The Dow Market Happenings For Monday, August 05, 2013

Dow stocks at 52 week highs include Cisco Systems (CSCO) and Hewlett-Packard (HPQ). There are no Dow stock 52 week lows.

The Market

Friday the Dow closed up +30.34 (+0.19%) at 15,658.36.

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

Year-to-date the Dow is up +19.49%.

U.S. stocks finished higher Friday after a worse-than-expected monthly jobs report.

Chevron (CVX) reported disappointing Q2 earnings last week and as a result the stock dropped 1.2% on Friday. However, Chevron has vastly outperformed competitor ExxonMobil (XOM) and the company could earn $13 or more for full year 2013. Year-to-date CVX is up +15.54% while XOM is up only +6.24%.

European markets are higher and Asian markets ended mixed.

The national average price of gasoline over the weekend is down 1.2 cents to $3.614 per gallon.

Earnings Reports

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

Cisco Systems (CSCO) reports earnings on 8/14/2013 after the close.

Wal-Mart Stores Inc. (WMT) reports earnings on 8/15/2013 before the market open.

Earnings reports from Friday include:

Chevron (CVX) reported second quarter EPS of $2.77 vs. $2.98 expected on revenue of $55.3 billion vs. $56.01 billion expected.

Alpha Natural Resources (ANR) reported a second quarter loss of $0.59 per share, in line, on revenue of $1.34 billion vs. $1.24 billion expected.

Cablevision (CVC) reported second quarter EPS of $0.11 vs. $0.04 expected on revenue of $1.57 billion vs. $1.58 billion expected.

Eaton Corp. (ETN) reported second quarter EPS of $1.09 vs. $1.11 expected on revenue of $5.6 billion vs. $5.77 billion expected.

Other stocks expected to report earnings today include:

Kindred Healthcare (KND) is expected to report second quarter EPS of $0.33 vs. $0.41 a year ago on revenue of $1.47 billion vs. $1.54 billion a year ago.

Rockwood Holdings (ROC) is expected to report second quarter EPS of $0.76 vs. $1.24 a year ago on revenue of $955.94 million vs. $905.6 million a year ago.

Hologix (HOLX) is expected to report third quarter EPS of $0.37 vs. $0.35 a year ago on revenue of $626.48 million vs. $470.23 million a year ago.

Black Hills Corp. (BKH) is expected to report second quarter EPS of $0.42 vs. $0.34 a year ago on revenue of $285.94 million vs. $242.4 million a year ago.

Jamba (JMBA) is expected to report second quarter EPS of $0.37 vs. $0.25 a year ago on revenue of $70.17 million vs. $66.04 million a year ago.

E. I. du Pont de Nemours and Co. (DD).

E. I. du Pont de Nemours and Co. (DD) is up +33.22% year-to-date.

Financial Calendar

1000 ET July ISM non-manufacturing index expected +0.9 to 53.1, Jun -1.5 to 52.2.

1100 ET USDA weekly grain export inspections.

1600 ET USDA Crop Progress.

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 2876