Wednesday, June 14, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (JBL)/1.87
  • (KR)/1.46
After the Close: 
  • (ADBE)/3.79
Economic Releases   

8:30 am EST

  • Retail Sales Advance MoM for May is estimated to fall -.2% versus a +.4% gain in April.
  • Retail Sales Ex Autos MoM for May is estimated to rise +.1% versus a +.4% gain in April.
  • Retail Sales Ex Autos and Gas for May is estimated to rise +.2% versus a +.6% gain in April.
  • The Import Price Index MoM for May is estimated to fall -.5% versus a +.4% gain in April.
  • The Import Price Index ex Petrol MoM for May is estimated to fall -.1% versus a -.1% decline in April.
  • The Export Price Index MoM for May is estimated to fall -.1% versus a +.2% gain in April. 
  • Initial Jobless Claims for last week are estimated to fall to 245K versus 261K the prior week.
  • Continuing Claims are estimated to rise to 1768K versus 1757K prior.
  • Empire Manufacturing for June is estimated to rise to -15.1 versus -31.8 in May.
  • The Philly Fed Business Outlook for June is estimated to fall to -14.0 versus a -10.4 reading in May.

9:15 am EST

  • Industrial Production MoM for May is estimated to rise +.1% versus a +.5% gain in April.
  • Capacity Utilization for May is estimated at 79.7% versus 79.7% in April.
  • Manufacturing Production for May is estimated to fall -.1% versus a +1.0% gain in April.

10:00 am EST

  • Business Inventories for April is estimated to rise +.2% versus a -.1% decline in March.

4:00 pm EST

  • Net Long-Term TIC Flows for April.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The ECB decision, China retail sales report, weekly EIA natural gas inventory report, (UIS) investor day, (BRKR) investor day and the RBC Mining/Materials Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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