Short Week for Canadian Stocks

Monday

U.S.

Economic lookahead

Consumer Credit (June)

Featured Earnings

Avis Budget Group Inc. (NASDAQ: CAR) (Q2) EPS estimates for 64 cents, compared to 63 cents in the prior-year quarter. Avis Car Rental announced this week that it is leveraging AI to enhance customers’ journeys by being the first rental car company to launch a Google Assistant action for Google Home, available next month.

CBS Corporation (NYSE: CBS) (Q2) EPS estimates for 97 cents, compared to 93 cents in the prior-year quarter. CBS announced late last month that its Board of Directors has approved a quarterly dividend on the Company's stock of $.18 per share. The dividend is payable on October 1, to shareholders of record on September 8

Freshpet Inc. (NASDAQ: FRPT) (Q2) EPS estimates for loss of seven cents, compared to a loss of one cent in the prior-year quarter.

Canada

Markets Closed for Civic Holiday

Tuesday

U.S.

Economic Lookahead

JOLTS (June) The word JOLTS stands for Job Openings and Labour Turnover Survey.

Redbook (Weekly)

Featured Earnings

Hostess Brands Inc. (NASDAQ: TWNK) (Q2) EPS estimates for gain of 19 cents, compared to a loss of 18 cents in the prior-year quarter

Mallinckrodt plc (NYSE: MNK) (Q2) EPS estimates for $1.73, compared to $2.20 in the prior-year quarter. Mallinckrodt announced late last month the publication of a company-initiated literature review of clinical and economic data on H.P. Acthar® Gel (repository corticotropin injection) across seven autoimmune and inflammatory disorders – all approved indications for the product.

Michael Kors Holdings Limited (NYSE: KORS) (Q2) EPS estimates for 62 cents, compared to 88 cents in the prior-year quarter. Kors reached an agreement in July to acquire Jimmy Choo PLC, a premier global luxury footwear and accessories brand.

Canada

Featured Earnings

Franco-Nevada Corporation (T.FNV) (Q2) EPS estimates for 24 cents, compared to 22 cents in the prior-year quarter

Hydro One Limited (T.H) (Q2) EPS estimates for 25 cents, identical to the prior-year quarter. Hydro One announced in mid-July that its direct wholly-owned subsidiary, 2582764 Ontario Inc., has agreed to sell to a syndicate of underwriters co-led by RBC Capital Markets, CIBC Capital Markets and BMO Capital Markets $1,400,000,000 aggregate principal amount of 4.00% convertible unsecured subordinated debentures of Hydro One on a "bought deal" basis

Valeant Pharmaceuticals International Inc. (T.VRX) (Q2) EPS estimates for 94 cents, compared to $1.40 to the prior-year quarter.

Peyto Exploration & Development Corp. (T.PEY) (Q2) EPS estimates for 23 cents, compared to six cents to the prior-year quarter.



Wednesday

U.S.

Economic lookahead

Productivity and Costs (Q2—preliminary)

Wholesale Trade (June)

EIA Petroleum Status Report (July 30-Aug. 6)

Featured Earnings

Crocs Inc. (NASDAQ: CROX) (Q2) EPS estimates for 15 cents, compared to 13 cents to the prior-year quarter.

Flowers Foods Inc. (NYSE: FLO) (Q2) EPS estimates for 23 cents, compared to 26 cents to the prior-year quarter.

Hudson Technologies Inc. (NASDAQ: HDSN) (Q2) EPS estimates for 16 cents, compared to 14 cents to the prior-year quarter.


Canada

Economic lookahead

Building Permits (June) Canadian municipalities issued $7.7 billion worth of building permits in May, up 8.9% from April and the third highest value on record.

Featured Earnings

Manulife Financial Corporation (T.MFC) (Q2) EPS estimates for 55 cents, compared to 40 cents to the prior-year quarter.

Sun Life Financial Inc. (T.SLF) (Q2) EPS estimates for 98 cents, compared to 90 cents to the prior-year quarter.

Agrium Inc. (T.AGU) (Q2) EPS estimates for $4.02, compared to $4.18 to the prior-year quarter.

CAE Inc. (T.CAE) (Q1) EPS estimates for 25 cents, compared to 26 cents to the prior-year quarter.



Thursday

U.S.

Economic lookahead

Jobless Claims (July 30-Aug. 6)

Producer Price Index – Final Demand (July)

Federal Balance Sheet

Treasury Budget

Money Supply

Featured Earnings

Kohl's Corporation (NYSE: KSS) (Q2) EPS estimates for $1.15, compared to $1.22 to the prior-year quarter.

Macy's Inc (NYSE: M) (Q2) EPS estimates for 44 cents, compared to 54 cents to the prior-year quarter.

Nordstrom Inc. (NYSE: JWN) (Q2) EPS estimates for 61 cents, compared to 67 cents to the prior-year quarter.



Canada

Economic lookahead

New Housing Price Index (June) This index soared 0.7% in May, due largely to price jumps in Toronto and Vancouver

Featured Earnings

Canadian Tire Corporation Limited (T.CTC.A) (Q2) EPS estimates for $2.54, compared to $2.46 in the prior-year quarter.

Brookfield Asset Management Inc. (T.BAM.A) (Q2) EPS estimates for 26 cents, compared to 15 cents in the prior-year quarter.

Wheaton Precious Metals Corp. (T.WPM) (Q2) EPS estimates for 15 cents, compared to 14 cents in the prior-year quarter.

Emera Incorporated (T.EMA) (Q2) EPS estimates for 51 cents, compared to 33 cents in the prior-year quarter.

Element Fleet Management Corp. (T.EFN) (Q2) EPS estimates for 23 cents, compared to 30 cents in the prior-year quarter.


Friday

U.S.

Economic lookahead

Consumer Price Index (July)

Featured Earnings

Applied Industrial Technologies Inc. (NYSE: AIT) (Q4) EPS estimates for 77 cents, compared to 66 cents in the prior-year quarter.

Tecnoglass Inc. (NASDAQ: TGLS) (Q2) EPS estimates for 17 cents, compared to 14 cents in the prior-year quarter.

Valeritas Holdings Inc. (NASDAQ: VLRX) (Q2) EPS estimates for loss of $1.45, compared to a loss of $8.72 in the prior-year quarter.


Canada


Featured Earnings

TELUS Corporation (T.T) (Q2) EPS estimates for 72 cents, compared to 70 cents in the prior-year quarter.

Magna International Inc. (T.MG) (Q2) EPS estimates for $1.46, compared to $1.41 in the prior-year quarter.