Morning Juice – US Session Prep
Morning, Traders!
It is Tuesday the 23rd of April, here are some things to look out for today.
Sentiment
US market futures rose slightly as the busiest week of the earnings season began, with prospects for a prolonged surge hinged on whether big tech can justify expensive valuations fueled by the artificial intelligence boom.
The “Magnificent Seven” cohort of tech megacaps, led by Tesla, will report first after today’s market closure. Meta is next on Wednesday, then Microsoft and Alphabet on Thursday.
Docket
09:45 ET
US S&P April Flash PMIs for April
Manufacturing – Median Forecast: 52 | Prior: 51.9 | Range: 53 / 50
Services – Median Forecast: 52 | Prior: 51.7 | Range: 52.2 / 50.8
10:00 ET
US New Home Sales – Units for March
Median Forecast: 0.67M | Prior: 0.662M | Range: 0.7M / 0.625M
13:00 ET
US sells $69 bln 2-Year Notes
Speakers
08:30 ET
ECB’s Nagel Speaks in Berlin
Event details
Earnings
16:05 ET
Tesla Q1 2024 Earnings
Est EPS: 53c
Est Rev: $22.42B
Visa Q2 2024 Earnings
Est EPS: $2.44
Est Rev: $8.62B
Good luck, Traders!
