MARKET WRAPS

Watch For:

U.S. interest rate decision; U.S. ADP National Employment Report for October; U.S. ISM Report on Business Services PMI for October; U.S. EIA Weekly Petroleum Report; CVS Health Corp. 3Q results; Sherritt International 3Q results.

Opening Call:

Stock futures hovered Wednesday as investors awaited the conclusion of the Federal Reserve's monetary policy meeting and a raft of economic data.

Stocks have surged in recent weeks, lifted by corporate earnings that have given investors confidence that businesses are charting a strong recovery. The reports have helped soothe lingering fears that snarled global supply chains and rising prices might drag on companies and crimp economic growth.

"Earning season has been very strong and the beats have been extremely robust," said Hugh Gimber, a strategist at J.P. Morgan Asset Management. "Despite the fact that there have been lots of concerns about price pressures and supply bottlenecks there is no sign that any of that is going through into margins."

Companies popular with traders on Reddit's WallStreetBets page rose ahead of the opening bell. Bed Bath & Beyond surged over 60%. The company, which on Tuesday announced a partnership with grocery chain Kroger, was among the most discussed companies on the forum, according to sites that track mentions of ticker symbols. Other meme-stock favorites GameStop and AMC rose over 5%.

In out-of-hours trading, Activision Blizzard fell over 10% after the videogame maker said the release of two of its titles would be delayed. Ride-hailing firm Lyft jumped over 12% after saying revenue climbed in the latest quarter as demand for its services returned.

Investors' eyes are on the Federal Reserve, which is set to conclude its two-day meeting later in the day. Officials are expected to announce the beginning of the end of their $120 billion-a-month bond-buying program but keep rates unchanged despite growing disquiet about inflation.

Chairman Jerome Powell's postmeeting press conference at 2:30 p.m. ET is likely to be closely followed by investors looking to see if the central bank chief addresses the surge in consumer prices and offers hints about the pathway for interest rates. Mr. Powell is likely to double down on his view that inflation is being driven by supply-chain bottlenecks that should ease in time, said Mr. Gimber.

"What Powell has to achieve today is to separate out the timing of the tapering decision from the timing of future rate increases," said Mr. Gimber. "They want to stress they are data dependent, and they are willing to be patient."

CVS Health and Marriott International are among the companies set to report earnings ahead of the opening bell Wednesday. Qualcomm and Fox are set to release quarterly figures after markets close, while Costco Wholesale will release sales data.

Investors also have a raft of economic data to digest. ADP's employment report is due to be released at 8:15 a.m., followed by figures on factory orders and a gauge of service-sector activity at 10 a.m.

Overseas, the Stoxx Europe 600 wavered between small gains and losses. In Asia, stock markets were mostly lower. Japanese markets were closed Wednesday for a public holiday.

Forex:

The Fed is widely expected to announce the start of asset-purchase tapering later Wednesday and the dollar's reaction will depend on whether it hints at the timing of a first interest-rate increase, UniCredit said.

"Should the Fed fail to offer new clues on this today (we do not expect any), the benefit the dollar may obtain from a formal announcement that the tapering plan would be starting this month may actually prove not too large and a 'sell-the-fact' logic may even prevail," it said. In this event, EUR/USD and GBP/USD may avoid additional selling pressure below 1.15 and 1.36 respectively, it said.

The Bank of England may unexpectedly hold off on raising interest rates at Thursday's meeting, causing sterling to extend its recent losses versus the euro, Danske Bank said.

"We continue to see either an unchanged Bank Rate or a dovish hike as the most likely outcomes on Thursday when the Bank of England announces its monetary policy decision (no rate hike being our base case), which would send EUR/GBP further up," Danske Bank analyst Lars Sparreso Lykke Merklin said.

A 'dovish hike' would mean the BOE raising interest rates but issuing a cautious message that could dampen expectations for further rate increases.

Bonds:

In bonds markets, 10-year U.S. Treasury yields were down to 1.533% from 1.546%.

T. Rowe Price will be on the lookout for comments by Fed Chairman Jerome Powell on whether interest rates can be raised during the process of tapering its bond purchases, Nikolaj Schmidt, chief international economist at the asset manager, said.

"I do not expect that Powell will endorse this but he may give us some indication that the FOMC would be willing to change, in particular accelerate, the pace of tapering should this be needed," he said. The FOMC has a strong preference for a predictable taper process, according to T. Rowe Price, for which the main risk is that the FOMC might opt for an accelerated process should inflation pressures surprise on the upside, Schmidt said.

Investors should keep an eye on discomfort around the "inflation is temporary narrative" at the Federal Reserve's meeting, said Nikolaj Schmidt, chief international economist at T.Rowe Price.

"As time has passed and inflation has remained stubbornly too high for comfort, I believe that the members of the FOMC have lost some of their confidence in the idea that inflation is all temporary," he said.

As supply-chain bottlenecks are likely to extend for some time to come and services inflation is set to increase due to rents, the temporary narrative will become increasingly challenging for the FOMC to preserve, Schmidt said. If the Fed is forced to take a more assertive stance on inflation, the economist would expect some hints at this at the coming meeting, he added.

The risk has increased that the European Central Bank will be forced into a swifter policy turn, said Martin Wolburg, senior economist at Generali Investments, although he doesn't expect a first interest-rate rise in 2022. The key message at the ECB's October meeting last week was that the ECB continues to stick to its view of higher inflation being transitory, even as it acknowledges that the abating of inflation takes longer than previously thought, Wolburg said.

"While markets remained more sceptical about the inflation outlook, we stick to our view that there will be no hikes in 2022," Wolburg said. "That said, the risks that the ECB is pushed into a more hawkish stance increases the longer the inflation spike lasts," he said.

Commodities:

Oil prices were down on the back of bearish U.S. inventory data released late Tuesday, according to DNB Markets' Helge Andre Martinsen. Crude oil stocks rose by more than expected, while gasoline stocks shrank by less than expected, he said.

OPEC+ is set to meet on Thursday and despite persistent pressure from President Biden--he blamed OPEC+ for inflationary pressures in the U.S. while at the COP26 climate summit in Glasgow on Tuesday--the cartel and its allies are "expected to rebuff all pressure...and continue [their] output strategy of tapering production cuts by 0.4 million barrels a day per month," Martinsen said.

Gold edged lower in European trading ahead of the FOMC meeting. The price of the precious metal is unlikely to change much until the meeting's conclusion, Commerzbank said.

TODAY'S TOP HEADLINES

Freight Operators' Profits Are Surging in Strained Supply-Chain Markets

The supply-chain crunch plaguing retailers and manufacturers is providing an earnings bonanza for freight carriers.

Deere Workers Reject Second Contract Offer, Extending Strike

Workers at Deere & Co. rejected a second contract offer, extending a strike against the farm equipment and construction machinery company that has lasted nearly three weeks.

Union employees at 12 Deere facilities voted against the tentative contract offer agreed to by their negotiators Oct. 30, the company said late Tuesday. Deere said that employees at two parts plants in Denver and Atlanta, who work under a separate contract, voted to approve the offer that had identical economic terms as the one that the company's other employees rejected.

Mondelez Says Snack Prices to Rise Further as Costs Grow

Mondelez International Inc. said prices for its cookies and candies would climb further in the months ahead as the snacking company aims to stay ahead of escalating costs.

The maker of Oreo cookies, Toblerone chocolate and Sour Patch Kids candy is raising prices around the world, executives said Tuesday, as Mondelez pays more for ingredients, transportation and wages and as demand for its products grows.

Activision Shares Tumble on Game Delays

Activision Blizzard Inc.'s shares tumbled in after-hours trading Tuesday after the company said it is delaying the launch of two games and reported third-quarter earnings with a holiday-season outlook falling short of Wall Street analysts' expectations.

A sequel to the 2016 hit "Overwatch" and a new installment of "Diablo" will come out later than previously planned, the company said, citing recent leadership changes at the Blizzard Entertainment unit making them. Several of those changes came shortly after the company was sued in July by a California regulator over allegations of gender-based discrimination, harassment and retaliation.

