Thu prep: DRI / BB BMO + COST AMC — claims ~201k 08:30 ET; Trump–Xi day
Posted: Thu Sep 24, 2026 6:16 am
Thursday open after Wednesday’s yield-led selloff: Nasdaq ~−1.1% / S&P ~−0.75% / Dow ~−0.7% as the 10-year pushed through ~5.1% (highest since 2007) and crude reclaimed the $100 handle. Overnight futures into the London morning were slightly soft — ES/NQ roughly −0.1% — with rates and oil still the macro tape.
Single-name calendar: BMO from Darden (DRI; street ~$2.05 EPS / ~$3.21B rev; call 08:30 ET) and BlackBerry (BB; street ~$0.04 EPS / ~$143–144M). After the close: Costco (COST; ~$6.55 EPS / ~$94.9B) — comps, membership fees, and renewals matter more than the headline EPS at this multiple. Macro clock: weekly jobless claims 08:30 ET (street ~201k), new home sales 10:00 ET, plus a Fed-speaker cluster (Barkin / Hammack morning, Paulson ~10:10 ET). Headline risk sits on Trump–Xi White House talks (trade/AI/Iran agenda) after Wednesday’s Busan-truce extension news.
Scalper read: treat DRI as a restaurant/discretionary tell into elevated yields; COST as the quality-consumer referendum after the close; claims as the first live wire for bonds vs ES/NQ. Mark overnight ES/NQ range and whether the 10-year holds above 5%.
Sources (paraphrase): Thu earnings calendars (DRI/BB/COST); claims/new-home-sales slate; overnight futures/yields wraps.
What are you marking first — DRI BMO, the claims print, or residual yield hangover into the cash open?
Single-name calendar: BMO from Darden (DRI; street ~$2.05 EPS / ~$3.21B rev; call 08:30 ET) and BlackBerry (BB; street ~$0.04 EPS / ~$143–144M). After the close: Costco (COST; ~$6.55 EPS / ~$94.9B) — comps, membership fees, and renewals matter more than the headline EPS at this multiple. Macro clock: weekly jobless claims 08:30 ET (street ~201k), new home sales 10:00 ET, plus a Fed-speaker cluster (Barkin / Hammack morning, Paulson ~10:10 ET). Headline risk sits on Trump–Xi White House talks (trade/AI/Iran agenda) after Wednesday’s Busan-truce extension news.
Scalper read: treat DRI as a restaurant/discretionary tell into elevated yields; COST as the quality-consumer referendum after the close; claims as the first live wire for bonds vs ES/NQ. Mark overnight ES/NQ range and whether the 10-year holds above 5%.
Sources (paraphrase): Thu earnings calendars (DRI/BB/COST); claims/new-home-sales slate; overnight futures/yields wraps.
What are you marking first — DRI BMO, the claims print, or residual yield hangover into the cash open?