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

Earnings of Note 
Company/Estimate 

Before the Open:

• (GMS)/1.11
• (KFY)/1.26 

After the Close: 

• (SWBI)/.23

Economic Releases

8:30 am EST

• Housing Starts for May is estimated to fall to 1350K versus 1361K in April. 
• Building Permits for May is estimated to rise to 1425K versus 1422K in April.
• Initial Jobless Claims for last week is estimated at 245K versus 248K the prior week.
• Continuing Claims is estimated to fall to 1940K versus 1956K prior. 

10:30 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,840,600 barrels versus a -3,644,000 barrel decline the prior week. Gasoline supplies is estimated to rise by +883,200 barrels versus a +1,504,000 barrel gain the prior week. Distillate inventories is estimated to rise by +724,400 barrels versus a  

2:00 pm EST

• The FOMC is expected to leave the benchmark Fed Funds rate at 4.25-4.5%. 

4:00 pm EST  

• Net Long-Term TIC Flows for April.

Upcoming Splits

• (IBKR) 4-for-1

Other Potential Market Movers

• The Atlanta Fed GDPNow Q2 update, weekly MBA Mortgage Applications report, (DAL) annual meeting, (ADSK) annual meeting, (COIN) annual meeting, (CRWD) annual meeting, (VSCO) annual meeting and the Jefferies Consumer Conference could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST