DJIA Market Happenings For Wednesday, February 26, 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 up +21 points.

Tuesday, the Dow closed down -27.48 (-0.17%) at 16,179.66.

Year-to-date the Dow is down -2.39%.

Boeing (BA) has been awarded a $2.07 billion government contract modification for the procurement of 16 P-8A Multi-Mission Maritime Aircraft full rate production Lot I aircraft and 16 Ancillary Mission Equipment kits for the U.S. Navy.

European stocks are lower and Asian stocks ended mixed.

The national average price of gasoline is up six-tenths of a cent to $3.432 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) reported earnings on 1/30/14 before the market open of $1.62/share, meeting consensus.

Visa (V) reported earnings on 1/30/14 before the market open of $2.20/share, beating consensus of $2.16/share.

Exxon Mobil (XOM) reported earnings on 1/30/14 before the market open of $1.91/share, missing consensus of $1.92.

Chevron (CVX) reported earnings on 1/31/14 before the market open of $2.57/share, missing consensus of $2.60/share.

Merck (MRK) reported earnings on 2/5/14 before the market open of $0.88/share, below consensus of $0.89/share.

Disney (DIS) reported earnings on 2/5/14 after the market close of $1.04/share, beating consensus of $0.92/share.

Cisco (CSCO) reported earnings on 2/12/14 after the market close of $0.47/share, beating consensus of $0.46/share..

Coca Cola (KO) reported earnings on 2/18/14 before the market open of $0.46/share, meeting expectations.

Wal-Mart Stores Inc (WMT) reported earnings on 2/20/14 before the market open of $1.60/share, better than consensus of $1.59/share.

Home Depot Inc. (HD) reported earnings on 2/25/14 before the market open of $0.73/share, beating consensus of $0.71/share.

Notable earnings reports include:

Domino’s Pizza (DPZ) reported fourth quarter EPS of $0.78.

The Home Depot (HD) reported fourth quarter EPS of $0.73.

Macy’s (M) reported fourth quarter EPS of $2.31.

Office Depot (NYSE: ODP) reported fourth quarter loss of $0.03 per share.

Toll Brothers (TOL) reported first quarter EPS of $0.25.

Other stocks expected to report earnings today include:

Anheuser-Busch Inbev SA (BUD) is expected to report fourth quarter EPS of $1.31 on revenue of $11.70 billion, compared to last year’s EPS of $1.12 on revenue of $10.29 billion.

Barnes & Noble, Inc. (BKS) is expected to report third quarter EPS of $0.61 on revenue of $2.03 billion, compared to last year’s loss of $0.18 per share on revenue of $2.22 billion.

Cablevision Systems Corporation (CVC) is expected to report fourth quarter EPS of $0.08 on revenue of $1.57 billion, compared to last year’s loss of $0.32 per share on revenue of $1.66 billion.

Dollar Tree, Inc. (DLTR) is expected to report fourth quarter EPS of $1.06 on revenue of $2.29 billion, compared to last year’s EPS of $1.01 on revenue of $2.25 billion.

J.C. Penney Company, Inc. ( JCP) is expected to report a fourth quarter loss of $0.76 per share on revenue of $3.94 billion, compared to last year’s loss of $1.95 per share on revenue of $3.88 billion.

Today’s Featured Dow Stock

UnitedHealth Group Inc. (UNH)

UnitedHealth Group Inc. (UNH) is up +0.03% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -4.1% with purchase sub-index -6.3% and refi sub-index -2.7%.

1000 ET Jan new home sales expected -3.4% to 400,000, Dec -7.0% to 414,000.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion 2-year floating rate notes.

1200 ET Boston Fed President Eric Rosengren speaks about the economic outlook to the Boston Economic Club.

1300 ET Treasury auctions $35 billion 5-year T-notes.

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One Response to “DJIA Market Happenings For Wednesday, February 26, 2014”

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