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North American Morning Briefing: Growth Stocks -2-

07/27/2022 | 05:28am EDT

WASHINGTON-Two Democratic lawmakers called for the Department of Homeland Security inspector general to step aside from investigating missing Secret Service phone records, questioning his handling of the probe.

Reps. Carolyn B. Maloney (D., N.Y.) and Bennie G. Thompson (D., Miss.) said Tuesday they were concerned about how long it took Joseph Cuffari to notify Congress about his accusation that the Secret Service erased many text messages from Jan. 6, 2021, the day of the Capitol attack, and the preceding day.


Write to paul.larkins@dowjones.com TODAY IN CANADA

Earnings:

2Q unless stated otherwise

Acadian Timber

Agnico Eagle Mines

Alamos Gold

Baytex Energy

Cameco

Cargojet

CGI 3Q

Crescent Point Energy

DIRTT Environmental

FirstSvc

GFL Environmental

Kinross Gold

Loblaw Companies

Lundin Mining

Methanex

Nomad Royalty

Precision Drilling

Rogers Commun

Sherritt Intl

Shopify

Spin Master

Tourmaline Oil

West Fraser Timber

Economic Indicators:

None scheduled

Stocks to Watch:

Teck 2Q EPS C$3.07 Vs. EPS C$0.48; 2Q Rev C$5.79B Vs. C$2.56B; 2Q Adj EPS C$3.25 Vs. Adj EPS C$0.63; 2Q Profit, Adj Profit Attributable to Shareholders Both Hit Qtrly Records of C$1.67B and C$1.77B

Teck: 2Q Marks Fourth Consecutive Quarter of Record-Setting Ebitda and Profitability; 2Q Results Driven by Strong Commodity Prices; Completes C$572M in Shr Buybacks, Paid Dn Further $650M in Outstanding Debt; Strong Balance Sheet, Liquidity Put Co on Solid Footing Amid Inflationary Pressures, Global Economy Slowdown

Teck: President and CEO Don Lindsay to Retire Sept 30; Board Has Unanimously Appointed Jonathan Price as New CEO, Harry Conger as Pres and COO; Both Appointments Also Effective Sept 30; Price, Conger Will Also Be Appointed to Bd; Lindsay to Stay on as Executive Vice Chair Into 2Q 2023 to Support Transition

Teck: Incoming CEO Price Is Currently Executive Vice Pres and Chief Fincl Officer; Incoming Pres and COO Conger Has Served as Executive Vice Pres and COO Since Sept 2020; Vice Pres & Corporate Controller Crystal Prystai to Serve as Interim CFO as Search for New CFO Is Undertaken

---

Toromont 2Q Rev C$1.08B; 2Q Basic EPS C$1.35


Expected Major Events for Wednesday

05:00/JPN: May Indexes of Business Conditions - Revision

06:00/GER: Aug GfK consumer climate survey

06:45/FRA: Jul Consumer confidence survey

08:00/ITA: Jul Consumer Confidence Survey

08:00/ITA: Jul Business Confidence Survey

08:30/UK: Jun Capital issuance

10:00/FRA: 2Q Claimant count and job advertisements collected by Pole emploi

11:00/US: 07/22 MBA Weekly Mortgage Applications Survey

12:30/US: Jun Advance Report on Durable Goods

12:30/US: Jun Advance Economic Indicators Report

14:00/US: Jun Pending Home Sales Index

14:30/US: 07/22 EIA Weekly Petroleum Status Report

18:00/US: U.S. interest rate decision

23:01/UK: Jun UK monthly automotive manufacturing figures

23:50/JPN: Jul Provisional Trade Statistics for 1st 10 days of Month

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


Expected Earnings for Wednesday

American Electric Power Co Inc (AEP) is expected to report $1.17 for 2Q.

Amphenol Corp (APH) is expected to report $0.68 for 2Q.

Automatic Data Processing Inc (ADP) is expected to report $1.47 for 4Q.

BOK Financial Corp (BOKF) is expected to report $1.43 for 2Q.

BeyondSpring Inc (BYSI) is expected to report $-0.24 for 1Q.

Boston Scientific (BSX) is expected to report $0.24 for 2Q.

Bristol-Myers Squibb Co (BMY) is expected to report $0.52 for 2Q.

Bunge Limited (BG) is expected to report $3.33 for 2Q.

CGI Inc - Class A (GIB,GIB.A.T) is expected to report $1.52 for 3Q.

CME Group Inc (CME) is expected to report $1.84 for 2Q.

Cowen Inc (COWN) is expected to report $0.26 for 2Q.

DallasNews Corp (DALN) is expected to report for 2Q.

Firstservice Corp (FSV,FSV.T) is expected to report for 2Q.

Genuine Parts Company (GPC) is expected to report $2.06 for 2Q.

Humana Inc (HUM) is expected to report $7.46 for 2Q.

Invesco Ltd (IVZ,IVZ-LN) is expected to report $0.53 for 2Q.

Lamb Weston Holdings Inc (LW) is expected to report $0.50 for 4Q.

Loblaw Companies (L.T,LBLCF) is expected to report $1.45 for 2Q.

New York Community Bancorp (NYCB) is expected to report $0.32 for 2Q.

Old Dominion Freight Line (ODFL) is expected to report $3.16 for 2Q.

Otis Worldwide Corp (OTIS) is expected to report for 2Q.

Precision Drilling (PD.T,PDS) is expected to report for 2Q.

Prosperity Bancshares (PB) is expected to report $1.39 for 2Q.

Rockwell Automation (ROK) is expected to report $2.26 for 3Q.

Rogers Communications Inc - Class B (RCI,RCI.A.T,RCI.B.T) is expected to report $0.78 for 2Q.

Ryder System (R) is expected to report $4.05 for 2Q.

Secure Energy Services (SES.T) is expected to report $0.05 for 2Q.

Sherwin-Williams Co (SHW) is expected to report $2.64 for 2Q.

Silgan Holdings Inc (SLGN) is expected to report $0.97 for 2Q.

Stepan Co (SCL) is expected to report $1.78 for 2Q.

Stock Yards Bancorp Inc (SYBT) is expected to report $0.86 for 2Q.

Strategic Education Inc (STRA) is expected to report $1.38 for 2Q.

Teck Resources Ltd - Class B (TECK,TECK.A.T,TECK.B.T) is expected to report $3.19 for 2Q.

Travelzoo (TZOO) is expected to report for 2Q.

Trinity Industries (TRN) is expected to report $0.14 for 2Q.

Turning Point Brands Inc (TPB) is expected to report $0.51 for 2Q.

Universal Stainless & Alloy Products Inc (USAP) is expected to report $0.24 for 2Q.

Veritex Holdings Inc (VBTX) is expected to report $0.69 for 2Q.

Waste Management Inc (WM) is expected to report $1.38 for 2Q.

World Acceptance (WRLD) is expected to report $0.11 for 1Q.

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ANALYST RATINGS ACTIONS

Agile Therapeutics Raised to Buy From Hold by Maxim Group

American Eagle Outfitters Cut to Underperform From Neutral by B of A Securities

Chewy Cut to Neutral From Outperform by Wedbush

Helix Energy Solutions Shares Rise After 2Q Results

HomeTrust Bancshares Cut to Neutral From Buy by Compass Point

Infrastructure & Energy Cut to Hold From Buy by Stifel

Infrastructure & Energy Cut to Neutral From Buy by DA Davidson

Invitae Cut to Market Perform From Outperform by Cowen & Co.

MicroStrategy Cut to Underperform From Hold by Jefferies

NextEra Energy Cut to Neutral From Buy by Seaport Global

Paramount Global Cut to Sell From Buy by Goldman Sachs

Revolve Group Cut to Underperform From Buy by B of A Securities

Roku Cut to Underperform From Peer Perform by Wolfe Research

Traeger Cut to Neutral From Outperform by Credit Suisse

Vista Outdoor Cut to Neutral From Buy by Roth Capital

VistaGen Therapeutics Cut to Hold From Buy by Maxim Group

Weber Cut to Underperform From Neutral by B of A Securities

Weber Cut to Underweight From Equal-Weight by Wells Fargo

Zendesk Cut to Hold From Buy by Stifel

Zendesk Cut to Market Perform From Market Outperform by JMP Securities

Zendesk Cut to Market Perform From Outperform by William Blair

Zscaler Cut to Neutral From Buy by BTIG

Zymergen Raised to Neutral From Underweight by JP Morgan

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


(END) Dow Jones Newswires

07-27-22 0527ET

Stocks mentioned in the article
ChangeLast1st jan.
ACADIAN TIMBER CORP. 0.00% 16 Delayed Quote.-16.58%
AGILE THERAPEUTICS, INC. 2.73% 0.305 Delayed Quote.-98.48%
AGNICO EAGLE MINES LIMITED 4.38% 44.08 Delayed Quote.-20.53%
ALAMOS GOLD INC. 3.52% 10.6 Delayed Quote.5.24%
AMERICAN EAGLE OUTFITTERS, INC. 4.11% 10.13 Delayed Quote.-61.57%
AMERICAN ELECTRIC POWER COMPANY, INC. 2.06% 88.23 Delayed Quote.-2.83%
AMPHENOL CORPORATION 3.63% 69.39 Delayed Quote.-23.44%
AUTOMATIC DATA PROCESSING, INC. 2.68% 232.25 Delayed Quote.-8.27%
BAYTEX ENERGY CORP. 7.86% 6.31 Delayed Quote.49.62%
BEYONDSPRING INC. -4.93% 0.9412 Delayed Quote.-78.15%
BOK FINANCIAL CORPORATION 2.35% 90.95 Delayed Quote.-15.76%
BOSTON SCIENTIFIC CORPORATION 2.97% 39.88 Delayed Quote.-8.83%
CARGOJET INC. 7.43% 119.89 Delayed Quote.-33.00%
CGI INC. 2.29% 106.37 Delayed Quote.-7.03%
CHEWY, INC. 1.63% 31.22 Delayed Quote.-47.91%
CME GROUP INC. 0.59% 178.18 Delayed Quote.-22.47%
COWEN INC. -0.05% 38.62 Delayed Quote.7.04%
CREDIT SUISSE GROUP AG -0.93% 3.939 Delayed Quote.-55.18%
CRESCENT POINT ENERGY CORP. 7.18% 9.11 Delayed Quote.25.93%
DALLASNEWS CORPORATION 7.54% 4.99 Delayed Quote.-35.69%
DIRTT ENVIRONMENTAL SOLUTIONS LTD. -1.69% 0.58 Delayed Quote.-78.55%
FIRSTSERVICE CORPORATION -0.71% 163.26 Delayed Quote.-33.86%
GENUINE PARTS COMPANY 2.40% 152.91 Delayed Quote.6.51%
GFL ENVIRONMENTAL INC. 0.97% 35.25 Delayed Quote.-27.01%
GOLD 2.12% 1699.4 Delayed Quote.-9.21%
HELIX ENERGY SOLUTIONS GROUP, INC. 6.74% 4.12 Delayed Quote.23.72%
HOMETRUST BANCSHARES, INC. 1.45% 22.42 Delayed Quote.-28.66%
HUMANA AB (PUBL) -0.62% 48.2 Delayed Quote.-33.29%
