DJIA Market Happenings For Tuesday, September 2, 2014

Dow stocks at 52 week highs include Home Depot (HD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +20 points.

Friday, the Dow closed up +18.88 (+0.11%) at 17,098.45.

Year-to-date the Dow is up +3.15%. Nasdaq is up +9.7%, S&P 500 +8.4% and Russell 2000 +0.9%.

Last week the Dow was up +0.6%, Nasdaq +0.9%, S&P 500 +0.8% and Russell 2000 +1.2%.

Dow stock winners Friday included Microsoft (MSFT) +1.23% and Home Depot (HD) +1.07%.

Dow stock losers Friday included United Technologies (UTX) -1.04% and Visa (V) -0.97%.

There were 20 Dow stock winners Friday.

Boeing (BA) was awarded a $234.7 milion contract for the production and delivery of 24 AH-6I aircraft to Saudi Arabia.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down three-tenths of a cent at $3.434 per gallon.

Earnings Reports.

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

Notable earnings reports from Monay include:

No earnings on Monday as it was a Market Holiday.

Stocks reporting earnings today include:

Aviat Networks (AVNW) is expected to report a fourth quarter loss of $0.07 on revenue of $85.01 million, compared to last year’s EPS of $0.01 on revenue of $109.00 million.

Conn’s (CONN) is expected to report second quarter EPS of $0.75 on revenue of $353.65 million, compared to last year’s EPS of $0.52 on revenue of $270.69 million.

Fabrinet (FN) is expected to report fourth quarter EPS of $0.35 on revenue of $172.02 million, compared to last year’s EPS of $0.35 on revenue of $159.93 million.

Pike Electric (PIKE) is expected to report fourth quarter EPS of $0.13 on revenue of $215.34 million, compared to last year’s EPS of $0.09 on revenue of $200.19 million.

Today’s Featured Dow Stock

Travelers Companies Inc. (TRV)

Travelers Companies Inc. (TRV) is up +4.61% year-to-date.

Financial Calendar

0945 ET Revised Aug Markit manufacturing PMI, prelim-Aug -1.5 to 55.8.

1000 ET Aug ISM manufacturing index expected -0.1 to 57.0, Jul +1.8 to 57.1. Aug ISM new orders sub-index, Jul +4.t to 63.4. Aug ISM employment sub-index, Jul +5.4 to 58.2. Aug ISM prices paid sub-index expected -0.7 to 58.8, Jul +1.5 to 59.5.

1000 ET Jul construction spending expected +1.0% m/m, Jun -1.8% m/m.

1100 ET USDA weekly grain export inspections.

1600 ET USDA weekly crop progress.

The Dow Market Happenings For Friday, August 29, 2014

Dow stocks at 52 week highs include Home Depot (HD). There are no Dow stock 52 week lows.

The Market

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

Thursday, the Dow closed down -42.44 (-0.25%) at 17,079.57.

Year-to-date the Dow is up +3.03%.

Dow stock winners Thursday included Home Depot +0.70% and Dupont (DD) +0.33%.

Dow stock losers Thursday included Visa (V) -1.17% and Nike (NKE) -1.13%

There were 11 Dow stock winners Thursday.

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European stocks are mostly higher and Asian markets ended mixed.

The national average price of gasoline is up two-tenths of a cent at $3.436 per gallon.

Earnings Reports.

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

Notable earnings reports from Thursday include:

Abercrombie & Fitch (ANF) reported second quarter EPS of $0.19 on revenue of $891.00 million, compared to last year’s EPS of $0.14 on revenue of $945.70 million.

Dollar General (DG) reported second quarter EPS of $0.83 on revenue of $4.72 billion, compared to last year’s EPS of $0.77 on revenue of $4.39 billion.

Genesco (GCO) reported second quarter EPS of $0.34 on revenue of $615.00 million, compared to last year’s EPS of $0.56 on revenue of $574.75 million.

Stocks reporting earnings today include:

Big Lots (BIG) is expected to report second quarter EPS of $0.30 on revenue of $1.20 billion, compared to last year’s EPS of $0.31 on revenue of $1.23 billion.

Noodles & Co (NDLS) is expected to report second quarter EPS of $0.10 on revenue of $104.60 million, compared to last year’s EPS of $0.11 on revenue of $88.94 million.

Today’s Featured Dow Stock

The Coca-Cola Co. (KO)

The Coca-Cola Co. (KO) is up +0.77% year-to-date.

Financial Calendar

0830 ET Jul personal spending expected +0.2%, Jun +0.4%. Jul personal income expected +0.3%, Jun +0.4%.

0830 ET Jul PCE deflator expected +0.1% m/m and +1.6% y/y, Jun +0.2% m/m and +1.6% y/y. Jul core PCE deflator expected +0.1% m/m and +1.5% y/y, Jun +0.1% m/m and +1.5% y/y.

0900 ET Aug Milwaukee ISM expected -0.87 to 60.00, Jul +3.30 to 63.87.

0945 ET Aug Chicago PMI expected +3.9 to 56.5, Jul -10.0 to 52.6.

0955 ET Final Aug University of Michigan consumer confidence expected +0.8 to 80.0, previous -2.6 to 79.2.

DJIA Market Happenings For Thursday, August 28, 2014

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 down -65 points.

Wednesday, the Dow closed up +15.31 (+0.09%) at 17,122.01.

Year-to-date the Dow is up +3.29%.

Dow stock winners Wednesday included UnitedHealth (UNH) +1.48% and Pfizer (PFE) +0.96%.

Dow stock losers Wednesday included United Technologies (UTX) -0.54% and 3M (MMM) -0.46%.

There were 17 Dow stock winners Wednesday.

Gross domestic product, the value of all goods and services produced, rose at a 4.2 percent annualized rate, up from an initial estimate of 4 percent and following a first-quarter contraction, Commerce Department figures showed today in Washington. The median economists forecast called for a 3.9 percent gain. Corporate profits climbed by the most in almost four years.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up three-tenths of a cent at $3.434 per gallon.

Earnings Reports.

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

Notable earnings reports from Wednesday include:

Brown Forman (BFB) reported report first quarter EPS of $0.70 on revenue of $921 million, compared to last year’s EPS of $0.66 on revenue of $896 million.

Brown Shoe Company (BWS) reported second quarter EPS of $0.41 on revenue of $635.90 million, compared to last year’s EPS of $0.33 on revenue of $621.71 million.

Seadrill Limited (SDRL) reported second quarter EPS of $1.24 on revenue of $1.22 billion, compared to last year’s EPS of $0.78 on revenue of $1.27 billion.

Tiffany & Co. (TIF) reported second quarter EPS of $0.96 on revenue of $992.93 million, compared to last year’s EPS of $0.83 on revenue of $925.88 million.

Stocks reporting earnings today include:

Abercrombie & Fitch (ANF) is expected to report second quarter EPS of $0.11 on revenue of $909.22 million, compared to last year’s EPS of $0.14 on revenue of $945.70 million.

Dollar General (DG) is expected to report second quarter EPS of $0.77 on revenue of $4.77 billion, compared to last year’s EPS of $0.77 on revenue of $4.39 billion.

Genesco (GCO) is expected to report second quarter EPS of $0.55 on revenue of $614.96 million, compared to last year’s EPS of $0.56 on revenue of $574.75 million.

Today’s Featured Dow Stock

Procter & Gamble Co. (PG)

Procter & Gamble Co. (PG) is up 2.33% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +2,000 to 300,000, previous -14,000 to 298,000. Weekly continuing claims expected +10,000 to 2.510 million, previous -49,000 to 2.500 million.

0830 ET Q2 GDP revision expected +3.9% vs prelim +4.0%. Q2 GDP personal consumption expected revised to +2.4% from +2.5%. Q2 GDP Price index expected unrevised at +2.0%. Q2 core PCE expected unrevised at +2.0%.

0830 ET USDA weekly Export Sales.

1000 ET Jul pending home sales expected +0.5% m/m and -3.9% y/y, Jun -1.1% m/m and -4.5% y/y.

1100 ET Aug Kansas City Fed manufacturing activity expected -2 to 7, Jul +3 to 9.

1300 ET Treasury auctions $29 billion 7-year T-notes.

The Dow Market Happenings For Wednesday, August 27, 2014

Dow stocks at 52 week highs include Home Depot (HD) and Merck (MRK) There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +6 points.

Tuesday, the Dow closed up +29.83 (+0.17%) at 17,106.70.

Year-to-date the Dow is up +3.20%.

Dow stock winners Tuesday included Pfizer (PFE) +1.04% and UnitedHealth (UNH) +1.04%.

Dow stock losers Tuesday included Intel (INTC) -0.37% and (Disney (DIS) -0.12%.

There were 17 Dow stock winners Tuesday.

European stocks are mixed and Asian markets ended mostly higher.

The national average price of gasoline is unchanged at $3.431 per gallon.

Earnings Reports.

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

Notable earnings reports from Tuesday include:

Best Buy Co. (BBY) reported second quarter EPS of $0.44 on revenue of $8.90 billion, compared to last year’s EPS of $0.32 on revenue of $9.30 billion.

Bank of Nova Scotia (BNS) reported third quarter EPS of $1.85 on revenue of $6.49 billion, compared to last year’s EPS of $1.32 on revenue of $5.60 billion.

