Next week light on earnings

Monday

U.S.

Featured Earnings

Cherokee Inc. (NASDAQ: CHKE) (Q2) EPS estimates for loss of five cents, identical to prior-year quarter.

FedEx Corporation (NYSE: FDX) (Q2) EPS estimates of $3.77, compared to $2.51 in the prior-year quarter.


Canada

Economic lookahead

Canada's International Transactions in Securities (July) Foreign investment in Canadian securities totaled $11.5 billion in June, up from $3.0 billion in May. At the same time, Canadian investment in foreign securities increased to $11.3 billion, the largest investment since January 2018.

CREA Stats (Aug.) The Canadian Real Estate Association said re-sales of Canadian homes rose 1.9% in July from June, notching the third straight monthly rise but remaining below the highs seen in recent years.

Tuesday

U.S.

Economic lookahead

Housing Market Index (Sept.)

Redbook (Weekly)

Featured Earnings

Apogee Enterprises Inc. (NASDAQ: APOG) (Q2) EPS estimates of 85 cents, compared to 75 cents in the prior-year quarter.

AutoZone Inc. (NYSE: AZO) (Q4) EPS estimates of $17.87, compared to $15.18 in the prior-year quarter.

Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) (Q4) EPS estimates of $2.67, compared to $2.23 in the prior-year quarter.

General Mills Inc. (NYSE: GIS) (Q1) EPS estimates of 64 cents, compared to 71 cents in the prior-year quarter.

Canada

Economic lookahead

Monthly Survey of Manufacturing (July) Manufacturing sales rose 1.1% to $58.1 billion in June, following a 1.5% increase in May, mainly due to sharply higher sales in the petroleum and coal product industry

Wednesday

U.S.

Economic lookahead

Housing Starts (Aug.)

Current Account (Q2)

EIA Petroleum Status Report (Sep. 12-18)

Featured Earnings

Herman Miller Inc. (NASDAQ: MLHR) (Q1) EPS estimates of 65 cents, compared to 57 cents in the prior-year quarter.

Red Hat Inc. (NYSE: RHT) (Q2) EPS estimates of 59 cents, compared to 58 cents in the prior-year quarter. The company joined in early September with Hortonworks, IBM on an Open Hybrid Architecture Initiative, a new collaborative effort the companies can use to build a common enterprise deployment model that is designed to enable big data workloads to run in a hybrid manner across on-premises, multi-cloud and edge architectures.

Thursday

U.S.

Economic lookahead

Jobless Claims (Sept. 12-18)

Existing Home Sales (Aug.)

Leading Indicators (Aug.)

Treasury Budget

Federal Balance Sheet

Money Supply

Featured Earnings

Darden Restaurants Inc. (NYSE: DRI) (Q1) EPS estimates of $1.22, compared to 99 cents in the prior-year quarter.

Micron Technology Inc. (NASDAQ: MU) (Q4) EPS estimates of $3.26, compared to $1.99 in the prior-year quarter.

Steelcase Inc. (NYSE: SCS) (Q2) EPS estimates of 29 cents, compared to 31 cents in the prior-year quarter.

Thor Industries Inc. (NYSE: THO) (Q4) EPS estimates of $1.93, compared to $2.26 in the prior-year quarter.

United Natural Foods Inc. (NASDAQ: UNFI) (Q4) EPS estimates of 85, compared to 72 cents in the prior-year quarter. As part of the earnings announcement, management plans to discuss results, market trends and outlook for UNFI as well as additional details on the pending acquisition of Supervalu.



Canada

Economic Lookahead

Employment Insurance (July) In June, 460,000 people received regular Employment Insurance benefits, up 3,800, or 0.8%, from May.

Featured Earnings

Gluskin Sheff + Associates Inc. (T.GS) (Q4) EPS estimates of 23 cents, compared to 19 cents in the prior-year quarter.

Friday

U.S.

Economic Lookahead

Purchasing Managers Index – Composite –FLASH (Sept.)

Canada

Economic Lookahead

Consumer Price Index (Aug.) CPI rose 3.0% on a year-over-year basis in July, following a 2.5% increase in June. On a seasonally-adjusted monthly basis, the CPI was up 0.5% in July, after increasing 0.2% in June.

Retail Trade (July) Retail sales edged down 0.2% in June to $50.7 billion. Sales were down in six of 11 sub-sectors, representing 52% of total retail trade.