Lyft Reports Higher Revenue as Ridership Returns

Lyft Inc. said revenue climbed in the latest quarter, as consumers continue to pay higher prices because of the shortage of drivers and the increase in rider demand.

The San Francisco company's revenue increased 73% to $864 million from the year-earlier period, as its ridership edged closer to pre-pandemic levels. The company reported 18.9 million active riders in the quarter, up from 12.5 million a year earlier. Lyft had 22.9 million active riders at the end of 2019.

Printer R.R. Donnelley & Sons Nears Deal to Go Private

Commercial-printing company R.R. Donnelley & Sons Co. is nearing a deal to sell itself to a private-equity firm for just over $2 billion including debt, according to people familiar with the matter.

Greenwich, Conn.-based Atlas Holdings is expected to pay around $8.50 a share to take R.R. Donnelley private, the people said. A deal could be unveiled as soon as Wednesday, when the company is set to report third-quarter earnings, assuming the talks don't fall apart.

Following the Journal report of a possible deal with Atlas, investment firm Chatham Asset Management LLC raised its takeover offer for R.R. Donnelley to $9.00 to $9.50 a share in cash. Chatham in October offered $7.50 a share.

Zillow Quits Home-Flipping Business, Cites Inability to Forecast Prices

Real-estate firm Zillow Group Inc. is exiting from the home-flipping business, saying Tuesday that its algorithmic+ model to buy and sell homes rapidly doesn't work as planned.

The firm's termination of its tech-enabled home-flipping business, known as "iBuying," follows Zillow's announcement about two weeks ago that it was halting all new home purchases for the rest of the year. At the time, Zillow pointed to labor and supply shortages for its inability to renovate and flip houses fast enough.

Justice Department Sues to Block Penguin Random House's Acquisition of Simon & Schuster

WASHINGTON-The Justice Department filed a lawsuit Tuesday that seeks to block Penguin Random House from acquiring rival Simon & Schuster for nearly $2.18 billion, the latest in a series of aggressive antitrust cases brought under the Biden administration.

The department's complaint, filed in federal court in Washington, D.C., focused not on the prices consumers pay for books, but instead on the competition between publishers to secure rights from authors, especially bestselling ones. The industry paid authors over $1 billion in advances last year.

Facebook to Shut Down Facial Recognition in Photos, Videos

Facebook said it is shutting down its facial-recognition system in the coming weeks, scrapping a feature that has developed into a key tool for sharing photos on social media but has raised concerns among privacy advocates and regulators

The move continues a dramatic reshaping of the tech giant in recent weeks, which includes pausing the development of an Instagram for children product and a rebranding of the entire company to Meta Platforms Inc. to focus on a future beyond social media.

Fed Prepares to Taper, but Markets Crave More Insight on Rate Rises

The Federal Reserve is likely to announce Wednesday that it will begin steadily reducing its bond-buying program, the biggest step the central bank has taken toward reversing its pandemic-era stimulus.

The decision to wind down, or taper, those purchases this month has been so heavily telegraphed by Fed officials that the focus of the two-day meeting that ends Wednesday has shifted toward how they will characterize inflation risks-which carries important implications for how soon they might raise interest rates.

Negative Bond Yields Recede in Europe

Negative bond yields are getting harder to find in Europe, shrinking the pool of debt that pays back less to investors than they put in.

French, Irish, Dutch and Swiss yields have all either turned positive or flirted with the line in recent weeks and months. German 10-year bond yields, the region's benchmark, are still negative, but rose as high as negative 0.07% this week, the closest they have come to turning positive since April 2019.

SEC Chairman Says Crypto Market Won't Mature Without Oversight

Securities and Exchange Commission Chairman Gary Gensler said the regulator will be "very active" in bringing the digital currency market under its investor protection framework, as the Biden administration increases scrutiny of cryptocurrencies.

Mr. Gensler's comments Tuesday at a conference hosted by the Securities Industry and Financial Markets Association came a day after a Treasury Department-led panel issued a report on stablecoins, which are cryptocurrencies pegged to assets such as the U.S. dollar. The report asks Congress to impose a new regulatory framework around stablecoins and to limit the issuance of such digital assets to banks.

China Services Activity Maintains Robust Growth in October

A private gauge of China's services sector activity maintained robust growth in October, hitting its highest level since July amid the weeklong National Day holiday and relaxation of social-distancing measures.

The Caixin China services purchasing managers index rose to 53.8 in October from 53.4 in September, Caixin Media Co. and research company IHS Markit said Wednesday. The gauge came in above 50, which separates expansion from contraction.

Biden Picks Wall Street Critic Saule Omarova to Oversee Large Banks

WASHINGTON-The Biden administration formally nominated Saule Omarova, a law professor and critic of big banks, to serve as a top banking regulator, a setback for Wall Street and other firms that had pushed to scuttle her nomination.

The move Tuesday comes about a month after the administration said it intended to nominate the Cornell University law professor to serve as the Comptroller of the Currency, a powerful regulator charged with overseeing large national banks.

CDC Recommends Pfizer-BioNTech Covid-19 Vaccine in Young Children

The Centers for Disease Control and Prevention recommended use of Pfizer Inc. and BioNTech SE's Covid-19 vaccine among children ages 5 to 11 years, opening the door for immunizations to start.

The endorsement, by CDC Director Rochelle Walensky on Tuesday, was the last step before doctors, nurses and pharmacists could start giving the shots.

Democrats Reach Deal on Lowering Prescription Drug Prices

WASHINGTON-Democrats reached an agreement on provisions designed to lower the price of some prescription drugs, appearing to resolve one of the final issues in the party's negotiations over their $1.85 trillion healthcare, education and climate-change bill.

The agreement, which is backed by the White House, would empower Medicare to negotiate the price of some drugs, penalize drug companies for raising prices faster than the rate of inflation and cap out-of-pocket costs for seniors at $2,000 annually. It also creates a $35 out-of-pocket monthly maximum for insulin, Democrats said.

Glenn Youngkin Wins Virginia Governor Race

Republican Glenn Youngkin was elected governor of Virginia on Tuesday, halting a yearslong trend of Democratic electoral gains in the state and giving the GOP a potential playbook in competitive parts of the U.S. ahead of next year's congressional midterm elections.

Mr. Youngkin, a 54-year-old former private-equity executive and political newcomer, defeated Democrat Terry McAuliffe, a party stalwart who served as governor from 2014 to 2018, according to the Associated Press.

Michelle Wu Is First Woman Elected Boston Mayor

Boston voters chose city councilor Michelle Wu as mayor, making her the first woman and first person of color elected to lead Massachusetts' capital.

The Associated Press declared Ms. Wu, 36 years old, to be the winner Tuesday night over Annissa Essaibi George, also a city councilor. Ms. Wu had 60% of votes in the two-person race with 52% of precincts reporting. Both are Democrats, though the Boston mayoral race is officially nonpartisan.

Supreme Court Weighs Challenge to New York State's Concealed-Weapons Permit Law

WASHINGTON-The Supreme Court on Wednesday will consider a challenge to New York state's century-old system for issuing concealed-weapons permits, potentially paving the way for a new expansion of the Second Amendment right to keep and bear arms.

After gun violence spiked in the early 20th century, New York enacted legislation limiting concealed-weapons licenses to individuals of "good moral character" with "proper cause" for a license. In Wednesday's case, two gun owners from upstate Rensselaer County and a New York affiliate of the National Rifle Association argue the law is unconstitutional because it requires them to provide specific reasons for carrying concealed weapons in public beyond their general fear of crime.

Write to sarka.halas@wsj.com

   
 
  COP26 ROUNDUP ############### ############### 

Financial System Makes Big Promises on Climate Change at COP26 Summit

Most of the world's big banks, its major investors and insurers, and its financial regulators have for the first time signed up to a coordinated pledge that will incorporate carbon emissions into their most fundamental decisions.

The lenders and investors say they will help fund a shift that will reduce carbon emissions by businesses and spur the growth of industries that can help limit climate change. Regulators are putting in place new rules to oversee the shift.

The United Nations' Glasgow Financial Alliance for Net Zero says financial groups with assets of $130 trillion have committed to its program to cut emissions. That is enough scale to generate $100 trillion through 2050 to fund investments needed for new technologies, and enough reach to impose pathways for corporations and financial institutions to restructure themselves, the group said.

