Tuesday, December 19, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (GIS)/1.16
  • (TTC)/.56
  • (WGO)/1.18
After the Close: 
  • (BB)/-.04
  • (MU)/-1.01
  • (MLKN)/.54
Economic Releases

8:30 am EST

  • The Current Account Deficit for 3Q is estimated at -$196.0B versus -$212.1B in 2Q.

10:00 am EST

  • Existing Home Sales for Nov. is estimated to fall to 3.78M versus 3.79M in Oct.
  • Conference Board Consumer Confidence for Dec. is estimated to rise to 104.5 versus 102.0 in Nov.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -2,354,830 barrels versus a -4,258,000 barrel decline the prior week. Gasoline supplies are estimated to rise by +876,500 barrels versus a +409,000 barrel gain the prior week. Distillate inventories are estimated to rise by +397,000 barrels versus a +1,494,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to rise by +.3% versus a -.3% decline prior.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The German PPI report, 20Y T-Bond auction, weekly MBA Mortgage Applications report and the (AZO) annual meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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