Tuesday, August 15, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (EAT)/1.32
  • (JD)/4.95
  • (PFGC)/1.14
  • (TGT)/1.43
  • (TJX)/.77
After the Close: 
  • (AVT)/1.65
  • (CSCO)/1.06
  • (SQM)/2.44
  • (SNPS)/2.74
  • (WOLF)/-.20
Economic Releases   
8:30 am EST
  • Housing Starts for July is estimated to rise to 1448K versus 1434K in June.
  • Building Permits for July is estimated to rise to 1466K versus 1440K in June.
  • NY Fed Services Business Activity for Aug.
9:15 am EST
  • Industrial Production MoM for July is estimated to rise +.3% versus a -.5% decline in June.
  • Capacity Utilization for July is estimated to rise to 79.1% versus 78.9% in June.
  • Manufacturing Production for July is estimated unch. versus a -.3% decline in June.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -2,400,000 barrels versus a +5,851,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -1,500,000 barrels versus a -2,661,000 barrel decline the prior week. Distillate inventories are estimated to fall by -780,000 barrels versus a -1,706,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +.4% versus a +1.1% gain prior.

2:00 pm EST

  • July 26 FOMC Meeting Minutes.

Upcoming Splits 

  • (AAON) 3-for-2
Other Potential Market Movers
  • The UK CPI report, Eurozone GDP report 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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