North American Morning Briefing : Futures Dip As a -2-

January 05, 2023 at 06:19 am EST

Germany's trade surplus for November increased on month but overall trade flows declined, a sign of a slowing economy as high energy prices and rising interest rates take a toll on demand for goods.

The German adjusted trade surplus--the balance of exports and imports of goods--stood at 10.8 billion euros ($11.45 billion) in November, up from the EUR6.8 billion surplus registered in October, data from the country's statistics office Destatis showed Thursday.

Pope Francis Presides Over Funeral for Pope Benedict XVI

VATICAN CITY-Pope Francis presided over the funeral of his predecessor Pope Benedict XVI on Thursday, in a solemn and grand ceremony, but one that did not focus on the deceased's life or accomplishments.

Francis's homily was mostly a meditation on the last words of Jesus, from the Gospel reading earlier in the Mass. The pope mentioned Benedict only in a few remarks, recalling "the wisdom, tenderness and devotion that he bestowed upon us over the years."

Washington, D.C. to Overhaul Criminal Code Despite Mayor's Objections, Council Member Says

A Washington, D.C. council member says officials plan to push through an overhaul of the district's criminal code despite a veto issued Wednesday by Mayor Muriel Bowser, who said the proposed changes would weaken public safety at a time of heightened concern about crime.

Council member Charles Allen, who led the public-safety committee when the district council passed the overhaul bill in November, indicated that the council would vote to override the veto. The body's next legislative meeting is scheduled for Feb. 7, but a representative for Mr. Allen said it is possible a meeting could happen sooner.

Write to ina.kreutz@wsj.com TODAY IN CANADA

Earnings:

Nothing major scheduled

Economic Indicators (ET):

0815 Dec Official International Reserves

0830 Nov International merchandise trade

Stocks to Watch:

ATS Receives $81.3M of EV Orders

Celltrion's Anticancer Biosimilar Drug Approved for Sale in Canada; Health Canada Approved Vegzelma, a Copy of Bevacizumab Branded as Avastin; Vegzelma Has Been Approved for Sale in 35 Countries So Far

Expected Major Events for Thursday

00:01/UK: 1Q Manpower UK Employment Outlook Survey

05:00/JPN: Dec Auto sales

05:00/JPN: Dec Consumer Confidence Survey

05:01/US: 1Q Manpower U.S. Employment Outlook Survey

07:00/GER: Nov Foreign Trade

09:00/UK: Dec UK monthly car registrations figures

09:00/ITA: 3Q General Govt Quarterly Accounts

09:30/UK: Dec UK Official Reserves

09:30/UK: Dec S&P Global / CIPS UK Services PMI

09:30/UK: Dec Narrow money (Notes & Coin) and reserve balances

10:00/ITA: Dec Provisional CPI

10:00/ITA: Dec Cities CPI

12:30/US: Dec Challenger Job-Cut Report

13:15/US: Dec ADP National Employment Report

13:15/CAN: Dec Official International Reserves

13:30/CAN: Nov International merchandise trade

13:30/US: Nov U.S. International Trade in Goods & Services

13:30/US: 12/31 Unemployment Insurance Weekly Claims Report - Initial Claims

14:45/US: Dec US Services PMI

15:30/US: 12/30 EIA Weekly Natural Gas Storage Report

16:00/US: 12/30 EIA Weekly Petroleum Status Report

16:00/US: Dec Global Services PMI

17:00/US: Dec Monthly U.S. Retail Chain Store Sales Index

21:30/US: Federal Discount Window Borrowings

21:30/US: Foreign Central Bank Holdings

All times in GMT. Powered by Onclusive and Dow Jones.

Expected Earnings for Thursday

Aehr Test Systems (AEHR) is expected to report for 2Q.

AngioDynamics (ANGO) is expected to report $-0.18 for 2Q.

Buckle Inc (BKE) is expected to report.

Chase Corp (CCF) is expected to report for 1Q.

Conagra Brands Inc (CAG) is expected to report $0.65 for 2Q.

Constellation Brands Inc (STZ) is expected to report $2.96 for 3Q.

Costco Wholesale Corp (COST) is expected to report.

Duck Creek Technologies Inc (DCT) is expected to report for 1Q.

EBET Inc (EBET) is expected to report for 4Q.

Educational Development Corp (EDUC) is expected to report for 3Q.

Ford Motor Company (F) is expected to report.

