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OFFON
News: Latest News
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North American Morning Briefing: Tech Gains -3-

08/24/2021 | 05:57am EDT

Maverix Metals offers a precious metals-focused portfolio with "a mix of over 100 producing, development and exploration assets," that offer "diverse revenue sources and organic growth opportunities," said CIBC. The bank also emphasized that the assets are in stable jurisdictions.

CIBC has forecast annual free cash flow to grow by 62% to C$54 million in 2025, "before additional acquisitions." Further, development and exploration stage assets offer significant long-term growth potential, it said. CIBC raised its target price to C$9 from C$8.50.

Expected Major Events for Tuesday

05:00/JPN: Jul Supermarket sales

06:00/GER: 2Q GDP - Detailed breakdown

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

10:00/UK: Aug CBI Distributive Trades Survey

10:00/FRA: 2Q OECD trade statistics release

11:45/US: Weekly Chain Store Sales Index

12:30/CAN: 2Q Quarterly financial statistics for enterprises

12:55/US: 08/21 Johnson Redbook Retail Sales Index

14:00/US: Jul New Residential Sales

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

17:00/US: Jul Money Stock Measures

20:30/US: 08/20 API Weekly Statistical Bulletin

23:01/UK: Aug REC JobsOutlook survey

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

Expected Earnings for Tuesday

Advance Auto Parts Inc (AAP) is expected to report $3.19 for 2Q.

Bank of Montreal (BMO,BMO.T) is expected to report $2.82 for 3Q.

Bank of Nova Scotia (BNS,BNS.T) is expected to report $1.87 for 3Q.

Best Buy Co Inc (BBY) is expected to report $1.84 for 2Q.

Citi Trends Inc (CTRN) is expected to report $0.43 for 2Q.

Concentrix Corp (CNXC) is expected to report for 3Q.

Electromed (ELMD) is expected to report $0.05 for 4Q.

FTI Consulting (FCN) is expected to report $1.49 for 4Q.

Flanigan's Enterprises Inc (BDL) is expected to report for 3Q.

Heico Corp - A Share (HEI,HEIA) is expected to report $0.55 for 3Q.

Intuit Inc (INTU) is expected to report $0.83 for 4Q.

Medtronic plc (MDT) is expected to report $1.02 for 1Q.

Nordstrom Inc (JWN) is expected to report $0.28 for 2Q.

Prospect Capital Corp (PSEC) is expected to report $0.08 for 4Q.

Puretech Health PLC (PRTC.LN) is expected to report for Interim.

ScanSource (SCSC) is expected to report $0.43 for 4Q.

Tofutti Brands (TOFB) is expected to report for 2Q.

Toll Brothers (TOL) is expected to report $1.48 for 3Q.

Urban Outfitters (URBN) is expected to report $0.79 for 2Q.

bebe stores (BEBE) is expected to report for 4Q.

iMedia Brands Inc (IMBI) is expected to report for 2Q.

Powered by Kantar Media and Dow Jones.

