The Dow Market Happenings For Tuesday, August 20, 2013

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

The Market

Monday the Dow closed down -70.73 (-0.47%) at 15,010.74.

Year-to-date DJIA is up +14.55%.

This morning the Dow was indicated to open up +8 points.

The Home Depot Inc. (HD) reported better-than-expected results for the second quarter of fiscal 2013. The company’s earnings of $1.24 per share exceeded consensus estimates for $1.19, primarily due to the recovery of the housing market in the U.S. Earnings were up +22.8% from the comparable prior-year period earnings of $1.01 a share. Sales increased +9.5% to $22,522 million compared with $20,570 million in the year-ago quarter.

Disney (DIS) shares are higher in premarket trade after the company’s heavily anticipated virtual reality game hit the shelves on Monday.

Wal-Mart (WMT) was downgraded to “Neutral” from “Positive” at Susquehanna.

The Fed minutes are due Wednesday.

European markets are lower and Asian markets ended lower.

The national average price of gasoline is down one-tenth of a cent to $3.537 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 Monday include:

Aegean Marine Petroleum (ANW) reported second quarter EPS of $0.13, lower than the $0.17 that was expected. Revenue was in line with expectations at $1.69 billion

Bob Evans Farms, Inc. (BOBE) reported first quarter EPS of $0.58, in line with expectations, on revenue of $329.4 million which fell just short of the 335.19 million that was expected.

Urban Outfitters, Inc. (URBN) reported second quarter EPS of $0.51, beating the expected EPS of $0.48. The reported revenue came in at $758.50 million, just below expectations of $768.76 million

International Rectifier Corporation (IRF) reported a fourth quarter loss of $0.09 on $276.50 million in revenue.

Other stocks expected to report earnings today include:

Home Depot, Inc. (HD) is expected to report second quarter EPS of $1.20 on revenue of $21.72 billion, up from last year’s EPS of $1.01 on revenue of $20.57 billion.

Dell Inc (DELL) is expected to report second quarter revenue of $14.18 billion vs. $14.48 billion a year ago.

Analog Devices, Inc (ADI) is expected to report third quarter EPS of $0.54 on revenue of $671.70 million vs. EPS of $0.56 on revenue of $683.03 million a year ago.

Intuit Inc. (INTU) is expected to report fourth quarter EPS of $0.05 up from last year’s $0.03

Today’s Featured Dow Stock

Pfizer Inc. (PFE).

Pfizer Inc. (PFE) is up +13.48% year-to-date.

Financial Calendar

0830 ET July Chicago Fed national activity index expected -0.10, Jun -0.13.

1630 ET API weekly U.S. oil statistics.

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