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North American Morning Briefing: Stocks Seen -3-

01/24/2022 | 05:53am EDT

2022 is set to be another challenging year for gold miner Centamin from a cash-flow perspective, but over the next 12 months, production and costs should start to move in the right direction, Tyler Broda from RBC Capital Markets said.

There are a lot of catalysts this year, including updates on exploration, a pre-feasibility study for the Doropo project in Ivory Coast and a potential change in the company's capital structure, Broda noted.

Centamin shares continue to be attractive, considering the upside potential of its flagship Sukari gold mine in Egypt, and the unpriced optionality associated with its other exploration projects, Broda said, reaffirming an outperform rating on the stock.


Expected Major Events for Monday

00:30/JPN: Jan Japan Flash Manufacturing PMI

08:15/FRA: Jan France Flash PMI

08:30/GER: Jan Germany Flash PMI

09:30/UK: Jan Flash UK PMI

13:30/US: Dec CFNAI Chicago Fed National Activity Index

14:45/US: Jan US Flash Manufacturing PMI

14:45/US: Jan US Flash Services PMI

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


Expected Earnings for Monday

Advaxis Inc (ADXS) is expected to report for 4Q.

AltiGen Communications (ATGN) is expected to report for 1Q.

Atlantic Capital Bancshares Inc (ACBI) is expected to report $0.52 for 4Q.

BancorpSouth Bank is expected to report $-0.52 for 4Q.

Bank Of Marin Bancorp (BMRC) is expected to report $0.60 for 4Q.

Bank of Hawaii Corp (BOH) is expected to report $1.35 for 4Q.

Brown & Brown (BRO) is expected to report $0.39 for 4Q.

Business First Bancshares Inc (BFST) is expected to report for 4Q.

California First Leasing Corp (CFNB) is expected to report for 2Q.

City Holding Co (CHCO) is expected to report $1.33 for 4Q.

Community Bank System (CBU) is expected to report $0.82 for 4Q.

Crane Co (CR) is expected to report $1.18 for 4Q.

Enterprise Financial Services Corp (EFSC) is expected to report $1.18 for 4Q.

Equity Lifestyle Properties Inc (ELS) is expected to report for 4Q.

Esquire Financial Holdings Inc (ESQ) is expected to report $0.65 for 4Q.

First Capital Inc (FCAP) is expected to report for 4Q.

Flexsteel (FLXS) is expected to report for 2Q.

German American Bancorp (GABC) is expected to report $0.73 for 4Q.

Great Southern Bancorp (GSBC) is expected to report $1.27 for 4Q.

Halliburton Co (HAL) is expected to report $0.35 for 4Q.

HomeStreet Inc (HMST) is expected to report $1.31 for 4Q.

Hope Bancorp Inc (HOPE) is expected to report $0.41 for 4Q.

IBM (IBM) is expected to report $3.08 for 4Q.

Inter Parfums Inc (IPAR) is expected to report for 4Q.

Investar Holding Corp (ISTR) is expected to report $0.54 for 4Q.

Magyar Bancorp (MGYR) is expected to report for 1Q.

Northwest Bancshares Inc (NWBI) is expected to report $0.22 for 4Q.

Park National (PRK) is expected to report $2.14 for 4Q.

Peoples Bancorp of NC (PEBK) is expected to report for 4Q.

PetMed Express (PETS) is expected to report $0.31 for 3Q.

RBB Bancorp (RBB) is expected to report $0.73 for 4Q.

ServisFirst Bancshares Inc (SFBS) is expected to report $0.98 for 4Q.

Sierra Bancorp (BSRR) is expected to report $0.66 for 4Q.

SmartFinancial Inc (SMBK) is expected to report $0.48 for 4Q.

Southern Missouri Bancorp Inc (SMBC) is expected to report $1.21 for 2Q.

Steel Dynamics (STLD) is expected to report $5.78 for 4Q.

Timberland Bancorp Inc (TSBK) is expected to report for 1Q.

Trustco Bank Corp (TRST) is expected to report for 4Q.

WSFS Financial (WSFS) is expected to report $-0.08 for 4Q.

Zions Bancorp (ZION) is expected to report $1.31 for 4Q.

Powered by Kantar Media and Dow Jones.


