Monday
U.S.
Economic lookahead
Housing Market Index (July)
Featured Earnings
Bank of America (NYSE: BAC) (Q2) EPS estimates of 35 cents, compared to 45 cents in the prior-year quarter.
Brown & Brown, Inc. (NYSE: BRO) (Q2) EPS estimates of 44 cents, compared to 43 cents in the prior-year quarter.
International Business Machines (NYSE: IBM) (Q2) EPS estimates of $2.87, compared to $3.84 in the prior-year quarter. Last week, IBM announced that announced International Data Corporation (IDC) has identified the IBM Cloud as the second leading global IaaS provider according to its Worldwide Semi-Annual Public Cloud Services Tracker, 2H 2015.
Canada
Economic lookahead
International Trade in Securities (May) Foreign investment in Canadian securities amounted to $15.5 billion in April, the fourth straight month of relatively strong activity. Meanwhile, Canadian investors acquired $4.7 billion of foreign securities, mainly debt instruments.
Tuesday
U.S.
Economic lookahead
Housing Starts (June)
Redbook (Weekly)
Featured Earnings
The Goldman Sachs Group Inc. (NYSE: GS) (Q2) EPS estimates of $3.03, compared to $4.75 in the prior-year quarter.
Johnson & Johnson (NYSE: JNJ) (Q2) EPS estimates of $1.67, compared to $1.71 in the prior-year quarter.
Lockheed Martin Corporation (NYSE: LMT) (Q2) EPS estimates of $2.92, compared to $2.94 in the prior-year quarter. Lockheed Martin announced this week the commencement of an exchange offer for the separation of its Information Systems & Global Solutions (IS&GS) business segment
Wednesday
U.S.
Economic lookahead
EIA Petroleum Status Report (July 11-17)
Featured Earnings
American Express Company (NYSE: AXP) (Q2) EPS estimates of $1.93, compared to $1.42 in the prior-year quarter. Late in June, American Express okayed a capital plan which included increasing the Company’s quarterly dividend to 32 cents per share beginning with the third quarter 2016 dividend declaration, and repurchasing up to $3.3 billion of common shares during the CCAR approval period of Q3’16 to Q2’17.
eBay Inc. (NASDAQ: EBAY) (Q2) EPS estimates of 36 cents, compared to 63 cents in the prior-year quarter.
Halliburton Company (NYSE: HAL) (Q2) EPS estimates for loss of 17 cents, compared to gain of 44 cents in the prior-year quarter.
Canada
Featured Earnings
Canadian Pacific Railway Limited (T.CP) (Q2) EPS estimates of $2.06, compared to $2.45 in the prior-year quarter. Early in July, CP Rail responded to what it called incorrect, misleading and inflammatory claims by the Teamsters Canada Rail Conference – Maintenance of Way Employees Division leadership.Counter to union leadership's statements that recently announced layoffs at CP were in violation of the law, CP has in fact been working closely with Transport Canada, meeting or exceeding all requirements, as well as all applicable requirements of the union's collective agreement.
Thursday
U.S.
Economic lookahead
Weekly jobless claims (July 11-17)
FHFA Housing Price Index (May)
Existing Home Sales (June)
Leading Indicators (June)
Federal Balance Sheet
Money Supply
Featured Earnings
AT&T Inc. (NYSE: T) (Q2) EPS estimates of 72 cents, compared to 69 cents in the prior-year quarter.
Chipotle Mexican Grill Inc. (NYSE: CMG) (Q2) EPS estimates of $1.08, compared to $4.45 in the prior-year quarter.
General Motors Company (NYSE: GM) (Q2) EPS estimates of $1.47, compared to $1.29 in the prior-year quarter.
Canada
Economic Lookahead
Employment Insurance (May) In April, 538,400 people received regular E.I. benefits, down slightly from the previous month
Wholesale Trade (May) Wholesale sales edged up 0.1% to $54.8 billion in April, after two consecutive monthly declines.
Featured Earnings
Rogers Communications Inc. (T.RCI.B) (Q2) EPS estimates of 82 cents, compared to 81 cents in the prior-year quarter. In early July, Rogers Communications launched Rogers Public Cloud, a new data sovereign, cloud infrastructure 'as-a-service' (IaaS) solution that lets businesses securely manage critical data, applications, servers, systems software and network resources over the internet. By removing the burden of managing dated IT systems and hardware, Rogers Public Cloud can save a business hundreds of thousands of dollars in capital costs.
Encana Corporation (T.ECA) (Q2) EPS estimates of $1.56, compared to $2.56 in the prior-year quarter. Late in June, Encana and Crestone Peak Resources (Crestone), which is 95% owned by Canada Pension Plan Investment Board and 5% by The Broe Group, announced that Encana's wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., expects the previously announced sale of its Denver Julesburg (DJ) Basin assets in Colorado to Crestone will close by the end of July.
AltaGas Ltd. (T.ALA) (Q2) EPS estimates of nine cents, compared to seven cents in the prior-year quarter.
Friday
U.S.
Economic lookahead
Purchasing Managers’ Index Manufacturing Index (July)
Featured Earnings
American Airlines Group Inc. (NASDAQ: AAL) (Q2) EPS estimates of $1.54, compared to $2.62 in the prior-year quarter.
Honeywell International Inc. (NYSE: HON) (Q2) EPS estimates of $1.64, compared to $1.51 in the prior-year quarter.
Stanley Works (NYSE: SWK) (Q2) EPS estimates of $1.70, compared to $1.54 in the prior-year quarter.
Canada
Economic lookahead
Consumer Prie Index (June) CPI rose 1.5% in the 12 months to May, after increasing 1.7% in April. On a seasonally adjusted monthly basis, the CPI increased 0.2% in May, matching the gain in April.
Retail Sales (May) Following a 0.8% decline in March, retail sales rose 0.9% to $44.3 billion in April. Sales were up in seven of 11 sub-sectors, representing 64% of total retail sales.
Featured Earnings
West Fraser Timber Co. Ltd. (T.WFT) (Q2) EPS estimates of 79 cents, compared to 15 cents in the prior-year quarter.
