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Week Ahead: March 29th 2021
An article by • Published Mar 31, 2021

Week Ahead: March 29th 2021

Suez Canal Authority (SCA) announced Ever Given, the giant container ship that had blocked Suez Canal, one of the world's most important shipping routes, since March 25th has now been successfully refloated. This good news will dial down drama in energy and shipping markets.

Over the weekend, multiple news outlets confirmed that crash in U.S. media stocks - ViacomCBS (ticker: $VIAC) and Discovery (ticker: $DISCA) as well as in Chinese Ed-tech company GSX Techedu (ticker: $GSX) was caused by forced liquidation at Bill Hwang's Archegos Capital. Investors will be closely tracking the market activity in the stocks involved in this situation. Earlier today, Unhedged Research published a note to make you more informed about it. We recommend you to check it out.

Market Holiday - April 2nd
It is Good Friday on Friday, April 2nd, so markets will be closed that day.

IPO Watch
Some major technology companies are going public this week:
Compass, an online real estate brokerage, intends to
raise $882 million at $12.5 billion market cap

Coursera, an online education platform, intends to
raise $495 million at $5.1 billion market cap

Kaltura, a video communications provider, intends to
raise $353 million at $2.2 billion market cap

Investor Events To Watch Out For:
March 30 - Nordson (ticker: $NDSN) Virtual Investor Day
March 31 - Kroger (ticker: $KR) Virtual Investor Conference
April 1 - 15th OPEC and non-OPEC Ministerial Meeting

Key Earnings Announcements:
March 30 - Lululemon Athletica (ticker: $LULU), Chewy (ticker: $CHWY)
March 31 - Micron Technology (ticker: $MU)
April 1 - CarMax (ticker: $KMX

Major Economic Events:
April 2 - Non-farm Payroll data for March 2021 from Bureau of Labor Statistics