Market Happenings For Tuesday, July 16, 2013

Dow stocks at 52 week highs include American Express (AXP), Cisco (CSCO), Johnson & Johnson (JNJ), 3M (MMM) and Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Monday the Dow closed up +19.96 (+0.13%) at 15,484.26.

This morning the Dow was indicated to open up +2 points.

Year-to-date the Dow is up +18.16%.

Coca-Cola (KO) shares are down 2.4% after the company reported a drop in profit from a year earlier.

Johnson & Johnson (JNJ) shares are near unchangedt after the healthcare company announced a jump in quarterly sales but a decline in earnings.

European markets are lower and Asian markets ended mixed.

The national average price of gasoline over the weekend is up 2.2 cents to $3.635 per gallon.

Earnings Reports

So far this quarter we’ve had earnings from Alcoa (AA), JPMorgan (JPM) Coca Cola (KO) and Johnson & Johnson (JNJ).

This week we’ll be treated to earnings reports from JNJ (Tues), KO (Tues), AXP (Wed), BAC (Wed), IBM (Wed), INTC (Wed), MSFT (Thur), UNH (Thur), VZ (Thur) and GE (Fri). See timing below.

Johnson & Johnson (JNJ) will report earnings on 7/16/2013 before the market open.

Coca Cola (KO) will report earnings on 7/16/2013 before the market open.

American Express (AXP) reports earnings on 7/17/2013 after the market close.

Bank of America (BAC) reports earnings on 7/17/2013 before the market open.

International Business Machines (IBM) reports earnings on 7/17/2013 after the market close.

Intel Corp. (INTC) reports earnings on 7/17/2013 after the market close.

Microsoft (MSFT) reports earnings on 7/18/2013 after the market close.

UnitedHealth (UNH) will report earnings on 7/18/2013 before the market open.

Verizon (VZ) reports earnings on 7/18/2013 before the market open

General Electric (GE) reports earnings on 7/19/2013 before the market open.

McDonald’s (MCD) reports earnings on 7/22/2013 before the market open.

Dupont (DD) reports earnings on 7/23/2013 before the market open.

AT&T (T) reports earnings on 7/23/2013 after the market close.

The Travelers Company (TRV) reports earnings on 7/23/2013 before the market open.

United Technologies (UTX) reports earnings on 7/23/2013 before the market open.

Boeing (BA) reports earnings on 7/24/2013 before the market open.

Caterpillar (CAT) reports earnings on 7/24/2013 before the market open.

3M (MMM) reports earnings on 7/25/2013 before the market open.

Earnings reports from Monday include:

Citigroup (C) reported second quarter EPS of $1.25 vs. $1.18 expected on revenue of $20.5 billion vs. $19.79 billion expected.

Cintas (CTAS) reported fourth quarter EPS of $0.69 vs. $0.70 expected on revenue of $1.13 billion, in line. The company also issued weak full year EPS guidance.

Brown and Brown (BRO) reported second quarter EPS of $0.36 vs. $0.35 expected on revenue of $325.8 million vs. $318.3 million expected.

Other stocks expected to report earnings today include:

Johnson and Johnson (JNJ) is expected to report second quarter EPS of $1.39 vs. $1.30 a year ago on revenue of $17.71 billion vs. $16.48 billion a year ago.

Coca Cola (KO) is expected to report second quarter EPS of $0.63 vs. $0.61 a year ago on revenue of $12.97 billion vs. $13.08 billion a year ago.

Goldman Sachs (GS) is expected to report second quarter EPS of $2.82 vs. $1.78 a year ago on revenue of $7.98 billion vs. $6.63 billion a year ago.

Omnicom (OMC) is expected to report second quarter EPS of $1.09 on revenue of $3.66 billion vs. $3.56 billion a year ago.

CSX (CSX) is expected to report second quarter EPS of $0.47 vs. $0.49 a year ago on revenue of $3.02 billion vs. $3.01 billion a year ago.

Mosaic (MOS) is expected to report fourth quarter EPS of $1.15 vs. $1.26 a year ago on revenue of $2.54 billion.

Charles Schwab (SCHW) is expected to report second quarter EPS of $0.19 vs. $0.20 a year ago on revenue of $1.32 billion vs. $1.28 billion a year ago.

Yahoo! (YHOO) is expected to report second quarter EPS of $0.30 vs. $0.27 on revenue of $1.08 billion, flat from a year ago.

American Express (AXP).

American Express (AXP) is up +35.44% year-to-date.

Financial Calendar

0830 ET Jun CPI expected +0.3% m/m and +1.6% y/y, May +0.1% m/m and +1.4% y/y. Jun CPI ex food & energy expected +0.2% m/m and +1.6% y/y, May +0.2% m/m and +1.7% y/y.

0915 ET Jun industrial production expected +0.3%, May unch. Jun capacity utilization expected +0.1 to 77.7%, May -0.1 to 77.6%.

1000 ET Jul NAHB housing market index expected -1 to 51, Jun +8 to 52.

1415 ET Kansas City Fed President Esther George speaks on economic conditions and agriculture at the Kansas City Feds 2013 Agricultural Symposium.

1630 ET API weekly U.S. oil statistics.

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2781