Franklin Covey Co (FC) is expected to report $0.28 for 1Q.

Kura Sushi USA Inc (KRUS) is expected to report for 1Q.

Lamb Weston Holdings Inc (LW) is expected to report $0.73 for 2Q.

Lindsay Corp (LNN) is expected to report $1.19 for 1Q.

MSC Industrial Direct Co Inc (MSM) is expected to report $1.46 for 1Q.

Neogen Corp (NEOG) is expected to report $-0.08 for 2Q.

Park Aerospace Corp (PKE) is expected to report for 3Q.

Provident Bancorp Inc (PVBC) is expected to report for 3Q.

RPM International Inc (RPM) is expected to report $1.13 for 2Q.

Schnitzer Steel Industries Inc (SCHN) is expected to report $0.58 for 1Q.

Simply Good Foods (SMPL) is expected to report $0.38 for 1Q.

Walgreens Boots Alliance Inc (WBA) is expected to report $0.94 for 1Q.

ANALYST RATINGS ACTIONS

Air Products & Chemicals Cut to Hold From Buy by Vertical Research

American Well Raised to Buy From Neutral by B of A Securities

Amplitude Raised to Buy From Neutral by B of A Securities

Apollo Endosurgery Cut to Hold From Buy by Stifel

AvalonBay Cut to Hold From Buy by Deutsche Bank

Bank of New York Mellon Raised to Buy From Neutral by Goldman Sachs

Bank of New York Mellon Raised to Outperform From Peer Perform by Wolfe Research

BigCommerce Holdings Cut to Neutral From Buy by B of A Securities

Boston Beer Cut to Underperform From Hold by Jefferies

Boston Properties Cut to Hold From Buy by Deutsche Bank

Burlington Stores Raised to Hold From Sell by Loop Capital

Celanese Raised to Outperform From Sector Perform by RBC Capital

CH Robinson Worldwide Cut to Neutral From Buy by B of A Securities

CH Robinson Worldwide Cut to Sell From Neutral by UBS

Charles Schwab Raised to Buy From Neutral by Goldman Sachs

Chart Industries Raised to Strong Buy From Market Perform by Raymond James

Corning Raised to Outperform From Neutral by Credit Suisse

Cousins Properties Cut to Underperform From Neutral by Mizuho

Crown Holdings Cut to Neutral From Outperform by Baird

CS Disco Cut to Underperform From Neutral by B of A Securities

CS Disco Raised to Buy From Hold by Canaccord Genuity

Deciphera Pharmaceuticals Raised to Buy From Neutral by Guggenheim

Digital Realty Cut to Underperform From Neutral by Credit Suisse

Duck Creek Technologies Cut to Underperform From Neutral by B of A Securities

Emerson Electric Cut to Neutral From Buy by UBS

Enfusion Cut to Underperform From Neutral by B of A Securities

Etsy Raised to Buy From Hold by Needham

Forward Air Cut to Hold From Buy by Jefferies

Freshworks Cut to Hold From Buy by Canaccord Genuity

Goldman Sachs Cut to Peer Perform From Outperform by Wolfe Research

Hayward Holdings Raised to Buy From Hold by Jefferies

Honeywell Intl Cut to Sell From Buy by UBS

Independence Realty Trust Cut to Hold From Buy by Deutsche Bank

Invitation Homes Cut to Hold From Buy by Deutsche Bank

JB Hunt Cut to Sell From Neutral by UBS

JFrog Raised to Buy From Neutral by B of A Securities

Kimberly-Clark Cut to Hold From Buy by Jefferies

Merck Raised to Buy From Neutral by B of A Securities

Microsoft Cut to Neutral From Buy by UBS

Morgan Stanley Cut to Neutral From Buy by UBS

Morgan Stanley Cut to Underperform From Outperform by Wolfe Research

National Beverage Cut to Underperform From Hold by Jefferies

NextEra Energy Partners Raised to Market Perform From Underperform by Raymond James

