Tuesday, January 30, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (APTV)/1.33
  • (ADP)/2.10
  • (BA)/-.78
  • (BSX)/.51
  • (EAT)/.96
  • (GSK)/.74
  • (GPI)/10.44
  • (HES)/1.45
  • (MA)/3.08
  • (ODFL)/2.85
  • (PSX)/2.35
  • (ROK)/2.64
  • (TMO)/5.64
  • (TRI)/.91
After the Close: 
  • (AFL)/1.45
  • (AEM)/.46
  • (ALGN)/2.16
  • (AVB)/2.74
  • (BOOT)/1.79
  • (CHRW)/.80
  • (CP)/1.11
  • (CNMD)/1.11
  • (FLEX)/.45
  • (KLIC)/.26
  • (LSTR)/1.62
  • (MET)/1.92
  • (QCOM)/2.37
  • (PGR)/2.34
  • (OTIS)/.86
  • (VSTO)/.81
Economic Releases

8:15 am EST

  • The ADP Employment Change for Jan. is estimated to fall to 150K versus 164K in Dec.
  • The Employment Cost Index for 4Q is estimated to rise +1.0% versus a +1.1% gain in 3Q.

9:45 am EST

  • The MNI Chicago PMI for Jan. is estimated to rise to 48.0 versus 47.2 in Dec.
10:30 am EST
  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -225,200 barrels versus a -9,233,000 barrel decline the prior week. Gasoline supplies are estimated to rise by +2,339,600 barrels versus a +4,912,000 barrel gain the prior week. Distillate inventories are estimated to fall by -347,200 barrels versus a -1,417,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +1.5% versus a -7.1% decline prior.
2:00 pm EST
  • The FOMC is expected to leave the benchmark Fed Funds rate at 5.25-5.5%.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The FOMC Press Conference, weekly MBA Mortgage Applications report, Texas Service Sector Outlook for Jan., (SAGE) shareholders meeting and the (ACN) general meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

No comments: