DJIA Market Happenings For Thursday, January 16, 2014

Dow stocks at 52 week highs include Intel (INTC), JPMorgan (JPM) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket, the Dow was indicated to open down -33 points.

Wednesday, the Dow closed up +108.08 (+0.66%) at 16,481.94.

Year-to-date the Dow is down -0.57%.

Goldman Sachs said its fourth-quarter profit dropped 21 percent as revenue from mortgages and trading in bonds and other securities weakened. Goldman earned $2.25 billion in the October-December quarter after paying dividends on preferred shares, down from $2.83 billion in the same period a year earlier. That’s $4.60 per share, down from $5.60 per share a year earlier. Results were well above the analysts’ expectations of $4.18 per share. Revenue slipped 5 percent to $8.78 billion, but exceeded analysts’ forecast of $7.72 billion.

UnitedHealth Group (UNH) reported Q4 EPS of $1.41, right on expectations.

European stocks are mixed and Asian stocks ended mixed.

The national average price of gasoline is down four-tenths of a cent to $3.302 per gallon.

Earnings Reports.

JPMorgan (JPM) reported earnings on 1/14/14 of $1.40/share before the market open.

Goldman Sachs (GS) reported earnings on 1/16/14 of $4.60/share before the market open beating consensus of $4.18/share.


American Express (AXP) reports earnings
on 1/16/14 after the market close.

Intel (INTC) reports earnings on 1/15/14 after the market close.

United Health (UNH) reports earnings on 1/16/14 before the market open.

General Electric wil report earnings on 1/17/14 before the market open.

Johnson & Johnson (JNJ) will report earnings on 1/21/14 before the market open.

Travelers (TRV) will report earnings on 1/21/14 before the market open.

Verizon (VZ) will report earnings on 1/21/14 before the market open.

International Business Machines (IBM) will report earnings on 1/21/14 after the market close.

United Technologies will report earnings on 1/22/14 before the market open.

McDonalds (MCD) will report earnings on 1/223/14 before the market open.

Microsoft (MSFT) will report earnings on 1/23/14 after the market close.

Procter & Gamble (PG) will report earnings on 1/24/14 before the market open.

Caterpillar (CAT) will report earnings on 1/27/14 before the market open.

Dupont (DD) reports earnings on 1/28/14 before the open.

General Electric (GE) reports earnings on 1/28/14 before the open.

Pfizer (PFE) reports earnings on 1/28/14 before the open.

AT&T (T) reports earnings on 1/28/14 after the market close.


Boeing (BA) reports earnings
on 1/29/14 before the market open.

Earnings reports from Thursday include:

Bank of America (BAC) reported EPS of $0.29—ahead of the $0.26 consensus estimate. Revenue of $21.7 billion was higher than the $21.24 billion consensus estimate.

Other stocks expected to report earnings today include:

American Express (AXP) is expected to report fourth-quarter earnings of $1.25 per share on revenue of $8.55 billion.

Intel (NTC) is expected to report EPS of $0.52 per share on revenue of $13.72 billion.

Capital One (COF) reports Q4 earnings after the bell today. Analysts expect $1.55 per share on revenue of $5.46 billion.

Today’s Featured Dow Stock

Walt Disney Co. (DIS)

Walt Disney Co. (DIS) is down -2.77% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -2,000 to 328,000, previous -15,000 to 330,000. Weekly continuing claims expected -15,000 to 2.850 million, previous +50,000 to 2.865 million.

0830 ET Dec CPI expected +0.3% m/m and +1.5% y/y, Nov unch m/m and +1.2% y/y. Dec CPI ex food & energy expected +0.1% m/m and +1.7% y/y, Nov +0.2% m/m and +1.7% y/y.

0830 ET USDA weekly Export Sales.

0915 ET San Francisco Fed President John Williams presents a paper titled Monetary Policy at eh Zero Lower Bound: Putting Theory into Practice; and panel discussion on Quantitative Easing and Forward Guidance.

1000 ET Jan Philadelphia Fed manufacturing index expected +2.2 to 8.6, Dec -2.8 to 6.4.

1000 ET Jan NAHB housing market index expected unch at 58, Dec +4 to 58.

1100 ET Treasury announces amount of 10-year TIPS to be auctioned on Jan 23 (previous $13 billion).

1110 ET Fed Chairman Ben Bernanke and San Francisco Fed President John Williams speak at an event titled The Fed Yesterday, Today and Tomorrow at the Brookings Institute.

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.