Retail companies are in focus this week as Target (ticker: $TGT) and Costco (ticker: $COST) are expected to announce their earnings results this week. Emergency approval of Johnson & Johnson (ticker: $JNJ) single shot vaccine late last week is expected to dominate headlines early this week.
IPO Watch - Oscar Health
Oscar Health, a New York based online-focused health insurance provider is expected to go public this week on NYSE with ticker "OSCR". Oscar was co-founded by Joshua Kushner of Thrive Capital and Mario Schlosser (currently the CEO of the company) in 2012. The company
it is planning to raise about $1 billion at approximately $7 billion of market cap. A group of well-known investors - Tiger Global Management, Dragoneer Investment Group and Coatue Management LLC "
have indicated an interest in purchasing up to an aggregate of $125 million each (up to $375 million in the aggregate) in shares of our Class A common stock in this offering at the initial public offering price
" subject to a lock-up agreement.
Data Watch - Chinese EV Delivery
Chinese Electric Vehicle manufactures Li Auto (ticker: $LI), NIO (ticker: $NIO) and Xpenv (ticker: $XPEV) are expected to announce delivery data for February 2021 early this week. You can track delivery updates from these companies as they are available in the Press Releases widget on Unhedged's
EV & Autonomous View
Investor Events To Watch Out For:
March 1 - Logitech International (ticker: $LOGI) Investor Day
March 2 - Mark Papermaster, CTO of Advanced Micro Devices (ticker: $AMD) presents at Morgan Stanley TMT Conference
March 3 - ExxonMobil (ticker: $XOM) 2021 Investor Day
March 4 - Jason Kilar, CEO of WarnerMedia, an AT&T (ticker: $T) subsidiary, presents at Morgan Stanley TMT Conference
Key Earnings Announcements:
March 1 - NIO (ticker: $NIO), 3D Systems (ticker: $DDD), Zoom Video Communications (ticker: $ZM)