Tuesday, September 24, 2024

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

Earnings of Note 
Company/Estimate 

Before the Open:
  • (CTAS)/1.0
After the Close: 
  • (CNXC)/2.93
  • (FUL)/1.23
  • (JEF)/.78
  • (MU)/1.11
  • (WS)/.55
Economic Releases

10:00 am EST

  • New Home Sales for Aug. is estimated to fall to 700K versus 739K in July.

10:30 am EST

  • Bloomberg consensus estimates call for a weekly crude oil inventory decline of -937,860 barrels versus a -1,630,000 barrel decline the prior week. Gasoline supplies is estimated to fall by -118,140 barrels versus a +69,000 barrel gain the prior week. Distillate inventories is estimated to fall by -1,217,430 barrels versus a +125,000 barrel gain the prior week. Finally, Refinery Utilization is estimated to fall by -.24% versus a -.7% decline prior.

Upcoming Splits

  • None of note
Other Potential Market Movers
  • The Fed's Krugler speaking, 5Y T-Note auction, weekly MBA Mortgage Applications report, (META) Connect 2024, (KFY) annual meeting, RBC Communications Infra Conference and the BofA Financials CEO Conference could also impact global trading tomorrow.
US Equity Market Hours
  • 9:30 am - 4:00 pm EST

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