Wednesday, June 21, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ACN)/3.01
  • (CMC)/1.84
  • (DRI)/2.54
  • (FDS)/3.61
After the Close: 
  • (SWBI)/.29
Economic Releases   
8:30 am EST
  • The Chicago Fed National Activity Index for May is estimated to fall to -.1 versus +.07 in April.
  • The Current Account Balance for 1Q is estimated at -$217.1B versus -$206.8B in 4Q.
  • Initial Jobless Claims for last week are estimated to fall to 258K versus 262K the prior week.
  • Continuing Claims are estimated to rise to 1785K versus 1775K prior.
10:00 am EST
  • Existing Home Sales for May is estimated to fall to 4.25M versus 4.28M in April.
  • The Leading Index for May is estimated to fall -.8% versus a -.6% decline in April.
11:00 am EST
  • The Kansas City Fed Manufacturing Activity  Index for June is estimated to fall to -5.0 versus -1.0 in May.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Powell testifying to Senate, Fed's Mester speaking, BofE rate decision, Australia GDP report, weekly EIA natural gas inventory report and the (AI) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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