DJIA Market Happenings For Tuesday, September 30, 2014

Dow stocks at 52 week highs include Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +30 points.

Monday, the Dow closed down -41.93 (-0.25%) at 17,071.22.

Year-to-date the Dow is up +3.24%.

There were 10 Dow stock winners Monday.

Dow stock losers Monday included Chevron (CVX) -0.76% and Goldman Sachs (GS) -0.70%.

Dow stock winners Monday included Intel (INTC) +1.87% and McDonald’s (MCD) +1.61%.

Alcoa (AA) and Century Aluminum (CENX -2.89%) were both upgraded to ‘Buy’ from ‘Neutral’ at BofA/Merrill.

Walgreen (WAG) reported Q4 EPS of 74 cents, right on consensus.

eBay (EBAY) jumped over 10% in premarket trading after it said it will separate eBay and PayPal into independent publicly traded companies in 2015.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down four-tenth of a cent at $3.333 per gallon.

Earnings Reports.

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

Notable earnings reports from Monday include:

SYNNEX Corporation (SNX) reported third quarter EPS of $1.59 on revenue of $3.54 billion, compared to last year’s EPS of $1.24 on revenue of $2.73 billion.

Cintas Corporation (CTAS) reported first quarter EPS of $0.78 on revenue of $1.10 billion, compared to last year’s EPS of $0.63 on revenue of $1.12 billion.

Stocks reporting earnings today include:

CarMax, Inc (KMX) is expected to report second quarter EPS of $0.67 on revenue of $3.57 billion, compared to last year’s EPS of $0.62 on revenue of $3.25 billion.

Walgreen Company (WAG) is expected to report fourth quarter EPS of $0.74 on revenue of $19.02 billion, compared to last year’s EPS of $0.73 on revenue of $27.94 billion.

Today’s Featured Dow Stock

International Business Machines Co. (IBM)

International Business Machines Co. (IBM) is up +1.10% year-to-date.

Financial Calendar

0900 ET Sep Milwaukee ISM expected +1.37 to 61.00, Aug -4.24 to 59.63.

0900 ET Jul S&P/CaseShiller composite-20 home price index expected -0.10 m/m and +7.35% y/y, Jun -0.20% m/m and +8.07% y/y.

0945 ET Sep Chicago PMI expected -2.3 to 62.0, Aug +11.7 to 64.3.

1000 ET Sep consumer confidence (Conference Board) expected +0.1 to 92.5, Aug +2.1 to 92.4.

1045 ET Fed Governor Jerome Powell speaks on a panel discussion of Government Debt Management at the Zero Lower Bound at the Brookings Institute.

1200 ET USDA Q3 Quarterly Grain Stocks.

The Dow Market Happenings For Monday, September 29, 2014

Dow stocks at 52 week highs include Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -144 points.

Friday, the Dow closed up +167.35 (+0.99%) at 17,113.15.

Year-to-date the Dow is up +3.24%. Nasdaq is up +8.0%, S&P 500 +7.3% and Russell 2000 -3.8%.

Last week the Dow was down -1.0%, Nasdaq -1.5%, S&P 500 -1.4% and Russell 2000 -2.4%.

There were 27 Dow stock winners Friday.

Dow stock losers Friday included Pfizer (PFE) -0.87% and Merck (MRK) -0.42%.

Dow stock winners Friday included Nike (NKE) +12.23% and Cisco (CSCO) +1.87%.

Pro-democracy protests in Hong Kong have investors nervous, pushing the Hang Seng index down by nearly 2%. The index is now at its lowest point since July.

The protesters, who are facing a forceful crackdown by police, are calling for free and open elections in the Chinese territory. Beijing wants to screen candidates for the city’s top office. Some protesters said they also want to draw attention to rising inequality in one of the world’s most expensive cities.

Lenovo Group Ltd has given October 1 as the date it will close its acquisition of the International Business Machines Corp (IBM) x86 server division. The deal, valued at $2.1 billion, will likely give Lenovo a leg up in the market and help the company continue to diversify as the personal computer market wanes.

Nike (NKE) was upgraded to ‘Outperform’ from ‘Neutral’ at Credit Suisse.

European stocks are lower and Asian markets ended mostly mixed.

The national average price of gasoline is down one-tenth of a cent at $3.344 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/25/14 after the market close of $1.09/share, beating consensus of $0.88/share.

Notable earnings reports from Friday include:

BlackBerry Ltd (BBRY) reported a second quarter loss of $0.02 on revenue of $916.00 million, compared to last year’s loss of $0.47 on revenue of $1.57 billion.

Finish Line Inc (FINL) reported second quarter EPS of $0.54 on revenue of $466.90 million, compared to last year’s EPS of $0.54 on revenue of $436.03 million.

Stocks reporting earnings today include:

SYNNEX Corporation (SNX) is expected to report third quarter EPS of $1.48 on revenue of $3.40 billion, compared to last year’s EPS of $1.24 on revenue of $2.73 billion.

Cintas Corporation (CTAS) is expected to report first quarter EPS of $0.75 on revenue of $1.10 billion, compared to last year’s EPS of $0.63 on revenue of $1.12 billion.

Today’s Featured Dow Stock

Intel Corp. (INTC)

Intel Corp. (INTC) is up +32.00% year-to-date.

Financial Calendar

0830 ET Aug personal spending expected +0.4%, Jul -0.1%. Aug personal income expected +0.3%, Jul +0.2%. Aug PCE deflator expected -0.1% m/m and +1.4% y/y, Jul +0.1% m/m and +1.6% y/y. Aug core PCE deflator expected unch m/m and +1.4% y/y, Jul +0.1% m/m and +1.5% y/y.

0900 ET Chicago Fed President Charles Evans speaks to the NABE on current economic conditions and monetary policy.

1000 ET Aug pending home sales expected -0.5% m/m and -1.4% y/y, Jul +3.3% m/m and -2.7% y/y.

1030 ET Sep Dallas Fed manufacturing activity expected +3.4 to 10.5, Aug -5.6 to 7.1.

1100 ET USDA weekly grain export inspections.

1600 ET USDA weekly crop progress.

DJIA Market Happenings For Friday, September 26, 2014

Dow stocks at 52 week highs include Dupont (DD) and Johnson & Johnson (JNJ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +31 points.

Thursday, the Dow closed down -264.26 (-1.54%) at 16,945.80.

Year-to-date the Dow is up +2.23%.

There were no Dow stock winners Thursday.

Dow stock losers Thursday included JPMorgan (JPM) -2.40% and UnitedHealth (UNH) -2.30%.

There were no Dow stock winners Thursday.

Nike (NKE) reported earnings Thursday after the market close of $1.09/share, beating consensus of $0.88/share. Shares in Nike (NKE) were up about 7% premarket after the company reported a 70% jump in online sales in the past quarter.

Intel Corporation (INTC) is planning to spend about $1.5 billion in order to buy a 20 percent stake in Tsinghua Unigroup, a move that will help the company expand further into the smartphone market. Tsinghua owns Spreadtrum Communications and RDA Microelectronics, companies that manufacture smartphone computer chips. When the deal is completed, Intel is expected to team up with the Chinese corporation to make a new line of chips.

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

The national average price of gasoline is down one-tenth of a cent at $3.344 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 9/25/14 after the market close.

Notable earnings reports from Thursday include:

Diamond Foods, Inc. (DMND) reported fourth quarter EPS of $0.19 on revenue of $219.10 million, compared to last year’s EPS of $0.09 on revenue of $199.80 million.

Micron Technology, Inc. (MU) reported fourth quarter EPS of $0.82 on revenue of $4.23 billion, compared to last year’s EPS of $0.20 on revenue of $2.84 billion.

Nike Inc (NKE) reported first quarter EPS of $1.09 on revenue of $7.96 billion, compared to last year’s EPS of $0.86 on revenue of $6.97 billion.

