WASHINGTON-Two Democratic lawmakers called for the Department of Homeland Security inspector general to step aside from investigating missing Secret Service phone records, questioning his handling of the probe.
Reps. Carolyn B. Maloney (D., N.Y.) and Bennie G. Thompson (D., Miss.) said Tuesday they were concerned about how long it took Joseph Cuffari to notify Congress about his accusation that the Secret Service erased many text messages from Jan. 6, 2021, the day of the Capitol attack, and the preceding day.
Write to paul.larkins@dowjones.com TODAY IN CANADA
Earnings:
2Q unless stated otherwise
Acadian Timber
Agnico Eagle Mines
Alamos Gold
Baytex Energy
Cameco
Cargojet
CGI 3Q
Crescent Point Energy
DIRTT Environmental
FirstSvc
GFL Environmental
Kinross Gold
Loblaw Companies
Lundin Mining
Methanex
Nomad Royalty
Precision Drilling
Rogers Commun
Sherritt Intl
Shopify
Spin Master
Tourmaline Oil
West Fraser Timber
Economic Indicators:
None scheduled
Stocks to Watch:
Teck 2Q EPS C$3.07 Vs. EPS C$0.48; 2Q Rev C$5.79B Vs. C$2.56B; 2Q Adj EPS C$3.25 Vs. Adj EPS C$0.63; 2Q Profit, Adj Profit Attributable to Shareholders Both Hit Qtrly Records of C$1.67B and C$1.77B
Teck: 2Q Marks Fourth Consecutive Quarter of Record-Setting Ebitda and Profitability; 2Q Results Driven by Strong Commodity Prices; Completes C$572M in Shr Buybacks, Paid Dn Further $650M in Outstanding Debt; Strong Balance Sheet, Liquidity Put Co on Solid Footing Amid Inflationary Pressures, Global Economy Slowdown
Teck: President and CEO Don Lindsay to Retire Sept 30; Board Has Unanimously Appointed Jonathan Price as New CEO, Harry Conger as Pres and COO; Both Appointments Also Effective Sept 30; Price, Conger Will Also Be Appointed to Bd; Lindsay to Stay on as Executive Vice Chair Into 2Q 2023 to Support Transition
Teck: Incoming CEO Price Is Currently Executive Vice Pres and Chief Fincl Officer; Incoming Pres and COO Conger Has Served as Executive Vice Pres and COO Since Sept 2020; Vice Pres & Corporate Controller Crystal Prystai to Serve as Interim CFO as Search for New CFO Is Undertaken
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Toromont 2Q Rev C$1.08B; 2Q Basic EPS C$1.35
Expected Major Events for Wednesday
05:00/JPN: May Indexes of Business Conditions - Revision
06:00/GER: Aug GfK consumer climate survey
06:45/FRA: Jul Consumer confidence survey
08:00/ITA: Jul Consumer Confidence Survey
08:00/ITA: Jul Business Confidence Survey
08:30/UK: Jun Capital issuance
10:00/FRA: 2Q Claimant count and job advertisements collected by Pole emploi
11:00/US: 07/22 MBA Weekly Mortgage Applications Survey
12:30/US: Jun Advance Report on Durable Goods
12:30/US: Jun Advance Economic Indicators Report
14:00/US: Jun Pending Home Sales Index
14:30/US: 07/22 EIA Weekly Petroleum Status Report
18:00/US: U.S. interest rate decision
23:01/UK: Jun UK monthly automotive manufacturing figures
23:50/JPN: Jul Provisional Trade Statistics for 1st 10 days of Month
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Expected Earnings for Wednesday
American Electric Power Co Inc (AEP) is expected to report $1.17 for 2Q.
Amphenol Corp (APH) is expected to report $0.68 for 2Q.
Automatic Data Processing Inc (ADP) is expected to report $1.47 for 4Q.
BOK Financial Corp (BOKF) is expected to report $1.43 for 2Q.
BeyondSpring Inc (BYSI) is expected to report $-0.24 for 1Q.
Boston Scientific (BSX) is expected to report $0.24 for 2Q.
Bristol-Myers Squibb Co (BMY) is expected to report $0.52 for 2Q.
Bunge Limited (BG) is expected to report $3.33 for 2Q.
