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.