Tuesday, October 17, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ABT)/1.10
  • (ALLY)/.80
  • (ASML)/4.92
  • (MTB)/3.88
  • (MS)/1.31
  • (NDAQ)/.69
  • (NTRS)/1.50
  • (PG)/1.72
  • (STT)/1.79
  • (TRV)/2.99
  • (USB)/.96
  • (WGO)/1.36
After the Close: 
  • (AA)/-1.06
  • (CCI)/1.80
  • (DFS)/3.18
  • (EFX)/1.78
  • (KMI)/.26
  • (LRCX)/6.15
  • (LVS)/.55
  • (MRTN)/.18
  • (NFLX)/3.49
  • (PPG)/1.94
  • (SLG)/1.26
  • (STLD)/3.54
  • (TSLA)/.72
  • (ZION)/1.11
Economic Releases  

8:30 am EST:

  • Building Permits for Sept. is estimated to fall to 1453K versus 1541K in Aug.
  • Housing Starts for Sept. is estimated to rise to 1383K versus 1283K in Aug.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory gain of +84,800 barrels versus a +10,176,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -627,400 barrels versus a -1,313,000 barrel decline the prior week. Distillate inventories are estimated to fall by -1,288,200 barrels versus a -1,837,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +.1% versus a -1.6% decline prior.

2:00 pm EST

  • Fed's Beige Book report.

Upcoming Splits 

  • (MLI) 2-for-1
Other Potential Market Movers
  • The Fed's Bowman speaking, Fed's Weller speaking, 20Y T-Bond auction, China 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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