Breaking News

Day Ahead: Top 3 Things to Watch

Stock MarketsApr 16, 2019 05:49PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters. - Here’s a preview of the top 3 things that could rock markets tomorrow.

1. More Bank Earnings on the Way

Tech may take a hit tomorrow after IBM 's (NYSE:IBM) revenue came in below forecasts today.

In addition, there may be trouble in FANG land after Netflix (NASDAQ:NFLX) warned on its second-quarter profit and also gave weaker subscriber guidance as it hikes prices in the U.S.

Tomorrow’s earnings continue to be dominated by the financial industry. No fewer than 21 financial companies will be reporting.

Morgan Stanley (NYSE:MS) reports before the opening bell. The big investment bank is expected to report $1.17 a share in earnings, according to analysts polled by, on revenue of $9.91 billion. That would be down from $1.45 a share and revenue of $11.08 billion a year ago.

The stock is up 18.6% this year after the fourth quarter’s slump of 24%.

US Bancorp (NYSE:USB) also reports ahead of trading. Analysts predict the Minneapolis-based banking company will report earnings of $1 a share, up from 96 cents a year ago. Revenue is projected at $5.6 billion, which would be up 2.2% from a year ago. The shares are up 10% so far this year.

And beverage-and-snack giant PepsiCo (NASDAQ:PEP) also weights in. The company is expected to report earnings of 92 cents a share for the quarter. That would be down from 96 cents a year ago. Revenue is forecast at $12.67 billion, up from 0.9% from a year ago.

The stock is up 10.8% this year.

2. Trade Deficit Seen Widening

It seems Wall Street reacts to every talking head on trade, but tomorrow brings some hard data.

The Commerce Department will release the latest trade balance figures at 8:30 AM ET (12:30 GMT). On average, economists expect that the U.S. trade deficit widened to $53.5 billion in February, according to forecasts compiled by

At 10:00 AM ET, the market will get February numbers on wholesale Inventories, which are expected to rise 0.4%.

3. EIA to Spring Surprise Draw in Crude Stockpiles?

Ahead of the Energy Information Administration (EIA) petroleum report due Wednesday, investors got an early insight into weekly U.S. supplies, showing a draw in supplies for the first time in four weeks.

The American Petroleum Institute data released Tuesday -- not perfectly correlated with the EIA's report -- showed weekly crude stockpiles fell by 3.1 million barrels last week.

Oil bulls will be hoping that the EIA will spring a surprise and also report draw in crude stockpiles despite expectations for a build of 1.7 million barrels for the week ended April 12.

U.S. weekly production, which remains at a record 12.3 million barrels a day, will also attract attention amid speculation as to whether OPEC and Russia are nearing the end of their production-cut deal agreed to in December.

Crude oil futures settled 1% higher at $64.79.

Day Ahead: Top 3 Things to Watch

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email