Tuesday, May 16, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (JACK)/1.22
  • (TGT)/1.79
  • (TJX)/.71
  • (TGI)/.24
After the Close: 
  • (BOOT)/1.44
  • (CSCO)/.97
  • (CPRT)/.64
  • (SQM)/3.01
  • (SNPS)/2.47
  • (TTWO)/.67
  • (VSAT)/3.50

Economic Releases

8:30 am EST
  • Housing Starts for April is estimated to fall to 1400K versus 1420K in March.
  • Building Permits for April is estimated to rise to 1430K versus 1413K in March.
10:30 am EST
  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -740,000 barrels versus a +295,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -1,940,000 barrels versus a -3,167,000 barrel decline the prior week. Distillate inventories are estimated to fall by -680,000 barrels versus a -4,170,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +.68% versus a +.3% gain prior.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The Japan Industrial Production report, 20Y T-Bond auction, weekly MBA Mortgage Applications report, (AAON) investor day, Barclays FinTech Forum and the BMO Capital Farm to Market Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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