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

Earnings of Note 
Company/Estimate 

Before the Open:

• (AEM)/1.78
• (MO)/1.39
• (ARCB)/1.47
• (ADP)/2.23
• (BG)/1.09
• (CHKP)/2.36
• (CHEF)/.46
• (FSS)/1.06
• (GRMN)/1.90
• (GNRC)/1.32
• (GSK)/1.17
• (HOG)/.96
• (HSY)/.99
• (HUM)/5.92
• (ITW)/2.56
• (ODFL)/1.28
• (SMG)/2.26
• (STRA)/1.43
• (TW)/.86
• (UBS)/.71
• (VFC)/-.34
• (VRT)/.83
• (WING)/.87 
• (BABA)/15.51
• (ALL)/3.25 

After the Close: 

• (ALB)/-.79
• (ALGN)/2.57
• (ARM)/.35
• (AVB)/2.81
• (CHRW)/1.16
• (CVNA)/1.17
• (CGNX)/.24
• (EBAY)/1.30
• (FFIV)/3.51
• (FE)/.49
• (F)/.33
• (GH)/-.72
• (LRCX)/1.21
• (META)/5.88
• (MGM)/.57
• (MSFT)/3.38
• (MOD)/.92
• (MYRG)/1.52
• (PPC)/1.57
• (PBI)/.28
• (PRU)/3.22
• (QTWO)/.52
• (QCOM)/2.71
• (HOOD)/.31
• (SFM)/1.24
• (RGR)/.38
• (TTMI)/.52
• (WDC)/1.48 

Economic Releases 

8:15 am EST

• The ADP Employment Change for July is estimated to rise to 75K versus -33K in June. 

8:30 am EST

• The US Treasury Quarterly Refunding Announcement.
• 2Q GDP is estimated to rise +2.5% versus a -.5% decline in 1Q.
• 2Q Personal Consumption is estimated to rise +1.5% versus a +.5% gain in 1Q.
• 2Q GDP Price Index is estimated to rise +2.2% versus a +3.8% gain in 1Q.
• The Core PCE Price Index QoQ is estimated to rise +2.3% versus a +3.5% gain in 1Q. 

10:00 am EST

• Pending Home Sales MoM for June is estimated to rise +.2% versus a +1.8% gain in May.

10:30 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,979,330 barrels versus a -3,169,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -973,330 barrels versus a -1,738,000 barrel decline the prior week. Distillate inventories are estimated to rise by +17,170 barrels versus a +2,931,00 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall -.28% versus a +1.6% gain prior.

2:00 pm EST

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

Upcoming Splits

• None of note

Other Potential Market Movers

• The FOMC press conference, weekly MBA Mortgage Applications report, Goldman Sachs AI Symposium, Alzheimers Assoc. Intl. Conference and the (MCK) annual meeting could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST