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Week Ahead May 24th 2021
An article by • Published May 27, 2021

Week Ahead: May 24th, 2021


The upcoming week is packed with earnings announcements from major companies such as NVIDIA (ticker:
$NVDA
) and Costco (ticker:
$COST
), technology IPOs and rebalance of MSCI Indices. NVIDIA will be in spotlight early this week as investors will digest the announcement of Four-for-One split of the stock on last Friday. Cryptocurrency prices were extremely volatile over the weekend, which might influence price action of Coinbase (ticker:
$COIN
) and Grayscale Bitcoin Trust (ticker:
$GBTC
) this week.  Rebalance of MSCI Indices After the close of trading on May 27th, the MSCI (ticker: $MSCI) Equity Indices are scheduled to be rebalanced according to the
May 2021 Index Review
announced on May 11th, 2021.  Notable additions to the indices include Sea Ltd (ticker:
$SE
), Palantir Technologies (ticker:
$PLTR
) and Liberty Broadband (ticker:
$LBRDA
).  Protip #1: Exchange Traded Fund (ETF) managers rely on indices from index providers such as MSCI for benchmarking or allocating weightage of a stock in the fund. Inclusion in a major index usually leads to more volume for a stock, which is why it is great idea to track rebalance of indices.  ​IPO Watch
FIGS. a direct-to-consumer (DTC) healthcare apparel brand, intends to 
raise $394 million at a $3.4 billion market cap
.
ZipRecruiter, an online employment marketplace, intends to go public via a
direct listing at over $3 billion market cap
.
Flywire, an enterprise focused payment processing platform, intends to
raise $200 million at a $2.6 billion market cap
.
Paymentus, an online bill payments platform, intends to 
raise $200 million at a $2.4 billion market cap
.
​ ​ Key Earnings Announcements:
May 24th - Lordstown Motors (ticker:
$RIDE
), Agora (ticker:
$API
)
May 25th - Zscaler (ticker:
$ZS
), Nordstrom (ticker:
$JWN
), Intuit (ticker:
$INTU
), AutoZone (ticker: $AZO)
May 26th - NVIDIA (ticker:
$NVDA
), Okta (ticker:
$OKTA
), Snowflake (ticker:
$SNOW
), American Eagle Outfitters (ticker:
$AEO
)
May 27th - Costco (ticker:
$COST
), Ulta Beauty (ticker:
$ULTA
), Salesforce.com (ticker:
$CRM
), Dollar General (ticker:
$DG
), Best Buy Co (ticker:
$BBY
)
May 28th - Big Lots (ticker:
$BIG
)

Investor Events To Watch Out For:
May 24th - Becton Dickinson & Co (ticker:
$BDX
) presents at UBS Global Healthcare Virtual Conference
May 25th - Micron Technology (ticker:
$MU
) presents at JPMorgan Global Technology, Media and Communications Conference
May 26th - ASML Holding NV (ticker:
$ASML
) presents at JPMorgan European Technology, Media & Telecoms CEO Conference
May 27th - Moderna (ticker:
$MRNA
) Science Day

Protip #2: We have created a 
portfolio on Unhedged
 that you can use to access quarterly earnings results, press releases, tweets, transcripts (for investor events and earnings) for all the companies mentioned in this newsletter in one place.
Major Economic Releases:
May 27th - U.S. GDP Growth Rate for second quarter 2021 from the Bureau of Economic Analysis
May 28th - Personal Income and Personal Spending for April 2021 from the Bureau of Economic Analysis