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Markets Head into Christmas with Sparse Economic Lineup

Baystreet - Fri Dec 16, 2022

Monday

U.S.

Economic Lookahead

NAHB Home Builders Index (Dec.)

Featured Earnings

HEICO Corporation (NYSE:HEI) (Q4) EPS estimates for 70 cents, compared to 62 cents in the prior-year quarter.

Carnival Corporation (NYSE:CCL) (Q4) EPS estimates for loss of 87 cents, compared to loss of $1.72 in the prior-year quarter.

Steelcase Inc. (NYSE: SCS) (Q3) EPS estimates of 19 cents, compared to eight cents in the prior-year quarter.

Canada

Economic Lookahead

Raw Materials Price Index (Nov.) The index increased 1.3% monthly in October, and posted a 9.0% year-over-year increase.

Industrial Product Price Index (Nov.) The index rose 2.4% monthly in October, and increased 10.1% year over year

Featured Earnings

HEXO Corp. (T.HEXO) (Q4) EPS estimates for loss of two cents, compared to loss of 19 cents in the prior-year quarter.

Tuesday

U.S.

Economic Lookahead

Building Permits

Housing Starts (Nov.)

Featured Earnings

NIKE, Inc. (NYSE:NKE) (Q2) EPS estimates for 66 cents, compared to 83 cents in the prior-year quarter.

General Mills Inc. (NYSE:GIS) (Q2) EPS estimates for $1.06, compared to 99 cents in the prior-year quarter.

FedEx Corp. (NYSE:FDX) (Q3) EPS estimates for $2.78 compared to $4.83 in the prior-year quarter.

Canada

Economic Outlook

Retail Trade (Oct.) Retail sales decreased 0.5% to $61.1 billion in September.

Featured Earnings

BlackBerry Limited (T.BB) (Q3) EPS estimates for loss of seven cents, compared to loss of 11 cents in the prior-year quarter.

Wednesday

U.S.

Economic Lookahead

Current Accounts Deficit (Q3)

Consumer Confidence Index (Dec.)

Existing Home Sales (Nov.)

Featured Earnings

Micron Technology (NASDAQ:MU) (Q1) EPS estimates for loss of 10 cents compared to a gain of $2.07 in the prior-year quarter.

Cintas Corporation (NASDAQ:CTAS) (Q2) EPS estimates for $3.02, compared to $2.76 in the prior-year quarter.

The Toro Company (NYSE:TTC) (Q4) EPS estimates for $1.11, compared to 56 cents in the prior-year quarter.

Canada

Economic Lookahead

Consumer Price Index (Oct.) CPI rose 6.9% on a year-over-year basis in October, matching the increase in September. On a seasonally adjusted monthly basis, the CPI increased 0.6% in October.

New Housing Price Index (Nov.) New home prices in Canada declined by 0.2% month over month in October, following the 0.1% decline recorded in the previous month.

Featured Earnings

TRYP Therapautics Ltd. (C.TRYP) (Q1) EPS estimates for loss of three cents, compared to loss of one cent in the prior-year quarter.

Thursday

U.S.

Economic Lookahead

Initial Jobless Claims (week of Dec. 17)

Real GDP Revision (Q3.)

Leading Economic Indicators (Dec.)

Featured Earnings

Paychex Inc. (NASDAQ:PAYX) (Q2) EPS estimates for 97 cents, compared to 91 cents in the prior-year quarter.

CarMax Inc (NYSE: KMX) (Q3) EPS estimates for 63 cents, compared to $1.53 cents in the prior-year quarter.

Mission Produce, Inc. (NASDAQ: AVO) (Q4) EPS estimates for 39 cents, compared to 24 cents in the prior-year quarter.

Canada

Economic Lookahead

Payroll Employment (Oct.) The Survey of Employment, Payrolls and Hours—rose by 85,300 (+0.5%) in September.

Featured Earnings

Legend Power Systems Inc. (T.LPS) (Q4) EPS estimates for gain of one cent, compared to loss of one cent in the prior-year quarter.

Neptune Digital Assets Corp. (TSXV: NDA) (Q1) EPS estimates for breakeven, compared to loss of four cents in the prior-year quarter.

Premier Health of America Inc. (TSXV: PHA) (Q4) EPS estimates for 0.5 cents, compared to 0.7 cents in the prior-year quarter.

Friday

U.S.

Economic Lookahead

PCE Price Index (Nov.)

Consumer Spending (Nov.)

Durable Goods Orders (Nov.)

New Home Sales (Nov.)

UMichigan Consumer Sentiment Index – late (Dec.)

Featured Earnings

None Available

Canada

Economic Lookahead

Gross Domestic Product (Nov.) Real GDP rose 0.7% in the third quarter, the fifth consecutive quarterly increase.

Featured Earnings

Microbix Biosystems Inc. (T.MBX) (Q4) EPS estimates for 0.25 cents, compared to 0.4 cents in the prior-year quarter.