ANALYST RATINGS ACTIONS

Activision Blizzard Cut to Market Perform From Outperform by Raymond James

Acumen Pharmaceuticals Raised to Buy From Neutral by B of A Securities

Antero Resources Raised to Buy From Neutral by Goldman Sachs

Beyond Meat Cut to Hold From Reduce by HSBC

Boise Cascade Raised to Neutral From Sell by Goldman Sachs

Callon Petroleum Cut to Underweight From Neutral by JP Morgan

Centennial Resource Devt Raised to Neutral From Underweight by JP Morgan

Cloudflare Raised to Outperform From Neutral by Credit Suisse

Cognizant Tech Solutions Raised to Neutral From Sell by UBS

Commercial Metals Raised to Outperform From Neutral by Exane BNP Paribas

Coty Raised to Buy From Neutral by DA Davidson

Devon Energy Cut to Neutral From Buy by Goldman Sachs

Ecolab Cut to Sector Perform From Outperform by RBC Capital

Eli Lilly Raised to Buy From Hold by DZ Bank

HB Fuller Cut to Neutral From Overweight by JP Morgan

Herc Holdings Raised to Buy From Neutral by Northcoast Research

Inovio Pharma Raised to Neutral From Underperform by B of A Securities

Intuitive Surgical Raised to Buy From Neutral by Citigroup

KB Home Raised to Buy From Neutral by Seaport Global

Louisiana-Pacific Raised to Neutral From Sell by Goldman Sachs

Mayville Engineering Cut to Neutral From Outperform by Baird

Moderna Raised to Neutral From Underperform by B of A Securities

Netflix Cut to Equal-Weight From Overweight by Barclays

Netflix Cut to Equal-Weight From Overweight by Morgan Stanley

Netflix Cut to Hold From Buy by Truist Securities

Netflix Cut to In-Line From Outperform by Evercore ISI Group

Netflix Cut to Neutral From Buy by Monness, Crespi, Hardt

Netflix Cut to Neutral From Outperform by Baird

Netflix Cut to Neutral From Outperform by Credit Suisse

Netflix Cut to Sector Weight From Overweight by Keybanc

Netflix Cut to Underperform From Neutral by Macquarie

Peloton Interactive Raised to Buy From Hold by Stifel

Spire Inc Cut to Neutral From Buy by Guggenheim

SVB Financial Cut to Neutral From Buy by Janney Montgomery Scott

Travelers Cut to Equal-Weight From Overweight by Barclays

Webster Raised to Strong Buy From Outperform by Raymond James

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


(END) Dow Jones Newswires

01-24-22 0553ET

Stocks mentioned in the article
ChangeLast1st jan.
ACTIVISION BLIZZARD, INC. 0.88% 77.71 Delayed Quote.16.80%
ADVAXIS, INC. 1.72% 0.065 Delayed Quote.-58.93%
ANTERO RESOURCES CORPORATION 4.09% 41.69 Delayed Quote.138.23%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.01% 0.70891 Delayed Quote.-2.18%
BANCORPSOUTH 0.66% 25.81 End-of-day quote.-13.36%
BANK OF HAWAII CORPORATION 0.10% 77.64 Delayed Quote.-7.31%
BANK OF MARIN BANCORP -0.09% 32.51 Delayed Quote.-12.68%
BARCLAYS PLC 0.35% 164.38 Delayed Quote.-12.36%
BEYOND MEAT, INC. 13.25% 25.98 Delayed Quote.-60.13%
BNP PARIBAS -0.12% 51.86 Real-time Quote.-14.65%
BOISE CASCADE COMPANY 4.84% 77.58 Delayed Quote.8.96%
BRITISH POUND / US DOLLAR (GBP/USD) 0.03% 1.2592 Delayed Quote.-7.30%
BUSINESS FIRST BANCSHARES, INC. -0.37% 21.56 Delayed Quote.-23.84%
