Last Week Before Christmas

Monday

U.S.

Economic Lookahead

Housing Market Index (Dec.) The National Association of Home Builders produces a housing market index based on a survey in which respondents from this organization are asked to rate the general economy and housing market conditions.

Featured Earnings

Heico Corporation (NYSE: HEI) (Q4) EPS estimates of 57 cents, compared to 52 cents in the prior-year quarter.


Canada

Economic Lookahead

International Transactions in Securities (Oct.) Foreign investment in Canadian securities totaled $16.8 billion in September, up from $9.8 billion in August. At the same time, Canadian investment in foreign securities slowed to $2.4 billion in September, after reaching $12.1 billion in August.

Tuesday

U.S.

Economic Lookahead

Housing Starts (Nov.) A housing start is registered at the start of construction of a new building intended primarily as a residential building. The start of construction is defined as the beginning of excavation of the foundation for the building.

Redbook (Weekly)

Featured Earnings

Darden Restaurants Inc. (NYSE: DRI) (Q2) EPS estimates of 69 cents, compared to 64 cents in the prior-year quarter.

FactSet Research Systems Inc. (NYSE: FDS) (Q1) EPS estimates of $1.96, compared to $1.75 in the prior-year quarter.

FedEx Corporation (NYSE: FDX) (Q2) EPS estimates of $2.86, compared to $2.80 in the prior-year quarter.

Micron Technology Inc. (NASDAQ: MU) (Q1) EPS estimates of $2.12, compared to 28 cents in the prior-year quarter.

Red Hat Inc. (NYSE: RHT) (Q3) EPS estimates of 50 cents, compared to 42 cents in the prior-year quarter.


Canada

Economic Lookahead

Employment Insurance (Oct.) The number of regular Employment Insurance beneficiaries decreased by 11,600, or 2.2%, in September to 509,900.

Wednesday

U.S.

Economic lookahead

Existing Home Sales (Nov.) Existing home sales tally the number of previously constructed homes, condominiums and co-ops in which a sale closed during the month.

EIA Petroleum Status Report (Dec. 12-18)

Featured Earnings

Actuant Corporation (NYSE: ATU) (Q1) EPS estimates of 17 cents, compared to 20 cents in the prior-year quarter.

General Mills Inc. (NYSE: GIS) (Q2) EPS estimates of 82 cents, compared to 85 cents in the prior-year quarter.

Herman Miller Inc. (NASDAQ: MLHR) (Q2) EPS estimates of 58 cents, compared to 54 cents in the prior-year quarter.

Winnebago Industries Inc. (NYSE: WGO) (Q1) EPS estimates of 50 cents, compared to 60 cents in the prior-year quarter.

Canada

Economic lookahead

Wholesale Trade (Oct.) Following two months of increases, wholesale sales declined 1.2% to $62.0 billion in September, the second decline of 2017.

Average Weekly Earnings (Oct.) Average weekly earnings of non-farm payroll employees were $986 in September, up 1.0% from the previous month. Compared with 12 months earlier, earnings increased 3.1%

Featured Earnings

BlackBerry Limited (T.BB) (Q3) EPS estimates of breakeven, compared to gains of two cents in the prior-year quarter.


Thursday

U.S.

Economic lookahead

Gross Domestic Product (Q3—final)

Jobless Claims (Dec. 12-18)

Corporate Profits (Q3-revised) Corporate profits are derived from the national income and product accounts and are expressed in several measures. Econoday's focus is on the most relevant measure for the total economy, after-tax profits.

FHFA House Price Index (Oct.) The Federal Housing Finance Agency (FHFA) House Price Index (HPI) covers single-family housing, using data provided by Fannie Mae and Freddie Mac

Balance Sheet

Money Supply

Featured Earnings

Accenture plc (NYSE: ACN) (Q1) EPS estimates of $1.66, compared to $1.58 in the prior-year quarter.

Apogee Enterprises Inc. (NASDAQ: APOG) (Q3) EPS estimates of $1.04, compared to 78 cents in the prior-year quarter.

CarMax Inc (NYSE: KMX) (Q3) EPS estimates of 82 cents, compared to 72 cents in the prior-year quarter.

Nike Inc. (NYSE: NKE) (Q2) EPS estimates of 39 cents, compared to 50 cents in the prior-year quarter.

Paychex Inc. (NASDAQ: PAYX) (Q2) EPS estimates of 59 cents, compared to 56 cents in the prior-year quarter.


Canada

Economic lookahead

Consumer Price Index (Nov.) CPI rose 1.4% on a year-over-year basis in October, following a 1.6% increase in September. On a seasonally adjusted monthly basis, the Consumer Price Index was up 0.2% in October, matching the increase in September.

Retail Trade (Oct.) Retail sales edged up 0.1% to $49.1 billion in September. Higher sales at gasoline stations, particularly due to higher prices, were the main contributor to the gain. Excluding sales in this sub-sector, retail sales declined 0.2%.

Friday

U.S.

Economic lookahead

Durable Goods Orders (Nov.) Durable goods orders reflect the new orders placed with domestic manufacturers for immediate and future delivery of factory hard goods.

Personal Income and Outlays (Nov.) Personal income represents the income that households receive from all sources including wages and salaries, fringe benefits such as employer contributions to private pension plans, proprietors' income, income from rent, dividends and interest and transfer payments such as Social Security and unemployment compensation.

New Home Sales (Nov.) New home sales measure the number of newly constructed homes with a committed sale during the month.

Consumer Sentiment (Dec.—final) The University of Michigan's Consumer Survey Center questions 500 households each month on their financial conditions and attitudes about the economy.

Canada

Economic lookahead

Gross Domestic Product (Oct.) Real gross domestic product rose 0.2% in September after edging down 0.1% in August.