DJIA Market Happenings For Thursday, April 24, 2014

Dow stocks at 52 week highs include Caterpillar (CAT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +18 points.

Wednesday, the Dow closed down -12.72 (-0.08%) at 16,501.65.

Year-to-date the Dow is down -0.45%.

Caterpillar (CAT) shares surged nearly 4% in premarket action after reporting earnings of $1.61/share that topped forecasts of $1.247/share.

Apple (AAPL) jumped over 7% in after-hours trading after it reported Q2 EPS of $11.62, well above consensus of $10.18, and announced a 7-for-1 stock split. What do you think, maybe a future Dow stock here?

European stocks were higher and Asian stocks ended mixed.

The national average price of gasoline is up 1.2 cents to $3.685 per gallon.

Earnings Reports.

JPMorgan (JPM) reported earnings on 4/11/2014 before the market open of $1.28/share below consensus of $1.41/share.

Coca Cola (KO) reported earnings on 4/15/2014 before the market open of $0.44/share, meeting consensus.

Johnson & Johnson (JNJ) reported earnings on 4/15/2014 before the market open of $1.54/share, beating consensus of $1.48/share.

Intel (INTC) reported earnings on 4/15/2014 after the market close $0.38/share beating consensus of $0.37/share.

American Express (AXP) reported earnings on 4/16/2014 after the market close of $1.33/share beating consensus of $1.30/share.

International Business Machines (IBM) reported earnings on 4/16/2014 after the market close of $2.54/share, meeting consensus.

Dupont (DD) reported earnings on 4/17/2014 before the market open of $1.58/share, meeting consensus.

General Electric (GE) reported earnings on 4/17/2014 before the market open of $0.36/share, beating consensus of $0.32/share.

Goldman Sachs reported earnings on 4/17/2014 before the market open of $4.02/share, beating consensus of $3.44/share.

UnitedHealth (UNH) reported earnings on 4/17/2014 before the market open of $1.10/share, narrowly beating consensus of $1.093/share.

McDonalds (MCD) will report earnings on 4/22/14 before the market open.

Travelers (TRV) will report earnings on 4/22/14 before the market open.

United Technologies (UTX) will report earnings on 4/22/14 before the market open.

AT&T (T) will report earnings on 4/22/14 after the market close.

Boeing (BA) will report earnings on 4/23/14 before the market open.

Procter & Gamble (PG) will report earnings on 4/23/14 before the market open.

Caterpillar (CAT) will report earnings on 4/24/14 before the market open.

3M (MMM) will report earnings on 4/24/14 before the market open.

Verizon VZ will report earnings on 4/24/14 before the market open.

Micrososft (MSFT) will report earnings on 4/24/14 after the market close.

Visa (V) will report earnings on 4/24/14 after the market close.

Merck (MRK) will report earnings on 4/29/14 before the market open.

Exxon Mobil (XOM) will report earnings on 5/1/14 before the market open.

Chevron (CVX) will report earnings on 5/2/14 before the market open.

Pfizer (PFE) will report earnings on 5/5/14 before the market open.

Walt Disney (DIS) will report earnings on 5/6/14 after the market close.

Notable earnings reports from Wednesday include:

Boeing Company (BA) reported first quarter EPS of $1.76 on revenue of $20.47 billion, compared to last year’s EPS of $1.73 on revenue of $18.89 billion.

Procter & Gamble Company (PG) reported first quarter EPS of $1.04 on revenue of $20.56 billion, compared to last year’s EPS of $0.99 on revenue of $20.60 billion.

Apple Inc. (AAPL) reported first quarter EPS of $11.62 on revenue of $45.65 billion, compared to last year’s EPS of $10.09 on revenue of $43.60 billion.

Facebook, Inc. (FB) reported first quarter EPS of $0.34 on revenue of $2.50 billion, compared to last year’s EPS of $0.12 on revenue of $1.46 billion.

Stocks reporting earnings today include:

Caterpillar, Inc. (CAT) is expected to report first quarter EPS of $1.23 on revenue of $13.24 billion, compared to last year’s EPS of $1.31 on revenue of $13.21 billion.

Microsoft Corporation (MSFT) is expected to report first quarter EPS of $0.63 on revenue of $20.38 billion, compared to last year’s EPS of $0.72 on revenue of $20.49 billion.

Amazon.com, Inc. (AMZN) is expected to report first quarter EPS of $0.24 on revenue of $19.44 billion, compared to last year’s EPS of $0.18 on revenue of $16.07 billion.

General Motors Company (GM) is expected to report first quarter EPS of $0.09 on revenue of $38.43 billion, compared to last year’s EPS of $0.67 on revenue of $36.88 billion.

Today’s Featured Dow Stock

American Express Co. (AXP)

American Express Co. (AXP) is down -3.97% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +11,000 to 315,000, previous +2,000 to 304,000. Weekly continuing claims expected +6,000 to 2.745 million, previous -11,000 to 2.739 million.

0830 ET Mar durable goods orders expected +2.0% and +0.6% ex transportation, Feb +2.2% and +0.1% ex transportation. March non-defense capital goods orders ex-aircraft expected +1.0%, Feb -1.4%.

0830 ET USDA weekly Export Sales.

1100 ET Treasury announces amount of 2-year floating-rate notes to be auctioned Apr 29 (previous $13 billion).

1300 ET Treasury auctions $29 billion 7-year T-notes.

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