Investors will have their hands full next week with the release of the U.S. jobs report for September on Friday. Economists expect 140K job additions ...
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| | Welcome to the Sunday edition of Wall Street Breakfast, which previews events for investors to watch during the upcoming week. If you want to receive this a day earlier, follow Stocks to Watch and select the option to receive email notifications. Top News Anna Rose Layden/Getty Images News Investors will have their hands full next week with the release of the U.S. jobs report for September on Friday. Economists expect 140K job additions for the month and for the unemployment rate to keep steady at 4.2%.
The consumer sector will remain the in the spotlight, with the earnings calendar headlined by Nike's (NKE) earnings report on October 1. Carnival (CCL), Levi Strauss (LEVI), and Constellation Brands (STZ) also report.
Investors will also be watching China-focused stocks such as Dada Nexus (DADA), JD.com (JD), XPeng (XPEV), ZEEKR Intelligent (ZK), NIO (NIO), and Alibaba (BABA) after sizzling stimulus-fueled rallies over the last week. | | | | | Data Volatility watch: Options trading volume is elevated on Cassava Sciences ( SAVA) and ProKidney ( PROK). The most overbought stocks per their 14-day Relative Strength Index include Tectonic Therapeutic ( TECX), Capricor Therapeutics ( CAPR), and American Healthcare REIT ( AHR). The most oversold stocks per their 14-day Relative Strength Index include International Battery Metals ( OTCPK:IBATF), Autozi Internet Technology Global ( AZI), and Target Hospitality ( TH). Short interest is elevated on SoundHound AI ( SOUN) and Plug Power ( PLUG). | | IPOs IPO watch: FrontView REIT ( FVR) is expected to price its IPO and begin to trade next week. The Dallas-based company plans to raise $251 million and be valued at $508 million at the midpoint of its expected price range of $17 to $21. FrontView REIT is involved in acquiring, owning, and managing outparcel properties that are net leased to a diversified group of tenants. Aerospace engine aftermarket services company StandardAero ( SARO) and EV parts maker ZJK Industrial Co. ( ZJK) are also expected to start trading. StandardAero has filed to raise $100 million in an IPO, although the final figure could be higher. ZJK is raising $6.3M by offering 1.3 million shares at a price range of $4.00 to $6.00. | | In Case You Missed It ... | | Seeking Alpha's Wall Street Breakfast Podcast Seeking Alpha's Wall Street Breakfast podcast brings you all the news you need to know for your market day. Released by 8:00 AM ET each morning, it is a quick listen that you can put on as you get ready to start your working day. | | | | |
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