DJIA Market Happenings For Thursday, July 31, 2014

Dow stocks at 52 week highs include AT&T (T), Verizon (VZ) and Exxon Mobil (XOM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -117 points.

Wednesday, the Dow closed down -31.75 (-0.19%) at 16,880.36.

Year-to-date the Dow is up +1.83%.

Dow stock winners Wednesday included Nike (NKE) +1.93% and Disney (DIS) +1.17%.

Dow stock losers Wednesday included Coca Cola (KO) -1.81% and UnitedHealth (UNH) -1.57%.

There were 11 Dow stock winners Tuesday.

Exxon Mobil (XOM) reported net income increased to $8.78 billion, or $2.05 per share, from $6.86 billion, or $1.55 per share, in the same quarter a year earlier. The average estimate was for a profit of $1.91 per share.

European stocks are lower and Asian markets ended mixed.

The national average price of gasoline is up four-tenths of a cent at $3.517 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/26/14 after the market close of $0.78/share, beating consensus for $0.76/share.

Goldman Sachs (GS) reported earnings on 7/15/14 before the market open of $4.10/share, beating consensus of $3.07/share.

Intel (INTC) reported earnings on 7/15/14 after the market close of $0.55/share, beating consensus of $0.52/share.

Johnson & Johnson (JNJ) reported earnings on 7/15/14 before the market open of $1.66/share, beating consensus of $1.54/share.

JPMorgan (JPM) reported earnings on 7/15/14 before the market open of $1.48/share, beating consensus og $1.30/share.

United Technologies (UTX) reported earnings on 7/17/14 before the market open of $1.84/share, beating consensus of $1.79/share.

IBM (IBM) reported earnings on 7/17/14 after the market close of $4.32/share, beating consensus of $4.31/share.

General Electric (GE) reported earnings on 7/18/14 before the market open of $0.39/share, meeting expectations.

Dupont (DD) reported earnings on 7/22/14 before the market open of $1.17/share, meeting expectations.

Coca Cola (KO) reported earnings on 7/22/14 before the market open of $0.64/share, beating consensus of $0.63/share.

McDonald’s (MCD) will report earnings on 7/22/14 before the market open.

Microsoft (MSFT) will report earnings on 7/22/14 after the market close.

Travelers (TRV) will report earnings on 7/22/14 before the market open.

United Technologies (UTX) will report earnings on 7/22/14 before the market open.

Verizon (VZ) will report earnings on 7/22/14 before the market open.


Boeing (BA) will report earnings on 7/23/14
before the market open.


AT&T (T) will report earnings on 7/23/14
after the market close.

Caterpillar (CAT) will report earnings on 7/24/14 before the market open.

3M (MMM) will report earnings on 7/24/14 before the market open.

Visa (V) will report earnings on 7/24/14 after the market close.

Merck (MRK) will report earnings om 7/29/14 before the market open.


Pfizer (PFE) will report earnings on 7/29/14
before the market open

American Express (AXP) will report earnings on 7/29/14 after the market close.

Exxon Mobil (XOM) will report earnings on 7/31/14 before the market open.

Chevron (CVX) will report earnings on 8/1/14 before the market open.

Procter & Gamble (PG) will report earnings on 8/1/14 before the market open.

Disney (DIS) will report earnings on 8/5/14 after the market close.

Notable earnings reports from Wednesday include:

Kraft Foods (KRFT) reported EPS of $0.80 on revenue of $4.75 billion, compared to last year’s EPS of $0.76 on revenue of $4.74 billion.

Phillips 66 (PSX) reported EPS of $1.51, compared to last year’s EPS of $1.50 on revenue of $43.24 billion.

Pilgrim’s Pride Corporation (PPC) reported EPS of $0.73 on revenue of $2.19 billion, compared to last year’s EPS of $0.74 on revenue of $2.18 billion.

WellPoint (WLP) reported EPS of $2.44 on revenue of $18.47 billion, compared to last year’s EPS of $2.60 on revenue of $17.60 billion.

Stocks reporting earnings today include:

Exxon Mobil (XOM) is expected to report EPS of $1.84 on revenue of $107.13 billion, compared to last year’s EPS of $1.55 on revenue of $106.47 billion.

Anheuser-Busch Inbev (BUD) is expected to report EPS of $1.31 on revenue of $11.93 billion, compared to last year’s EPS of $0.93 on revenue of $10.59 billion.

ConocoPhillips (COP) is expected to report EPS of $1.61 on revenue of $15.40 billion, compared to last year’s EPS of $1.41 on revenue of $14.14 billion.

McKesson (MCK) is expected to report EPS of $2.34 on revenue of $40.79 billion, compared to last year’s EPS of $2.07 on revenue of $32.21 billion.

Today’s Featured Dow Stock

American Express Co. (AXP)

American Express Co. (AXP) is up +0.20% year-to-date.

Financial Calendar

0730 ET Jul Challenger job cuts, Jun -20.2% y/y.

0830 ET Weekly initial unemployment claims expected +16,000 to 300,000, previous -19,000 to 284,000. Weekly continuing claims expected -8,000 to 2.492 million, previous -8,000 to 2.500 million.

0830 ET USDA weekly Export Sales.

0830 ET Q2 employment cost index expected +0.5%, Q1 +0.3%.

0900 ET Jul Milwaukee ISM expected +0.4 to 61.0, Jun -2.92 to 60.57.

0945 ET Jul Chicago PMI expected +0.4 to 63.0, Jun -2.9 to 62.6.

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