Markets for the week, Juneteenth market closure, and economic events upcoming!
Everything happening in the markets in three minutes or less
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Good evening!
Let’s see what is upcoming in the markets this week, and what happened last week quickly before the week begins! For reference the market is closed on Wednesday for Juneteenth!
Before we begin, we did a huge breakdown of Roaring Kitty’s GameStop, GME position, and explained how we used UW to track these positions. Check our blogpost below:
Looking at the markets last week, SPY finished up +1.73% with a wild push by NVDA, AAPL, AVGO, and ORCL. Here is what that looked like in the heatmaps:
Now to earnings!
Here are the upcoming earnings this week, including the expected moves, EPS mean estimates, and notable details. See more at unusualwhales.com/earnings.
Back to the full earnings week:
Earnings Date: 2024-06-17
Lennar (LEN) - Post-market, EPS Est: $3.2, Expected Move: $8.37, Options Vol: 20419, Stock Vol: 3115502, OI: 127236
3D Systems (DDD) - Post-market, EPS Est: -$0.11, Expected Move: $0.51, Options Vol: 708, Stock Vol: 2090759, OI: 88599
Astra Space (ASTR) - Post-market, EPS Est: N/A, Expected Move: $0.11, Options Vol: 1066, Stock Vol: 192301, OI: 16913
Quantum (QMCO) - Post-market, EPS Est: -$0.02, Expected Move: $6.24, Options Vol: 532, Stock Vol: 919555, OI: 7894
Atlas Lithium (ATLX) - Post-market, EPS Est: -$0.73, Expected Move: $1.09, Options Vol: 854, Stock Vol: 164761, OI: 5279
Earnings Date: 2024-06-18
Sibanye Stillwater (SBSW) - Post-market, EPS Est: N/A, Expected Move: $0.40, Options Vol: 12949, Stock Vol: 7753890, OI: 249212
KB Home (KBH) - Post-market, EPS Est: $1.78, Expected Move: $4.25, Options Vol: 1871, Stock Vol: 857069, OI: 92033
Patterson Companies (PDCO) - Pre-market, EPS Est: $0.83, Expected Move: $1.49, Options Vol: 732, Stock Vol: 1394203, OI: 11430
Earnings Date: 2024-06-19
SunPower (SPWR) - Post-market, EPS Est: -$0.29, Expected Move: $0.50, Options Vol: 16955, Stock Vol: 8241944, OI: 247960
Earnings Date: 2024-06-20
Faraday Future Intelligent Electric (FFIE) - Post-market, EPS Est: N/A, Expected Move: $0.13, Options Vol: 91688, Stock Vol: 60610275, OI: 621615
Kroger (KR) - Pre-market, EPS Est: $1.33, Expected Move: $2.58, Options Vol: 15526, Stock Vol: 4958500, OI: 288365
Polestar Automotive Holding UK (PSNY) - Post-market, EPS Est: -$0.13, Expected Move: $0.21, Options Vol: 845, Stock Vol: 11112418, OI: 136993
Aurora Cannabis (ACB) - Pre-market, EPS Est: -$0.18, Expected Move: $0.62, Options Vol: 4042, Stock Vol: 794537, OI: 112304
Accenture (ACN) - Pre-market, EPS Est: $3.14, Expected Move: $15.47, Options Vol: 12720, Stock Vol: 2965975, OI: 112227
Jabil (JBL) - Pre-market, EPS Est: $1.75, Expected Move: $9.48, Options Vol: 2397, Stock Vol: 915354, OI: 49205
Darden Restaurants (DRI) - Pre-market, EPS Est: $2.62, Expected Move: $6.35, Options Vol: 3657, Stock Vol: 1229208, OI: 45982
Smith & Wesson Brands (SWBI) - Post-market, EPS Est: N/A, Expected Move: $1.81, Options Vol: 1870, Stock Vol: 276316, OI: 36135
Winnebago Industries (WGO) - Pre-market, EPS Est: $1.3, Expected Move: $3.32, Options Vol: 2201, Stock Vol: 894945, OI: 35095
Conns (CONN) - Post-market, EPS Est: -$0.65, Expected Move: $0.58, Options Vol: 2249, Stock Vol: 200859, OI: 23794
Commercial Metals (CMC) - Pre-market, EPS Est: $1.0, Expected Move: $2.53, Options Vol: 508, Stock Vol: 738742, OI: 15101
Earnings Date: 2024-06-21
CarMax (KMX) - Pre-market, EPS Est: $1.02, Expected Move: $5.53, Options Vol: 21874, Stock Vol: 2010811, OI: 85042
Coca-Cola Europacific Partners (CCEP) - Post-market, EPS Est: N/A, Expected Move: $1.30, Options Vol: 906, Stock Vol: 1907525, OI: 2689
On to economic events for the week:
Here is the economic calendar this week. See unusualwhales.com/economic-calendar:
Monday, June 17:
Empire State Manufacturing Survey for June is forecasted at -10.5, an improvement from -15.6.
Philadelphia Fed President Patrick Harker is scheduled to speak at 10:00 AM.
Fed Governor Lisa Cook will give a speech at 6:00 PM.
Tuesday, June 18:
Retail sales excluding autos for May are expected to be 0.2%, consistent with the previous month.
U.S. retail sales for May are forecasted at 0.2%, up from 0.0%.
Capacity utilization for May is expected to be 78.6%, up from 78.4%.
Industrial production for May is anticipated to be 0.4%, an improvement from 0.0%.
Richmond Fed President Tom Barkin will participate in a podcast interview at 7:00 AM.
Business inventories for May are forecasted to rise to 0.3%, up from -0.1%.
Dallas Fed President Laurie Logan, Fed Governor Adriana Kugler, St. Louis Fed President Alberto Musalem, and Chicago Fed President Austan Goolsbee are all scheduled to speak starting at 10:00 AM.
Wednesday, June 19:
Home builder confidence index for June is expected to remain steady at 45.
Thursday, June 20:
Philadelphia Fed Manufacturing Survey for June is expected to be 4.9, up from 4.5.
Building permits for May are forecasted at 1.5M, up from 1.4M.
Housing starts for May are expected to remain steady at 1.4M.
U.S. current account deficit for Q2 is forecasted to be -$205.5 billion, worsening from -$194.8 billion.
Initial jobless claims for June are expected to be 236K, down from 242K.
Friday, June 21:
S&P flash U.S. manufacturing PMI for June is forecasted at 51, down from 51.3.
S&P flash U.S. services PMI for June is expected to be 53.9, down from 54.8.
U.S. leading economic indicators for May are forecasted at -0.4%, an improvement from -0.6%.
Existing home sales for May are expected to remain stable at 4.1M.
Thank you as always for reading and have a great week!
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