Catalyst Watch: Nvidia blockbuster, PMIs, GTA 6 watch, and the Apple Store turns 25

[Skyline of Lower Manhattan]
Art Wager

Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Read more about the events that may impact stock prices next week.

MONDAY - MAY 18

* VOLATILITY WATCH - Intel (INTC [https://seekingalpha.com/symbol/INTC]) and Ondas (ONDS [https://seekingalpha.com/symbol/ONDS]) are set up for another volatile week of trading based on options volatility. The most overbought stocks per their 14-day relative strength index include Robo.ai (AIIO [https://seekingalpha.com/symbol/AIIO]), Bandwidth (BAND [https://seekingalpha.com/symbol/BAND]), and Vishay Precision (VPG [https://seekingalpha.com/symbol/VPG]). The most oversold stocks per their 14-day Relative Strength Index include SunCar (SDA [https://seekingalpha.com/symbol/SDA]), EPAM Systems (EPAM [https://seekingalpha.com/symbol/EPAM]), and Zoetis (ZTS [https://seekingalpha.com/symbol/ZTS]). Short interest is elevated on PureCycle Technologies (PCT [https://seekingalpha.com/symbol/PCT]) and Sunrun (RUN [https://seekingalpha.com/symbol/RUN]) again.
* EARNINGS WATCH - Notable companies due to report include Baidu (BIDU [https://seekingalpha.com/symbol/BIDU]).
* DIVIDEND WATCH - Companies that have an ex-dividend date coming next week include Carnival Corporation (CCL [https://seekingalpha.com/symbol/CCL]), Chevron (CVX [https://seekingalpha.com/symbol/CVX]), Alcoa (AA [https://seekingalpha.com/symbol/AA]), and Valero Energy (VLO [https://seekingalpha.com/symbol/VLO]).
* INDE UPDATES - Lumentum Holdings (LITE [https://seekingalpha.com/symbol/LITE]) will be officially added to the Nasdaq 100 Index. SharkNinja (SN [https://seekingalpha.com/symbol/SN]) will jump to the S&P MidCap 400 Index, replacing Flowers Foods (FLO [https://seekingalpha.com/symbol/FLO]), which is simultaneously moving into the S&P SmallCap 600.
* IPO WATCH - Investment bank Lincoln International (LCLN [https://seekingalpha.com/symbol/LCLN]) is expected to price its IPO during the week and begin to trade. The quiet periods expire for Yesway (YSWY [https://seekingalpha.com/symbol/YSWY]), X-Energy (XE [https://seekingalpha.com/symbol/XE]), Elmet Group (ELMT [https://seekingalpha.com/symbol/ELMT]), and National Healthcare Properties (NHP [https://seekingalpha.com/symbol/NHP]) to free up analysts to post ratings. SpaceX's (SPACE [https://seekingalpha.com/symbol/SPACE]) IPO prospectus could be released during the week.
* ALL WEEK - Dell Technologies World 2026 will begin in Las Vegas, Nevada. The conference will feature keynote addresses from Dell (DELL [https://seekingalpha.com/symbol/DELL]) management and will also include a presentation from NVIDIA (NVDA [https://seekingalpha.com/symbol/NVDA]) CEO Jensen Huang.
* ALL DAY - The two-day GamesBeat Summit will feature updates from entertainment and technology executives.
* ALL DAY - The three-day J.P. Morgan Global Technology, Media, and Communications Conference will begin. IBM (IBM [https://seekingalpha.com/symbol/IBM]), CoreWeave (CRWV [https://seekingalpha.com/symbol/CRWV]) and Mastercard (MA [https://seekingalpha.com/symbol/MA]) are among the notable companies presenting.

TUESDAY - MAY 19

* EARNINGS WATCH - Notable investor events include Home Depot (HD [https://seekingalpha.com/symbol/HD]), Toll Brothers (TOL [https://seekingalpha.com/symbol/TOL]), CAVA Group (CAVA [https://seekingalpha.com/symbol/CAVA]), and Amer Sports (AS [https://seekingalpha.com/symbol/AS]). Options trading implies double-digit swings for Hesai (HSAI [https://seekingalpha.com/symbol/HSAI]) and Canaan (CAN [https://seekingalpha.com/symbol/CAN]) after their reports are released.
* INDEX UPDATES - F&G Annuities & Life (FG [https://seekingalpha.com/symbol/FG]) will be added to the S&P SmallCap 600 to replace Mister Car Wash (MCW [https://seekingalpha.com/symbol/MCW]).
* ALL DAY - It is the 25th anniversary of the opening of the first Apple (AAPL [https://seekingalpha.com/symbol/AAPL]) store.
* ALL DAY - Vertiv (VRT [https://seekingalpha.com/symbol/VRT]) will hold a two-day investor conference to provide updates on the company's strategic initiatives, latest innovations, financial outlook, and overall market trends.
* ALL DAY - Shareholders of Two Harbors Investment (TWO [https://seekingalpha.com/symbol/TWO]) are scheduled to meet to vote on the highly contested merger agreement with CrossCountry Mortgage.
* ALL DAY - Alphabet (GOOG [https://seekingalpha.com/symbol/GOOG]) (GOOGL [https://seekingalpha.com/symbol/GOOGL]) will hold its annual Google I/O developer conference in Mountain View, California. The conference will showcase Google's latest AI breakthroughs and product updates across the company, including Gemini, Android, and other technologies, with keynote addresses from Google leaders.
* 1:00 P.M. Expedia Group (EXPE [https://seekingalpha.com/symbol/EXPE]) will webcast the general opening session of Explore 26, which is its annual partner event where the company will share innovations focused on improving the complete travel experience.