Biden Says Xi, Putin Cede Climate Influence by Missing Glasgow Summit

President Biden criticized the leaders of China and Russia for not joining other heads of state at the climate summit in Glasgow, arguing they were ceding their global influence.

"I think it's been a big mistake, quite frankly," Mr. Biden said Tuesday on the sidelines of the summit. "The rest of the world is going to look to China and say, what value add are they providing? They've lost an ability to influence people around the world and all the people here."

He said he felt the same way about Russia. "Literally, the tundra is burning," Mr. Biden said of Russian President Vladimir Putin. "He has serious climate problems and he is mum on his willingness to do anything."

COP26 Leaders Agree to End Deforestation by 2030

GLASGOW-World leaders from more than 100 countries, including the U.S., China and Brazil, agreed to a deal aimed at ending and then reversing deforestation by 2030, committing nearly $20 billion of public and private funds to protect and restore forests.

U.K. Prime Minister Boris Johnson, during the COP26 climate summit in Scotland on Tuesday, called the pledge a landmark agreement that includes countries accounting for 85% of the world's forest land. But details about how such a deal, which isn't legally binding, would be executed and policed haven't yet been worked out.

World Leaders Vow to Cut Methane Emissions

Global leaders at the Glasgow climate summit pledged Tuesday to sharply curtail methane emissions, with President Biden saying the U.S. would tighten regulations on oil and natural-gas production to reduce leaks of the potent greenhouse gas.

The effort spotlighted growing concerns about the environmental harms of methane, a byproduct of drilling, livestock and landfills that traps roughly 85 times more heat than carbon dioxide.

"One of the most important things we can do in this decisive decade...is to reduce our methane emissions as quickly as possible," Mr. Biden said at a summit event marking progress on the Global Methane Pledge, an initiative led by the U.S. and the European Union to cut methane emissions by 30% globally by 2030.

Why COP26 will make 'strong' companies 'stronger and the weak, relatively weaker'

World leaders are soaking up the spotlight at the Glasgow climate summit, but the pressure to implement whatever is agreed will fall largely on companies, noted analysts at Deutsche Bank. And that's going to create divisions between the corporate haves and have-nots.

Read: India's Modi surprises COP26 climate summit with 2070 target for net-zero emissions

The analysts screened 15 years of corporate documents, counting the number of times "ESG," the acronym for environmental, social and governance criteria, and "cost" appeared within five words of each other. As the chart below shows, the frequency has jumped in the last two quarters.

Tariffs to Tackle Climate Change Gain Momentum. The Idea Could Reshape Industries.

Governments in the U.S., Europe and other developed nations are embarking on a climate-change experiment: using tariffs on trade to cut carbon emissions. The idea has the potential to rewrite the rules of global commerce.

Policy makers on both sides of the Atlantic are looking at targeting steel, chemicals and cement. The tariffs would give a competitive advantage to manufacturers in countries where emissions are relatively low.

It's an idea that is gaining acceptance among U.S. businesses, particularly in those industries, as well as among politicians who see an opportunity to appeal to domestic manufacturers and their workers. Over the weekend, the Biden administration announced the first-ever trade agreement to incorporate such a concept. The pact with the European Union would jointly curb imports of steel that generate high levels of carbon emissions.

   
 
  TODAY IN CANADA 

Earnings:

