DJIA Market Happenings For Friday, November 21, 2014

Dow stocks at 52 week highs include Cisco (CSCO), Nike (NKE), Travelers (TRV) and Intel (INTC). Dow stock 52 week lows include International Business Machines (IBM).

The Market

Premarket today, the Dow was indicated to open up +152 points.

Thursday, the Dow closed up +33.27 (+0.19%) at 17,719.00.

Year-to-date the Dow is up +6.89%.

There were 18 Dow stock winners Thursday.

Dow stock winners Thursday included Intel (INTC) +4.66% and Microsoft (MSFT) +1.00%.

Dow stock losers Thursday included Disney (DIS) -1.02% and JPMorgan (JPM) -0.79%.

Pfizer (PFE) was unchanged Thursday.

In China, the central bank cut its benchmark interest rates by 25 basis points to give the economy a boost, according to state-run news agency Xinhua. It’s the first rate cut there since 2012.

European markets also were striding higher in early trading, helped by dovish remarks from European Central Bank President Mario Draghi.

Intel (INTC) was downgraded to ‘Sell’ from ‘Underperform’ at CLSA.

Yesterday, AT&T Inc. (T) agreed to settle a lawsuit alleging that the company dumped its electronic waste in California illegally. The telecommunications company will pay $423.8 million in order to end the dispute as well as changing its environmental policies to include contractor inspections and independent audits.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down 1.1 cents at $2.839 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Notable earnings reports from Thursday include:

Autodesk, Inc. (ADSK) reported third quarter EPS of $0.25 on revenue of $618.00 million, compared to last year’s EPS of $0.41 on revenue of $555.20 million.

Best Buy Co., Inc. (BBY) reported third quarter EPS of $0.30 on revenue of $9.38 billion, compared to last year’s EPS of $0.18 on revenue of $9.36 billion.

Dollar Tree, Inc. (DLTR) reported third quarter EPS of $0.69 on revenue of $2.10 billion, compared to last year’s EPS of $0.58 on revenue of $1.88 billion.

GameStop Corporation (GME) reported third quarter EPS of $0.57 on revenue of $2.09 billion, compared to last year’s EPS of $0.58 on revenue of $2.11 billion.

Gap Inc. (GPS) reported third quarter EPS of $0.80 on revenue of $3.97 billion, compared to last year’s EPS of $0.72 on revenue of $3.98 billion.

Stocks reporting earnings today include:

ANN INC. (ANN) is expected to report third quarter EPS of $0.70 on revenue of $651.93 million, compared to last year’s EPS of $0.89 on revenue of $657.53 million.

Berry Plastics Group (BERY) is expected to report fourth quarter EPS of $0.37 on revenue of $1.33 billion, compared to last year’s EPS of $0.33 on revenue of $1.20 billion.

Footlocker, Inc. (FL) is expected to report third quarter EPS of $0.79 on revenue of $1.72 billion, compared to last year’s EPS of $0.68 on revenue of $1.62 billion.

Today’s Featured Dow Stock

Procter & Gamble Co. (PG)

Procter & Gamble Co. (PG) is up +8.67% year-to-date.

Financial Calendar

1100 ET Nov Kansas City Fed manufacturing activity expected +2 to 6, Oct -2 to 4.

1500 ET USDA Oct Cattle on Feed.

1500 ET USDA Oct Cold Storage.

The Dow Market Happenings For Thursday, November 20, 2014

Dow stocks at 52 week highs include Nike (NKE) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -80 points.

Wednesday, the Dow closed down -2.09 (-0.01%) at 17,685.73.

Year-to-date the Dow is up +6.69%.

There were 13 Dow stock winners Wednesday.

Dow stock winners Wednesday included Coca COla (KO) +1.59% and Wal-Mart (WMT) +1.43%.

Dow stock losers Wednesday included Verizon (VZ) -1.43% and UnitedHealth (UNH) -1.35%.

The Labor Department reported initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 291,000 for the week ended Nov. 15. The prior week’s data was revised to show 3,000 more applications received than previously reported. The four-week moving average of claims increased 1,750 to 287,500, still at levels consistent with solid employment growth. Economists forecast claims dipping to 285,000 last week. Claims have now been below the 300,000 threshold for 10 straight weeks, a sign that the labor market is tightening.

