Milton strengthened to a Category 5 storm overnight, with wind speeds of up to 160 miles an hour. As of 5 a.m. ET, the storm was about 300 miles southwest of Tampa, Fla., according to the National Hurricane Center. It is expected to hit the west coast of Florida late Wednesday or early Thursday, battering it with hurricane-force winds, life-threatening storm surge and heavy rain.
Write to clare.kinloch@wsj.com
TODAY IN CANADA
Earnings:
Economic Indicators $(ET)$:
Nothing major sheduled.
Stocks to Watch:
A&W Revenue Royalties Income Fund Obtains Unitholder Approval for Combination Transaction With A&W Food Services; Combined Entity to be Called A&W Food Services NewCo; Expected to be Completed In October, Subject to Regulatory Approval
Fission Uranium. Paladin: Canadian Court Approves Acquisition of Fission Uranium; Still Requires Clearance Under Investment Canada Act; Acquisition Is Under National Security Review and There is No Certainty Paladin Will Be Able to Obtain Investment Canada Act Clearance for Fission Uranium Deal
Expected Major Events for Wednesday
06:00/GER: Aug Foreign Trade
06:00/JPN: Sep Preliminary Machine Tool Orders
11:00/US: 10/04 MBA Weekly Mortgage Applications Survey
14:00/US: Aug Monthly Wholesale Trade
14:00/US: Sep Online Help Wanted Index
14:30/US: 10/04 EIA Weekly Petroleum Status Report
23:01/UK: Sep RICS Residential Market Survey
23:50/JPN: Sep Bank Lending
23:50/JPN: Sep Corporate Goods Price Index
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Wednesday
AZZ Inc $(AZZ.SI)$ is expected to report $1.12 for 2Q.
Applied Digital Corp $(APLD)$ is expected to report $-0.34 for 1Q.
Bassett Furniture Industries Inc $(BSET)$ is expected to report $-0.38 for 3Q.
Costco Wholesale Corp $(COST)$ is expected to report.
Cryo-Cell International Inc $(CCEL)$ is expected to report $0.02 for 3Q.
E2open Parent Holdings Inc $(ETWO)$ is expected to report $-0.08 for 2Q.
Firan Technology Group Corp (FTG.T) is expected to report for 3Q.
MTY Food Group Inc (MTY.T) is expected to report $0.96 for 3Q.
National American University Holdings Inc (NAUH) is expected to report for 1Q.
Nurix Therapeutics Inc (NRIX) is expected to report $-0.73 for 3Q.
Richardson Electronics Ltd $(RELL)$ is expected to report $0.01 for 1Q.
Trilogy Metals Inc (TMQ,TMQ.T) is expected to report for 3Q.
Video Display Corp (VIDE) is expected to report for 2Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
Affirm Holdings Raised to Buy From Neutral by BTIG
Cassava Sciences Raised to Buy From Neutral by HC Wainwright & Co.
CME Group Cut to Neutral From Buy by Redburn Atlantic
Constellation Brands Cut to Hold From Buy by TD Cowen
Frontier Comms Parent Cut to Hold From Buy by TD Cowen
Humana Raised to Outperform From Market Perform by Bernstein
McDonald's Raised to Buy From Hold by Argus Research
OneMain Holdings Cut to Equal-Weight From Overweight by Barclays
Otis Worldwide Cut to Peer Perform From Outperform by Wolfe Research
Qualcomm Cut to Sector Weight From Overweight by Keybanc
Sun Country Airlines Raised to Outperform From Peer Perform by Wolfe Research
Synaptics Cut to Sector Weight From Overweight by Keybanc
UFP Industries Raised to Outperform From Neutral by Wedbush
UWM Holdings Raised to Equal-Weight From Underweight by Barclays
Waters Corp Raised to Buy From Hold by Jefferies
Wells Fargo Raised to Outperform From Peer Perform by Wolfe Research
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
October 09, 2024 06:16 ET (10:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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