Tuesday, June 27, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (GIS)/1.07
After the Close: 
  • (BB)/-.06
  • (FUL)/1.04
  • (MU)/-1.61
  • (FIZZ)/.38
  • (WOR)/1.90
Economic Releases   
8:30 am EST
  • Advance Good Trade Balance for May is estimated at -$93.8B versus -$96.8B in April.
  • Wholesale Inventories MoM for May is estimated to fall -.1% versus a -.1% decline in April.
  • Retail Inventories MoM for May is estimated to rise +.2% versus a +.2% gain in April.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,266,430 barrels versus a -3,831,000 barrel decline the prior week. Gasoline supplies are estimated to rise by +59,860 barrels versus a +479,000 barrel gain the prior week. Distillate inventories are estimated to rise by +240,430 barrels versus a +434,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to rise by +.23% versus a -.6% decline prior.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Powell speaking, Italian PPI report, 7Y T-Note auction, weekly MBA Mortgage Applications report, (LOW) fireside chat, (AGCO) tech event and the (CP) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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