Market Happenings For Monday, July 22, 2013

Dow stocks at 52 week highs include General Electric (GE), Johnson & Johnson (JNJ), JPMorgan (JPM), 3M (MMM), United Technologies (UTX) and Exxon Mobil (XOM). There are no Dow stock 52 week lows.

The Market

Friday the Dow closed down -4.80 (-0.03%) at 15,543.74.

This morning the Dow was indicated to open down -16 points.

Last week DJIA was up +0.5%, Nasdaq -0.3%, S&P 500 +0.7% and Russell 2000 +23.7%.

Year-to-date DJIA is up +18.6%, Nasdaq +18.8%, S&P 500 +18.6% and Russell 2000 +23.7%.

McDonald’s (MCD) reported earnings and sales that fell short of forecasts. Same-store sales edged up 1%.

European markets are mostly higher and Asian markets ended higher.

The national average price of gasoline over the weekend is down one-tenth of a cent to $3.671 per gallon.

Earnings Reports

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.

Merck (MRK) reports earnings on 7/30/2013 before the market open.

Pfizer (PFE) reports earnings on 7/30/2013before the market open.

Merck (MRK) will report earnings on 7/30/2013 before the market open.

Proctor & Gamble (PG) will report earnings on 8/1/2013 before the market open.

Earnings reports from Friday include:

General Electric (GE) reported second quarter EPS of $03.36, in line, on revenue of $35.12 billion vs. $35.58 billion expected.

Slumberger (SLB) reported second quarter EPS of $1.15 vs. $1.19 expected on revenue of $11.18 billion vs. $11.11 billion expected.

Honeywell (HON) reported second quarter EPS of $1.28 vs. $1.21 expected on revenue of $9.69 billion.

ManpowerGroup (MAN) reported second quarter EPS of $1.05 vs. $0.89 expected on revenue of $5.04 billion vs. $4.99 billion expected.

Other stocks expected to report earnings today include:

McDonald’s (MCD) is expected to report second quarter EPS of $1.40 vs. $1.32 a year ago.

Halliburton (HAL) is expected to report second quarter EPS of $0.72 vs. $0.80 a year ago.

Kimberly-Clark (KMB) is expected to report second quarter EPS of $1.39 vs. $1.30 a year ago.

Texas Instruments (TXN) is expected to report second quarter EPS of $0.41 vs. $0.44 a year ago.

Travelers Companies Inc. (TRV).

Travelers Companies Inc. (TRV) is up +17.88% year-to-date.

Financial Calendar

0830 ET Jun Chicago Fed national activity index, May -0.30.

1000 ET Jun existing home sales expected +1.4% to 5.25 million, May +4.2% to 5.18 million.

1100 ET USDA weekly grain export inspections.

1500 ET USDA Jun Cold Storage.

1600 ET USDA Crop Progress.

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