Canadian Inflation Figures Due Next Week

Monday

U.S.

Economic lookahead

Empire State Mfg. Survey (July)

Featured Earnings

BlackRock Inc. (NYSE: BLK) (Q2) EPS estimates of $5.29, compared to $4.78 in the prior-year quarter.

Brown & Brown Inc. (NYSE: BRO) (Q2) EPS estimates of 47 cents, compared to 49 cents in the prior-year quarter

Netflix Inc. (NASDAQ: NFLX) (Q2) EPS estimates of 16 cents, compared to nine cents in the prior-year quarter

Canada

Economic lookahead

Int’l Transactions in Securities (May) Foreign investment in Canadian securities totaled $10.6 billion in April, mainly acquisitions of government debt instruments. At the same time, Canadian investors reduced their holdings of foreign securities by $9.9 billion, the largest divestment since January 2016.

CREA Stats (June) The Canadian Real Estate Association said re-sales of Canadian homes dropped 6.2% in May from April as Toronto sales plunged 25.3%.

Featured Earnings

Destiny Media Technologies Inc. (T.DSY) (Q3) EPS estimates for breakeven, identical to prior-year quarter


Tuesday

U.S.

Economic Lookahead

Import and Export Prices (June)

Housing Market (July)

Redbook (Weekly)

Featured Earnings

Goldman Sachs Group Inc. (NYSE: GS) (Q2) EPS estimates of $3.71, compared to $3.72 in the prior-year quarter

ADTRAN Inc. (NASDAQ: ADTN) (Q2) EPS estimates of 22 cents, identical to the prior-year quarter

Exponent Inc. (NASDAQ: EXPO) (Q2) EPS estimates of 41 cents, compared to 38 cents in the prior-year quarter


Wednesday

U.S.

Economic lookahead

Housing Starts (June)

EIA Petroleum Status Report (July 8-15)


Featured Earnings

American Express Company (NYSE: AXP) (Q2) EPS estimates of $1.46, compared to $2.10 in the prior-year quarter.

Morgan Stanley (NYSE: MS) (Q2) EPS estimates of 76 cents, compared to 75 cents in the prior-year quarter.

QUALCOMM Incorporated (NASDAQ: QCOM) (Q3) EPS estimates of 67 cents, compared to $1.03 in the prior-year quarter.

Canada

Economic lookahead

Monthly Survey of Mfg. (May) Manufacturing sales rose 1.1% to a record high $54.4 billion in April, mainly due to higher sales in the petroleum and coal product, and primary metal industries.

Featured Earnings

Canadian Pacific Railway Limited (T.CP) (Q2) EPS estimates of $2.68, compared to $2.05 in the prior-year quarter.

Encana Corporation (T.ECA) (Q2) EPS estimates of four cents, compared to 10 cents in the prior-year quarter.


Thursday

U.S.

Economic lookahead

Jobless Claims (July 8-15)

Leading Indicators (June)

Treasury Budget

Federal Balance Sheet

Money Supply

Featured Earnings

C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) (Q2) EPS estimates of 90 cents, compared to $1.00 in the prior-year quarter.

athenahealth Inc. (NASDAQ: ATHN) (Q2) EPS estimates of seven cents, compared to six cents in the prior-year quarter.

Check Point Software Technologies Ltd. (NASDAQ: CHKP) (Q2) EPS estimates of $1.11, compared to 97 cents in the prior-year quarter.

Canada

Economic lookahead

Employment Insurance (May) The number of regular Employment Insurance beneficiaries fell by 7,000, or 1.3%, to 541,200 in April, a sixth consecutive monthly decline.

Featured Earnings

Rogers Communications Inc. (T.RCI.B) (Q2) EPS estimates of 93 cents, compared to 83 cents in the prior-year quarter.

West Fraser Timber Co. Ltd. (T.WFT) (Q2) EPS estimates of $1.78, compared to 78 cents in the prior-year quarter.

Friday

U.S.

Featured Earnings

Colgate-Palmolive Company (NYSE: CL) (Q2) EPS estimates of 72 cents, compared to 70 cents in the prior-year quarter.

Honeywell International Inc. (NYSE: HON) (Q2) EPS estimates of $1.72, compared to $1.68 in the prior-year quarter.

General Electric Company (NYSE: GE) (Q2) EPS estimates of 25 cents, compared to 51 cents in the prior-year quarter.

Canada

Economic lookahead

Consumer Price Index (June) CPI rose 1.3% on a year-over-year basis in May, following a 1.6% increase in April. On a seasonally adjusted monthly basis, CPI was down 0.2% in May, after increasing 0.4% in April.

Retail Sales (May) Retail sales rose 0.8% to $48.6 billion in April. Sales were up in nine of 11 sub-sectors, representing 71% of total retail trade

Featured Earnings

Atrium Mortgage Investment Corporation (T.AI) (Q2) EPS estimates of 24 cents, identical to prior-year quarter.

Husky Energy Inc. (T.HSE) (Q2) EPS estimates of a gain of 11 cents, compared to a loss of nine cents in the prior-year quarter.

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