News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

North American Morning Briefing: Stocks to -2-

02/23/2022 | 05:58am EDT

Industry executives and actuaries believe many of these other fatalities are tied to delays in medical care as a result of lockdowns in 2020, and then, later, people's fears of seeking out treatment and trouble lining up appointments.


Virtual Lenders Shake Up Hong Kong's Banking Industry

An upstart group of virtual banks has gained a toehold in Hong Kong, luring consumers from bricks-and-mortar lenders in the Asian financial hub with offerings such as numberless credit cards that promise more security and mobile games that churn out cash prizes.

The eight digital lenders, mostly backed by large banks and other corporations, operate only online or via mobile phones and have no physical branches. They have been expanding aggressively in one of Asia's most banked cities since starting operations in 2020, leading other traditional banks to follow suit with their own digital offerings.


German Consumer Confidence Is Expected to Continue Its Downward Trend

Consumer sentiment in Germany is expected to decline again in March, after an increase in February, due to a sharp rise in coronavirus infection rates at the time of the survey and high inflation, according to GfK.

"Expectations of a significant easing in price trends at the beginning of the year have been shattered for the time being, as inflation rates continue to hover at a high level," Rolf Buerkl, consumer expert at the market-research group, said in a press release Wednesday.


RBNZ Raises Cash Rate for Third Time, Signals Higher Peak

WELLINGTON, New Zealand-New Zealand's central bank raised its benchmark interest rate for the third time since October and forecast a higher peak as it tries to prevent decades-high inflation from becoming entrenched.

The Reserve Bank of New Zealand raised the cash rate 25 basis points to 1.0% on Wednesday, in line with expectations, following increases of the same size in November and October.


Fed's Bostic Says Ukraine Crisis Adds Risk to Outlook

Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday that the Ukraine crisis is adding risk to the economic outlook, but he also said he is still on board with the central bank's looming campaign of monetary policy normalization.

Mr. Bostic, who was speaking to students as Western nations put in place new sanctions on Russia due to its aggression toward Ukraine, said "that kind of uncertainty is a downward risk to economic output" that will factor into how he thinks about monetary policy.


Companies Must Prepare for More Russian Cyber Activity, Experts Warn

U.S. companies should prepare for cyber blowback as President Biden imposes sanctions on Russia for its ongoing aggression in Ukraine, experts said.


Ukraine Calls Up Reservists as Russian Troops Pour Into Breakaway Region; West Steps Up Sanctions

Ukrainian President Volodymyr Zelensky ordered the mobilization of reservists as Russian troops poured into Ukraine's eastern Donbas region and Western nations announced measures to punish Moscow for recognizing two Russian-controlled statelets there as independent, signaling the potential rising economic price on Russia for further aggression.

Mr. Zelensky, in a televised address, said Russia's threat to Ukraine's sovereignty is forcing him to recall contract military personnel to active duty and to mobilize members of the newly created territorial defense brigades for exercises. He said Ukraine wouldn't carry out a general mobilization of civilians, urging them to continue normal life.


Canada Instructs Banks to Unfreeze Freedom-Convoy Accounts

OTTAWA-Canada told banks to unlock financial accounts belonging to individuals involved in a weekslong Covid-19 protest in Ottawa that police shut down this past weekend, according to a finance ministry official.

"They started [Monday] to unfreeze accounts," Isabelle Jacques, a senior official in Canada's finance department, told lawmakers Tuesday.


Biden Has Interviewed Three Candidates for Supreme Court

WASHINGTON-President Biden has conducted interviews with three potential picks for the Supreme Court as he nears a final decision on his promise to nominate a Black woman to the nation's high court for the first time.

Mr. Biden in recent days has interviewed Judge Ketanji Brown Jackson, Judge Julianna Michelle Childs and Justice Leondra Reid Kruger, according to people familiar with the process.


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

Earnings:

Agnico Eagle Mines 4Q

Alamos Gold 4Q

ATCO 4Q

Bausch Health Companies 4Q

BELLUS Health 4Q

Boralex 4Q

Calibre Mining 4Q

Canadian Utilities 4Q

Centerra Gold 4Q

DIRTT Environmental Solutions 4Q

Enerflex 4Q

Exchange Income 4Q

Gildan Activewear 4Q

Hudbay Minerals 4Q

IAMGOLD 4Q

Innergex Renewable Energy 4Q

Lundin Gold 4Q

New Gold 4Q

OceanaGold 4Q

Pan American Silver 4Q

SSR Mining 4Q

Stantec 4Q

Stelco Hldgs 4Q

Sylogist 1Q

Torex Gold Resources 4Q

Trican Well 4Q

Economic Indicators (ET):

0830 4Q Quarterly financial statistics for enterprises

Stocks to Watch:

Gran Tierra Energy 4Q EPS 12c

Triple Flag Precious Metals 4Q EPS 9c; Rev $37M


Expected Major Events for Wednesday

00:01/UK: Feb REC JobsOutlook survey

07:00/GER: Mar GfK consumer climate survey

07:45/FRA: Feb Monthly business survey (goods-producing industries)

12:00/US: 02/18 MBA Weekly Mortgage Applications Survey

13:30/CAN: 4Q Quarterly financial statistics for enterprises

13:55/US: 02/19 Johnson Redbook Retail Sales Index

21:30/US: 02/18 API Weekly Statistical Bulletin

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


Expected Earnings for Wednesday

Armstrong Flooring Inc (AFI) is expected to report $-0.26 for 4Q.

Audacy Inc (AUD) is expected to report for 4Q.

Avanos Medical Inc (AVNS) is expected to report $0.33 for 4Q.

Avista Corp (AVA) is expected to report $0.67 for 4Q.

Bausch Health Companies Inc (BHC,BHC.T) is expected to report $-0.13 for 4Q.

Boralex Inc - Class A (BLX.T,BRLXF) is expected to report $0.19 for 4Q.

Brink's Co (BCO) is expected to report $0.61 for 4Q.

CSI Compressco LP (CCLP) is expected to report for 4Q.

Clean Harbors Inc (CLH) is expected to report $0.66 for 4Q.

Clovis Oncology Inc (CLVS) is expected to report $-0.57 for 4Q.

Dana Incorporated (DAN) is expected to report $0.19 for 4Q.

Entergy Corp (ETR) is expected to report $0.83 for 4Q.

Exelon Corp (EXC) is expected to report $0.74 for 4Q.

G1 Therapeutics Inc (GTHX) is expected to report $-1.03 for 4Q.

Gildan Activewear Inc (GIL,GIL.T) is expected to report $0.56 for 4Q.

Graham Holdings Co (GHC) is expected to report $8.23 for 4Q.

Heron Therapeutics Inc (HRTX) is expected to report $-0.58 for 4Q.

HollyFrontier Corporation (HFC) is expected to report $-0.04 for 4Q.

Independence Contract Drilling Inc (ICD) is expected to report for 4Q.

Integra Lifesciences Holdings Corp (IART) is expected to report $0.57 for 4Q.

Koppers Holdings Inc (KOP) is expected to report $0.69 for 4Q.

Lowe's Cos (LOW) is expected to report $1.71 for 4Q.

MFA Financial Inc (MFA) is expected to report $0.12 for 4Q.

Molson Coors Beverage Co - Class B (TAP,TAPA) is expected to report $0.88 for 4Q.

NeoGenomics Inc (NEO) is expected to report $-0.28 for 4Q.

New Gold (NGD,NGD.T) is expected to report $0.04 for 4Q.

NiSource Inc (NI) is expected to report $0.38 for 4Q.

ODP Corp (ODP) is expected to report for 4Q.

Overstock.com (OSTK) is expected to report $0.29 for 4Q.

Owens & Minor Inc (OMI) is expected to report $0.64 for 4Q.

Parsons Corp (PSN) is expected to report for 4Q.

Photronics (PLAB) is expected to report $0.31 for 1Q.

Physicians Realty Trust (DOC) is expected to report $0.10 for 4Q.

SSR Mining Inc (SSRM,SSRM.T) is expected to report $0.54 for 4Q.

Sinclair Broadcast Group (SBGI) is expected to report $0.08 for 4Q.

TJX Companies Inc (TJX) is expected to report $0.87 for 4Q.

Tellurian Inc (TELL) is expected to report $-0.05 for 4Q.

Travel + Leisure Co (TNL) is expected to report for 4Q.

Vertiv Holdings LLC (VRT) is expected to report for 4Q.

Xtant Medical Holdings Inc (XTNT) is expected to report $-0.17 for 4Q.

Powered by Kantar Media and Dow Jones.


ANALYST RATINGS ACTIONS

Advanced Micro Devices Raised to Outperform From Market Perform by Bernstein

Airgain Cut to Neutral From Buy by B. Riley Securities

Albany International Cut to Neutral From Buy by B of A Securities

Allison Transmission Cut to Neutral From Outperform by Credit Suisse

Balchem Raised to Buy From Neutral by Sidoti & Co.

Burlington Stores Raised to Buy From Hold by Berenberg

Celanese Cut to Underweight From Neutral by Piper Sandler

Cerence Cut to Neutral From Buy by Goldman Sachs

ChampionX Raised to Neutral From Sell by Goldman Sachs

DraftKings Cut to Equal-Weight From Overweight by Wells Fargo

DraftKings Raised to Neutral From Sell by Roth Capital

Goodyear Tire Cut to Hold From Buy by Jefferies

Homology Medicines Cut to Perform From Outperform by Oppenheimer

Homology Medicines Cut to Sector Perform From Outperform by RBC Capital

Homology Medicines Shares Dive 30% to 52-Week Low After Trial Hold, Analysts Cuts

Homology Medicines Shares Drop 27% After Gene Therapy Trial Halted By FDA

PPL Corp Raised to Outperform From Sector Perform by RBC Capital

Privia Health Raised to Outperform From Market Perform by Cowen & Co.

Quidel Raised to Strong Buy From Outperform by Raymond James

RLI Corp Raised to Buy From Neutral by Compass Point

Sysco Raised to Buy From Hold by Argus Research

Visteon Raised to Buy From Neutral by Goldman Sachs

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


(END) Dow Jones Newswires

02-23-22 0557ET

Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. -0.94% 86.71 Delayed Quote.-39.49%
AGNICO EAGLE MINES LIMITED 2.26% 50.24 Delayed Quote.-7.38%
AIRGAIN, INC. -1.97% 8.94 Delayed Quote.-14.21%
ALAMOS GOLD INC. 1.63% 9.28 Delayed Quote.-5.65%
ALBANY INTERNATIONAL CORP. 0.00% 79.29 Delayed Quote.-10.36%
ALLISON TRANSMISSION HOLDINGS, INC. 0.68% 38.31 Delayed Quote.4.46%
ARMSTRONG FLOORING, INC. -5.59% 0.2785 Delayed Quote.-85.10%
AUDACY, INC. -2.14% 1.16 Delayed Quote.-54.47%
AVANOS MEDICAL, INC. 0.41% 26.69 Delayed Quote.-23.33%
AVISTA CORPORATION 0.58% 41.74 Delayed Quote.-2.45%
BALCHEM CORPORATION 0.07% 126.99 Delayed Quote.-24.91%
BAUSCH HEALTH COMPANIES INC. -1.54% 8.65 Delayed Quote.-68.31%
BELLUS HEALTH INC. -1.68% 10.51 Delayed Quote.5.11%
BORALEX INC. 0.07% 42.49 Delayed Quote.22.26%
BURLINGTON STORES, INC. -0.67% 159.29 Delayed Quote.-45.12%
CALIBRE MINING CORP. 8.49% 1.15 Delayed Quote.-20.90%
CANADIAN UTILITIES LIMITED 0.37% 37.85 Delayed Quote.2.75%
CELANESE CORPORATION -2.25% 125.07 Delayed Quote.-24.09%
CENTERRA GOLD INC. 1.69% 9.29 Delayed Quote.-5.95%
CERENCE INC. -2.29% 27.83 Delayed Quote.-62.93%
CHAMPIONX CORPORATION 3.03% 20.11 Delayed Quote.-3.61%
CLEAN HARBORS, INC. -0.21% 87.105 Delayed Quote.-12.88%
CLOVIS ONCOLOGY, INC. -2.28% 1.65 Delayed Quote.-37.27%
COMPASS, INC. -3.69% 3.93 Delayed Quote.-55.34%
CREDIT SUISSE GROUP AG -0.70% 5.696 Delayed Quote.-35.53%
CSI COMPRESSCO LP 0.00% 1.3 Delayed Quote.9.24%
DIRTT ENVIRONMENTAL SOLUTIONS LTD. -4.41% 1.3 Delayed Quote.-50.55%
DRAFTKINGS INC. -3.26% 13.765 Delayed Quote.-48.49%
ENERFLEX LTD. 2.24% 6.39 Delayed Quote.-18.28%
ENTERGY CORPORATION 0.70% 111.305 Delayed Quote.-1.86%
EXCHANGE INCOME CORPORATION 0.49% 42.88 Delayed Quote.0.88%
EXELON CORPORATION 0.67% 43.58 Delayed Quote.5.85%
G1 THERAPEUTICS, INC. -4.69% 5.28 Delayed Quote.-45.74%
GILDAN ACTIVEWEAR INC. 0.73% 37.29 Delayed Quote.-31.10%
GOLD -0.23% 1826.58 Delayed Quote.-0.17%
GRAHAM HOLDINGS COMPANY -0.12% 563 Delayed Quote.-10.50%
GRAN TIERRA ENERGY INC. 6.64% 1.205 Delayed Quote.48.47%
HERON THERAPEUTICS, INC. -4.26% 3.29 Delayed Quote.-62.76%
HOLLYFRONTIER CO. 4.18% 45.33 Delayed Quote.32.67%
HOMOLOGY MEDICINES, INC. -5.42% 1.91 Delayed Quote.-44.23%
HUDBAY MINERALS INC. 5.19% 5.79 Delayed Quote.-40.07%
IAMGOLD CORPORATION 0.00% 2.43 Delayed Quote.-38.32%
INDEPENDENCE CONTRACT DRILLING, INC. -1.88% 3.14 Delayed Quote.6.67%
INNERGEX RENEWABLE ENERGY INC. 0.39% 18.23 Delayed Quote.-2.47%
INTEGRA LIFESCIENCES HOLDINGS CORPORATION 0.27% 54.66 Delayed Quote.-18.66%
KOPPERS HOLDINGS INC. 1.06% 23.93 Delayed Quote.-24.35%
LOWE'S COMPANIES, INC. 0.41% 184.08 Delayed Quote.-29.26%
LUNDIN GOLD INC. 1.44% 9.81 Delayed Quote.-6.81%
MFA FINANCIAL, INC. 0.86% 11.74 Delayed Quote.-36.29%
MOLSON COORS BEVERAGE COMPANY -0.20% 55.66 Delayed Quote.20.32%
NEOGENOMICS, INC. -3.82% 9.325 Delayed Quote.-71.60%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.06% 0.63111 Delayed Quote.-7.66%
NISOURCE, INC. -0.19% 28.57 Delayed Quote.3.66%
OCEANAGOLD CORPORATION 0.39% 2.57 Delayed Quote.16.36%
PAN AMERICAN SILVER CORP. 1.40% 27.5 Delayed Quote.-13.88%
PHOTRONICS, INC. 2.51% 20.96 Delayed Quote.7.90%
PHYSICIANS REALTY TRUST 0.66% 17.475 Delayed Quote.-7.91%
PIPER SANDLER COMPANIES 0.12% 113.93 Delayed Quote.-36.17%
PPL CORPORATION 0.00% 27.09 Delayed Quote.-9.91%
PRIVIA HEALTH GROUP, INC. -0.85% 29.18 Delayed Quote.13.76%
RLI CORP. 0.01% 113.8 Delayed Quote.1.53%
S&P 500 INDEX -0.37% 3900.46 Real-time Quote.-17.93%
S&P GSCI GOLD INDEX -0.11% 1064.57 Real-time Quote.0.09%
S&P GSCI PRECIOUS METALS INDEX -0.04% 2371.24 Real-time Quote.-0.85%
SILVER 0.94% 21.323 Delayed Quote.-9.36%
SINCLAIR BROADCAST GROUP, INC. 0.95% 21.25 Delayed Quote.-20.58%
SSR MINING INC. -11.84% 21.38 Delayed Quote.8.31%
STANTEC INC. -0.09% 56.01 Delayed Quote.-21.12%
STELCO HOLDINGS INC. 1.26% 35.33 Delayed Quote.-15.53%
SYLOGIST LTD. 9.05% 7.83 Delayed Quote.-44.30%
SYSCO CORPORATION -0.19% 85.62 Delayed Quote.8.94%
TELLURIAN INC. 7.76% 3.12 Delayed Quote.-5.84%
THE BRINK'S COMPANY -0.75% 58.6 Delayed Quote.-10.00%
THE GOODYEAR TIRE & RUBBER COMPANY -0.90% 11.64 Delayed Quote.-45.22%
THE ODP CORPORATION -0.52% 30.74 Delayed Quote.-21.33%
THE TJX COMPANIES -0.55% 60.06 Delayed Quote.-20.65%
TOREX GOLD RESOURCES INC. 1.07% 11.33 Delayed Quote.-14.75%
TRIPLE FLAG PRECIOUS METALS CORP. 0.78% 16.78 Delayed Quote.9.61%
UPSTART HOLDINGS, INC. -5.59% 38.72 Delayed Quote.-72.93%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.47% 53.883 Delayed Quote.-28.47%
VERTIV HOLDINGS CO -1.03% 10.18 Delayed Quote.-59.03%
VISTEON CORPORATION -0.27% 107.76 Delayed Quote.-2.78%
WELLS FARGO & COMPANY -1.67% 40.175 Delayed Quote.-15.05%
XTANT MEDICAL HOLDINGS, INC. 12.78% 0.525 Delayed Quote.-16.88%
Latest news "Markets"
10:13aTSX gains on resources-linked boost, upbeat global mood
RE
09:38aWall St opens higher as inflation fears ease
RE
09:34aTSX opens higher as resources-linked shares gain
RE
08:33aBruised biotech investors focus on firms with more advanced products
RE
08:24aJust Eat Takeaway increases European restaurant commissions by 1%
RE
07:48aStocks extend gains as inflation worries ease
RE
07:19aWall St set to extend bounce as inflation fears ease
RE
07:12aToronto index set to open higher on stronger commodity prices
RE
06:55aIndia shares close at over 2-week high as tech, metal stocks gain
RE
05:55aEM stocks climb as U.S. rate hike fears ease, rouble volatile as Russia defaults on foreign debt
RE
Latest news "Markets"