The Dow Market Happenings For Friday, January 23, 2015

Dow stocks at 52 week highs include Travelers (TRV), United Technologies (UTX) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +11 points.

Thursday, the Dow closed up +259.70 (+1.48%) at 17,813.98.

Year-to-date the Dow is down -0.05%.

There were 19 Dow stocks up Thursday.

The top Dow stock winners Thursday included UnitedHealth (UNH) +4.14% and JPMorgan (JPM) +3.04%.

Dow stock losers Thursday were led by American Express (AXP) -3.76% and Verizon (VZ) -0.93%.

General Electric (GE) reported Q4 EPS of 56 cents, higher than consensus of 55 cents.

McDonald’s (MCD) reported quarterly earnings of $1.1 billion, or $1.13 per share, compared to $1.4 billion, or $1.40 per share in the year-ago quarter.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is down three-tenths of a cent at $2.038 per gallon.

Earnings Reports.

Caterpillar (CAT) is expected to report earnings on 1/27/2015 before the market open.

Dupont (DD) will report earnings on 1/27/2015 before the market open.

General Electric (GE) will report earnings on 1/23/2015 before the market open.

Goldman Sachs (GS) will report earnings on 1/16/2015 before the market open.

International Business Machines (IBM) is expected to report earnings on 1/20/2015 after the market close.

Johnson & Johnson will report earnings on 1/20/2015 before the market open.

McDonald’s (MCD) will report earnings on 1/23/2015 before the market open.

3M (MMM) will report earnings on 1/27/2015 before the market open.

Microsoft (MSFT) will report earnings on 1/26/2015 after the market close.

Pfizer (PFE) will report earnings on 1/27/2015 before the market open.

Procter & Gamble (PG) is expected to report earnings on 1/27/2015 before the market open.

AT&T (T) will report earnings on 1/27/2015 after the market close.

Travelers (TRV) will report earnings on 1/22/2015 before the market open.

UnitedHealth (UNH) will report earnings on 1/21/2015 before the market open.

United Technologies (UTX) is expected to report earnings on 1/21/2015 before the market open.

Verizon (VZ) will report earnings on 1/22/2015 before the market open.

Today’s Featured Dow Stock

Boeing Co. (BA)

Boeing Co. (BA) is up +4.35% year-to-date.

Financial Calendar

0830 ET Dec Chicago Fed national activity index expected -0.18 to 0.55, Nov 0.73

0830 ET USDA weekly Export Sales.

0945 ET Preliminary Jan Markit manufacturing PMI expected +0.1 to 54.0, Dec -0.9 to 53.9.

1000 ET Dec existing home sales expected +3.0% to 5.08 million, Nov -6.1% to 4.93 million.

1000 ET Dec leading indicators expected +0.4%, Nov +0.6%.

1500 ET USDA Dec Cattle on Feed.

DJIA Market Happenings For Thursday, January 22, 2015

Dow stocks at 52 week highs include Pfizer (PFE) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -66 points.

Wednesday, the Dow closed up +339.05 (+0.37%) at 17,554.28.

Year-to-date the Dow is down -1.51%.

There were 19 Dow stocks up Wednesday.

The top Dow stock winners Wednesday included UnitedHealth (UNH) +3.50% and Caterpillar (CAT) +1.67%.

Dow stock losers Wednesday were led by International Business Machines (IBM) -3.10% and Pfizer (PFE) -1.39%.

American Express (AXP) reported Q4 EPS of $1.39, better than consensus of $1.38.

Travelers (TRV) reported Q4 EPS of $3.07, well above consensus of $2.54.

Verizon Communications (VZ) reported Q4 EPS of 71 cents, below consensus of 72 cents.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is down seven-tenths of a cent at $2.041 per gallon.

Earnings Reports.

Caterpillar (CAT) is expected to report earnings on 1/27/2015 before the market open.

Dupont (DD) will report earnings on 1/27/2015 before the market open.

General Electric (GE) will report earnings on 1/23/2015 before the market open.

