Catalyst Watch: Tesla talks AI5 chips, Intel reports, and the Warner Bros. deal goes to a vote

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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 - APRIL 20

* VOLATILITY WATCH - Car rental stocks Avis Budget (CAR [https://seekingalpha.com/symbol/CAR]) and Hertz Global (HTZ [https://seekingalpha.com/symbol/HTZ]) are set up for another volatile week of trading based on options volume. The most overbought stocks per their 14-day relative strength index include Mega Fortune (MGRT [https://seekingalpha.com/symbol/MGRT]), Avanos Medical (AVNS [https://seekingalpha.com/symbol/AVNS]), and Willow Lane Acquisition (WLAC [https://seekingalpha.com/symbol/WLAC]). The most oversold stocks per their 14-day Relative Strength Index include PepGen (PEPG [https://seekingalpha.com/symbol/PEPG]), MiMedx (MDXG [https://seekingalpha.com/symbol/MDXG]), and WW International (WW [https://seekingalpha.com/symbol/WW]). Short interest is elevated on Lucid Group (LCID [https://seekingalpha.com/symbol/LCID]) and C3.ai (AI [https://seekingalpha.com/symbol/AI]) again.
* EARNINGS WATCH - Notable companies due to report include Steel Dynamics (STLD [https://seekingalpha.com/symbol/STLD]) and Wintrust Financial (WTFC [https://seekingalpha.com/symbol/WTFC]).
* DIVIDEND WATCH - Companies that have an ex-dividend date coming next week include Caterpillar (CAT [https://seekingalpha.com/symbol/CAT]), Dell Technologies (DELL [https://seekingalpha.com/symbol/DELL]), Lowe's Companies (LOW [https://seekingalpha.com/symbol/LOW]), and CVS Health (CVS [https://seekingalpha.com/symbol/CVS]).
* IPO WATCH - Convenience store chain Yesway (YSWY [https://seekingalpha.com/symbol/YSWY]), healthcare REIT National Healthcare Properties (HLTC [https://seekingalpha.com/symbol/HLTC]), and Elmet Group (ELMT [https://seekingalpha.com/symbol/ELMT]) are expected to price their IPOs and begin trading. The IPO lockup periods expire on blocks of shares of Charming Medical (MCTA [https://seekingalpha.com/symbol/MCTA]) and Bgin Blockchain (BGIN [https://seekingalpha.com/symbol/BGIN]). The quiet period ends on Ursb (URSB [https://seekingalpha.com/symbol/URSB]) to free up analysts to post ratings.
* IRAN WATCH - U.S. and Iranian officials are expected to meet for talks next week in Pakistan. The ceasefire is set to expire on April 21.
* ALL DAY - Tempus AI (TEM [https://seekingalpha.com/symbol/TEM]) will present research at the AACR annual meeting.
* ALL DAY - The three-day Adobe Summit will begin. Adobe (ADBE [https://seekingalpha.com/symbol/ADBE]) is expected to unveil major product and strategy updates. Analysts think the event will serve as a window into how the company is positioning its platform against broader AI adoption trends.

TUESDAY - APRIL 21

* EARNINGS WATCH - Notable companies due to report include GE Aerospace (GE [https://seekingalpha.com/symbol/GE]), UnitedHealth Group (UNH [https://seekingalpha.com/symbol/UNH]), RTX (RTX [https://seekingalpha.com/symbol/RTX]), Northrop Grumman (NOC [https://seekingalpha.com/symbol/NOC]), 3M Company (MMM [https://seekingalpha.com/symbol/MMM]), United Airlines (UAL [https://seekingalpha.com/symbol/UAL]), and Capital One (COF [https://seekingalpha.com/symbol/COF]). Options trading implies a double-digit swing for Equifax (EFX [https://seekingalpha.com/symbol/EFX]) after it reports.
* ALL DAY - WTI crude oil May futures expire amid a very volatile period for the oil market.
* ALL DAY - The Senate Banking Committee will hold a confirmation hearing for Kevin Warsh and his appointment to be the Federal Reserve chairman.
* 7:30 A.M. GE Aerospace (GE [https://seekingalpha.com/symbol/GE]) will hold its earnings call. Updates on GE's commercial engines/services growth, engine deliveries, supply chain execution, margin outlook, and guidance are anticipated. Options trading implies a 7% share price move after the release. Howmet Aerospace (HWM [https://seekingalpha.com/symbol/HWM]) is the stock with the tightest trading correlation to GE on earnings day.
* 8:30 A.M. The March Retail Sales report will be released by the U.S. Census Bureau.

WEDNESDAY - APRIL 22

* EARNINGS WATCH - Notable companies due to report include Tesla (TSLA [https://seekingalpha.com/symbol/TSLA]), Lam Research (LRCX [https://seekingalpha.com/symbol/LRCX]), Philip Morris (PM [https://seekingalpha.com/symbol/PM]), IBM (IBM [https://seekingalpha.com/symbol/IBM]), Texas Instruments (TXN [https://seekingalpha.com/symbol/TXN]), AT&T (T [https://seekingalpha.com/symbol/T]), Boeing (BA [https://seekingalpha.com/symbol/BA]), Moody's (MCO [https://seekingalpha.com/symbol/MCO]), Las Vegas Sands (LVS [https://seekingalpha.com/symbol/LVS]), and CSX (CSX [https://seekingalpha.com/symbol/CSX]). Options trading implies a double-digit swing for ServiceNow (NOW [https://seekingalpha.com/symbol/NOW]) after it reports.
* ALL DAY - The three-day Google (GOOG [https://seekingalpha.com/symbol/GOOG]) (GOOGL [https://seekingalpha.com/symbol/GOOGL]) Cloud Next event in Las Vegas will begin. The spotlight will be on the company's latest work in generative AI, infrastructure, and security, with a strong focus on practical product updates and developer tools.
* ALL DAY - Calix (CALX [https://seekingalpha.com/symbol/CALX]) will hold its Investor Day event.
* 4:00 P.M. Tesla (TSLA [https://seekingalpha.com/symbol/TSLA]) will hold its earnings conference call. Analysts expect updates on the robotaxi rollout, Optimus, the AI5 chip timeline, and the company's AI-capex plans. Options trading implies a 6% share price move after the report drops. Stocks that could be impacted by Elon Musk's presentation include Rivian (RIVN [https://seekingalpha.com/symbol/RIVN]), Lucid (LCID [https://seekingalpha.com/symbol/LCID]), General Motors (GM [https://seekingalpha.com/symbol/GM]), Ford (F [https://seekingalpha.com/symbol/F]), and even Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) and Taiwan Semi (TSM [https://seekingalpha.com/symbol/TSM]) based on the AI5 update.

THURSDAY - APRIL 23

* EARNINGS WATCH - Notable companies due to report include Intel (INTC [https://seekingalpha.com/symbol/INTC]), American Express (AXP [https://seekingalpha.com/symbol/AXP]), Union Pacific (UNP [https://seekingalpha.com/symbol/UNP]), Lockheed Martin (LMT [https://seekingalpha.com/symbol/LMT]), Comcast (CMCSA [https://seekingalpha.com/symbol/CMCSA]), and Baker Hughes (BKR [https://seekingalpha.com/symbol/BKR]). Options trading implies a double-digit swing for Appfolio (APPF [https://seekingalpha.com/symbol/APPF]) and Mobileye Global (MBLY [https://seekingalpha.com/symbol/MBLY]) after they report.
* ALL DAY - Shareholders with Warner Bros. Discovery (WBD [https://seekingalpha.com/symbol/WBD]) will vote on the buyout by Paramount (PSKY [https://seekingalpha.com/symbol/PSKY]).
* 9:10 A.M. Johnson & Johnson (JNJ [https://seekingalpha.com/symbol/JNJ]) will hold its annual meeting. Shareholders will vote on a say-for-pay proposal and an independent board chair proposal.
* 5:00 P.M. Intel (INTC [https://seekingalpha.com/symbol/INTC]) will hold its earnings call. Key topics will include updates on supply constraints, margin expectations, and AI-centric computing/data center demand. Options trading implies a 9% share price move after the earnings release.
* 8:00 P.M. The NFL draft will take place at Acrisure Stadium in Pittsburgh. Betting around the draft has exploded in just the last two years for DraftKings (DKNG [https://seekingalpha.com/symbol/DKNG]), FanDuel (FLUT [https://seekingalpha.com/symbol/FLUT]), and BetMGM (MGM [https://seekingalpha.com/symbol/MGM]) (GMVHF [https://seekingalpha.com/symbol/GMVHF]). This year, prediction markets Kalshi (KALSHI [https://seekingalpha.com/symbol/KALSHI]) and Polymarket (POLYMARKET [https://seekingalpha.com/symbol/POLYMARKET]) will be much more involved.

FRIDAY - APRIL 24

* EARNINGS WATCH - Notable companies due to report include Procter & Gamble (PG [https://seekingalpha.com/symbol/PG]), and Charter Communications (CHTR [https://seekingalpha.com/symbol/CHTR]).
* ALL DAY - The Beijing International Auto Show will begin. Domestic Chinese brands BYD (BYDDF [https://seekingalpha.com/symbol/BYDDF]), NIO (NIO [https://seekingalpha.com/symbol/NIO]), XPeng (XPEV [https://seekingalpha.com/symbol/XPEV]), and others will unveil new intelligent EVs that push energy density, charging speed, and driver-assistance capabilities. BMW (BAMXF [https://seekingalpha.com/symbol/BAMXF]), Mercedes-Benz (MBGAF [https://seekingalpha.com/symbol/MBGAF]), and Porsche (POAHY [https://seekingalpha.com/symbol/POAHY]) will also be participating.
* 10:00 A.M. The release of the University of Michigan survey for April will be closely watched by economists for the update on consumer sentiment.

_Seeking Alpha editor Josh Fineman contributed to this article._

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