J.K.K.

Week of June 22nd, 2015

MARKET OUTLOOK
Weekend News

Anthem (ANTM) proposed to acquire Cigna (CI) for $184/share or $53.80B. Cigna rejected the Anthem bid,
calling it inadequate.
Aetna (AET) has made a takeover proposal to Humana (HUM)
Williams Companies (WMB) has rejected an unsolicited buyout offer worth $48B but is open to other
offers. It was reported that Energy Transfer Equity (ETE) was the bidder.
Telus (TU) and Rogers Communications (RCI) are both close to buying wireless carrier Mobilcity.
A senior Macau government official calls for the lowest monthly revenue tally for the gambling region.
Nielsen (NLSN) has hired a banker to explore selling its movie tracking division.
Neos Therapeutics (NEOS) files for a $69M IPO
Coal MLP Bowie Resource Partners (BRLP) files for a $100M IPO
Live Oak Bancshares refiles (LOB) refiles for a $86M IPO

Earnings Central
Here are some of the major companies reporting this week. For a complete calendar, be sure to follow Tom
Wrigley @TomWrigley.
Symbol
SONC
BBRY
CCL
DRI
LEN
MON
APOG
BBBY
WOR
BKS
LNN

Company
Sonic Corp.
BlackBerry
Carnival Cruise
Darden Restaurants
Lennar
Monsanto
Apogee Enterprises
Bed Bath & Beyond
Worthington Industries
Barnes & Noble
Lindsay Corporation

WGO
MU

Winnebago Industries
Micron Technology

NKE

Nike

FINL

Finish Line

Industry
Restaurants
Communication Services
Resorts & Casinos
Restaurants
Residential Construction
Agricultural Chemicals
General Building Materials
Home Furnishing Stores
Steel & Iron
Specialty Retail
Farm & Construction
Machinery
Recreational Vehicles
Semiconductor Memory
Chips
Apparel Footwear &
Accessories
Specialty Retail

Earnings Date
Monday AMC
Tuesday BMO
Tuesday BMO
Tuesday BMO
Wednesday BMO
Wednesday BMO
Wednesday AMC
Wednesday AMC
Wednesday AMC
Thursday BMO
Thursday BMO
Thursday BMO
Thursday AMC
Thursday AMC
Friday BMO

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Earnings & Options

rd

Tuesday June 23 Before the Open

Carnival Cruise (CCL):

The July 48 Calls were bought for 1.25 on 6/8/2015

th

Wednesday June 24 After the Close

Bed Bath & Beyond (BBBY):

The August 67.5 Puts were first opened on 5/12/2015 for 2.24.
A 1x2 Put Ratio Spread was placed on 5/14/2015 3000x 6000.
Another 3000x6000 Put Ratio Spread was placed on 5/28/2015.
In its last earnings release, the company came in lower on EPS and Revenue.

th

Thursday June 25 Before the Open

Winnebago Industries (WGO):

The July 17.5 Calls were bought for 3.10 on 6/8/2015.

th

Friday June 26 Before the Open

Finish Line (FINL):

The July 25 Puts were bought for 0.85 on 6/17/2015

IPO Schedule (subject to change)

Ritter Pharmaceuticals (RTTR) Develops novel therapeutic products that modulate the human gut microbiome
to treat gastrointestinal diseases. Expected to Trade on Wednesday.
Catabasis Pharmaceuticals (CATB) Clinical-stage biopharmaceutical company focused on the discovery,
development, and commercialization of novel therapeutics on our SMART linker technology platform. Expected
to Trade on Thursday.
CNX Coal Resources (CNXC) MLP recently formed by CONSOL Energy to manage and further develop all of its
active thermal coal operations in Pennsylvania. Expected to Trade on Thursday.
Gener8 Maritime (GNRT) A leading U.S.-based provider of international seaborne crude oil transportation
services. Expected to Trade on Thursday.

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Glaukos (GKOS) An ophthalmic medical technology company focused on the development and
commercialization of breakthrough products and procedures designed to transform the treatment of glaucoma.
Expected to Trade on Thursday.
Lantheus Holdings (LNTH) A global leader in developing, manufacturing, selling, and distributing innovative
diagnostic medical imaging agents and products that assist clinicians in the diagnosis of cardiovascular and other
diseases. Expected to Trade on Thursday.
Milacron Holdings (MCRN) A global leader in the manufacture, distribution, and service of highly engineered
and customized systems within the $27B plastic technology and processing industry. Expected to Trade on
Thursday.
TransUnion (TRU) A leading global risk and information solutions provider. Expected to Trade on Thursday.
Wayne Farms (WNFM) The sixth largest integrated producer and processor or broiler chickens in the United
States. Expected to Trade on Thursday.
Alarm.com Holdings (ALRM) The leading platform solution for the connected home. Expected to Trade on
Friday.
AppFolio (APPF) Provides industry-specific, cloud-based software solutions for SMBs in the property
management and legal industries. Expected to Trade on Friday.
Green Plains Partners (GPP) A Delaware limited partnership recently formed by Green Plains to own, operate,
develop, and acquire ethanol and fuel storage tanks, terminals, transportation assets, and other related assets
and businesses. Expected to Trade on Friday.
Seres Therapeutics (MCRB) A microbiome therapeutics platform company developing a novel class of
biological drugs. Expected to Trade on Friday.
Xactly (XTLY) A leading provider of enterprise-class, cloud-based, incentive compensation solutions for
employee and sales performance management. Expected to Trade on Friday.

Conferences

rd.

JPM Securities Life Sciences Conference starts on June 23

rd
Jefferies 2015 Consumer Conference starts on June 23 .
rd
Oppenheimer Consumer Conference starts on June 23 .
th
ROTH Healthcare Corporate Access Day starts on June 24 .
th
2015 Big Data Analytics Conference starts on June 24 .
th
CE Week 2015 starts on June 24 .
th
Morningstar Investment Conference starts on June 24 .
th
Cloud World Forum starts on June 24 .
th
SINET Innovation Summit starts on June 25 .

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Investor Meetings

Monday: Gannett (GCI)

Tuesday: Altria (MO)
Wednesday: Red Hat (RHT), Signet Jewelers (SIG)
Thursday: Exact Sciences (EXAS), Gogo (GOGO)

Other

Barrons Highlights over the weekend:

o Airline Stocks (American Airlines: AAL is their top pick)
o Merck (MRK)
o Nintendo (NTDOY)
o HCA Holdings (HCA)
o Raven Industries (RAVN)
o Opko Health (OPK)

Commodity Calendar

Crop Progress Report Monday

o Corn (ZC_F, CORN)
o Soybeans (ZS_F, SOYB)
API Energy Stocks Tuesday
o WTI Crude Oil (CL_F, USO)
o Gasoline (RB_F, UGA)
EIA Petroleum Status Wednesday
o WTI Crude Oil (CL_F, USO)
EIA Natural Gas Storage Thursday
o Natural Gas (NG_F, UNG)
Hogs & Pigs Report Friday
o Lean Hogs (HE_F, COW)

Economic Calendar (major events)

Existing Home Sales 6/22/2015

Durable Goods 6/23/2015
New Home Sales 6/23/2015

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Gross Domestic Product 6/24/2015

Personal Consumption 6/24/2015
Personal Income 6/25/2015
Personal Spending 6/25/2015
Initial Jobless Claims 6/25/2015
University of Michigan Confidence 6/26/2015

No major events

Euro-Zone Consumer Confidence 6/22/2015

No major events

Bank of Japans Monthly Economic Report for June 6/22/2015

Bank of Japan May 21-22 Meeting Minutes 6/23/2015
Small Business Confidence 6/24/2015
Jobless Rate 6/25/2015
Household Spending 6/25/2015
National Consumer Price Index 6/25/2015

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No major events

Trade Balance 6/25/2015

No major events

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