Goldman Sachs (GS) will report earnings on 1/16/2015 before the market open.

International Business Machines (IBM) is expected to report earnings on 1/20/2015 after the market close.

Johnson & Johnson will report earnings on 1/20/2015 before the market open.

McDonald’s (MCD) will report earnings on 1/23/2015 before the market open.

3M (MMM) will report earnings on 1/27/2015 before the market open.

Microsoft (MSFT) will report earnings on 1/26/2015 after the market close.

Pfizer (PFE) will report earnings on 1/27/2015 before the market open.

Procter & Gamble (PG) is expected to report earnings on 1/27/2015 before the market open.

AT&T (T) will report earnings on 1/27/2015 after the market close.

Travelers (TRV) will report earnings on 1/22/2015 before the market open.

UnitedHealth (UNH) will report earnings on 1/21/2015 before the market open.

United Technologies (UTX) is expected to report earnings on 1/21/2015 before the market open.

Verizon (VZ) will report earnings on 1/22/2015 before the market open.

Today’s Featured Dow Stock

AT&T Inc. (T)

AT&T Inc. (T) is up +1.22% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -16,000 to 300,000, previous +19,000 to 316,000. Weekly continuing claims expected -24,000 to 2.400 million, previous 51,000 to 2.424 million.

0900 ET Nov FHFA house price index expected +0.3% m/m, Oct +0.6% m/m.

1100 ET Jan Kansas City Fed manufacturing activity expected unch at 8.

1100 ET EIA Weekly Petroleum Status Report.

1100 ET Treasury announces amount of 2-year T-notes (previous $27 billion), 2-year floating rate notes (previous $13 billion) 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Jan 27-29.

1300 ET Treasury auctions $15 billion of 10-year TIPS.

1500 ET USDA Dec Cold Storage.

The Dow Market Happenings For Wednesday, January 21, 2015

Dow stocks at 52 week highs include UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -66 points.

Tuesday, the Dow closed up +3.66 (+0.02%) at 17,515.23.

Year-to-date the Dow is down -1.73%.

There were 15 Dow stocks up Tuesday.

The top Dow stock winners Tuesday included Coca Cola (KO) +1.48% and American Express (AXP) +1.42%.

Dow stock losers Tuesday were led by Johnson & Johnson (JNJ) -2.64% and Intel (INTC) -0.99%.

International Business Machines Corp. (IBM) reported earnings Tuesday afternoon, with a beat on earnings and a miss on revenues. Earnings per share came in at $5.81 versus an expected EPS of $5.41, marking the first earnings beat in six quarters for IBM. Revenues however fell short of estimates at $24.11 billion versus expectations of $24.77 billion. IBM also lowered guidance on fiscal 2015 EPS to $15.75-$16.50, below consensus of $16.53.

Exxon Mobil (XOM) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo.

Wal-Mart (WMT) was downgraded to ‘Equal Weight’ from ‘Overweight’ at Morgan Stanley.

UnitedHealth Group (UNH) reported Q4 EPS of $1.55, better than consensus of $1.50

European stocks are mostly lower and Asian markets ended mixed.

The national average price of gasoline is down six-tenths of a cent at $2.048 per gallon.

Earnings Reports.

JPMorgan (JPM) will report earnings on 1/14/2015 before the market open.

American Express (AXP) is expected to report earnings on 1/15/2015 after the market close.

Intel (INTC) will report earnings on 1/15/2015 after the market close.

Caterpillar (CAT) is expected to report earnings on 1/27/2015 before the market open.

Dupont (DD) will report earnings on 1/27/2015 before the market open.

General Electric (GE) will report earnings on 1/23/2015 before the market open.

Goldman Sachs (GS) will report earnings on 1/16/2015 before the market open.

International Business Machines (IBM) is expected to report earnings on 1/20/2015 after the market close.

Johnson & Johnson will report earnings on 1/20/2015 before the market open.

McDonald’s (MCD) will report earnings on 1/23/2015 before the market open.

