Fire crews were granted a small reprieve in battling the blazes on Tuesday as winds fell short of expectations, but officials warned that wind speeds are expected to pick up overnight, raising fears of new fires. More than 10.5 million people remain under red-flag warnings for fire danger.
Write to gareth.mcpherson@wsj.com
TODAY IN CANADA
Earnings:
Haivision Systems Inc. 4Q
Economic Indicators $(ET)$:
0830 New motor vehicle sales for Nov
0830 Monthly Survey of Manufacturing for Nov
0830 Wholesale trade for Nov
Stocks to Watch:
Canada Approves Bunge's $8.2 Billion Deal for Viterra; Bunge Agrees to Sell 6 Grain Elevators in Return for Deal Approval; Bunge to Maintain Viterra Head Office in Saskatchewan; Bunge Agrees to 'Strict' Controls Related to G3 Ownership Stake
Champion Iron Price Target Raised 7% to A$7.50/Share by Macquarie
Velan to Divest Asbestos-Related Liabilities to Global Risk Capital Affiliate at Cost of US$143M; Enters Negotiations With Framatome for Sale of French Subsidiaries for Total Consideration of US$198.4M; Velan 3Q Loss/Shr $2.22
Expected Major Events for Wednesday
06:00/JPN: Dec Preliminary Machine Tool Orders
07:00/GER: Dec WPI
07:00/UK: Dec CPI
07:00/UK: Dec UK producer prices
07:45/FRA: Dec CPI
09:00/GER: Annual GDP - first provisional calculation
09:00/FRA: Jan IEA Oil Market Report
09:30/UK: Nov UK House Price Index
12:00/US: 01/10 MBA Weekly Mortgage Applications Survey
13:30/US: Dec Real Earnings
13:30/US: Dec CPI
13:30/CAN: Nov Monthly Survey of Manufacturing
13:30/CAN: Nov New motor vehicle sales
13:30/CAN: Nov Wholesale trade
13:30/US: Jan Empire State Manufacturing Survey
15:30/US: 01/10 EIA Weekly Petroleum Status Report
16:00/US: Dec Online Help Wanted Index
19:00/US: U.S. Federal Reserve Beige Book
23:50/JPN: Dec Corporate Goods Price Index
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Wednesday
AMCON Distributing Co (DIT) is expected to report for 1Q.
BancFirst Corp $(BANF)$ is expected to report $1.62 for 4Q.
Bank of New York Mellon Corp $(BK)$ is expected to report $1.54 for 4Q.
Caldwell Partners International Inc (CWL.T) is expected to report for 1Q.
$Citigroup Inc(C-N)$ (C) is expected to report $1.22 for 4Q.
Citizens & Northern Corp $(CZNC)$ is expected to report $0.45 for 4Q.
Community Trust Bancorp Inc $(CTBI)$ is expected to report $1.20 for 4Q.
Community West Bancshares $(CWBC)$ is expected to report for 4Q.
Concentrix Corp (CNXC) is expected to report $0.97 for 4Q.
FRMO Corp (FRMO) is expected to report for 2Q.
Franklin Resources Inc $(BEN)$ is expected to report.
HB Fuller Co $(FUL)$ is expected to report $1.20 for 4Q.
Home BancShares Inc (HOMB) is expected to report $0.51 for 4Q.
JPMorgan Chase & Co $(JPM)$ is expected to report $4.09 for 4Q.
Kinder Morgan Inc $(KMI)$ is expected to report $0.33 for 4Q.
NVE Corp $(NVEC)$ is expected to report for 3Q.
Plumas Bancorp (PLBC) is expected to report $1.19 for 4Q.
Southern First Bancshares Inc (SFST) is expected to report for 4Q.
Synovus Financial Corp $(SNV)$ is expected to report $1.15 for 4Q.
Wells Fargo & Co $(WFC)$ is expected to report $1.35 for 4Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
Air Products & Chemicals Raised to Overweight From Equal-Weight by Wells Fargo
AO Smith Raised to Outperform From Perform by Oppenheimer
APi Group Raised to Outperform From Sector Perform by RBC Capital
Archer Daniels Midland Cut to Underperform From Neutral by B of A Securities
Celanese Raised to Buy From Underperform by B of A Securities
Chegg Cut to Underweight From Equal-Weight by Morgan Stanley
Choice Hotels Intl Cut to Underweight From Equal-Weight by Morgan Stanley
Citigroup Reviews Potential Energy Impacts from Possible Trump Tariffs -- OPIS
Clearwater Analytics Raised to Buy From Neutral by DA Davidson
CommScope Holding Raised to Neutral From Underweight by JP Morgan
Cummins Raised to Neutral From Underperform by B of A Securities
CVRx Raised to Outperform From Market Perform by William Blair
Devon Energy Raised to Buy From Hold by Benchmark
Eastman Chemical Raised to Buy From Neutral by B of A Securities
Element Solutions Cut to Neutral From Buy by B of A Securities
Fiserv Raised to Buy From Neutral by Seaport Global
Flywire Cut to Neutral From Buy by Seaport Global
FMC Corporation Raised to Neutral From Underperform by B of A Securities
Fortinet Cut to Market Perform From Outperform by Raymond James
General Dynamics Cut to Neutral From Outperform by Baird
Intelligent Protection Raised to Buy From Hold by Maxim Group
Intra-Cellular Therapies Cut to Neutral From Overweight by Piper Sandler
Las Vegas Sands Cut to Equal-Weight From Overweight by Morgan Stanley
Mastercard Cut to Neutral From Buy by Seaport Global
Monarch Casino Raised to Buy From Hold by Truist Securities
Olin Raised to Buy From Neutral by B of A Securities
Paccar Raised to Buy From Neutral by B of A Securities
RumbleON Cut to Neutral From Buy by DA Davidson
Sunstone Hotel Investors Cut to Underweight From Equal-Weight by Morgan Stanley
United Rentals Raised to Neutral From Underperform by Baird
Visa Raised to Buy From Neutral by Seaport Global
Voya Financial Cut to Equal-Weight From Overweight by Wells Fargo
WEX Cut to Neutral From Buy by Citigroup
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
January 15, 2025 06:09 ET (11:09 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
