Wednesday, March 20, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ASO)/2.29
  • (ACN)/2.66
  • (DRI)/2.62
  • (FDS)/3.90
  • (SCVL)/.59
  • (TITN)/1.02
  • (WGO)/.85
After the Close: 
  • (AIR)/.84
  • (FDX)/3.44
  • (LULU)/5.00
  • (NKE)/.75
  • (WS)/.84
  • (CMC)/.76
Economic Releases

8:30 am EST

  • The Current Account Balance for 4Q is estimated to widen to -$209.0B versus -$200.3B in 3Q.
  • The Philly Fed Business Outlook for March is estimated to fall to -2.8 versus 5.2 in Feb.
  • Initial Jobless Claims for last week are estimated to rise to 213K versus 209K the prior week.
  • Continuing Claims are estimated to rise to 1820K versus 1811K prior.

9:45 am EST

  • S&P Global US Manufacturing PMI for March is estimated to fall to 51.8 versus 52.2 in Feb.
  • S&P Global US Services PMI for March is estimated to fall to 52.0 versus 52.3 in Feb.
  • S&P Global US Composite PMI for March is estimated to fall to 52.2 versus 52.5 in Feb.

10:00 am EST

  • The Leading Index for Feb. is estimated to fall -.1% versus a -.4% decline in Jan.
  • Existing Home Sales for Feb. is estimated to fall to 3.95M versus 4.0M in Jan.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Barr speaking, Fed's balance sheet report, weekly EIA natural gas inventory report, (KEYS) annual meeting, (CIEN) annual meeting and the (AJG) investor meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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