The Dow Market Happenings For Friday, January 31, 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 -162 points.

Thursday, the Dow closed up +109.82 (+0.70%) at 15,848.61.

Year-to-date the Dow is down -4.39%.

Chevron (CVX) reported diluted Q4 2013 earnings of $4.9 billion, $2.57 per share as compared with analyst expectations of $2.60. The year-ago Q4 2012 earnings were $7.2 billion, $3.70 per share, diluted.

U.S. consumer spending rose more than expected in December. The Commerce Department said today that consumer spending increased 0.4 percent after rising by a revised 0.6 percent in November. Economists had forecast consumer spending, which accounts for more than two-thirds of U.S. economic activity, rising 0.2 percent last month.

Personal income was unchanged last month after rising 0.2 percent in November. Income continued to be held back by stagnant wage growth as the economy works through slack in the labor market.

European stocks are lower and Asian stocks were closed or ended lower.

The national average price of gasoline is up three-tenths of a cent to $3.278 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.

Cisco (CSCO) reports earnings on 2/12/14 after the market close.

Earnings reports from Thursday include:

Exxon Mobil Corporation (XOM) reported fourth quarter EPS of $1.91 on revenue of $110.86 billion, compared to last year’s EPS of $2.20 on revenue of $115.17 billion.

Chipotle Mexican Grill, Inc. (CMG) reported fourth quarter EPS of $2.53 on revenue of $844.10 million, compared to last year’s EPS of $1.95 on revenue of $699.16 million.

Eli Lilly and Company (LLY) reported fourth quarter EPS of $0.74 on revenue of $5.81 billion, compared to last year’s EPS of $0.85 on revenue of $5.96 billion.

Google Inc. (GOOG) reported fourth quarter EPS of $12.01 on revenue of $13.60 billion, compared to last year’s EPS of $10.59 on revenue of $12.16 billion.

Occidental Petroleum Corporation (OXY) reported fourth quarter EPS of $1.72, compared to last year’s EPS of $1.83 on revenue of $6.17 billion.

Other stocks expected to report earnings today include:

Chevron (CVX) is expected to report EPS of $2.58, compared to last year’s EPS of $2.98.

Honda Motor Company (HMC) is expected to report EPS of $0.86, compared to last year’s EPS of $0.50.

Mastercard (MA) is expected to report EPS of $0.60, compared to last year’s EPS of $0.49.

Mattel (MAT) is expected to report EPS of $1.20, compared to last year’s EPS of $1.12.

Tyson Foods (TSN) is expected to report EPS of $0.65, compared to last year’s EPS of $0.48.

Today’s Featured Dow Stock

Exxon Mobil Corp. (XOM)

Exxon Mobil Corp. (XOM) is up -7.12% year-to-date.

Financial Calendar

0830 ET Q4 employment cost index expected +0.4%, Q3 +0.4%.

0830 ET Dec personal spending expected +0.2%, Nov +0.5%. Dec personal income expected +0.2%, Nov +0.2%. Dec PCE deflator expected +0.2% m/m and +1.1% y/y, Nov unch m/m and +0.9% y/y. Dec core PCE deflator expected +0.1% m/m and +1.2% y/y, Nov +0.1% m/m and +1.1% y/y.

0945 ET Jan Chicago PMI expected -1.8 to 59.0, Dec -2.2 to 60.8.

0955 ET Final Jan U.S. University of Michigan consumer confidence expected +0.6 to 81.0, previous -2.1 to 80.4.

1315 ET Dallas Fed President Richard Fisher speaks about Fed operations and the economy at a community forum hosted by the Dallas Fed.

2400 ET Fed Chairman Ben Bernankes term expires, paving the way for Janet Yellen to become the new Fed Chairperson.

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

Leave a Reply

You must be logged in to post a comment.