Wednesday, October 16, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (BMI)/1.11
  • (BX)/.92
  • (CMC)/.91
  • (ELV)/9.66
  • (IRDM)/.20
  • (KEY)/.28
  • (MTB)/3.64
  • (MAN)/1.29
  • (MMC)/1.62
  • (SNA)/4.59
  • (TRV)/3.65
  • (TFC)/.91
After the Close: 
  • (OZK)/1.54
  • (CCK)/1.81
  • (ISRG)/1.64
  • (MRTN)/.08
  • (NFLX)/5.12
  • (WDFC)/1.34
  • (WAL)/1.89
  • (ALK)/2.22
Economic Releases
8:30 am EST
  • Retail Sales Advance MoM for Sept. is estimated to rise +.3% versus a +.1% gain in Aug.
  • Retail Sales Ex Autos MoM for Sept. is estimated to rise +.1% versus a +.1% gain in Aug.
  • Retail Sales Ex Autos and Gas for Sept. is estimated to rise +.3% versus a +.3% gain in Aug.
  • The Philly Fed Business Outlook for Oct. is estimated to rise to 3.0 versus 1.7 in September.
  • Initial Jobless Claims for last week is estimated to rise to 260K versus 258K the prior week.
  • Continuing Claims is estimated to rise to 1868K versus 1861K the prior week.

9:15 am EST

  • Industrial Production MoM for Sept. is estimated to fall -.1% versus a +.8% gain in Aug.
  • Capacity Utilization  for Sept. is estimated to fall to 77.8% versus 78.0% in Aug.
  • Manufacturing Production for Sept. is estimated to fall -.1% versus a +.9% gain in Aug.

10:00 am EST

  • Business Inventories for Aug. is estimated to rise +.3% versus a +.4% gain in July.
  • The NAHB Housing Market Index for Oct. is estimated to rise to 42.0 versus 41.0 in Sept.

11:00 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory gain of +1,496,290 barrels versus a +5,810,000 barrel gain the prior week. Gasoline supplies is estimated to fall by -1,695,860 barrels versus a -6,304,000 barrel decline the prior week. Distillate inventories is estimated to fall by -2,187,710 barrels versus a -3,124,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to fall by -.26% versus a -.9% decline prior.

4:00 pm EST

  • Net Long-Term TIC Flows for Aug.

Upcoming Splits

  • None of note
Other Potential Market Movers
  • The Fed's Goolsbee speaking, Atlanta Fed GDPNow 3Q update, weekly EIA natural gas inventory report, Fed's weekly balance sheet report, (MDU) analyst day and the (CACI) annual meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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