Catalyst Calendar - March 17, 2026 (EOD)

 ## Today's Catalyst Results How did scheduled events play out? - **DocuSign (DOCU)** - Q4 FY26 results showed billings topping $1 billion with momentum in Identity and Access Management (IAM). Market reaction was positive, supporting a modest gain in tech-related stocks. - **Titan America (TTA)** - Despite a record year, Q4 2025 earnings missed expectations, leading to a negative market reaction with the stock declining. - **Citi Trends (CTRN)** - Reported upbeat Q4 results, driving a strong rally with shares surging nearly 20%. This contributed to broader retail sector strength. - **Semtech (SMTC)** - Despite beating Q4 expectations and strong AI data center demand, shares fell sharply, reflecting investor concerns about datacenter inflection and legacy business pressures. - **Elbit Systems (ESLT)** - Q4 earnings beat by 32%, with a $2 billion quarterly milestone, leading to a 15.8% jump in shares amid rising defense demand linked to Middle East tensions. - **Lululemon (LULU)** - Q4 FY25 revenue beat but profitability pressures and weak guidance weighed on shares, which declined after hours. - **Uber (UBER)** - Shares climbed over 4% following expanded robotaxi partnership with Nvidia and Amazon, signaling strong growth prospects in autonomous ride services. - **Delta Air Lines (DAL)** and **American Airlines (AAL)** - Both raised revenue guidance amid strong demand despite surging fuel costs, leading to rallies of 6.6% and 3.5%, respectively. - **Western Digital (WDC)** - Stock hit an all-time high, up 9.5%, supported by strong demand outlook in AI memory markets. - **Micron Technology (MU)** - Advanced nearly 5% ahead of earnings, fueled by optimism on tight high-bandwidth memory (HBM) supply and AI demand. - **Amazon (AMZN)** - Gained 1.5% as analysts raised price targets on AWS AI and data center investments. - **Nvidia (NVDA)** - Slight decline of 0.5% despite positive AI chip leadership commentary, reflecting some profit-taking after recent gains. - **Gold (GLD)** - Held steady near $5,000 per ounce as traders balanced Fed rate-cut expectations with geopolitical risks. - **Oil (USO)** - Surged 3.1% to $118.61 on escalating Middle East conflict and supply concerns, supporting energy stocks. - **LyondellBasell (LYB)** - Presented at JPMorgan Industrials Conference; shares down 0.8% amid mixed market sentiment on chemicals sector. - **JPMorgan (JPM)** - Halted $5.3 billion Qualtrics debt deal citing AI-related demand chill, reflecting cautious credit markets. ## Surprise News Today Unexpected developments that moved markets: - **AGRO** - Shares surged 14.2% following strong Q4 earnings and acquisition news, outperforming peers in the agriculture sector. - **CTRN** - Citi Trends’ 20% rally on strong earnings was a notable standout in retail, surprising many investors. - **AP (Ampco-Pittsburgh)** - Plunged 20.6% after Q4 earnings call, reflecting operational challenges despite revenue growth. - **EONR** - Fell 31.1% on heavy volume after a sharp selloff linked to sector volatility amid energy price swings. - **TME (Tencent Music Entertainment)** - Dropped 24.1% after missing earnings and raising concerns about user growth, impacting Chinese tech sentiment. - **PSQH** - Jumped 16.8% on strong Q4 earnings, highlighting investor appetite for specialty healthcare plays. - **DCGO (DocGo)** - Rose 19.6% after Q4 earnings beat and positive outlook, signaling strength in healthcare services. - **TSAT (Telesat)** - Soared 20% on Q4 earnings and strategic updates, reflecting optimism in satellite communications. - **KRKR (Krystal Biotech)** - Surged 36.2% on Q4 earnings call, driven by promising clinical data and growth outlook. - **FLX (BingEx Limited)** - Jumped 22.9% after strong Q4 results, surprising investors in the AI-related tech sector. - **SEI (Solaris Energy Infrastructure)** - Reached all-time highs with a 10.9% gain on positive earnings and acquisition news. - **RXO (RXO, Inc.)** - Advanced 8.7% after JPMorgan Industrials Conference presentation, signaling investor interest in logistics infrastructure. - **WDC (Western Digital)** - Hit all-time highs, up 9.5%, driven by AI memory demand and supply constraints. - **SMTC (Semtech)** - Despite earnings beat, shares dropped 10.9%, illustrating investor skepticism on legacy business risks. - **Lilly (LLY)** - Fell 5.9% on FDA oral obesity pill decision and competitive pressures from Novo Nordisk, dampening sentiment in biotech. - **APG (APi Group)** - Fell 20.6%, a steep decline reflecting operational and earnings concerns. - **CANG (Cango)** - Fell 16.7% amid strategic pivot and bond offering news, raising investor caution. ## After-Hours Catalysts Earnings and events happening tonight: - **Micron Technology (MU)** - Earnings report expected; market is optimistic given recent stock advance and AI memory demand. - **Lululemon (LULU)** - Post-earnings guidance and CEO search updates to watch after weak outlook weighed on shares today. - **Semtech (SMTC)** - Further analyst commentary expected following mixed Q4 reaction. - **Telesat (TSAT)** - Additional details from Q4 earnings call to be released. - **DocuSign (DOCU)** - Follow-up on Q4 results and buyback program expansion. - **Uber (UBER)** - Monitor updates on robotaxi and autonomous vehicle partnerships. - **Delta Air Lines (DAL)** - Further insights from JPMorgan Industrials Conference presentation. - **Elbit Systems (ESLT)** - Additional commentary on defense demand linked to Middle East tensions. ## Tomorrow's Calendar Key events scheduled for tomorrow: - **Federal Reserve Meeting** - Time: Wednesday (exact time not specified) - Watch for: Interest rate decision and updated economic outlook amid Iran war and oil price surge. - **Producer Price Index (PPI)** - Time: Wednesday - Watch for: Inflation signals that could influence Fed policy stance. - **Crude Oil Inventories** - Time: Wednesday - Watch for: Supply-demand balance amid ongoing Middle East conflict. - **Micron Technology (MU) Earnings** - Time: After market close - Watch for: Revenue and margin guidance, AI memory demand commentary. - **Lululemon (LULU) Earnings Call** - Time: After market close - Watch for: Profitability outlook and strategic updates. - **Semtech (SMTC) Earnings Call** - Time: After market close - Watch for: AI data center demand trends and legacy business outlook. ## This Week Ahead Other catalysts coming this week: - Wednesday: Fed meeting and key economic data releases including PPI and crude oil inventories. - JPMorgan Industrials Conference presentations continue with companies like Delta, Elbit Systems, and others providing strategic updates. ## Highest Conviction Setup Based on today's action and upcoming catalysts: - Stock: **Micron Technology (MU)** - Catalyst: Upcoming Q4 earnings and strong AI-driven memory demand outlook. - Thesis: Micron’s stock has advanced nearly 5% ahead of earnings on tight HBM supply and AI growth, positioning it well to beat estimates and sustain momentum. The Fed meeting and inflation data will provide additional macro context, but Micron’s sector leadership and demand fundamentals make it a high-conviction play. --- The market showed resilience with modest gains in major indices despite geopolitical tensions and rising oil prices. Energy and defense stocks outperformed, while tech and retail showed mixed reactions to earnings. The Fed meeting tomorrow will be a key event, with investors focused on rate guidance amid inflation and geopolitical uncertainty. Micron stands out as a top setup given strong sector tailwinds and upcoming earnings.