Thor Industries, Inc. (THO) reported fourth quarter EPS of $1.25 on revenue of $1.04 billion, compared to last year’s EPS of $1.04 on revenue of $914.00 million.

Stocks reporting earnings today include:

BlackBerry Ltd (BBRY) is expected to report a second quarter loss of $0.16 on revenue of $942.93 million, compared to last year’s loss of $0.47 on revenue of $1.57 billion.

Finish Line Inc (FINL) is expected to report second quarter EPS of $0.60 on revenue of $477.61 million, compared to last year’s EPS of $0.54 on revenue of $436.03 million.

Today’s Featured Dow Stock

Home Depot Inc. (HD)

Home Depot Inc. (HD) is up +11.61% year-to-date.

Financial Calendar

0830 ET U.S. Q2 GDP expected revised to +4.6% (q/q annualized) from +4.2%. Q2 personal consumption expected revised to +3.0% from +2.5%. Q2 GDP price index expected unrevised at +2.1%. Q2 core PCE deflator expected unrevised at +2.0%.

0955 ET Final U.S. Sep University of Michigan consumer confidence expected +0.2 to 84.8, previous +2.1 to 84.6.

1500 ET USDA Q3 Hogs & Pigs inventory.

The Dow Market Happenings For Thursday, September 25, 2014

Dow stocks at 52 week highs include Dupont (DD) and Johnson & Johnson (JNJ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open dpwn -33 points.

Wednesday, the Dow closed up +154.19 (+0.90%) at 17.210.06.

Year-to-date the Dow is up +3.82%.

Dow stock winners Wednesday were Dupont (DD) +2.52% and Wal-Mart (WMT) +1.96%.

Dow stock losers Wednesday included Chevron (CVX) -0.54%, General Electric (GE) -0.35% and Exxon Mobil (XOM) -0.22%.

There were 27 Dow stock winners Wednesday.

Applications for unemployment benefits in the U.S. increased less than forecast last week. The labor department reported today that first-time jobless claims climbed 12,000 to 293,000 in the week ended Sept. 20. The median forecast called for 296,000. Claims reached a 14-year low of 279,000 in mid-July.

Boeing (BA +0.94%) was awarded a $102 million government contract for full rate production of the Next Generation Automatic Test System.

Nike (NKE) reports earnings today after the market close.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up one-tenth of a cent at $3.345 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 9/25/14 after the market close.

Notable earnings reports from Wednesday include:

Accenture Plc (ACN) reported fourth quarter EPS of $1.08 on revenue of $8.27 billion, compared to last year’s EPS of $1.01 on revenue of $7.09 billion.

KB Home (KBH) reported third quarter EPS of $0.28 on revenue of $589.20 million, compared to last year’s EPS of $0.30 on revenue of $548.97 million.

Jabil Circuit, Inc. (JBL) reported fourth quarter EPS of $0.48 on revenue of $4.06 billion, compared to last year’s EPS of $0.56 on revenue of $4.81 billion.

Paychex, Inc. (PAYX) reported first quarter EPS of $0.47 on revenue of $666.80 million, compared to last year’s EPS of $0.44 on revenue of $607.90 million.

Stocks reporting earnings today include:

Diamond Foods, Inc. (DMND) is expected to report fourth quarter EPS of $0.15 on revenue of $208.41 million, compared to last year’s EPS of $0.09 on revenue of $199.80 million.

Micron Technology, Inc. (MU) is expected to report fourth quarter EPS of $0.80 on revenue of $4.15 billion, compared to last year’s EPS of $0.20 on revenue of $2.84 billion.

Nike Inc (NKE) is expected to report first quarter EPS of $0.88 on revenue of $7.80 billion, compared to last year’s EPS of $0.86 on revenue of $6.97 billion.

Thor Industries, Inc. (THO) is expected to report fourth quarter EPS of $1.22 on revenue of $1.09 billion, compared to last year’s EPS of $1.04 on revenue of $914.00 million.

Today’s Featured Dow Stock

Goldman Sachs Group Inc. (GS)

Goldman Sachs Group Inc. (GS) is up +5.95% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +16,000 to 296,000, previous -36,000 to 280,000. Weekly continuing claims expected +11,000 to 2.440 million, previous -63,000 to 2.429 million.

0830 ET Aug durable goods orders expected -18.0% and +0.6% ex transportation, Jul +22.6% and -0.7% ex transportation. Aug non-defense ex-aircraft capital goods orders expected +0.4%, July -0.7%.

0830 ET USDA weekly Export Sales.

0945 ET Preliminary Sep Markit services PMI expected -0.3 to 59.2, Aug -1.3 to 59.5

0945 ET Preliminary Sep Markit composite PMI, Aug -0.9 to 59.7.

1100 ET Sep Kansas City Fed manufacturing activity index expected +3 to 6, Aug -6 to 3.

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

1320 ET Atlanta Fed President Dennis Lockhart speaks on the economic outlook and monetary policy to the Mississippi Council for Economic Education.

DJIA Market Happenings For Wednesday, September 24, 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 p +27 points.

Tuesday, the Dow closed down -116.81 (-0.68%) at 17,055.87.

Year-to-date the Dow is up +2.89%.

The Dow stock winner Tuesday was JPMorgan (JPM) +0.05%.

Dow stock losers Tuesday included UnitedHealth (UNH) -1.34% and Travellers (TRV) -1.11%.

There was 1 Dow stock winner Tuesday.

On Tuesday, the U.S. began its first wave of airstrikes in Syria, backed by its Arab allies.

Nike (NKE) will report earnings today, after the market close.

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

The national average price of gasoline is up four-tenths of a cent at $3.344 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 9/25/14 after the market close.

Notable earnings reports from Tuesday include:

Bed Bath & Beyond Inc. (BBBY) reported second quarter EPS of $1.17 on revenue of $2.94 billion, compared to last year’s EPS of $1.16 on revenue of $2.82 billion.

Carnival Corporation (CCL) reported third quarter EPS of $1.58 on revenue of $4.95 billion, compared to last year’s EPS of $1.38 on revenue of $4.73 billion.

CarMax Inc. (KMX) reported second quarter EPS of $0.70 on revenue of $3.60 billion, compared to last year’s EPS of $0.62 on revenue of $3.25 billion.

Steelcase Inc. (SCS) reported second quarter EPS of $0.27 on revenue of $786.70 million, compared to last year’s EPS of $0.24 on revenue of $757.60 million.

Stocks reporting earnings today include:

Accenture PLC (ACN) is expected to report fourth quarter EPS of $1.10 on revenue of $7.62 billion, compared to last year’s EPS of $1.01 on revenue of $7.09 billion.

Jabil Circuit, Inc. (JBL) is expected to report fourth quarter EPS of $0.00 on revenue of $3.82 billion, compared to last year’s EPS of $0.56 on revenue of $4.81 billion.

KB Home (KBH) is expected to report third quarter EPS of $0.40 on revenue of $646.76 million, compared to last year’s EPS of $0.30 on revenue of $548.97 million.

Paychex, Inc. (PAYX) is expected to report first quarter EPS of $0.46 on revenue of $662.63 million, compared to last year’s EPS of $0.44 on revenue of $607.90 million.

Today’s Featured Dow Stock

General Electric Co. (GE)

General Electric Co. (GE) is down -7.17% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +7.9% with purchase sub-index +4.8% and refi sub-index +10.3%.

1000 ET Aug new home sales expected +4.4% to 430,000, Jul -2.4% to 412,000.

1030 ET EIA Weekly Petroleum Status Report.

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

1205 ET Cleveland Fed President Loretta Mester speaks on the economy and monetary policy at a luncheon in Cleveland.

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

1300 ET Chicago Fed President Charles Evans speaks at a conference on labor market slack at the Peterson Institute for International Economics.