Tuesday, June 25, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (GIS)/.99
  • (PAYX)/1.10
  • (UNF)/1.86
After the Close: 
  • (AVAV)/.21
  • (FUL)/1.03
  • (JEF)/.63
  • (LEVI)/.11
  • (MU)/.48
  • (MLKN)/.54
  • (WS)/.76
Economic Releases

10:00 am EST

  • New Home Sales for May is estimated to fall to 633K versus 644K in April.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -2,381,140 barrels versus a -2,547,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -1,298,860 barrels versus a -2,280,000 barrel decline the prior week. Distillate inventories are estimated to fall by -620,430 barrels versus a -1,726,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +.01% versus a -1.5% decline prior.

Upcoming Splits

  • (CMG) 50-for-1
Other Potential Market Movers
  • The Bank Stress Test results, 5Y T-Note auction, weekly MBA Mortgage Applications report, Oppenheimer Consumer Growth/E-Commerce Conference, (NVDA) annual meeting, (HOOD) annual meeting and the (TDG) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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