U.S. Home Sales, Canadian CPI, Dominate Economic News Next Week

Monday

U.S.

Economic lookahead

Housing Market Index (June)

Tuesday

U.S.

Economic lookahead

Housing Starts (May)

Redbook (Weekly)


Featured Earnings

FedEx Corporation (NYSE: FDX) (Q1) EPS estimates of $5.71, compared to $4.25 in the prior-year quarter.

La-Z-Boy Incorporated (NYSE: LZB) (Q4) EPS estimates of 64 cents, compared to 57 cents in the prior-year quarter.

Oracle Corporation (NYSE: ORCL) (Q4) EPS estimates of 87 cents, compared to 82 cents in the prior-year quarter.

Wednesday

U.S.

Economic lookahead

Existing Home Sales (May)

EIA Petroleum Status Report (June 13-19)

Featured Earnings

American Outdoor Brands Corporation (NASDAQ: AOBC) (Q4) EPS estimates of 11 cents, compared to 57 cents in the prior-year quarter.

Micron Technology Inc. (NASDAQ: MU) (Q3) EPS estimates of $3.10, compared to $1.40 in the prior-year quarter.

Renesola Ltd. (NYSE: SOL) (Q1) EPS estimates for gain of one cent, compared to a loss of $1.16 in the prior-year quarter.

Winnebago Industries Inc. (NYSE: WGO) (Q3) EPS estimates of 91 cents, compared to 94 cents in the prior-year quarter.
Steelcase Inc. (NYSE: SCS) (Q1) EPS estimates of 15 cents, identical to the prior-year quarter. Earlier this month, Steelcase signed a definite agreement to acquire Smith System Manufacturing Company. Terms of the transaction were not disclosed.
Thursday

U.S.

Economic lookahead

FHFA House Price Index (April)

Jobless Claims (June 9-15)

Leading Indicators (May)

Balance Sheet

Money Supply

Featured Earnings

American Software Inc. (NASDAQ: AMSWA) (Q4) EPS estimates of four cents, compared to 34 cents in the prior-year quarter.

Commercial Metals Company (NYSE: CMC) (Q3) EPS estimates of 41 cents, compared to 34 cents in the prior-year quarter.

Darden Restaurants Inc. (NYSE: DRI) (Q4) EPS estimates of $1.35, compared to $1.18 in the prior-year quarter.

Kroger Company (NYSE: KR) (Q1) EPS estimates of 63, compared to 58 in the prior-year quarter.

Patterson Companies Inc. (NASDAQ: PDCO) (Q4) EPS estimates of 31 cents, compared to 69 cents in the prior-year quarter.

Red Hat Inc. (NYSE: RHT) (Q1) EPS estimates of 49 cents, compared to 40 cents in the prior-year quarter. In early June, the company announced the availability of Red Hat Fuse 7, the next major release of its distributed, cloud-native integration solution, and introduced a new fully hosted low-code integration Platform-as-a-Service (iPaaS) offering,

SMART Global Holdings Inc. (NASDAQ: SGH) (Q3) EPS estimates of $1.70 compared to 54 cents in the prior-year quarter.

In early June, SMART acquired Penguin Computing, Inc., a privately held company and a leader in specialty compute and storage solutions targeting applications in Artificial Intelligence, Machine Learning and High-Performance Computing using state-of-the-art, open technologies and advanced industry architectures.

Canada

Economic lookahead

Employment Insurance (April) In March, 471,500 people received regular EI benefits, down 7,300 (-1.5%) from February.

Wholesale Trade (April) Wholesale sales rose 1.1% to $62.8 billion in March, more than offsetting the decline in February. The motor vehicle and parts sub-sector contributed the most to the gain.

Featured Earnings

GreenSpace Brands Inc (T.JTR) (Q4) EPS estimates for breakeven, compared to a loss of one cent in the prior-year quarter.

D-Box Technologies Inc. (T.DBO) (Q4) EPS estimates for loss of one cent, compared to breakeven in the prior-year quarter.


Friday

U.S.

Purchasing Managers Index – Composite Flash (June)

Featured Earnings

CarMax Inc (NYSE: KMX) (Q1) EPS estimates of $1.22, compared to $1.13 in the prior-year quarter.


Canada

Economic Lookahead

Consumer Price Index (May) CPI rose 2.2% on a year-over-year basis in April, following a 2.3% increase in March. On a seasonally adjusted monthly basis, inflation was up 0.1% in April, matching the increase in March.

Retail Sales (April) Retail sales increased for the third consecutive month in March, rising 0.6% to $50.2 billion.

Featured Earnings

BlackBerry Limited (T.BB) (Q1) EPS estimates for breakeven, compared to a gain of two cents in the prior-year quarter.