Market Happenings For Tuesday, June 25, 2013

There are no Dow stocks at 52 week highs. For Dow stock 52 week lows, we have Alcoa (AA).

The Market

Monday the Dow closed down -139.84 (-0.94%) at 14,659.56.

This morning the Dow was indicated to open up +79 points.

The S&P/Case-Shiller home price index was up 12.1% in April compared to a year ago for the 20 top real estate markets across the nation. It was the biggest annual jump in prices in seven years and the 2.5% jump from March was the biggest one-month rise in the 12-year history of the index. San Francisco led the group with a 23.9 percent gain in prices over April last year, while hard-hit Las Vegas surged 22.3 percent.

The durable goods report came in better than expected. The Census Bureau said new orders for big-ticket items rose 3.6% in May. Economists had forecast a 3% rise.

J.P. Morgan Chase (JPM) shares rallied pre-market as the stock’s dividend yield briefly crossed 3 percent. Investors piled into the stock on this in a hunt for yield.

European markets are higher and Asian markets ended mostly lower.

The national average price of gasoline is down 1.3 cents to $3.554 per gallon.

Earnings Reports

There are no Dow stocks on the horizon set to report earnings.

Earnings reports from Monday include:

Mittel Networks (MITL) reported fourth quarter EPS of $0.25 vs. $0.24 expected on revenue of $150.9 million vs. $145.7 million expected.

Sonic (SONC) reported third quarter EPS of $0.26 vs. $0.26 expected on revenue of $146.63 million vs. $147.5 million expected.

Other stocks expected to report earnings today include:

Apollo Group (APOL) is expected to report third quarter EPS of $0.85 vs. $1.20 a year ago.

Barnes and Noble (BKS) is expected to report a fourth quarter loss of $0.99 per share vs. a loss of $0.98 per share a year ago.

Carnival Corporation (CCL) is expected to report second quarter EPS of $0.06 vs. $0.20 a year ago.

Lennar (LEN) is expected to report second quarter EPS of $0.33 vs. $2.06 a year ago.

Smith and Wesson (SWHC) is expected to report fourth quarter EPS of $0.44 vs. $0.17 a year ago.

Walgreens (WAG) is expected to report third quarter EPS of $0.91 vs. $0.72 a year ago.

Exxon Mobil Corp (XOM).

Exxon Mobil Corp (XOM) is up +2.23% year-to-date.

Financial Calendar

0830 ET May durable goods orders expected +3.0% and unch ex transportation, Apr +3.5% and +1.5% ex transportation.

0900 ET Apr S&P/CaseShiller composite-20 home price index expected +1.20% m/m and +10.60% y/y, Mar +1.12% m/m and +10.87% y/y.

0900 ET Apr FHFA house price index purchase-only expected +1.1% m/m, Mar +1.3% m/m.

1000 ET Jun Richmond Fed manufacturing index expected +4 to 2, May +4 to -2.

1000 ET Jun consumer confidence (Conference Board) expected -1.2 to 75.0, May +7.2 to 76.2.

1000 ET May new home sales expected +1.3% to 460,000, Apr +2.3% to 454,000.

1300 ET Treasury auctions $35 billion 2-year T-notes.

1630 ET API weekly U.S. oil statistics.

Both comments and pings are currently closed.

Comments are closed.