WEDNESDAY - MAY 20

* EARNINGS WATCH - Notable companies due to report include Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]), Analog Devices (ADI [https://seekingalpha.com/symbol/ADI]), TJX Companies (TJX [https://seekingalpha.com/symbol/TJX]), Lowe's (LOW [https://seekingalpha.com/symbol/LOW]), and Target (TGT [https://seekingalpha.com/symbol/TGT]). Options trading implies double-digit swings for e.l.f. Beauty (ELF [https://seekingalpha.com/symbol/ELF]) and Aevex (AVEX [https://seekingalpha.com/symbol/AVEX]) after their reports are released.
* ALL DAY - Notable events include the Sohn Hong Kong Investment Leaders Conference in Hong Kong, Citigroup's (C [https://seekingalpha.com/symbol/C]) annual meeting, Amazon's (AMZN [https://seekingalpha.com/symbol/AMZN]) annual meeting, and the B. Riley Securities Investor Conference.
* ALL DAY - IEA will publish its Global EV Outlook report.
* ALL DAY - Circana will release U.S. video game sales results for the period covering April 5 to May 2.
* 2:00 P.M. The Federal Reserve will release the minutes from its last meeting.
* 5:00 P.M. Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) will hold its earnings conference call. Analysts expect the focus on the call will be data center performance, hyperscaler and sovereign AI capex visibility, and management’s commentary on AI compute demand. Options trading implies a 6% share price move for Nvidia after the report drops. Stocks that have been jolted in the past during Nvidia's update include AMD (AMD [https://seekingalpha.com/symbol/AMD]), Intel (INTC [https://seekingalpha.com/symbol/INTC]), Super Micro Computer (SMCI [https://seekingalpha.com/symbol/SMCI]), and Broadcom (AVGO [https://seekingalpha.com/symbol/AVGO]). Major Nvidia suppliers Fabrinet (FN [https://seekingalpha.com/symbol/FN]) and Astera Labs (ALAB [https://seekingalpha.com/symbol/ALAB]) will also be on watch.

THURSDAY - MAY 21

* EARNINGS WATCH - Notable companies due to report include Walmart (WMT [https://seekingalpha.com/symbol/WMT]), Deere (DE [https://seekingalpha.com/symbol/DE]), Ross Stores (ROST [https://seekingalpha.com/symbol/ROST]), Take-Two Interactive (TTWO [https://seekingalpha.com/symbol/TTWO]), NIO (NIO [https://seekingalpha.com/symbol/NIO]), Workday (WDAY [https://seekingalpha.com/symbol/WDAY]), and Ralph Lauren (RL [https://seekingalpha.com/symbol/RL]). Options trading implies a double-digit swing for Lionsgate (LION [https://seekingalpha.com/symbol/LION]) and Advance Auto Parts (AAP [https://seekingalpha.com/symbol/AAP]) after they report.
* ALL DAY - Flash PMIs for economies around the world will give investors a chance to assess the economic impact of the Middle East conflict.
* ALL DAY - Notable events include Stellantis' (STLA [https://seekingalpha.com/symbol/STLA]) Investor Day, Amkor's (AMKR [https://seekingalpha.com/symbol/AMKR]) Investor Day, Cummins' (CMI [https://seekingalpha.com/symbol/CMI]) Analyst Day, Badger Meter's (BMI [https://seekingalpha.com/symbol/BMI]) Investor Day, and Tenable's (TENB [https://seekingalpha.com/symbol/TENB]) Investor Day.
* 8:30 A.M. The Philadelphia Fed Index report will be released. Economists will be watching to see if the index stays in expansionary territory.
* 4:30 P.M. Take-Two Interactive (TTWO [https://seekingalpha.com/symbol/TTWO]) will hold its earnings call. The stock could be volatile amid growing speculation that the company will release a new trailer for Grand Theft Auto 6 during the week and allow retailers to start taking pre-orders. Options trading implies a post-earnings move of more than 9%.

FRIDAY - MAY 22

* EARNINGS WATCH - Notable companies due to report include BJ's Wholesale (BJ [https://seekingalpha.com/symbol/BJ]).
* ALL DAY - FTSE Russell will publish the preliminary lists of companies that are slated to be added to or removed from the Russell indexes, based on their market capitalizations and other eligibility criteria. Stocks slated for addition often see increased demand, while those facing deletion may experience selling pressure.

_Seeking Alpha Editor Josh Fineman contributed to this article._

MORE ON THE MARKETS

* Summer Stock Plunge? I'm 99% Convinced A Major Recession Is Coming, Let Me Convince You [https://seekingalpha.com/article/4905216-summer-stock-plunge-im-99-percent-convinced-a-major-recession-is-coming-let-me-convince-you]
* The Hindenburg Omen Flashes A Warning Sign [https://seekingalpha.com/article/4905184-hindenburg-omen-flashes-warning-sign]
* How To Build A $6,300/Mo Income Using Nuveens's 7.61% Yielding 37 CEFs [https://seekingalpha.com/article/4905136-how-to-build-a-6300mo-income-using-nuveenss-7-61-percent-yielding-37-cefs]
* SOX rally rivals Mississippi, dot-com manias as BofA warns on June [https://seekingalpha.com/news/4593855-sox-rally-rivals-mississippi-dot-com-manias-as-bofa-warns-on-june]
* Wall Street rally masks rising number of oversold S&P 500 stocks [https://seekingalpha.com/news/4593819-wall-street-rally-masks-rising-number-of-oversold-s-and-p-500-stocks]