Tuesday, November 21, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (DE)/7.46
After the Close: 
  • None of note
Economic Releases

8:30 am EST

  • Initial Jobless Claims for last week is estimated to fall to 228K versus 231K the prior week.
  • Continuing Claims is estimated to rise to 1875K versus 1865K prior.
  • Durable Goods Orders for Oct. is estimated to fall -3.2% versus a +4.6% gain in Sept.
  • Durables Ex Transports for Oct. is estimated to rise +.1% versus a +.4% gain in Sept.
  • Cap Goods Orders Non-Defense Ex-Air for Oct. is estimated to rise +.1% versus a +.5% gain in Sept.

10:00 am EST

  • Final Univ. of Mich. Sentiment readings.
10:30 am EST
  • Bloomberg consensus estimates call for a weekly crude oil inventory gain of +510,170 barrels versus a +3,592,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -745,170 barrels versus a -1,540,000 barrel decline the prior week. Distillate inventories are estimated to fall by -862,330 barrels versus a -1,422,000 decline the prior week. Finally, Refinery Utilization is estimated to rise by +.7% versus a +.9% gain prior.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The weekly MBA Mortgage Applications report, weekly EIA natural gas inventory report, Baker Hughes Oil Rig Count and the Atlanta Fed 4Q GDPNow update could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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