DJIA / Market Close for Monday, April 30, 2012

And so we end this years worst month (so far anyway). Goodby April, hello May. May you be a better month, or a much worst month.

I don’t care, as I am prepared to go long again or sit out awhile longer. Its all up to the market, and the numbers it produces.

The Dow closed down -14.68 (-0.11%) at 13,213.63.

Dow stock leaders were MRK (+2.03%), KFT, CSCO, T, TRV and JNJ.

Dow stock losers were CAT (-1.71%), BAC, PG, GE, JPM and PFE.

Fifteen of the Dow 30 stocks were up today.

Two Dow stocks will report earnings this week. Pharmaceutical giant Pfizer (PFE) reports earnings on Tuesday, and Kraft (KFT) on Thursday. Pfizer shareholders will gain insight into sales of Pfizer’s newer drugs such as Inylta, which treats kidney cancer, as the company deals with the consequences of having Lipitor, the most profitable drug in the industry’s history, come off patent. Pfizer also announced last week that it will sell its infant-nutrition division to Nestle for $11.85 billion. Analysts are anticipating EPS of $0.56 for the quarter. Rival Merck (MRK) got some good news last Friday, when a court upheld a patent on its cholesterol drugs, Zetia and Vytorin. The two drugs contributed more than $1 billion in sales in the company’s first quarter this year.

The dollar rose against the euro and the British pound, but was lower against the Japanese yen.

Oil for June delivery dropped 6 cents to settle at $104.87 a barrel.

Gold futures for June delivery dropped 60 cents to settle at $1,664.20 an ounce.

The price on the benchmark 10-year U.S. Treasury was up Monday, pushing the yield down to 1.91% from 1.93% late Friday.

Tomorrow before the open, stocks expected to report earnings include ADP, LM, ADM, AMG, BIIB, GKSR, HRS, KLIC, PFE, TECH, VLO, ARW, NI, RDWR, CMI, SXC, WEC, ATRO, BP, AGCO, ALLT, BDX, DST, EMR, GLT, MLM, GWR, PLD, ABH, CCJ, CPO, HPY, SIRI, TRI, ACI, IPGP, SRI, AVP, CYNO, HCP, HSP, MMC, SPAR, PNK, TLM, ECOL, HUN, KNOL, PFCB, SAVE, TRW, TYPE, VQ, XRAY, CIE, DORM, WLK, BRKR, GAS, GOV, EXAS, FSTR, FWLT, RDN, TFX, ENDP, CCC, DPZ, ECL, FDP, FE, IPXL, ODP, OSG, POZN, VPHM, FCH, CAS, DIN, BPI, MDSO, RIGL, WRES, JKS, BKR, and CZR.

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