North American Morning Briefing: Nasdaq Futures Lead Gains as Broadcom Rallies

Dow Jones12-13

Despite being invited, Xi Jinping isn't planning to attend Donald Trump's inauguration next month, but he might send a senior official to represent him, according to people close to Beijing's thinking.

It would be unusual for a leader of a foreign country to be present as a U.S. president gets sworn in-much less one of an American adversary. Ambassadors and other lower-level foreign dignitaries are sometimes invited. In addition to inviting Xi, Trump's advisers have said they are considering inviting other world leaders to the inauguration. The president has often broken with precedent, arguing that voters have empowered him to rethink the way Washington works.

Write to paul.larkins@dowjones.com TODAY IN CANADA

Earnings:

Canadian Western Bank 4Q

Economic Calendar [ET]:

0830 Oct Monthly Survey of Manufacturing

0830 Oct Wholesale Inventories, Trade

0830 3Q Utilization Rates

0830 Oct New Motor Vehicle Sales

Stocks to Watch

Electrovaya 4Q Rev $11.6M; 4Q Loss $114M

Wall Financial 3Q EPS C$0.30

Expected Major Events for Friday

00:01/UK: Dec UK Consumer Confidence Survey

04:30/JPN: Oct Revised Industrial Production

07:00/GER: Oct Foreign Trade

07:00/GER: Nov WPI

07:00/UK: Oct Index of production

07:00/UK: Oct UK trade

07:00/UK: Oct Index of services

07:00/UK: Oct Monthly GDP estimates

07:45/FRA: Nov CPI

09:30/UK: Nov Bank of England/Ipsos Inflation Attitudes Survey

09:30/UK: Nov NIESR Monthly GDP Tracker

13:30/CAN: 3Q Industrial capacity utilization rates

13:30/CAN: Oct New motor vehicle sales

13:30/US: Nov Import & Export Price Indexes

13:30/CAN: Oct Monthly Survey of Manufacturing

13:30/CAN: Oct Wholesale trade

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

Expected Earnings for Friday

Amrep Corp $(AXR)$ is expected to report for 2Q.

BMTC Group Inc (GBT.T) is expected to report for 3Q.

Canadian Western Bank (CWB.T) is expected to report $0.85 for 4Q.

Charles Schwab Corp $(SCHW)$ is expected to report.

Chicken Soup for the Soul Entertainment Inc $(CSSEQ)$ is expected to report $0.02 for 2Q.

Conn's Inc $(CONNQ)$ is expected to report $0.37 for 3Q.

EBET Inc $(EBET)$ is expected to report for 3Q.

Ferrellgas Partners LP (FGPR) is expected to report for 1Q.

Molecular Templates Inc $(MTEM)$ is expected to report $-0.27 for 3Q.

NexImmune Inc (NEXI) is expected to report for 3Q.

North European Oil Royalty Trust $(NRT)$ is expected to report for 4Q.

Perma-Pipe International Holdings Inc $(PPIH)$ is expected to report for 3Q.

Progressive Corp $(PGR)$ is expected to report.

SIFCO Industries $(SIF)$ is expected to report for 4Q.

Scully Royalty Ltd $(SRL.AU)$ is expected to report for Interim.

SigmaTron International Inc $(SGMA)$ is expected to report for 2Q.

ANALYST RATINGS ACTIONS

Acadia Healthcare Raised to Buy From Hold by Deutsche Bank

Alliant Energy Cut to Sector Perform From Sector Outperform by Scotiabank

Altus Power Cut to Underweight From Neutral by JP Morgan

American Electric Power Cut to Neutral From Overweight by JP Morgan

American Electric Power Cut to Sector Perform From Sector Outperform by Scotiabank

Ares Management Raised to Overweight From Equal-Weight by Wells Fargo

Blackstone Cut to Equal-Weight From Overweight by Wells Fargo

Blue Owl Capital Cut to Underperform From Market Perform by Keefe, Bruyette & Woods

Brinker International Raised to Equal-Weight From Underweight by Wells Fargo

CACI International Cut to Sell From Neutral by Goldman Sachs

Carisma Therapeutics Cut to Neutral From Outperform by Baird

CenterPoint Energy Raised to Sector Outperform From Sector Perform by Scotiabank

Charter Communications Raised to Overweight From Sector Weight by Keybanc

Coca-Cola Raised to Buy From Hold by Deutsche Bank

Commercial Metals Cut to Sell From Buy by UBS

Consolidated Edison Raised to Sector Perform From Sector Underperform by Scotiabank

Constellation Energy Raised to Buy From Neutral by B of A Securities

Editas Medicine Cut to Hold From Buy by Stifel

Equifax Cut to Peer Perform From Outperform by Wolfe Research

Equifax Raised to Overweight From Equal-Weight by Morgan Stanley

Eversource Energy Cut to Sector Underperform From Sector Perform by Scotiabank

FirstEnergy Raised to Sector Outperform From Sector Perform by Scotiabank

Flowserve Raised to Neutral From Sell by Goldman Sachs

General Dynamics Cut to Hold From Buy by Jefferies

General Dynamics Cut to Sell From Neutral by Goldman Sachs

Hercules Capital Raised to Outperform From Market Perform by Keefe, Bruyette & Woods

Hershey Cut to Underweight From Equal-Weight by Wells Fargo

Kenvue Cut to Hold From Buy by Deutsche Bank

Keros Therapeutics Cut to Hold From Buy by TD Cowen

Keros Therapeutics Cut to Market Perform From Outperform by William Blair

Keros Therapeutics Cut to Neutral From Buy by BTIG

Keurig Dr Pepper Raised to Buy From Hold by Deutsche Bank

Leidos Holdings Cut to Neutral From Buy by Goldman Sachs

Marsh & McLennan Raised to Outperform From Sector Perform by RBC Capital

Middleby Cut to Hold From Buy by Jefferies

Mondelez Cut to Hold From Buy by Deutsche Bank

MSCI Inc Raised to Outperform From Peer Perform by Wolfe Research

NJ Resources Raised to Overweight From Neutral by JP Morgan

Nucor Cut to Neutral From Buy by UBS

Otis Worldwide Cut to Underperform From Peer Perform by Wolfe Research

Parker-Hannifin Raised to Outperform From Peer Perform by Wolfe Research

Parsons Raised to Buy From Neutral by Goldman Sachs

Paycor HCM Raised to Outperform From Market Perform by BMO Capital

PayPal Holdings Raised to Outperform From Peer Perform by Wolfe Research

PepsiCo Raised to Buy From Hold by Deutsche Bank

Q32 Bio Cut to Neutral From Buy by Guggenheim

Raymond James Cut to Equal-Weight From Overweight by Wells Fargo

RingCentral Cut to Neutral From Outperform by Mizuho

Rockwell Automation Raised to Buy From Hold by Jefferies

Steel Dynamics Cut to Neutral From Buy by UBS

T-Mobile US Cut to Sector Weight From Overweight by Keybanc

TPI Composites Cut to Neutral From Overweight by JP Morgan

Vontier Raised to Outperform From Peer Perform by Wolfe Research

WEC Energy Group Raised to Neutral From Underperform by B of A Securities

West Pharma Raised to Buy From Neutral by UBS

Xcel Energy Raised to Overweight From Neutral by JP Morgan

Xylem Cut to Peer Perform From Outperform by Wolfe Research

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

(END) Dow Jones Newswires

December 13, 2024 05:50 ET (10:50 GMT)

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North American Morning Briefing: Nasdaq Futures Lead Gains as Broadcom Rallies

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