Short Week Ahead for Canadian Markets

Monday

U.S.

Economic lookahead

PMI Mfg. Index (July)

ISM Mfg Index (July)

Construction Spending (June)

Featured Earnings

Allstate Corp. (NYSE: ALL) (Q2) EPS estimates of 94 cents, compared to $1.01 in the prior-year quarter.

Clorox Co. (NYSE: CLX) (Q2) EPS estimates of $1.36, compared to $1.40 in the prior-year quarter.

Loews Corp. (NYSE: L) (Q2) EPS estimates of 70 cents, compared to 79 cents in the prior-year quarter.


Canada

Markets in Toronto are closed for Civic Holiday

Tuesday

U.S.

Economic lookahead

Factory Orders (June)

Redbook (Weekly)

Featured Earnings

Archer-Daniels-Midland Co. (NYSE: ADM) (Q2) EPS estimates of 67 cents, compared to 77 cents in the prior-year quarter.

Coach Inc. (NYSE: COH) (Q4) EPS estimates of 29 cents, compared to 59 cents in the prior-year quarter.

Juniper Pharmaceuticals Inc (NASDAQ: JNP) (Q2) EPS estimates for loss of two cents, compared to loss of one cent in the prior-year quarter.

Canada

Featured Earnings

Saputo Inc. (T.SAP) (Q1) EPS estimates of 35 cents, compared to 37 cents in the prior-year quarter.

Wednesday

U.S.

Economic lookahead

ADP Employment Report (July)

International Trade (June)

EIA Petroleum Status Report (July 27- Aug.3)

ISM Non-Mfg. Index (July)


Featured Earnings

CBS (NYSE: CBS) (Q2) EPS estimates of 72 cents, compared to 78 cents in the prior-year quarter. On July 28, CBS’ Board of Directors approved a quarterly dividend on the Company's stock of $0.15 per share. The dividend is payable on October 1, to shareholders of record on September 10

Gulfport Energy Corporation (NASDAQ: GPOR) (Q2) EPS estimates for loss of 17 cents, compared to gain of seven cents in the prior-year quarter.

Ralph Lauren Corp (NYSE: RL) (Q1) EPS estimates of $1.01, compared to $1.80 in the prior-year quarter.

Canada

Economic lookahead

Canada's exports declined 0.6% in May while imports edged up 0.2%. As a result, Canada's merchandise trade deficit with the world widened from $3.0 billion in April to $3.3 billion in May.

Featured Earnings

Great-West Lifeco Inc. (T.GWO) (Q2) EPS estimates of 69 cents, compared to 62 cents in the prior-year quarter. In early July, Great West’s European subsidiary, Canada Life Group, has completed its previously announced acquisition of Legal & General International (Ireland) Limited. Terms of the transaction were not disclosed.

Allied Properties Real Estate Investment Trust (T.AP.UN) (Q2) EPS estimates of 47 cents, compared to 27 cents in the prior-year quarter.

Genworth MI Canada Inc. (T.MIC) (Q2) EPS estimates of 96 cents, compared to $1.04 in the prior-year quarter.

Paramount Resources Ltd. (T.POU) (Q2) EPS estimates for loss of 58 cents, compared to gain of 53 cents in the prior-year quarter.

Sun Life Financial Inc. (T.SLF) (Q2) EPS estimates of 82 cents, compared to 81 cents in the prior-year quarter.

Agrium Inc. (T.AGU) (Q2) EPS estimates of $4.81, compared to $4.37 in the prior-year quarter.

Barrick Gold Corporation (T.ABX) (Q2) EPS estimates of six cents, compared to 14 cents in the prior-year quarter. On July 30, Barrick agreed to sell a 50% interest in its Zaldivar copper mine in Chile to Antofagasta for about $1 billion.



Thursday

U.S.

Economic lookahead

Weekly jobless claims (July 27-Aug. 3)

Federal Balance Sheet


Featured Earnings

Michael Kors Holdings (NYSE: KORS) (Q1) EPS estimates of 76 cents, compared to 91 cents in the prior-year quarter.

Orbitz Worldwide Inc. (NYSE: OWW) (Q2) EPS estimates of eight cents, compared to six cents in the prior-year quarter. In the last week of July, came word that the U.S. Department of Justice was ready to give its approval to Expedia's $1.6-billion acquisition of Orbitz, with official approval possibly arriving by the end of August.

Skullcandy Inc. (NASDAQ: SKUL) Q2) EPS estimates of two cents, compared to six cents in the prior-year quarter.


Canada

Featured Earnings

Canadian Natural Resources Limited (T.CNQ) (Q2) EPS estimates of eight cents, compared to $1.04 in the prior-year quarter.

IGM Financial Inc. (T.IGM) (Q2) EPS estimates of 82 cents, compared to 81 cents in the prior-year quarter.

BCE Inc. (T.BCE) (Q2) EPS estimates of 87 cents, compared to 82 cents in the prior-year quarter. Late in June, Bell Canada announced it was planning a $922-million investment to build out a one-gigabit fibre-to-the-home service, "Gigabit Fibe," targeting 1.1 million homes and businesses in Toronto

Manulife Financial Corporation (T.MFC) (Q2) EPS estimates of 45 cents, compared to 36 cents in the prior-year quarter.


Friday

U.S.

Economic lookahead

Employment Situation (July)

Featured Earnings

The E.W. Scripps Co (NYSE: SSP) (Q2) EPS estimates for loss of 21 cents, compared to gain of nine cents in the prior-year quarter. In the third week of July, Scripps acquired podcast industry leader Midroll Media, a five-year-old Los Angeles-based company that creates original podcasts and operates a network that generates revenue for more than 200 shows, including "StartUp" and "Nerdist."

Hershey Foods Corp. (NYSE: HSY) (Q2) EPS estimates of 74 cents, compared to 76 cents in the prior-year quarter.

JD.com Inc. (NASDAQ: JD) (Q2) EPS estimates for loss of nine cents, compared to a loss of 35 cents in the prior-year quarter.


Canada

Economic lookahead

Labour Force Survey (July) Employment was virtually unchanged in June (down 6,400 jobs), as gains in full-time work were offset by losses in part-time. The unemployment rate held steady at 6.8% for the fifth consecutive month.

Building permits (June) The total value of building permits fell 14.5% to $6.7 billion in May, following two months of double-digit gains.

Featured Earnings

TELUS Corporation (T.T) (Q2) EPS estimates of 66 cents, compared to 62 cents in the prior-year quarter.

Power Financial Corporation (T.PWF) (Q2) EPS estimates of 80 cents, compared to 77 cents in the prior-year quarter.

Brookfield Asset Management Inc. (T.BAM.A) (Q2) EPS estimates of 29 cents, compared to 79 cents in the prior-year quarter.

Magna International Inc. (T.MG) (Q2) EPS estimates of $1.17, compared to $1.19 in the prior-year quarter.

Power Corporation of Canada (T.POW) (Q2) EPS estimates of 74 cents, compared to 70 cents in the prior-year quarter.

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