Tuesday, August 13, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (EAT)/1.72
  • (CAH)/1.73
  • (DOLE)/.43
  • (PFGC)/1.37
  • (UBS)/.29
After the Close: 
  • (CSCO)/.85
  • (LITE)/.02
  • (JD)/6.24
Economic Releases

8:30 am EST

  • The CPI MoM for July is estimated to rise +.2% versus a -.1% decline in June.
  • The CPI Ex Food and Energy MoM for July is estimated to rise +.2% versus a +.1% gain in June.
  • Real Avg. Weekly Earnings YoY for July.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -856,670 barrels versus a -3,728,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -1,626,670 barrels versus a +1,340,000 barrel gain the prior week. Distillate inventories are estimated to fall by -77,330 barrels versus a +949,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall by -.15% versus a +.4% gain prior.

Upcoming Splits

  • None of note
Other Potential Market Movers
  • The weekly MBA Mortgage Applications report, Cleveland CPI MoM for July, Thomson Reuters IPSOS PCSI for Aug., Canaccord Genuity Growth Conference, Oppenheimer Tech Conference and the Needham FinTech/Digital Transformation Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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