TODAY IN CANADA
Earnings:
Atkinsrealis Gp 1Q
Bragg Gaming 1Q
Keyera Corp. 1Q
South Bow Corp 1Q
Strathcona Rscrs 1Q
Sylogist Ltd. 1Q
Vecima Netwrks 3Q
Economic Indicators (ET):
Housing starts for April
Wholesale trade for March
Monthly Survey of Manufacturing for March
Stocks to Watch:
Agnico-Eagle Mines to Subscribe for 30M Voting Common Shares of Foran Mining in Non-Brokered Private Placement at C$3 a Share
American Hotel Income Properties REIT 1Q Rev $48.6M; 1Q Loss $22.4M
Automotive Properties REIT 1Q Rev C$23.9M; 1Q Net C$7.64M
Bird Construction 1Q EPS C$0.17; 1Q Adj EPS C$0.23; At March 31, Backlog of Contracted Work Grew 16.4% From Prior Qtr
Bombardier Announces Conditional Notice of Partial Redemption for $500M of Its 7.875% Senior Notes Due 2027
Ceres Global Ag 3Q Rev $215Mp; 3Q EPS 5c; 3Q Net $1.56M
Electrovaya 2Q EPS 2c; 2Q Rev $15M; Reaffirms Guidance for FY2025 Rev Above $60M
Foran Mining Announces Pricing of C$350M Non-Brokered Private Placement; to Issue 116.7M Shrs for C$3 Each; Investors in Placement Include Canada Growth Fund, Agnico Eagle Mines and Fairfax Financial
Galiano Gold 1Q Loss/Shr 10c; 1Q Rev $76.5M
G Mining Ventures 1Q Rev $98.0M; 1Q Adj EPS 16C
Integra Resources 1Q Adj EPS 3c
Largo 1Q Loss/Shr 14c; 1Q Rev $28.2M; Vanadium Markets in Europe and China Remain Weak, Pressured by Low Steel and Infrastructure Demand and Oversupply
Li-Cycle Obtains Creditor Protection Under CCAA and Chapter 15; Enters $10.5M Debtor-in-Possession Financing Facility Term Sheet With Glencore; Li-Cycle, Glencore Agree to Stalking Horse Credit Bid of at Least $40M for Certain Subsidiaries and Assets, Assumption of Certain Liabilities; Li-Cycle Expects to Commence Sale and Investment Solicitation Process as Part of CCAA Proceedings
North American Construction Group 1Q EPS C$0.21; 1Q Rev C$340.8M; 1Q Adj EPS C$0.52; Vanessa Guthrie Resigns From Board; North American Construction Group Sees 2025 Rev C$1.4B-C$1.6B; Sees 2025 Adj EPS C$3.70-Adj EPS C$4
Pro REIT 1Q EPS 24.62c; 1Q Net C$15M
Sigma Lithium 1Q EPS US$0.04, Not C$0.04; 1Q Revenue US$47.7M, Not C$47.7M
STEP Energy Services 1Q EPS C$0.33; 1Q Rev C$307.7M
Strathcona Resources Ltd. Announces Sale Of Montney Business For $2.84 Billion And Acquisition Of Hardisty Rail Terminal
WildBrain 3Q Rev C$140.1M; 3Q Loss From Continuing Operations C$10.8M; 3Q Loss C$13.8M; Backs FY25 Consolidated Revenue Up 10%-15%
Expected Major Events for Thursday
04:30/JPN: Mar Revised Retail Sales
06:00/UK: Mar UK trade
06:00/UK: Mar Index of production
06:00/UK: Mar Index of services
06:00/UK: 1Q Business investment in the UK: provisional results
06:00/UK: Mar Monthly GDP estimates
06:00/UK: 1Q First quarterly estimate of GDP
06:00/JPN: Apr Preliminary Machine Tool Orders
06:00/GER: Apr WPI
06:45/FRA: Apr CPI
08:00/FRA: May IEA Oil Market Report
08:30/UK: 1Q Mortgage Arrears and Possessions data
08:30/UK: 1Q Mortgage and landlord possession statistics
10:00/FRA: Mar OECD Harmonised Unemployment Rates
11:30/UK: Apr NIESR Monthly GDP Tracker
12:15/CAN: Apr Housing Starts
12:30/US: Apr PPI
12:30/CAN: Mar Wholesale trade
12:30/US: May Empire State Manufacturing Survey
12:30/CAN: Mar Monthly Survey of Manufacturing
12:30/US: Apr Advance Monthly Sales for Retail & Food Services
12:30/US: 05/10 Unemployment Insurance Weekly Claims Report - Initial Claims
12:30/US: May Philadelphia Fed Business Outlook Survey
12:30/US: U.S. Weekly Export Sales
13:00/RUS: Weekly International Reserves
13:15/US: Apr Industrial Production and Capacity Utilization
14:00/US: Mar Manufacturing & Trade: Inventories & Sales
14:00/US: May NAHB Housing Market Index
14:30/US: 05/09 EIA Weekly Natural Gas Storage Report
15:00/US: ISM Semiannual Supply Chain Planning Forecast
20:30/US: Federal Discount Window Borrowings
20:30/US: Foreign Central Bank Holdings
23:01/UK: Apr Scottish Retail Sales Monitor
23:50/JPN: 1Q 1st Preliminary Quarterly GDP Estimates
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Thursday
AIM ImmunoTech Inc (AIMI) is expected to report for 1Q.
ATS is expected to report $0.17 for 4Q.
Advanced Drainage Systems Inc (WMS) is expected to report $1.07 for 4Q.
Air Industries Group (AIRI) is expected to report for 1Q.
American Shared Hospital Services (AMS) is expected to report for 1Q.
AtkinsRealis Group Inc (ATRL.T) is expected to report for 1Q.
Brainstorm Cell Therapeutics Inc (BCLI) is expected to report for 1Q.
CEL-SCI Corp (CVM) is expected to report for 2Q.
Calfrac Well Services is expected to report for 1Q.
Canadian Solar Inc (CSIQ) is expected to report $-1.16 for 1Q.
Century Therapeutics Inc (IPSC) is expected to report $-0.07 for 1Q.
Deere & Co (DE) is expected to report $5.58 for 2Q.
Dillard's Inc - Class A (DDS) is expected to report $9.08 for 1Q.
Dynacor Group is expected to report for 1Q.
Eledon Pharmaceuticals Inc (ELDN) is expected to report for 1Q.
Global Water Resources Inc (GWR-T,GWRS) is expected to report $0.00 for 1Q.
GlycoMimetics Inc (GLYC) is expected to report $-0.36 for 1Q.
HOOKIPA Pharma Inc (HOOK) is expected to report for 1Q.
Invivyd Inc (IVVD) is expected to report $-0.03 for 1Q.
Keyera Corp (KEY.T,KEYUF) is expected to report $0.49 for 1Q.
LanzaTech Global Inc (LNZA) is expected to report $-0.15 for 1Q.
Lazydays Holdings Inc (GORV) is expected to report for 1Q.
Mersana Therapeutics Inc (MRSN) is expected to report $-0.21 for 1Q.
MetaVia Inc (NRBO) is expected to report for 1Q.
Microbix Biosystems Inc (MBX.T,MBXBF) is expected to report for 2Q.
Milestone Scientific Inc (MLSS) is expected to report $-0.01 for 1Q.
Ondas Holdings Inc (ONDS) is expected to report $-0.11 for 1Q.
Outlook Therapeutics Inc (OTLK) is expected to report for 2Q.
PAVmed Inc (PAVM) is expected to report $-0.13 for 1Q.
PowerFleet Inc (AIOT) is expected to report $-0.01 for 4Q.
Precision Biosciences Inc (DTIL) is expected to report for 1Q.
Quarterhill Inc (QTRH,QTRH.T) is expected to report for 1Q.
S&W Seed Co (SANW) is expected to report for 3Q.
Sierra Metals Inc (SMT.T,SMTS) is expected to report for 1Q.
SouthGobi Resources Ltd (1878.HK,SGQ.V,SGQRF) is expected to report for 1Q.
Taysha Gene Therapies Inc (TSHA) is expected to report $-0.09 for 1Q.
United Bancorp Inc (UBCP) is expected to report for 1Q.
Vecima Networks is expected to report $0.04 for 3Q.
Walmart Inc (WMT) is expected to report $0.57 for 1Q.
Wilhelmina International Inc (WHLM) is expected to report for 1Q.
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ANALYST RATINGS ACTIONS
AbbVie Cut to Neutral From Buy by Citigroup
Ameren Raised to Overweight From Sector Weight by Keybanc
Biodesix Cut to Market Perform From Outperform by William Blair
Cboe Global Markets Cut to Underweight From Overweight by Morgan Stanley
Cellectar Biosciences Cut to Hold From Buy by Maxim Group
Chimera Investment Raised to Buy From Neutral by UBS
Consolidated Edison Cut to Underweight From Sector Weight by Keybanc
Entergy Raised to Overweight From Sector Weight by Keybanc
Exelon Cut to Underweight From Sector Weight by Keybanc
Funko Raised to Neutral From Sell by Goldman Sachs
Gladstone Investment Cut to Neutral From Buy by Ladenburg Thalmann
Halozyme Therapeutics Cut to Equal-Weight From Overweight by Morgan Stanley
iTeos Therapeutics Cut to Market Perform From Outperform by Leerink Partners
iTeos Therapeutics Cut to Neutral From Buy by HC Wainwright & Co.
KKR & Co. Raised to Overweight From Equal-Weight by Morgan Stanley
Krispy Kreme Cut to Neutral From Overweight by JP Morgan
Magnera Cut to Equal-Weight From Overweight by Wells Fargo
Merck Cut to Neutral From Buy by Citigroup
Omnicell Raised to Overweight From Equal-Weight by Wells Fargo
Portland General Electric Cut to Sector Weight From Overweight by Keybanc
PVH Corp Raised to Buy From Hold by Jefferies
Regeneron Pharma Raised to Buy From Neutral by Citigroup
Rivian Automotive Cut to Hold From Buy by Jefferies
Southern Co Cut to Underweight From Sector Weight by Keybanc
UL Solutions Cut to Neutral From Buy by Citigroup
UnitedHealth Cut to Neutral From Buy by B of A Securities
Wayfair Cut to Sell From Hold by Loop Capital
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
05-15-25 0614ET
