The Pentagon is rushing to deploy nearly a dozen air-defense systems to the region, including for U.S. troops serving in Iraq, Jordan, Kuwait, Saudi Arabia, Syria and the United Arab Emirates, to protect American forces from missiles and rockets. U.S. officials have so far persuaded the Israelis to hold off on sending tanks and foot soldiers into Gaza to end Hamas rule until those pieces can be placed in the region, as early as later this week.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings (3Q Unless Stated Otherwise):
ATCO
Canadian Utilities
Eldorado Gold
FirstService
Newmont
Precision Drilling
Winpak
Economic Calendar:
0830 Aug Payroll employment, earnings and hours, and job vacancies
Stocks to Watch:
Celestica 3Q EPS 67c; Rev $2.04B; Adj EPS 65c; Sees 4Q Rev $2B-$2.15B; Sees 4Q Adj EPS 65c-Adj EPS 71c; Sees 2023 Rev $7.9B; Raises 2023 View To Adj EPS $2.36; Sees 2024 Adjusted EPS Up 10% or More
Champion Iron 2Q Output a Record 3.45 Million Wet Tons, Up 21% On-Year; Revenue C$388 Million; Ebitda C$155 Million; Declares Dividend of C$0.10/Share; Cash, Cash Equivalent C$316.5 Million at 2Q-End; Cost of Sales C$73.7/Dry Ton
Expected Major Events for Thursday
06:00/JPN: Sep Revised Machine Tool Orders
08:30/UK: Sep Capital issuance statistics
10:00/UK: Oct CBI Distributive Trades Survey
12:30/US: Sep Advance Economic Indicators Report
12:30/US: Sep Advance Report on Durable Goods
12:30/CAN: Aug Payroll employment, earnings and hours, and job vacancies
12:30/US: 10/21 Unemployment Insurance Weekly Claims Report - Initial Claims
12:30/US: U.S. Weekly Export Sales
12:30/US: 3Q Advance estimate GDP
13:00/RUS: Weekly International Reserves
14:00/US: Sep Pending Home Sales Index
14:30/US: 10/20 EIA Weekly Natural Gas Storage Report
15:00/US: Oct Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing
20:30/US: Foreign Central Bank Holdings
20:30/US: Federal Discount Window Borrowings
23:01/UK: 3Q BRC-LDC Vacancy Monitor
23:30/JPN: Oct CPI (Tokyo), CPI ex-Food (Tokyo)
23:50/JPN: Oct Provisional Trade Statistics for 1st 10 days of Month
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Thursday
Applied Industrial Technologies Inc (AIT) is expected to report $2.09 for 1Q.
Bank7 Corp (BSVN,GMAR.XX) is expected to report $1.00 for 3Q.
Boston Scientific (BSX) is expected to report $0.25 for 3Q.
Bristol-Myers Squibb Co (BMY) is expected to report $1.19 for 3Q.
Bunge Ltd (BG) is expected to report $2.47 for 3Q.
CTS Corp (CTS) is expected to report $0.54 for 3Q.
Canadian Utilities Ltd - Class A (CDUAF,CU.T,CU.X.T) is expected to report $0.66 for 3Q.
Carpenter Technology (CRS) is expected to report $0.74 for 1Q.
ConnectOne Bancorp Inc (CNOB) is expected to report $0.50 for 3Q.
Donegal Group (DGICA,DGICB) is expected to report $0.01 for 3Q.
Eagle Materials Inc (EXP) is expected to report $4.21 for 2Q.
Escalade Inc (ESCA) is expected to report for 3Q.
First Financial Northwest Inc (FFNW) is expected to report $0.15 for 3Q.
First Foundation Inc (FFWM) is expected to report $0.04 for 3Q.
First Merchants Corp (FRME) is expected to report $0.95 for 3Q.
First Mid Bancshares Inc (FMBH) is expected to report $0.51 for 3Q.
FirstCash Holdings Inc (FCFS) is expected to report for 3Q.
FirstService Corp (FSV,FSV.T) is expected to report for 3Q.
Frontier Group Holdings Inc (ULCC) is expected to report for 3Q.
Harley-Davidson Inc (HOG) is expected to report $1.34 for 3Q.
Hasbro Inc (HAS) is expected to report $1.71 for 3Q.
Hertz Global Holdings Inc (HTZ) is expected to report for 3Q.
Kearny Financial (KRNY) is expected to report $0.14 for 1Q.
Kirby Corp (KEX) is expected to report $1.02 for 3Q.
LiveWire Group Inc (LVWR) is expected to report for 3Q.
MDC Holdings Inc (MDC) is expected to report $1.20 for 3Q.
Magellan Midstream Partners LP (MMP) is expected to report $1.01 for 3Q.
Masco Corp (MAS) is expected to report $0.90 for 3Q.
NeuroMetrix Inc (NURO) is expected to report for 3Q.
New York Community Bancorp Inc (NYCB) is expected to report $0.33 for 3Q.
Popular Inc (BPOP) is expected to report $1.86 for 3Q.
Seagate Technology Holdings PLC (STX) is expected to report for 1Q.
Sonic Automotive Inc (SAH) is expected to report $1.74 for 3Q.
Southside Bancshares (SBSI) is expected to report $0.76 for 3Q.
Tractor Supply Company (TSCO) is expected to report $2.29 for 3Q.
Tri Pointe Homes Inc (TPH) is expected to report $0.57 for 3Q.
TriMas Corp (TRS) is expected to report $0.55 for 3Q.
United Parcel Service (UPS) is expected to report $1.54 for 3Q.
Valero Energy Corp (VLO) is expected to report $7.52 for 3Q.
West Bancorporation Inc (WTBA) is expected to report $0.44 for 3Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
Affirm Holdings Cut to Sell From Neutral by Compass Point
Albemarle Cut to Neutral From Overweight by Piper Sandler
Alphabet Cut to Neutral From Buy by Monness, Crespi, Hardt
Ameresco Raised to Buy From Neutral by Roth MKM
American Express Raised to Neutral From Sell by Citigroup
BellRing Brands Cut to Equal-Weight From Overweight by Stephens & Co.
Chewy Raised to Neutral From Sell by UBS
Citizens Financial Group Cut to Neutral From Overweight by Piper Sandler
Corning Cut to Hold From Buy by Deutsche Bank
Etsy Cut to Neutral From Buy by Citigroup
EVgo Cut to Market Perform From Outperform by TD Cowen
Gap Inc Raised to Overweight From Equal-Weight by Wells Fargo
Hexcel Raised to Buy From Hold by Vertical Research
Livent Cut to Neutral From Overweight by Piper Sandler
Livent Raised to Buy From Hold by Deutsche Bank
Markforged Cut to Hold From Buy by Craig-Hallum
ONE Gas Cut to Underperform From Neutral by B of A Securities
Paccar Raised to Buy From Hold by Deutsche Bank
Progressive Raised to Outperform From Market Perform by BMO Capital
Regions Financial Cut to Neutral From Overweight by Piper Sandler
Scholar Rock Holding Raised to Buy From Hold by Jefferies
SJW Group Raised to Equal-Weight From Underweight by Wells Fargo
TransUnion Cut to In-Line From Outperform by Evercore ISI Group
TransUnion Cut to Underperform From Buy by B of A Securities
Veeva Systems Raised to Overweight From Equal-Weight by Wells Fargo
Verizon Raised to Overweight From Equal-Weight by Barclays
Vicor Cut to Hold From Buy by Needham
Western New England Bncp Cut to Market Perform From Outperform by Hovde Group
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
10-26-23 0623ET
