Housing Figures Dominate Next Week's News
4 min readMonday
U.S.
Featured Earnings
Tyson Foods Inc. (NYSE:TSN) (Q4) EPS projected for $2.19, compared to $1.81 in the prior-year quarter.
Warner Music Group Corp.(NASDAQ:WMG) (Q4) EPS projected for 17 cents compared to two cents in the prior-year quarter.
Advance Auto Parts Inc. (NYSE:AAP) (Q3) EPS projected for $2.73 , compared to $2.81 the prior-year quarter.
Canada
Economic Lookahead
Wholesale Trade (Sept.) Wholesale sales increased 0.3{1cd7dfeabecd92a256507009bf608c3bde4df96f09e82f3bc2c9d67cc3d41389} in August, reflecting mixed results among wholesale sub-sectors.
CREA Stats – MLS Sales (Oct.) National home sales rose 0.9{1cd7dfeabecd92a256507009bf608c3bde4df96f09e82f3bc2c9d67cc3d41389} on a month-over-month basis in September.
Monthly Survey of Manufacturing (Sept.) Manufacturing sales rose 0.5{1cd7dfeabecd92a256507009bf608c3bde4df96f09e82f3bc2c9d67cc3d41389} to $60.3 billion in August on higher sales of petroleum and coal, chemicals and primary metals.
Featured Earnings
Galaxy Digital Holdings Ltd. (T.GLXY) (Q3) EPS projected for a gain of 52 cents, compared to a loss of 69 cents in the prior-year quarter.
Ivanhoe Mines Ltd.(T.IVN) (Q3) EPS projected for a gain of five cents compared to a loss of nine cents in the prior-year quarter.
Fennec Pharmaceuticals Inc.(T.FRX) (Q2) EPS projected for loss of 17 cents compared to a loss of 15 cents in the prior-year quarter.
Tuesday
U.S.
Economic Lookahead
Retail sales (Oct.)
Import price index
Industrial Production (Oct.)
NAHB home builders’ index (Nov.)
Business inventories (Sept.)
Featured Earnings
Walmart Inc. (NYSE:WMT) (Q3) EPS projected for $1.38, compared to $1.34 in the prior-year quarter.
Home Depot Inc. (NYSE: HD) (Q3) EPS projected for $3.33 compared to $3.18 in the prior-year quarter.
NetEase Inc.(NASDAQ:NTES) (Q3) EPS projected for 64 cents, identical to the prior-year quarter.
Canada
Housing Starts (Oct.) Canada Mortgage and Housing Corporation reported housing starts decreased to 251,200 units in September from 262,800 units in August.
Featured Earnings
Dye & Durham Limited (T.DND) (Q1) EPS projected for 28 cents, compared to nine cents in the prior-year quarter.
Cronos Group Inc.(T.CRON) (Q3) EPS projected for a loss of nine cents compared to a gain of 15 cents in the prior-year quarter.
Neptune Wellness Solutions Inc. (T.NEPT) (Q2) EPS projected for a loss of 12 cents, identical to the prior-year quarter.
Wednesday
U.S.
Economic Lookahead
Building Permits (Oct.)
Housing Starts (Oct)
Featured Earnings
NVIDIA Corporation (NASDAQ:NVDA) (Q3) EPS projected for 95 cents compared to 60 cents in the prior-year quarter.
Cisco Systems (NASDAQ:CSCO) (Q3) EPS projected for 72 cents compared to 68 cents in the prior-year quarter.
Lowe’s Companies Inc. (NYSE:LOW) (Q3) EPS projected for $2.27 compared to $1.98 in the prior-year quarter.
Canada
Economic Lookahead
Consumer Price Index (Oct.) CPI rose 4.4{1cd7dfeabecd92a256507009bf608c3bde4df96f09e82f3bc2c9d67cc3d41389} on a year-over-year basis in September, up from a 4.1{1cd7dfeabecd92a256507009bf608c3bde4df96f09e82f3bc2c9d67cc3d41389} gain in August. On a seasonally adjusted monthly basis, the CPI rose 0.4{1cd7dfeabecd92a256507009bf608c3bde4df96f09e82f3bc2c9d67cc3d41389} in September.
Featured Earnings
Calian Group Ltd.(T.CGY) (Q4) EPS projected for 76 cents compared to 98 cents in the prior-year quarter.
High Liner Foods Incorporated (T.HLF) (Q3) EPS projected for a 23 cents, compared to 30 cents in the prior-year quarter.
Loblaw Companies Limited (T.L) (Q3) EPS projected for $1.45 compared to $1.35 in the prior-year quarter.
U.S.
Thursday
Economic Lookahead
Jobless Claims (Nov. 13)
Leading Economic Indicators (Oct.)
Featured Earnings
Alibaba Group Holding Limited (NYSE:BABA) (Q3) EPS projected for $1.50 compared to $1.32 in the prior-year quarter.
Intuit Inc. (NASDAQ: INTU) (Q1) EPS projected for 19 cents compared to 61 cents in the prior-year quarter.
JD.com Inc. (NASDAQ:JD) (Q3) EPS projected for 21 cents compared to 19 cents in the prior-year quarter.
Canada
Economic Lookahead
International Transactions in Securities (Sept.) Foreign investors acquired $26.3 billion of Canadian securities in August, mainly in the form of debt securities. At the same time, Canadian investors resumed their purchases of foreign securities, adding $15.2 billion worth to their portfolios in August.
Featured Earnings
BELLUS Health Inc.(T.BLU) (Q3) EPS projected for a loss of 23 cents, identical to the prior-year quarter.
Goodfood Market Corp.(T.FOOD) (Q4) EPS projected for a loss of seven cents, compared to a loss of three cents in the prior-year quarter.
Sangoma Technologies Corporation (V.STC) (Q1) EPS projected for a gain of one cent, compared to a loss of one cent in the prior-year quarter.
Friday
U.S.
Featured Earnings
Foot Locker Inc. (NYSE:FL) (Q3) EPS projected for $1.31 compared to $1.21 in the prior-year quarter.
The Buckle, Inc. (NYSE: BKE) (Q3) EPS projected for a gain of 76 cents compared to 85 cents in the prior-year quarter.
Hibbert Sports Inc. (NASDAQ:HIBB) (Q3) EPS projected for $1.45, identical to the prior-year quarter.
Canada
Economic Lookahead
Retail Sales (Sept.) Retail sales were up 2.1{1cd7dfeabecd92a256507009bf608c3bde4df96f09e82f3bc2c9d67cc3d41389} to $57.2 billion in August.
New Housing Price Index (Oct.) Nationally, prices for new homes increased 0.4{1cd7dfeabecd92a256507009bf608c3bde4df96f09e82f3bc2c9d67cc3d41389} in September, with prices up in 13 of the 27 census metropolitan areas surveyed.
Featured Earnings
Adventus Mining Corporation (T.ADZN) (Q3) EPS projected for a loss of four cents compared to breakeven in the prior-year quarter.
Probe Metals Inc.(T.PRB) (Q3) EPS projected for a loss of two cents, identical to the prior-year quarter.