DJIA Market Happenings For Thursday, March 5, 2015

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +38 points.

Wednesday, the Dow was down -85.26 (-0.47%) at 18,203.37.

Year-to-date the Dow is up +1.54%.

There were 6 Dow stocks up Wednesday.

Dow stock winners Wednesday were led by UnitedHealth (UNH) +0.85% and McDonald’s (MCD)+0.51%.

Dow stock losers Wednesday were led by American Express (AXP) -1.56% and Caterpillar (CAT) -1.34%.

Exxon Mobil (XOM) was downgraded to ‘Hold’ from ‘Buy’ at Evercore ISI.

McDonald’s (MCD) was downgraded to ‘Neutral’ from ‘Overweight’ at Piper Jaffray.

European stocks are mostly higher and Asian markets ended mixed.

The national average price of gasoline is up four-tenths of a cent at $2.455 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is down -13.34% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -18,000 to 295,000, previous +31,000 to 313,000. Weekly continuing claims expected -6,000 to 2.395 million, previous 21,000 to 2.401 million.

0830 ET Revised Q4 non-farm productivity expected -2.3%, previous -1.8%. Revised Q4 unit labor costs expected +3.3%, previous +2.7%.

0830 ET USDA weekly Export Sales.

1000 ET Jan factory orders expected +0.2%, Dec -3.4%.

1000 ET San Francisco Fed President John Williams speaks on the economic outlook at the CFA Society Hawaii Economic Forecast Dinner.

1100 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Mar 10-12.

1630 ET Fed releases results of its latest bank stress tests.

The Dow Market Happenings For Wednesday, March 4, 2015

Dow stocks at 52 week highs include Disney (DIS) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -48 points.

Tuesday, the Dow was down -85.26 (-0.47%) at 18,203.37.

Year-to-date the Dow is up +2.13%.

There were 24 Dow stocks up Tuesday.

Dow stock winners Tuesday were led by Boeing (BA) +1.15% and Disney (DIS) +0.43%.

Dow stock losers Tuesday were led by Cisco (CSCO) -2.15% and Microsoft (MSFT) -1.37%.

McDonald’s (MCD) was upgraded to ‘Outperform’ from ‘Sector Perform’ at RBC Capital.

Alcoa (AA) was downgraded to ‘Neutral’ from ‘Buy’ at BofA/Merrill Lynch.

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

The national average price of gasoline is up 1.0 cent at $2.451 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is up +2.40% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -3.5% with purchase sub-index +4.6% and refi sub-index -7.5%.

0815 ET Feb ADP employment change expected +220,000, Jan +213,000. Benchmark revisions.

0900 ET Chicago Fed President Charles Evans speaks on the economic outlook and monetary policy to the Lake Forest-Lake Bluff Rotary Club 2015 Economic Breakfast.

0945 ET Final-Feb Markit U.S. services PMI expected unrevised at 57.0, early-Feb +2.8 to 57.0. Final-Feb Markit U.S. composite PMI, prelim-Feb +2.4 to 56.8.

1000 ET Feb ISM non-manufacturing index expected -0.2 to 56.5, Jan +0.2 to 56.7.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Kansas City Fed President Esther George speaks on the economy at an event in Kansas City, MO.

1400 ET Fed Beige Book.

The Dow Market Happenings For Tuesday, March 3, 2015

Dow stocks at 52 week highs include Cisco (CSCO), Disney (DIS), Dupont (DD), 3M (MMM) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open own -32 points.

Monday, the Dow was up +155.93 (+0.86%) at 18,288.63.

Year-to-date the Dow is up +2.61%.

There were 26 Dow stocks up Monday.

Dow stock winners Monday were led by Visa (V) +2.57% and Intel (INTC) +2.44%.

Dow stock losers Monday were led by International Business Machines (IBM) -0.90% and Chavron (CVX) -0.73%.

Boeing (BA is the big winner this morning, up +1.14% and American Express (AXP) is the big loser, down -1.01%.

Only BA, INTC, GS, MCD and PFE are up this morning.

European stocks are mostly lower and Asian markets ended lower.

The national average price of gasoline is up 1.4 cents at $2.441 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Wal-Mart (WMT)

Wal-Mart (WMT) is down -2.24%% year-to-date.

Financial Calendar

0945 ET Feb New York ISM, Jan -26.3 to 44.5.

2015 ET Fed Chair Janet Yellen will deliver a prepared text to the Citizens Budget Commissions Annual Awards Dinner on bank regulation and supervision. No Q&A.

n/a Feb total vehicle sales expected 16.70 million, Jan 16.56 million. Feb domestic vehicle sales expected 13.40 million, Jan 13.31 million.

DJIA Market Happenings For Monday, March 2, 2015

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +15 points.

Friday, the Dow was down -81.72 (-0.45%) at 18,132.70.

Year-to-date the Dow is up +1.74%.

There were 7 Dow stocks up Friday.

Dow stock winners Friday were led by Coca COla (KO) +1.98% and International Business Machines (IBM) -0.67%.

Dow stock losers Friday were led by American Express (AXP) -1.99% and Cisco (CSCO) -1.34%.

Visa (V) +1.63%, Disney (DIS) +1.36%, McDonald’s (MCD) +1.30%, Home Depot (HD) +1.23%, and Boeing (BA) +0.97% are leading the Dow higher this morning. While Chevron (CVX) is the big loser, down -1.38%.

Costco (COST) today announced it has entered into a new co-brand credit card program agreement with Citi and an acceptance and co-brand incentive agreement with Visa (V). The implementation of these agreements is subject to the purchase of the existing co-brand credit card portfolio by Citi.

Last month, American Express (AXP) said it was ending the deal with Costco because “we were unable to reach terms that would have made economic sense for our Company and shareholders.”

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is up 1.3 cents at $2.427 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

Verizon (V)

Verizon (V) is up +5.71% year-to-date.

Financial Calendar

0830 ET Jan personal spending expected -0.1%, Dec -0.3%. Jan personal income expected +0.4%, Dec +0.3%. Jan PCE deflator expected -0.5% m/m and +0.2% y/y, Dec -0.2% m/m and +0.7% y/y. Jan core PCE deflator expected +0.1% m/m and +1.3% y/y, Dec unch m/m and +1.3% y/y.

0945 ET Final- Feb Markit manufacturing PMI expected unrevised at 54.3, early-Feb +0.4 to 54.3.

1000 ET Jan construction spending expected +0.4%, Dec +0.4%.

1000 ET Feb ISM manufacturing index expected -0.5 to 53.0, Jan -1.6 to 53.5. Feb ISM new orders sub-index, Jan -4.9 to 52.9. Feb ISM employment sub-index, Jan -1.9 to 54.1. Feb prices paid sub-index expected +2.0 to 37.0, Jan 3.5 to 35.0.

1100 ET USDA weekly grain export inspections.

The Dow Market Happenings For Friday, February 27, 2015

Dow stocks at 52 week highs include Cisco (CSCO), Dupont (DD), 3M (MMM) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -10 points.

Thursday, the Dow was down -10.15 (-0.06%) at 18,214.42.

Year-to-date the Dow is up +2.25%.

There were 17 Dow stocks up Thursday.

Dow stock winners Thursday were led by McDonald’s (MCD +1.74% and Johnson & Johnson (JNJ) +1.57%.

Dow stock losers Thursday were led by Caterpillar (CAT) -1.59% and Chevron (CVX) -1.40%.

McDonald’s is up about 6% in the last two days. What’s with that?

European stocks are mostly lower and Asian markets ended mixed.

The national average price of gasoline is up 3.0 cents at $2.373 per gallon.

Earnings Reports.

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

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +12.43% year-to-date.

Financial Calendar

0830 ET Revised Q4 GDP expected +2.0% (q/q annualized) vs. preliminary +2.6%. Q4 personal consumptions expected unrevised at +4.3%. Q4 GDP price index expected unrevised at unch. Q4 core PCE deflator expected unrevised at +1.1% q/q.

0900 ET Feb Milwaukee ISM expected +2.40 to 54.00, Jan -6.01 to 51.60.

0945 ET Feb Chicago PMI expected -1.4 to 58.0, Jan +0.6 to 59.4.

1000 ET Jan pending home sales expected +2.0% m/m and +8.7% y/y, Dec -3.7% m/m and +8.5% y/y.

1000 ET Final-Feb U.S. consumer confidence index (University of Michigan) expected +0.4 to 94.0, early-Feb -4.5 to 93.6.

1015 ET New York Fed President William Dudley and Cleveland Fed President Loretta Nester are discussants of a report on the new neutral for the federal funds rate and condition of the economy at the University of Chicagos Booth School of Business 2015 U.S. Monetary Policy Forum.

1330 ET Fed Vice Chairman Stanley Fischer, ECB Vice President Vitor Constancio and BOJ Deputy Governor Hiroshi Nakaso participate in a panel discussion on Conducting Monetary Policy with a Large Balance Sheet at the University of Chicagos Booth School of Business 2015 U.S. Monetary Policy Forum.