AcuityAds Hldgs Inc (AT.T) 3Q

ATS Automation Tooling (ATA.T) 2Q

Brookfield Infras Ptrns (BIP.U.T) 3Q

Calibre Mining Corp.(CXB.T) 3Q

Cenovus Energy Inc.(CVE.T) 3Q

Ceridian HCM Hldg Inc.(CDAY.T) 3Q

DIRTT Environmental Solus (DRT.T) 3Q

Equinox Gold Corp. (EQX.T) 3Q

Franco-Nevada Corp. (FNV.T) 3Q

GFL Environmental Inc (GFL.T) 3Q

goeasy Ltd. (GSY.T) 3Q

Great-West Lifeco Inc. (GWO.T)3Q

Hudbay Minerals Inc (HBM.T) 3Q

iA Fincl Corp. Inc. (IAG.T) 3Q

IAMGOLD Corp. (IMG.T) 3Q

Info Svcs Corp. (ISV.T) 3Q

Keyera Corp. (KEY.T) 3Q

Kirkland Lake Gold Ltd.(KL.T) 3Q

Manulife Fincl Corp (MFC.T) 3Q

Maxar Tech Inc. (MAXR.T) 3Q

MEG Energy Corp. (MEG.T) 3Q

NFI Grp Inc. (NFI.T) 3Q

Nomad Royalty Company (NSR.T) 3Q

Pason Syss Inc.(PSI.T) 3Q

Sandstorm Gold Ltd. (SSL.T) 3Q

Sherritt Intl Corp (S.T) 3Q

Spin Master Corp (TOY.T) 3Q

SSR Mining Inc (SSRM.T) 3Q

Stantec Inc (STN.T) 3Q

STEP Energy Svcs Ltd. (STEP.T) 3Q

Sun Life Fincl Inc. (SLF.T) 3Q

Taseko Mines Limited (TKO.T) 3Q

Torex Gold Resources Inc. (TXG.T) 3Q

Tourmaline Oil Corp. (TOU.T) 3Q

Western Forest Products (WEF.T) 3Q

Economic Indicators (ET):

0815 Oct Official International Reserves

Stocks to Watch:

BHP Extends Noront Offer Deadline Amid Talks With Wyloo

BHP Group Ltd. extended the deadline on its takeover offer for Noront Resources Ltd., saying it has entered talks with shareholder and rival suitor Wyloo Metals Pty. Ltd. over its stake.

BHP said it is in discussions with Wyloo Metals, owned by Australian billionaire Andrew Forrest, regarding its potential support of BHP's 75 Canadian-cent (US$0.60) per share offer to acquire Noront and that the initial expiry of its offer has been extended--to Nov. 16 from Nov. 9--to allow for those discussions to progress.

"The earliest time BHP will be taking up Noront shares under its bid will be at the new expiry time," BHP said in a statement.

BHP and Wyloo have been in a bidding war for Noront, which is focused on developing deposits in northern Ontario that contain metals such as copper and nickel, expected to be in high demand as the world decarbonizes.

Expected Major Events for Wednesday

00:01/UK: 4Q CBI SME Trends Survey

06:00/RUS: Oct Russian Services PMI

07:00/UK: Oct Nationwide House Price Index

09:00/ITA: Sep Unemployment

09:30/UK: Oct CIPS / Markit Services PMI

09:30/UK: Oct UK Official Reserves

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

11:00/US: 10/29 MBA Weekly Mortgage Applications Survey

12:15/US: Oct ADP National Employment Report

12:15/CAN: Oct Official International Reserves

13:45/US: Oct US Services PMI

14:00/US: Sep Metropolitan Area Employment & Unemployment

14:00/US: Sep Manufacturers' Shipments, Inventories & Orders (M3)

14:00/US: Oct ISM Report On Business Services PMI

14:30/US: 10/29 EIA Weekly Petroleum Status Report

18:00/US: U.S. interest rate decision

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

Expected Earnings for Wednesday

Air Industries Group (AIRI) is expected to report for 3Q.

Ares Commercial Real Estate (ACRE) is expected to report $0.31 for 3Q.

BGC Partners (BGCP) is expected to report $0.05 for 3Q.

Belden (BDC) is expected to report $0.93 for 3Q.

BlackRock TCP Capital Corp (TCPC) is expected to report $0.32 for 3Q.

BorgWarner Inc (BWA) is expected to report $0.65 for 3Q.

Brinker International (EAT) is expected to report $0.78 for 1Q.

Broadridge Financial Solutions Inc (BR) is expected to report $0.61 for 1Q.

CDW Corp (CDW) is expected to report $1.86 for 3Q.

CSW Industrials Inc (CSWI) is expected to report $1.47 for 2Q.

Camping World Holdings Inc (CWH) is expected to report $1.76 for 3Q.

Cenovus Energy Inc (CVE,CVE.T) is expected to report $0.45 for 3Q.

