North American Morning Briefing: Stocks Slip Premarket, Oil Climbs Again -2-

AUSTIN, Texas-The day after a vicious Republican primary for the U.S. Senate ended in a draw and Democrats picked the candidate most feared by the GOP, President Trump had a message for the candidates headed to a runoff.

"IT MUST STOP NOW!" Trump wrote on Truth Social of the battle between Sen. John Cornyn and state Attorney General Ken Paxton. "I will be making my Endorsement soon, and will be asking the candidate that I don't Endorse to immediately DROP OUT OF THE RACE! Is that fair? We must win in November!!!"

Write to gareth.mcpherson@wsj.com

TODAY IN CANADA

Earnings:

Aecon Grp 4Q

Badger Infra 4Q

Can. Nat. Res 4Q

Canfor Corp 4Q

Doman Bldg Mat 4Q

Endeavour Min 4Q

Enghouse Sys 1Q

Ero Copper 4Q

Maple Leaf 4Q

Martinrea Intl 4Q

Methanex Corp 4Q

Profound Med 4Q

South Bow 4Q

Spin Master 4Q

Tidewater Mid 4Q

Tidewater Ren 4Q

Economic Indicators (ET):

0830 Intentions of principal field crop areas for March

Stocks to Watch:

Automotive Prop REIT 4Q Net C$14.9M; 4Q Rev C$27.9M

Capstone Infrastructure 4Q Net C$23.9M; 4Q Rev C$79.2M

Canadian Pacific Railway Co. Issuing $600M of 4% Notes Due 2029 and $600M of 5.5% Notes Due 2056

CPKC Announces US $1.2B Debt Offering

ShaMaran Petroleum 4Q Adj EBITDAX $39.9M; 4Q Revenue $54.7M; FactSet Est. $43.7M (1 Est.); 4Q Revenue Beats Estimates

Surge Energy 4Q Rev C$126.38M; 4Q Total Revenue CAD 126.4M; 4Q CAPEX CAD 41.7M; 4Q Net Loss CAD 7.09M; 4Q Loss C$7.09M

Xtract One Technologies 2Q Loss/Shr C$0.01; 2Q Rev C$5.8M

Expected Major Events for Thursday

02:00/JPN: Feb Imported Vehicle Sales

06:00/JPN: Jan Revised Machine Tool Orders

07:45/FRA: Jan Industrial production index

09:00/UK: Feb UK monthly car registrations figures

09:00/ITA: Jan Retail Sales

09:30/UK: Feb S&P Global UK Construction PMI

12:30/US: Feb Challenger Job-Cut Report

13:00/RUS: Weekly International Reserves

13:30/US: 4Q Preliminary Productivity and Costs

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

13:30/US: 02/28 Unemployment Insurance Weekly Claims Report - Initial Claims

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

13:30/CAN: Mar Intentions of principal field crop areas

15:30/US: 02/27 EIA Weekly Natural Gas Storage Report

16:00/US: Feb Global Services PMI

17:00/US: Feb Monthly U.S. Retail Chain Store Sales Index

21:30/US: Foreign Central Bank Holdings

21:30/US: Federal Discount Window Borrowings

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

23:50/JPN: Feb Provisional Trade Statistics for 1st 20 days of Month

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Expected Earnings for Thursday

Acorn Energy Inc (ACFN) is expected to report for 4Q.

Algoma Central Corp (ALC.T) is expected to report for 4Q.

Aligos Therapeutics Inc (ALGS) is expected to report for 4Q.

Altimmune (ALT) is expected to report $-0.23 for 4Q.

Amprius Technologies Inc (AMPX) is expected to report $-0.04 for 4Q.

BJ's Wholesale Club Holding Inc (BJ) is expected to report $0.92 for 4Q.

Bioventus Inc (BVS) is expected to report $0.12 for 4Q.

Burlington Stores Inc (BURL) is expected to report $4.75 for 4Q.

