Catalyst Watch: Kroger Earnings, Powell Speaks, Cisco Event, Ethereum PoS Test

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 - June 13

• All week - Options trading volume is elevated on Redbox Entertainment (RDBX) and Humanigen (HGEN). Skillz (SKLZ) and AppHarvest (APPH) are being closely watched with short interest on the stocks still at elevated levels.
• All week - The U.S. Supreme Court could rule on if it take up a Bayer AG (OTCPK:BAYRY) appeal of a California case linking the company's Roundup weedkiller to a type of cancer. The decision could clear the way for potentially billions of dollars in lawsuits or save the company a significant amount of legal costs and settlements.
• All week - The Oppenheimer Consumer Conference is set up as the biggest conference of the week with execs from Albertsons (ACI), BJ's Wholesale (BJ), Dollar General (DG), and Walmart (WMT) due to give the latest reads on consumer spending and margin trends. Other notable conference include the Wells Fargo 2022 Streaming & Connectivity Day Conference, Morgan Stanley US Financials Conference, Payments & CRE Conference, Goldman Sachs Global Healthcare Conference, Deutsche Bank Global Auto Industry Conference, and Berenberg Thematic Software Conference.
• All week - Cisco (CSCO) holds its Cisco Live IT event all week. The company typically announces new software and chip technology enhancements during Cisco Live. The event has also led to analyst upgrades in the past.
• All day - Splunk (SPLK) execs will be making appearances at the company's .conf22 event. Shares of Splunk (SPLK) have rallied in the past during the annual event when the company issued guidance updates.
• All day - NeoPhotonics Corporation (NPTN) will host a conference call entitled "The Quest for Chip-Scale Lidar" to discuss trends in optical and related technologies for Lidar and autonomous vehicles.
• 9:00 a.m. The New York Times Company (NYT) will host an Investor Day to highlight the company's strategy and new initiatives.
• 4:30 p.m. Century Therapeutics (IPSC) will host a virtual Research and Development Day.

Tuesday - June 14

• All day - Shareholders with Virgin Group Acquisition Corp. II (VGII) will meet to vote on approve the SPAC business combination with Grove Collaborative. Meanwhile shareholders with Corner Growth Acquisition Corp. 2 (TRON), Dune Acquisition Corporation (DUNE), Americas Technology Acquisition Corp. (ATA), and PMV Consumer Acquisition Corp. (PMVC) all meet to vote on extending their deadlines for a business combination.
• All day - OPEC will issue its monthly oil market report.
• All day - CMC Materials (CCMP)/Entegris (ENTG) - Entegris, which agreed to buy CMC for $6.5 billion in December, presents at the Nasdaq Investors Conference in London.
• 8:00 a.m. Affirm Holdings, Inc. (AFRM) CFO Michael Linford will participate in a shareholder fireside chat.
• 8:30 a.m. The Producer Price Report will arrive and is expected to show a surge of 0.8% in May. PPI is seen rising 8.6% year-over-year even after stripping out food and energy costs.
• 8:30 a.m. Abercrombie & Fitch (ANF) will be hosting an Investor Day event with presentations on corporate strategy and financial objectives.
• 11:00 a.m. KAR Auction Services (KAR) will host an investor update call. During the event, top execs will discuss the current market outlook and provide an in-depth review of KAR Global's strategic direction, operating model, financial performance and long-term roadmap.
• 11:45 a.m. TuSimple (TSP) will present at the Deutsche Bank Global Auto Industry Conference.
• 1:00 p.m. Snowflake (SNOW) will hold its Investor Day.

Wednesday - June 15

• All day - Belden Inc. (BDC) will hold its Investor Day with a detailed update on the company's strategy for creating shareholder value anticipated.
• All day - Samsara Inc. (IOT) will host an Investor Day event with top management.
• All day - Roblox (RBLX) will report key metrics for May.
• 8:30 a.m. The Retail sales report for May will drop. The sharp sequential drop in auto sales last month is expected to weigh on headline retail sales. Core retail sales are forecast to rise 0.5% month-over-month.
• 9:30 a.m. Faraday Future Intelligent Electric (FFIE) will present at the Deutsche Bank Global Auto Industry Conference.
• 11:40am: Pfizer (PFE) resenting at Goldman Sachs healthcare conf. PFE agreed to buy BioHaven (BHVN) for $11.6 billion last month.
• 12:20p.m. Bristol Myers (BMY) presenting at Goldman Sachs healthcare conf. BMY agreed to buy Turning Point (TPTX) for $4.1 billion in cash last week.
• 1:30 p.m. BRP Inc. (DOOO) will host a live webcast from Florida as part of its 2022 Investor and Analyst Day. Top execs will discuss BRP's current activities and present an update on its Mission 25 five-year plan and its related financial targets.
• 2:00 p.m. The FOMC will make its rate announcement. Economist expect a 50-point rate hike to be announced, with the real drama surrounding the Summary of Economic Projections and dot plot.
• 2:30 p.m. Federal Reserve Chairman Jerome Powell will hold a press conference.

Thursday - June 16

• All day - Ferrari (RACE) will present its industrial plan at a Capital Markets Day event. Shares of Ferrari have rallied in the past during the automaker's Capital Market Day presentation.
• Premarket - Kroger (KR) will disclose earnings in what will be a closely-watched report across the retail sector after guidance resets from majors like Target (TGT) rattled investors. Options trading is implying a move of 8% up or down after the Kroger numbers drop. Shares of Kroger rallied almost 12% the last time the grocery operator reported. Major suppliers Zevia PBC (ZVIA) and Vital Farms (VITL) have seen their shares prices trend very closely with Kroger on earnings day.
• 8:30 a.m. KLA Corporation (KLAC) will host an investor day event. Shares of KLA rallied more than 5% the last time the company held a similar event.
• 12:00 p.m. Ethereum (ETH-USD) founder Vitalik Buterin is scheduled to give a talk at the VIVA Technology Conference. The blockchain is close to making its much-anticipated transition from a proof-of-work mechanism to a proof-of-stake consensus algorithm in a development that some analysts think will solve the crypto issues of high transaction costs and ability to scale. The timing of when the new Ethereum network will go live is unknown.
• 12:10 p.m. Arrival (ARVL) will present at the Deutsche Bank Global Auto Industry Conference.
• 1p.m. - Federal Trade Commission hosting an open meeting with FTC Chair Lina Khan.

Friday - June 17

• All day - Watch for volatility in the markets with the simultaneous expirations of stock options, stock index futures, stock index options. Triple-witching days occur only four times a year and have seen above-average market swings over the last ten years.
• All day - Centene Corporation (CNC) will host an investor meeting with senior management scheduled to give a business update.
• All day - EJF Acquisition Corp. (EJFA) will hold a meeting to approve the SPAC deal with artificial intelligence fintech startup Pagaya Technologies. Pagaya, which is based in New York and Tel Aviv, operates an AI network to make financial transactions like lending and borrowing more efficient. The proposed business combination values Pagaya at a pro forma implied enterprise value of about $8.5B at closing.
• All day - The FDA's Psychopharmacologic Drugs Advisory Committee will meet review the resubmitted supplemental New Drug Application from Acadia Pharmaceuticals (ACAD)for pimavanserin for the treatment of hallucinations and delusions associated with Alzheimer’s disease psychosis.