North American Morning Briefing : Yields Fall -2-

October 24, 2023 at 06:07 am EDT

0830 Sep New Housing Price Index

Stocks to Watch:

High Arctic: Continue to Research Alternative Structure to Meet Goals of Strategic Business Management, Governance Concerns; Optimistic About Achieving Reorganization Acceptable to Shareholders; No Certainty at This Time; Suspending Monthly Dividend to Preserve Cash Amid Reorgnization Delay

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Teck Resources 3Q Rev C$3.60B Vs. C$4.26B; 3Q Adj EPS C$0.76 Vs. Adj EPS C$1.74; 3Q EPS From Continuing Ops C$0.52 Vs. C$1.40

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TFI International 3Q Rev $1.91B; 3Q EPS $1.54; Raises Dividend to 40c

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Western Forest Products Reaches Agreement for Tlowitsis, We Wai Kai, Wei Wai Kum, K'ómoks First Nations to Acquire 34% Interest in Newly Formed Limited Partnership for C$35.9M; British Columbia Helped Facilitate Partnership Through Incremental Treaty Agreements With the Nations; Formation of Partnership, Acquisition by the Nations Subject to Closing Conditions; Working With the Nations Toward Closing Acquisition in 1Q 2024

Expected Major Events for Tuesday

00:30/JPN: Oct Japan Flash Manufacturing PMI

05:30/JPN: Sep Tokyo area department store sales

05:30/JPN: Sep Nationwide department store sales

06:00/UK: Sep UK monthly unemployment figures

06:00/GER: Nov GfK consumer climate survey

07:15/FRA: Oct France Flash PMI

07:30/GER: Oct Germany Flash PMI

08:30/UK: Oct Flash UK PMI

08:59/JPN: Aug Final Labour Survey - Earnings, Employment & Hours Worked

10:00/UK: Oct CBI Industrial Trends Survey

12:30/CAN: Sep New Housing Price Index

12:55/US: 10/21 Johnson Redbook Retail Sales Index

13:45/US: Oct US Flash Manufacturing PMI

13:45/US: Oct US Flash Services PMI

14:00/US: Oct Richmond Fed Business Activity Survey

17:00/US: Sep Money Stock Measures

20:30/US: 10/20 API Weekly Statistical Bulletin

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

Expected Earnings for Tuesday

Ares Capital Corp (ARCC) is expected to report $0.57 for 3Q.

Auburn National Bancorporation Inc (AUBN) is expected to report for 3Q.

Banc Of California Inc (BANC) is expected to report $0.29 for 3Q.

Capital City Bank Group (CCBG) is expected to report $0.84 for 3Q.

Citizens Holding Co (CIZN) is expected to report for 3Q.

City Holding Co (CHCO) is expected to report $1.89 for 3Q.

Coca-Cola Co (KO) is expected to report $0.69 for 3Q.

Community Bank System (CBU) is expected to report $0.88 for 3Q.

Corning Inc (GLW) is expected to report $0.39 for 3Q.

Danaher Corp (DHR) is expected to report $1.27 for 3Q.

Dover Corp (DOV) is expected to report $2.08 for 3Q.

Dow Inc (DOW) is expected to report $0.41 for 3Q.

Franklin Electric Co Inc (FELE) is expected to report $1.30 for 3Q.

Gatx Corp (GATX) is expected to report $1.48 for 3Q.

General Motors (GM,GMM.U-T) is expected to report $1.80 for 3Q.

Graphic Packaging Holding Co (GPK) is expected to report $0.66 for 3Q.

HCA Healthcare Inc (HCA) is expected to report $4.01 for 3Q.

Halliburton Co (HAL) is expected to report $0.77 for 3Q.

Herc Holdings Inc (HRI) is expected to report $3.96 for 3Q.

Independent Bank MI (IBCP) is expected to report $0.62 for 3Q.

Kimberly-Clark Corp (KMB) is expected to report $1.62 for 3Q.

Mueller Industries Inc (MLI) is expected to report $1.02 for 3Q.

Nucor Corp (NUE) is expected to report $4.20 for 3Q.

