Tuesday, May 21, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ADI)/1.26
  • (WOOF)/-.06
  • (TGT)/2.06
  • (TJX)/.88
  • (WSM)/2.74
After the Close: 
  • (NVDA)/5.60
  • (SNOW)/.18
  • (SQM)/.58
  • (SNPS)/3.05
  • (VFC)/.02
  • (ELF)/.33
  • (GES)/-.39
Economic Releases
10:00 am EST
  • Existing Home Sales for April is estimated to rise to 4.22M versus 4.19M in March.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,922,00 barrels versus a -2,508,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -1,156,570 barrels versus a -235,000 barrel decline the prior week. Distillate inventories are estimated to fall by -3,000,290 barrels versus a -45,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise by +.63% versus a +1.9% gain prior.

2:00 pm EST

  • The May 1 FOMC Meeting Minutes.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The 20Y Bond auction, weekly MBA Mortgage Applications report, TD Cowen Sustainability/Energy Transition Summit, Wolfe Transport/Industrials Conference, JPMorgan Tech/Media/Communications Conference, (AAP) annual meeting, (CAR) annual meeting, (JLL) annual meeting, (THC) annual meeting, (SCHW) investor day, (CCI) annual meeting, (MCD) annual meeting, (AMZN) annual meeting, (PYPL) annual meeting, (MSTR) annual meeting, (ALGN) annual meeting, (SCHW) annual meeting, (WING) annual meeting, (JWN) annual meeting, (ZTS) annual meeting, B. Riley Investor Conference and the Jefferies Auto Aftermarket Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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