Tuesday, July 16, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (ALLY)/.64
  • (ASML)/4.04
  • (CFG)/.78
  • (ELV)/10.00
  • (FHN)/.30
  • (JNJ)/2.71
  • (NTRS)/1.75
  • (PLD)/1.33
  • (USB)/.95
After the Close: 
  • (AA)/.08
  • (OZK)/1.52
  • (CCI)/1.67
  • (DFS)/3.08
  • (KMI)/.26
  • (SLG)/1.59
  • (STLD)/2.73
  • (UAL)/3.94
  • (LVS)/.59
Economic Releases

8:30 am EST

  • Building Permits for June is estimated to rise to 1400K versus 1399K in May.
  • Housing Starts for June is estimated to rise to 1300K versus 1277K in May. 

9:15 am EST

  • Industrial Production MoM for June is estimated to rise +.3% versus a +.7% gain in May.
  • Manufacturing Production for June is estimated to rise +.1% versus a +.9% gain in May.
  • Capacity Utilization for June is estimated to fall to 78.4% versus 78.2% in May.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -736,000 barrels versus a -3,443,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -1,446,000 barrels versus a -2,006,000 barrel decline the prior week. Distillate inventories are estimated to rise by +440,000 barrels versus a +4,884,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall by -.72% versus a +1.9% gain prior.

2:00 pm EST

  • Fed releases Beige Book report.

Upcoming Splits

  • None of note
Other Potential Market Movers
  • The Fed's Barkin speaking, Fed's Waller speaking, 20Y Bond auction, Atlanta Fed GDPNow 2Q update, weekly MBA Mortgage Applications report and the (STZ) general meeting could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

No comments: