Wednesday, June 26, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (AYI)/4.08
  • (APOG)/1.04
  • (LNN)/1.17
  • (MKC)/.59
  • (SMPL)/.48
  • (WBA)/.68
After the Close: 
  • (ACCD)/-.48
  • (NKE)/.84
Economic Releases

8:30 am EST

  • 1Q GDP Annualized QoQ is estimated to rise +1.4% versus a prior estimate of a +1.3% gain.
  • 1Q Personal Consumption is estimated to rise +2.0% versus a prior estimate of a +2.0% gain.
  • 1Q Core PCE Price Index QoQ is estimated to rise +3.6% versus a prior estimate of a +3.6% gain.
  • Advance Goods Trade Balance for May is estimated at -$96.0B versus -$99.4B in April.
  • Wholesale Inventories MoM for May is estimated to rise +.1% versus a +.1% gain in April.
  • Retail Inventories MoM for May is estimated to rise +.3% versus a +.7% gain in April.
  • Initial Jobless Claims are estimated to fall to 235K versus 238K the prior week.
  • Continuing Claims are estimated to rise to 1829K versus 1828K prior.
  • Durable Goods Orders for May is estimated to fall -.4% versus a +.6% gain in April.
  • Durables Ex Transports for May is estimated to rise +.2% versus a +.4% gain in April.
  • Cap Goods Orders Non-Defense Ex-Air for May is estimated to rise +.1% versus a +.2% gain in April.

10:00 am EST

  • Pending Home Sales MoM for May is estimated to rise +.5% versus a -7.7% decline in April.

11:00 am EST

  • The Kansas City Fed Manufacturing Activity Index for June is estimated to fall to -5 versus -2 in May.

Upcoming Splits

  • None of note
Other Potential Market Movers
  • The US presidential debate after close, Atlanta Fed GDPNow 2Q update, Fed Bank Stress Test Results after close, weekly EIA natural gas inventory report, (DELL) annual meeting, (AEO) annual meeting, (KR) annual meeting, (CRM) annual meeting, (RH) annual meeting and the (AVAV) investor day could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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