Wednesday, September 20, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (DRI)/1.74
  • (FDS)/3.51
After the Close: 
  • (MANU)/-.04
  • (RAD)/-1.47
Economic Releases  

8:30 am EST

  • The Current Account Deficit for 2Q is estimated to widen to $-220.0B versus -$219.3B in 1Q.
  • Initial Jobless Claims for last week are estimated to rise to 225K versus 220K the prior week.
  • Continuing Claims are estimated to rise to 1692K versus 1688K prior.
  • Philly Fed Business Outlook for Sept. is estimated to fall to -1.0 versus 12.0 in Aug.

10:00 am EST

  • Existing Home Sales for Aug. is estimated to rise to 4.1M versus 4.07M in July.
  • The Leading Index for Aug. is estimated to fall to -.5% versus -.4% in July.

Upcoming Splits 

  • (NVO) 2-for-1
Other Potential Market Movers
  • The BoE rate decision/minutes, weekly EIA natural gas inventory, KeyBanc Investor Conference, (ORCL) CloudWorld 2023, (ADBE) fireside chat, (CRL) investor day and the (MSFT) product event report could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

No comments: