Market Happenings For Tuesday, January 22, 2013

Premarket, futures are mixed. Gainers this morning include LIFE (+11.64%), MS, BFB, TRV and NFLX while losers include ATI (-2.64%), FE, JCI, VZ and CAT

The Market

This morning we had earnings reports from VZ, DD, JNJ and TRV. The abbreviated results were:

VZ: reported 0.38/shr vs 0.50

DD: 0.11/shr vs 0.07

JNJ: 1.19/shr ex-items vs 1.17

TRV: 0.78/shr vs 0.14

On a 1 year chart, VZ is +11.87%, DD -4.28%, JNJ +12.17% and TRV +31.57%.

Travelers (TRV) is the clear winner among these four Dow components.

European markets are down and Asian markets closed mixed.

The national average price of gasoline is up a half-cent to $3.310 per gallon.

Earnings Reports

Earnings reports (estimates): GOOG-Google ($10.55), IBM (5.25), JNJ-Johnson & Johnson (1.17), VZ-Verizon (0.50), DD-Du Pont (0.07), TXN-Texas Instruments (0.34), FCX-Freeport-McMoran (0.72), TRV-Travelers (0.14), CSX-CSX Corp (0.39), NSC-Norfolk Southern (1.19), ISRG-Intuitive Surgical (4.04), DAL-Delta Airlines (0.28), CA-CA Inc (0.61), RF-Regions Financial (0.21), AMTD-TD Ameritrade (0.24), KSU-Kansas City Southern (0.82), WAT-Waters Corp (1.59), ALB-Albemarle (0.99), RKT-Rock Tenn (1.27), TSS-Total Sys (0.33), IGT-International Game Technology (0.24), PKG-Packaging Corp (0.62).

Financial Calendar

0830 ET Dec Chicago Fed national activity index, Nov 0.1.

1000 ET Jan Richmond Fed manufacturing index expected -1 to 4, Dec -4 to 5.

1000 ET Dec existing home sales expected +1.2% to 5.10 million units, Nov +5.9% to 5.04 mln units.

1100 ET USDA weekly grain export inspections.

1500 ET USDA Cold Storage.

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