Monday
U.S.
Economic lookahead
PMI Manufacturing Index (December)
Industrial Production (November)
Canada
Economic lookahead
International Transactions in Securities (October) In September, folks offshore bought $8.4 billion of our securities, mostly Canadian equities. Canadian investors reduced their holdings of foreign securities in the month by $1.5 billion, including both debt and equity securities.
CREA Stats (November) In October, the number of home sales processed through Canadian Real Estate Boards and Associations and other co-operative listing systems fell 3.2% month over month.
Featured Earnings
Empire Co. (T.EMP.A) Q4. EPS estimate of $1.13. The grocer, with Sobeys, and now much of Canada Safeway, is looking to become a dominant player on the Canadian food store stage. Sobeys funded the $5.8-billion purchase price through a July equity issue, a bond offering announced in August, and $2 billion from a credit line and cash on hand. The acid test of how this sits with the market will be made known Monday.
Patheon (T.PTI) Q4. EPS estimate of $0.11
Nordion (T.NDN) Q4. EPS estimate of $0.21
Whistler Blackcomb Holdings (T.WB) Q4. EPS estimates loss of $0.21
Enghouse Systems (T.PTI) Q4. EPS estimate of $0.25
Tuesday
U.S.
Economic lookahead
Consumer Price Index (November)
Housing Market Index (December)
Featured Earnings
Cooper Tire and Rubber (NYSE: CTB) (September)
Heico Corp. (NYSE: HEI) EPS estimate of $0.11
Canada
Economic lookahead
Monthly Survey of Manufacturing (October) Manufacturing sales rose 0.6% to $49.9 billion in September, mostly in motor vehicle sales and food.
Featured Earnings
Enghouse Systems (T.PTI) Q4. EPS estimate of $0.25
01 Communique Laboratory (T.ONE) Q4. EPS estimates loss of $0.01.
Wednesday
U.S.
Economic lookahead
EIA Petroleum Status Report (Dec. 2-6)
Featured Earnings
Oracle (NYSE: ORCL) EPS estimate of $0.64. The latest development for this major is the launch earlier this month of its Oracle Linux 6.5, with a revolutionary new Kernel device enabling customers and partners to test, validate and certify against the most up-to-date Oracle Linux distribution. The stock is around $34.50, or near the top of a 52-week range of $36.43.
Lennar Corp. (NYSE: LEN) November. EPS estimate of $0.63
Neiman Marcus (AMEX: NMG) October.
Canada
Wholesale Trade (Oct.) Wholesale sales ran their winning streak to three months in a row in September, rising 0.2% to $49.8 billion.
Featured Earnings
BlackBerry Inc. (TSX: BB) Q3. EPS forecasts loss of $0.39. Perhaps it should be called “Black-and-Blue Berry”, for the beleaguered smartphone maker has been punished this year, with shares down nearly 50%. Still, some traders are crossing their fingers for good news amid all the gloom with which they’ve been greeted this year.
Lumina Copper Corp. (TSX: LCC) EPS forecast loss of $0.01. On the resource-heavy TSX, this stock has been touted as one of the up-and-comers, having announced a major share offering in April. The price remains, though, in the lower region of a 52-week range of $3.86 to $10.65. Something fairly significant will need to happen to lift it out of this rut.
Thursday
U.S.
Economic lookahead
-Jobless claims (Dec. 9-13)
Featured Earnings
Accenture PLC (NYSE: ACN) EPS estimate of $1.09
Navistar International (NYSE: NAV) October. EPS forecast loss of $1.55
Nike Inc. (NYSE: NKE) November. EPS estimates of $0.58
Red Hat Inc. (NYSE: RHT) November. EPS estimates of $0.24
Canada
Economic lookahead
Employment Insurance (October) The number of people receiving regular EI benefits decreased in September by 1.4% or 7,100 to 503,800. Compared with September 2012, the number of beneficiaries was down 8.8%.
Friday
U.S.
Economic lookahead
GDP (Q3 final)
Featured Earnings
Carnival Corp. (NYSE: CCL) November. EPS forecasts breakeven. Oh, what a bruising pair of years it’s been for the beleaguered cruise line, in the aftermath of the sinking of the Costa Concordia in January of last year. Early this year, its Carnival Triumph liner lost power in the Gulf of Mexico and had to be towed. The stock has traded in a narrow range of $31.44 to $39.95, and could desperate use, well, a lifeline.
Walgreen Co. (NYSE: WAG) November. EPS estimate of $0.73. It’s been a fairly cheerful year “at the corner of Happy and Healthy”, with November sales climbing 4.1%, October’s by 6.1%, and a new partnership announced with Johns Hopkins University in Baltimore, opening a new store catering to the campus community.
Canada
Economic lookahead
Retail trade (October). Sales rose 1.0% to $40.7 billion in September, third increase in a row.
Consumer Price Index (November). Consumer prices rose 0.7% in the 12 months to October, after a 1.1% hike in September.
Related Stories
