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

Earnings of Note 
Company/Estimate 

Before the Open:

• (KMX)/.96
• (JBL)/3.10 

After the Close: 

• (SWBI)/.23

Economic Releases 

8:30 am EST

• Retail Sales Advance MoM for May is estimated to rise +.5% versus a +.5% gain in April.
• Retail Sales Ex Autos MoM for May is estimated to rise +.6% versus a +.7% gain in April.
• Retail Sales Ex Autos and Gas for May is estimated to rise +.3% versus a +.5% gain in April. 

10:00 am EST

• Business Inventories for April is estimated to rise +.5% versus a +.9% gain in March.
• Pending Home Sales for May is estimated to rise +.9% versus a +1.4% gain in April. 

10:30 am EST

• Bloomberg consensus estimates call for a weekly crude oil inventory decline of -3,691,800 barrels versus a -7,227,000 barrel decline the prior week. Gasoline supplies are estimated to fall by -759,000 barrels versus a +186,000 barrel gain the prior week. Distillate inventories are estimated to fall by -484,600 barrels versus a -200,000 barrel decline the prior week. Finally, Refinery Utilization is estimated to rise +.01% versus a +.6% gain prior. 

2:00 pm EST

• The FOMC is expected to leave the benchmark Fed Funds Rate at 3.5-3.75%. 

Upcoming Splits

• None of note

Other Potential Market Movers

• The FOMC press conference/projections, Atlanta Fed GDPNow Q2 update, weekly MBA Mortgage Applications report, IEA monthly report, (FWRD) annual meeting, (VRT) annual meeting, (CRWD) annual meeting, (GH) annual meeting, (ADSK) annual meeting, (EXPE) annual meeting and the Wolfe Autos/Mobility Conference could also impact global trading tomorrow.

US Equity Market Hours

• 9:30 am - 4:00 pm EST