DJIA Market Happenings For Wednesday, August 6, 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 down -60 points.

Tuesday, the Dow closed down -139.81 (-0.84%) at 16,429.47.

Year-to-date the Dow is down -0.89%.

Dow stock winners Tuesday included Boeing (BA) +1.12% and Procter & Gamble (PG) +0.24%.

Dow stock losers Tuesday included Intel INTC) -3.61% and Chevron (CVX) -2.50%.

There were 2 Dow stock winners Tuesday.

Disney (DIS) rose over 1% in after-hours trading after it reported Q3 EPS of $1.28, above consensus of $1.17.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down seven-tenths of a cent at $3.483 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.

Cisco (CSCO) reports earnings on 8/13/14 after the market close.

Wal-Mart (WMT) reports earnings on 8/14/14 before the market open.

Notable earnings reports from Tuesday include:

Walt Disney (DIS) reported third quarter EPS of $1.28 on revenue of $12.47 billion, compared to last year’s EPS of $1.03 on revenue of $11.58 billion.

CVS (CVS) reported second quarter EPS of $1.13 on revenue of $34.60 billion, compared to last year’s EPS of $0.97 on revenue of $31.25 billion.

Emerson Electric (NEMR) reported third quarter EPS of $1.03 on revenue of $6.30 billion, compared to last year’s EPS of $0.97 on revenue of $6.34 billion.

MGM Resorts (MGM) reported second quarter EPS of $0.21 on revenue of $2.60 billion, compared to last year’s loss of $0.19 on revenue of $2.48 billion.

Stocks reporting earnings today include:

Chesapeake Energy (CHK) is expected to report third quarter EPS of $0.45 on revenue of $4.76 billion, compared to last year’s EPS of $0.51 on revenue of $4.68 billion.

CenturyLink (CTL) is expected to report second quarter EPS of $0.64 on revenue of $4.50 billion, compared to last year’s loss of $0.69 on revenue of $4.52 billion.

21st Century Fox (FOXA) is expected to report fourth quarter EPS of $0.39 on revenue of $7.97 billion, compared to last year’s EPS of $0.31 on revenue of $7.21 billion.

Prudential Financial (PRU) is expected to report second quarter EPS of $2.35 on revenue of $11.12 billion, compared to last year’s EPS of $2.30 on revenue of $11.72 billion.

Today’s Featured Dow Stock

Chevron Corp. (CVX)

Chevron Corp. (CVX) is up +0.04% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -2.2% with purchase sub-index +0.2% and refi sub-index -4.0%.

0830 ET Jun trade balance expected -$44.8 billion, May -$44.4 billion.

0900 ET Treasury announces amount of 3-year T-notes (previous $27 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned Aug 12-14 in the Aug quarterly refunding.

1030 ET EIA Weekly Petroleum Status Report.

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