Inflation Numbers Out Next Week

Monday

U.S.

Economic lookahead

NAHB Housing Market Index (Dec.)

Featured Earnings

HEICO Corporation (NYSE: HEI) (Q4) EPS estimates of 49 cents, compared to 40 cents in the prior-year quarter.

Oracle Corporation (NYSE: ORCL) (Q2) EPS estimates of 70 cents, compared to 62 cents in the prior-year quarter.

Red Hat Inc. (NYSE: RHT) (Q3) EPS estimates of 63 cents, compared to 54 cents in the prior-year quarter.

Canada

Economic lookahead

Canada's International Transactions in Securities (Oct.) Foreign investment in Canadian securities totaled $7.7 billion in September, mainly acquisitions of money market instruments. At the same time, Canadian investment in foreign securities resumed to reach $10.6 billion, led by purchases of non-U.S. instruments.

CREAstats - MLS Sales (Nov.) Home sales edged back by 1.6% in October 2018. While activity is still stronger compared to the first half of 2018, it remains below monthly levels recorded from early 2014 through 2017.

Tuesday

U.S.

Economic lookahead

Housing Starts (Nov.)

Building Permits (Nov.)

Redbook (Weekly)

Featured Earnings

AAR Corp. (NYSE:AIR) (Q2) EPS estimates of 57 cents, compared to 35 cents in the prior-year quarter.

Darden Restaurants Inc. (NYSE:DRI) (Q2) EPS estimates of 91 cents, compared to 73 cents in the prior-year quarter.

Jabil Inc. (NYSE:JBL) (Q1) EPS estimates of 69 cents, compared to 51 cents in the prior-year quarter.

Navistar International Corporation (NYSE: NAV) (Q4) EPS estimates of $1.68, compared to $1.43 in the prior-year quarter.

Canada

Economic lookahead

Employment Insurance (Oct.) In September, 446,500 people received regular Employment Insurance benefits, down 14,300 (-3.1%) from August.

Monthly Survey of Manufacturing (Oct.) Manufacturing sales edged up 0.2% in September to $58.5 billion, following a 0.5% decrease in August.

Wednesday

U.S.

Economic lookahead

Existing Home Sales (Nov.)

Federal Open Market Committee Interest Rate Decision

EIA Petroleum Status Report (Dec. 8-14)

Featured Earnings

General Mills Inc. (NYSE: GIS) (Q2) EPS estimates of $1.68, compared to $1.43 in the prior-year quarter.

Herman Miller Inc. (NASDAQ: MLHR) (Q2) EPS estimates of 72 cents, compared to 57 cents in the prior-year quarter.

Paychex Inc. (NASDAQ: PAYX) (Q2) EPS estimates of 63 cents, compared to 59 cents in the prior-year quarter.

Winnebago Industries Inc. (NYSE: WGO) (Q1) EPS estimates of 57 cents, identical to the prior-year quarter.

Canada

Economic lookahead

Consumer Price Index (Nov,) CPI rose 2.4% year over year in October, following a 2.2% increase in September. On a seasonally-adjusted monthly basis, the CPI was up 0.3% in October, after declining 0.1% in September.

Thursday

U.S.

Economic lookahead

Initial Jobless Claims (Dec. 8-14)

Featured Earnings

Accenture plc (NYSE:ACN) (Q1) EPS estimates of $1.85, compared to $1.79 in the prior-year quarter.

Apogee Enterprises Inc. (NASDAQ: APOG) (Q3) EPS estimates of 83 cents, compared to 90 cents in the prior-year quarter.

ConAgra Brands Inc. (NYSE: CAG) (Q2) EPS estimates of 57 cents, compared to 55 cents in the prior-year quarter.

Nike Inc. (NYSE: NKE) (Q2) EPS estimates of 45 cents, compared to 46 cents in the prior-year quarter.


Canada

Economic lookahead

Wholesale Trade (Oct.) Wholesale sales declined in September for a second consecutive month, down 0.5% to $63.2 billion. Lower sales were recorded in five of seven sub-sectors.

Average Weekly Earnings (Oct.) Average weekly earnings of non-farm payroll employees were $1,004 in September, little changed from the previous month. Compared with 12 months earlier, earnings increased 1.8%.

Retail Sales (Oct.) Retail sales edged up 0.2% to $50.9 billion in September following a relatively flat August.

Featured Earnings

BlackBerry (T.BB) (Q3) EPS estimates of two cents, compared to three cents in the prior-year quarter.

HEXO Corp. (T.HEXO) (Q1) EPS estimates for loss of one cent, compared to a loss of four cents in the prior-year quarter. 

Friday

U.S.

Economic Lookahead

Personal Consumption Expenditures (Nov.)

Gross Domestic Product (Q3)

Durable Goods Orders (Nov.)

Michigan Consumer Sentiment Index (Dec.)

Featured Earnings

CarMax Inc (NYSE: KMX) (Q3) EPS estimates of $1.01, compared to 81 cents in the prior-year quarter.


Canada

Economic Lookahead

Gross Domestic Product (Oct.) GDP grew 0.5% in the third quarter, following a 0.7% increase in the second quarter. Real GDP edged down 0.1% in September, following seven consecutive months of growth.

Retail Sales (Oct.) Retail sales edged up 0.2% to $50.9 billion in September following a relatively flat August.