Tuesday, September 26, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (PAYX)/1.12
After the Close: 
  • (FUL)/1.14
  • (JEF)/.33
  • (MU)/-1.15
  • (WOR)/2.04
Economic Releases  

8:30 am EST

  • Durable Goods Orders for Aug. is estimated to fall -.5% versus a -5.2% decline in July. 
  • Durables Ex Transports for Aug. is estimated to rise +.2% versus a +.4% gain in July.
  • Cap Goods Orders Non-Defense Ex-Air for Aug. is estimated to rise +.1% versus a +.1% gain in July.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -600,000 barrels versus a -2,136,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -140,000 barrels versus a -831,000 barrel decline the prior week. Distillate inventories are estimated to fall by -640,000 barrels versus a -2,867,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to fall by -.46% versus a -1.8% decline prior.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Eurozone Consumer Confidence report, 5Y T-Note auction, weekly MBA Mortgage Applications report, (MU) analyst call and the RBC Communications Infrastructure Conference, (GNRC) investor day, (WDAY) analyst day and the (JKS) business update could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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