North American Morning Briefing: Stock Futures Fall as Rally Stalls Amid Jitters -2-

The U.S. ouster of Venezuelan dictator Nicolás Maduro has jolted this country of fewer than 10 million people, which has long relied on Venezuela for oil imports that have barely kept its tiny economy from collapsing.

Write to clare.kinloch@wsj.com

TODAY IN CANADA

Earnings:

Aritzia Inc.

Tilray Brands

Economic Indicators:

0830 Oct International merchandise trade

Stocks to Watch:

Caldwell Partners International 1Q EPS C$0.02;1Q Rev C$29.3M; Changes Auditor to Ernst & Young From KPMG

Dream Impact Trust: Karine MacIndoe Retires From Board; Board of Approves Five-Yr Strategic Plan Which Focuses on Developing 49 Ontario and Quayside, in Addition to Continuing to Develop Zibi and Brightwater; Plan Includes 'Crystalizing Value' on Almost All of the Trust's Commercial Assets and Passive Investments; Expects More Constructive Rental Rate Environment During Development Period of New Buildings With This Condo Cycle Coming to an End and a Return to Historic Immigration Growth

Future Mineral Resources Announces C$4.5M Financing; To Sell Up to 15M Units for C$0.30 Each

Prairie Provident Resources Successfully Drilled and Completed One Ellerslie Multi-Leg Open Hole Horizontal Well, 102/03-24-018-11W4M, in Its Princess Core Area

TD Bank Group Announces Intention to Purchase for Cancellation Up to 61M of Its Common Shrs; Announces Intention to Purchase for Cancellation Up to 61M of Its Common Shrs; Normal Course Issuer Bid Represents Up to 3.63% of Shares Issued and Outstanding at Dec. 31

Expected Major Events for Thursday

00:01/UK: CBI Financial Services Survey

02:00/JPN: Dec Imported Vehicle Sales

05:00/JPN: Dec Consumer Confidence Survey

07:00/UK: Dec Halifax House Price Index

07:00/UK: 4Q Halifax House Price Index: UK Regional Breakdown quarterly release

07:00/GER: Nov Manufacturing orders

07:00/GER: Nov Manufacturing turnover

07:45/FRA: Nov Balance of payments

09:00/ITA: Nov Unemployment

09:30/UK: Dec Narrow money (Notes & Coin) and reserve balances

13:30/US: 3Q Preliminary Productivity and Costs

13:30/CAN: Oct International merchandise trade

13:30/US: Oct U.S. International Trade in Goods & Services

13:30/US: 01/03 Unemployment Insurance Weekly Claims Report - Initial Claims

13:30/US: U.S. Weekly Export Sales

15:00/US: Oct Monthly Wholesale Trade

15:30/US: 01/02 EIA Weekly Natural Gas Storage Report

20:00/US: Nov Consumer Credit

23:30/JPN: Nov Household Spending

23:50/JPN: Dec International Reserves / Foreign Currency

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Expected Earnings for Thursday

Acuity Inc (AYI) is expected to report $3.86 for 1Q.

Aehr Test Systems (AEHR) is expected to report for 2Q.

Anixa Biosciences Inc (ANIX) is expected to report $-0.09 for 4Q.

Aritzia Inc (ATZ.T) is expected to report $0.81 for 3Q.

Bank of South Carolina Corp (BKSC) is expected to report for 4Q.

Commercial Metals Co (CMC) is expected to report $1.60 for 1Q.

Environmental Tectonics Corp (ETCC) is expected to report for 3Q.

Greenbrier Cos Inc (GBX) is expected to report $0.87 for 1Q.

Lindsay Corp (LNN) is expected to report $1.47 for 1Q.

Neogen Corp (NEOG) is expected to report $-0.06 for 2Q.

Northern Technologies International Corp (NTIC) is expected to report $0.03 for 1Q.

Postmedia Network Canada (PNC.A.T,PNC.B.T) is expected to report for 1Q.

RPM International Inc (RPM) is expected to report $1.40 for 2Q.

Richtech Robotics Inc (RR) is expected to report $-0.04 for 4Q.

Simply Good Foods (SMPL) is expected to report $0.31 for 1Q.

Simulations Plus Inc (SLP) is expected to report $0.08 for 1Q.

TD SYNNEX Corp (SNX) is expected to report $2.86 for 4Q.

WD-40 Co (WDFC) is expected to report $1.36 for 1Q.

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ANALYST RATINGS ACTIONS

Alerus Financial Cut to Market Perform From Outperform by Hovde Group

Arthur J Gallagher & Co Cut to Neutral From Overweight by Piper Sandler

AST SpaceMobile Cut to Sector Underperform From Sector Perform by Scotiabank

Bain Capital Specialty Cut to Equal-Weight From Overweight by Wells Fargo

Bank of America Cut to Peer Perform From Outperform by Wolfe Research

Bank of New York Mellon Raised to Buy From Hold by Truist Securities

BigBear.ai Holdings Cut to Neutral From Overweight by Cantor Fitzgerald

BJ's Wholesale Club Cut to Underweight From Equal-Weight by Barclays

Blackstone Sec Lending Fd Cut to Underweight From Equal-Weight by Wells Fargo

Bristol-Myers Squibb Raised to Buy From Neutral by UBS

Chain Bridge Bancorp Cut to Market Perform From Strong Buy by Raymond James

ChoiceOne Financial Svcs Cut to Market Perform From Outperform by Hovde Group

Citizens Financial Group Cut to Outperform From Strong Buy by Raymond James

Colgate-Palmolive Raised to Overweight From Neutral by Piper Sandler

Deckers Outdoor Cut to Underweight From Neutral by Piper Sandler

DR Horton Cut to Market Perform From Market Outperform by Citizens

First Bancorp NC Raised to Strong Buy From Market Perform by Raymond James

First Commonwealth (PA) Raised to Outperform From Market Perform by Raymond James

GitLab Cut to Neutral From Overweight by Cantor Fitzgerald

Golub Capital BDC Raised to Overweight From Equal-Weight by Wells Fargo

HBT Financial Raised to Outperform From Market Perform by Raymond James

Heritage Commerce Cut to Market Perform From Outperform by Raymond James

Hershey Raised to Overweight From Neutral by Piper Sandler

Humana Cut to Equal-Weight From Overweight by Wells Fargo

Instil Bio Cut to Neutral From Buy by HC Wainwright & Co.

Lakeland Financial Cut to Market Perform From Outperform by Hovde Group

Lennar Cut to Market Perform From Market Outperform by Citizens

Lowe's Raised to Overweight From Equal-Weight by Barclays

M&T Bank Cut to Peer Perform From Outperform by Wolfe Research

MidCap Financial Invst Cut to Equal-Weight From Overweight by Wells Fargo

Mohawk Cut to Peer Perform From Outperform by Wolfe Research

Morgan Stanley Direct Cut to Equal-Weight From Overweight by Wells Fargo

OneStream Cut to Equal-Weight From Overweight by Morgan Stanley

OneStream Cut to Hold From Buy by TD Cowen

OneStream Cut to Neutral From Buy by Guggenheim

OneStream Cut to Neutral From Buy by Rosenblatt

OneStream Cut to Neutral From Outperform by Mizuho

OneStream Cut to Peer Perform From Outperform by Wolfe Research

Portillo's Cut to Hold From Buy by Stifel

Prosperity Bancshares Cut to Market Perform From Outperform by Raymond James

Public Service Enterprise Raised to Buy From Neutral by Ladenburg Thalmann

SoundThinking Cut to Neutral From Overweight by Cantor Fitzgerald

State Street Cut to Hold From Buy by Truist Securities

Trex Co Raised to Outperform From Peer Perform by Wolfe Research

Universal Health Cut to Equal-Weight From Overweight by Wells Fargo

US Bancorp Cut to Peer Perform From Outperform by Wolfe Research

Wayfair Raised to Overweight From Equal-Weight by Barclays

Wolverine World Wide Cut to Neutral From Overweight by Piper Sandler

WR Berkley Cut to Underperform From In-Line by Evercore ISI Group

Yum Brands Cut to Perform From Outperform by Oppenheimer

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

(END) Dow Jones Newswires

January 08, 2026 06:15 ET (11:15 GMT)

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