The Dow Market Happenings For Monday, August 19, 2013

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Friday the Dow closed down -30.72 (-0.20%) at 15,081.47.

Last week DJIA was down -2.2%, Nasdaq -1.6%, S&P 500 -2.1% and Russell 2000 -2.3%.

Year-to-date DJIA is up +15.1%, Nasdaq +19.3%, S&P 500 +16.1% and Russell 2000 +20.6%.

This morning the Dow was indicated to open down -1 points.

The New York Times reports the SEC is looking into JPMorgan’s (JPM) hiring practices in China. At issue is whether JPM hired the children of powerful Chinese officials to get more business in the booming nation.

The Fed minutes are due Wednesday.

European markets are lower and Asian markets ended mixed.

The national average price of gasoline is down two-tenths of a cent at $3.538 per gallon.

Earnings Reports

Home Depot reports earnings on 8/20/2013 before the market open.

Hewlett-Packard reports earnings on 8/21/2013 after the market close.

Earnings reports from Friday include:

UTStarcom Holdings Corporation (UTSI) reported 2nd quarter loss with EPS of $0.05 on revenue of $47.7 million

Other stocks expected to report earnings today include:

Bob Evans Farms, Inc. (BOBE) is expected to report first quarter EPS of $0.58 on $335.19 million worth of revenue compared to the same EPS for a revenue $409.72 million a year ago.

International Rectifier Corporation (IRF) is expected to report a fourth quarter loss of $0.10, an improvement from last year’s loss of $0.20 on $269.68 million worth of revenue.

Vanguard Health Systems (VHS) is expected to report fourth quarter EPS of $0.19 vs. $0.23 on last year’s revenue of $1.45 billion.

Urban Outfitters, Inc. (URBN) is expected to report second quarter EPS of $0.48 on revenue $768.76 million, up from last year’s EPS of $0.42 on $676.27 million.

Today’s Featured Dow Stock

Microsoft Corp. (MSFT).

Microsoft Corp. (MSFT) is up +19.06% year-to-date.

Financial Calendar

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 2781