Dow stocks at 52 week highs include Bank of America (BAC), Chevron (CVX), Dupont (DDD), Johnson & Johnson (JNJ), JPMorgan (JPM), 3M (MMM), United Technologies (UTX) and Exxon Mobil (XOM). There are no Dow stock 52 week lows.
The Market
Tuesday the Dow closed up +22.19 (+0.14%) at 15,567.74.
This morning the Dow was indicated to open up +35 points.
Year-to-date the Dow is up +18.80%.
Airplane manufacturer Boeing (BA) reported improved earnings and revenue, and raised its guidance for the year. It’s shares will open at new highs.
Caterpillar (CAT) posted earnings and sales below forecasts and also lowered its earnings and sales outlook for the year.
European markets are higher and Asian markets ended mixed.
The national average price of gasoline is down six-tenths of a a cent to $3.660 per gallon.
Earnings Reports
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.
Exxon Mobil (XOM) will report earnings on 8/1/2013 before the market open.
Proctor & Gamble (PG) will report earnings on 8/1/2013 before the market open.
Earnings reports from Tuesday include:
Apple (AAPL) reported third quarter EPS of $7.47 vs. $7.31 expected on revenue of $35.3 billion vs. $35.09 billion expected.
Norfolk Southern (NSC) reported second quarter EPS of $1.46 vs. $1.49 expected on revenue of $2.8 billion vs. $2.85 billion expected.
Broadcom (BRCM) reported second quarter EPS of $0.70 vs. $0.68 expected on revenue of $2.09 billion vs. $2.1 billion expected.
FMC Technologies (FTI) reported second quarter EPS of $0.44 vs. $0.47 expected on revenue of $1.71 billion vs. $1.64 billion expected.
VMware (VMW) reported second quarter EPS of $0.79 vs. $0.77 expected on revenue of $1.24 billion vs. $1.23 billion expected.
Juniper Networks (JNPR) reported second quarter EPS of $0.29 vs. $0.25 expected on revenue of $1.15 billion vs. $1.09 billion expected.
Other stocks expected to report earnings today include:
Boeing (BA) is expected to report second quarter EPS of $1.57 vs. $1.27 a year ago.
Caterpillar (CAT) is expected to report second quarter EPS of $1.70 vs. $2.54 a year ago.
Baidu (BIDU) is expected to report second quarter EPS of $1.21 vs. $1.24 a year ago.
Delta Airlines (DAL) is expected to report second quarter EPS of $0.94 vs. $0.69 a year ago.
EMC (EMC) is expected to report second quarter EPS of $0.42 vs. $0.39 a year ago.
Facebook (FB) is expected to report second quarter EPS of $0.14 vs. $0.12 a year ago.
Ford (F) is expected to report second quarter EPS of $0.37 vs. $0.30 a year ago.
PepsiCo (PEP) is expected to report second quarter EPS of $1.19 vs. $1.12 a year ago.
Qualcomm (QCOM) is expected to report third quarter EPS of $1.03 vs. $0.85 a year ago.
Visa (V) is expected to report third quarter EPS of $1.79 vs. $1.56 a year ago.
Bank of America Corp (BAC) is up +28.68% year-to-date.
Financial Calendar
0700 ET Weekly MBA mortgage applications, previous -2.6% with purchase sub-index up +0.5% and the refi sub-index down -4.2%.
1000 ET Jun new home sales expected +1.7% to 484,000, May +2.1% to 476,000.
1030 ET EIA Weekly Petroleum Status Report.
1300 ET Treasury auctions $35 billion 5-year T-notes.