Tuesday, March 19, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (BNTX)/2.37
  • (GIS)/1.05
  • (JKS)/18.16
  • (OLLI)/1.16
  • (SIG)/6.37
After the Close: 
  • (BB)/-.04
  • (CHWY)/-.04
  • (FIVE)/3.78
  • (GES)/1.56
  • (KBH)/1.57
  • (MU)/-.25
  • (SCS)/.21
  • (WOR)/.69
Economic Releases

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -732,800 barrels versus a -1,536,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -2,336,400 barrels versus a -5,662,000 barrel decline the prior week. Distillate inventories are estimated to fall by -269,400 barrels versus an +888,000 barrel gain prior. Finally, Refinery Utilization is estimated to rise by +.7% versus a +1.9% gain 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, BofA Industrials Conference, Citi Consumer Conference, (SNPS) investor day, (BF/B) investor day, (AVGO) investor meeting and the KeyBanc Life Sciences/MedTech Forum could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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