Monday
U.S.
Economic lookahead
Pending Home Sales Index (May) The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. Specifically, it is a leading indicator of existing home sales, not new home sales.
Featured Earnings
Investors Real Estate Trust (IRET) (Q4) EPS estimate of 17 cents, compared to 19 cents in the prior-year quarter. This month, IRET entered into a joint venture to develop more than 240 apartments and 21,000 square feet of retail space in Minnesota
Mandalay Digital Group Inc. (NASDAQ: MNDL) (Q4) EPS estimate of 11 cents. Mandalay, the leading provider of mobile technology solutions, announced this month that it has expanded its relationship with Smart to include direct billing connectivity with its DT Pay product.
Canada
Economic lookahead
Gross Domestic Product (April) Real gross domestic product by industry edged up 0.1% on a monthly basis in March.
Featured Earnings
Sandvine Corporation (T.SVC) (Q2) EPS estimate of three cents, compared to one cent in the prior-year quarter. Sandvine announced this month Philippine-based Smart Communication was using Sandvine solutions to support PowerApp - the world's first mobile Internet store - which allows users to purchase "bite-sized", application-specific, mobile service plans to fit their particular preferences and needs.
Niko Resources Ltd. (T.NKO) (Q4) EPS estimate of loss of 23 cents, compared to a loss of $1.49 in the prior-year quarter.
Allana Potash Corp. (T.AAA) (Q4) EPS estimate of breakeven, identical to the prior-year quarter. Allana announced this week that significant progress had been made so far this year on its potash projectin Ethiopia – progress that pertained to all areas of critical pre-construction project work such as technical optimization studies, bank debt financing and infrastructure development.
Tuesday
U.S.
Economic lookahead
ICSC-Goldman Store Sales (Weekly)
Purchasing Managers’ Manufacturing Index (June) This index is based on monthly questionnaire surveys of selected companies which provide an advance indication of what is really happening in the private sector economy.
Institute for Supply Management Manufacturing Index (June) By tracking economic data such as the ISM manufacturing index, investors will know what the economic backdrop is for the various markets.
Construction Spending (May) This index calculates the dollar value of new construction activity on residential, non-residential, and public projects. Data are available in nominal and real (inflation-adjusted) dollars.
Featured Earnings
Acuity Brands Inc. (NYSE: AYI) (Q3) EPS estimate of $1.13, compared to 97 cents in the prior-year quarter. This month, Acuity expanded its Acuity Controls portfolio with two new wireless lighting control and energy management solutions, which claim to offer substantial energy savings and reduced installation costs for both new construction and retrofit applications.
CalAmp Corp. (NASDAQ: CAMP) (Q1) EPS estimate of 16 cents, compared to 14 cents in the prior-year quarter.
Franklin Covey Co. (NYSE: FC) (Q3) EPS estimate of 13 cents, identical to prior-year quarter.
Canada
Markets closed for Canada Day
Wednesday
U.S.
Economic lookahead
EIA Petroleum Status Report (June 23-27)
ADP Employment Report (June) The ADP national employment report is computed from a subset of ADP records that represent approximately 400,000 U.S. business clients and approximately 23 million U.S. employees working in all private industrial sectors.
Factory Orders (May) Factory orders represent the dollar level of new orders for both durable and nondurable goods.
Featured Earnings
Paychex Inc (NASDAQ: PAYX) (Q4) EPS estimate of 40 cents, compared to 38 cents in the prior-year quarter.
Constellation Brands Inc. (NYSE: STZ) (Q1) EPS estimate of 92 cents, compared to 38 cents in the prior-year quarter.
SYNNEX (NYSE: SNX) (Q2) EPS estimate of $1.38, compared to 81 cents in the prior-year quarter.
Thursday
U.S.
Economic lookahead
Weekly jobless claims (June 23-27)
Employment Situation (June)
International Trade (May)
PMI Services Index (June) This index is based on monthly questionnaire surveys collected from over 400 U.S. companies which provide a leading indication of what is happening in the private sector services economy.
ISM Non-manufacturing Index (June) The non-manufacturing ISM surveys more than 375 firms from numerous sectors across the United States, including agriculture, mining, construction, transportation, communications, wholesale trade and retail trade.
Featured Earnings
International Speedway Corp (NASDAQ: ISCA) (Q2) EPS estimate of 50 cents, compared to 51 cents in the prior-year quarter.
Canada
Economic lookahead
International Merchandise Trade (May) Canada's merchandise exports declined 1.8% while imports increased 1.4% in April. That means our trade balance with the world went from a surplus of $766 million in March to a deficit of $638 million in April.
Friday
U.S.
Markets closed for Independence Day
Canada
Featured Earnings
Richelieu Hardware Ltd. (T.RCH) (Q2) EPS estimate of 65 cents, compared to 58 cents in the prior-year quarter. In its last quarter, Richelieu announced that consolidated sales had ballooned 8% over the same quarter the year before, to $136 million, with earnings per share up 12.8% over the same period.
MTY Food Group Inc. (T.MTY) (Q2) EPS estimate of 36 cents, compared to 33 cents in the prior-year quarter.
