Tuesday, March 05, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ANF)/2.83
  • (BF/B)/.56
  • (CPB)/.77
  • (FL)/.32
  • (JD)/4.81
  • (KFY)/.99
  • (THO)/.67
  • (UNFI)/-.02
After the Close: 
  • (VSCO)/2.46
Economic Releases

8:15 am EST

  • The ADP Employment Change for Feb. is estimated to rise to 150K versus 107K in Jan.

10:00 am EST

  • The JOLTS Job Openings for Jan. is estimated to fall to 8850K versus 9026K in Dec.
  • Wholesale Trade Sales MoM for Jan. is estimated to rise +.3% versus a +.7% gain in Dec.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory gain of +1,720,250 barrels versus a +4,199,000 barrel gain the prior week. Gasoline supplies are estimated to fall by -1,059,750 barrels versus a -2,832,000 barrel decline the prior week. Distillate inventories are estimated to fall by -331,500 barrels versus a -510,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +1.0% versus a +.9% gain prior.

2:00 pm EST

  • The Fed's Beige Book report.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Daly speaking, Fed's Powell speaking, weekly MBA Mortgage Applications report, BofA Power/Utilities/Clean Energy Conference, Cowen Health Care Conference, KeyBanc Emerging Tech Summit, RBC Financial Institutions Conference, (TDG) annual meeting and the Morgan Stanley Tech/Media/Telecom Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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