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Canadian Markets Enjoy Short Week

Baystreet - Fri Oct 7, 2022

Monday

U.S.

Economic Lookahead

No economic events scheduled for Columbus Day.

Canadian markets are closed for Thanksgiving.

Tuesday

U.S.

Economic Lookahead

NFIB Small-Business Index (Sept.)

Featured Earnings

Pinnacle Financial Partners Inc. (NASDAQ: PNFP) (Q3) EPS estimates for -$1.94, compared to $1.75 in the prior-year quarter.

E2open Parent Holdings Inc. (NYSE:ETWO) (Q2) EPS estimates for a gain of six cents, compared to a loss of two cents in the prior-year quarter.

AZZ Inc. (NYSE: AZZ) (Q2) EPS estimates for $1.82 compared to 76 cents in the prior-year quarter.

Wednesday

U.S.

Economic Lookahead

Producer price index, final demand (Sept.)

FOMC minutes (about 2 p.m. EDT)

Featured Earnings

PepsiCo Inc. (NASDAQ:PEP) (Q3) EPS estimates for $1.84, compared to $1.79 in the prior-year quarter.

Infosys Limited (NYSE:INFY) (Q2) EPS estimates for 18 cents, compared to 17 cents in the prior-year quarter.

Wipro Limited (NYSE:WIT) (Q2) EPS estimates for seven cents, identical to the prior-year quarter.

Thursday

U.S.

Economic Lookahead

Consumer price index (Sept.)

Initial Jobless Claims (week of Oct. 8)

Featured Earnings

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) (Q3) EPS estimates for $1.66, compared to $1.08 in the prior-year quarter.

Wells Fargo & Company (NYSE:WFC) (Q3) EPS estimates for $1.10, compared to $1.17 in the prior-year quarter.

BlackRock Inc. (NYSE:BLK) (Q3) EPS estimates for $8.41, compared to $10.95 in the prior-year quarter.

Friday

U.S.

Economic Lookahead

Retail sales (Sept.)

Import Price Index (Sept.)

Business Inventories (Aug.)

UMich consumer sentiment index (Oct.)

Featured Earnings

UnitedHealth Group Incorporated (NYSE:UNH) EPS estimates for $1.66, compared to $1.08 in the prior-year quarter.

JP Morgan Chase & Co. (NYSE:JPM) (Q3) EPS estimates for $2.97, compared to $3.74 in the prior-year quarter.

Morgan Stanley (NYSE: MS) (Q3) EPS estimates for $1.54, compared to $2.04 in the prior-year quarter.

Canada

Economic Lookahead

Wholesale Trade (Aug.) Wholesale sales fell 0.6% in July, largely due to declines in the personal and household goods subsector.

CREA Stats (Sept.) National home sales edged down 1% on a month-over-month basis in August. Actual (not seasonally adjusted) monthly activity came in 24.7% below August 2021.

Monthly Survey of Manufacturing (Aug.) Manufacturing sales dropped 0.9% in July, mainly on lower sales of primary metals and petroleum and coal products industries.

New Motor Vehicle Sales (August) Canadian auto sales were down 16.2% in July to 130,480 units.