At the end of a marathon day of internal debate and votes, Johnson, the vice chairman of the House Republican conference, bested Byron Donalds of Florida, a Trump ally popular with many of the House's most conservative lawmakers. In a shift, lawmakers left the Capitol on Tuesday night optimistic that Johnson could unite them after a series of failed attempts to find a successor to former House Speaker Kevin McCarthy (R., Calif.), who was ousted three weeks ago.
Write to ina.kreutz@wsj.com
TODAY IN CANADA
Earnings:
Aecon Grp 3Q
Agnico Eagle Mines 3Q
Alamos Gold 3Q
Canadian Pacific Kansas City 3Q
Celestica 3Q
Champion Iron 2Q
Methanex 3Q
New Gold 3
OceanaGold 3Q
Waste Connections 3Q
West Fraser Timber 3Q
Whitecap Resources 3Q
Economic Calendar (ET):
1000 Bank of Canada interest rate announcement
Stocks to Watch:
Lifeist Terminates Agreement to Sell Australian Subsidiary to Flora Growth; Agreement Shelved Due to Certain Condition Not Being Fulfilled
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Wheaton Precious Metals Announces The Acquisition Of A New Silver Stream On The Mineral Park Mine
Expected Major Events for Wednesday
05:00/JPN: Sep Supermarket sales
05:00/JPN: Aug Indexes of Business Conditions - Revision
08:00/GER: Oct Ifo Business Climate Index
10:00/FRA: 3Q Claimant count and job advertisements collected by Pole emploi
11:00/US: 10/20 MBA Weekly Mortgage Applications Survey
14:00/US: Sep New Residential Sales
14:00/CAN: Bank of Canada interest rate announcement
14:30/US: 10/20 EIA Weekly Petroleum Status Report
23:01/UK: Sep UK monthly automotive manufacturing figures
23:50/JPN: Sep Services Producer Price Index
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Wednesday
Amphenol Corp (APH) is expected to report $0.74 for 3Q.
Automatic Data Processing Inc (ADP) is expected to report $2.06 for 1Q.
Blackstone Mortgage Trust Inc (BXMT) is expected to report $0.55 for 3Q.
Blue Foundry Bancorp (BLFY) is expected to report for 3Q.
Capitol Federal Financial (CFFN) is expected to report $0.03 for 4Q.
Central Pacific Financial Corp (CPF) is expected to report $0.52 for 3Q.
Farmers National Banc Corp (FMNB) is expected to report $0.38 for 3Q.
Fidelity D&D Bancorp Inc (FDBC) is expected to report for 3Q.
First Northwest BanCorp (FNWB) is expected to report $0.28 for 3Q.
Group 1 Automotive Inc (GPI) is expected to report $11.34 for 3Q.
Healthcare Services Group Inc (HCSG) is expected to report $0.18 for 3Q.
Hess Midstream LP (HESM) is expected to report for 3Q.
Hilton Worldwide Holdings Inc (HLT) is expected to report $1.55 for 3Q.
HomeTrust Bancshares (HTBI) is expected to report $0.69 for 1Q.
J. W. Mays Inc (MAYS) is expected to report for 4Q.
Lakeland Financial Corp (LKFN) is expected to report $0.90 for 3Q.
Lithia Motors Inc (LAD) is expected to report $9.97 for 3Q.
M/I Homes (MHO) is expected to report $4.27 for 3Q.
MSC Industrial Direct Co Inc (MSM) is expected to report $1.62 for 4Q.
Marine Products (MPX) is expected to report $0.17 for 3Q.
MarketAxess Holdings Inc (MKTX) is expected to report $1.46 for 3Q.
Monro Inc (MNRO) is expected to report $0.37 for 2Q.
Moody's Corp (MCO) is expected to report $2.08 for 3Q.
Mr Cooper Group Inc (COOP) is expected to report $2.08 for 3Q.
Navient Corp (NAVI) is expected to report $0.75 for 3Q.
Old Dominion Freight Line Inc (ODFL) is expected to report $2.91 for 3Q.
PROG Holdings Inc (PRG) is expected to report for 3Q.
Parke Bancorp Inc (PKBK) is expected to report for 3Q.
Plumas Bancorp (PLBC) is expected to report $1.23 for 3Q.
Provident Financial Holdings Inc (PROV) is expected to report $0.28 for 1Q.
Ryder System (R) is expected to report $3.16 for 3Q.
Schnitzer Steel Industries Inc (RDUS) is expected to report $0.58 for 4Q.
Silgan Holdings Inc (SLGN) is expected to report $1.05 for 3Q.
Silicon Laboratories Inc (SLAB) is expected to report $0.00 for 3Q.
Stock Yards Bancorp Inc (SYBT) is expected to report $0.91 for 3Q.
Summit State Bank (SSBI) is expected to report for 3Q.
Taylor Morrison Home Corp (TMHC) is expected to report $1.57 for 3Q.
Turning Point Brands Inc (TPB) is expected to report $0.53 for 3Q.
Universal Stainless & Alloy Products Inc (USAP) is expected to report $0.24 for 3Q.
Wabash National Corp (WNC) is expected to report $1.02 for 3Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
Antero Resources Raised to Strong Buy From Market Perform by Raymond James
Bath & Body Works Cut to Underweight From Neutral by JP Morgan
Black Stone Minerals Cut to Market Perform From Outperform by Raymond James
Braze Raised to Buy From Neutral by DA Davidson
Correction to EngageSmart Rating
Coterra Energy Raised to Outperform From Market Perform by Raymond James
CubeSmart Cut to Equal-Weight From Overweight by Wells Fargo
Editas Medicine Raised to Buy From Neutral by Citigroup
EngageSmart Cut to Hold From Buy by Needham
EngageSmart Cut to Market Perform From Outperform by Raymond James
EngageSmart Cut to Sector Weight From Overweight by Keybanc
Enphase Energy Cut to Neutral From Outperform by Daiwa Capital
FMC Corporation Cut to Equal-Weight From Overweight by Morgan Stanley
FMC Corporation Cut to Neutral From Buy by B of A Securities
FMC Corporation Cut to Neutral From Buy by Goldman Sachs
Foot Locker Cut to Underweight From Neutral by JP Morgan
Healthcare Realty Trust Raised to Buy From Neutral by BTIG
Hess Corp Cut to Equal-Weight From Overweight by Wells Fargo
Hess Corp Cut to Market Perform From Outperform by Raymond James
Ingersoll Rand Raised to Buy From Hold by Stifel
Markforged Cut to Market Perform From Outperform by William Blair
Martin Marietta Raised to Buy From Neutral by Seaport Global
Medpace Holdings Raised to Outperform From Neutral by Baird
Monster Beverage Cut to Neutral From Overweight by Piper Sandler
Pioneer Natural Cut to Market Perform From Strong Buy by Raymond James
POINT Biopharma Global Cut to Neutral From Overweight by Piper Sandler
PVH Corp Raised to Overweight From Neutral by JP Morgan
Range Resources Raised to Outperform From Market Perform by Raymond James
Regions Financial Cut to Neutral From Buy by UBS
Sealed Air Cut to Market Perform From Outperform by William Blair
Silk Road Medical Raised to Peer Perform From Underperform by Wolfe Research
Summit Materials Raised to Buy From Neutral by Seaport Global
Vulcan Materials Raised to Buy From Neutral by Seaport Global
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
10-25-23 0619ET