The Federal Reserve’s October meeting minutes left something to be desired after being released on Wednesday. The report revealed little new information to investors who have been wondering when and how the bank plans to raise interest rates. The minutes showed that the U.S. central bankers are concerned about whether or not inflation will continue to improve and if the U.S. economy can continue to stabilize while the global economy struggles.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down 1.3 cents at $2.850 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Notable earnings reports from Wednesday include:

Lowe’s Companies, Inc. (LOW) reported third quarter EPS of $0.59 on revenue of $13.70 billion, compared to last year’s EPS of $0.47 on revenue of $12.96 billion.

Staples, Inc. (SPLS) reported third quarter EPS of $0.37 on revenue of $5.96 billion, compared to last year’s EPS of $0.42 on revenue of $6.11 billion.

Salesforce.com Inc. (CRM) reported third quarter EPS of $0.14 on revenue of $1.38 billion, compared to last year’s EPS of $0.09 on revenue of $1.08 billion.

Target Corporation (TGT) reported third quarter EPS of $0.54 on revenue of $17.73 billion, compared to last year’s EPS of $0.56 on revenue of $17.26 billion.

Stocks reporting earnings today include:

Autodesk, Inc. (ADSK) is expected to report third quarter EPS of $0.22 on revenue of $601.76 million, compared to last year’s EPS of $0.41 on revenue of $555.20 million.

Best Buy Co., Inc. (BBY) is expected to report third quarter EPS of $0.24 on revenue of $9.06 billion, compared to last year’s EPS of $0.18 on revenue of $9.36 billion.

Dollar Tree, Inc. (DLTR) is expected to report third quarter EPS of $0.64 on revenue of $2.06 billion, compared to last year’s EPS of $0.58 on revenue of $1.88 billion.

GameStop Corporation (GME) is expected to report third quarter EPS of $0.61 on revenue of $2.21 billion, compared to last year’s EPS of $0.58 on revenue of $2.11 billion.

Gap Inc. (GPS) is expected to report third quarter EPS of $0.75 on revenue of $4.04 billion, compared to last year’s EPS of $0.72 on revenue of $3.98 billion.

Today’s Featured Dow Stock

Pfizer Inc. (PFE)

Pfizer Inc. (PFE) is down -0.62% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -6,000 to 284,000, previous +12,000 to 290,000. Weekly continuing claims expected -22,000 to 2.370 million, previous +36,000 to 2.392 million.

0830 ET Oct CPI expected -0.1% m/m and +1.6% y/y, Sep +0.1% m/m and +1.7% y/y. Oct CPI ex food & energy expected +0.1% m/m and +1.7% y/y, Sep +0.1% m/m and +1.7% y/y.

0830 ET USDA weekly Export Sales.

0945 ET Preliminary Nov Markit manufacturing PMI expected +0.4 to 56.3, Oct -1.6 to 55.9.

1000 ET Nov Philadelphia Fed manufacturing index expected -2.2 to 18.5, Oct -1.8 to 20.7.

1000 ET Oct existing home sales expected -0.4% to 5.15 million, Sep +2.4% m/m to 5.17 million.

1000 ET Oct leading indicators expected +0.6%, Sep +0.8%.

1100 ET Treasury announces amounts of 2-year T-notes (previous $29 billion), 2-year floating-rate notes (previous $15 billion), 5-year T-notes (previous $35 billion), and 7-year T-notes (previous $29 billion) to be auctioned Nov 24-26.

1300 ET Treasury auctions $13 billion of 10-year TIPS.

1330 ET Cleveland Fed President Loretta Mester delivers a speech on Forward Guidance and Communications in U.S. Monetary Policy at the Imperial College Business School in London.

DJIA Market Happenings For Wednesday, November 19, 2014

Dow stocks at 52 week highs include Cisco (CSCO), 3M (MMM), Nike (NKE), UnitedHealth (UNH) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -6 points.

Tuesday, the Dow closed up +40.07 (+0.23%) at 17,687.82.

Year-to-date the Dow is up +6.70%.

There were 20 Dow stock winners Tuesday.

Dow stock winners Tuesday included UnitedHealth (UNH) +1.78% and Boeing (BA) +1.74%.

Dow stock losers Tuesday included Home Depot (HD) -2.09% and Microsoft (MSFT) -1.46%.

European stocks are mostly higher and Asian markets ended mostly lower.

The national average price of gasoline is down 1.2 cent at $2.863 per gallon.

Earnings Reports.

Home Depot (HD) will report earnings on 11/18/14 before the market open.

Notable earnings reports from Tuesday include:

Home Depot, Inc. (HD) reported third quarter EPS of $1.15 on revenue of $20.52 billion, compared to last year’s EPS of $0.95 on revenue of $19.47 billion.

Dick’s Sporting Goods Inc. (DKS) reported third quarter EPS of $0.41 on revenue of $1.53 billion, compared to last year’s EPS of $0.40 on revenue of $1.40 billion.

Medtronic, Inc. (MDT) reported second quarter EPS of $0.96 on revenue of $4.37 billion, compared to last year’s EPS of $0.91 on revenue of $4.19 billion.

PetSmart, Inc. (ETM) reported third quarter EPS of $1.02 on revenue of $1.74 billion, compared to last year’s EPS of $0.88 on revenue of $1.70 billion.

Stocks reporting earnings today include:

Lowe’s Companies, Inc. (LOW) is expected to report third quarter EPS of $0.58 on revenue of $13.54 billion, compared to last year’s EPS of $0.47 on revenue of $12.96 billion.

Salesforce.com Inc. (CRM) is expected to report third quarter EPS of $0.13 on revenue of $1.37 billion, compared to last year’s EPS of $0.09 on revenue of $1.08 billion.

Staples, Inc. (SPLS) is expected to report third quarter EPS of $0.36 on revenue of $5.93 billion, compared to last year’s EPS of $0.42 on revenue of $6.11 billion.

Target Corporation (TGT) is expected to report third quarter EPS of $0.48 on revenue of $17.56 billion, compared to last year’s EPS of $0.56 on revenue of $17.26 billion.

Today’s Featured Dow Stock

Nike Inc. (NKE)

Nike Inc. (NKE) is up +22.67% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -0.9% with purchase sub-index +1.1% and refi sub-index -1.9%.

0830 ET Oct housing starts expected +0.8% to 1.025 million, Sep +6.3% to 1.017 million. Oct building permits expected +0.9% to 1.040 million, Sep +2.8% to 1.031 million.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET Minutes of the Oct 28-29 FOMC meeting.

The Dow Market happenings For Tuesday, November 18, 2014

Dow stocks at 52 week highs include Cisco (CSCO), 3M (MMM) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -2 points.

Monday, the Dow closed up +13.01 (+0.07%) at 17,647.75.

Year-to-date the Dow is up +6.46%.

There were 15 Dow stock winners Monday.

Dow stock winners Monday included UnitedHealth (UNH) +1.43% and Intel (INTC) +0.85%.

Dow stock losers Monday included American Express (AXP) -0.60% and Chevron (CVX) -0.49%.

Home Depot (HD) reported Q3 EPS of $1.15, better than consensus of $1.13.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down 1 cent at $2.875 per gallon.

Earnings Reports.

Home Depot (HD) will report earnings on 11/18/14 before the market open.

Notable earnings reports from Monday include:

Agilent Technologies Inc (A) reported fourth quarter EPS of $0.88 on revenue of $1.81 billion, compared to last year’s EPS of $0.81 on revenue of $1.72 billion.

Tyson Foods, Inc. (TSN) reported fourth quarter EPS of $0.87 on revenue of $10.10 billion, compared to last year’s EPS of $0.70 on revenue of $8.89 billion.

Urban Outfitters, Inc. (URBN) reported third quarter EPS of $0.35 on revenue of $814.00 million, compared to last year’s EPS of $0.47 on revenue of $774.05 million.

Stocks reporting earnings today include:

The Home Depot, Inc. (HD) is expected to report third quarter EPS of $1.13 on revenue of $20.44 billion, compared to last year’s EPS of $0.95 on revenue of $19.47 billion.

Dicks Sporting Goods Inc (DKS) is expected to report third quarter EPS of $0.41 on revenue of $1.53 billion, compared to last year’s EPS of $0.40 on revenue of $1.40 billion.

Medtronic, Inc. (MDT) is expected to report second quarter EPS of $0.96 on revenue of $4.37 billion, compared to last year’s EPS of $0.91 on revenue of $4.19 billion.

PetSmart, Inc. (PETM) is expected to report third quarter EPS of $0.94 on revenue of $1.73 billion, compared to last year’s EPS of $0.88 on revenue of $1.70 billion.

Today’s Featured Dow Stock

Microsoft Corp. (MSFT)

Microsoft Corp. (MSFT) is up +32.21% year-to-date.

Financial Calendar

0830 ET Oct PPI final demand expected -0.1% m/m and +1.3% y/y, Sep -0.1% m/m and +1.6% y/y. Oct PPI final demand ex food & energy expected +0.1% m/m and +1.5% y/y, Sep unch m/m and +1.6% y/y.

1000 ET Nov HAHB housing market index expected +1 to 55, Oct -5 to 54.

1330 ET Minneapolis Fed President Narayana Kocherlakota speaks on Clarifying the Objectives of Monetary Policy at the St. Paul Rotary.

DJIA Market Happenings For Monday, November 17, 2014

Dow stocks at 52 week highs include Cisco (CSCO), Microsoft (MSFT) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -39 points.

Friday, the Dow closed down -18.05 (+0.10%) at 17,634.74.

Year-to-date the Dow is up +6.38%. Nasdaq is up +12.3%, S&P 500 +10.4% and Russell 2000 +0.9%.

Last week the Dow was up +0.3%, Nasdaq +1.2%, S&P 500 +0.4% and Russell 2000 +0.0%.

There were 15 Dow stock winners Friday.

Dow stock winners Friday included Cisco (CSC)) +2.49% and International Business Machines (IBM) +0.84%.

Dow stock losers Friday included Johnson & Johnson (JNJ) -0.83% and Visa (V) -0.83%.

Procter & Gamble (PG) was downgraded to ‘Hold’ from ‘Buy’ at Canaccord.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down 2.9 cents over the weekend at $2.885 per gallon.

Earnings Reports.

Home Depot (HD) will report earnings on 11/18/14 before the market open.

Notable earnings reports from Friday include:

Metalico, Inc. (MEA) reported a third quarter loss of $0.04 on revenue of $128.59 million, compared to last year’s loss of $0.58 per share on revenue of $135.78 million.

Stocks reporting earnings today include:

Agilent Technologies Inc (A) is expected to report fourth quarter EPS of $0.89 on revenue of $1.81 billion, compared to last year’s EPS of $0.81 on revenue of $1.72 billion.

Jacobs Engineering Group Inc (JEC) is expected to report fourth quarter EPS of $0.86 on revenue of $3.32 billion, compared to last year’s EPS of $0.84 on revenue of $3.14 billion.

Tyson Foods, Inc. (TSN) is expected to report fourth quarter EPS of $0.76 on revenue of $10.15 billion, compared to last year’s EPS of $0.70 on revenue of $8.89 billion.

Urban Outfitters, Inc. (URBN) is expected to report third quarter EPS of $0.41 on revenue of $813.05 million, compared to last year’s EPS of $0.47 on revenue of $774.05 million.

Today’s Featured Dow Stock

Merck & Co Inc. (MRK)

Merck & Co Inc. (MRK) is up +18.02% year-to-date.

Financial Calendar

0830 ET Nov Empire manufacturing index expected +5.83 to 12.00, Oct -21.37 to 6.17.

0915 ET Oct industrial production expected +0.2%, Sep +1.0%. Oct capacity utilization expected unch at 79.3%, Sep +0.6 to 79.3%.

1100 ET USDA weekly grain export inspections.

1600 ET USDA weekly crop progress.