Wholesale, retail trade in focus


Monday

U.S.

Featured Earnings

Brown & Brown Inc. (NYSE: BRO) (Q2) EPS estimates of 43 cents, compared to 42 cents in the prior-year quarter.

Halliburton Co. (NYSE: HAL) (Q2) EPS estimates of 29 cents, compared to 91 cents in the prior-year quarter.

International Business Machines Corp (NYSE: IBM) (Q2) EPS estimates of $3.79 compared to $4.32 in the prior-year quarter.


Canada

Economic lookahead

Wholesale Trade (May) Wholesale sales rose 1.9% to $55.2 billion in April, a second consecutive increase.

Featured Earnings

Canadian National Railway Company (T.CNR) (Q2) EPS estimates of $1.06, compared to $1.03 in the prior-year quarter. This week, CN CN was notified of an unsolicited mini-tender offer made by TRC Capital Corporation to purchase up to 2,000,000 CN common shares for $70.38 per share in cash. CN does NOT endorse the deal.

People Corporation (T.PEO) (Q3) EPS estimates of two cents, compared to breakeven in the prior-year quarter.


Tuesday

U.S.

Economic lookahead

Redbook (Weekly)

Featured Earnings

Apple Inc (NASDAQ: AAPL) (Q2) EPS estimates of $1.79, compared to $1.28 in the prior-year quarter.

Baker Hughes Inc. (NYSE: BHI) (Q2) EPS estimates for loss of 11 cents, compared to a gain of 92 cents in the prior-year quarter. Analysts continue to believe the merger of Halliburton and Baker Hughes will still go through, after the two companies agreed to extend the period for the Department of Justice review of the deal to the later of Nov. 25 of this year, or 90 days.

Harley-Davidson Inc. (NYSE: HOG) (Q2) EPS estimates $1.39, compared to $1.62 in the prior-year quarter.

Canada

Featured Earnings

Canadian Pacific Railway Limited (T.CP) (Q2) EPS estimates of $2.52, compared to $2.11 in the prior-year quarter. This week, a Quebec judge turned down CP’s challenge of a court settlement aimed at compensating residents of Lac-Megantic for the 2013 oil train tragedy that killed 47 people.

Wednesday

U.S.

Economic lookahead

FHFA House Price Index (May)

Existing Home Sales (June)

EIA Petroleum Status Report (July 13-19)

Featured Earnings

American Express Co. (NYSE: AXP) (Q2) EPS estimates of $1.33, compared to $1.47 in the prior-year quarter.

Boeing Co. (NYSE: BA) (Q2) EPS estimates of $2.14, compared to $2.42 in the prior-year quarter.

EMC Corp. (NYSE: EMC) (Q2) EPS estimates of 32 cents, compared to 33 cents in the prior-year quarter. EMC announced in early July it has completed the acquisition of Virtustream. Virtustream represents a transformational element of EMC's strategy to help customers move all applications to cloud-based IT environments.

Canada

Featured Earnings

West Fraser Timber Co. Ltd. (T.WFT) (Q2) EPS estimates of 74 cents, compared to 77 cents in the prior-year quarter.

Canfor Corporation (T.CFP) (Q2) EPS estimates of 18 cents, compared to 41 cents in the prior-year quarter.

Canfor Pulp Products Inc. (T.CFX) (Q2) EPS estimates of 38 cents, compared to 26 cents in the prior-year quarter.

Exco Technologies Limited (T.XTC) (Q3) EPS estimates of 27 cents, compared to 20 cents in the prior-year quarter.

Mullen Group Ltd. (T.MTL) (Q2) EPS estimates of seven cents, compared to 28 cents in the prior-year quarter.


Thursday

U.S.

Economic lookahead

Weekly jobless claims (July 13-19)

Leading Indicators (June)

Federal Balance Sheet

Featured Earnings

3M Co. (MMM) (Q2) EPS estimates of $1.99, compared to $1.91 in the prior-year quarter. Early in July, 3M entered into a deal totaling $2.5 billion with private equity firm KKR &Co to purchase Capital Safety, a 1,500-person company with overseas business that specializes in safety harnesses, lanyards and other equipment that prevent falls in industrial and construction settings.

AT&T (NYSE: T) (Q2) EPS estimates of 63 cents, compared to 62 cents in the prior-year quarter.

General Motors (NYSE: GM) (Q2) EPS estimates of $1.09, compared to 58 cents in the prior-year quarter.

Canada

Economic lookahead

Retail Sales (May) Following gains in February and March, retail sales edged down 0.1% in April to $42.5 billion.

Employment Insurance (May) There were 521,300 people receiving regular Employment Insurance benefits in April, little changed from March and down 0.4% from 12 months earlier

Featured Earnings

Winpak Ltd. (T.WPK) (Q2) EPS estimates of 43 cents, compared to 30 cents in the prior-year quarter.

MDC Partners Inc. (T.MDZ.A) (Q2) EPS estimates of 23 cents, compared to 36 cents in the prior-year quarter.

RDM Corporation (T.RC) (Q3) EPS estimates of four cents, compared to three cents in the prior-year quarter.


Friday

U.S.

Economic lookahead

PMI Manufacturing Index Flash (July)

New Home Sales Index (June)

Featured Earnings

American Airlines Group Inc. (NASDAQ: AAL) (Q2) EPS estimates of $2.59, compared to $1.98 in the prior-year quarter.

Biogen Inc (NASDAQ: BIIB) (Q2) EPS estimates of $4.07, compared to $3.49 in the prior-year quarter.

Johnson Controls Inc. (JCI) (Q3) EPS estimates of 90 cents, compared to 84 cents in the prior-year quarter.









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