Tuesday, October 31, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (AVA)/.14
  • (BLCO)/.19
  • (EAT)/.06
  • (GOOS)/-.16
  • (CVS)/2.13
  • (DD)/.84
  • (EL)/-.21
  • (FDP)/.42
  • (GNRC)/1.55
  • (GSK)/1.11
  • (HUM)/7.16
  • (IDXX)/2.37
  • (KHC)/.66
  • (NCLH)/.68
  • (SMG)/-2.88
  • (SPWR)/-.01
  • (WAY)/-.48
  • (WING)/.52
  • (YUM)/1.27
After the Close: 
  • (AFL)/1.49
  • (ABNB)/2.11
  • (ALB)/3.77
  • (ALL)/.45
  • (CAR)/14.18
  • (BXP)/1.84
  • (CHRW)/.81
  • (CF)/1.02
  • (CAKE)/.43
  • (CLX)/-.24
  • (CTSH)/1.09
  • (DASH)/-.40
  • (ELF)/.53
  • (EIX)/1.44
  • (EA)/1.25
  • (ETSY)/.50
  • (EXAS)/-.47
  • (HLF)/.73
  • (HST)/.35
  • (IR)/.69
  • (LMND)/-.94
  • (MTW)/.06
  • (MRO)/.72
  • (MCK)/6.13
  • (MET)/1.95
  • (MSTR)/.30
  • (MDLZ)/.78
  • (PYPL)/1.23
  • (PRU)/3.13
  • (QCOM)/1.91
  • (ROKU)/-2.04
  • (STAA)/.13
  • (RGR)/.88
  • (SUM)/.75
  • (SMCI)/3.27
  • (WERN)/.49
  • (WMB)/.41
  • (ZG)/.22
Economic Releases

8:15 am EST

  • The ADP Employment Change for Oct. is estimated to rise to 150K versus 89K in Sept.

10:00 am EST

  • Construction Spending MoM for Sept. is estimated to rise +.4% versus a +.5% gain in Aug.
  • JOLTS Job Openings for Sept. is estimated to fall to 9400K versus 9610K in Aug.
  • ISM Manufacturing for Oct. is estimated at 49.0 versus 49.0 in Sept.
  • ISM Prices Paid for Oct. is estimated to rise to 45.0 versus 43.8 in Sept.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory build of +1,480,800 barrels versus a +1,372,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -593,200 barrels versus a +156,000 barrel gain the prior week. Distillate inventories are estimated to fall by -1,584,000 barrels versus a -1,686,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +.28% versus a -.5% decline prior.

2:00 pm EST

  • The FOMC is expected to leave the benchmark Fed Funds Rate at 5.25-5.5%.

Afternoon:

  • Wards Total Vehicle Sales for Oct. is estimated to fall to 15.6M versus 15.67M in Sept.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The FOMC press conference, weekly MBA Mortgage Applications report and the (KLAC) annual meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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