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North American Morning Briefing: Stocks Seen -3-

05/12/2022 | 03:31am EDT

STEP Energy Services: Anticipates Current Strength in Oil and Gas Prices Will Continue Through the Balance of the Yr, Supporting Higher Demand for Oilfield Services; Global Inventories of Oil and Gas Were at Low End of Five-Yr Ranges, There Are Indications Fallout From Russia's Invasion of Ukraine Is Leading to Rebalancing of Oil and Gas Flows and a Call for Higher North Amer Energy Exports

STEP Energy Services: North Amer Oil and Gas Industry Is Positioned Well to Respond to This Increased Demand, and STEP Will Participate in This Growth With Its Ops in the Major Basins; STEP Has a Constructive View on 2Q, Which Could Show Stronger Results Than 2Q 2021

VIQ Solutions 1Q Loss/Shr 7c; Loss $2.01M; Rev $11.5M


Expected Major Events for Thursday

00:01/UK: Apr KPMG and REC UK Report on Jobs

04:30/JPN: Apr Corporate Insolvencies

05:00/JPN: Apr Economy Watchers Survey

06:00/UK: Mar UK trade

06:00/UK: Mar Index of production

06:00/UK: Mar Index of services

06:00/UK: Mar Monthly GDP estimates

06:00/UK: 1Q First quarterly estimate of GDP

08:00/FRA: May IEA Oil Market Report

08:30/UK: 1Q Business investment in the UK: provisional results

11:30/UK: Apr NIESR Monthly GDP Tracker

12:30/US: 05/07 Unemployment Insurance Weekly Claims Report - Initial Claims

12:30/US: Apr PPI

12:30/US: U.S. Weekly Export Sales

14:30/US: 05/06 EIA Weekly Natural Gas Storage Report

16:00/US: World Agricultural Supply & Demand Estimates (WASDE)

16:59/GER: Mar Balance of Payments

20:30/US: Foreign Central Bank Holdings

20:30/US: Federal Discount Window Borrowings

23:50/JPN: Apr Money Stock, Broadly-defined Liquidity

All times in GMT. Powered by Kantar Media and Dow Jones.


Expected Earnings for Thursday

ADDvantage Technologies (AEY) is expected to report for 2Q.

Apyx Medical Corp (APYX) is expected to report $-0.15 for 1Q.

Aravive Inc (ARAV) is expected to report $-0.54 for 1Q.

Armstrong Flooring Inc (AFI) is expected to report $-0.26 for 1Q.

Brookfield Asset Management Inc - Class A (BAM,BAM.A.T) is expected to report $0.88 for 1Q.

Brookfield Infrastructure Corp (BIPC) is expected to report for 1Q.

CI Financial Corp (CIFAF,CIX.T) is expected to report $0.77 for 1Q.

Canadian Tire Corp Ltd - Class A (CTC.A.T,CTC.T) is expected to report for 1Q.

Carrols Restaurant (TAST) is expected to report $-0.35 for 1Q.

Cascades is expected to report for 1Q.

Crescent Point Energy Corp (CPG,CPG.T) is expected to report $0.40 for 1Q.

Evelo Biosciences Inc (EVLO) is expected to report $-0.55 for 1Q.

First Majestic Silver (AG,FR.T) is expected to report for 1Q.

H2O Innovation is expected to report $0.02 for 3Q.

Home Point Capital Inc (HMPT) is expected to report for 1Q.

Innodata (INOD) is expected to report for 1Q.

Kelly Services Inc (KELYA,KELYB) is expected to report $0.25 for 1Q.

Lifeway Foods (LWAY) is expected to report $-0.17 for 4Q.

Magenta Therapeutics Inc (MGTA) is expected to report $-0.32 for 1Q.

Matinas BioPharma Holdings Inc (MTNB) is expected to report $-0.03 for 1Q.

National Energy Services Reunited Corp (NESR) is expected to report $0.11 for 1Q.

Neuronetics Inc (STIM) is expected to report $-0.41 for 1Q.

OptiNose Inc (OPTN) is expected to report $-0.24 for 1Q.

P & F Industries Inc (PFIN) is expected to report for 1Q.

PGT Innovations Inc (PGTI) is expected to report $0.36 for 1Q.

Primo Water Corp (PRMW,PRMW.T) is expected to report for 1Q.

Quarterhill Inc (QTRH,QTRH.T) is expected to report $-0.02 for 1Q.

Quebecor Inc - A Share (QBCAF,QBR.A.T,QBR.B.T) is expected to report $0.55 for 1Q.

Republic First Bancorp (FRBK) is expected to report $0.09 for 1Q.

Rogers Sugar (RSGUF,RSI.T) is expected to report for 2Q.

Sotherly Hotels (SOHO) is expected to report for 1Q.

Tapestry Inc (TPR) is expected to report $0.41 for 3Q.

US Foods Holding Corp (USFD) is expected to report $0.57 for 1Q.

Utz Brands Inc (UTZ) is expected to report for 1Q.

VYNE Therapeutics Inc (VYNE) is expected to report for 1Q.

Vecima Networks is expected to report for 3Q.

Veru Inc (VERU) is expected to report $-0.19 for 2Q.

X4 Pharmaceuticals Inc (XFOR) is expected to report $-0.57 for 1Q.

Xebec Adsorption (XBC.T,XEBEF) is expected to report $-0.06 for 1Q.

iA Financial Corp Inc (IAG.T) is expected to report $1.77 for 1Q.

Powered by Kantar Media and Dow Jones.


ANALYST RATINGS ACTIONS

8X8 Raised to Buy From Neutral by B. Riley Securities

Akerna Cut to Neutral From Buy by Alliance Global Partners

AlerisLife Cut to Neutral From Buy by B. Riley Securities

Arcturus Therapeutics Raised to Neutral From Underperform by Baird

Array Technologies Cut to Neutral From Buy by Roth Capital

Arrowhead Pharmaceuticals Raised to Outperform From Neutral by Baird

Avaya Holdings Cut to Underweight From Neutral by JP Morgan

Azek Raised to Buy From Hold by Zelman

Biohaven Pharma Cut to Market Perform From Outperform by SVB Leerink

Biohaven Pharma Cut to Neutral From Buy by HC Wainwright & Co.

Carvana Cut to Hold From Buy by Stifel

Coinbase Cut to Neutral From Buy by Goldman Sachs

Construction Partners Raised to Strong Buy From Outperform by Raymond James

Digital Media Solutions Cut to Hold From Buy by Craig-Hallum

Electronic Arts Raised to Buy From Neutral by MoffettNathanson

Hecla Mining Raised to Buy From Neutral by Roth Capital

HF Sinclair Raised to Outperform From Market Perform by Cowen & Co.

Hydrofarm Holdings Cut to Neutral From Buy by UBS

Inovio Pharma Cut to Perform From Outperform by Oppenheimer

Jounce Therapeutics Cut to Neutral From Outperform by Baird

Katapult Holdings Cut to Hold From Buy by Loop Capital

Kimball Electronics Initiated at Buy by Lake Street

loanDepot Cut to Market Perform From Market Outperform by JMP Securities

loanDepot Cut to Neutral From Overweight by Piper Sandler

loanDepot Cut to Sell From Neutral by Citigroup

Novanta Raised to Outperform From Market Perform by William Blair

ON24 Cut to Hold From Buy by Needham

Pegasystems Cut to Hold From Buy by Truist Securities

Peloton Interactive Cut to Hold From Buy by Stifel

Peloton Interactive Raised to Market Outperform From Market Perform by JMP Securities

Planet Fitness Raised to Overweight From Neutral by JP Morgan

Rackspace Technology Raised to Outperform From Market Perform by Raymond James

Rocket Cos. Cut to Neutral From Buy by Citigroup

Trex Co Raised to Neutral From Underperform by Credit Suisse

TriCo Bancshares Raised to Overweight From Equal-Weight by Stephens & Co.