Old National Bancorp (ONB) is expected to report $0.50 for 3Q.

PJT Partners Inc (PJT) is expected to report $0.25 for 3Q.

PacWest Bancorp (PACW) is expected to report $0.04 for 3Q.

Pacific Premier Bancorp Inc (PPBI) is expected to report $0.55 for 3Q.

Peoples Bancorp (Ohio) (PEBO) is expected to report $0.88 for 3Q.

Polaris Inc (PII) is expected to report $2.68 for 3Q.

PulteGroup Inc (PHM) is expected to report $2.83 for 3Q.

Quest Diagnostics (DGX) is expected to report $2.00 for 3Q.

Sandy Spring Bancorp Inc (SASR) is expected to report $0.56 for 3Q.

Sherwin-Williams Co (SHW) is expected to report $2.69 for 3Q.

Simmons First National Corp - Class A (SFNC) is expected to report $0.35 for 3Q.

Simply Good Foods (SMPL) is expected to report $0.40 for 4Q.

Southern First Bancshares Inc (SFST) is expected to report $0.34 for 3Q.

Synchrony Financial (SYF) is expected to report $1.43 for 3Q.

TransUnion (TRU) is expected to report $0.46 for 3Q.

Utah Medical Products (UTMD) is expected to report for 3Q.

Verizon Communications (VZ) is expected to report $1.16 for 3Q.

ANALYST RATINGS ACTIONS

Alcoa Cut to Neutral From Buy by B of A Securities

Alteryx Cut to Underweight From Neutral by Piper Sandler

Arvinas Raised to Outperform From Neutral by Wedbush

Asana Cut to Underweight From Neutral by Piper Sandler

Blackstone Sec Lending Fd Raised to Overweight From Neutral by JP Morgan

Braze Raised to Buy From Neutral by DA Davidson

Bright Horizons Family Raised to Neutral From Sell by UBS

Church & Dwight Raised to Market Perform From Underperform by Raymond James

Citizens Financial Group Raised to Peer Perform From Underperform by Wolfe Research

Diamondback Energy Cut to Neutral From Buy by Citigroup

DigitalOcean Raised to Neutral From Underweight by Piper Sandler

e.l.f. Beauty Shares Climb on Raymond James' Upgrade

Edison International Raised to Outperform From In-Line by Evercore ISI Group

elf Beauty Raised to Strong Buy From Outperform by Raymond James

EOG Resources Cut to Neutral From Buy by Citigroup

Equity Lifestyle Cut to Neutral From Buy by B of A Securities

FMC Corporation Cut to Neutral From Buy by B of A Securities

FMC Corporation Cut to Neutral From Buy by Goldman Sachs

Generation Bio Cut to Market Perform From Market Outperform by JMP Securities

Huntington Bancshares Raised to Peer Perform From Underperform by Wolfe Research

Independent Bank MA Raised to Neutral From Sell by Seaport Global

Ionis Pharmaceuticals Raised to Neutral From Underperform by B of A Securities

Lindsay Raised to Buy From Neutral by Roth MKM

MarineMax Raised to Buy From Neutral by B. Riley Securities

Morgan Stanley Cut to Hold From Buy by Odeon Capital

Newell Brands Cut to Outperform From Strong Buy by Raymond James

Nxu Cut to Hold From Buy by Maxim Group

Pinterest Raised to Buy From Hold by Stifel

Pioneer Natural Cut to Hold From Buy by Stifel

Republic Services Raised to Buy From Neutral by UBS

RingCentral Cut to Neutral From Buy by Rosenblatt

Skillz Raised to Neutral From Sell by BTIG

Unity Software Cut to Neutral From Overweight by Piper Sandler

Utz Brands Raised to Overweight From Equal-Weight by Stephens & Co.

Viatris Cut to Underperform From Neutral by B of A Securities

Walgreens Boots Alliance Raised to Overweight From Neutral by JP Morgan

Waste Management Raised to Buy From Neutral by UBS

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

(END) Dow Jones Newswires

10-24-23 0606ET

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
AUBURN NATIONAL BANCORPORATION, INC.	17.35 USD	+2.06%	+3.03%	60.62M
CITIZENS FINANCIAL GROUP, INC.	35.15 USD	+0.43%	+3.41%	16.12B
SYNCHRONY FINANCIAL	44.67 USD	+0.02%	+7.46%	17.94B
CITY HOLDING COMPANY	104.1 USD	-1.05%	+1.07%	1.54B
PACIFIC PREMIER BANCORP, INC.	21.98 USD	-0.81%	-1.30%	2.12B
THE COCA-COLA COMPANY	61.74 USD	0.00%	+2.61%	266B
PJT PARTNERS INC.	94.09 USD	-1.27%	+2.54%	2.25B
MARINEMAX, INC.	25.37 USD	-0.90%	-9.49%	566M
COMMUNITY BANK SYSTEM, INC.	44.64 USD	-0.11%	+0.31%	2.36B
REPUBLIC SERVICES, INC.	191.9 USD	-0.85%	+1.14%	60.45B
CITIGROUP INC.	62.66 USD	+1.41%	+5.95%	120B
E.L.F. BEAUTY, INC.	179.6 USD	+2.05%	+14.61%	9.97B
ALCOA CORPORATION	36.88 USD	+2.62%	+3.80%	6.62B
ALTERYX, INC.	48.26 USD	+0.02%	+0.06%	3.49B
CORNING INCORPORATED	31.33 USD	-0.06%	+0.19%	26.8B
THE SIMPLY GOOD FOODS COMPANY	34.4 USD	-0.64%	+3.71%	3.44B
ARVINAS, INC.	32.37 USD	+2.44%	-6.77%	2.21B
DANAHER CORPORATION	246.6 USD	+0.32%	+4.70%	183B
SOUTHERN FIRST BANCSHARES, INC.	27.18 USD	-0.38%	-6.28%	222M
DOW INC.	57.29 USD	+1.51%	+1.11%	40.29B
PINTEREST, INC.	33.96 USD	+4.04%	+4.81%	23.18B
VERIZON COMMUNICATIONS	39.68 USD	+1.17%	-2.00%	167B
DOVER CORPORATION	180.2 USD	+0.59%	+6.08%	24.76B
WESTERN FOREST PRODUCTS INC.	0.55 CAD	0.00%	-1.79%	127M
TFI INTERNATIONAL INC.	187.9 CAD	-2.32%	-4.46%	11.6B
BANC OF CALIFORNIA, INC.	7.54 USD	-2.71%	-6.91%	2.41B
UTZ BRANDS, INC.	18.61 USD	-0.75%	+6.83%	1.51B
EOG RESOURCES, INC.	135.7 USD	+0.25%	+1.90%	78.06B
FMC CORPORATION	58.46 USD	+1.14%	+1.11%	7.3B
GENERATION BIO CO.	2.9 USD	-3.65%	+3.57%	193M
FRANKLIN ELECTRIC CO., INC.	102.8 USD	+0.22%	+1.31%	4.74B
UNITY SOFTWARE INC.	24.13 USD	+3.47%	+5.42%	9.43B
ASANA, INC.	15.08 USD	+3.15%	+10.96%	3.39B
GATX CORPORATION	127.5 USD	-0.38%	-1.90%	4.53B
SKILLZ INC.	6.1 USD	-2.09%	+0.83%	106M
GRAPHIC PACKAGING HOLDING COMPANY	27.53 USD	+0.84%	+0.66%	8.43B
TECK RESOURCES LIMITED	68.85 CAD	+1.77%	+6.23%	26.1B
NEWELL BRANDS INC.	7.79 USD	+12.25%	+13.23%	3.23B
HUNTINGTON BANCSHARES INCORPORATED	13.55 USD	-0.22%	+2.03%	19.64B
BANC OF CALIFORNIA, INC.	14.32 USD	+1.56%	+3.32%	2.41B
INDEPENDENT BANK CORP.	52.73 USD	+0.73%	+4.29%	2.24B
INDEPENDENT BANK CORPORATION	24.99 USD	-0.72%	+2.59%	522M
DIGITALOCEAN HOLDINGS, INC.	33.51 USD	+3.30%	+3.33%	3.06B
POLARIS HOLDINGS CO., LTD.	239 JPY	-0.42%	+2.14%	188M
KIMBERLY-CLARK CORPORATION	135.2 USD	-0.87%	+6.63%	45.54B
VIATRIS INC.	11.57 USD	+0.87%	+2.84%	13.74B
NUCOR CORPORATION	175.4 USD	-0.26%	-8.33%	42.1B
OLD NATIONAL BANCORP	16.57 USD	-0.54%	+2.35%	4.86B
PULTEGROUP, INC.	113.8 USD	+2.19%	+7.94%	23.94B
PIONEER NATURAL RESOURCES COMPANY	268.9 USD	-2.28%	-0.53%	62.81B
PIPER SANDLER COMPANIES	197.2 USD	+2.67%	+6.13%	3.51B
POLARIS INC.	83.81 USD	+0.64%	-4.10%	4.74B
EDISON INTERNATIONAL	70.14 USD	-1.39%	+0.30%	26.98B
THE SHERWIN-WILLIAMS COMPANY	306.4 USD	+0.54%	+0.16%	77.87B
SIMMONS FIRST NATIONAL CORPORATION	17.5 USD	-1.96%	-4.89%	2.19B
ARES CAPITAL CORPORATION	20.78 USD	+0.73%	+0.92%	12.61B
WASTE MANAGEMENT, INC.	210.1 USD	-1.22%	+1.46%	84.27B
UTAH MEDICAL PRODUCTS, INC.	65.92 USD	-0.56%	-3.88%	237M
WALGREENS BOOTS ALLIANCE, INC.	17.7 USD	+0.57%	-2.96%	15.27B
IONIS PHARMACEUTICALS, INC.	41.59 USD	-0.60%	+2.24%	6.07B
MUELLER INDUSTRIES, INC.	57.33 USD	-1.85%	+9.66%	6.51B
EVERCORE INC.	184.3 USD	+0.35%	-1.11%	7.13B
THE FIRST BANCSHARES, INC.	23.9 USD	-4.55%	-2.65%	754M
BLACKSTONE INC.	122.5 USD	-0.03%	+3.45%	88.47B
HCA HEALTHCARE, INC.	306.7 USD	-2.37%	+0.52%	81.12B
PEOPLES BANCORP INC.	29.76 USD	-1.46%	+4.46%	1.04B
EQUITY LIFESTYLE PROPERTIES, INC.	60.53 USD	-0.36%	-3.51%	11.29B
GENERAL MOTORS COMPANY	45.84 USD	+0.48%	+8.19%	52.28B
SANDY SPRING BANCORP, INC.	21.49 USD	+0.56%	+3.52%	966M
DIAMONDBACK ENERGY, INC.	207.8 USD	+0.32%	+3.50%	37.05B
BRIGHT HORIZONS FAMILY SOLUTIONS INC.	106.7 USD	+0.38%	+2.13%	6.19B
CAPITAL CITY BANK GROUP, INC.	27.02 USD	-0.81%	-0.26%	458M
MORGAN STANLEY	92.83 USD	+0.29%	+2.39%	151B
INDEPENDENT BANK GROUP, INC.	39.34 USD	+0.20%	-5.43%	1.63B
RINGCENTRAL, INC.	30.64 USD	+2.10%	+4.36%	2.83B
TRANSUNION	74.49 USD	+0.27%	+11.68%	14.47B
HERC HOLDINGS INC.	152.3 USD	-1.07%	+1.45%	4.32B
AUSTRALIAN DOLLAR / US DOLLAR	0.6532 USD	0.00%	+1.81%	-
INDIAN RUPEE / US DOLLAR	0.012 USD	0.00%	0.00%	-
CANADIAN DOLLAR / US DOLLAR	0.731 USD	0.00%	+0.56%	-
NEW ZEALAND DOLLAR / US DOLLAR	0.5938 USD	0.00%	+0.88%	-
EURO / US DOLLAR	1.069 USD	-0.32%	+0.46%	-
BRITISH POUND / US DOLLAR	1.249 USD	-0.12%	+0.47%	-

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