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

Earnings of Note 
Company/Estimate 

Before the Open:

• (SCS)/.10
• (ACN)/3.16
• (CMC)/1.02
• (DRI)/2.61
• (GMS)/2.04
• (JBL)/1.85
• (KR)/1.36
• (WGO)/1.32
  

After the Close: 

• (SWBI)/.35

Economic Releases

8:30 am EST

• The Current Account Deficit for 1Q is estimated to widen to -$206.8B versus -$194.8B in 4Q. 
• Initial Jobless Claims are estimated to fall to 235K versus 242K the prior week.
• Continuing Claims is estimated to fall to 1810K versus 1820K prior.
• Housing Starts for May is estimated to rise to 1370K versus 1360K in April.
• Building Permits for May is estimated to rise to 1450K versus 1440K in April.
• Philly Fed Business Outlook Index for June is estimated to rise to 5.0 versus 4.5 in May.
  

11:00 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,981,830 barrels versus a +3,730,000 barrel gain the prior week. Gasoline supplies are estimated to rise by +617,500 barrels versus a +2,566,000 barrel gain the prior week. Distillate inventories are estimated to rise by +714,500 barrels versus a +881,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall by -.1% versus a -.4% decline prior.
  

Upcoming Splits

• (BBSI) 4-for-1
  

Other Potential Market Movers

• The Fed's Barkin speaking, Atlanta Fed GDPNow 2Q update, weekly MBA Mortgage Applications Index, Fed's weekly balance sheet report, weekly EIA natural gas inventory report, (DAL) annual meeting, (PVH) annual meeting, (BIIB) annual meeting, (DASH) annual meeting, (OKTA) annual meeting, (EBAY) annual meeting, (CAVA) annual meeting, (DLTR) annual meeting and the TD Cowen Genetic Medicines/RNA Summit could also impact global trading on Thursday.

US Equity Market Hours

• 9:30 am - 4:00 pm EST