DJIA Market Happenings For Monday, September 22, 2014

Dow stocks at 52 week highs include Dupont (DD), Home Depot (HD) Johnson & Johnson (JNJ), Goldman Sachs (GS), Micrososft (MSFT), JPMorgan (JPM) and 3M (MMM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -38 points.

Friday, the Dow closed up +13.75 (+0.08%) at 17,279.74.

Year-to-date the Dow is up +4.24%. Nasdaq is at +9.7%, S&P 500 +8.8% and Russell 2000 -1.4%.

Last week the Dow was up +1.7%, Nasdaq +0.3%, S&P 500 +1.3% and Russell 2000 -1.2%.

Dow stock winners Friday included Microsoft (MSFT) +1.80% and Verizon (VZ) +1.33%.

Dow stock losers Friday included Caterpillar (CAT) -1.75% and Intel (INTC) -1.00%.

There were 26 Dow stock winners Friday.

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

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down five-tenths of a cent at $3.338 per gallon.

Earnings Reports.

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

Notable earnings reports from Friday include:

There were no notable earnings released Friday.

Stocks reporting earnings today include:

AutoZone, Inc. (AZO) is expected to report fourth quarter EPS of $11.26 on revenue of $3.07 billion, compared to last year’s EPS of $10.42 on revenue of $3.10 billion.

Today’s Featured Dow Stock

E I du Pont de Nemours and Co. (DD)

E I du Pont de Nemours and Co. (DD) is up +9.67% year-to-date.

Financial Calendar

0830 ET Aug Chicago Fed national activity index expected -0.06 to 0.33, Jul 0.39.

1000 ET Aug existing home sales expected +1.0% to 5.20 million, Jul +2.4% to 5.15 million.

1005 ET New York Fed President William Dudley does an interview for Bloomberg News.

1100 ET USDA weekly grain export inspections.

1500 ET USDA Aug Cold Storage.

1600 ET USDA weekly crop progress.

The Dow Market Happenings For Friday, September 19, 2014

Dow stocks at 52 week highs include Dupont (DD), Johnson & Johnson (JNJ), Goldman Sachs (GS) and 3M (MMM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +71 points.

Thursday, the Dow closed up +109.14 (+0.64%) at 17,265.99.

Year-to-date the Dow is up +4.16%.

Dow stock winners Thursday included Dupont (DD) +2.82% and JPMorgan (JPM) +1.67%.

Dow stock losers Thursday included Exxon Mobil (XOM) -0.48% and Chevron (CVX) -0.47%.

There were 26 Dow stock winners Thursday.

Home Depot (HD) raised guidance on fiscal 2015 EPS view to $4.54 from $4.52, higher than consensus of $4.50.

Alibaba Group Holding (NYSE: BABA) raised $21.8 billion in its initial public offering, one of the largest ever. The Chinese e-commerce company priced its shares at $68, the high end of the expected range. The high share price values the company at $167.6 billion.

Alibaba (BABA) was initiated with a ‘Buy’ at Cantor with a price target of $90.

Home Depot (HD) has said that around 56 billion customer payment cards may have been at risk following a cyber attack that began back in April.The company estimated that the hacking incident is going to cost them $62 million, but has said it will take more time to determine how much damage has been done.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down eight-tenths of a cent at $3.356 per gallon.

Earnings Reports.

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

Notable earnings reports from Thursday include:

ConAgra Foods, Inc. (CAG) reported first quarter EPS of $0.39 on revenue of $3.70 billion, compared to last year’s EPS of $0.37 on revenue of $4.20 billion.

IHS Inc. (IHS) reported third quarter EPS of $1.49 on revenue of $556.00 million, compared to last year’s EPS of $1.27 on revenue of $480.29 million.

Oracle Corporation (ORCL) reported first quarter EPS of $0.62 on revenue of $8.60 billion, compared to last year’s EPS of $0.59 on revenue of $8.77 billion.

Rite Aid Corporation (RAD) reported second quarter EPS of $0.13 on revenue of $6.52 billion, compared to last year’s EPS of $0.03 on revenue of $6.28 billion.

Stocks reporting earnings today include:

There are no notable earnings expected to be released Friday.

Today’s Featured Dow Stock

Cisco Systems Inc. (CSCO)

Cisco Systems Inc. (CSCO) is up +12.44% year-to-date.

Financial Calendar

1000 ET Aug leading indicators expected +0.4%, Jul +0.9%.

1500 ET USDA Aug Cattle on Feed.

DJIA Market Happenings For Thursday, September 18, 2014

Dow stocks at 52 week highs include Goldman Sachs (GS). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +47 points.

Wednesday, the Dow closed up +24.88 (+0.15%) at 17,156.85.

Year-to-date the Dow is up +3.50%.

Dow stock winners Wednesday included Home Depot (HD) +1.05% and Pfizer (PFE) +1.00%.

Dow stock losers Wednesday included Caterpillar (CAT) -0.83% and Visa (V) -0.81%

There were 17 Dow stock winners Wednesday.

Alibaba (BABA) is expected to price its IPO after the market close in a range of $66 to $68 per share. The Chinese e-commerce giant is set to start trading in New York Friday in what could be the biggest initial public offering of all time.

Scots have begun voting Thursday morning to decide whether Scotland should become an independent country.

DuPont (DD) was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan Chase.

Yesterday the Fed said it was planning to finish tapering its quantitative easing program in October, but maintained that it would keep interest rates low for a “considerable time.” Although the bank was reluctant to provide details about when it would begin increasing interest rates, it did hint that rates would likely rise quickly once the bank started.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down nine-tenths of a cent at $3.364 per gallon.

Earnings Reports.

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

Notable earnings reports from Wednesday include:

FedEx Corporation (FDX) reported first quarter EPS of $2.10 on revenue of $11.70 billion, compared to last year’s EPS of $1.53 on revenue of $11.02 billion.

General Mills, Inc. (GIS) reported first quarter EPS of $0.61 on revenue of $4.27 billion, compared to last year’s EPS of $0.70 on revenue of $4.37 billion.

Lennar Corporation (LEN) reported third quarter EPS of $0.78 on revenue of $2.01 billion, compared to last year’s EPS of $0.54 on revenue of $1.60 billion.

United Natural Foods, Inc. (UNFI) reported fourth quarter EPS of $0.67 on revenue of $1.76 billion, compared to last year’s EPS of $0.65 on revenue of $1.64 billion.

Stocks reporting earnings today include:

ConAgra Foods, Inc. (CAG) is expected to report first quarter EPS of $0.35 on revenue of $3.77 billion, compared to last year’s EPS of $0.37 on revenue of $4.20 billion.

IHS Inc. (IHS) is expected to report third quarter EPS of $1.44 on revenue of $556.66 million, compared to last year’s EPS of $1.27 on revenue of $480.29 million.

Oracle Corporation (ORCL) is expected to report first quarter EPS of $0.64 on revenue of $8.77 billion, compared to last year’s EPS of $0.59 on revenue of $8.77 billion.

Rite Aid Corporation (RAD) is expected to report second quarter EPS of $0.06 on revenue of $6.47 billion, compared to last year’s EPS of $0.03 on revenue of $6.28 billion.

Today’s Featured Dow Stock

Chevron Corp. (CVX)

Chevron Corp. (CVX) is down -0.15% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -10,000 to 305,000, previous +11,000 to 315,000. Weekly continuing claims expected -21,000 to 2.466 million, previous +9,000 to 2.487 million.

0830 ET USDA weekly Export Sales.

0830 ET Aug housing starts expected -5.2% to 1.037 million, Jul +15.7% to 1.093 million. Aug building permits expected -1.6% to 1.040 million, Jul +8.6% to 1.057 million.

0845 ET Fed Chair Janet Yellen speaks to a conference in Washington D.C. via prerecorded video on The Importance of Asset Building for Low and Middle Income Households

1000 ET Sep Philadelphia Fed manufacturing index expected -5.0 to 23.0, Aug +4.1 to 28.0.

1100 ET Treasury announces amount of 2-year T-notes to be auctioned (previous $29 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 Aug 23-25.

1200 ET Q2 FOF household net worth change, Q1 +$1.49 trillion.

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

The Dow Market Happenings For Wednesday, September 17, 2014

Dow stocks at 52 week highs include Goldman Sachs (GS). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +4 points.

Tuesday, the Dow closed up +100.83 (+0.59%) at 17,131.97.

Year-to-date the Dow is up +3.35%.

Dow stock winners Tuesday included UnitedHealth (UNH) +1.31% and Visa (V) +1.24%.

Dow stock losers Tuesday included Nike (NKE) -0.50%. Caterpillar (CAT) was unchanged for the day.

There were 28 Dow stock winners Tuesday.

NASA awarded a $6.8 billion contract to Boeing (BA) and SpaceX, of which Boeing will receive $4.2 billion, and SpaceX will receive $2.6 billion, for the commercial flight of astronauts to the International Space Station.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down eight-tenths of a cent at $3.373 per gallon.

Earnings Reports.

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

Notable earnings reports from Tuesday include:

Adobe Systems Incorporated (ADBE) reported third quarter EPS of $0.28 on revenue of $1.01 billion, compared to last year’s EPS of $0.32 on revenue of $995.12 million.

FactSet Research Systems, Inc. (FDS) reported fourth quarter EPS of $1.31 on revenue of $238.70 million, compared to last year’s EPS of $1.20 on revenue of $219.33 million.

Stocks reporting earnings today include:

FedEx Corporation (FDX) is expected to report first quarter EPS of $1.94 on revenue of $11.47 billion, compared to last year’s EPS of $1.53 on revenue of $11.02 billion.

General Mills, Inc. (GIS) is expected to report first quarter EPS of $0.69 on revenue of $4.38 billion, compared to last year’s EPS of $0.70 on revenue of $4.37 billion.

Lennar Corporation (LEN) is expected to report third quarter EPS of $0.67 on revenue of $1.96 billion, compared to last year’s EPS of $054 on revenue of $1.60 billion.

United Natural Foods, Inc. (UNFI) is expected to report fourth quarter EPS of $0.65 on revenue of $1.73 billion, compared to last year’s EPS of $0.65 on revenue of $1.64 billion.

Today’s Featured Dow Stock

Caterpillar Inc. (CAT)

Caterpillar Inc. (CAT) is up +15.47% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -7.2% with purchase sub-index -2.6% and refi sub-index -10.7%.

0830 ET Aug CPI expected unch m/m and +1.9% y/y, Jul +0.1% m/m and +2.0% y/y. Aug CPI ex food & energy expected +0.2% m/m and +1.9% y/y, Jul +0.1% m/m and +1.9% y/y.

0830 ET Q2 current account balance expected -$114.0 billion, Q1 -$111.2 billion.

1000 ET Sep NAHB housing market index expected +1 to 56, Aug +2 to 55.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET FOMC 2-day meeting concludes. Fed expected to leave funds rate target unchanged at zero to 0.25%. Fed expected to cut QE3 by $10 billion to $15 billion per month.

n/a G-20 finance ministers and central bankers meet for a 4-day meeting in Cairns, Australia.

DJIA Market Happenings For Tuesday, September 16, 2014

Dow stocks at 52 week highs include Goldman Sachs (GS). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -38 points.

Monday, the Dow closed up +43.63 (+0.26%) at 17,031.14.

Year-to-date the Dow is up +2.74%.

Dow stock winners Monday included Pfizer (PFE) +1.66% and Chevron (CVX) +1.29%.

Dow stock losers Monday included Microsoft (MSFT) -0.97% and Boeing (BA) -0.50%.

There were 19 Dow stock winners Monday.

Microsoft (MSFT) was upgraded to ‘Outperform’ from ‘Sector Perform’ at RBC Capital.

Boeing (NYSE: BA) looks likely to win a multibillion dollar contract with NASA that will allow the company to create a replacement for NASA’s space-shuttle fleet. Boeing has been competing against SpaceX, a newer company that had, until now, been considered the favorite for the contract. So far, Boeing’s proposal for a capsule-like space taxi is the least risky and can be created and implemented within the next three years.

Microsoft (MSFT) spent $2.5 billion to acquire Mojang AB, the company behind the popular “Minecraft” video game, the game won’t come with the game’s creator, Markus Persson.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down nine-tenths of a cent at $3.381 per gallon.

Earnings Reports.

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

Notable earnings reports from Monday include:

Analogic Corporation (ALOG) reported fourth quarter EPS of $1.36 on revenue of $142 million, compared to last year’s EPS of $1.53 on revenue of $166.18 million.

Student Transportation Inc. (STB) reported fourth quarter EPS of $0.06 on revenue of $142.57 million, compared to last year’s EPS of $0.08 on revenue of $122.28 million.

Stocks reporting earnings today include:

Adobe Systems Incorporated (ADBE) is expected to report third quarter EPS of $0.26 on revenue of $1.01 billion, compared to last year’s EPS of $0.32 on revenue of $995.12 million.

FactSet Research Systems, Inc. (FDS) is expected to report fourth quarter EPS of $1.30 on revenue of $236.99 million, compared to last year’s EPS of $1.20 on revenue of $219.33 million.

Today’s Featured Dow Stock

Boeing Co. (BA)

Boeing Co. (BA) is down -7.46% year-to-date.

Financial Calendar

0830 ET Aug PPI final demand expected unch m/m and +1.8% y/y, Jul +0.1% m/m and +1.7% y/y. Aug PPI final demand ex food & energy expected +0.1% m/m and +1.8% y/y, Jul +0.2% m/m and +1.6% y/y.

1030 ET FOMC begins 2-day policy meeting.