What a year it has been. The traditional 60/40 stock/bond portfolio is pacing for its worst year since 1920, according to Bank of America. Interest rates have shot up, the U.S. dollar has soared to 22-year highs, and fears of both an economic and earnings recession grip Wall Street.
What’s strange, though, is that there have been mixed signals from major corporations as to the strength of the consumer and overall business outlook as we head into the most important quarter for firms’ bottom lines.
Conferences and company gatherings often provide valuable insights via not only spoken words by company management teams, but also non-verbal cues at these in-person events. This season’s tone might not be so optimistic. Recently, The Conference Board reported that CEO Confidence dropped for a fifth consecutive quarter in Q3 to a level not seen since the depths of the COVID-19 crisis.
Wall Street Horizon provides accurate, forward-looking investor conference and events data so institutional investors and traders can make evidence-based decisions with their money.
A Busy October and November
As you might imagine, the fourth quarter is first-half loaded with key conferences while the holidays during the back-half feature fewer events. October through mid-November is the critical stretch, and that coincides with earnings season. As if the next month and a half was not littered with enough market-moving news with earnings to the Fed to the U.S. mid-term elections, conferences will provide yet another volatility catalyst.
Our data show the peak week in fact follows the November 8 election day. We should know much more by then as the bulk of the Q3 reporting season will have passed as well.
Corporate Events Spike in Mid-November, Then Tail Off into the Holidays
Source: Wall Street Horizon
Questions to Ponder
Investors and analysts will be on the edge of their seats to hear the latest words on how companies are handling elevated market volatility and a new interest rate regime. Here are just a handful of key questions we all hope to have more light shed on this quarter:
- How do firms plan to cope with 15-year highs in borrowing costs after a decade of the Fed’s quantitative easing?
- What do the euro below parity with the dollar, dollar-yen near 25-year highs, and a volatile British pound mean for multinational companies? How will that impact profits?
- What consumer trends are apparent now that Americans are clearly spending down more than $2 trillion of excess savings built up during the pandemic? Is there a trade-down effect? Are the wealthier consumers, who do most of the discretionary spending, faring better?
- Are geopolitical risks still a top concern now that commodity prices have eased and supply chains appear to be on the mend?
- Will Europe be able to weather astronomical energy prices as winter approaches?
- How do executives see the global economy playing out? Is a recession a sure thing? Are big-time job cuts on the way? Are buybacks and dividends still a priority?
- What can make CEOs happier? Put another way, what could go right in the year ahead?
Here are the big conferences to watch to wrap up 2022:
Information Technology & Communication Services
October 10: Piper Sandler Technology Private Equity Forum
October 12: Baird European Private Company Technology & Services Conference (Virtual)
October 17: Gartner IT Symposium/Xpo USA
November 15: RBC Capital Markets Global Technology, Internet, Media and Telecommunications (TIMT) Conference
November 16: Morgan Stanley Technology Media and Communications Conference
November 16: Jefferies Cybersecurity Summit
November 28: Credit Suisse 26th Annual Technology Conference
December 5: Raymond James Technology Investors Conference
December 5: UBS Global Media, Telecoms Communications, Technology (TMT) Conference
December 7: Barclays Global Technology, Media and Telecommunications Conference
October 11: Bernstein’s 6th Annual Healthcare Services Disruptors Conference
November 7: Credit Suisse 31st Annual Healthcare Conference
November 9: BMO Capital Markets BioPharma Spotlight Series: Oncology Day
November 15: Jefferies 13th Annual London Global Healthcare Conference
November 15: Stifel Healthcare Conference
November 29: Piper Sandler 34th Annual Healthcare Conference
November 29: Evercore ISI 5th Annual HealthCONx Conference
December 14: Jefferies Denver Healthcare Summit
Consumer Discretionary & Consumer Staples
November 10: Bank of America Consumer and Retail Conference
November 14: JP Morgan Global Luxury & Brands Conference
November 17: Deutsche Bank Gaming, Lodging, Leisure & Restaurants One on One Conference
November 29: Barclays Eat, Sleep, Play Conference
November 30: Jefferies Sports Betting & iGaming Summit
December 5: Wolfe Research Virtual Consumer Growth Conference (Virtual)
December 8: Jefferies Consumer Finance Summit
Financials & Real Estate
October 11: UBS 25th Annual SA Financials Conference
October 17: Credit Suisse 11th Annual Real Estate Conference
November 14: Citi Fintech Conference
November 15: Jefferies Mortgage & Real Estate Technology Conference
November 16: Credit Suisse European Financials Disruption Conference
November 17: JMP Securities Financial Services and Real Estate Conference
November 29: UBS Global Real Estate CEO/CFO Conference
November 8: Morgan Stanley Industrial Conference
November 9: Deutsche Bank Global Space Summit (Virtual)
November 14: Deutsche Bank Industrial Conference
November 15: NYSE Industrials Virtual Investor Access Day (Virtual)
November 16: Barclays Global Automotive and Mobility Tech Conference
November 30: Credit Suisse 10th Annual Industrials Conference
December 5: Goldman Sachs Industrial Conference
December 6: Truist Securities 4th Annual Industrials & Services Summit
Energy & Utilities
October 6: CIBC Renewables & Clean Energy Conference
October 12: Credit Suisse ESG - Land-based solutions for a sustainable world
November 7: JP Morgan Global Energy Conference
November 15: Societe Generale ESG/SRI Conference
November 16: RBC Capital Markets Midstream and Energy Infrastructure Conference
November 29: Goldman Sachs Carbonomics CEO Day
December 5: Capital One Securities 17th Annual Energy Conference
December 6: Credit Suisse Climate Tech Conference (Virtual)
December 6: BMO Capital Markets Growth & ESG Conference
November 1: Piper Sandler Chemicals Conference
November 12: Credit Suisse ESG - Land-based solutions for a sustainable world
November 14: Kepler Global Agriculture Forum (Virtual)
November 15: ROTH Capital 11th Annual Technology and Inaugural AgTech Answers Event (Virtual)
November 22: Jefferies Real Assets Summit
November 29: Bank of America European Chemicals Conference
November 29: Bank of America Global Research Materials & Infrastructure Conference
November 30: Citi Basic Materials Conference
October 31: Goldman Sachs China Conference
October 31: Bank of America Securities China Conference
November 1: Citi China Investor Conference
November 3: Barclays Asia Forum
November 15: JP Morgan Global TMT Conference Asia
November 16: Morgan Stanley 21st Annual Asia Pacific Summit
Investor Specific & Multi-Sector
November 3: Jefferies CIO Summit
November 15: Credit Suisse Equity Forum
November 17: JP Morgan Ultimate Services Conference
November 28: German Equity Capital Market Forum, Deutsche Borse, FFM
November 28: UBS Global Emerging Markets One-on-One Conference
December 1: Barclays European Investment Grade Credit Conference
December 28: UBS BB Global Emerging Markets Conference
This article was originally published on the Wall Street Horizon website.
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