GDP Figures Due Next Week on Both Sides of Border


Monday

U.S.

Economic lookahead

Purchasing Managers Index Composite Flash (July)

Existing Home Sales (June)

Featured Earnings

Alphabet Inc. (NASDAQ: GOOGL) (Q2) EPS estimates of $7.91 compared to $7.00 in the prior-year quarter.

Celanese Corporation (NYSE: CE) (Q2) EPS estimates of $1.74 compared to $1.59 in the prior-year quarter. The company announced last week it will increase list and off-list selling prices for the following acetyl intermediate products. The price increases below will be effective immediately or as contracts otherwise allow, and are incremental to any previously announced increases.

Halliburton Company (NYSE: HAL) (Q3) EPS estimates of 19 cents, compared to a loss of 14 cents in the prior-year quarter. The oil giant last week announced a third-quarter dividend of 18 cents a share on the company’s common stock payable September 27, to shareholders of record at the close of business on September 6

Canada

Economic lookahead

Wholesale Trade (May) Wholesale sales increased 1.0% to $61.0 billion in April, a seventh consecutive monthly advance.


Featured Earnings

PrairieSky Royalty Ltd. (T.PSK) (Q2) EPS estimates for gain of eight cents, compared to a loss of two cents in the prior-year quarter.


Tuesday

U.S.

Economic Lookahead

Federal Open Market Committee Meeting Begins

FHFA House Price Index (May)

Case-Shiller HPI (May)

Consumer Confidence (July)

Redbook (Weekly)

Featured Earnings

AT&T Inc. (NYSE: T) (Q2) EPS estimates of 74 cents, compared to 72 cents in the prior-year quarter.

Biogen Inc. (NASDAQ: BIIB) (Q2) EPS estimates of $4.46, compared to $5.21 in the prior-year quarter.

Domino's Pizza Inc (NYSE: DPZ) (Q2) EPS estimates of $1.22, compared to 98 cents in the prior-year quarter.

Canada

Featured Earnings

Canadian National Railway Company (T.CNR) (Q2) EPS estimates of $1.31, compared to $1.11 in the prior-year quarter.

Waste Connections Inc. (T.WCN) (Q2) EPS estimates of 53 cents, compared to 44 cents in the prior-year quarter.


Wednesday

U.S.

Economic lookahead

New Home Sales (June)

EIA Petroleum Status Report (July 16-22)

FOMC Announcement (2 p.m.)

Featured Earnings

Boeing (NYSE: BA) (Q2) EPS estimates of $2.31, compared to loss of 44 cents in the prior-year quarter.

Discover Financial Services (NYSE: DFS) (Q2) EPS estimates of $1.45, compared to $1.47 in the prior-year quarter.

Ford Motor Company (NYSE: F) (Q2) EPS estimates of 45 cents, compared to 52 cents in the prior-year quarter.


Canada


Featured Earnings

Loblaw Companies Limited (T.L) (Q2) EPS estimates of $1.10, compared to $1.01 in the prior-year quarter.

Suncor Energy Inc. (T.SU) Q2) EPS estimates for gain of 21 cents, compared to a loss of 36 cents in the prior-year quarter. Last week, Suncor released its 2017 “Report on Sustainability” which details the company's environmental, social and economic performance and its approach for continuing to deliver value in a carbon-constrained world.

Barrick Gold Corporation (T.ABX) (Q2) EPS estimates of 18 cents, compared to 14 cents in the prior-year quarter.

Goldcorp Inc. (T.G) (Q2) EPS estimates for gain of 11 cents, compared to loss of one cent in the prior-year quarter.



Thursday

U.S.

Economic lookahead

Jobless Claims (July 16-22)

Durable Goods Orders (June)

International Trade in Goods (June)

Federal Balance Sheet

Money Supply

Featured Earnings

Bristol Myers Squibb (NYSE: BMY) (Q2) EPS estimates of 73 cents, compared to 69 cents in the prior-year quarter.

ConocoPhillips (NYSE: COP) (Q2) EPS estimates for gain of two cents, compared to loss of 79 cents in the prior-year quarter.

Johnson Controls International plc (NYSE: JCI) (Q3) EPS estimates of 72 cents, compared to 57 cents in the prior-year quarter.

Canada

Economic lookahead

Average Weekly Earnings (May) Average weekly earnings of non-farm payroll employees were $971 in April, little changed from March. Compared with April 2016, earnings were up 2.0%, with most of the increase occurring in the last two months of 2016.


Featured Earnings

Teck Resources Limited (T.TECK.B) (Q2) EPS estimates of 93 cents, compared to one cent in the prior-year quarter.

Fairfax Financial Holdings Limited (T.FFH) (Q2) EPS estimates of $3.97, compared to $9.58 in the prior-year quarter.

Potash Corporation of Saskatchewan Inc. (T.POT) (Q2) EPS estimates of 19 cents, compared to 18 cents in the prior-year quarter.

Cenovus Energy Inc. (T.CVE) (Q2) EPS estimates for gain of four cents, compared to a loss of five cents in the prior-year quarter.

Canadian Utilities Limited (T.CU) (Q2) EPS estimates of 48 cents, compared to 47 cents in the prior-year quarter.


Friday

U.S.

Economic lookahead

GDP (Q2a)

Employment Cost Index (Q2)

Consumer Sentiment (July—final)

Featured Earnings

American Airlines Group Inc. (NASDAQ: AAL) (Q2) EPS estimates of $1.82, compared to $1.77 in the prior-year quarter.

Chevron Corporation (NYSE: CVX) (Q2) EPS estimates of 96 cents, compared to 48 cents in the prior-year quarter.

Merck & Company Inc. (NYSE: MRK) (Q2) EPS estimates of 87 cents, compared to 93 cents in the prior-year quarter.

Canada

Economic lookahead

GDP (May) After increasing 0.5% in March, real gross domestic product rose 0.2% in April as 14 out of 20 sectors grew.


Featured Earnings

TransCanada Corporation (T.TRP) (Q2) EPS estimates of 67 cents, compared to 52 cents in the prior-year quarter.

Imperial Oil Limited (T.IMO) (Q2) EPS estimates for gain of 31 cents, compared to a loss of 21 cents in the prior-year quarter.

Fortis Inc. (T.FTS) EPS estimates of 55 cents, compared to 46 cents in the prior-year quarter.