Wednesday, January 24, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ALK)/.18
  • (AAL)/.11
  • (BX)/.96
  • (CMCSA)/.79
  • (DOW)/.40
  • (HUM)/.89
  • (MKC)/.79
  • (MBLY)/.27
  • (NEE)/.49
  • (NOC)/5.80
  • (SHW)/1.80
  • (LUV)/.12
  • (STM)/.95
  • (UNP)/2.58
  • (VLO)/2.94
  • (XEL)/.85
After the Close: 
  • (COF)/2.65
  • (FICO)/5.06
  • (INTC)/.45
  • (KLAC)/5.91
  • (LHX)/3.31
  • (OLN)/.20
  • (V)/2.34
  • (WAL)/1.68
  • (WDC)/-1.12
  • (WY)/.14
Economic Releases

8:30 am EST

  • The Chicago Fed National Activity Index for Dec. is estimated to rise to .06 versus .01 in Nov.
  • 4Q GDP QoQ is estimated to rise +2.0% versus +4.9% in 3Q.
  • 4Q Personal Consumption is estimated to rise +2.5% versus a +3.1% gain in 3Q.
  • 4Q GDP Price Index is estimated to rise +2.2% versus a +3.3% gain in 3Q.
  • 4Q Core PCE Price Index QoQ is estimated to rise +2.0% versus a +2.0% gain in 3Q. 
  • The Advance Goods Trade Balance for Dec. is estimated at -$88.7B versus -$89.3B in Nov.
  • Retail Inventories MoM for Dec. is estimated unch. versus a -.1% decline in Nov.
  • Wholesale Inventories MoM for Dec. is estimated to fall -.2% versus a -.2% decline in Nov.
  • Durable Goods Orders for Dec. is estimated to rise +1.5% versus a +5.4% gain in Nov.
  • Durables Ex Transports for Dec. is estimated to rise +.2% versus a +.4% gain in Nov.
  • Cap Goods Orders Non-Defense Ex-Air for Dec. is estimated to rise +.1% versus a +.8% gain in Nov.
  • Initial Jobless Claims for last week is estimated to rise to 200K versus 187K the prior week.
  • Continuing Claims is estimated to rise to 1820K versus 1806K prior.

10:00 am EST

  • New Home Sales MoM for Dec. is estimated to rise to 649K versus 590K in Nov.

11:00 am EST

  • The Kansas City Fed Manufacturing Activity Index for Jan. is estimated to fall to -3.0 versus -1.0 in Dec.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Balance Sheet report, 7Y T-Note auction, weekly EIA natural gas inventory report, (APD) annual meeting, (VVV) annual meeting, (JBL) general meeting, (POST) annual meeting and the (WBA) annual meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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