Market Happenings for Friday, January 27, 2012

Pre-market, futures are down as fourth quarter GDP came in at +2.8% with +3.2% expected. Gainers this morning include EMN (+8.13%), COG, HAL, KLAC and VRSN while losers include JNPR (-10.15%), F, CLF, CB and NUE. Light crude is up +0.20% at 99.90 and gold down -0.15% at 1,724.10.

The Market

Greece continues negotiations with private-sector creditors in an attempt to reduce its debt burden and without an agreement and access to bailout funds might not be able to make a €14 billion debt payment that’s due March 20.

European stocks were mixed in midday trading while Asian markets ended mixed.

Starbucks (SBUX) beat Wall Street estimates with strong earnings and revenue in its fourth quarter.

Procter & Gamble (PG) earned $1.10 per share in its fiscal second quarter, beating forecasts for $1.08 per share. However PG lowered its outlook for the year and shares are down 0.5% in pre-market trading.

Earnings Reports

Earnings reports: CVX-Chevron (earnings consensus $2.85), PG-Procter & Gamble (1.08), MO-Altria Group (0.49), F-Ford Motor (0.26), HON-Honeywell International (1.04), D-Dominion Resources (0.64), NEE-NextEra Energy (0.91), AEP-American Electric Power (0.41), TROW-T Rowe Price Group (0.69), MCHP-Microchip Technology (0.42), NWL-Newell Rubbermaid (0.38), IDXX-IDEXX Laboratories (0.63), DHI-DR Horton (0.04), NS-NuStar Energy LP (0.31), LM-Legg Mason (0.27).

Financial Calendar

0830 ET Q4 U.S. GDP expected +3.0% annualized, Q3 +1.8% annualized. Q4 personal consumption expected +2.4%, Q3 +1.7%. Q4 GDP price index expected +1.9%, Q3 +2.6%. Q4 core PCE expected +0.9% q/q, Q3 +2.1% q/q.

0955 ET Final Jan U.S. University of Michigan consumer confidence expected unchanged at 74.0, previous +4.1 to 74.0.

DJIA / Market Close for Thursday, January 26, 2012

The Dow ended the day down -22.33 (-0.18%) at 12,734.63.

The Dow fell in afternoon trade as unexpected weak new-home sales figures were reported for December.

AT&T (T) was a big mover today, down 2.52% to $29.45, after reporting a $6.7 billion loss, or $1.12 per share. Analysts expected earnings of $0.42. Earnings were marred by the breakup fee with T-Mobile, iPhone subsidy expenses, asset impairments, and actuarial loss on benefit plans. Revenue was $32.5 billion, slightly above the $32 billion analysts expected.

Caterpillar (CAT) was up 2.2% today after posting fourth-quarter earnings that rose almost 60% from year-ago levels on a 35% jump in revenue.

3M (MMM) was up 1.3% after announcing earnings today too and maintained its earnings guidance for 2012.

3M (MMM)

Market Happenings for Thursday, January 19, 2012

Pre-market, futures are up as investors prepare for a tidal wave of U.S. economic data, with more than 200 companies reporting their quarterly results and debt talks in Greece continue. Gainers this morning include NFLX, LSI, TER, CNX and AN while losers include ETFC, SNDK, VAR, ETN and PCP. Light crude is up +1.31% at 100.70 and gold is up +1.29% at 1,722.00.

Caterpillar Inc. (CAT) had record-breaking 2011 sales and revenues of $60.138 billion, an increase of 41 percent from $42.588 billion in 2010. Profit in 2011 was $4.928 billion, an increase of 83 percent from $2.700 billion in 2010. Earnings per share of $7.40 was up 78 percent from $4.15 in 2010 and excluding the impact of the Bucyrus acquisition, 2011 profit was $7.79 per share, up 88 percent from a year ago.

The Market

The Dow is only 52 points away from a new 52 week high (12,811).

Greece is desperate for an agreement to receive additional bailout funds from the European Union and International Monetary Fund. The country may not be able to make a €14 billion debt payment that’s due March 20 without these funds.

European stocks rose in afternoon trading. Asian markets ended mixed.

Initial jobless claims for the week ended Jan. 21 rose to 377,000, up from a revised 356,000 the prior week.

3M Co. (MMM) earned $954 million, or $1.35 per share, in the last three months of 2011, compared with $928 million, or $1.28 per share, a year ago.

AT&T (T) Excluding charges, net income was 42 cents per share in the latest quarter, a penny shy of analyst expectations. AT&T had net income of $1.09 billion, or 18 cents per share, in the same period a year earlier. Revenue rose 3.6 percent to $32.5 billion, with analysts expecting revenue of about $31.99 billion.

Earnings Reports

Earnings reports: T-AT&T (earnings consensus $0.43), CAT-Caterpillar (1.73), MMM-3M Co. (1.31), AMGN-Amgen (1.23), BMY-Bristol-Myers Squibb (0.55), CL-Colgate-Palmolive (1.29), SBUX-Starbucks (0.49), CELG-Celgene (1.05), BAX- Baxter International (1.17), LMT-Lockheed Martin (1.95), PCP-Precision Castparts (2.21), COV-Covidien PLC (1.03), TWC-Time Warner Cable (1.21), CB-Chubb (1.60), RTN-Raytheon (1.34), ETN-Eaton (1.12).

Financial Calendar

0830 ET Weekly initial unemployment claims expected +18,000 to 370,000, previous -50,000 to 352,000. Weekly continuing claims expected +68,000 to 3.500 million, previous 215,000 to 3.432 million.

0830 ET Dec durable goods orders expected +2.0% and +0.9% ex transportations, Nov +3.7% and +0.3% ex transportation.

1000 ET Dec leading indicators expected +0.7%, Nov +0.5%.

1000 ET Dec new home sales expected +1.9% to 321,000, Nov +1.6% to 315,000.

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

1630 ET Weekly money supply report and Fed balance sheet.

DJIA / Market Close for Wednesday, January 25, 2012

The Dow closed up +83.10 (+0.66%) at 12,758.85. Nasdaq, S&P 500 and Russell 2000 all closed higher with Nasdaq the biggest winner because of Apple’s monster upside day.

The Dow 30 had 24 stocks move higher today, led by CAT (+2.60%), DD (+2.39%), AA (+2.04%), TRV (+1.98%), AXP (+1.91%) and GE (+1.54%).

Dow Dogs had 8 of 10 stocks move higher today led by DD (+2.39%), GE (+1.54%) and PG (+0.74%).

The five Small Dog stocks were all up today, led by General Electric (GE) up +1.54% to close at $19.13.

The Top 5 Yielders had three stocks up and two down, again led by GE.

The Early Gainers list AA (+2.04%),BAC (+0.82%),CAT (+2.60%),JPM (-0.16%) and MSFT (+0.75%) did okay with one stock down out of the five.

Jim Cramer’s Charitable Trust Portfolio had a very nice up day led by none other than Apple Inc. (AAPL). Cramer had 26 of his 33 stock portfolio move higher today.

The Foolish Four had 2 stocks up and 2 down, with GE and PFE the winners. MRK and VZ were the losers.

The Fed said, I Promise to Keep The Rates low until late 2014.

That is if we survive the end of the Mayan calendar this year.

Whatever, it’s good enough for me.

Caterpiller (CAT)

Dupont (DD)

Alcoa (AA)

Market Happenings for Wednesday, January 25, 2012

Pre-market, futures are mixed as investors wait to here the latest interest rate decision from the Federal Reserve and keep an eye on Greece’s debt talks. Gainers this morning include CA, TXT, AAPL, LIFE and AKAM while losers include GLW, TEL, MOLX, ATI and WLP. Light crude is down -0.61% at 98.35 and gold is down -0.56% at 1,655.10.

The Market

Investors are waiting for the results of the latest Federal Reserve meeting, which are due later in the day. The Fed is also set to release forward-looking forecasts for the federal funds rate for the first time ever. The Federal Reserve is expected to leave interest rates unchanged at 0.25%.

Apple (AAPL) remains in focus, after the iPhone and iPad maker reported a huge quarterly profit of $13 billion after the closing bell Tuesday. Apple’s sales for the quarter hit $46.3 billion, sending shares higher by 7% in pre-market trading today.

Boeing (BA) shares are down 2% this morning after reporting a jump in fourth quarter profit and revenue, but issued disappointing full-year earnings guidance. Boeing reported fourth-quarter net profit of $1.4 billion, or $1.84 per share, up from $1.2 billion, or $1.56 per share, a year earlier.

United Technologies (UTX) total net income in the October-December period came in at $1.33 billion, or $1.47 per share, up from $1.2 billion, or $1.31 per share, in the same quarter in 2010.

Nasdaq is set for a higher open this morning, thanks to Apple (AAPL).

This morning Apple (AAPL) has become the biggest Market Cap company in the world, surpassing Exxon Mobil (XOM) and setting a new record high.

Earnings Reports

Earnings reports: COP-ConocoPhillips (earnings consensus $1.80), ABT-Abbott Labs (1.44), OXY-Occidental Petroleum (1.97), UTX-United Technologies (1.46), BA-Boeing (1.01), SO-Southern Co. (0.30), PX-Praxair (1.37), ADP-Automatic Data Processing (0.68), EXC-Exelon (0.88), GD-General Dynamics (1.99), WLP-WellPoint (1.12), GLW-Corning (0.33), HES-Hess Corp. (1.28), MSI-Motorola Solutions (0.82), TEL-TE Connectivity Ltd. (0.70), GWW-WW Grainger (2.12).

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +23.0% with purchase mortgage sub-index +10.0% and refinancing sub-index +26.0%.

1000 ET Nov FHFA house price purchase only index expected unchanged m/m, Oct -0.2% m/m.

1000 ET Dec pending home sales expected -1.0% m/m, Nov +7.3% m/m and +6.9% y/y.

1130 ET Treasury auctions $35 billion 5-year T-notes.

1230 ET FOMC interest rate decision (expected no change to the 0.00% to 0.25% Fed funds rate).

DJIA / Market Close for Tuesday, January 24, 2012

The Dow closed the day down -33.07 (-0.26%) at 12,675.75. Nasdaq and Russell 2000 were both up while the S&P 500 finished lower.

Tonight (right now) President Obama is delivering the State of the Union Address.

After the close Apple announced financial results for its fiscal 2012 first quarter which ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue. The Company sold 37.04 million iPhones in the quarter, representing 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4 million iPods, a 21 percent unit decline from the year-ago quarter. AAPL is up $30.67 to $451.08 in after-hours trade, putting the heat on short sellers.

Today’s leading Dow component stock was United Technologies (UTX) closing up $1.2% to end the day at $77.78. United Technologies reports earnings tomorrow morning with analysts expecting earnings per share of $1.46 and revenue of $15.1 billion.

Boeing (BA) also reports earnings tomorrow.

IBM (IBM) moved higher today finishing up 1.03% at $191.93.

Wal-Mart (WMT) was up 0.79% to end the day at $61.39 and intra-day hit a 52-week high of $62.00, a level not seen since 2008.

PSVIX was up +0.23% to 30.39 and is up +4.14% year-to-date.

So far I’m liking what Obama has to say.

Market Happenings for Tuesday, January 24, 2012

Pre-market, futures are down as investors await progress on Greek debt talks and sift through more earnings results. Gainers this morning include WDC, DGX, EMC, COH and BBBY while losers include ZION, IGT, BHI, VZ and MOS. Light crude is down -0.69% at 98.89 and gold is down -0.69% at 1,666.70.

The Market

Dupont (DD) for the fourth quarter posted net income of $373 million, or $0.40 cents per share, compared with $376 million, or 40 cents per share, a year earlier.

Johnson & Johnson (JNJ) reported fourth quarter net earnings of $3.1 billion and diluted earnings per share were $1.13. This represents increases of +9.3% and +9.7%, respectively, as compared to the same period in 2010.

MCDonald’s (MCD) reported net income of $1.38 billion or $1.33 per share, beating the $1.29 predicted by analysts. Revenue was up 10 percent to $6.82 billion, slightly above expectations of $6.81 billion.

The Travelers Companies (TRV) net income fell to $618 million ($1.51 per share) vs. $894 million ($1.95 per share) a year earlier which translates to a decline of 30.9% from the year earlier quarter. Revenue rose 0.6% to $6.37 billion from the year earlier quarter.

Verizon (VZ) reported a loss of $2.02 billion, or -$0.71 cents per share, in the fourth quarter. That compares with net income of $2.64 billion, or $0.93 cents per share, a year ago. The loss was due to big pension charge. Excluding charges, Verizon earned $0.52 cents per share, a penny shy of analyst estimates.

Earnings Reports

Earnings reports: AAPL-Apple (earnings consensus $10.11), JNJ-Johnson & Johnson (1.09), VZ-Verizon Communications (0.53), MCD-McDonolds (1.30), EMC-EMC Corp. (0.46), DD-EI du Pont de Nemours & Co. (0.33), KMB-Kimberly-Clark (1.30), NSC-Norfolk Southern (1.40), TRV-Travelers Cos. (1.52), BHI-Baker Hughes (1.32), SYK-Stryker (1.02), YHOO-Yahoo! (0.24), APD-Air Products & Chemicals (1.36), COH-Coach (1.15), ALTR-Altera (0.42), BTU-Peabody Energy (1.31), HOG-Harley-Davidson (0.22).

Financial Calendar

0745 ET ICSC (Int’l Council of Shopping Centers) weekly retailer sales.

0855 ET Redbook weekly retailer sales.

0930 ET FOMC begins 2-day policy meeting.

1000 ET Jan Richmond Fed manufacturing index expected +4 to 7, Dec +3 to 3.

1130 ET Weekly 4-week T-bill auction.

1300 ET Treasury auctions $35 billion 2-year T-notes.

2100 ET 2012 State of the Union Address.

DJIA / Market Close for Monday, January 23, 2012

Wow, a losing day. I did not like it. I did not, I did not. Now tomorrow must be a winning day. Oh yeh, oh yeh. Not very good prose, would you say?

The Dow lost -11.66 (-0.09%) to close at 12,708.82.

The Nasdaq was down, S&P 500 up a hair and Russell 2000 was down too.

Guess what year-leading Dow stock was up today? Yes it was none other than Bank of America (BAC) blazing higher today by +2.55%.

The gainers in order of most winningest (not really a word) gains first were BAC, HPQ, INTC, HD, JPM, AA, IBM, CAT, KO, UTX, CVX and MSFT.

Losers in the order of most losingest (again, not really a word) of losers were TRV, PG, VZ, AXP, MRK, GE, PFE, MCD, KFT, CSCO, JNJ, T, WMT, DIS, DD, MMM, XOM and BA.

Remember, DD, JNJ, MCD, TRV and VZ report earnings tomorrow (1/24/2012). By the way, all five traded lower today.

See all the Dow 30 earnings report dates and results here.

Market Happenings for Monday, January 23, 2012

Pre-market, futures are mixed while Greece’s debt talks are still in limbo, and U.S. companies continue to report earnings. Gainers this morning include CHK, SWN, EQT, CNX and COG while losers include NFLX, PHM, CCL, HAL and COP. Light crude is up +0.67% at 98.99 and gold is up +0.42% at 1,671.00.

The Market

The Federal Reserve starts a two-day meeting on Tuesday, and for the first time ever, the central bank will release forward-looking forecasts for the federal funds rate.

The government releases its first estimate of fourth-quarter economic growth on Friday.

European stocks gained in morning trading.

Markets in Hong Kong and China are closed Monday for Chinese New Year.

Japan’s Nikkei ended flat.

DD, JNJ, MCD, TRV and VZ report earnings tomorrow (1/24/2012).

Earnings Reports

Earnings reports: TXN-Texas Instruments (earnings consensus $0.39), VMW-VMware (0.69), HAL-Halliburton (0.99), CSX-CSX Corp. (0.44), KSU-Kansas City Southern (0.79), WDC-Western Digital (0.71), ALB-Albemarle (1.10), ZION-Zions Bancorporation (0.33), PLCM-Polycom (0.29), WWD-Woodward (0.45), CR-Crane (0.90), ELS-Equity Lifestyle Properties (0.15), PKG-Packagng Corp of America (0.37), BOH-Bank of Hawaii (0.82), CATY-Cathay General Bancorp (0.29).

Financial Calendar

1130 ET Weekly 3-mo and 6-mo T-bill auctions.

Where are the Dow Stocks at Now?

Well, I’m glad you asked!

The Dow 30 stocks as a group (not the index) are up +6.10% for the year.

The Foolish Four are up +2.63% for the year.

The Dow Small Dogs are up +4.56% for the year.

The Dow Dogs are up +1.56% for the year.

The 5 Top Yielding Dow stocks are up +1.39%

Good thing we still have over 11 months left in 2012.

The “Dow 30 Top Gainer For The Year” is none other than….. Bank of America (BAC) +27.16% followed by Alcoa (AA) +17.57%, Caterpillar (CAT) +17.12%, Microsoft (MSFT) +14.45% and JPMorgan (JPM) +13.18%.

I’m going to make a group called the “Early Gainers” out of the five stocks above and track them this year. That “Early Gainers” group (AA,BAC,CAT,JPM, MSFT) is up +17.89%.

Who would of thought Bank of America would be rising higher again?

By the way, my favorite mutual fund, PSVIX, is up a whopping +3.59% year-to-date.

Below are all the Dow 30 stocks, their respective closing prices and year-to-date gains for 2012.

MMM, 85.65, 4.80%
AA, 10.17, 17.57%
AXP, 50.04, 6.49%
T, 30.51, 2.38%
BAC, 7.07, 27.16%
BA, 75.52, 2.96%
CAT, 105.64, 17.12%
CVX, 106.89, 0.46%
CSCO, 19.92, 10.54%
KO, 68.09, -2.69%
DD, 49.42, 7.95%
XOM, 87.49, 3.22%
GE, 19.15, 6.92%
HPQ, 28.13, 9.20%
HD, 44.51, 5.88%
INTC, 26.38 , 8.78%
IBM, 188.52 , 2.52%
JNJ, 65.27, -0.47%
JPM, 37.36, 13.18%
KFT, 38.67, 3.51%
MCD, 101.74, 1.41%
MRK, 39.2, 3.98%
MSFT, 29.71, 14.45%
PFE, 21.9, 1.20%
PG, 66.23, 0.08%
TRV, 61.59, 4.09%
UTX, 76.69, 4.93%
VZ, 38.97, -1.59%
WMT, 61.01, 2.09%
DIS, 39.31, 4.83%