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) 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.