ANALYST RATINGS ACTIONS

ACV Auctions Raised to Buy From Neutral by Citigroup

Chesapeake Energy Cut to Equal-Weight From Overweight by Wells Fargo

ContinentalRes Oklahoma Raised to Overweight From Equal-Weight by Wells Fargo

Dycom Raised to Overweight From Equal-Weight by Wells Fargo

Earthstone Energy Cut to Underweight From Equal-Weight by Wells Fargo

EOG Resources Raised to Overweight From Equal-Weight by Wells Fargo

Facebook Cut to Neutral From Buy by Arete Research

Oasis Petroleum Raised to Equal-Weight From Underweight by Wells Fargo

Plexus Raised to Overweight From Equal-Weight by Fox Advisors

Snap Raised to Buy From Neutral by Arete Research

Vine Energy Cut to Equal-Weight From Overweight by Morgan Stanley

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

(END) Dow Jones Newswires

08-24-21 0556ET

Stocks mentioned in the article
ChangeLast1st jan.
ADVANCE AUTO PARTS, INC. 3.29% 222.52 Delayed Quote.36.77%
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) -0.17% 0.68448 Delayed Quote.0.66%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.17% 0.7412 Delayed Quote.-3.64%
BEST BUY CO., INC. 1.73% 115.61 Delayed Quote.13.88%
BRITISH POUND / SWISS FRANC (GBP/CHF) -0.18% 1.26747 Delayed Quote.4.94%
BRITISH POUND / US DOLLAR (GBP/USD) -0.26% 1.37253 Delayed Quote.0.55%
CANADIAN DOLLAR / SWISS FRANC (CAD/CHF) 0.00% 0.7464 Delayed Quote.7.31%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.01% 0.8075 Delayed Quote.2.90%
CHINESE YUAN RENMINBI / SWISS FRANC (CNY/CHF) 0.10% 0.14361 Delayed Quote.5.73%
CITI TRENDS, INC. 8.06% 75.47 Delayed Quote.40.58%
CITIGROUP INC. -0.94% 71.61 Delayed Quote.17.24%
CONCENTRIX CORPORATION 0.71% 183.69 Delayed Quote.84.80%
DANISH KRONE / SWISS FRANC (DKK/CHF) 0.45% 14.41 Delayed Quote.-0.56%
DJ INDUSTRIAL -0.10% 35258.61 Delayed Quote.15.32%
ELECTROMED, INC. -1.82% 10.79 Delayed Quote.12.03%
EOG RESOURCES, INC. -0.35% 89.31 Delayed Quote.79.71%
EURO / SWISS FRANC (EUR/CHF) 0.14% 1.07216 Delayed Quote.-1.00%
EURO / US DOLLAR (EUR/USD) 0.10% 1.161 Delayed Quote.-5.03%
FACEBOOK INC 3.26% 335.34 Delayed Quote.18.89%
FTI CONSULTING, INC. 0.93% 145.01 Delayed Quote.28.60%
HEICO CORPORATION 0.94% 141.33 Delayed Quote.5.76%
HONGKONG-DOLLAR / SWISS FRANC (HKD/CHF) 0.03% 11.874 Delayed Quote.3.93%
IMEDIA BRANDS, INC. 2.54% 6.05 Delayed Quote.23.43%
INDIAN RUPEE / SWISS FRANC (INR/CHF) -0.19% 0.012283 Delayed Quote.1.48%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.26% 0.013297 Delayed Quote.-2.64%
INTUIT INC. 2.25% 564.56 Delayed Quote.45.36%
JAPANESE YEN / SWISS FRANC (JPY/CHF) 0.15% 0.8079 Delayed Quote.-5.39%
MAVERIX METALS INC. -3.90% 5.92 Delayed Quote.-12.13%
MEDTRONIC PLC -5.50% 120.72 Delayed Quote.9.06%
MORGAN STANLEY -0.71% 101.41 Delayed Quote.49.04%
NEW ZEALAND DOLLAR / SWISS FRANC (NZD/CHF) -0.06% 0.6542 Delayed Quote.2.71%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.04% 0.70798 Delayed Quote.-1.49%
NORDSTROM, INC. 5.48% 29.62 Delayed Quote.-10.03%
PLEXUS CORP. -1.27% 92.28 Delayed Quote.19.51%
PLEXUS HOLDINGS PLC -0.44% 11.2 Delayed Quote.-38.36%
RUSSIAN ROUBLE / SWISS FRANC (RUB/CHF) -0.50% 0.012945 Delayed Quote.8.40%
S&P 500 0.34% 4486.46 Delayed Quote.19.04%
S&P GSCI PRECIOUS METALS INDEX -0.17% 2316.762 Delayed Quote.-7.21%
SCANSOURCE, INC. -0.97% 36.71 Delayed Quote.40.52%
SINGAPORE-DOLLAR / SWISS FRANC (SGD/CHF) -0.03% 0.6843 Delayed Quote.2.38%
SWEDISH KRONA / SWISS FRANC (SEK/CHF) -0.49% 0.106714 Delayed Quote.-0.42%
TOLL BROTHERS, INC. 2.18% 59.87 Delayed Quote.34.78%
US DOLLAR / SWISS FRANC (USD/CHF) 0.06% 0.9238 Delayed Quote.4.22%
WELLS FARGO & COMPANY 2.17% 49.43 Delayed Quote.60.30%
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