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

Earnings of Note 
Company/Estimate 

Before the Open:

• (ATHM)/1.55
• (BBY)/1.23
• (BURL)/1.80
• (CM)/1.79
• (DLTR)/1.54
• (HRL)/.35
• (KSS)/-.19
• (PLAB)/.53
• (RY)/2.77
• (TD)/1.65
• (WB)/.36 

After the Close: 

• (AMBA)/.10
• (AEO)/.12
• (ADSK)/2.84
• (COST)/4.98
• (DELL)/2.96
• (GAP)/.37
• (HQY)/1.11
• (MDB)/1.19
• (NTAP)/2.27
• (OKTA)/.85
• (PD)/.25 

Economic Releases 

8:30 am EST

• Personal Income for April is estimated to rise +.4% versus a +.6% gain in March.
• Personal Spending for April is estimated to rise +.5% versus a +.9% gain in March.  
• The Core PCE Price Index MoM for April is estimated to rise +.3% versus a +.3% gain in March. 
• Initial Jobless Claims for last week is estimated to rise to 211K versus 209K the prior week.
• Continuing Claims is estimated to rise to 1783K versus 1782K prior.
• Durable Goods Orders for April is estimated to rise +4.0% versus a +.8% gain in March.
• Durables Ex Transports for April is estimated to rise +.5% versus a +.9% gain in March.
• Cap Goods Orders Non-Defense Ex-Air for April is estimated to rise +.4% versus a +3.4% gain in March.
• 1Q GDP revisions. 

10:00 am EST

• New Home Sales for April is estimated to fall to 660K versus 682K in March. 

10:30 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory decline of -3,620,200 barrels versus a -7,863,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -2,237,400 barrels versus a -1,548,000 barrel decline the prior week. Distillate inventories are estimated to fall by -1,374,000 barrels versus a +372,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to rise by +.83% versus a -.1% decline prior.  

Upcoming Splits

• None of note

Other Potential Market Movers

• The Fed's Barkin speaking, 7Y T-Note auction, Atlanta Fed GDPNow Q2 update, weekly EIA natural gas inventory report, Fed's weekly balance sheet report, American Society of Clinical Oncology Meeting, Jefferies Software/Internet/AI Conference, BofA Power/Utilities/CleanTech Conference, KeyBanc Industrials/Basic Materials Conference, (ONON) annual meeting, (MOS) annual meeting, (RBLX) annual meeting, (DDS) annual meeting, (H) investor day, (RCL) annual meeting, (FTAI) annual meeting, (FFIV) investor meeting, (DG) annual meeting,  and the TD Cowen Tech/Media/Telecom Conference could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST