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Saturday, June 4, 2022

For Investors -- June 4, 2022

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.

All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.

From the "investors" tab, link here.

June 4, 2022: next week, stocks to watch --

  • Apple's WWDC
  • economic data to be reported:
  • headline inflation:
    • forecast, 8.2% y/y for May
    • forecast, 8.3% y/y for April
    • some see core CPI trickling down to 5.9% from 6.2 (after backing our energy, food)
  • reporting earnings next week: Campbell Soup, DocuSign
  • investor events: AMD, AAPL
  • FB disappears; replaced by META
  • dividend watch: Credit Suisse notes: IBM, CVX, KO, EMR, SWK, NEE, CL, SYY, MCD and CAT.

From that same link:

Apple WWDC preview

Apple (AAPL) will hold its Worlwide Developers Conference to expectations that updates to iOS/iPad OS, macOS, tvOS, and watchOS, and other software reveals will be made. 

Ahead of WWDC, the company teased an update to the Swift open-source programming language. 

Analysts think there is a chance of a "one more thing" hardware surprise, as well as a potential announcement of a NFL Sunday Ticket contract win. 

Looking ahead, Wedbush Securities analyst Dan Ives believes the tech giant is gearing up to bid on a number of upcoming sports packages besides the NFL that are coming up for contract/renewals in future years. 

Also of high interest, Morgan Stanley said there is the potential for Apple to tease its entrance into the mixed-reality headset market. 

What does WWDC mean for Apple shares? Over the last 10 years Apple has underperformed the S&P 500 by a median of 100 bps in the week after the event, but outperformed the S&P by 70 bps in the one month following the event.

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