Tuesday, March 14, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open: 
  • (EBIX)/.46
  • (PLCE)/-4.09
After the Close: 
  • (ADBE)/3.68
  • (FIVE)/3.07
  • (GRPN)/-.36
  • (PD)/.02

Economic Releases 

8:30 am EST
  • PPI Final Demand MoM for Feb. is estimated to rise +.3% versus a +.7% gain in Jan.
  • PPI Ex Food and Energy MoM for Feb. is estimated to rise +.4% versus a +.5% gain in Jan.
  • PPI Final Demand YoY for Feb. is estimated to rise +5.4% versus a +6.0% gain in Jan.
  • Empire Manufacturing for March is estimated to fall to -7.8 versus -5.8 in Feb.
  • Retail Sales Advance MoM for Feb. is estimated to fall -.4% versus a +3.0% gain in Jan.
  • Retail Sales Ex Autos MoM for Feb. is estimated unch. versus a +2.3% gain in Jan.
  • Retail Sales Ex Autos and Gas for Feb. is estimated to fall -.2% versus a +1.7% gain in Jan.
10:00 am EST
  • Business Inventories for Jan. is estimated unch. versus a +.3% gain in Dec.
  • The NAHB Housing Market Index for March is estimated to fall to 40.0 versus 42.0 in Feb.
10:30 am EST
  • Bloomberg consensus estimates call for a weekly crude oil inventory gain of +416,860 barrels versus a -1,694,000 barrel decline the prior week. Gasoline supplies are estimated to fall -1,402,430 barrels versus a -1,134,000 barrel decline the prior week. Distillate inventories are estimated to fall by -1,262,000 barrels versus a +138,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to rise by +.36% versus a +.2% gain prior.
4:00 pm EST
  • Net Long-Term TIC Flows for Jan.
Upcoming Splits
  • None of note
Other Potential Market Movers
  • The UK CPI report, weekly MBA Mortgage Applications report and the UBS Consumer/Retail Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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