Wednesday, January 31, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (MO)/1.18
  • (BDX)/2.40
  • (BC)/1.65
  • (CAH)/1.60
  • (ETN)/2.47
  • (HON)/2.59
  • (ITW)/2.41
  • (IP)/.34
  • (MRK)/-.11
  • (PH)/5.26
  • (PTON)/-.54
  • (PBI)/.02
  • (DGX)/2.11
  • (RCL)/1.14
  • (SBH)/.37
  • (SNY)/.17
  • (SIRI)/.08
  • (SWK)/.79
  • (TSCO)/2.22
  • (TT)/2.13
After the Close: 
  • (AMZN)/.80
  • (AAPL)/2.10
  • (BZH)/.71
  • (CLX)/1.09
  • (DECK)/11.45
  • (HUBG)/.52
  • (META)/4.83
  • (MCHP)/1.04
  • (SKYW)/.15
  • (X)/.28
  • (WYNN)/1.14
Economic Releases

7:30 am EST

  • Challenger Job Cuts YoY for Jan.

8:30 am EST

  • 4Q Non-Farm Productivity is estimated to rise +2.5% versus a +5.2% gain in 3Q.
  • 4Q Unit Labor Costs are estimated to rise +1.2% versus a -1.2% decline in 3Q.
  • Initial Jobless Claims for last week are estimated to fall to 212K versus 214K the prior week.
  • Continuing Claims are estimated to rise to 1838K versus 1833K prior.
10:00 am EST
  • Construction Spending MoM for Dec. is estimated to rise +.5% versus a +.4% gain in Nov.
  • ISM Manufacturing for Jan. is estimated at 47.2 versus 47.2 in Dec. 
  • ISM Prices Paid for Jan. is estimated to rise to 46.2 versus 45.2 in Dec.
Afternoon
  • Wards Total Vehicle Sales for Jan. is estimated to fall to 15.7M versus 15.83M in Dec.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The US govt. funding deadline, weekly EIA natural gas inventory report, (DOX) annual meeting, (TXN) business update and the (PSMT) annual meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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