The Dow Market Happenings For Wednesday, November 26, 2014

Dow stocks at 52 week highs includes Cisco (CSCO), Intel (INTC) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -9 points.

Tuesday, the Dow closed dpwn -2.96 (-0.02%) at 17,814.94.

Year-to-date the Dow is up +7.47%.

There were 14 Dow stock winners Tuesday.

Dow stock winners Tuesday included United Technologies +2.68% and Disney (DIS) +1.18%.

Dow stock losers Tuesday included Home Depot (HD) -1.41% and Chevron (CVX) -1.22%.

One time Dow stock Hewlett-Packard (HPQ) is down in after-hours trading after it reported Q4 EPS of $1.06, right on consensus, although Q4 revenue of $28.40 billion was less than consensus of$28.76 billion.

European stocks are mixed and Asian markets ended higher.

The national average price of gasoline is down two-tenths of a cent at $2.810 per gallon.

Earnings Reports.

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

Notable earnings reports from Tuesday include:

Hewlett-Packard Company (HPQ) reported fourth quarter EPS of $1.06 on revenue of $28.4 billion, compared to last year’s EPS of $1.01 on revenue of $29.13 billion.

Hormel Foods Corporation (HRL) reported fourth quarter EPS of $0.63 on revenue of $2.54 billion, compared to last year’s EPS of $0.58 on revenue of $2.32 billion.

Campbell Soup Company (CPB) reported first quarter EPS of $0.74 on revenue of $2.26 billion, compared to last year’s EPS of $0.66 on revenue of $2.16 billion.

Tiffany & Co. (TIF) reported third quarter EPS of $0.76 on revenue of $959.59 million, compared to last year’s EPS of $0.73 on revenue of $922.48 million.

Stocks reporting earnings today include:

Deere & Company (DE) is expected to report fourth quarter EPS of $1.57 on revenue of $7.75 billion, compared to last year’s EPS of $2.11 on revenue of $8.62 billion.

Seadrill Limited (SDRL) is expected to report third quarter EPS of $0.67 on revenue of $1.23 billion, compared to last year’s EPS of $0.58 on revenue of $1.28 billion.

Today’s Featured Dow Stock

United Technologies Corp. (UTX)

United Technologies Corp. (UTX) is down -1.84% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +4.9% with purchase sub-index +11.7% and refi sub-index +0.9%.

0830 ET Weekly initial unemployment claims expected -3,000 to 288,000, previous -2,000 to 291,000. Weekly continuing claims expected +20,000 to 2.350 million, previous -73,000 to 2.330 million.

0830 ET Oct personal spending expected +0.3%, Sep -0.2%. Oct personal income expected +0.4%, Sep +0.2%.

0830 ET Oct PCE deflator expected unch m/m and +1.4% y/y, Sep +0.1% m/m and +1.4% y/y. Oct core PCE deflator expected +0.2% m/m and +1.5% y/y, Sep +0.1% m/m and +1.5% y/y.

0830 ET Oct durable goods orders expected -0.6% and +0.5% ex transportation, Sep -1.1% and -0.1% ex transportation. Oct capital goods orders non-defense ex-air expected +0.8%, Sep -1.6%.

0945 ET Nov Chicago PMI expected -3.2 to 63.0, Oct +5.7 to 66.2.

0955 ET Final-Nov U.S. consumer confidence (University of Michigan) expected +0.6 to 90.0, early-Nov +2.5 to 89.4.

1000 ET Oct pending home sales expected +0.5% m/m and +2.5% y/y, Sep +0.3% m/m and +1.0% y/y.

1000 ET Oct new home sales expected +0.6% to 470,000, Sep +0.2% to 467,000.

1030 ET EIA Weekly Petroleum Status Report.

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

DJIA Market Happenings for Tuesday, November 25, 2014

Dow stocks at 52 week highs includes Cisco (CSCO). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +36 points.

Monday, the Dow closed up +7.84 (+0.04%) at 17,817.90.

Year-to-date the Dow is up +7.49%.

There were 15 Dow stock winners Monday.

Dow stock winners Monday included Intel (INTC) +1.85% and Disney (DIS) +1.82%.

Dow stock losers Monday included AT&T (T) -1.64% and Verizon (VZ) -1.41%.

Dupont (DD) was unchanged Monday.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $2.812 per gallon.

Earnings Reports.

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

Notable earnings reports from Monday include:

Aegean Marine Petroleum Network, Inc. (ANW) reported third quarter EPS of $0.20 on revenue of $1.81 billion, compared to last year’s EPS of $0.16 on revenue of $1.60 billion.

Brocade Communications (BRCD)reported fourth quarter EPS of $0.24 on revenue of $564.00 million, compared to last year’s EPS of $0.24 on revenue of $558.80 million.

Trina Solar Limited (TSL) reported third quarter EPS of $0.14 on revenue of $616.80 million, compared to last year’s EPS of $0.14 on revenue of $548.80 million.

Stocks reporting earnings today include:

Campbell Soup Company (CPB) is expected to report first quarter EPS of $0.72 on revenue of $2.22 billion, compared to last year’s EPS of $0.66 on revenue of $2.16 billion.

Hormel Foods Corporation (HRL) is expected to report fourth quarter EPS of $0.63 on revenue of $2.50 billion, compared to last year’s EPS of $0.58 on revenue of $2.32 billion.

Hewlett-Packard Company (HPQ) is expected to report fourth quarter EPS of $1.06 on revenue of $28.77 billion, compared to last year’s EPS of $1.01 on revenue of $29.13 billion.

Tiffany & Co. (TIF) is expected to report third quarter EPS of $0.77 on revenue of $970.67 million, compared to last year’s EPS of $0.73 on revenue of $922.48 million.

Today’s Featured Dow Stock

Travelers Companies Inc. (TRV)

Travelers Companies Inc. (TRV) is up +14.63% year-to-date.

Financial Calendar

0830 ET Q3 GDP expected revised to +3.3% (q/q annualized) from last +3.5%. Q3 personal consumption expected +1.9% vs +1.8%. Q3 GDP price index expected unrevised at +1.3%. Q3 core PCE expected unrevised at +1.4%.

0900 ET Sep FHFA house price index expected +0.4% m/m, Aug +0.5% m/m. Q3 house price purchase index, Q2 +0.81%.

0900 ET Sep S&P/CaseShiller composite-20 home price index expected +0.30% m/m and +4.60% y/y, Aug -0.15% m/m and +5.57% y/y.

1000 ET Nov U.S. consumer confidence (Conference Board) expected +1.5 to 96.0, Oct +5.5 to 94.5.

1000 ET Nov Richmond Fed manufacturing index expected -4 to 16, Oct +6 to 20.

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

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

The Dow Market Happenings For Monday, November 24, 2014

Dow stocks at 52 week highs include 3M (MMM), Cisco (CSCO), Nike (NKE), Travelers (TRV), Visa (V) and Intel (INTC). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +41 points.

Friday, the Dow closed up +91.06 (+0.51%) at 17,810.06.

Year-to-date the Dow is up +7.44%. Nasdaq is up +12.8%, S&P 500 +11.6% and Russell 2000 +0.8%.

Last week the Dow was up +1.0%, Nasdaq +0.5%, S&P 500 +1.2% and Russell 2000 was down -0.1%.

There were 24 Dow stock winners Friday.

Dow stock winners Friday included Caterpillar (CAT) +4.27% and United Technologies (UTX) +1.36%.

Dow stock losers Friday included Microsoft (MSFT) -1.48% and Intel (INTC) -1.00%.

AT&T (T) was unchanged Friday.

Verizon (VZ) was downgraded to ‘Neutral’ from ‘Buy’ at Citigroup.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline over the weekend is down 2.6 cents at $2.813 per gallon.

Earnings Reports.

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

Stocks reporting earnings today include:

Aegean Marine Petroleum Network Inc (ANW) is expected to report third quarter EPS of $0.21 on revenue of $1.76 billion, compared to last year’s EPS of $0.16 on revenue of $1.60 billion.

Brocade Communications (NASDAQ: (BRCD) is expected to report fourth-quarter EPS of $0.23 on revenue of $562.43 million, compared to last year’s EPS of $0.24 on revenue of $558.80 million.

Trina Solar Limited (TSL)is expected to report third quarter EPS of $0.15 on revenue of $645.68 million, compared to last year’s EPS of $0.14 on revenue of $548.80 million.

Today’s Featured Dow Stock

The Coca-Cola Co. (KO)

The Coca-Cola Co. (KO) is up +7.72% year-to-date.

Financial Calendar

0830 ET Oct Chicago Fed national activity index expected -0.07 to 0.40, Sep 0.47.

0945 ET Preliminary Nov Markit services PMI expected +0.1 to 57.2, Oct -1.8 to 57.1. Nov Markit composite PMI, Oct was -1.8 to 57.2.

1030 ET Nov Dallas Fed manufacturing activity expected -2.5 to 8.0, Oct -0.3 to 10.5.

1300 ET Treasury auctions $28 billion of 2-year T-notes.

1100 ET USDA weekly grain export inspections.

1600 ET USDA weekly crop progress.

DJIA Market Happenings For Friday, November 21, 2014

Dow stocks at 52 week highs include Cisco (CSCO), Nike (NKE), Travelers (TRV) and Intel (INTC). Dow stock 52 week lows include International Business Machines (IBM).

The Market

Premarket today, the Dow was indicated to open up +152 points.

Thursday, the Dow closed up +33.27 (+0.19%) at 17,719.00.

Year-to-date the Dow is up +6.89%.

There were 18 Dow stock winners Thursday.

Dow stock winners Thursday included Intel (INTC) +4.66% and Microsoft (MSFT) +1.00%.

Dow stock losers Thursday included Disney (DIS) -1.02% and JPMorgan (JPM) -0.79%.

Pfizer (PFE) was unchanged Thursday.

In China, the central bank cut its benchmark interest rates by 25 basis points to give the economy a boost, according to state-run news agency Xinhua. It’s the first rate cut there since 2012.

European markets also were striding higher in early trading, helped by dovish remarks from European Central Bank President Mario Draghi.

Intel (INTC) was downgraded to ‘Sell’ from ‘Underperform’ at CLSA.

Yesterday, AT&T Inc. (T) agreed to settle a lawsuit alleging that the company dumped its electronic waste in California illegally. The telecommunications company will pay $423.8 million in order to end the dispute as well as changing its environmental policies to include contractor inspections and independent audits.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down 1.1 cents at $2.839 per gallon.

Earnings Reports.

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

Notable earnings reports from Thursday include:

Autodesk, Inc. (ADSK) reported third quarter EPS of $0.25 on revenue of $618.00 million, compared to last year’s EPS of $0.41 on revenue of $555.20 million.

Best Buy Co., Inc. (BBY) reported third quarter EPS of $0.30 on revenue of $9.38 billion, compared to last year’s EPS of $0.18 on revenue of $9.36 billion.

Dollar Tree, Inc. (DLTR) reported third quarter EPS of $0.69 on revenue of $2.10 billion, compared to last year’s EPS of $0.58 on revenue of $1.88 billion.

GameStop Corporation (GME) reported third quarter EPS of $0.57 on revenue of $2.09 billion, compared to last year’s EPS of $0.58 on revenue of $2.11 billion.

Gap Inc. (GPS) reported third quarter EPS of $0.80 on revenue of $3.97 billion, compared to last year’s EPS of $0.72 on revenue of $3.98 billion.

Stocks reporting earnings today include:

ANN INC. (ANN) is expected to report third quarter EPS of $0.70 on revenue of $651.93 million, compared to last year’s EPS of $0.89 on revenue of $657.53 million.

Berry Plastics Group (BERY) is expected to report fourth quarter EPS of $0.37 on revenue of $1.33 billion, compared to last year’s EPS of $0.33 on revenue of $1.20 billion.

Footlocker, Inc. (FL) is expected to report third quarter EPS of $0.79 on revenue of $1.72 billion, compared to last year’s EPS of $0.68 on revenue of $1.62 billion.

Today’s Featured Dow Stock

Procter & Gamble Co. (PG)

Procter & Gamble Co. (PG) is up +8.67% year-to-date.

Financial Calendar

1100 ET Nov Kansas City Fed manufacturing activity expected +2 to 6, Oct -2 to 4.

1500 ET USDA Oct Cattle on Feed.

1500 ET USDA Oct Cold Storage.

The Dow Market Happenings For Thursday, November 20, 2014

Dow stocks at 52 week highs include Nike (NKE) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -80 points.

Wednesday, the Dow closed down -2.09 (-0.01%) at 17,685.73.

Year-to-date the Dow is up +6.69%.

There were 13 Dow stock winners Wednesday.

Dow stock winners Wednesday included Coca COla (KO) +1.59% and Wal-Mart (WMT) +1.43%.

Dow stock losers Wednesday included Verizon (VZ) -1.43% and UnitedHealth (UNH) -1.35%.

The Labor Department reported initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 291,000 for the week ended Nov. 15. The prior week’s data was revised to show 3,000 more applications received than previously reported. The four-week moving average of claims increased 1,750 to 287,500, still at levels consistent with solid employment growth. Economists forecast claims dipping to 285,000 last week. Claims have now been below the 300,000 threshold for 10 straight weeks, a sign that the labor market is tightening.

The Federal Reserve’s October meeting minutes left something to be desired after being released on Wednesday. The report revealed little new information to investors who have been wondering when and how the bank plans to raise interest rates. The minutes showed that the U.S. central bankers are concerned about whether or not inflation will continue to improve and if the U.S. economy can continue to stabilize while the global economy struggles.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down 1.3 cents at $2.850 per gallon.

Earnings Reports.

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

Notable earnings reports from Wednesday include:

Lowe’s Companies, Inc. (LOW) reported third quarter EPS of $0.59 on revenue of $13.70 billion, compared to last year’s EPS of $0.47 on revenue of $12.96 billion.

Staples, Inc. (SPLS) reported third quarter EPS of $0.37 on revenue of $5.96 billion, compared to last year’s EPS of $0.42 on revenue of $6.11 billion.

Salesforce.com Inc. (CRM) reported third quarter EPS of $0.14 on revenue of $1.38 billion, compared to last year’s EPS of $0.09 on revenue of $1.08 billion.

Target Corporation (TGT) reported third quarter EPS of $0.54 on revenue of $17.73 billion, compared to last year’s EPS of $0.56 on revenue of $17.26 billion.

Stocks reporting earnings today include:

Autodesk, Inc. (ADSK) is expected to report third quarter EPS of $0.22 on revenue of $601.76 million, compared to last year’s EPS of $0.41 on revenue of $555.20 million.

Best Buy Co., Inc. (BBY) is expected to report third quarter EPS of $0.24 on revenue of $9.06 billion, compared to last year’s EPS of $0.18 on revenue of $9.36 billion.

Dollar Tree, Inc. (DLTR) is expected to report third quarter EPS of $0.64 on revenue of $2.06 billion, compared to last year’s EPS of $0.58 on revenue of $1.88 billion.

GameStop Corporation (GME) is expected to report third quarter EPS of $0.61 on revenue of $2.21 billion, compared to last year’s EPS of $0.58 on revenue of $2.11 billion.

Gap Inc. (GPS) is expected to report third quarter EPS of $0.75 on revenue of $4.04 billion, compared to last year’s EPS of $0.72 on revenue of $3.98 billion.

Today’s Featured Dow Stock

Pfizer Inc. (PFE)

Pfizer Inc. (PFE) is down -0.62% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -6,000 to 284,000, previous +12,000 to 290,000. Weekly continuing claims expected -22,000 to 2.370 million, previous +36,000 to 2.392 million.

0830 ET Oct CPI expected -0.1% m/m and +1.6% y/y, Sep +0.1% m/m and +1.7% y/y. Oct CPI ex food & energy expected +0.1% m/m and +1.7% y/y, Sep +0.1% m/m and +1.7% y/y.

0830 ET USDA weekly Export Sales.

0945 ET Preliminary Nov Markit manufacturing PMI expected +0.4 to 56.3, Oct -1.6 to 55.9.

1000 ET Nov Philadelphia Fed manufacturing index expected -2.2 to 18.5, Oct -1.8 to 20.7.

1000 ET Oct existing home sales expected -0.4% to 5.15 million, Sep +2.4% m/m to 5.17 million.

1000 ET Oct leading indicators expected +0.6%, Sep +0.8%.

1100 ET Treasury announces amounts of 2-year T-notes (previous $29 billion), 2-year floating-rate notes (previous $15 billion), 5-year T-notes (previous $35 billion), and 7-year T-notes (previous $29 billion) to be auctioned Nov 24-26.

1300 ET Treasury auctions $13 billion of 10-year TIPS.

1330 ET Cleveland Fed President Loretta Mester delivers a speech on Forward Guidance and Communications in U.S. Monetary Policy at the Imperial College Business School in London.