Tuesday, March 21, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open: 
  • (OLLI)/.79
  • (WOOF)/.24
  • (WGO)/1.25
After the Close: 
  • (CHWY)/-.10
  • (KBH)/1.12
  • (SCS)/.11
  • (WOR)/.73

Economic Releases

10:30 am EST
  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,556,000 barrels versus a +1,550,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -1,852,000 barrels versus a -2,061,000 barrel decline the prior week. Distillate inventories are estimated to fall by -1,702,430 barrels versus a -2,537,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise +.43% versus a +2.2% gain prior.
2:00 pm EST
  • The FOMC is expected to raise the benchmark Fed Funds Rate +25.0 basis points to 4.75%-5.0%.
Upcoming Splits
  • (GCBC) 2-for-1
  • (FCUV) 3-for-2
Other Potential Market Movers
  • The Fed press conference, weekly MBA Mortgage Applications report, Sidoti Small Cap Conference, (HSY) investor day and the (ADSK) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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