Bank of Montreal (BMO) reported third quarter EPS of $1.73 on revenue of $4.22 billion, compared to last year’s EPS of $1.68 on revenue of $4.05 billion.

Sanderson Farms (SAFM) reported third quarter EPS of $3.30 on revenue of $768.40 million, compared to last year’s EPS of $2.95 on revenue of $738.96 million.

Stocks reporting earnings today include:

Brown Forman Corporation (BFB) is expected to report first quarter EPS of $0.72 on revenue of $947.88 million, compared to last year’s EPS of $0.66 on revenue of $896.00 million.

Brown Shoe Company (BWS) is expected to report second quarter EPS of $0.34 on revenue of $637.02 million, compared to last year’s EPS of $0.33 on revenue of $621.71 million.

Seadrill Limited (SDRL) is expected to report second quarter EPS of $0.76 on revenue of $1.31 billion, compared to last year’s EPS of $0.78 on revenue of $1.27 billion.

Tiffany & Co. (TIF) is expected to report second quarter EPS of $0.85 on revenue of $987.86 million, compared to last year’s EPS of $0.83 on revenue of $925.88 million.

Today’s Featured Dow Stock

Pfizer Inc. (PFE)

Pfizer Inc. (PFE) is down -4.64% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +1.4% with purchase sub-index -0.4% and refi sub-index +2.7%.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion 2-year floating-rate notes.

1300 ET Treasury auctions $35 billion 5-year T-notes.

DJIA Market Happenings For Tuesday, August 26, 2014

Dow stocks at 52 week highs include Disney (DIS), Home Depot (HD), Nike (NKE) and Merck (MRK) There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +20 points.

Monday, the Dow closed up +75.65 (+0.44%) at 17,076.87.

Year-to-date the Dow is up +3.02%.

Dow stock winners Monday included JPMorgan (JPM) +1.45% and Goldman Sachs (GS) +1.37%.

Dow stock losers Monday included Intel (INTC) -0.37% and (Disney (DIS) -0.12%.

There were 24 Dow stock winners Monday.

Home prices in 20 U.S. cities rose at a slower pace in the year ended in June as declining affordability and weak wage gains kept appreciation in check. The S&P/Case-Shiller index of property values increased 8.1 percent from June 2013, the smallest 12-month gain since January 2013, the group reported today in New York.

European stocks are mixed and Asian markets ended lower.

The national average price of gasoline is down four-tenths of a cent at $3.431 per gallon.

Earnings Reports.

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

Notable earnings reports from Monday include:

Adept Technology (ADEP) reported a fourth quarter loss of $0.03 on revenue of $14.30 million, compared to last year’s EPS of $0.00 on revenue of $13.70 million.

OSI Systems (OSIS) reported fourth quarter EPS of $1.19 on revenue of $260.10 million, compared to last year’s EPS of $1.02 on revenue of $227.90 million.

Stocks reporting earnings today include:

Bank of Montreal (BMO) is expected to report third quarter EPS of $1.66 on revenue of $4.25 billion, compared to last year’s EPS of $1.68 on revenue of $4.05 billion.

Bank of Nova Scotia (BNS) is expected to report third quarter EPS of $1.43 on revenue of $5.94 billion, compared to last year’s EPS of $1.32 on revenue of $5.60 billion.

Best Buy Co. (BBY) is expected to report second quarter EPS of $0.32 on revenue of $9.01 billion, compared to last year’s EPS of $0.32 on revenue of $9.30 billion.

Sanderson Farms (SAFM) is expected to report third quarter EPS of $3.85 on revenue of $789.20 million, compared to last year’s EPS of $2.95 on revenue of $738.96 million.

Today’s Featured Dow Stock

Nike Inc. (NKE)

Nike Inc. (NKE) is up +1.74% year-to-date.

Financial Calendar

0830 ET Jul durable goods orders expected +8.0% and +0.5% ex-transportation, Jun +1.7% and +1.9% ex transportation. July capital goods orders non-defense ex-aircraft expected +0.2%, June +3.3%.

0900 ET Jun FHFA house price index expected +0.3% m/m, May +0.4% m/m. Q2 house price index, Q1 +1.30% q/q.

0900 ET Jun S&P/CaseShiller composite-20 home price index expected unch m/m and +8.3% y/y, May -0.31% m/m and +9.34% y/y. Q2 S&P/CaseShiller home price index, Q1 +10.35% y/y.

1000 ET Aug consumer confidence (Conference Board) expected -1.9 to 89.0, Jul +4.5 to 90.9.

1000 ET Aug Richmond Fed manufacturing index expected -1 to 6, Jul +3 to 7.

1300 ET Treasury auctions $29 billion 2-year T-notes.