Monday, February 06, 2023

Tomorrow's Earnings/Economic Releases of Note; Market Movers

Earnings of Note 
Company/Estimate 

Before the Open: 
  • (ANF)/.86
  • (DLTR)/2.00
  • (DCI)/.68
  • (DY)/.14
  • (FSS)/.56
  • (HGV)/.77
  • (JACK)/1.74
  • (KSS)/.97
  • (LOW)/2.21
  • (RY)/2.93
  • (TUP)/.29
  • (WB)/.53
  • (WEN)/.21
After the Close:
  • (BOX)/.34
  • (JAZZ)/1.12
  • (OKTA)/.09
  • (PLUG)/-.25
  • (MDRX)/.28
  • (AAN)/.01
  • (SNOW)/.05
  • (CRM)/1.36
  • (SPLK)/1.15

Economic Releases 

10:00 am EST
  • Construction Spending MoM for Jan. is estimated to rise +.2% versus a -.4% decline in Dec.
  • ISM Manufacturing for Feb. is estimated to rise to 48.0 versus 47.4 in Dec.
  • ISM Prices Paid for Feb. is estimated to rise to 45.0 versus 44.5 in Dec.
10:30 am EST
  • Bloomberg consensus estimates call for a weekly crude oil inventory  gain of +1,351,570 barrels versus a +7,647,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -207,140 barrels versus a -1,856,000 barrel decline the prior week. Distillate inventories are estimated to fall by -68,140 barrels versus a +2,698,000 barrel gain the prior week.  Finally, Refinery Utilization is estimated to fall by -.14% versus a -.6% decline prior.
Afternoon
  • Wards Total Vehicle Sales for Feb. is estimated to fall to 14.7M versus 15.74M in Jan.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Kashkari speaking, China Services PMI report, weekly MBA mortgage applications report, (TSLA) investor day, Bernstein Tech/Media/Telecom/Consumer Conference, Citi Healthcare Services/Medtech/Tools/HCIT Conference and the BofA Ag/Materials Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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