Market Happenings For Thursday, February 07, 2013

The Market

Today, we have 4 Dow stocks at new highs. JPMorgan (JPM), Disney (DIS), Johnson & Johnson (JNJ) and 3M (MMM).

Weekly initial jobless claims came in at 366,000, marking a drop of 5,000 from the previous week.

This afternoon, the Federal Reserve will release data on consumer credit for December.

European markets are mostly up and Asian markets ended down.

Earnings Reports

A few notable stocks set to report earnings (with eps estimate) include:

Noble Energy Inc – NBL, Before market, $1.126

Scripps Networks Interactive Inc – SNI, Before market, $0.918

Exelon Corp – EXC, Before market, $0.647

Teradata Corp – TDC, Before market, $0.741

Philip Morris International Inc – PM, Before market, $1.223

Snap-on Inc – SNA , Before market, $1.368

Coca-Cola Enterprises Inc – CCE, Before market, $0.435

Sigma-Aldrich Corp – SIAL, Before market, $0.946

International Flavors & Fragrances Inc – IFF, Before market, $0.842

Cognizant Technology Solutions Corp – CTSH, Before market, $0.914

Starwood Hotels & Resorts Worldwide Inc – HOT, Before market, $0.651

Cigna Corp – CI, Before market, $1.478

Sprint Nextel Corp – S, Before market, $-0.45

Microchip Technology Inc – MCHP, After market close, $0.394

XL Group PLC – XL, After market close, $-0.359

CareFusion Corp – CFN, After market close, $0.523

Apartment Investment & Management Co – AIV, After market close, $0.502

Financial Calendar

0830 ET Weekly initial unemployment claims expected -8,000 to 360,000, previous +38,000 to 368,000. Weekly continuing claims expected -4,000 to 3.193 mln, previous +22,000 to 3.197 mln.

0830 ET Q4 non-farm productivity expected -1.4%, Q3 +2.9%. Q4 unit labor costs expected +3.0%, Q3 -1.9%.

0830 ET USDA weekly Export Sales.

0930 ET Fed Governor Jeremy Stein speaks on “Financial Stability” at a St. Louis Fed Conference on restoring household financial stability.

1500 ET Dec consumer credit expected +$14.0 bln, Nov +$16.045 bln.

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