3M (MMM) will report earnings on 1/27/2015 before the market open.

Microsoft (MSFT) will report earnings on 1/26/2015 after the market close.

Pfizer (PFE) will report earnings on 1/27/2015 before the market open.

Procter & Gamble (PG) is expected to report earnings on 1/27/2015 before the market open.

AT&T (T) will report earnings on 1/27/2015 after the market close.

Travelers (TRV) will report earnings on 1/22/2015 before the market open.

UnitedHealth (UNH) will report earnings on 1/21/2015 before the market open.

United Technologies (UTX) is expected to report earnings on 1/21/2015 before the market open.

Verizon (VZ) will report earnings on 1/22/2015 before the market open.

Today’s Featured Dow Stock

American Express Co. (AXP)

American Express Co. (AXP) is down -6.21% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +49.1% with purchase sub-index +23.6% and refi sub-index +66.4%.

0830 ET Dec housing starts expected +1.2% to 1.040 million, Nov -1.7% to 1.028 million. Dec building permits expected +0.8% to 1.060 million, Nov -3.7% to 1.052 million.

DJIA Market Happenings For Tuesday, January 20, 2015

Dow stocks at 52 week highs include UnitedHealth (UNH). Dow stock 52 week lows include Caterpillar (CAT).

The Market

Premarket today, the Dow was indicated to open down -57 points.

Friday, the Dow closed up +190.86 (+1.10%) at 17,511.57.

Year-to-date the Dow is down -1.75%.

There were 27 Dow stocks up Friday.

The top Dow stock winners Friday included Home Depot (HD) +3.08% and Exxon Mobil (XOM) +2.43%.

Dow stock losers Friday were led by Goldman Sachs (GS) -0.71% and Wal-Mart (WMT) -0.70%.

AT&T (T) reported a Q4 $10 billion charge related to pension benefits and network assets.

Intel (INTC) was downgraded to ‘Underperform’ from ‘Market Perform’ at JMP Securities.

Johnson & Johnson (JNJ) is estimated to report its Q4 earnings at $1.26 per share on revenue of $18.56 billion.

International Business Machines Corporation (IBM) is projected to post its Q4 earnings at $5.42 per share on revenue of $24.77 billion.

European stocks are higher and Asian markets ended mixed.

The national average price of gasoline is down seven-tenths of a cent at $2.054 per gallon.

Earnings Reports.

JPMorgan (JPM) will report earnings on 1/14/2015 before the market open.

American Express (AXP) is expected to report earnings on 1/15/2015 after the market close.

Intel (INTC) will report earnings on 1/15/2015 after the market close.

Caterpillar (CAT) is expected to report earnings on 1/27/2015 before the market open.

Dupont (DD) will report earnings on 1/27/2015 before the market open.

General Electric (GE) will report earnings on 1/23/2015 before the market open.

Goldman Sachs (GS) will report earnings on 1/16/2015 before the market open.

International Business Machines (IBM) is expected to report earnings on 1/20/2015 after the market close.

Johnson & Johnson will report earnings on 1/20/2015 before the market open.

McDonald’s (MCD) will report earnings on 1/23/2015 before the market open.

3M (MMM) will report earnings on 1/27/2015 before the market open.

Microsoft (MSFT) will report earnings on 1/26/2015 after the market close.

Pfizer (PFE) will report earnings on 1/27/2015 before the market open.

Procter & Gamble (PG) is expected to report earnings on 1/27/2015 before the market open.

AT&T (T) will report earnings on 1/27/2015 after the market close.

Travelers (TRV) will report earnings on 1/22/2015 before the market open.

UnitedHealth (UNH) will report earnings on 1/21/2015 before the market open.

United Technologies (UTX) is expected to report earnings on 1/21/2015 before the market open.

Verizon (VZ) will report earnings on 1/22/2015 before the market open.

Today’s Featured Dow Stock

3M Co. (MMM)

3M Co. (MMM) is down -1.41% year-to-date.

Financial Calendar

1000 ET Jan NAHB housing market index expected +1 to 58, Dec 57.

1100 ET USDA weekly grain export inspections.

The Dow Market Happenings For Friday, January 16, 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 down -57 points.

Thursday, the Dow closed down -106.38 (-0.61%) at 17,320.71.

Year-to-date the Dow is down -2.82%.

There were 6 Dow stocks up Thursday.

The top Dow stock winners Thursday included UnitedHealth (UNH) +1.09% and Wal-Mart (WMT) +0.89%.

Dow stock losers Thursday were led by JPMorgan (JPM) -3.20% (again) and Cisco (CSCO) -1.83%. JPM was down -3.45% yesterday.

United Technologies (UTX) was unchanged Thursday.

Intel (INTC) reported Q4 EPS of 74 cents, better than consensus of 66 cents, but then said Q1 revenue would be $13.7 billion, plus or minus $500 million, which is less than consensus of $13.77 billion.

Goldman Sachs Group, Inc. (GS) reported Q4 earnings of $4.38 per share, beating consensus of $4.29 per share.

Goldman Sachs Group, Inc. GS is projected to report its Q4 earnings at $4.32 per share on revenue of $7.64 billion.

European stocks are lower and Asian markets ended mixed.

The national average price of gasoline is down three-tenths of a cent at $2.082 per gallon. Gas was $2.00 per gallon yesterday at the local Gig Harbor Costco.

Earnings Reports.

JPMorgan (JPM) will report earnings on 1/14/2015 before the market open.

American Express (AXP) is expected to report earnings on 1/15/2015 after the market close.

Intel (INTC) will report earnings on 1/15/2015 after the market close.

Caterpillar (CAT) is expected to report earnings on 1/27/2015 before the market open.

Dupont (DD) will report earnings on 1/27/2015 before the market open.

General Electric (GE) will report earnings on 1/23/2015 before the market open.

Goldman Sachs (GS) will report earnings on 1/16/2015 before the market open.

International Business Machines (IBM) is expected to report earnings on 1/20/2015 after the market close.

Johnson & Johnson will report earnings on 1/20/2015 before the market open.

McDonald’s (MCD) will report earnings on 1/23/2015 before the market open.

3M (MMM) will report earnings on 1/27/2015 before the market open.

Microsoft (MSFT) will report earnings on 1/26/2015 after the market close.

Pfizer (PFE) will report earnings on 1/27/2015 before the market open.

Procter & Gamble (PG) is expected to report earnings on 1/27/2015 before the market open.

AT&T (T) will report earnings on 1/27/2015 after the market close.

Travelers (TRV) will report earnings on 1/22/2015 before the market open.

UnitedHealth (UNH) will report earnings on 1/21/2015 before the market open.

United Technologies (UTX) is expected to report earnings on 1/21/2015 before the market open.

Verizon (VZ) will report earnings on 1/22/2015 before the market open.

Today’s Featured Dow Stock

Wal-Mart Stores Inc. (WMT)

Wal-Mart Stores Inc. (WMT) is up +1.75% year-to-date.

Financial Calendar

0830 ET Dec CPI expected -0.4% m/m and +0.7% y/y, Nov -0.3% m/m and +1.3% y/y. Dec CPI ex food & energy expected +0.1% m/m and +1.7% y/y, Nov +0.1% m/m and +1.7% y/y.

0815 ET Dec industrial production expected -0.1% m/m, Nov +1.3% m/m. Dec capacity utilization expected -0.2 to 79.9%, Nov +0.8 to 80.1%.

0850 ET Minneapolis Fed President Narayana Kocherlakota delivers a Goal-Based Monetary Policy Report and speaks on the economy to the Financial Planners Association of Minnesota.

0955 ET Preliminary U.S. Jan University of Michigan consumer confidence expected +0.5 to 94.1, Dec +4.8 to 93.6.

1100 ET San Francisco Fed President John Williams gives opening remarks and does an audience Q&A for the Bay Area Council Economic Institute 8th Annual Forecast.