HUMANA INC. 2.95% 499.52 Delayed Quote.4.60%
INVESCO LTD. 4.74% 14.35 Delayed Quote.-40.49%
INVITAE CORPORATION 2.44% 2.52 Delayed Quote.-83.89%
KINROSS GOLD CORPORATION 3.46% 5.38 Delayed Quote.-29.16%
LAMB WESTON HOLDINGS, INC. -0.97% 76.63 Delayed Quote.22.09%
LOBLAW COMPANIES LIMITED 2.40% 112.01 Delayed Quote.5.54%
LONDON BRENT OIL 1.07% 88.84 Delayed Quote.9.50%
LUNDIN MINING CORPORATION 1.72% 7.1 Delayed Quote.-29.35%
METHANEX CORPORATION 2.02% 44.89 Delayed Quote.-12.07%
NEW YORK COMMUNITY BANCORP, INC. 3.99% 8.87 Delayed Quote.-30.14%
NEXTERA ENERGY 3.55% 81.19 Delayed Quote.-16.01%
OLD DOMINION FREIGHT LINE, INC. 5.27% 261.87 Delayed Quote.-30.58%
OTIS WORLDWIDE CORPORATION 2.57% 65.44 Delayed Quote.-26.73%
PARAMOUNT GLOBAL 3.05% 19.62 Delayed Quote.-36.91%
PRECISION DRILLING CORPORATION 7.12% 74.91 Delayed Quote.56.48%
PROSPERITY BANCSHARES, INC. 2.44% 68.31 Delayed Quote.-7.77%
ROCKWELL AUTOMATION, INC. 4.90% 225.64 Delayed Quote.-38.34%
ROGERS COMMUNICATIONS INC. 2.10% 54.33 Delayed Quote.-11.66%
ROKU, INC. 5.60% 59.56 Delayed Quote.-75.28%
RYDER SYSTEM, INC. 2.53% 77.4 Delayed Quote.-8.42%
S&P GSCI GOLD INDEX 1.79% 990.918 Real-time Quote.-8.56%
SECURE ENERGY SERVICES INC. 4.85% 6.05 Delayed Quote.9.70%
SHOPIFY INC. 3.04% 27.76 Delayed Quote.-80.44%
SILGAN HOLDINGS INC. 0.86% 42.4 Delayed Quote.-1.87%
SILVER 8.30% 20.68 Delayed Quote.-18.42%
SPIN MASTER CORP. 3.08% 42.85 Delayed Quote.-13.29%
STEPAN COMPANY 3.00% 96.48 Delayed Quote.-24.64%
STOCK YARDS BANCORP, INC. 1.24% 68.85 Delayed Quote.6.47%
STRATEGIC EDUCATION, INC. 0.73% 61.86 Delayed Quote.6.17%
TECK RESOURCES LIMITED 2.83% 43.2 Delayed Quote.15.32%
TOURMALINE OIL CORP. 3.25% 74.12 Delayed Quote.75.78%
TRAEGER, INC. 0.71% 2.84 Delayed Quote.-76.81%
TRAVELZOO 2.03% 4.52 Delayed Quote.-52.97%
TRINITY INDUSTRIES, INC. 6.98% 22.84 Delayed Quote.-29.30%
TURNING POINT BRANDS, INC. 3.11% 21.89 Delayed Quote.-43.81%
VERITEX HOLDINGS, INC. 2.07% 27.14 Delayed Quote.-33.16%
VISTA OUTDOOR INC. 0.86% 24.53 Delayed Quote.-47.21%
VISTAGEN THERAPEUTICS, INC. 5.52% 0.1605 Delayed Quote.-92.20%
WASTE MANAGEMENT 3.05% 165.09 Delayed Quote.-4.01%
WELLS FARGO & COMPANY 3.38% 41.58 Delayed Quote.-16.17%
WEST FRASER TIMBER CO. LTD. 2.65% 102.58 Delayed Quote.-17.19%
WORLD ACCEPTANCE CORPORATION 0.26% 97.07 Delayed Quote.-60.55%
WTI 1.55% 83.323 Delayed Quote.8.90%
ZENDESK, INC. 0.26% 76.3 Delayed Quote.-27.03%
ZSCALER, INC. 3.74% 170.51 Delayed Quote.-48.85%
ZYMERGEN INC. -0.36% 2.77 Delayed Quote.-58.45%
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