Charles River Laboratories International Inc (CRL) is expected to report $1.95 for 3Q.

Dorian LPG Ltd (LPG) is expected to report $0.09 for 2Q.

Entergy Corp (ETR) is expected to report $2.43 for 3Q.

Everi Holdings Inc (EVRI) is expected to report $0.03 for 3Q.

Horizon Therapeutics PLC (HZNP) is expected to report $1.18 for 3Q.

Humana Inc (HUM) is expected to report $4.53 for 3Q.

Jones Lang LaSalle Inc (JLL) is expected to report $3.49 for 3Q.

Karyopharm Therapeutics Inc (KPTI) is expected to report $-0.67 for 3Q.

LSI Industries (LYTS) is expected to report $0.13 for 1Q.

Lumber Liquidators (LL) is expected to report $0.30 for 3Q.

MGP Ingredients (MGPI) is expected to report $0.40 for 3Q.

National Energy Services Reunited Corp (NESR) is expected to report $0.07 for 3Q.

New Fortress Energy LLC (NFE) is expected to report $0.31 for 3Q.

NiSource Inc (NI) is expected to report $0.10 for 3Q.

Owens & Minor Inc (OMI) is expected to report $0.58 for 3Q.

PROG Holdings Inc (PRG) is expected to report for 3Q.

Pacira Pharmaceuticals (PCRX) is expected to report $0.40 for 3Q.

Pitney-Bowes Inc (PBI) is expected to report $0.07 for 3Q.

R.R. Donnelley & Sons Co (RRD) is expected to report $0.24 for 3Q.

SiteOne Landscape Supply (SITE) is expected to report $1.18 for 3Q.

Stagwell Inc (STGW) is expected to report for 3Q.

Steve Madden (SHOO) is expected to report $0.76 for 3Q.

Superior Industries (SUP) is expected to report $-0.33 for 3Q.

Superior Uniform Group Inc (SGC) is expected to report $0.51 for 3Q.

Syneos Health Inc (SYNH) is expected to report $0.63 for 3Q.

Tupperware Brands Corp (TUP) is expected to report $0.73 for 3Q.

United Therapeutics Corp (UTHR) is expected to report $3.59 for 3Q.

Wingstop Inc (WING) is expected to report $0.36 for 3Q.

Powered by Kantar Media and Dow Jones.

ANALYST RATINGS ACTIONS

Alcoa Raised to Buy From Hold by Jefferies

Bright Health Gr Cut to Market Perform From Outperform by Cowen & Co.

BrightSpire Capital Raised to Outperform From Market Perform by Raymond James

Chegg Cut to Equal-Weight From Overweight by Morgan Stanley

Chegg Cut to Hold From Buy by Craig-Hallum

Chegg Cut to Hold From Buy by Needham

Chegg Cut to Market Perform From Outperform by Raymond James

Chegg Cut to Neutral From Overweight by Piper Sandler

Clorox Cut to Underweight From Neutral by JP Morgan

Discover Financial Raised to Buy From Neutral by Seaport Global

Enerpac Tool Group Raised to Equal-Weight From Underweight by Wells Fargo

EverQuote Cut to Neutral From Overweight by JP Morgan

Expedia Group Cut to Neutral From Overweight by Atlantic Equities

Exxon Mobil Cut to Sell From Hold by Truist Securities

FirstEnergy Raised to Equal-Weight From Underweight by Wells Fargo

Five9 Cut to In-Line From Outperform by Evercore ISI Group

Ford Motor Cut to Reduce From Neutral by Nomura Instinet

Franklin Resources Raised to Outperform From Market Perform by Keefe, Bruyette & Woods

JELD-WEN Cut to Peer Perform From Outperform by Wolfe Research

ONE Gas Raised to Buy From Neutral by UBS

Patterson-UTI Raised to Buy From Underperform by B of A Securities

Skechers Cut to Hold From Buy by Argus Research

Triterras Cut to Neutral From Buy by B. Riley Securities

ZoomInfo Technologies Raised to Buy From Neutral by UBS

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

(END) Dow Jones Newswires

November 03, 2021 06:16 ET (10:16 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.