Wednesday, August 30, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ASO)/1.99
  • (CPB)/.50
  • (CM)/1.25
  • (CIEN)/.51
  • (DG)/2.47
  • (GCO)/-1.23
  • (HRL)/.41
  • (OLLI)/.61
  • (SIG)/1.45
  • (TITN)/1.17 
  • (UBS)/.51
After the Close: 
  • (AVGO)/10.43
  • (DELL)/1.43
  • (LULU)/2.54
  • (MDB)/.46
  • (OXM)/3.40
  • (PD)/.11
  • (VMW)/1.71
Economic Releases  
7:30 am EST
  • The Challenger Job Cuts YoY report for Aug.

8:30 am EST

  • Initial Jobless Claims for last week are estimated to rise to 235K versus 230K the prior week.
  • Continuing Claims are estimated to rise to 1706K versus 1702K prior.
  • Personal Income for July is estimated to rise +.3% versus a +.3% gain in June.
  • Personal Spending for July is estimated to rise +.7% versus a +.5% gain in June.
  • The PCE Core MoM for July is estimated to rise +.2% versus a +.2% gain in June.

9:45 am EST

  • The MNI Chicago PMI for Aug. is estimated to rise to 44.2 versus 42.8 in July.

Upcoming Splits 

  • (DSGR) 2-for-1
Other Potential Market Movers
  • The China Services PMI report, weekly EIA natural gas inventory report and the Stifel Transport Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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