Tuesday, February 27, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (AAP)/.21
  • (BIDU)/17.55
  • (DCI)/.74
  • (EME)/3.55
  • (ODP)/.74
  • (PDCO)/.60
  • (TJX)/1.12
  • (VIPS)/5.03
  • (WRBY)/.01
After the Close: 
  • (AMC)/-.57
  • (AI)/-.28
  • (DUOL)/.04
  • (FWRD)/.98
  • (HPQ)/.81
  • (JAZZ)/5.18
  • (MYRG)/1.50
  • (OKTA)/.51
  • (CRM)/2.27
  • (SNOW)/.18
  • (SQM)/1.09
  • (DLTR)/2.66
  • (NTES)/12.19
  • (WB)/.50
Economic Releases

8:30 am EST

  • 4Q GDP revisions.
  • Advance Goods Trade Balance for Jan. is estimated to widen to -$88.5B versus -$87.9B in Dec.
  • Retail Inventories MoM for Jan. is estimated to rise +.4% versus a +.8% gain in Dec.  
  • Wholesale Inventories MoM for Jan. is estimated to rise +.2% versus a +.4% gain in Dec.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory gain of +2,563,400 barrels versus a +3,514,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -2,347,000 barrels versus a -293,000 barrel decline the prior week. Distillate inventories are estimated to fall by -2,385,800 barrels versus a -4,008,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +1.2% versus unch. prior.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Williams speaking, Fed's Collins speaking, Fed's Bostic speaking, weekly MBA Mortgage Applications report, (RYN) investor day, (AAPL) general meeting, (LPX) investor day, (DE) annual meeting, BofA Ag/Materials Conference, Susquehanna Tech Conference and the BMO Metals/Mining/Critical Minerals Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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