The Dow Market Happenings For Friday, November 14, 2014

Dow stocks at 52 week highs include Nike (NKE), Johnson & Johnson (JNJ), UnitedHealth (UNH), 3M (MMM), Microsoft (MSFT), Home Depot (HD) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +12 points.

Thursday, the Dow closed up +40.59 (+0.23%) at 17,652.79.

Year-to-date the Dow is up +6.49%.

There were 20 Dow stock winners Thursday.

Dow stock winners Thursday included Wal-Mart (WMT) +4.72% and Cisco (CSCO) +2.27%.

Dow stock losers Thursday included Caterpillar (CAT) -1.83% and Chevron (CVX) -1.02%.

Pfizer (PFE) and United Technologies (UTX) were both unchanged Thursday.

Nike (NKE) was downgraded to ‘Neutral’ from ‘Buy’ at Sterne Agee.

Wal-Mart (WMT) was downgraded to ‘Underperform’ from ‘Market Perform’ at BMO Capital.

European stocks are mixed and Asian markets ended mixed.

The national average price of gasoline is down three-tenths of a cent at $2.914 per gallon.

Earnings Reports.

Home Depot (HD) will report earnings on 11/18/14 before the market open.

Notable earnings reports from Thursday include:

Wal-Mart Stores, Inc. (WMT) reported third quarter EPS of $1.15 on revenue of $118.10 billion, compared to last year’s EPS of $1.14 on revenue of $115.69 billion.

Kohl’s Corporation (KSS) reported third quarter EPS of $0.70 on revenue of $4.37 billion, compared to last year’s EPS of $0.81 on revenue of $4.44 billion.

Nordstrom, Inc. (JWN) reported third quarter EPS of $0.73 on revenue of $3.14 billion, compared to last year’s EPS of $0.69 on revenue of $2.88 billion.

Viacom, Inc. (VIA) reported fourth quarter EPS of $1.71 on revenue of $3.99 billion, compared to last year’s EPS of $1.55 on revenue of $3.65 billion.

Stocks reporting earnings today include:

SFX Entertainnment (SFXE) is expected to report third quarter EPS of $0.06 on revenue of $165.26 million.

Metalico, Inc. (MEA) is expected to report third quarter EPS of $0.01 on revenue of $146.07 million, compared to last year’s loss of $0.58 per share on revenue of $135.78 million.

Today’s Featured Dow Stock

McDonald’s Corp. (MCD)

McDonald’s Corp. (MCD) is down -1.60% year-to-date.

Financial Calendar

0830 ET Oct retail sales expected +0.2% and +0.2% ex autos, Sep -0.3% and -0.2% ex autos.

0830 ET Oct import price index expected -1.5% m/m and -1.6% y/y, Sep -0.5% m/m and -0.9% y/y.

0830 ET USDA weekly Export Sales.

0910 ET St. Louis Fed President James Bullard speaks on the U.S. economy and monetary policy to the St. Louis Regional Chamber.

0955 ET Preliminary-Nov U.S. consumer confidence (University of Michigan) expected +0.6 to 87.5, Oct +2.3 to 86.9.

1000 ET Sep business inventories expected +0.2%, Aug +0.2%.

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