Tuesday, April 02, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (AYI)/3.17
After the Close: 
  • (BB)/-.04
  • (LNN)/1.56
  • (RPM)/.46
  • (CAG)/.65
Economic Releases
8:15 am EST
  • The ADP Employment Change for March is estimated to rise to 150K versus 140K in Feb.
10:00 am EST
  • The ISM Services Index for March is estimated to rise to 52.8 versus 52.6 in Feb.
  • The ISM Services Prices Paid Index for March is estimated to fall to 57.6 versus 58.6 in Feb.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory gain of 9,400 barrels versus a +3,165,000 barrel gain the prior week. Gasoline supplies are estimated to fall to -453,200 barrels versus a +1,299,000 barrel gain the prior week. Distillate inventories are estimated to rise to -663,600 barrels versus a -1,185,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise +.34% versus a +.9% gain prior.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Powell speaking, Fed's Goolsbee speaking, Fed's Williams speaking, Fed's Bowman speaking, Fed's Kugler speaking, Fed's Barr speaking, OPEC meeting, weekly MBA Mortgage Applications report, (SLB) annual meeting, (DIS) annual meeting and the JPMorgan Retail Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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