CGI Inc - Class A (GIB,GIB.A.T) is expected to report $1.52 for 3Q.
CME Group Inc (CME) is expected to report $1.84 for 2Q.
Cowen Inc (COWN) is expected to report $0.26 for 2Q.
DallasNews Corp (DALN) is expected to report for 2Q.
Firstservice Corp (FSV,FSV.T) is expected to report for 2Q.
Genuine Parts Company (GPC) is expected to report $2.06 for 2Q.
Humana Inc (HUM) is expected to report $7.46 for 2Q.
Invesco Ltd (IVZ,IVZ-LN) is expected to report $0.53 for 2Q.
Lamb Weston Holdings Inc (LW) is expected to report $0.50 for 4Q.
Loblaw Companies (L.T,LBLCF) is expected to report $1.45 for 2Q.
New York Community Bancorp (NYCB) is expected to report $0.32 for 2Q.
Old Dominion Freight Line (ODFL) is expected to report $3.16 for 2Q.
Otis Worldwide Corp (OTIS) is expected to report for 2Q.
Precision Drilling (PD.T,PDS) is expected to report for 2Q.
Prosperity Bancshares (PB) is expected to report $1.39 for 2Q.
Rockwell Automation (ROK) is expected to report $2.26 for 3Q.
Rogers Communications Inc - Class B (RCI,RCI.A.T,RCI.B.T) is expected to report $0.78 for 2Q.
Ryder System (R) is expected to report $4.05 for 2Q.
Secure Energy Services (SES.T) is expected to report $0.05 for 2Q.
Sherwin-Williams Co (SHW) is expected to report $2.64 for 2Q.
Silgan Holdings Inc (SLGN) is expected to report $0.97 for 2Q.
Stepan Co (SCL) is expected to report $1.78 for 2Q.
Stock Yards Bancorp Inc (SYBT) is expected to report $0.86 for 2Q.
Strategic Education Inc (STRA) is expected to report $1.38 for 2Q.
Teck Resources Ltd - Class B (TECK,TECK.A.T,TECK.B.T) is expected to report $3.19 for 2Q.
Travelzoo (TZOO) is expected to report for 2Q.
Trinity Industries (TRN) is expected to report $0.14 for 2Q.
Turning Point Brands Inc (TPB) is expected to report $0.51 for 2Q.
Universal Stainless & Alloy Products Inc (USAP) is expected to report $0.24 for 2Q.
Veritex Holdings Inc (VBTX) is expected to report $0.69 for 2Q.
Waste Management Inc (WM) is expected to report $1.38 for 2Q.
World Acceptance (WRLD) is expected to report $0.11 for 1Q.
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ANALYST RATINGS ACTIONS
Agile Therapeutics Raised to Buy From Hold by Maxim Group
American Eagle Outfitters Cut to Underperform From Neutral by B of A Securities
Chewy Cut to Neutral From Outperform by Wedbush
Helix Energy Solutions Shares Rise After 2Q Results
HomeTrust Bancshares Cut to Neutral From Buy by Compass Point
Infrastructure & Energy Cut to Hold From Buy by Stifel
Infrastructure & Energy Cut to Neutral From Buy by DA Davidson
Invitae Cut to Market Perform From Outperform by Cowen & Co.
MicroStrategy Cut to Underperform From Hold by Jefferies
NextEra Energy Cut to Neutral From Buy by Seaport Global
Paramount Global Cut to Sell From Buy by Goldman Sachs
Revolve Group Cut to Underperform From Buy by B of A Securities
Roku Cut to Underperform From Peer Perform by Wolfe Research
Traeger Cut to Neutral From Outperform by Credit Suisse
Vista Outdoor Cut to Neutral From Buy by Roth Capital
VistaGen Therapeutics Cut to Hold From Buy by Maxim Group
Weber Cut to Underperform From Neutral by B of A Securities
Weber Cut to Underweight From Equal-Weight by Wells Fargo
Zendesk Cut to Hold From Buy by Stifel
Zendesk Cut to Market Perform From Market Outperform by JMP Securities
Zendesk Cut to Market Perform From Outperform by William Blair
Zscaler Cut to Neutral From Buy by BTIG
Zymergen Raised to Neutral From Underweight by JP Morgan
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
07-27-22 0527ET