CPI Card Group Inc (PMTS,PMTS-T) is expected to report $0.54 for 4Q.

Canadian Natural Resources Ltd (CNQ,CNQ.T) is expected to report $0.45 for 4Q.

Ciena Corp (CIEN) is expected to report $0.60 for 1Q.

CorMedix Inc (CRMD) is expected to report $0.67 for 4Q.

Distribution Solutions Group Inc (DSGR) is expected to report $0.19 for 4Q.

Endeavour Mining PLC (EDV.T,EDVMF) is expected to report for 4Q.

Fastenal Co (FAST) is expected to report.

Global Water Resources Inc (GWR-T,GWRS) is expected to report $0.03 for 4Q.

GoPro Inc (GPRO) is expected to report $-0.36 for 4Q.

Invivyd Inc (IVVD) is expected to report $-0.08 for 4Q.

Ituran Location & Control Ltd (ITRN,ITRN-TV) is expected to report for 4Q.

John Wiley & Sons Inc - A Share (WLY) is expected to report $0.67 for 3Q.

Kroger Co (KR) is expected to report $1.20 for 4Q.

Kura Oncology Inc (KURA) is expected to report $-0.64 for 4Q.

Lexicon Pharmaceuticals Inc (LXRX) is expected to report $-0.07 for 4Q.

Lightwave Logic Inc (LWLG) is expected to report for 4Q.

Liquidia Corp (LQDA) is expected to report $0.18 for 4Q.

Maple Leaf Foods Inc (MFI.T,MLFNF) is expected to report for 4Q.

Methanex Corp (MEOH,MX.T) is expected to report $0.88 for 4Q.

Myers Industries Inc (MYE) is expected to report $0.23 for 4Q.

Olaplex Holdings Inc (OLPX) is expected to report $-0.02 for 4Q.

Palladyne AI Corp (PDYN) is expected to report for 4Q.

REGENXBIO Inc (RGNX) is expected to report $0.16 for 4Q.

Ranger Energy Services Inc (RNGR) is expected to report $0.10 for 4Q.

Ranpak Holdings Corp (PACK) is expected to report $-0.03 for 4Q.

Spin Master Corp (TOY.T) is expected to report $0.07 for 4Q.

Stratasys Ltd (SSYS) is expected to report $-0.23 for 4Q.

Tango Therapeutics Inc (TNGX) is expected to report $-0.30 for 4Q.

Teads Holding Co (TEAD) is expected to report $-0.10 for 4Q.

Tejon Ranch Co (TRC) is expected to report for 4Q.

Toro Co (TTC) is expected to report $0.64 for 1Q.

Victoria's Secret & Co (VSCO) is expected to report $2.49 for 4Q.

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ANALYST RATINGS ACTIONS

American Electric Power Raised to Buy From Neutral by Ladenburg Thalmann

Avient Cut to Sector Weight From Overweight by Keybanc

CME Group Cut to Hold From Buy by Argus Research

Dow Raised to Overweight From Sector Weight by Keybanc

First Solar Cut to Hold From Buy by GLJ Research

GitLab Cut to Neutral From Overweight by Piper Sandler

Great Lakes Dredge Cut to Neutral From Overweight by JP Morgan

Intellia Therapeutics Raised to Buy From Hold by Jones Trading

LegalZoom.com Cut to Underweight From Equal-Weight by Barclays

Ross Stores Raised to Outperform From Market Perform by Telsey Advisory Group

RPM International Raised to Outperform From Neutral by Baird

Select Medical Cut to Hold From Buy by Benchmark

Sempra Raised to Buy From Hold by Argus Research

Southern Co Raised to Sector Weight From Underweight by Keybanc

Tevogen Bio Holdings Cut to Hold From Buy by D. Boral Capital

Vulcan Materials Cut to Neutral From Overweight by JP Morgan

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

(END) Dow Jones Newswires

March 05, 2026 06:17 ET (11:17 GMT)

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