DJIA Market Happenings For Friday, November 21, 2014

Dow stocks at 52 week highs include Cisco (CSCO), Nike (NKE), Travelers (TRV) and Intel (INTC). Dow stock 52 week lows include International Business Machines (IBM).

The Market

Premarket today, the Dow was indicated to open up +152 points.

Thursday, the Dow closed up +33.27 (+0.19%) at 17,719.00.

Year-to-date the Dow is up +6.89%.

There were 18 Dow stock winners Thursday.

Dow stock winners Thursday included Intel (INTC) +4.66% and Microsoft (MSFT) +1.00%.

Dow stock losers Thursday included Disney (DIS) -1.02% and JPMorgan (JPM) -0.79%.

Pfizer (PFE) was unchanged Thursday.

In China, the central bank cut its benchmark interest rates by 25 basis points to give the economy a boost, according to state-run news agency Xinhua. It’s the first rate cut there since 2012.

European markets also were striding higher in early trading, helped by dovish remarks from European Central Bank President Mario Draghi.

Intel (INTC) was downgraded to ‘Sell’ from ‘Underperform’ at CLSA.

Yesterday, AT&T Inc. (T) agreed to settle a lawsuit alleging that the company dumped its electronic waste in California illegally. The telecommunications company will pay $423.8 million in order to end the dispute as well as changing its environmental policies to include contractor inspections and independent audits.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down 1.1 cents at $2.839 per gallon.

Earnings Reports.

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

Notable earnings reports from Thursday include:

Autodesk, Inc. (ADSK) reported third quarter EPS of $0.25 on revenue of $618.00 million, compared to last year’s EPS of $0.41 on revenue of $555.20 million.

Best Buy Co., Inc. (BBY) reported third quarter EPS of $0.30 on revenue of $9.38 billion, compared to last year’s EPS of $0.18 on revenue of $9.36 billion.

Dollar Tree, Inc. (DLTR) reported third quarter EPS of $0.69 on revenue of $2.10 billion, compared to last year’s EPS of $0.58 on revenue of $1.88 billion.

GameStop Corporation (GME) reported third quarter EPS of $0.57 on revenue of $2.09 billion, compared to last year’s EPS of $0.58 on revenue of $2.11 billion.

Gap Inc. (GPS) reported third quarter EPS of $0.80 on revenue of $3.97 billion, compared to last year’s EPS of $0.72 on revenue of $3.98 billion.

Stocks reporting earnings today include:

ANN INC. (ANN) is expected to report third quarter EPS of $0.70 on revenue of $651.93 million, compared to last year’s EPS of $0.89 on revenue of $657.53 million.

Berry Plastics Group (BERY) is expected to report fourth quarter EPS of $0.37 on revenue of $1.33 billion, compared to last year’s EPS of $0.33 on revenue of $1.20 billion.

Footlocker, Inc. (FL) is expected to report third quarter EPS of $0.79 on revenue of $1.72 billion, compared to last year’s EPS of $0.68 on revenue of $1.62 billion.

Today’s Featured Dow Stock

Procter & Gamble Co. (PG)

Procter & Gamble Co. (PG) is up +8.67% year-to-date.

Financial Calendar

1100 ET Nov Kansas City Fed manufacturing activity expected +2 to 6, Oct -2 to 4.

1500 ET USDA Oct Cattle on Feed.

1500 ET USDA Oct Cold Storage.

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