Stocks to Watch: Spotlight on Ukraine, FOMC Speakers, Target, Lucid and DraftKings

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A busy week is ahead for investors as they watch the impact of the war in Ukraine on global markets, energy prices and commodities. Companies headed for the profit confessional amid tense geopolitics include HP (NYSE: HPQ)Lucid Group (NASDAQ:LCID)Target (NYSE: TGT) and Costco (NASDAQ: COST). There is also a strong FOMC speaker list and Fed Chairman Jerome Powell will testify on Capitol Hill. The central bank is faced with the challenge of fighting inflation without dealing too great a blow to economic growth. One of the biggest wild cards of the week will be OPEC’s decision on Wednesday to increase production.


Earnings Spotlight: Monday, February 28 HP (HPQ), Workday (NASDAQ: WDAY)Sailpoint Technologies (NYSE: SAIL) and video zoom (NASDAQ:ZM).

Earnings Spotlight: Tuesday, March 1 Baidu (NASDAQ: BIDU)Target (TGT), Kohl’s (NYSE: KSS) and AutoZone (NYSE: AZO).

Earnings Spotlight: Wednesday, March 2 dollar tree (NASDAQ: DLTR)BRP (NASDAQ: DOOO)Coupang (NYSE: CPNG)Snowflake (NYSE: SNOW) and American Eagle Outfitters (NYSE: AEO).

Earnings Spotlight: Thursday, March 3 Kroger (NYSE:KR)best buy (NYSE:BBY)Costco (COST), Broadcom (NASDAQ:AVGO)Wonder (NASDAQ:MRVL) and gap (NYSE: GPS).

Earnings Spotlight: Friday, March 4 hibett (NASDAQ:HIBB).

IPO and SPAC monitoring: The IPO market will be quiet next week, with no new offerings expected to start trading in the US and only the GeneTether Therapeutics microcap expected to debut in Canada. Analyst Silence Periods Expire on Arcellx (NASDAQ: ACLX)Silver Spike Investment (NASDAQ: SSIC) and Nuvectis Pharma (NASDAQ: NVCT) on March 1. Also watch DoubleDown Interactive (NASDAQ: DDI) with the expiration of the IPO blocking period.

Projected dividend increases: Companies planning to increase their quarterly dividend payouts include SBA Communications Corporation (NASDAQ: SBAC) at $0.725 from $0.58, Domino’s Pizza (NYSE:DPZ) at $1.13 from $0.94, Best Buy (BBY) at $0.80 from $0.70, Linde (NYSE:LIN) at $1.15 from $1.06, General Dynamics (NYSE:GD) at $1.26 from $1.19, Ross Stores (NASDAQ: ROST) to $0.30 from $0.285, SpartanNash (NASDAQ: SPTN) to $0.21 from $0.20 and Qualcomm (NASDAQ: QCOM) to $0.71 from $0.68.

Mobile World Congress: The Mobile World Congress show highlighting advancements in mobile and other technologies is happening next week. The ‘Connectivity Unleashed’ event will showcase 5G, cloud computing and AI updates from a long list of companies, including Qualcomm Technologies (QCOM), Samsung (OTC:SSNLF)sony group (NYSE:SONY)Lenovo Group (OTCPK:LNVGY)nokia (NYSE: NOK)Xiaomi Corporation (OTCPK: XIACF)Metaplatforms (NASDAQ:FB)Lumentum Holdings (NASDAQ: LITE)F5 (NASDAQ: FFIV)Wireless Telecommunications Group (NYSE:WTT)eGain Corporation (NASDAQ:EGAN)MaxLinear (NASDAQ:MXL) and Gilat Satellite Networks (NASDAQ: GILT).

The return of crypto? The rat race for cryptocurrencies is set to continue after Bitcoin (BTC-USD) and Ethereum (ETH-USD) continued to make outsized moves towards geopolitical events. Until now, cryptos have traded more with a sense of risk than being viewed by investors as a store of safe-haven value. Cryptos are also being watched amid speculation that Russia may be using Bitcoin to circumvent Western sanctions. Terra (LUBA-USD) and Solana (SOL-USD) posted the best one-week returns of the larger-cap cryptos.

Focus on sports betting: DraftKings (NASDAQ:DKNG) is planned to hold a virtual Investor Day event that could create ripples in the sports betting industry. The presentation will include updates on how DraftKings views the total addressable market based on the most recent data, market share information, and state profitability results. Analysts believe DraftKings (DKNG) could also dig into its strong contribution margins and issue an updated long-term adjusted EBITDA outlook. When investors last heard of DraftKings, management was geared towards profitability in the fourth quarter of fiscal 2023 and for the company to be close to breakeven in fiscal 2024.

Corporate events: It’s an eventful week for analysts/investors beyond the DraftKings. ADT (NYSE:ADT) is hosting an event on March 1, and Armstrong World Industries (NYSE: AWI)International Logitech (NASDAQ:LOGI) and cable one (NYSE: CABO) are all equally ready to notify investors on March 3. Another notable element of the calendar is that of Apple (NASDAQ:AAPL) Annual general meeting. Apple’s board recommends voting against a shareholder transparency proposal asking for clearer explanations of App Store app removals in response to government demands. Ahead of the meeting, influential proxy firm ISS said it had significant concerns about the design and scale of the amount of stock Apple gave to Tim Cook this year. The group has urged shareholders to vote against Tim Cook’s new compensation package. Check out some of the other events scheduled for next week that could lead to stock price movements in Seeking Alpha’s Catalyst Watch.

Conference schedule: Some of the notable conferences held during the week include Morgan Stanley Energy and Power Conference, Evercore ISI Industrial Conference, Berenberg Theme Software Conference, World Agriculture and Materials Bank Conference of America Securities 2022, Cowen Mobility Disrupt Conference, KBW Fintech Payments Conference and Susquehanna 11th Annual Technology Conference.

Information on mergers and acquisitions: Health Trust of America (NYSE: HTA) will hold a high-interest earnings call on March 1 with the company close to a deal to combine with rival Health Realty Trust (NYSE: HR). The go-shop period on the SOC Telemed (NASDAQ: TLMD) repurchase by Patient Square Capital expires March 4.

Mentions of Barron: Goodyear tire and rubber (NASDAQ: GT) is singled out as attractive after its post-earnings slump. The bullish case hinges on the theme that Goodyear is an industry leader that will benefit from its $2.8 billion merger with Cooper Tire & Rubber. The publication also identifies six stocks with high exposure in the United States as tensions rise in Europe. Evoca Water Technologies (NYSE: AQUA)Deere (NYSE:DE)American Water Works (NYSE:AWK)South (NYSE: N/A)CarMax (NYSE: KMX) and Constellation Brands (NYSE: STZ) make the list of high quality choices.

Sources: EDGAR, Bloomberg, CNBC, Reuters, Renaissance Capital

Editor’s Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these actions.

About Margie Peters

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