), Jacobs Engineering Group Inc (JEC), KLA Corporation (KLAC), Liberty Global PLC (LBTYA), Liberty Global PLC (LBTYB), Liberty Global PLC (LBTYK), Loews Co. (L), Marathon Petroleum Corp (MPC), McKesson Co. (MCK), Mplx Lp (MPLX), Neurocrine Biosciences, Inc. (NBIX), ORIX Co. (IX), Realty Income Corp (O), RingCentral Inc (RNG), SBA Communications Co. (SBAC), Steris PLC (STE), TAKE-TWO INTERACTIVE SOFTWARE, INC (TTWO), Tyson Foods, Inc. (TSN), Williams Companies Inc (WMB),

Tuesday, August 4:
Activision Blizzard, Inc. (ATVI), Allergan plc (AGN), Allstate Corp (ALL), AMETEK, Inc. (AME), Arista Networks Inc (ANET), Avalara Inc (AVLR), BioMarin Pharmaceutical Inc. (BMRN), BIO-TECHNE Corp (TECH), BP plc (BP), Ecopetrol SA (EC), Emerson Electric Co. (EMR), Exelon Co. (EXC), Expeditors International of Washington (EXPD), Extra Space Storage, Inc. (EXR), Fidelity National Information Servcs Inc (FIS), FMC Corp (FMC), Fox Corp (FOX), Fox Corp (FOXA), Gartner Inc (IT), Healthpeak Properties (PEAK), Incyte Co. (INCY), KKR & Co Inc (KKR), Leidos Holdings Inc (LDOS), Microchip Technology Inc. (MCHP), Monster Beverage Corp (MNST), Nikola Corporation (NKLA), Paycom Software Inc (PAYC), Pioneer Natural Resources (PXD), PPD (PPD), Prudential Financial Inc (PRU), Qiagen NV (QGEN), Sony Corp (SNE), Telefonica Brasil SA (VIV), Telekomnks Indn Prsr Tbk Prshn Prsrn-ADR (TLK), TransDigm Group Incorporated (TDG), Twilio Inc (TWLO), Verisk Analytics, Inc. (VRSK), Vulcan Materials (VMC), Walt Disney Co (DIS), Warner Music Group (WMG), WEC Energy Group Inc (WEC), Zimmer Biomet Holdings Inc (ZBH),

Wednesday, August 5:
American Water Works Company Inc (AWK), AmerisourceBergen Corp. (ABC), ANSYS, Inc. (ANSS), Atmos Energy Co. (ATO), Autohome Inc (ATHM), Brookfield Infrastructure Partners L.P. (BIP), Carvana Co (CVNA), CDW (CDW), Centurylink Inc (CTL), Ceridian HCM Holding Inc (CDAY), Corteva (CTVA), CVS Health Corp (CVS), Discovery Communications Inc. (DISCA), Discovery Inc Series B (DISCB), Energy Transfer LP Unit (ET), Essential Utilities Inc (WTRG), Etsy Inc (ETSY), Everest Re Group Ltd (RE), Evergy (EVRG), Fiserv Inc (FISV), Franco Nevada Corp (FNV), Godaddy Inc (GDDY), Honda Motor Co Ltd (HMC), Horizon Therapeutics PLC (HZNP), HubSpot Inc (HUBS), Humana Inc (HUM), Live Nation Entertainment, Inc. (LYV), Manulife Financial Co. (MFC), Metlife Inc (MET), Mitsubishi UFJ Financial Group Inc (MUFG), Mizuho Financial Group Inc. (MFG), Moderna Inc (MRNA), Peloton (PTON), Public Storage (PSA), Regeneron Pharmaceuticals Inc (REGN), ResMed Inc. (RMD), Roku Inc (ROKU), Sarepta Therapeutics Inc (SRPT), Sempra Energy (SRE), Simon Property Group Inc (SPG), Square, Inc. (SQ), Teva Pharmaceutical Industries Ltd (TEVA), Thomson Reuters Corp (TRI), Trimble Inc (TRMB), Varian Medical Systems, Inc. (VAR), Wayfair Inc (W), Welltower Inc (WELL), Western Digital Corp (WDC),

Thursday, August 6:
ABIOMED, Inc. (ABMD), AES Corp (AES), Alliant Energy Co. (LNT), Alnylam Pharmaceuticals, Inc. (ALNY), Alteryx Inc (AYX), Ameren Corp (AEE), American Electric Power Company Inc (AEP), Ball Co. (BLL), BCE Inc. (BCE), Becton Dickinson and Co (BDX), Booking Holdings Inc. (BKNG), Bristol-Myers Squibb Co (BMY), Cable One Inc (CABO), Canadian Natural Resources Ltd (CNQ), Cardinal Health Inc (CAH), CBS Co. (CBS), CenterPoint Energy, Inc. (CNP), Cheniere Energy, Inc. (NYSEAMERICAN) (LNG), Cloudflare Inc (NET), Coca-Cola European Partners PLC (CCEP), Consolidated Edison, Inc. (ED), Credicorp Ltd. (BAP), Datadog (DDOG), Diageo plc (DEO), Dun & Bradstreet Corp (DNB), EOG Resources Inc (EOG), EPAM Systems Inc (EPAM), FleetCor Technologies, Inc. (FLT), Fortinet Inc (FTNT), GALAPAGOS NV/S (GLPG), Hilton Hotels Co. (HLT), Illumina, Inc. (ILMN), ING Groep NV (ING), Insulet Co. (PODD), Liberty Broadband Corp Series A (LBRDA), Liberty Broadband Corp Series C (LBRDK), Livongo Health (LVGO), Mercadolibre Inc (MELI), Motorola Solutions Inc (MSI), Nice Ltd (NICE), NortonLifeLock Inc. (NLOK), Open Text Corp (OTEX), Parker-Hannifin Corp (PH), Pembina Pipeline Corp (PBA), Republic Services, Inc. (RSG), Restaurant Brands International Inc (QSR), Royal Caribbean Cruises Ltd (RCL), Sun Life Financial Inc (SLF), Symantec Co. (SYMC), T-Mobile Us Inc (TMUS), Trade Desk Inc (TTD), Uber Technologies Inc (UBER), ViacomCBS Inc. (VIAC), Waste Connections Inc (WCN), Wix.Com Ltd (WIX), Zillow Group Inc (Z), Zillow Group Inc (ZG), Zoetis Inc (ZTS),

Friday, August 7:
Icahn Enterprises LP (IEP), Magna International Inc. (MGA), Royal Bank of Scotland Group PLC (RBS), Toyota Motor Corp (TM), Ventas, Inc. (VTR),


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