Tuesday, March 28, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open: 
  • (BLUE)/-.20
  • (CTAS)/3.03
  • (CONN)/-.86
  • (PAYX)/1.24
After the Close: 
  • (FUL)/.59
  • (RH)/3.36
  • (SMTC)/.47
  • (VRNT)/.72

Economic Releases

10:00 am EST
  • Pending Home Sales MoM for Feb. is estimated to fall -3.0% versus an +8.1% gain in Jan.
10:30 am EST
  • Bloomberg consensus estimates call for a weekly crude oil inventory gain of +608,170 barrels versus a +1,117,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -2,171,170 barrels versus a -6,399,000 barrel decline the prior week. Distillate inventories are estimated to fall by -1,837,000 barrels versus a -3,313,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +.53% versus a +.4% gain prior.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Fed's Barr speaking, Eurozone Industrial Production report, 7Y T-Note auction, weekly MBA Mortgage Applications report, (INTC) data center/AI investor webinar, BofA Energy/Utilities/Infrastructure Conference, BofA (DELL) fireside chat and the (CLH) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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