Market Happenings For Monday, July 29, 2013

Dow stocks at 52 week highs include only Johnson & Johnson (JNJ) There are no Dow stock 52 week lows.

The Market

Friday the Dow closed up +3.22 (+0.02%) at 15,558.83.

This morning the Dow was indicated to open down -23 points.

Last week DJIA was up +0.1% qnd Nasdaq +0.7%. The S&P 500 was down -0.0% and Russell 2000 -0.3%.

Year-to-date DJIA is up +18.7%, Nasdaq +19.7%, S&P 500 +18.6% and Russell 2000 +23.3%.

Tuesday, Merck and Pfizer report earnings.

On Wednesday, the Federal Reserve concludes its two-day meeting.

On Friday the Labor Department will release its July jobs report

European markets are higher and Asian markets ended lower.

The national average price of gasoline over the weekend is down 1.7 to $3.631 per gallon.

Earnings Reports

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

Pfizer (PFE) reports 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.

Chevron (CVX) reports earnings on 8/2/2013 before the market open.

Disney (DIS) reports earnings on 8/6/2013 after the market close.

Earnings reports from Friday include:

AbbVie (ABBV) reported second quarter EPS of $0.82 vs. $0.79 a year ago on revenue of $4.69 billion vs. $4.54 billion expected.

Newmont Mining (NEM) reported second quarter EPS of $0.59 vs. $0.42 a year ago on revenue of $2.00 billion vs. $2.08 billion ayear ago.

Stanley Black and Decker (SWK) reported second quarter EPS of $1.21 vs. $1.19 a year ago on revenue of $2.87 billion vs. $2.81 billion a year ago.

Lear Corp. (LEA) reported second quarter EPS of $1.62 vs. $1.37 a year ago on revenue of $4.1 billion vs. $3.91 billion a year ago.

Other stocks expected to report earnings today include:

Anadarko Petroleum (APC) is expected to report second quarter EPS of $0.91 vs. $0.85 a year ago on revenue of $3.57 billion vs. $3.22 billion a year ago.

Express Scripts Holdings (ESRX) is expected tp report second quarter EPS of $1.10 vs. $0.88 a year ago on revenue of $25.52 billion vs. $27.69 billion a year ago.

Herbalife (HLF) is expected to report second quarter EPS of $1.18 vs. $1.10 a year ago on revenue of $1.16 billion vs. $1.03 billion a year ago.

Caesars Entertainment (NCZR) is expected to report a second quarter loss of $1.57 vs. a loss of $1.93 a year ago on revenue of $2.18 billion vs. $2.17 billion a year ago.

Simon Property Group (SPG) is expected to report second quarter EPS of $2.07 vs. $1.89 a year ago on revenue of $1.24 billion vs. $1.19 billion a year ago.

General Electric Co. (GE).

General Electric Co. (GE) is up +17.44% year-to-date.

Financial Calendar

1000 ET Jun pending homes sales expected -1.0% m/m and +11.5% y/y, May +6.7% m/m and +12.5% y/y.

1030 ET July Dallas Fed manufacturing activity index expected +0.8 to 7.3. June 6.5.

1100 ET USDA weekly grain export inspections.

1600 ET USDA Crop Progress.

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