As earnings stories roll in, buyers shouldn’t overlook Annual Common Conferences
These gatherings present colour on firm-specific and macro traits
Strategic plans are outlined, activists can assert themselves, and shareholders voice their say
Spring has sprung! Previous Man Winter has misplaced his grip, hotter temps greet us every afternoon, and pollen wreaks havoc on loads of people in North America. You might be tempted to play hooky, however you’d miss out on so many thrilling occasions and volatility catalysts amongst corporations massive and small.
It’s , after all, and we’ve already heard from a handful of main US corporations. Large tech begins reporting this week—consideration is fixated upon what executives must say in regards to the macroeconomic state of affairs, specifically tariffs and the way the “wait-and-see” financial system will form markets going ahead.
It’s additionally shareholder assembly season. April by means of early June is when firm leaders take time to attach with stockholders to debate short- and long-term traits. Operational efficiency information, technique ideas, and future plans are laid out. Perhaps extra importantly, shareholders’ voices will be heard by means of Q&A periods. Annual Common Conferences (AGM) are the cornerstone of sound company governance and monetary transparency, making certain shareholder rights.
It’s additionally a discussion board to carry CEOs accountable—on this week’s piece, we spotlight some corporations with tensions on the prime. Traders additionally vote on key points, such because the election of board members, government compensation, and dividend coverage or inventory splits. M&A rumors are generally addressed, and you may by no means rule out activists asserting themselves at AGMs.
A poorly dealt with occasion—one fraught with evasive solutions and unpopular choices—can fire up drama on Wall Road, too. Listed here are among the probably eventful shareholder conferences on faucet by means of subsequent month:
April 23: Goldman Sachs
Goldman Sachs (NYSE:) was among the many first main corporations to report Q1 outcomes. Financial institution earnings have been typically stable, serving to to assuage issues of a comfortable begin to 2025. However all eyes are on the street forward, provided that President Trump’s tariff coverage took a tough activate the second day of Q2.
Nonetheless, fairness buying and selling was sturdy, however CEO David Solomon warned of financial dangers, noting that the prospect of a US recession has elevated. Traders could have a follow-up alternative this Wednesday.
April 29: Citigroup
Then subsequent week, Citigroup (NYSE:) hosts its AGM. After reporting a bottom-line beat, CEO Jane Fraser took a extra sanguine stance than Solomon, suggesting that the US can climate the tariff storm. Amid rising rates of interest this month and because the US greenback has sagged, Citi’s chief was upbeat in regards to the buck remaining the world’s reserve forex. Like GS, Citi shares are down on the yr, so we’ll see if the financial institution’s typically profitable turnaround efforts will proceed to repay.
April 30: Newmont Corp
Away from the Financials sector, Newmont Goldcorp (NYSE:) has been pink sizzling. Shares of the gold-mining firm have soared by greater than 45% YTD by means of final Tuesday. has rallied higher than 20% in 2025, and macro elements might lastly be on the facet of the once-unloved Treasured Metallic Mining trade.
Whereas the yellow steel rose after the pandemic, labor prices and rising rates of interest have been monetary headwinds for the likes of Newmont. This might be extra of a celebration than a shareholder assembly—Goldman Sachs just lately raised its gold goal to $3,700 per ounce, whereas UBS took NEM to a purchase from a maintain earlier this month.
Might 3: Berkshire Hathaway
Gold could also be enticing for the time being, however the crown jewel of shareholder assembly season is Berkshire Hathaway’s (NYSE:) occasion. It actually is an expertise in Omaha, NE, hosted by Warren Buffett—the GOAT. “Woodstock for capitalists” must be one this yr—Berkshire inventory is up almost 20% to this point in 2025, sharply outperforming the .
The large query could also be, “What are your plans for all that money, Warren?” Now a $1.14 trillion market cap behemoth, the holding firm boasts a unprecedented money place to the tune of $334 billion. The hoard is loads of dry powder for takeovers or just shopping for the dip if the market revisits its April lows.
Might 6: Intel
Buffett is the GOAT, however Intel (NASDAQ:) has been a canine. It was booted from the late final yr, and shares are down a whopping 44% within the final 12 months (as of April 15, 2025). CEO Lip-Bu Tan is new on the job, changing Pat Gelsinger, and this AGM comes after Intel’s April 24 Q1 earnings date.
Might 8: UPS
Alongside the identical strains, United Parcel Service (NYSE:) is off by greater than 30% year-on-year because it struggles to fend off competitors from FedEx (NYSE:), after all, but in addition Amazon (NASDAQ:). Recall in January, the Atlanta-based Air Freight and Logistics trade firm introduced a minimize to its Amazon delivery quantity by greater than 50%.
The chief group had an optimistic purpose for the choice, however shareholders might say in any other case on Might 8.
Might 14: Southwest Airways
As macro dangers weigh on an organization like UPS, comparable issues are entrance and middle with Southwest Airways (NYSE:). Traders might query CEO Bob Jordan’s transfer to drop its common “baggage fly free” coverage. And guess what? No extra discovering your personal spot on the aircraft—assigned seating is the brand new rule. Past these irks, greater dangers are at play.
A slowdown in client spending and fewer home journey would clearly weigh on income and earnings. Hop aboard the Might 14 telecast to seek out out extra.
Might 15: Las Vegas Sands
Talking of journey, Las Vegas Sands (NYSE:) has upset buyers in 2025. The inventory is down 36% on the yr (earlier than it reported earnings on April 23), and you may guess that tariff fears and the commerce battle with China are the culprits. World recession worries have weighed on the Casinos and Gaming trade firm, too.
Keep in mind that regardless of its identify, LVS has no belongings on the Las Vegas strip—it’s among the many purest China performs amongst US shares. Worth buyers might be at this AGM—LVS trades at simply 12 occasions ahead earnings estimates.
The Backside Line
There are a lot extra main shareholder conferences over the again half of Might and into early June. Be looking out for an ‘Additional! Additional!’ subsequent month as we name out the important thing AGMs that might not solely transfer particular person shares, but in addition present essential clues on the place the financial system is headed as recession calls develop louder.
