Monday
U.S.
Economic lookahead
Purchasing Managers Manufacturing Index (April)
Institute for Supply Management Manufacturing Index (April)
Construction Spending (Mar.)
Featured Earnings
American International Group Inc (AIG) (Q1) EPS estimates of 99 cents, compared to $1.22 in the prior-year quarter. AIG, Hamilton Insurance Group, Ltd., and affiliates of Two Sigma Investments, LP announced today that they have entered into a non-binding memorandum of understanding to form a joint venture that will establish a technology-enabled, customer-centric insurance platform for the Small to Medium-sized Enterprise (SME) market.
Loews Corp. (NYSE: L) (Q1) EPS estimates of 48 cents, compared to 71 cents in the prior-year quarter
Sangamo BioSciences Inc. (NASDAQ: SGMO) (Q1) EPS estimates of 48 cents, compared to 71 cents in the prior-year quarter
Tuesday
U.S.
Economic lookahead
Motor Vehicle Sales (April)
Gallup U.S. Economic Confidence Index (April)
Redbook (Weekly)
Featured Earnings
DHT Holdings Inc. (NYSE: DHT) (Q1) EPS estimates of 37 cents, compared to 25 cents in the prior-year quarter
Olin Corp. (NYSE: OLN) (Q1) EPS estimates of 24 cents, compared to 27 cents in the prior-year quarter
Amsurg Corp. (NASDAQ: AMSG) (Q1) EPS estimates of 74 cents, compared to 57 cents in the prior-year quarter
Canada
Featured Earnings
Fortis Inc. (T.FTS) (Q1) EPS estimates for 68 cents, compared to 65 cents in the prior-year quarter. In mid-April, Fortis reached a definitive agreement with GIC Private Limited, Singapore's sovereign wealth fund, to acquire a 19.9% equity interest in ITC Holdings Corp. (NYSE:ITC) for aggregate consideration of $1.228 billion U.S. in cash upon the closing of the acquisition.
Sun Life Financial Inc. (T.SLF) (Q1) EPS estimates for 91 cents, compared to 94 cents in the prior-year quarter.
Wednesday
U.S.
Economic lookahead
ADP Employment Report (April)
EIA Petroleum Status Report (April 24-May 1)
International Trade (Mar.)
PMI Services Index (April)
Factory Orders (Mar.)
ISM Non-Mfg. Index (April)
Featured Earnings
Allstate Corp. (NYSE: ALL) (Q1) EPS estimates for 94 cents, compared to $1.46 in the prior-year quarter. For the 11th consecutive year, Allstate was recognized by Diversity Inc. last week for its efforts to grow and manage diversity in its business.
Anheuser-Busch Inbev SA (NYSE: BUD) (Q1) EPS estimates for 87 cents, compared to $1.40 in the prior-year quarter.
LendingTree Inc (NASDAQ: TREE) (Q1) EPS estimates for 56 cents, compared to 45 cents in the prior-year quarter.
Canada
Economic lookahead
Canadian international merchandise trade (Mar.) Canada's exports fell 5.4% to $43.7 billion in February, after reaching a record high in January. Export prices decreased 3.2% and volumes were down 2.2%. Imports declined 2.6% to $45.6 billion, as prices were down 1.4% and volumes decreased 1.2%. As a result, Canada's merchandise trade deficit with the world widened from $628 million in January to $1.9 billion in February.
Featured Earnings
Loblaw Companies Limited (T.L) (Q1) EPS estimates for 82 cents, compared to 73 cents in the prior-year quarter
Agrium Inc. (T.AGU) (Q1) EPS estimates for loss of five cents, compared to a gain of 12 cents in the prior-year quarter
Tourmaline Oil Corp. (T.TOU) (Q1) EPS estimates for loss of eight cents, compared to gain of 11 cents in the prior-year quarter
Valeant Pharmaceuticals International Inc (T.VRX) (Q1) EPS estimates for $1.38, compared to $2.36 in the prior-year quarter. Late in April, the drug maker announced Joseph C. Papa as its Chairman and Chief Executive Officer. Papa is expected to join Valeant by early May, having helmed Perrigo Company plc, a leading global health-care supplier
Franco-Nevada Corporation (T.FNV) (Q1) EPS estimates for 15 cents, identical to prior-year quarter
Intact Financial Corporation (T.IFC) (Q1) EPS estimates for $1.42, compared to $1.37 in the prior-year quarter
TELUS Corporation (T.T) (Q1) EPS estimates for 71 cents, compared to 68 cents in the prior-year quarter
Thursday
U.S.
Economic lookahead
Weekly jobless claims (April 23-30)
Federal Balance Sheet
Money Supply
Featured Earnings
Kindred Healthcare Inc (NYSE: KND) (Q1) EPS estimates of 22 cents, compared to 43 cents in the prior-year quarter. Early in April, Kindred Healthcare announced that it has signed a definitive agreement to sell 12 long-term acute care hospitals to Curahealth, LLC, an affiliate of a private investment fund sponsored by Nautic Partners, LLC, for $27.5 million.
Alibaba Group Holding Ltd (NYSE: BABA) (Q4) EPS estimates of 38 cents, compared to 20 cents in the prior-year quarter.
Medivation Inc (NASDAQ: MDVN) (Q1) EPS estimates of 20 cents, compared to three cents in the prior-year quarter.
Canada
Featured Earnings
Manulife Financial Corporation (T.MFC) (Q1) EPS estimates of 44 cents, compared to 39 cents in the prior-year quarter. Late in April, Manulife announced that it will now accept life insurance applications from persons who have tested positive for the Human Immunodeficiency Virus (HIV), the first insurer in Canada to do so.
Canadian Natural Resources Limited (T.CNQ) (Q1) EPS estimates for loss of 54 cents, compared to a gain of two cents in the prior-year quarter.
Great-West Lifeco Inc. (T.GWO) (Q1) EPS estimates of 71 cents, compared to 70 cents in the prior-year quarter.
Pembina Pipeline Corporation (T.PPL) (Q1) EPS estimates of 30 cents, compared to 32 cents in the prior-year quarter.
Economic lookahead
Building permits (March) Municipalities in Canada issued building permits worth $7.4 billion in February, up 15.5% from January.
Friday
U.S.
Economic lookahead
Employment Situation (April)
Consumer Credit (Mar.)
Featured Earnings
Cigna Corp (NYSE: CI) (Q1) EPS estimates of $2.17 compared to $1.96 in the prior-year quarter.
Scripps (E.W.) Co. (NYSE: SSP) (Q1) EPS estimates of breakeven, compared to a loss of two cents in the prior-year quarter.
Transocean Partners LLC (NYSE: RIGP) (Q1) EPS estimates of 52 cents, compared to 41 cents in the prior-year quarter.
Canada
Economic lookahead
Labour Force Survey (April) Employment increased by 41,000, or 0.2%, in March, lowering the unemployment rate by 0.2 percentage points to 7.1%.
