Tuesday, December 05, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (BF/B)/.51
  • (CPB)/.87
  • (KFY)/.95
  • (OLLI)/-.45
  • (THO)/.96
  • (UNFI)/-.32
After the Close: 
  • (AI)/-.18
  • (CHPT)/-.31
  • (CHWY)/-.06
  • (GME)/-.08
  • (OXM)/.96
  • (SMTC)/-.15
  • (VRNT)/.60
Economic Releases
8:15 am EST
  • The ADP Employment Change report for Nov. is estimated to rise to 130K versus 113K in Oct. 

8:30 am EST

  • Final Non-Farm Productivity/Unit Labor Cost readings for 3Q. 
  • The Trade Balance report for Oct. is estimated to widen to -$64.2B from -$61.5B in Sept.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -567,750 barrels versus a +1,610,000 barrel gain the prior week. Gasoline supplies are estimated to rise by +1,008,750 barrels versus a +1,764,000 barrel gain the prior week. Distillate inventories are estimated to rise by +1,060,750 barrels versus a +5,217,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to rise by +.95% versus a +2.8% gain prior.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The weekly MBA Mortgage Applications report, Barclays Tech Conference, Goldman Sachs Financial Services Conference, Wolfe Research Small/Mid-Cap Conference, Morgan Stanley Consumer/Retail Conference, Barclays TMT Conference, (XOM) analyst meeting, (MCD) investor meeting. (CSCO) annual meeting and the Singular Research Best of the Uncovered Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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