CALLON PETROLEUM COMPANY 4.04% 51.55 Delayed Quote.9.10%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.02% 0.77998 Delayed Quote.-1.41%
CENTAMIN PLC -2.75% 83.5 Delayed Quote.-3.38%
CITIGROUP INC. 0.04% 52.7 Delayed Quote.-12.73%
CITY HOLDING COMPANY -0.38% 80.59 Delayed Quote.-1.47%
CLOUDFLARE, INC. 2.89% 51.96 Delayed Quote.-60.49%
COMMUNITY BANK SYSTEM, INC. 0.26% 64.62 Delayed Quote.-13.24%
CRANE CO. 0.57% 90.68 Delayed Quote.-11.36%
CRANE HOLDINGS CO. -0.66% 90.17 End-of-day quote.-11.36%
CREDIT SUISSE GROUP AG 0.21% 6.75 Delayed Quote.-23.92%
DEVON ENERGY CORPORATION 2.20% 71.94 Delayed Quote.63.31%
ECOLAB INC. -0.37% 157.82 Delayed Quote.-32.73%
EQUITY LIFESTYLE PROPERTIES, INC. 2.62% 75.12 Delayed Quote.-14.31%
ESQUIRE FINANCIAL HOLDINGS, INC. 0.11% 36.35 Delayed Quote.15.40%
EURO / US DOLLAR (EUR/USD) -0.01% 1.06853 Delayed Quote.-5.60%
EVERCORE INC. 1.86% 109.65 Delayed Quote.-19.29%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.02% 154.625 End-of-day quote.-7.42%
FIRST CAPITAL, INC. 4.32% 34.5 Delayed Quote.0.00%
GERMAN AMERICAN BANCORP, INC. 0.65% 36.99 Delayed Quote.-5.11%
GREAT SOUTHERN BANCORP, INC. 0.38% 58.06 Delayed Quote.-2.01%
HERC HOLDINGS INC. 4.35% 109.87 Delayed Quote.-29.82%
HOMESTREET, INC. -0.28% 39.82 Delayed Quote.-23.42%
HOPE BANCORP, INC. 0.78% 14.17 Delayed Quote.-3.67%
HSBC HOLDINGS PLC -0.71% 517.9 Delayed Quote.16.19%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.12% 0.012885 Delayed Quote.-3.88%
INTER PARFUMS, INC. 0.62% 69.73 Delayed Quote.-34.77%
INTUITIVE SURGICAL, INC. 1.92% 222.58 Delayed Quote.-38.05%
INVESTAR HOLDING CORPORATION 1.91% 20.63 Delayed Quote.12.06%
KB HOME 5.10% 32.97 Delayed Quote.-26.29%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.13% 132.125 End-of-day quote.-5.30%
MACQUARIE GROUP LIMITED -0.26% 177.81 Delayed Quote.-13.21%
MAYVILLE ENGINEERING COMPANY, INC. 1.44% 8.44 Delayed Quote.-43.39%
MODERNA, INC. -0.92% 130.85 Delayed Quote.-48.48%
MORGAN STANLEY 0.33% 82.23 Delayed Quote.-16.23%
NETFLIX, INC. 4.15% 187.83 Delayed Quote.-68.82%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.08% 0.64745 Delayed Quote.-5.70%
NORTHWEST BANCSHARES, INC. 0.24% 12.67 Delayed Quote.-10.52%
PARK NATIONAL CORPORATION 0.51% 119.44 Delayed Quote.-13.01%
PELOTON INTERACTIVE, INC. 4.23% 13.05 Delayed Quote.-63.51%
PEOPLES BANCORP INC. 0.14% 27.64 Delayed Quote.-13.11%
PETMED EXPRESS, INC. 4.00% 21.6 Delayed Quote.-14.49%
RAYMOND JAMES FINANCIAL, INC. -0.02% 93.1 Delayed Quote.-7.27%
RBB BANCORP -1.00% 20.77 Delayed Quote.-20.73%
S&P 500 0.95% 3978.73 Real-time Quote.-17.30%
SERVISFIRST BANCSHARES, INC. 0.82% 79.58 Delayed Quote.-6.31%
SIERRA BANCORP 0.09% 21.27 Delayed Quote.-21.73%
SMARTFINANCIAL, INC. 0.36% 25 Delayed Quote.-8.63%
SOUTHERN MISSOURI BANCORP, INC. 0.77% 45.68 Delayed Quote.-13.11%
SPIRE INC. 0.32% 78.18 Delayed Quote.19.87%
STEEL DYNAMICS, INC. 3.25% 80.64 Delayed Quote.29.92%
SVB FINANCIAL GROUP 5.78% 452.72 Delayed Quote.-33.25%
THE FIRST BANCSHARES, INC. -0.61% 29.49 Delayed Quote.-23.64%
TIMBERLAND BANCORP, INC. 1.90% 25.75 Delayed Quote.-8.77%
WSFS FINANCIAL CORPORATION 1.51% 41.12 Delayed Quote.-17.96%
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