Canadian Jobs Numbers Due Next Friday

Canadian Jobs Numbers Due Next Friday



Economic Lookahead

Factory orders (April)

ISM Services (May)

Featured Earnings

Science Applications International Corp. (NYSE: SAIC) (Q1) EPS projects for $1.71, compared to $1.88 in the prior-year quarter.

HealthEquity, Inc. (NASDAQ: HQY) (Q2) EPS projects for 23 cents, compared to 15 cents in the prior-year quarter.

JOANN Inc. (NASDAQ: JOAN) (Q1) EPS projects for loss of 65 cents, compared to loss of 24 cents in the prior-year quarter.


Featured Earnings

Scryb Inc. (CSE: SCYB) (Q2) EPS projects for loss of two cents, compared to loss of three cents in the prior-year quarter.



Featured Earnings

Ferguson plc (NYSE: FERG) (Q3) Reported EPS for gain of $2.18, compared to $2.50 to the prior-year quarter.

The J.M. Smucker Co. (NYSE: SJM) (Q4) Reported EPS for $2.42, compared to $2.23 in the prior-year quarter.

Casey’s General Stores, Inc. (NASDAQ CASY) (Q4) Reported EPS … Read more

The Road to Recovery: New Poll Shows One in Five SMEs Welcoming Back Clients and Contributing to Economic Stability

For the second year running, the top business opportunity for SMEs is the return of clients as the economy stabilises, according to a new report.

One in five SME owners see this as a key opportunity for growth in 2023 – while 20% are looking to introduce new products or services, and 19% expect to acquire new domestic clients.

Increasing revenues through new sales channels, and sticking to new working patterns such as remote or hybrid working, complete the top five business opportunities for 2023, according to the poll of 500 SME owners.

And while a fifth of small business owners in 2022 saw the closure of competitors as something to capitalise on, this has now slid down the list, with just 12% saying the same this year.

Other priorities from 2022 that are less important now include implementing new technology to improve business efficiency.

Responding to the findings, Steven … Read more

S&P, NASDAQ at 10-month Highs

Stocks advanced on Thursday after the U.S. House passed a debt ceiling bill in a crucial step to avoid a U.S. default, with the measure now moving it to the Senate.

The Dow Jones Industrials grabbed 154.09 points to conclude Thursday at 33,062.36, despite a nearly 4.7% tumble in Salesforce following its earnings report, which put a clamp on gains.

The much-broader S&P 500 took on 41.19 points, or 1%, to 4,221.02, while the tech-heavy NASDAQ index leaped 165.7 points, or 1.3%, to 13,100.98. Both the S&P 500 and NASDAQ closed at their highest levels since August 2022.

Beyond the debt ceiling battle, investors are looking ahead to the Federal Reserve’s June 13-14 policy meeting as another possible market catalyst. Philadelphia Fed President Patrick Harker said Wednesday that he’s leaning toward skipping a rate hike at the upcoming gathering.

But Friday’s payrolls report could change his mind, he said.

Data … Read more