Unity Software Cut to Neutral From Outperform by Daiwa Capital

Upstart Holdings Cut to Equal-Weight From Overweight by Barclays

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

Upstart Holdings Cut to Neutral From Overweight by Atlantic Equities

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


(END) Dow Jones Newswires

05-12-22 0531ET

Stocks mentioned in the article
ChangeLast1st jan.
ALERISLIFE INC. -4.35% 1.1 Delayed Quote.-62.71%
ARMSTRONG FLOORING, INC. -20.62% 0.2976 Delayed Quote.-84.97%
ARROWHEAD PHARMACEUTICALS, INC. 2.12% 39.99 Delayed Quote.-39.68%
BROOKFIELD ASSET MANAGEMENT INC. -0.56% 58.15 Delayed Quote.-23.45%
BROOKFIELD INFRASTRUCTURE CORPORATION 1.20% 42.1 Delayed Quote.-7.49%
CANADIAN TIRE CORPORATION, LIMITED -0.37% 163.79 Delayed Quote.-9.73%
CARVANA CO. -4.64% 26.3 Delayed Quote.-88.65%
CASCADES INC. 5.38% 10.18 Delayed Quote.-30.85%
CI FINANCIAL CORP. 0.22% 13.72 Delayed Quote.-48.11%
COINBASE GLOBAL, INC. -6.68% 51.71 Delayed Quote.-79.51%
CRESCENT POINT ENERGY CORP. -5.66% 8.34 Delayed Quote.23.56%
FIRST MAJESTIC SILVER CORP. 0.11% 8.94 Delayed Quote.-36.53%
H2O INNOVATION INC. -0.56% 1.78 End-of-day quote.-31.80%
HECLA MINING COMPANY 0.00% 3.61 Delayed Quote.-30.84%
HF SINCLAIR CORPORATION 1.09% 45.65 End-of-day quote.39.26%
HOME POINT CAPITAL INC. -3.35% 3.75 Delayed Quote.-16.67%
HYDROFARM HOLDINGS GROUP, INC. -1.37% 3.59 Delayed Quote.-87.31%
JOUNCE THERAPEUTICS, INC. 2.84% 3.26 Delayed Quote.-60.96%
KIMBALL ELECTRONICS, INC. -9.43% 18.35 Delayed Quote.-15.67%
LOANDEPOT, INC. 5.04% 1.46 Delayed Quote.-69.58%
NATIONAL ENERGY SERVICES REUNITED CORP. -2.65% 5.87 Delayed Quote.-37.88%
NOVANTA INC. -1.06% 121.9 Delayed Quote.-30.87%
ON24, INC. -0.68% 10.26 Delayed Quote.-40.86%
OPTINOSE, INC. 0.00% 3.81 Delayed Quote.135.19%
PEGASYSTEMS INC. -1.89% 50.29 Delayed Quote.-54.16%
PGT INNOVATIONS, INC. 0.50% 18.02 Delayed Quote.-19.88%
PIPER SANDLER COMPANIES -2.08% 111.38 Delayed Quote.-36.28%
PLANET FITNESS, INC. -1.44% 70.49 Delayed Quote.-22.18%
PRIMO WATER CORPORATION -1.68% 17.61 Delayed Quote.-21.10%
QUARTERHILL INC. 4.02% 1.81 Delayed Quote.-35.56%
QUEBECOR INC. 3.52% 28.49 Delayed Quote.-1.55%
RACKSPACE TECHNOLOGY, INC. -3.20% 6.96 Delayed Quote.-48.33%
ROGERS SUGAR INC. 0.00% 6.11 Delayed Quote.2.69%
SILVER 1.18% 19.388 Delayed Quote.-17.43%
SOTHERLY HOTELS INC. 2.69% 1.91 Delayed Quote.-8.61%
STEP ENERGY SERVICES LTD. -19.07% 3.82 Delayed Quote.137.27%
THE AZEK COMPANY INC. -1.88% 17.25 Delayed Quote.-62.69%
TREX COMPANY, INC. 0.57% 56.44 Delayed Quote.-58.44%
TRICO BANCSHARES -1.22% 46.22 Delayed Quote.8.92%
UNITY SOFTWARE INC. -2.46% 41.29 Delayed Quote.-71.12%
UPSTART HOLDINGS, INC. -6.68% 33.09 Delayed Quote.-78.13%
VECIMA NETWORKS INC. 1.38% 16.5 Delayed Quote.15.30%
VERU INC. 13.02% 13.02 Delayed Quote.121.05%
WTI 1.10% 99.445 Delayed Quote.46.49%
XEBEC ADSORPTION INC. -3.61% 0.8 Delayed Quote.-66.93%
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