Tuesday, May 07, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (CHH)/1.14
  • (SATS)/-.20
  • (EMR)/1.25
  • (FOXA)/.96
  • (STWD)/.46
  • (UBER)/.22
  • (VSH)/.22
  • (WWW)/.00
After the Close: 
  • (ABNB)/.23
  • (APP)/.57
  • (ARM)/.30
  • (BGS)/.21
  • (BYND)/-.67
  • (CAKE)/.63
  • (DUOL)/.27
  • (CART)/-.02
  • (JXN)/3.75
  • (NWSA)/.11
  • (HOOD)/.06
  • (RGLD)/.92
  • (STE)/2.35
  • (TTD)/.22
  • (VZIO)/.00
  • (ELAN)/.26
  • (LPX)/1.12
Economic Releases

10:00 am EST

  • Wholesale Trade Sales MoM for March is estimated to rise +.8% versus a +2.3% gain in Feb.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -1,430,000 barrels versus a +7,265,000 barrel gain the prior week. Distillate inventories are estimated to fall by -1,000,000 barrels versus a -732,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -1,180,000 barrels versus a +344,000 barrel gain the prior week.

Upcoming Splits 

  • None of note
Other Potential Market Movers
  • The Fed's Jefferson speaking, Fed's Cook speaking, Fed's Collins speaking, 10Y T-Bond auction, weekly MBA Mortgage Applications report, Thomson Reuters IPSOS PCSI for May, (SPG) annual meeting, (CSX) annual meeting, (AMD) annual meeting, (FSLR) annual meeting, (GILD) annual meeting, (PM) annual meeting, (BRO) annual meeting, Assoc. for Research in Vision/Ophthalmology Meeting and the American Society of Gene/Cell Therapy Meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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