Wednesday, January 03, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (CAG)/.68
  • (LW)/1.42
  • (LNN)/1.27
  • (RPM)/1.23
  • (SMPL)/.40
  • (WBA)/.63
After the Close: 
  • None of note
Economic Releases

7:30 am EST

  • Challenger Job Cuts YoY for Dec.

8:15 am EST

  • ADP Employment Change for Dec. is estimated to rise to +121K versus +103K in Nov.

8:30 am EST

  • Initial Jobless Claims are estimated to fall to 216K versus 218K the prior week.
  • Continuing Claims are estimated to rise to 1881K versus 1875K prior.

9:45 am EST

  • Final S&P Global US PMI reports for Dec.

11:00 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -3,406,000 barrels versus a -7,114,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -194,000 barrels versus a -669,000 barrel decline the prior week. Distillate inventories are estimated to fall by -112,000 barrels versus a +741,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall -.32% versus a +.9% gain prior.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Balance Sheet report, weekly EIA natural gas inventory report, Goldman Energy/Clean Tech/Utilities Conference and the Goldman C-Suite Healthcare Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

No comments: