Tuesday, July 18, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ALLY)/.93
  • (ASML)/5.10
  • (BKR)/.33
  • (GS)/3.16
  • (HAL)/.75
  • (MTB)/4.16
  • (NDAQ)/.66
  • (NTRS)/1.62
  • (USB)/1.05
After the Close: 
  • (AA)/-.49
  • (CCI)/2.02
  • (DFS)/3.67
  • (EFX)/1.68
  • (IBM)/2.01
  • (KMI)/.24
  • (LVS)/.44
  • (MRTN)/.29
  • (NFLX)/2.85
  • (SLG)/1.34
  • (STLD)/4.78
  • (TSLA)/.80
  • (UAL)/4.04
  • (WTFC)/2.38
  • (ZION)/1.08
Economic Releases  

8:30 am EST

  • Housing Starts for June is estimated to fall to 1480K versus 1631K in May.
  • Building Permits for June is estimated to rise to 1500K versus 1496K in May.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -2,368,600 barrels versus a +5,946,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -897,200 barrels versus a -4,000 barrel decline the prior week. Distillate inventories are estimated to rise by +584,800 barrels versus a +4,815,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall by -.12% versus a +2.6% gain prior.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The UK CPI report, 20Y T-Bond auction and the weekly MBA Mortgage Applications report could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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