Tuesday, September 12, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (CBRL)/1.61
After the Close: 
  • (SMTC)/.02
Economic Releases  

8:30 am EST

  • The CPI MoM for Aug. is estimated to rise +.6% versus a +.2% gain in July.
  • The CPI Ex Food and Energy MoM for Aug. is estimated to rise +.2% versus a +.2% gain in July.
  • Real Avg. Weekly Earnings YoY for Aug.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,993,670 barrels versus a -6,307,000 barrel decline the prior week. Gasoline inventories are estimated to fall by -535,830 barrels versus a -2,666,000 barrel decline the prior week. Distillate inventories are estimated to rise by +610,500 barrels versus a +679,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall by -.52% versus a -.2% decline prior.

2:00 pm EST

  • The Monthly Budget Statement for Aug. is estimated at -$230.0B versus -$219.6B in July.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The UK Industrial Production report, 30Y T-Note auction, weekly MBA Mortgage Applications report, BofA Media/Communications/Entertainment Conference, (MRNA) R&D day, (AI) Defense Forum and the (YUMC) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

No comments: