DJIA Market Happenings For Monday, April 28, 2014

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

The Market

Premarket today, the Dow was indicated to open up +47 points.

Friday, the Dow closed down -140.19 (-0.85%) at 16,361.46.

Year-to-date the Dow is down -1.30%. Nasdaq is down -2.4%, S&P 500 is up +0.8% and Russell 2000 is down -3.5%.

Last week the Dow was down -0.3%, Nssdaq -0.5%, S&P 500 -0.1% and Russell 2000 -1.3%.

Merck (MRK) is close to a deal to sell its consumer healthcare unit, according to Reuters.

Pfizer Inc. today confirmed that it had approached AstraZeneca PLC with a near $100 billion acquisition proposal.

Both General Electric (GE) and Germany’s Siemens (SIEME) are reportedly looking to buy the power divisions of France’s Alstom (ALSMY), though French government officials are said to be concerned about a U.S. takeover.

European stocks were higher and Asian stocks ended mostly lower.

The national average price of gasoline is unchanged at $3.696 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 Friday include:

AbbVie (ABBV) reported first quarter EPS of $0.71 on revenue of $4.56 billion, compared to last year’s EPS of $0.68 on revenue of $4.33 billion.

Colgate-Palmolive Company (CL) reported first quarter EPS of $0.68 on revenue of $4.33 billion, compared to last year’s EPS of $0.66 on revenue of $4.32 billion.

Ford Motor Company (F) reported first quarter EPS of $0.25 on revenue of $35.90 billion, compared to last year’s EPS of $0.41 on revenue of $33.86 billion.

Stocks reporting earnings today include:

Ecolab Inc. (ECL) is expected to report first quarter EPS of $0.74 on revenue of $3.32 billion, compared to last year’s EPS of $0.60 on revenue of $2.87 billion.

Hartford Financial Services Group, Inc. (HIG) is expected to report first quarter EPS of $0.93 on revenue of $5.60 billion, compared to last year’s EPS of $0.92 on revenue of $9.18 billion.

National-Oilwell, Inc. (NOV) is expected to report first quarter EPS of $1.38 on revenue of $5.79 billion, compared to last year’s EPS of $1.29 on revenue of $5.31 billion.

Suncor Energy Inc (SU) is expected to report first quarter EPS of $0.92 on revenue of $10.76 billion, compared to last year’s EPS of $0.90 on revenue of $10.02 billion.

Today’s Featured Dow Stock

Boeing Co. (BA)

Boeing Co. (BA) is down -5.74% year-to-date.

Financial Calendar

1000 ET Mar pending home sales expected +0.7% m/m and -10.2% y/y, Feb -0.8% m/m and -10.2% y/y.

1100 ET USDA weekly grain export inspections.

1600 ET USDA weekly crop progress.

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