Norfolk Southern Cut to Equal-Weight From Overweight by Wells Fargo

Northern Trust Cut to Neutral From Buy by Goldman Sachs

NOV Raised to Overweight From Equal-Weight by Morgan Stanley

O-I Glass Raised to Buy From Neutral by Citigroup

Overstock.com Cut to Hold From Buy by Needham

Pfizer Cut to Neutral From Buy by B of A Securities

Phathom Pharma Shares Drop 39% After Delay of Vonoprazen Launch

PowerSchool Raised to Buy From Neutral by B of A Securities

Rapid7 Cut to Equal-Weight From Overweight by Barclays

Retail Opp Investment Cut to Market Perform From Outperform by Raymond James

RPT Realty Cut to Hold From Buy by Deutsche Bank

Saul Centers Cut to Market Perform From Outperform by Raymond James

Sealed Air Cut to Neutral From Buy by Citigroup

Seer Cut to Underperform From Neutral by B of A Securities

SM Energy Cut to Neutral From Overweight by JP Morgan

Subscribers: Disregard Morgan Stanley Ratings Headlines

TransUnion Raised to Overweight From Equal-Weight by Morgan Stanley

Veeva Systems Raised to Overweight From Equal-Weight by Barclays

Vera Therapeutics Cut to Hold From Buy by Jefferies

Vera Therapeutics Cut to Neutral From Outperform by Wedbush

Vornado Raised to Neutral From Underperform by Mizuho

Xylem Cut to Underperform From Market Perform by Raymond James

ZoomInfo Technologies Cut to Neutral From Buy by B of A Securities

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

01-05-23 0618ET

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BOSTON PROPERTIES, INC.	62.94 USD	+0.02%	+8.61%	9.88B
ETSY, INC.	66.87 USD	-2.17%	-0.92%	7.84B
SEALED AIR CORPORATION	31.72 USD	+0.76%	+1.90%	4.62B
RAPID7, INC.	46.49 USD	+0.69%	+6.14%	2.89B
PROVIDENT BANCORP, INC.	8.64 USD	+6.54%	+11.34%	151M
CITIGROUP INC.	62.47 USD	-0.32%	+7.39%	119B
CONAGRA BRANDS, INC.	31.57 USD	+0.96%	+4.40%	15.09B
LAMB WESTON HOLDINGS, INC.	84.52 USD	+0.96%	+5.18%	12.2B
INVITATION HOMES INC.	34.31 USD	+0.53%	+3.75%	21.01B
THE SIMPLY GOOD FOODS COMPANY	34.34 USD	+1.57%	+4.89%	3.43B
DECIPHERA PHARMACEUTICALS, INC.	14.62 USD	-0.34%	-0.68%	1.2B
CROWN HOLDINGS, INC.	78.83 USD	+0.29%	+3.14%	9.41B
KURA SUSHI USA, INC.	109 USD	-2.47%	-0.91%	1.22B
PFIZER, INC.	26.27 USD	-0.19%	+3.34%	149B
HONEYWELL INTERNATIONAL INC.	194.8 USD	-0.70%	+2.33%	127B
EDUCATIONAL DEVELOPMENT CORPORATION	2.06 USD	-3.74%	-8.44%	17.66M
EMERSON ELECTRIC CO.	109.6 USD	-0.14%	-0.17%	62.67B
NEXTERA ENERGY	66.56 USD	+0.54%	+4.34%	137B
ZOOMINFO TECHNOLOGIES INC.	15.89 USD	+0.32%	+2.52%	6B
BIGCOMMERCE HOLDINGS, INC.	5.83 USD	+0.52%	-0.34%	448M
DUCK CREEK TECHNOLOGIES, INC.	18.99 USD	-.--%	+0.05%	2.6B
FORD MOTOR COMPANY	12.95 USD	+0.08%	+7.56%	51.7B
JFROG LTD.	39.83 USD	+1.68%	+4.73%	4.32B
AMERICAN WELL CORPORATION	0.5338 USD	-1.62%	+3.87%	158M
