HP Enterprise event, Walmart+ Week, Pure Storage buzz, and triple-witching volatility

Welcome to Searching for Alpha’s Catalyst Watch – a breakdown of a few of subsequent week’s actionable occasions that stand out. Learn extra in regards to the occasions which will impression inventory costs subsequent week.

Monday – June 17

Volatility watch – Choices buying and selling quantity has moved larger on Maxeon Photo voltaic (MAXN). Essentially the most overbought shares per their 14-day relative energy index embody Iris Power (IREN), WalkMe (WKME), and ADMA Biologics (ADMA). Essentially the most oversold shares per their 14-day Relative Power Index embody Cibus Inc (CBUS), MongoDB (MDB), and UiPath (PATH). Brief curiosity is elevated on Cutera (CUTR) and Trupanion (TRUP) heading into subsequent week’s motion. Roaring Kitty’s choices on GameStop (GME) expire on June 21. Earnings watch – Notable firms as a result of report embody Lennar (LEN) and La-Z-Boy (LZB). All day – The quiet interval ends on Bowhead Specialty Holdings (BOW) to unencumber analysts to publish rankings. All day – GE Vernova (GEV), Altus Energy (AMPS), Phillips 66 (PSX) and ChargePoint Holdings (CHPT) are among the firms collaborating on the two-day J.P. Morgan Power, Energy and Renewables Convention. All day – Notable investor occasions embody Qiagen’s (QGEN) Capital Markets Day and Keros Therapeutics’ (KROS) enterprise replace name. All day – Walmart’s (WMT) member-only Walmart+ procuring occasion will start and run by June 23. The retail big jumped forward of Amazon’s (AMZN) Prime Day occasion on the calendar this yr. All day – French automaker Renault (OTCPK:RNSDF) will host a Dacia-focused occasion. 1:00 p.m. Philadelphia Federal Reserve Financial institution President Patrick Harker will converse on the financial outlook earlier than the World Interdependence Middle forty second Annual Financial and Commerce Convention.

Tuesday – June 18

Earnings watch – Notable firms as a result of report embody KB House (KBH) and America’s Automobile-Mart (CRMT). All day – Hewlett Packard Enterprise (HPE) will maintain its HPE Uncover occasion. CEO Antonio Neri shall be joined onstage on the Sphere (SPHR) in Las Vegas by Nvidia (NVDA) CEO Jensen Huang. All day – Notable investor occasions embody Aspect Options’ (ESI) R&D Day, and Bread Monetary’s (BFH) Investor Day. 8:30 a.m. The Could Retail Gross sales report shall be launched. 10:00 a.m. Nuvei (NVEI) holders vote on sale to Introduction. 11:00 a.m. Southwestern Power (SWN) and Chesapeake Power (CHK) have holder votes on merger deal. 2:00 p.m. Chicago Federal Reserve Financial institution President Austan Goolsbee is scheduled to take part within the “Financial and Financial Coverage” panel earlier than the hybrid 2024 Marshall Discussion board.

Wednesday – June 19

All day – The U.S. inventory markets shall be closed for observance of the Juneteenth Nationwide Independence Day federal vacation. All day – Rocket Lab (RKLB) is scheduled to launch an Electron rocket for the “No Time Toulouse” mission, the primary of 5 devoted flights on behalf of French Web-of-Issues firm Kinéis. 9:00 a.m. Pure Storage (PSTG) CEO Charlie Giancarlo will give a keynote deal with on the firm’s Pure//Speed up convention.

Thursday – June 20

Earnings watch – Notable firms as a result of report embody Accenture (ACN), Kroger (KR), Darden Eating places (DRI), Jabil (JBL), and Winnebago (WGO). All day – Notable investor occasions embody Ormat Applied sciences’ (ORA) Investor Day, Enviri’s (NVRI) Analyst Day, Pure Storage’s (PSTG) assembly for analysts as a part of the Pure//Speed up occasion, and annual conferences for DoorDash (DASH) and eBay (EBAY). All day – WTI crude June futures will expire. Crude oil futures have seen further volatility over the past yr on contract expiration dates. 12:30 p.m. – Federal Commerce Fee closed door assembly. 4:00 p.m. Richmond Federal Reserve Financial institution President Thomas Barkin will converse earlier than the Threat Administration Affiliation.

Friday – June 21

Earnings watch – Notable firms as a result of report embody CarMax (KMX) and FactSet (FDS). All day – The inventory market might see further volatility with triple witching day that includes the simultaneous expiration of inventory choices, inventory index futures, and inventory index choices contracts. All day – It’s the FDA motion date for Sarepta Therapeutics’ (SRPT) elevidys for Duchenne muscular dystrophy and Argenx’s (ARGX) Vyvgart remedy for adults with the autoimmune illness. Postmarket – The S&P 500 Index, S&P MidCap 400 Index, and S&P SmallCap 600 Index shall be formally rebalanced after the market closes. CrowdStrike (CRWD), KKR & Co. (KKR), and GoDaddy (GDDY) will be a part of the S&P 500 at market open on June 24. Texas Pacific Land Corp. (TPL), BioMarin Pharmaceutical (BMRN), Warner Music Group (WMG), Nextracker Inc. (NXT), Altair Engineering Inc. (ALTR), and RB World (RBA) will head to the S&P MidCap 400. In the meantime, Krystal Biotech (KRYS), Virtu Monetary (VIRT), StepStone Group (STEP), Cactus Inc. (WHD), and Tidewater Inc. (TDW) will be a part of the S&P SmallCap 600.

Searching for Alpha Editor Josh Fineman contributed to this story.