Tuesday, May 09, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (BCO)/1.10
  • (COHR)/.82
  • (EBIX)/.19
  • (GDFRX)/-.01
  • (NYT)/.17
  • (PFGC)/.71
  • (RBLX)/-.40
  • (TEVA)/.55
  • (TUP)/.11
  • (VSH)/.56
  • (WEN)/.20
  • (WWW)/.03
After the Close: 
  • (DOX)/1.47
  • (BYND)/-1.02
  • (CAKE)/.59
  • (CR)/.85
  • (JAZZ)/4.22
  • (PAAS)/.02
  • (HOOD)/-.49
  • (STE)/2.15
  • (TTD)/.12
  • (U)/-.02
  • (DIS)/.94

Economic Releases

8:30 am EST
  • The CPI MoM for April is estimated to rise +.4% versus a +.1% gain in March.
  • The CPI Ex Food and Energy MoM for April is estimated to rise +.3% versus a +.4% gain in March.
  • The CPI YoY for April is estimated to rise +5.0% versus a +5.0% gain in March.
  • Real Avg. Weekly Earnings YoY for April.
10:30 am EST
  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,108,710 barrels versus a -1,281,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -1,011,860 barrels versus a +1,742,000 barrel gain the prior week. Distillate inventories are estimated to fall by -821,710 barrels versus a -1,190,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise +.66% versus a -.6% decline the prior week.
2:00 pm EST
  • The Monthly Budget Statement for April is estimated to fall to $235.0B versus $308.2B in March.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The China CPI report, 10Y T-Note auction, weekly MBA Mortgage Applications report, Canaccord Genuity Metals/Mining Conference and the (AB) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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