Shortened Week in U.S. as Biden Sworn In

Monday

U.S.

Markets closed for Martin Luther King Day

Tuesday

U.S.

Featured Earnings

Bank of America Corporation (NYSE:BAC) (Q4) EPS projected to be 55 cents, compared to 74 cents in the prior-year quarter.

Goldman Sachs (NYSE:GS) (Q4) EPS projected to be $6.68, compared to $4.69 in the prior-year quarter.

J.B. Hunt Transport Services Inc. (NASDAQ:JBHT) (Q4) EPS projected to be $1.28, compared to $1.35 in the prior-year quarter.

Netflix (NASDAQ:NFLX) (Q4) EPS projected to be $1.38, compared to $1.30 in the prior-year quarter.

Canada

Economic lookahead

Monthly Survey of Manufacturing (Nov.) Manufacturing sales rose 0.3% to $54.1 billion in October on higher sales of non-durable products. Nevertheless, sales in the manufacturing sector were 3.0% below their pre-pandemic levels in February.

Wholesale Trade (Nov.) The sale of wholesale products rose 1.0% in October to $66.7 billion. It was the sixth consecutive increase for the sector.

Wednesday

U.S.

Economic lookahead

National Association of Home Builders index (Jan.)

Inauguration of Joe Biden as President (12 p.m. EST)

Featured Earnings

Alcoa Corporation (NYSE: AA) (Q4) EPS projects for a gain of 16 cents, compared to a loss of 31 cents in the prior-year quarter

Fastenal Company (NASDAQ:FAST) (Q4) EPS projected to be 33 cents, compared to 31 cents in the prior-year quarter

Morgan Stanley (NYSE:MS) (Q4) EPS projected to be $1.24, compared to $1.20 in the prior-year quarter

Procter & Gamble (NYSE:PG) (Q2) EPS projected to be $1.51, compared to $1.42 in the prior-year quarter

Canada

Economic lookahead

Bank of Canada Rate Announcement (10 a.m. EST) (Dec.) The Bank of Canada maintained its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at 0.5% and the deposit rate at 0.25%.

Consumer Price Index (Dec.) Inflation rose 1.0% on a year-over-year basis in November, up from a 0.7% increase in October. On a seasonally adjusted monthly basis, the CPI rose 0.3% in November, matching the increase in October.

Thursday

U.S.

Economic Lookahead

Initial Jobless Claims (Jan. 14)

Housing starts (Dec.)

Building Permits (Dec.)

Featured Earnings

Citrix Systems, Inc. (NASDAQ:CTXS) (Q4) EPS projected to be 81 cents, compared to $1.25 in the prior-year quarter

KeyCorp (NYSE: KEY) (Q1) EPS projected to be 43 cents, compared to 48 cents in the prior-year quarter

PPG (NYSE:PPG) (Q4) EPS projected to be $1.57, compared to $1.31 in the prior-year quarter

The Travelers Companies, Inc. (NYSE: TRV) (Q4) EPS projected to be $2.97, compared to $3.32 in the prior-year quarter

Canada

Economic Lookahead

New Housing Price Index (Dec,) New home buyers saw prices rise 0.6% in November at the national level, with prices up in 21 of the 27 census metropolitan areas surveyed.

Featured Earnings

Richelieu Hardware (TSX:RCH) (Q4) EPS projected to be 39 cents, compared to 50 cents in the prior-year quarter

Friday

Economic lookahead

Markit manufacturing Purchasing Managers Index (Jan.)

Markit services PMI (Jan.)

Existing Home Sales (Dec.)

Featured Earnings

Ally Financial (NYSE: ALLY) (Q4) EPS projected to be $1.01, compared to 95 cents in the prior-year quarter

Huntington Bancshares Incorporated (NASDAQ:HBAN) EPS projected to be 30 cents, compared to 28 cents in the prior-year quarter

Schlumberger Limited (NYSE:SLB) (Q4) EPS projected to be 17 cents, compared to 39 cents in the prior-year quarter

Canada

Economic lookahead

Retail Trade (Nov.) Retail sales edged up 0.4% to $54.6 billion in October, marking the sixth consecutive monthly increase since the record decline in April.

Featured Earnings

Metalla Royalty & Streaming Ltd. (TSX: MTA) (Q2) EPS projected to be 1.3 cents, compared to five cents in the prior-year quarter