The Week Ahead: Senate Weighs Sprint-T-Mobile Merger, Nike Earnings And A Slew Of IPOs

Below is a list of notable corporate events for the week beginning June 25. Note, this list is not comprehensive and all dates are subject to change. All times are ET.

Monday

Notable Earnings

• Carnival Corporation CCL Q2 premarket

FDA/Biotech

• Achaogen, Inc AKAO PDUFA date for Plazomicin. BZ NOTE: May 2 AdCom meeting voted in favor of cUTI (complicated UTI) indication but against treatment in patients with limited or no treatment options

Investor Events

• Baidu, Inc BIDU analyst/investor day

Tuesday
Conferences

• MongoDB, Inc MDB’s MongoDB World 2018 Event June 26-27

Notable Earnings

• Sonic Corp SONC Q3 after hours

FDA/Biotech

• DURECT Corporation DRRX and Pain Therapeutics, Inc PTIEhave FDA AdCom meeting for Remoxy (Durect granted Pain Therapeutics rights to develop/commercialize Remoxy). BZ NOTE: A CRL was issued by the FDA back on September 26, 2016

Investor Events

• Akamai Technologies, Inc AKAM analyst/investor day
• Pilgrim’s Pride Corporation PPC holding special shareholder meeting
• Gladstone Investment Corporation GAIN holding business update call
• Starbucks Corporation SBUX founder Howard Schultz officially steps down as Chairman
• Pluralsight, Inc PS analyst IPO quiet period expires, watch for new sell-side initiations; IPO quiet period for insiders also expires

Wednesday
Economics

• U.S. durable goods new orders 8:30 a.m.
• EIA crude oil inventories expected 10:30 a.m.

Conferences

• Mobile World Congress Shanghai 2018 June 27-29

Notable Earnings

• General Mills, Inc GIS Q4 premarket
• Bed Bath & Beyond Inc BBBY Q1 after hours

IPOs

• Neon Therapeutics (NTGN)
• Uxin Ltd (UXIN)

FDA/Biotech

• GW Pharmaceuticals GWPH PDUFA date for Epidiolex in LG syndrome and Dravet syndrome (Editor's note: The FDA approved the drug on on Monday, June 25)

Legal

• Senate Judiciary Committee holds hearing on competitive impact of Sprint Corporation S and T-Mobile US, Inc TMUS merger
• Apple Inc AAPL CEO Tim Cook to be deposed by lawyers from QUALCOMM Incorporated QCOM related to the two companies’ ongoing litigation

Investor Events

• Analyst/investor days for MannKind Corporation MNKD and Lear Corporation LEA
• Chipotle Mexican Grill, Inc CMG holding business update call on HQ relocation

Thursday
Economic

• U.S. initial jobless claims 8:30 a.m.
• EIA natural gas inventories 10:30 a.m.
• Second round of U.S. bank stress tests results due 4:30 p.m.; watch for financial stock volatility, capital return announcements

Conferences

• European Union Summit June 28-29
• 16th Annual Hedge Fund Industry Awards

Notable Earnings

• Walgreens Boots Alliance, Inc WBA Q3 premarket
• Conagra Brands, Inc CAG Q4 premarket; being the subject of recent speculation it’s interested in acquiring Pinnacle Foods Inc PF, watch for discussion on the conference call
• NIKE, Inc NKE Q4 after hours

IPOs

• BJ’s Wholesale Club Holdings (BJ)
• BrightView Holdings (BV)
• EverQuote (EVER)
• Forty Seven (FTSV)
• GoodBulk Ltd (GBLK)
• HyreCar (HYRE)
• Neruonetics (STIM)
• Translate Bio (TBIO)
• Tricida (TCDA)

Investor Events

• Biogen Inc BIIB holding business update call
• Analyst/investor days for: Sempra Energy SRE, McKesson Corporation MCK and TransDigm Group Incorporated TDG
• Under Armour, Inc UAA expects new shipment of Dwayne ‘The Rock’ Johnson’s ProjectRock1 shoes in stores; First limited run release sold out in 30 minutes

Friday
Economics

• Umich consumer sentiment index 10 a.m.
• Baker Hughes oil rig counts 1 p.m.

IPOs

• Domo (DOMO)