Tuesday, November 28, 2023

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ROAD)/.52
  • (DLTR)/1.01
  • (DCI)/.72
  • (FTCH)/-.17
  • (FL)/.21
  • (HRL)/.44
  • (PDCO)/.59
  • (WOOF)/.02
After the Close: 
  • (FIVE)/.23
  • (LZB)/.62
  • (OKTA)/.30
  • (PVH)/2.74
  • (CRM)/2.05
  • (SNOW)/.16
  • (SNPS)/3.04
  • (VSCO)/-.78
  • (ZUO)/.03
Economic Releases

8:30 am EST

  • The Advance Goods Trade Balance report for Oct. is estimated at -$86.5B versus -$86.8B in Sept.
  • Wholesale Inventories MoM for Oct. is estimated to rise +.2% versus a +.2% gain in Sept.
  • Retail Inventories MoM for Oct. is estimated to rise +.6% versus a +.9% gain in Sept.
  • 3Q GDP revisions.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory gain of +19,830 barrels versus a +8,700,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -371,170 barrels versus a +750,000 barrel gain the prior week. Distillate inventories are estimated to fall by -1,047,330 barrels versus a -1,018,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +.98% versus a +.9% gain prior.
2:00 pm EST
  • Federal Reserve Beige Book release.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Mester speaking, weekly MBA Mortgage Applications report, Q3 Corporate Profits report, Wells Fargo TMT Summit, Evercore ISI Health Conference, UBS Tech/Media/Telecom Conference, Citi Basic Materials Conference, UBS Industrials Summit, Bernstein Industrials Forum, Barclays Eat/Sleep/Play Conference, (SEE) general meeting, (GM) business update, (UNH) investor meeting and the Barclays Automotive/Mobility Tech Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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