Catalyst Calendar - April 02, 2026 (EOD)

 ## Today's Catalyst Results How did scheduled events play out? - **Booking Holdings (BKNG)** - Completed a 25-for-1 stock split and increased authorized shares. This corporate action was well received, supporting a modest 0.27% gain in the stock to $4,196.00. The split improves liquidity and may attract retail investors. - **Starbucks (SBUX)** - Announced bonuses and expanded tipping to promote turnaround efforts. Despite these initiatives, the stock was essentially flat, closing at $90.46 (+0.03%), indicating the market remains cautious on the turnaround's near-term impact. - **Lamb Weston (LW)** - Reported strong Q3 earnings and raised sales guidance, but analysts cut forecasts. The stock gained 2.26% to $39.35, reflecting mixed sentiment between solid results and cautious outlook revisions. - **Tesla (TSLA)** - Reported first-quarter vehicle deliveries of 358,000, down 14% from last quarter, missing estimates. The stock fell 5.21% to $361.38, reflecting investor disappointment amid intensifying competition and tax credit expiry concerns. - **Intel (INTC)** - Stock surged 4.56% to $50.22 on strong investor enthusiasm ahead of earnings, supported by a $14.2 billion fab stake repurchase and positive AI-related growth expectations. - **Micron Technology (MU)** - Fell 0.74% to $365.14 after Citi cut its price target, reflecting concerns over cash flow despite ongoing memory demand. - **Acuity Brands (AYI)** - Dropped 7.52% to $265.39 despite beating EPS estimates, as revenue missed and margin pressures weighed on sentiment. - **Cardlytics (CDLX)** - Jumped 13.00% to $1.13 after CEO stock sale disclosures, possibly indicating confidence in stock valuation or liquidity moves. - **AirSculpt Technologies (AIRS)** - Surged 14.29% to $3.12 after beating Q4 EPS forecasts, signaling strong operational momentum. - **Dell (DELL)** - Rose 2.95% to $174.37 on raised price targets and optimism around AI server demand. ## Surprise News Today Unexpected developments that moved markets: - **Globalstar (GSAT)** - Shares jumped to a 52-week high of $76.15 after reports that Amazon is in talks to acquire the satellite communications company. This potential deal could reshape satellite connectivity and boost GSAT's valuation. - **Blue Owl Capital (BLO)** - Shares fell sharply after capping redemptions in two private credit funds amid investor outflows, highlighting stress in private credit markets and raising concerns about liquidity in alternative assets. - **SpaceX** - Bloomberg and Reuters report SpaceX is targeting a $2+ trillion valuation in an upcoming IPO, with Saudi PIF considering a $5 billion anchor investment. This could be the largest IPO ever, significantly impacting tech and space sectors. - **Trump's Iran War Speech** - President Trump threatened to escalate military actions against Iran over the next 2-3 weeks, causing oil prices to surge over 11% (USO at $138.87) and rattling markets with renewed geopolitical risk. This has led to risk-off sentiment in equities despite a resilient S&P 500. - **Pagaya Technologies (PGY)** - CFO sold $147k in shares, a notable insider move amid rising AI lending platform expectations. - **American Well (AMWL)** - Board member Peter Slavin announced resignation, adding uncertainty to the telehealth provider's governance. - **Beyond Meat (BYND)** - Entered a multi-year pea protein supply agreement with Roquette, aiming to secure raw materials amid fluctuating demand. ## After-Hours Catalysts Earnings and events happening tonight: - **Acuity Brands (AYI)** - Q2 2026 earnings call expected; watch for margin trends and guidance after recent EPS beat but revenue miss. - **AngioDynamics (ANGO)** - Q3 2026 earnings call; recent 12.9% stock drop suggests investors will focus on growth outlook and profitability. - **Lamb Weston (LW)** - Q3 2026 earnings call; after strong Q3 results and raised guidance, the market will seek confirmation of sustained momentum. - **AirSculpt Technologies (AIRS)** - Q4 2025 earnings call; strong EPS beat today, further details on growth drivers will be key. - **Cardlytics (CDLX)** - CEO stock sales reported; Q4 earnings call will be scrutinized for growth and margin commentary. - **Ferguson (FERG)** - Q4 2025 earnings call; recent 1.67% decline may reflect concerns over margin pressure or macro environment. - **Miniso Group Holding (MNSO)** - Q4 2025 earnings call; watch for revenue and margin trends amid recent 1.77% stock decline. - **Truist Financial (TFC)** - Earnings call expected; recent 0.96% stock gain reflects positive sentiment on margin expansion. - **Coterra Energy (CTRA)** and **Devon Energy (DVN)** - Cleared antitrust waiting period for merger; watch for integration plans and synergy targets. ## Tomorrow's Calendar Key events scheduled for tomorrow: - **March Jobs Report** - Time: Friday (exact time not specified) - Watch for employment growth, unemployment rate, and wage inflation data to gauge economic momentum and Fed policy outlook. - **WAFD Inc.** - Q2 earnings release and conference call scheduled; investors will focus on loan growth and credit quality. - **Tesla (TSLA)** - Market reaction to Q1 delivery miss will continue to unfold; watch for analyst commentary and any company updates on production or guidance. - **Netflix (NFLX)** - After recent price hikes, watch for subscriber growth and revenue outlook in upcoming earnings. ## This Week Ahead Other catalysts coming this week: - No additional specific dated events mentioned beyond tomorrow and after-hours earnings. ## Highest Conviction Setup Based on today's action and upcoming catalysts: - Stock: **Booking Holdings (BKNG)** - Catalyst: Completed 25-for-1 stock split and increased authorized shares, combined with strong travel demand recovery. - Thesis: The stock split enhances liquidity and accessibility for retail investors, while the travel sector's rebound supports earnings growth. BKNG's modest gain today despite broader market volatility suggests resilience and potential for further upside as travel normalizes. Watch for continued strength in bookings and margin expansion in upcoming earnings. --- Today's market showed resilience in major indices despite geopolitical tensions and oil price spikes. Energy and select tech stocks led gains, while delivery misses and margin concerns pressured some growth names. The SpaceX IPO buzz and Amazon-Globalstar talks highlight ongoing tech and infrastructure themes. Investors should monitor tomorrow's jobs report and after-hours earnings for further directional cues.