The conflict between the executive and the judiciary that has been growing in recent years will be on view when the court hears arguments over the Biden administration's roughly $400 billion plan to forgive federal student debt for tens of millions of borrowers. Two cases before the court give the justices an opportunity to set strict limits over the president's ability to implement policies without explicit authorization from Congress.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
Ivanhoe Mines 4Q
MEG Energy 4Q
Ovintiv 4Q
Economic Calendar (ET):
0830/1330 4Q Balance of Payments
Stocks to Watch:
Argonaut Gold 4Q Rev $95.9M Vs. $102.9M; 4Q Basic Loss/Shr 22c Vs. Loss 12c
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Olympia Financial Group Announces 28% Increase To Monthly Cash Dividend
Expected Major Events for Monday
00:01/UK: CBI Service Sector Survey
01:00/JPN: Jan Steel Imports & Exports Statistics
05:00/JPN: Dec Indexes of Business Conditions - Revision
09:00/ITA: Feb Business Confidence Survey
09:00/ITA: Feb Consumer Confidence Survey
09:30/UK: Jan Capital issuance statistics
13:00/RUS: Weekly International Reserves
13:30/US: Jan Advance Report on Durable Goods
13:30/CAN: 4Q Balance of Payments
15:00/US: Jan Pending Home Sales Index
15:30/US: Feb Texas Manufacturing Outlook Survey
23:50/JPN: Jan Preliminary Industrial Production
23:50/JPN: Jan Preliminary Retail Sales
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Expected Earnings for Monday
AES Corporation (AES) is expected to report $0.40 for 4Q.
Algoma Central is expected to report for 4Q.
Axsome Therapeutics Inc (AXSM) is expected to report $-1.08 for 4Q.
BGC Partners (BGCP) is expected to report $0.05 for 4Q.
Beam Therapeutics Inc (BEAM) is expected to report for 4Q.
Blackstone Secured Lending Fund (BXSL) is expected to report for 4Q.
Carlyle Secured Lending Inc (CGBD) is expected to report $0.44 for 4Q.
Coffee Holding Co (JVA) is expected to report $0.06 for 4Q.
Consumer Portfolio Services Inc (CPSS) is expected to report $0.15 for 4Q.
Enterprise Group is expected to report for 4Q.
Essential Utilities Inc (WTRG) is expected to report for 4Q.
EverQuote Inc (EVER) is expected to report $-0.27 for 4Q.
Fisker Inc (FSR) is expected to report for 4Q.
Freshpet Inc (FRPT) is expected to report $-0.08 for 4Q.
Global Partners LP (GLP) is expected to report $1.40 for 4Q.
Harsco Corp (HSC) is expected to report $-0.11 for 4Q.
Hims & Hers Health Inc (HIMS) is expected to report for 4Q.
Itron Inc (ITRI) is expected to report $-0.04 for 4Q.
Kinetik Holdings Inc (KNTK) is expected to report for 4Q.
Koppers Holdings Inc (KOP) is expected to report $0.90 for 4Q.
Krystal Biotech Inc (KRYS) is expected to report $-1.30 for 4Q.
LendingTree Inc (TREE) is expected to report $-1.27 for 4Q.
Lexicon Pharmaceuticals Inc (LXRX) is expected to report $-0.13 for 4Q.
Lincoln Educational (LINC) is expected to report $0.25 for 4Q.
MKS Instruments Inc (MKSI) is expected to report $0.78 for 4Q.
National Storage Affiliates Trust (NSA) is expected to report $0.47 for 4Q.
Party City Holdco Inc (PRTYQ) is expected to report $-0.02 for 4Q.
Pieris Pharmaceuticals Inc (PIRS) is expected to report $-0.21 for 4Q.
Pinnacle West Capital (PNW) is expected to report $-0.14 for 4Q.
ProAssurance Corp (PRA) is expected to report $0.14 for 4Q.
Progressive Corp (PGR) is expected to report $1.82 for 4Q.
QuickLogic Corp (QUIK) is expected to report for 4Q.
Range Resources Corp (RRC) is expected to report $1.24 for 4Q.
Ready Capital Corp (RC) is expected to report $0.40 for 4Q.
Reata Pharmaceuticals Inc (RETA) is expected to report $-2.22 for 4Q.
Tegna Inc (TGNA) is expected to report $0.90 for 4Q.
Viatris Inc (VTRS) is expected to report for 4Q.
Vimeo Inc (VMEO) is expected to report for 4Q.
Westwater Resources Inc (WWR) is expected to report for 4Q.
fuboTV Inc (FUBO) is expected to report for 4Q.
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ANALYST RATINGS ACTIONS
Block Raised to In-Line From Underperform by Evercore ISI Group
C4 Therapeutics Cut to Underweight From Neutral by JP Morgan
Century Aluminum Raised to Peer Perform From Underperform by Wolfe Research
CURO Group Holdings Cut to Neutral From Outperform by Credit Suisse
Domino's Pizza Cut to Neutral From Buy by Citigroup
Domino's Pizza Cut to Neutral From Outperform by Baird
Infinity Pharmaceuticals Cut to Neutral From Overweight by Piper Sandler
Jounce Therapeutics Cut to Neutral From Outperform by SMBC Nikko
Kratos Raised to Buy From Hold by Canaccord Genuity
Moderna Cut to Underperform From Market Perform by SVB Leerink
Nektar Therapeutics Cut to Underperform From Hold by Jefferies
NeoGenomics Raised to Buy From Hold by Benchmark
Newmont Corporation Raised to Buy From Hold by TD Securities
Newmont Raised to Buy From Hold by TD Securities
NY Mortgage Trust Cut to Neutral From Buy by Ladenburg Thalmann
OGE Energy Cut to Neutral From Buy by B of A Securities
Root Cut to Neutral From Overweight by Cantor Fitzgerald
Stericycle Cut to Neutral From Outperform by Baird
Unisys Cut to Hold From Buy by Maxim Group
Upland Software Cut to Hold From Buy by Needham
Vicor Cut to Hold From Buy by Craig-Hallum
WideOpenWest Cut to Outperform From Strong Buy by Raymond James
Wingstop Cut to Market Perform From Outperform by BMO Capital
WW Grainger Raised to Sector Perform From Underperform by RBC Capital
Yeti Holdings Cut to Neutral From Buy by Goldman Sachs
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
02-27-23 0629ET
