Tuesday, November 26, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (FRO)/.36
  • (PDCO)/.49
After the Close: 
  • None of note
Economic Releases
8:30 am EST
  • 3Q GDP updates. 
  • The Advance Goods Trade Deficit for Oct. is estimated at -$102.6B versus -$108.2B in Sept.
  • Wholesale Inventories MoM for Oct. is estimated to rise +.1% versus a -.2% decline in Sept.
  • Retail Inventories MoM for Oct. is estimated to rise +.5% versus a +.8% gain in Sept.
  • Durable Goods Orders for Oct. is estimated to rise +.5% versus a -.7% decline in Sept.
  • Durables Ex Transports for Oct. is estimated to rise +.1% versus a +.5% gain in Sept.
  • Cap Goods Orders Non-Defense Ex Air for Oct. is estimated to rise +.1% versus a +.7% gain in Sept.
  • Initial Jobless Claims for last week is estimated to rise to 215K versus 213K the prior week.
  • Continuing Claims is estimated to fall to 1893K versus 1908K prior.

9:45 am EST

  • MNI Chicago PMI for Nov. is estimated to rise to 45.0 versus 41.6 in Oct.

10:00 am EST

  • Personal Income for Oct. is estimated to rise +.3% versus a +.3% gain in Sept.
  • Personal Spending for Oct. is estimated to rise +.4% versus a +.5% gain in Sept.
  • The Core PCE Price Index MoM for Oct. is estimated to rise +.3% versus a +.3% gain in Sept.
  • Pending Home Sales MoM for Oct. is estimated to fall -2.0% versus a +7.4% gain in Sept.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -521,670 barrels versus a +545,000 barrel gain the prior week. Gasoline supplies is estimated to fall by -390,000 barrels versus a +2,054,000 barrel gain the prior week. Distillate inventories are estimated to fall by -46,670 barrels versus a -114,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to fall by -.08% versus a -1.2% decline prior.

Upcoming Splits

  • None of note
Other Potential Market Movers
  • The 7Y T-Note auction, weekly MBA Mortgage Applications report, weekly EIA natural gas inventory report, weekly US Baker Hughes Rig Count and the (SEE) annual meeting  could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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