Housing Starts, Wholesale Trade Featured in Canada Next Week - InvestingChannel

Housing Starts, Wholesale Trade Featured in Canada Next Week

Monday

U.S.

Featured Earnings

Simulations Plus, Inc. (NASDAQ: SLP) (Q3) EPS projected for 17 cents, compared to 20 cents in the prior-year quarter.

ASLAN Pharmaceuticals (NASDAQ:ASLN) (Q1) EPS projected for loss of 11 cents, compared to loss of 10 cents in the prior-year quarter.

Tuesday

U.S.

Economic Lookahead

NFIB small-business index (June)

Consumer price index (June)

Federal budget

Featured Earnings

JPMorgan Chase (NYSE:JPM) (Q2) EPS projected for $3.03, compared to $1.38 in the prior-year quarter.

PepsiCo Inc (NASDAQ:PEP) (Q2) EPS projected for $1.51 compared to $1.32 in the prior-year quarter.

Wells Fargo (NYSE:WFC) (Q2) EPS projected for a gain of 93 cents, compared to a loss of 66 cents in the prior-year quarter.

Goldman Sachs (NYSE:GS) (Q2) EPS projected for $9.30, compared to $6.26 in the prior-year quarter.

Canada

Featured Earnings

Aritzia Inc. (T.ATZ) (Q1) EPS projected for 17 cents, compared to 16 cents in the prior-year quarter.

Wednesday

U.S.

Economic Lookahead

Producer price index (June)

Beige Book

Featured Earnings

Bank of America Corporation (NYSE:BAC) (Q2) EPS projected for 17 cents, compared to 16 cents in the prior-year quarter.

Citigroup Inc. (NYSE:C) (Q2) EPS projected for $2.02, compared to 50 cents in the prior-year quarter.

BlackRock, Inc. (NYSE: BLK) (Q2) EPS projected for $9.09 compared to $7.85 in the prior-year quarter.

Canada

Economic Lookahead

Bank of Canada Decision (July) The Bank of Canada maintained interest rates at 0.25%, as expected, the same perch at which it’d been since March 2020. The Bank Rate stayed at 0.5%, and the deposit rate at 0.25%.

Monthly Survey of Manufacturing (May) Manufacturing sales fell 2.1% to $57.1 billion in April, on lower sales in 11 of 21 industries. Much of the decline was attributable to lower sales of transportation equipment and petroleum and coal products.

Featured Earnings

Cogeco Inc. (T.CGO) (Q3) EPS projected for $2.22, compared to $2.11 in the prior-year quarter.

Cogeco Communications Inc. (T.CCA) (Q3) EPS projected for $2.22, compared to $2.14 in the prior-year quarter.

Firan Technology Group Corporation (T.FTG) EPS projected for a gain of two cents, compared to a loss of two cents in the prior-year quarter.

Trilogy Metals Inc. (T.TMQ) (Q2) EPS projected for loss of two cents, compared to a loss of three cents in the prior-year quarter.

Thursday

U.S.

Economic Lookahead

Jobless Claims (to July 8)

Import price index (June)

Industrial production (June)

Capacity utilization rate (June)

Featured Earnings

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) (Q2) EPS projected for 89 cents, compared to 78 cents in the prior-year quarter.

UnitedHealth Group Incorporated (NYSE: UNH) (Q2) EPS projected for $4.40, compared to a $7.12 in the prior-year quarter.

Morgan Stanley (NYSE:MS) (Q2) EPS projected for $1.67, compared to $2.04 in the prior-year quarter.

Canada

Economic Lookahead

CREA Stats (June) Home sales recorded over Canadian MLS® Systems fell by 7.4% month-over month in May 2021, building on the 11% decline recorded in April. Activity nonetheless remains historically high, but in contrast to March’s all-time record it is now running closer to levels seen in the second half of 2020.

Featured Earnings

Neptune Wellness Solutions Inc. (T.NEPT) (Q4) EPS projected for loss of 12 cents, compared to a loss of 59 cents in the prior-year quarter.

Opsens Inc. (T.OPS) (Q3) EPS projected for breakeven, identical to the prior-year quarter.

Score Media and Gaming Inc. (T.SCR) EPS projected for loss of 20 cents, compared to a loss of 45 cents in the prior-year quarter.

Friday

U.S.

Economic Lookahead

Retail sales (June)

Consumer sentiment index (July)

Business inventories (May)

Featured Earnings

Charles Schwab Corporation (NYSE:SCHW) (Q2) EPS projected for 76 cents, compared to 54 cents in the prior-year quarter.

HDFC Bank Limited (NYSE:HDB) (Q1) EPS projected for 59 cents, compared to 48 cents in the prior-year quarter.

Ericsson (NASDAQ: ERIC) (Q2) EPS projected for 14 cents, compared to 10 cents in the prior-year quarter.

Canada

Economic Lookahead

Housing Starts (June) The trend in housing starts was 280,779 units in May 2021, up slightly from 278,462 units in April 2021, according to Canada Mortgage and Housing Corporation. This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

International Transactions in Securities (May) Canadian investment in foreign securities totaled $18.6 billion in April, mainly in purchases of US securities. Meanwhile, foreign investment in Canadian securities totalled $10.0 billion, led by acquisitions of Canadian bonds. As a result, international transactions in securities generated a net outflow of funds from the Canadian economy of $8.7 billion.

Wholesale Trade (May) Sales by Canadian wholesalers rose 0.4% in April, the third increase in the last four months

Featured Earnings

Colabor Group Inc. (T.GCL) (Q2) EPS projected for gain of two cents, compared to loss of cent in the prior-year quarter.