Coke, H-P, Loblaws in earnings spotlight


Monday

U.S.

Markets are closed for President’s Day

Canada

Markets are closed for Family Day

Tuesday

U.S.

Economic lookahead

Housing Market Index (Feb.)

Featured Earnings

Coca-Cola (NYSE: KO) (Dec.) EPS estimate of 46 cents.

La-Z-Boy (NYSE: LZB) (Jan./Q3) EPS estimate of 35 cents for January

Canada

Economic lookahead

International transactions in securities (Dec.) Foreign investors added $8.7 billion of Canadian securities to their holdings in November. The fifth straight month of foreign investment in these instruments was largely composed of corporate securities. Meanwhile, Canadian investors acquired $6.6 billion of foreign securities, all bonds.

MLS sales (Dec.) The number of home sales processed through the MLS Systems of Canadian Real Estate Boards and Associations and other co-operative listing systems was down 1.8% on a month-over-month basis in December 2013, marking the third straight monthly decline.

Featured Earnings

Yamana Gold Corp. (T.YRI) (Q4) EPS estimate of nine cents, compared to 26 cents in the prior-year quarter

CanAm Group (T.CAM) (Q4) EPS estimate of 24 cents, compared to 18 cents in the prior-year quarter. The Quebec-based company announced last month the acquisition of a 66% interest in an engineering firm that specializes in wood structures. The transaction, the amount of which has not been disclosed, was completed in the final days of 2013.

Theratechnologies Inc. (T.TH) (Q4) EPS estimate calls for loss of two cents, compared to a loss of seven cents in the prior-year quarter. Late last year, the Montreal-based company reached an agreement with EMD Serono to regain all rights for its EGRIFTA drug in the United States.

Wednesday

U.S.

Economic lookahead

Housing Starts (Jan.)

Producer Price Index (Jan.)

FOMC Minutes

Featured Earnings

Curtiss-Wright (NYSE: CW) (Dec.) EPS estimate of 95 cents

Marriott International (NASDAQ: MAR) (Dec.) EPS estimate of 50 cents

Safeway Inc. (NYSE: SWY) (Dec./Q4) EPS estimate of 50 cents for December, the month when the grocery chain announced a comprehensive initiative to make its online grocery shopping website more accessible and usable for Safeway shoppers with visual impairments.

Tesla Motors Inc. (NASDAQ: TSLA) (Dec.) No projections available, but in January, the electric car maker officially opened new Supercharger locations connecting the Netherlands, Germany, Switzerland, and Austria. These newly-energized routes will enable Model S customers to enjoy free, convenient, 100% electric trips in those countries.

Canada

Economic lookahead

Wholesale trade (Dec.) Wholesale sales were unchanged in November at $50.4 billion.


Featured Earnings

Finning International Inc. (T.FTT) (Q4) EPS estimate of 54 cents, compared to 55 cents in the prior-year quarter. Finning achieved labour peace late last year, signing a new three-year deal with the International Association of Machinists and Aerospace Workers.

Northland Power Inc. (T.NPI) (Q4) EPS estimate of 12 cents, compared to 16 cents in the prior-year quarter.

Russel Metals Inc. (T.RUS) (Q4) EPS estimate of 40 cents, compared to 34 cents in the prior-year quarter.

Superior Plus Corp. (T.SPB) (Q4) EPS estimate of 24 cents, compared to 30 cents in the prior-year quarter.

IAMGOLD Corporation (T.IMG) (Q4) EPS estimate of four cents, compared to 24 cents in the prior-year quarter.


Thursday

U.S.

Economic lookahead

Consumer Price Index (Jan.)

Weekly jobless claims (Feb. 10-14)

PMI Manufacturing Index (Feb.)

Leading Indicators (Jan.)

EIA Petroleum Report (Feb. 10-14)

Featured Earnings

Crocs Inc. (NASDAQ: CROX) (Dec.) EPS estimate calls for loss of 21 cents. Last month, the Colorado-based company closed the previously announced investment from a fund affiliated with Blackstone to purchase $200 million of newly issued series A convertible preferred stock.

Hewlett-Packard Co. (NYSE: HPQ) (Jan.) EPS estimate of 85 cents. Earlier this month, the Palo Alto-based HP announced the Teacher Retirement System of Texas (TRS) has signed a $43-million, four-year contract to implement a new pension administration system that automates processes and includes a variety of new capabilities to improve members' experiences.



Canada

Economic lookahead

Employment Insurance (Dec.) Statistics Canada report 512,300 people receiving regular Employment Insurance benefits in November, virtually unchanged from October.


Featured Earnings

TransCanada Corporation (T.TRP) (Q4) EPS estimate of 61 cents, compared to 45 cents in the prior-year quarter.

Agrium Inc. (T.AGU) (Q4) EPS estimate of 96 cents, compared to $2.16 in the prior-year quarter.

First Quantum Minerals Ltd. (T.FM) (Q4) EPS estimate of 23 cents, compared to 39 cents in the prior-year quarter.

Loblaw Companies Limited (T.L) (Q4) EPS estimate of 56 cents, compared to 64 cents in the prior-year quarter.

Inter Pipeline Ltd. (T.IPL) (Q4) EPS estimate of 27 cents, compared to 23 cents in the prior-year quarter.



Friday

U.S.

Economic lookahead

Existing Home Sales (Jan.)

Featured Earnings

Zale Inc. (NYSE: ZLC) (Jan.) EPS estimate of $1.09. The jeweler announced that comparable store sales increased 2% at constant exchange rates, or 0.7% on a U.S. dollar reported basis, for the last two months of calendar 2013. Perhaps that will translate into stronger earnings for January and the first quarter of 2014.

Canada

Economic lookahead

Retail trade (Dec.) Retail sales rose 0.6% in November to $41.0 billion, the fourth increase in five months.

Consumer Price Index (Jan.) The agency tells us consumer prices rose 1.2% in the 12 months to December, following a 0.9% increase in November. On a seasonally-adjusted monthly basis, CPI increased 0.2% in December, matching the rise in November.

Featured earnings

Eldorado Gold Corporation (T.ELD) (Q4) EPS estimate of five cents, compared to 16 cents in the prior-year quarter.

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