DEUTSCHE BANK AG	15.4 EUR	+0.03%	+6.18%	32.44B
BARCLAYS PLC	191.1 GBX	-0.57%	+6.22%	35.63B
HAYWARD HOLDINGS, INC.	13.59 USD	-0.80%	+2.57%	2.92B
KIMBERLY-CLARK CORPORATION	137.8 USD	+1.28%	+9.38%	46.39B
EBET, INC.	0.2609 USD	+3.74%	+0.38%	3.91M
MICROSOFT CORPORATION	409.1 USD	+0.37%	-0.68%	3,039B
VERA THERAPEUTICS, INC.	39.95 USD	+1.09%	-0.15%	2.18B
NORTHERN TRUST CORPORATION	84.3 USD	+0.14%	+3.78%	17.25B
NORFOLK SOUTHERN CORPORATION	236.2 USD	-3.60%	-1.30%	53.36B
WELLS FARGO & COMPANY	60.6 USD	-0.56%	+5.98%	212B
POWERSCHOOL HOLDINGS, INC.	17.57 USD	-0.62%	-1.24%	2.9B
CS DISCO, INC.	7.49 USD	-3.10%	-3.97%	457M
PARK AEROSPACE CORP.	15.27 USD	+2.55%	+2.48%	309M
FRESHWORKS INC.	18.52 USD	+0.93%	+4.69%	5.53B
ANGIODYNAMICS, INC.	5.87 USD	-2.65%	-7.27%	235M
AMPLITUDE, INC.	9.91 USD	+0.81%	+4.43%	1.21B
RPM INTERNATIONAL INC.	107.9 USD	+0.06%	+0.53%	13.9B
ENFUSION, INC.	9.3 USD	-0.53%	0.00%	836M
RPT REALTY	12.83 USD	-2.51%	-2.36%	1.11B
DIGITAL REALTY TRUST, INC.	140.6 USD	+1.50%	+3.58%	43.91B
CANACCORD GENUITY GROUP INC.	8.7 CAD	-3.01%	-0.57%	587M
CELANESE CORPORATION	155.4 USD	-0.40%	+0.61%	17.34B
CELLTRION, INC.	179,500 KRW	-0.11%	+4.97%	27.04B
THE LINK REAL ESTATE INVESTMENT TRUST	34.05 HKD	+0.59%	+10.02%	11.04B
WALGREENS BOOTS ALLIANCE, INC.	17.81 USD	-1.33%	+1.02%	15.36B
BANK OF NEW YORK MELLON CORPORATION (THE)	57.95 USD	+0.89%	+6.41%	43.34B
THE BUCKLE, INC.	37.12 USD	-2.42%	+1.59%	1.86B
FRANKLIN COVEY CO.	39.58 USD	-1.79%	+3.61%	525M
O-I GLASS, INC.	14.89 USD	+0.27%	-1.33%	2.32B
NATIONAL BEVERAGE CORP.	44.53 USD	+0.25%	-0.85%	4.17B
CHART INDUSTRIES, INC.	153 USD	-0.37%	+3.63%	6.31B
SM ENERGY COMPANY	50.01 USD	+0.40%	+1.46%	5.75B
SAUL CENTERS, INC.	36.3 USD	-0.27%	+3.30%	871M
COSTCO WHOLESALE CORPORATION	723.9 USD	+0.17%	+1.22%	321B
APOLLO ENDOSURGERY, INC.	10 USD	+0.81%	+0.91%	580M
AVALONBAY COMMUNITIES, INC.	191.3 USD	+1.42%	+5.74%	27.17B
FORWARD AIR CORPORATION	23.3 USD	-2.92%	+2.87%	614M
RADIUS RECYCLING, INC.	17.91 USD	+1.53%	-1.70%	501M
NEOGEN CORPORATION	12.37 USD	+0.49%	+1.89%	2.68B
THE BOSTON BEER COMPANY, INC.	293.3 USD	+2.52%	+4.71%	3.49B
MSC INDUSTRIAL DIRECT CO., INC.	93.42 USD	+0.17%	+2.55%	5.26B
CONSTELLATION BRANDS, INC.	261.6 USD	-0.04%	+1.65%	47.85B
XYLEM INC.	130.7 USD	-0.04%	+3.53%	31.59B
CHASE CORPORATION	127.5 USD	+0.04%	+0.38%	1.21B
MORGAN STANLEY	93.85 USD	+0.10%	+4.19%	153B
VEEVA SYSTEMS INC.	200.5 USD	-0.29%	+0.66%	32.41B
CHARLES SCHWAB	75.19 USD	-0.05%	+3.71%	137B
BURLINGTON STORES, INC.	178.7 USD	-1.11%	-0.65%	11.42B
INDEPENDENCE REALTY TRUST, INC.	15.76 USD	+0.57%	+1.29%	3.54B
AEHR TEST SYSTEMS	11.14 USD	+5.49%	-0.09%	322M
TRANSUNION	68.68 USD	-1.17%	-1.36%	13.34B
S&P GSCI NATURAL GAS INDEX	92.56 PTS	-0.10%	+0.76%	-

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