The Dow Market Happenings For Wednesday, January 29, 2014

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket, the Dow was indicated to open down -147 points.

Tuesday, the Dow closed up +90.68 (+0.57%) at 15,928.56.

Year-to-date the Dow is down -3.91%.

JP Morgan (JPM) reported a 6.1% passive stake in GenMark (GNMK) .

AT&T (T) reported Q4 adjusted EPS of 53 cents, better than consensus of 50 cents.

Boeing (BA) reported Q4 core earnings of $1.88, better than consensus of $1.57. Revenue rose to $23.8 billion from $22.3 billion in the quarter.

The Federal Reserve will announce its latest policy moves at 2 p.m. ET and is widely expected to announce a further pull-back in its bond-buying program, which has helped to stimulate growth.

European stocks are higher and Asian stocks ended igher.

The national average price of gasoline is down two-tenths of a cent to $3.277 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) reported earnings
of $1.25/share on 1/16/14 after the market close.

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

United Health (UNH) reported earnings of $1.41/share on 1/16/14 before the market open.

General Electric reported earnings of $0.53/share on 1/17/14 before the market open meeting consensus.

Johnson & Johnson (JNJ) reported earnings of $1.24/share on 1/21/14 before the market open.

Travelers (TRV) reported earnings of $2.68/share on 1/21/14 before the market open beating consensu.

Verizon (VZ) reported earnings of $0.66/share on 1/21/14 before the market open beating consensus.

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

United Technologies reported earnings of $1.58, higher than consensus of $1.53, on 1/22/14 before the market open.

McDonalds (MCD) reported earnings of $1.40/share on 1/23/14 before the market open, beating consensus by a penny.

Microsoft (MSFT) reported earnings of $0.78/share on 1/23/14 after the market close, beating consensus of $0.68/share.

Procter & Gamble (PG) reported earnings on 1/24/14 before the market open of $1.21/share, beating consensus of $1.20.

Caterpillar (CAT) reported earnings of $1.54/share on 1/27/14 before the market open, beating consensus of $1.28/share..

Dupont (DD) reported earnings on 1/28/14 before the open of $0.59/share beating consensus of $0.55/share.

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

Pfizer (PFE) reported earnings on 1/28/14 before the open of $0.56/share beating consensus of $0.52/share.

AT&T (T) reported adjusted earnings on 1/28/14 after the market close of $0.53/share, beating consensus of $0.50/share.

Boeing (BA) reported core earnings on 1/29/14 before the market open of $1.88/share, beating consensus of $1.57/share.

3M (MMM) reports earnings on 1/30/14 before the market open.

Visa (V) reports earnings on 1/30/14 before the market open.

Exxon Mobil (XOM) reports earnings on 1/30/14 before the market open.

Chevron (CVX) reports earnings on 1/31/14 before the market open.

Merck (MRK) reports earnings on 2/5/14 before the market open.

Disney (DIS) reports earnings on 2/5/14 after the market close.

Earnings reports from Tuesday include:

AT&T (T) reported fourth quarter EPS of $0.53 on revenue of $33.20 billion, compared to last year’s EPS of $0.44 on revenue of $32.60 billion.

E.I. du Pont de Nemours and Company (DD) reported fourth quarter EPS of $0.59 on revenue of $7.84 billion compared to last year’s EPS of $0.11 on revenue of $7.32 billion.

Comcast Corporation (CMCSA) reported fourth quarter EPS of $0.66 on revenue of $16.90 billion, compared to last year’s EPS of $0.52 on revenue of $15.94 billion.

Danaher Corporation (DHR) reported fourth quarter EPS of $1.11 on revenue of $5.27 billion, compared to last year’s EPS of $0.87 on revenue of $4.98 billion.

Ford Motor Company (F ) reported fourth quarter EPS of $0.31 on revenue of $35.60 billion, compared to last year’s EPS of $0.31 on revenue of $34.50 billion.

Other stocks expected to report earnings today include:

Boeing Company (BA) is expected to report EPS of $1.58, compared to last year’s EPS of $1.28.

1-800 FLOWERS.COM Inc. (FLWS) is expected to report quarter EPS of $0.26, compared to last year’s EPS of $0.31.

Facebook, Inc. (B) is expected to report fourth quarter EPS of $0.21, compared to last year’s EPS of $0.09.

Las Vegas Sands Corp. (LVS) is expected to report EPS of $0.85, compared to last year’s EPS of $0.54.

Valero Energy Corporation (VLO) is expected to report EPS of $1.69, compared to last year’s EPS of $1.88.

Today’s Featured Dow Stock

Cisco Systems Inc. (CSCO)

Cisco Systems Inc. (CSCO) is up -3.03% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +4.7% with purchase sub-index -3.6% and refi sub-index +9.9%.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $15 billion 2-year floating rate notes.

1400 ET FOMC policy announcement; funds rate target expected unchanged from current range of zero to 0.25%; QE3 tapering of $10 billion expected to $65 billion from $75 billion. MBS purchases expected to be cut by $5 billion to $30 billion and Treasury purchases expected to be cut to $35 billion.

n/a House Republicans begin 3-day policy retreat at Hyatt Regency Chesapeake in Cambridge, Maryland.

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