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Inflation, Housing Stats Due Next Week in Canada

Monday

U.S.

Economic Lookahead

Empire State manufacturing survey (May)

Featured Earnings

Catalent Inc. (NYSE: CTLT) (Q3) Reported EPS of 51 cents, compared to one dollar in the prior-year quarter.

XP Inc. (NASDAQ: XP) (Q4) Reported EPS of $7.13 compared to $5.83 in the prior-year quarter.

TPG Inc. (NASDAQ: TPG) (Q1) Reported EPS of 32 cents, compared to 52 cents in the prior-year quarter.

Canada

Economic Lookahead

Wholesale Trade (March) Wholesale sales declined 1.7% to $85.6 billion in February. Decreased sales in the motor vehicle and motor vehicle parts and accessories and the food, beverage and tobacco subsectors led the decline.

Featured Earnings

Absolute Software Corporation (T.ABST) (Q3) Reported EPS for loss of seven cents compared to loss of 13 cents in the prior-year quarter.

Centerra Gold Inc. (T.CG) (Q1) Reported EPS for loss of five cents, compared to loss of six cents in the prior-year quarter.

Constellation Software Inc. (T.CSU) (Q1) Reported EPS for $13.57, compared to $16.44 in the prior-year quarter.

Dorel Industries Inc. (T.DII.B) (Q1) Reported EPS for loss of 53 cents, compared to loss of $1.22 in the prior-year quarter.

Premium Brands Holdings Corporation (T.PBH) (Q1) Reported EPS for 77 cents, compared to $1.19 in the prior-year quarter.

Tuesday

U.S.

Economic Lookahead

Retail Trade (April)

Industrial Production (April)

Home builder confidence index (May)

Featured Earnings

Home Depot Inc. (NYSE:HD) (Q1) Reported EPS of $3.83, compared to $4.09 to the prior-year quarter.

Sea Limited (NYSE:SE) (Q1) Reported EPS for gain of 38 cents, compared to loss of $1.04 in the prior-year quarter.

Baidu, Inc. (NASDAQ: BIDU) (Q1) Reported EPS for $1.57, compared to $1.38 in the prior-year quarter.

Canada

Economic Lookahead

Monthly Survey of Manufacturing (Mar.) Manufacturing sales declined 3.6% in February, mainly on lower sales in the petroleum and coal product, motor vehicle and primary metal industries.

Consumer Price Index (April) CPI rose 4.3% on a year-over-year basis in March, following a 5.2% increase in February. On a seasonally-adjusted monthly basis, the CPI rose 0.1% in March.

Housing Starts (April) Housing starts in Canada slipped by 11% over a month earlier to 213,865 units in March 2023, undershooting market expectations of 227,800 units.

Featured Earnings

Ascot Resources Ltd. (T.AOT) (Q1) Reported EPS for loss of six cents compared to loss of two cents in the prior-year quarter.

DREAM Unlimited Corp. (T.DRM) (Q1) Reported EPS for gain of 37 cents, compared to loss of $1.20 in the prior-year quarter.

High Liner Foods Incorporated (T.HLF) (Q1) Reported EPS for 53 cents, compared to 35 cents in the prior-year quarter.

Park Lawn Corporation (T.PLC) (Q1) Reported EPS for 32 cents, compared to 33 cents in the prior-year quarter.

Wednesday

U.S.

Economic Lookahead

Housing Starts (April)

Featured Earnings

Cisco Systems Inc. (NASDAQ: CSCO) (Q3) Reported EPS of 87 cents compared to 78 cents in the prior-year quarter.

TJX Companies Inc. (NYSE: TJX) (Q1) Reported EPS for 71 cents, compared to 68 cents in the prior-year quarter.

Synopsys Inc. (NASDAQ:SNPS) (Q2) Reported EPS of $1.66, compared to $1.89 in the prior-year quarter.

Canada

Economic Lookahead

Canada's International Transactions in Securities (Mar.) Foreign investment in Canadian securities totalled $4.6 billion in February, led by acquisitions of corporate bonds. Meanwhile, Canadian investors reduced their exposure to foreign securities by $1.6 billion, a third consecutive month of divestment.

CREA Stats MLS (April) National home sales rose 1.4% month-over-month in March. Actual (not seasonally-adjusted) monthly activity came in 34.4% below March 2022.

Featured Earnings

Alvopetro Energy Ltd. (T.ALV) (Q1) Reported EPS of 28 cents, compared to 14 cents in the prior-year quarter.

Horizonte Minerals Plc. (T.HZM) (Q1) Reported EPS for loss of 27 cents, compared to loss of 14 cents in the prior-year quarter.

Tidewater Midstream and Infrastructure Ltd. (T.TWM) (Q1) Reported EPS for gain of three cents, compared to loss of seven cents in the prior-year quarter.

Thursday

U.S.

Economic Lookahead

Initial Jobless Claims (week of May 13)

Existing home sales (April)

U.S. leading economic indicators (April)

Featured Earnings

Walmart Inc. (NYSE:WMT) (Q1) Reported EPS for $1.30, identical to the prior-year quarter.

Alibaba Group Holding Limited (NYSE:BABA) (Q4) Reported EPS for 92 cents, compared to $1.45 in the prior-year quarter.

Applied Materials Inc. (NASDAQ: AMAT) (Q2) Reported EPS for $1.84, compared to $1.85 in the prior-year quarter.

Canada

Economic Lookahead

New Housing Price Index (April) The national index was flat month over month in March, following decrease of 0.2% in February.

Featured Earnings

CAE Inc. (T.CAE) (Q4) Reported EPS for 35 cents compared to 28 cents in the prior-year quarter.

Canada Goose Holdings Inc. (T.GOOS) (Q4) Reported EPS of seven cents, compared to $1.27 in the prior-year quarter.

Heroux-Devtek Inc. (T.HRX) (Q4) EPS for 13 cents, compared to five cents in the prior-year quarter.

Lightspeed Commerce Inc. (T.LSPD) (Q4) Reported EPS for loss of three cents, compared to breakeven in the prior-year quarter.

Friday

U.S.

Featured Earnings

Deere & Company (NYSE: DE) (Q1) Reported EPS of $8.51 compared to $6.81 in the prior-year quarter.

Foot Locker, Inc. (NYSE: FL) (Q1) Reported EPS for 78 cents, compared to $1.60 in the prior-year quarter.

Greenwich LifeSciences Inc. (NASDAQ: GLSI) (Q2) Reported EPS for loss of 23 cents, compared to a loss of 15 cents in the prior-year quarter.

Canada

Economic Lookahead

Retail Trade (March) Retail sales decreased 0.2% to $66.3 billion in February.

Featured Earnings

Pond Technologies Holdings Inc. (T.POND) (Q1) Reported EPS for loss of one cent, compared to loss of three cents in the prior-year quarter.

Probe Gold Inc. (T.PRB) (Q1) Reported EPS for loss of one cent, compared to loss of two cents to the prior-year quarter.