META - Catalyst watch: Earnings blitz Mobileye lockup expiration and the new one-day VIX debut

2023-04-21 15:00:36 ET

Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report.

Monday - April 24

• Volatility watch - Short interest on Kohl's ( KSS ) and Nordstrom ( JWN ) is elevated as traders watch for negative guidance updates. Options trading has moved notably higher on Eos Energy Enterprises ( EOSE ) and Amyris ( AMRS ).
• Earnings watch - Notable companies due to report include Coca-Cola ( KO ), Whirlpool ( WHR ), and Canadian National Railway ( CNI ). Options trading implies a double-digit swing in share price for Aarons ( AAN ) and Cadence Bank ( CADE ) following their reports.
• Healthcare watch - The Chardan 7th Annual Genetic Medicines and Cell Therapy Conference will feature appearances from Vor Biopharma ( VOR ), Passage Bio ( PASG ), and Rocket Pharmaceuticals ( RCKT ).
• All week - The trial begins in the efforts by the Department of Justice to block Assa Abloy from acquiring Spectrum Brands' ( SPB ) door hardware unit for $4.3B.
• All day - Cboe Global Markets will launch a one-day version of its flagship VIX index in an expansion of the product offerings traders can use to bet on volatility. Analysts think the new one-day VIX may more accurately portray near-term sentiment.
• All day - The IPO lock-up period ends on a block of shares of Mobileye ( MBLY ). Shares of Mobileye are up 36% year-to-date and have not blinked much in the face of the lockup date.
• All day - Shareholders of record with Lucid Group ( LCID ) will vote on six proposals at the company's annual meeting. One of the proposals involves approving the compensation for certain executive officers. Another key vote covers the stock incentive plan to increase authorized shares issuable for awards by 39.2M shares in order for Lucid to attract and retain talent.

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