Happy Canada Day

Monday

U.S.

Economic Lookahead

Pending Home Sales (May)

Featured Earnings

Micron Technology Inc. (NASDAQ:MU) EPS estimates of 71 cents, compared to one dollar in the prior-year quarter.

Canada

Economic Lookahead

Building Permits (April) The total value of building permits issued by Canadian municipalities decreased 13.1% to $7.4 billion in March, with declines reported in seven provinces and two territories. The $1.1 billion national decrease was the largest since August 2014.

Raw Materials Index (May) The Raw Materials Price Index decreased 13.4% in April, primarily because of a drop in crude oil prices.

Industrial Product Price Index (May) This index fell 2.3% in April, mostly because of lower prices for refined petroleum products.

Featured Earnings

Alimentation Couche-Tard Inc. (TSX:ATD.B) (Q4) EPS estimates of 49 cents, compared to 34 cents in the prior-year quarter.

Mediagrif Interactive Technologies Inc. (TSX:MDF) EPS estimates for loss of three cents, compared to a gain of six cents in the prior-year quarter.
Tuesday
U.S.

Economic Lookahead

Case-Shiller Home Price Index (April)

Consumer Confidence Index (June)

Featured Earnings

Acuity Brands Inc. (NYSE:AYI) (Q3) EPS estimates of $1.16, compared to $2.37 in the prior-year quarter.

Avid Bioservices Inc. (NASDAQ:CDMO) (Q4) EPS estimates for loss of 10 cents, compared to a loss of two cents in the prior-year quarter.

ConAgra Brands Inc. (NYSE:CAG) (Q4) EPS estimates of 49 cents, compared to 34 cents in the prior-year quarter.

FedEx Corporation (NYSE:FDX) (Q4) EPS estimates of $1.52, compared to $5.01 in the prior-year quarter.

Methode Electronics Inc. (NYSE:MEI) (Q4) EPS estimates of 77 cents, compared to 62 cents in the prior-year quarter.

Canada

Economic Lookahead

Gross Domestic Product (April) Real GDP fell 2.1% in the first quarter, owing to reduced household spending and widespread shutdowns of non-essential businesses in March, in response to the COVID-19 pandemic.

Featured Earnings

Evertz Technologies Limited (TSX:ET) (Q4) EPS estimates of 26 cents, compared to 24 cents in the prior-year quarter.

Helix BioPharma (TSX:HBP) (Q3) EPS estimates for loss of two cents, identical to the prior-year quarter.

Wednesday

U.S.

Economic Lookahead

ADP Employment Report (June)

Markit Manufacturing Index (June)

Institute for Supply Management Manufacturing Index (June)

Construction Spending (May)

Motor Vehicle Sales (June)

Federal Open Market Committee Minutes

EIA Crude Oil Stocks Change (June 26)

Featured Earnings

Constellation Brands Inc. (NYSE:STZ) (Q1) EPS estimates of $1.90, compared to $2.21 the prior-year quarter.

General Mills Inc. (NYSE:GIS) (Q3) EPS estimates of $1.04, compared to 83 cents in the prior-year quarter.

Unifirst Corporation (NYSE:UNF) (Q3) EPS estimates of $1.17, compared to $2.46 in the prior-year quarter.

Canada

Markets are shuttered for Canada Day

Thursday

U.S.

Economic lookahead

Non-Farm Payrolls (June)

Trade Deficit (May)

Factory Orders (May)

Weekly jobless claims (to June 27)

Featured Earnings

Lindsay Corporation (NYSE:LNN) (Q3) EPS estimates of 80 cents, compared to 50 cents in the prior-year quarter.

Canada

Economic Lookhead

Canadian international merchandise trade (May) Canada’s merchandise trade deficit with the world widened from $1.5 billion in March to $3.3 billion in April. Despite this increase, it is important to note that trade deficits of more than $3 billion are not uncommon, most recently occurring in February 2019 (deficit of $3.4 billion).

Featured Earnings

Richelieu Hardware Ltd. (TSX:RCH) (Q2) EPS estimates of 25 cents, compared to 34 cents in the prior-year quarter.

Friday

U.S.

U.S. Markets shuttered for Independence Day