Wednesday, July 12, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (CTAS)/3.19
  • (CAG)/.60
  • (DAL)/2.40
  • (FAST)/.53
  • (PEP)/1.96
  • (PGR)/.84
After the Close: 
  • (WAFD)/.94
Economic Releases  

8:30 am EST

  • PPI Final Demand MoM for June is estimated to rise +.2% versus a -.3% decline in May.
  • PPI Ex Food and Energy MoM for June is estimated to rise +.2% versus a +.2% gain in May.
  • Initial Jobless Claims for last week are estimated to rise to 250K versus 248K the prior week.
  • Continuing Claims are estimated at 1720K versus 1720K prior.

2:00 pm EST

  • The Monthly Budget Deficit for June is estimated at -$184.0B versus -$88.8B in May.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Weller speaking, China Import/Export Prices, 30Y T-Bond auction and the weekly EIA Natural Gas Inventory report could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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