Tuesday, August 22, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (AAP)/1.69
  • (BBWI)/.33
  • (DY)/1.66
  • (PTON)/-.40
  • (WSM)/2.71 
  • (FL)/.04
  • (ADI)/2.52
  • (KSS)/.23
  • (ANF)/.17
After the Close: 
  • (SNOW)/.10
  • (ZUO)/.04
  • (ADSK)/1.73
  • (SPLK)/.46
  • (GES)/.40
  • (NVDA)/2.08
Economic Releases   
9:45 am EST
  • The S&P Global US Manufacturing PMI for Aug. is estimated at 49.0 versus 49.0 in July.
  • The S&P Global US Services PMI for Aug. is estimated to fall to 52.0 versus 52.3 in July.
  • The S&P Global US Composite PMI for Aug. is estimated to fall to 51.5 versus 52.0 in July.
10:00 am EST
  • New Home Sales for July is estimated to rise to 704K versus 697K in June.
10:30 am EST
  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -2,873,000 barrels versus a -5,960,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -715,500 barrels versus a -262,000 barrel decline the prior week. Distillate inventories are estimated to rise by +566,500 barrels versus a +296,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to rise by +.38% versus a +.9% gain prior.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Eurozone Services PMI report, 20Y T-Bond auction and 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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