Inflation, Retail Figures Due Next Week


Monday

U.S.

Markets Closed for Martin Luther King Day

Canada

Economic lookahead

CREA Stats (Dec.) The Canadian Real Estate Association reported that national home sales fell 5.3% from October to November. Actual (not seasonally-adjusted) activity remained 1.6% above levels in November 2015.

Tuesday

U.S.

Featured Earnings

ADTRAN Inc. (NASDAQ: ADTN) (Q4) EPS estimates of 10 cents, compared with 13 cents in the prior-year quarter.

Bank of the Ozarks (NASDAQ: OZRK) (Q4) EPS estimates of 69 cents, compared with 57 cents in the prior-year quarter.

Morgan Stanley (NYSE: MS) (Q1) EPS estimates of 65 cents, compared with 43 cents in the prior-year quarter.

Wednesday

U.S.

Economic lookahead

Consumer Price Index (Dec.)

Redbook (Weekly)

Industrial Production (Dec.)

Housing Market Index (Jan.)

Beige Book

Featured Earnings

Carolina Financial Corporation (NASDAQ: CARO) (Q4) EPS estimates of 44 cents, compared with 36 cents in the prior-year quarter.

Citigroup Inc. (C) (Q4) EPS estimates of $1.12, compared with $1.06 in the prior-year quarter. Citi Retail Services announced this week it has signed a long-term financing services agreement with BRP, a global leader in the design, development, manufacturing, distribution, and marketing of powersports vehicles.

Goldman Sachs Group Inc. (GS) (Q4) EPS estimates of $4.73, compared with $4.68 in the prior-year quarter. This week, Citi downgraded Goldman to sell from neutral.

Canada

Economic lookahead

Employment Insurance (Oct.) The number of Canadians drawing regular employment insurance benefits numbered 575,200 in October, down 2,700, or 0.5%, from September.

Bank Rate Decision (10 a.m. ET)

Featured Earnings

Canadian Pacific Railway Limited (T.CP) (Q4) EPS estimates of $3.17, compared with $2.72 in the prior-year quarter.


Thursday

U.S.

Economic lookahead

Jobless Claims (Jan. 11-17)

EIA Petroleum Report (Jan. 10-16)

Housing Starts (Dec.)

Federal Balance Sheet

Money Supply

Featured Earnings

American Express Company (NYSE: AXP) (Q4) EPS estimates of 99 cents, compared with $1.23 in the prior-year quarter.

International Business Machines Corporation (IBM) (Q4) EPS estimates of $4.91, compared with $4.84 in the prior-year quarter. Last week, it was announced that it broke the U.S. patent record with 8,088 patents granted to its inventors in 2016, marking the 24th consecutive year of innovation leadership.

Skyworks Solutions Inc. (SWKS) (Q1) EPS estimates of $1.48, identical to the prior-year quarter.


Canada

Economic lookahead

Monthly Survey of Manufacturing (Nov.) Manufacturing sales declined 0.8% to $51.0 billion in October, following two consecutive monthly gains.

Canadian Transactions in International Securities (Nov.) Foreign acquisitions of Canadian securities amounted to $15.8 billion in October, mainly Canadian corporate debt securities. At the same time, Canadian investors added $2.1 billion of foreign securities to their holdings, led by acquisitions of U.S. corporate instruments.


Friday

U.S.

Featured Earnings

General Electric Company (NYSE: GE) (Q4) EPS estimates of 46 cents, compared with 52 cents in the prior-year quarter.

Rockwell Collins Inc. (NYSE: COL) (Q1) EPS estimates of $1.15, compared with $1.21 in the prior-year quarter.

Schlumberger N.V. (NYSE: SLB) (Q4) EPS estimates of 27 cents, compared with 65 cents in the prior-year quarter.


Canada

Economic lookahead

Consumer Price Index (Dec.) CPI rose 1.2% on a year-over-year basis in November, following a 1.5% increase in October. On a seasonally adjusted monthly basis, the CPI was down 0.2% in November, after increasing 0.2% in October.

Retail Sales (Nov.) Retail sales rose for the third consecutive month, rising 1.1% to $45.0 billion in October.