Light on data, heavy on earnings

Monday

U.S.

Featured Earnings

BB&T Corporation (NYSE: BBT) (Q2) EPS estimate of 75 cents, compared to 77 cents in the prior-year quarter.

Brown & Brown (NYSE: BRO) (Q2) EPS estimate of 41 cents, compared to 36 cents in the prior-year quarter. In June, the company announced the acquisition of the assets of Gaston & Associates, a property and casualty company.

Halliburton Co. (NYSE: HAL) (Q2) EPS estimate of 92 cents, compared to 73 cents in the prior-year quarter. Earlier this month, Halliburton went in on a joint venture with SPT Energy Group Inc. affiliate, Petrotech, to establish a joint venture company focused on hydraulic fracturing and production enhancement services in Xinjiang, China.

Texas Instruments Inc. (NASDAQ: TXN) (Q2) EPS estimate of 59 cents, compared to 42 cents in the prior-year quarter. The company announced last week it was rolling out its RF430F5978 microcontroller and accompanying evaluation module to expand its low-power, radio-frequency solutions.

Canada

Featured Earnings

Canadian National Railway Company (T.CNR) (Q2) EPS estimate of 99 cents, compared to 83 cents in the prior-year quarter.

TransCanada Corporation (T.TRP) (Q2) EPS estimate of 52 cents, compared to 51 cents in the prior-year quarter.

Winpak Ltd. (T.WPK) (Q2) EPS estimate of 32 cents, compared to 26 cents in the prior-year quarter.

MDC Partners Inc. (T.MDZ.A) (Q2) EPS estimate of 15 cents, compared to 20 cents in the prior-year quarter.


Tuesday

U.S.

Economic lookahead

Consumer Price Index (June)

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

ICSC-Goldman Store Sales (Weekly)

Redbook. A weekly measure of comparable store sales at chain stores, discounters, and department stores.

Featured Earnings

Apple Inc (NASDAQ: AAPL) (Q2) EPS estimate of $1.22, compared to $1.07 in the prior-year quarter. Last week, Apple and IBM announced an exclusive partnership that teams the market-leading strengths of each company to transform enterprise mobility through a new class of business apps—bringing IBM’s big data and analytics capabilities to iPhone® and iPad®.

Coca-Cola Co. (KO) (Q2) EPS estimate of 63 cents, identical to the prior-year quarter.

Comcast Corp (NASDAQ: CMCSA) (Q2) EPS estimate of 73 cents, compared to 65 cents in the prior-year quarter.

Microsoft Corporation (NASDAQ: MSFT) (Q4) EPS estimate of 60 cents, compared to 59 cents in the prior-year quarter.

Verizon Communications Inc. (NASDAQ: VZ) (Q2) EPS estimate of 90 cents, compared to 73 cents in the prior-year quarter.


Canada

Featured Earnings

CanWel Building Materials Group Ltd. (T.CWX) (Q2) EPS estimate of 16cents, compared to 12 cents in to the prior-year quarter. Last month, Futura Corporation announced it was buying more than a quarter-million shares in the Vancouver-based CanWel.

Wednesday

U.S.

Economic lookahead

EIA Petroleum Status Report (July 14-18)

Featured Earnings

AT&T (NYSE: T) (Q2) EPS estimate of 64 cents, compared to 67 cents in the prior-year quarter.

Boeing Co. (NYSE: BA) (Q2) EPS estimate of $2.01, compared to $1.67 in the prior-year quarter.

Dow Chemical Co. (DOW) (Q2) EPS estimate of 72 cents, compared to 64 cents in the prior-year quarter. The company’s science-driven products were recognized this week as top technology products of the year by R&D Magazine.

Owens Corning (OC) (Q2) EPS estimate of 47 cents, compared to 57 cents in the prior-year quarter.

Canada

Economic lookahead

Retail Trade (May) Sales increased for the fourth consecutive month in April, advancing 1.1% to $41.6 billion.

Thursday

U.S.

Economic lookahead

Weekly jobless claims (July 14-18)

Purchasing Managers’ Index (July) PMI is based on monthly questionnaire surveys of selected companies which provide an advance indication of what is really happening in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across the manufacturing sectors.

New Home Sales (June)

Featured Earnings

3M Co. (MMM) (Q2) EPS estimate of $1.91, compared to $1.71 in the prior-year quarter.

Amazon.com Inc. (NASDAQ: AMZN) (Q2) EPS estimates for a loss of 12 cents, compared to loss of two cents in the prior-year quarter.

Bristol-Myers Squibb Co. (NYSE: BMY) (Q2) EPS estimate of $1.91, compared to $1.71 in the prior-year quarter.

Celgene Corp. (NASDAQ: CELG) (Q2) EPS estimate of 77 cents, compared to 70 cents in the prior-year quarter.

Canada

Economic lookahead

Employment Insurance (May) Those of us on the pogey totaled 517,100 in April, up 1.1%, or 5,600, from March.

Featured Earnings

Husky Energy Inc. (T.HSE) (Q2) EPS estimate of 69 cents, compared to 62 cents in the prior-year quarter.

Potash Corporation of Saskatchewan Inc. (T.POT) (Q2) EPS estimate of 45 cents, compared to 73 cents in the prior-year quarter.

Rogers Communications Inc. (T.RCI.B) (Q2) EPS estimate of 86 cents, compared to 96 cents in the prior-year quarter.

Loblaw Companies Limited (T.L) (Q2) EPS estimate of 64 cents, identical to the prior-year quarter. Last month, the grocer announced it was more than halfway to achieving its 2014 goal of $1.8 million and 1.8 million pounds of food in its annual charity food drive.

Encana Corporation (T.ECA) (Q2) EPS estimate of 31 cents, compared to 34 cents in the prior-year quarter. Late last month, Encana reached an agreement with Calgary-based Jupiter Resources to sell its Bighorn assets for approximately $2 billion.

Friday

U.S.

Economic lookahead

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

Featured Earnings

Magellan Health Services Inc. (NASDAQ: MGLN) (Q2) EPS estimate of 55 cents, compared to $1.15 in the prior-year quarter.

Stanley Works (NYSE: SWK) (Q2) EPS estimate of $1.37, compared to $1.21 in the prior-year quarter.

Xerox Corp. (XRX) (Q2) EPS estimate of 26 cents, compared to 27 cents in the prior-year quarter.

Canada

Featured Earnings

Canfor Corporation (T.CFP) (Q2) EPS estimate of 46 cents, compared to 61 cents in the prior-year quarter.

Progressive Waste Solutions Ltd. (T.BIN) (Q2) EPS estimate of 26 cents, compared to 31 cents in the prior-year quarter.

Capital Power Corporation (T.CPX) (Q2) EPS estimate of 25 cents, compared to 24 cents in the prior-year quarter.

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