The Dow Market Happenings For Friday, August 29, 2014

Dow stocks at 52 week highs include Home Depot (HD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +15 points.

Thursday, the Dow closed down -42.44 (-0.25%) at 17,079.57.

Year-to-date the Dow is up +3.03%.

Dow stock winners Thursday included Home Depot +0.70% and Dupont (DD) +0.33%.

Dow stock losers Thursday included Visa (V) -1.17% and Nike (NKE) -1.13%

There were 11 Dow stock winners Thursday.

It’s the last trading day of August and rime to dress up your portfolio. Right? So get out there and buy, buy, buy.

European stocks are mostly higher and Asian markets ended mixed.

The national average price of gasoline is up two-tenths of a cent at $3.436 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Notable earnings reports from Thursday include:

Abercrombie & Fitch (ANF) reported second quarter EPS of $0.19 on revenue of $891.00 million, compared to last year’s EPS of $0.14 on revenue of $945.70 million.

Dollar General (DG) reported second quarter EPS of $0.83 on revenue of $4.72 billion, compared to last year’s EPS of $0.77 on revenue of $4.39 billion.

Genesco (GCO) reported second quarter EPS of $0.34 on revenue of $615.00 million, compared to last year’s EPS of $0.56 on revenue of $574.75 million.

Stocks reporting earnings today include:

Big Lots (BIG) is expected to report second quarter EPS of $0.30 on revenue of $1.20 billion, compared to last year’s EPS of $0.31 on revenue of $1.23 billion.

Noodles & Co (NDLS) is expected to report second quarter EPS of $0.10 on revenue of $104.60 million, compared to last year’s EPS of $0.11 on revenue of $88.94 million.

Today’s Featured Dow Stock

The Coca-Cola Co. (KO)

The Coca-Cola Co. (KO) is up +0.77% year-to-date.

Financial Calendar

0830 ET Jul personal spending expected +0.2%, Jun +0.4%. Jul personal income expected +0.3%, Jun +0.4%.

0830 ET Jul PCE deflator expected +0.1% m/m and +1.6% y/y, Jun +0.2% m/m and +1.6% y/y. Jul core PCE deflator expected +0.1% m/m and +1.5% y/y, Jun +0.1% m/m and +1.5% y/y.

0900 ET Aug Milwaukee ISM expected -0.87 to 60.00, Jul +3.30 to 63.87.

0945 ET Aug Chicago PMI expected +3.9 to 56.5, Jul -10.0 to 52.6.

0955 ET Final Aug University of Michigan consumer confidence expected +0.8 to 80.0, previous -2.6 to 79.2.

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