Merck, Oracle among market cap stock movers on Tuesday

Earnings season continues as we approach the holiday season, with several notable companies preparing to share their financial performance. Below we highlight companies expected to report earnings the next trading day so you can prepare for the market’s reaction. Leading the action on Wednesday are semiconductor giant Micron Technology, food producer General Mills, and manufacturing solutions provider Jabil Circuit, along with several other companies across diverse sectors.

Earnings Before the Open:

• General Mills (GIS) - EPS estimate: $1.02, Revenue estimate: $4.78B

• Jabil Circuit (JBL) - EPS estimate: $2.69, Revenue estimate: $8B

• ABM Industries Inc (ABM) - EPS estimate: $1.09, Revenue estimate: $2.28B

• Toro Co. (TTC) - EPS estimate: $0.9048, Revenue estimate: $1.05B

Earnings After the Close:

• Micron Tech (MU) - EPS estimate: $3.91, Revenue estimate: $12.8B

• Herman Miller (MLKN) - EPS estimate: $0.4067, Revenue estimate: $962.47M

• Actuant Corp (EPAC) - EPS estimate: $0.3833, Revenue estimate: $146.3M

• General Employment Enterprises (JOB) - EPS estimate: $0.03, Revenue estimate: $41.83M

Be sure to check back daily for updates and insights into the earnings season and real-time results at Investing.com’s earnings calendar and latest financial headlines. Do you want to trade the earnings of the biggest companies like a pro? Then get InvestingPro now and access over 1000 metrics that will give you a significant advantage in the shark tank that is Wall Street. Click here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- As investors position their portfolios for 2026, RBC Capital Markets has identified standout performers in the diversified financials sector. Their analysis highlights companies with strong growth trajectories, attractive valuations, and compelling business models that are well-positioned to outperform in the coming year.

RBC’s top selections showcase a mix of asset management, fleet management, and insurance businesses that offer distinct investment opportunities. Each company presents unique strengths in their respective subsectors while demonstrating solid fundamentals that support potential share price appreciation.

Get premium news and insight, AI stock picks, and deep research tools by upgrading to InvestingPro - get 55% off today

Brookfield Despite re-rating in 2025, RBC believes the market still significantly discounts Brookfield’s business despite strong tailwinds into 2026, particularly regarding carried interest realizations. At current prices, investors are effectively paying just 1.0x P/B for Brookfield’s non-real estate private investments. The company expects $25 billion in realized carried interest, with $12 billion anticipated within five years. Carried interest is projected to grow at a 45% CAGR through 2030. Additionally, Brookfield Wealth Solutions represents a major growth lever, with insurance assets potentially expanding from $139 billion today to approximately $350 billion within five years, contributing about one-third of the growth needed to reach the targeted 25% distributable earnings CAGR.

In recent news, Brookfield Corporation reported third-quarter 2025 earnings per share of $0.56, slightly missing forecasts, while revenue met expectations. The company is also part of a joint venture planning an $11 billion investment in AI data capacity in India, and Keefe, Bruyette & Woods reiterated its Outperform rating on the company.

Element Fleet Management Element continues to execute on its capital-light strategy, with services and syndication mix gains supporting structurally higher ROE and operating margin expansion. RBC highlights EFN’s durable growth profile with increasing operating leverage as the company gains market share across self-managed fleets. Strategic advisory wins and strong renewal activity underpin this growth trajectory. Capital return remains a core pillar, with strong free cash flow generation supporting a roughly 30% dividend payout, ongoing NCIB activity, and flexibility for M&A or additional buybacks. RBC’s C$47 price target is based on 23x blended 2026E/2027E operating EPS.

Fairfax Financial RBC expects Fairfax’s valuation discount versus peers to narrow as the company continues to deliver solid operating results. Despite consistent mid-90s combined ratios, stronger investment income momentum, low double-digit BVPS growth, and approximately mid-teens ROE, FFH trades at a P/B discount to peers. RBC believes the recent inclusion in the S&P/TSX 60 Index will drive increasing investor interest in 2026, noting that FFH is now the second P&C name in the index (joining IFC) and its $58 billion market cap exceeds IFC’s $50 billion. RBC’s US$2,200 target is based on 1.5x forward P/B, still below peers despite improving fundamentals.

Fairfax Financial Holdings announced strong second-quarter 2025 results, with net earnings rising to $1.4 billion from $915 million in the same period of the prior year.\\

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Spotify shares fell 0.7% on Tuesday after the U.S. Trade Representative warned of potential retaliatory measures against the European Union.

The U.S. Trade Representative stated that if the EU and its member states continue to restrict the competitiveness of U.S. digital service providers, the United States will "use every tool available to counter these measures."

The trade official specifically mentioned several European companies that have benefited from market access in the U.S., including Spotify, Accenture, Amadeus, Capgemini, DHL, Mistral, Publicis, SAP, and Siemens.

The statement indicated that U.S. law permits "the assessment of fees or restrictions on foreign services, among other actions" should responsive measures become necessary.

This development comes amid ongoing tensions as the EU has imposed various fines on American technology companies including X, Amazon, Google, and Meta over alleged violations of the bloc’s Digital Services Act.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.