Wednesday, August 28, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (FLWS)/-.27
  • (AEO)/.38
  • (BBY)/1.16
  • (BF/B)/.45
  • (BURL)/.96
  • (CPB)/.62
  • (DG)/1.79
  • (OLLI)/.78
  • (TITN)/.29
After the Close: 
  • (ADSK)/2.00
  • (DELL)/1.71
  • (GAP)/.41
  • (LULU)/2.94
  • (MRVL)/.30
  • (MDB)/.49
  • (ULTA)/5.47
  • (OXM)/3.04
  • (SSYS)/-.05
Economic Releases

8:30 am EST

  • 2Q GDP revisions.
  • The Advance Goods Trade Balance for July is estimated at -$97.9B versus $96.8B in June.
  • Wholesale Inventories MoM for July is estimated to rise +.3% versus a +.2% gain in June.
  • Retail Inventories MoM for July is estimated to rise +.5% versus a +.7% gain in June.
  • Initial Jobless Claims for last week is estimated at 232K versus 232K the prior week. 
  • Continuing Claims is estimated to rise to 1870K versus 1870K prior.

10:00 am EST

  • Pending Home Sales MoM for July is estimated to rise +.2% versus a +4.8% gain in June.

Upcoming Splits

  • None of note
Other Potential Market Movers
  • The Fed's Bostic speaking, 7Y T-Note auction, Fed's weekly balance sheet report, weekly EIA natural gas inventory report, Deutshe Bank Tech Conference, (DDD) annual meeting, (DOCS) annual meeting and the (SHW) investor meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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