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

Earnings of Note 
Company/Estimate 

Before the Open:

• (MO)/1.34
• (ADP)/2.06
• (AN)/4.32
• (BA)/-1.90
• (BWA)/1.01
• (BG)/1.83
• (CNH)/.37
• (DD)/.85
• (GRMN)/1.45
• (GNRC)/1.20
• (GSK)/.98 
• (HES)/2.57
• (HUM)/5.86
• (JCI)/1.20
• (KHC)/.73
• (MAR)/2.47
• (NCLH)/.34
• (OSK)/3.01
• (PSN)/.69
• (SMG)/1.92
• (TT)/3.08
• (UTHR)/6.48
• (WING)/.83
  

After the Close: 

• (AFL)/1.60
• (ALB)/.43
• (ALL)/.28
• (APA)/.89
• (ARM)/.34
• (AVB)/2.71 
• (CHRW)/.95
• (CP)/1.01
• (CVNA)/-.05
• (CAKE)/1.00
• (EBAY)/1.13
• (GT)/.14
• (LRCX)/7.58
• (META)/4.72
• (MET)/2.10
• (MGM)/.60
• (MYRG)/1.13
• (PPC)/1.35
• (QCOM)/2.25
• (RGR)/.76
• (WDC)/1.18
• (BABA)/15.00
• (IR)/.78
• (MA)/3.51
• (RIG)/-.09
  

Economic Releases

8:15 am EST

• The ADP Employment Change for July is estimated at 150K versus 150K the prior week.
  

8:30 am EST

• The 2Q Employment Cost Index is estimated to rise +1.0% versus a +1.2% gain in 1Q. 

9:45 am EST

• The MNI Chicago PMI for July is estimated to fall to 45.0 versus 47.4 in June.

10:00 am EST

• Pending Home Sales MoM for June is estimated to rise +1.4% versus a -2.1% decline in May.

10:30 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory decline of -832,140 barrels versus a -3,741,000 barrel decline the prior week. Gasoline inventories are estimated to fall by -1,177,710 barrels versus a -5,572,000 barrel decline the prior week. Distillate inventories are estimated to fall by -579,710 barrels versus a -2,753,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise +.6% versus a -2.1% decline 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 weekly MBA Mortgage Applications report, (DELL) business update and the (MCK) annual meeting could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST