KO and JNJ Report: Market Happenings For Tuesday, April 16, 2013

Dow stocks at 52 week highs include HD, JNJ, PFE, PG, VA and WMT. There are no Dow stock 52 week lows.

The Market

Yesterday the Dow closed down -265.86 (-1.79%) at 14599.20.

This morning the Dow is indicated to open up +140 points (6:00 am PDT).

Yesterday there were horrible explosions at the Boston Marathon that left 3 dead and 140 injured.

Coca-Cola (KO ) reported Q1 EPS of 46 cents, which was better than the consensus of 44 cents. Shares are currently down.

Johnson & Johnson (JNJ) reported Q1 EPS of $1.44, which was better than the consensus of $1.39. Shares are currently down.

INTC reports earnings tonight after the close.

European markets are mixed and Asian markets ended mixed.

The national average price of gasoline is down a four-tenths of a cent to $3.522 per gallon.

Earnings Reports

Coca-Cola (KO) reported quarterly earnings excluding items of 46 cents per share, versus 45 cents in the comparable year-ago period. However, revenue dipped to $11.04 billion, from $11.14 billion a year ago. Analysts had expected Coca-Cola to report earnings per share of 45 cents on $10.94 billion in revenue.

Johnson & Johnson (JNJ) reported earnings of $3.5 billion, or $1.22 per share, compared with $3.91 billion, or $1.41 per share, in the year-earlier quarter. Excluding special items, JNJ earned $1.44 per share. Analysts, on average had expected $1.40 per share. J&J also kept their earlier full-year 2013 profit forecast of $5.35 to $5.45 per share. JNJ earned $5.10 per share last year.

After the close today we have earnings from Intel (INTC).

Wednesday we have earnings from AXP and BAC.

AXP will report earnings on 4/17/13 after the market close.

BA reports earnings on 4/24/13 before the market open.

BAC will report earnings on 4/17/13 before the market open.

CAT will report earnings 4/22/13 before the market open.

CVX reports earnings on 4/26/13 before the market open.

DD will report earnings on 4/23/13 before the market open.

GE wil report earnings 4/19/13 before the market open.

IBM will report earnings on 4/18/13 after the market close (not confirmed).

INTC will report earnings on 4/16/13 after the market close.

JNJ will report earnings on 4/16/13 before the market open.

KO will report earnings on 4/16/13 before the market open.

MCD will report 4/19/13 before the market open.

MMM reports earnings on 4/25/13 before the market open.

MSFT will report earnings on 4/18/13 after the market close.

PG reports earnings on 4/24/13 before the market open.

T will report earnings on 4/23/13 after the market close.

TRV will report earnings on 4/23/13 before the market open.

UNH will report earnings on 4/18/13 before the market open.

UTX will report earnings on 4/23/13 before the market open.

VZ will report earnings on 4/18/13 before the market open.

XOM reports earnings 4/25/13 before the market open.

Intel (INTC).

Financial Calendar

0800 ET New York Fed President William Dudley speaks about the economy at the Staten Island Chamber of Commerce.

0830 ET March CPI expected unch m/m and +1.6%, Feb +0.7% m/m and +2.0% y/y. March core CPI expected +0.2% m/m and +2.0%, Feb +0.2% m/m and +2.0% y/y.

0830 ET March housing starts expected +1.4% to 930,000, Feb expected +0.8% to 917,000. March building permits expected +0.4% to 943,000, Feb +3.9% to 939,000.

0915 ET March industrial production expected +0.2% m/m, Feb +0.8% m/m. March manufacturing production expected +0.1% m/m, Feb +0.8% m/m. March capacity utilization expected +0.1 to 78.4%, Feb 78.3%.

1200 ET Fed Governor Elizabeth Duke speaks to the American Bankers Association Government Relations Summit.

1500 ET Fed Vice Chairman Janet Yellen moderates a panel discussion on monetary policy at IMF headquarters in Washington D.C.

1630 ET API weekly U.S. oil statistics.

1700 ET Minneapolis Fed President Narayana Kocherlakota speaks in Minneapolis at luncheon hosted by Market Technicians Association.

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