Next Week Light on Data

Monday

U.S.

Featured Earnings

Renesola Ltd. (NYSE:SOL) (Q2) EPS estimates for gain of two cents, compared to a loss of two cents in the prior-year quarter.

Canada

Economic lookahead

International Transaction in Securities (July) Foreign investors reduced their holdings of Canadian securities by $4.0 billion in June, the third divestment in four months. At the same time, Canadian investment in foreign securities increased to $6.6 billion, the largest investment since October 2018.

CREA Stats (August) The Canadian Real Estate Association said home sales rose 3.5% in July from the previous month, the fifth consecutive month of higher sales. CREA also said actual sales, not seasonally adjusted, rose 12.6% from a year earlier, while the group’s Home Price Index was up 0.2% from July last year.


Tuesday

U.S.

Economic lookahead

Redbook Index (Sept.13)

Industrial Production (August)

NAHB Housing Market (Sept.)

Featured Earnings

Adobe Inc. (NASDAQ: ADBE) (Q2) EPS estimates of $1.59, compared to $1.42 in the prior-year quarter.

Apogee Enterprises Inc. (NASDAQ:APOG) (Q2) EPS estimates of 57 cents, compared to 75 cents in the prior-year quarter.

Cracker Barrel Old Country Store Inc. (NASDAQ: CBRL) (Q4)
EPS estimates of $2.43, compared to $2.19 in the prior-year quarter.

FedEx Corporation (NYSE:FDX) (Q2) EPS estimates of 57 cents, compared to 75 cents in the prior-year quarter.

Canada

Economic lookahead

Monthly Survey of Manufacturing (July) Manufacturing sales fell 1.2% to $58.0 billion in June, following a 1.6% increase in May.

Wednesday

U.S.

Economic lookahead

Housing Starts (August)

Building Permits (August)

EIA Crude Oil Stocks Change (Sept. 13)

Federal Open Market Committee Interest Rate Decision

Featured Earnings

General Mills Inc. (NYSE:GIS) (Q1) EPS estimates of 77 cents, compared to 71 cents in the prior-year quarter.

Herman Miller Inc. (NASDAQ:MLHR) (Q1) EPS estimates of 79 cents, compared to 69 cents in the prior-year quarter.

Canada

Economic lookahead

Consumer Price Index (August) Inflation rose 2.0% on a year-over-year basis in July, matching the increase in June. On a seasonally-adjusted monthly basis, the CPI increased 0.4%.

Thursday

U.S.

Economic lookahead

Existing Home Sales (August)

Initial Jobless Claims (Sept. 7-13)

Featured Earnings

Darden Restaurants, Inc., (NYSE: DRI) (Q1) EPS estimates of $1.36, compared to $1.34 in the prior-year quarter.

Steelcase Inc. (NYSE:SCS) (Q2) EPS estimates of 43 cents, compared to 36 cents in the prior-year quarter.


Canada

Economic lookahead

ADP Employment Change (August)

Employment Insurance (July) In June, 442,600 people received regular Employment Insurance benefits, a figure virtually unchanged from the previous month.

Friday

Canada

Economic lookahead

Retail Trade (July) Sales in the retail trade sector were essentially unchanged in June. Stronger sales across most sub-sectors were offset by lower sales at motor vehicle and parts dealers and gasoline stations.