There are no Dow stocks at 52 week highs. For Dow stock 52 week lows we have International Business Machines (IBM). IBM is down -4.60% year-to-date.
The Market
Tuesday the Dow closed down -170.33 (-1.14%) at 14,776.13.
Year-to-date the Dow is up +12.76%.
This morning the Dow was indicated to open down -9 points.
Will we or won’t we make a military strike against Syrian government forces soon? U.S. officials have reported that Syrian forces used chemical weapons to attack innocent people.
Oil and Gold are both at their highs for the summer.
Walt Disney Co. (DIS) is up premarket after the company got the green light for a new studio to be built near Santa Clarita, CA.
Wal-Mart Stores will extend its health care benefits to its American workers’ domestic partners, including those of the same sex, starting Jan. 1.
European markets are lower and Asian markets ended lower.
The national average price of gasoline is up four-tenths of a cent to $3.546 per gallon.
Earnings Reports
There are no Dow stocks expected to report earnings soon.
Earnings reports from Tuesday include:
Brown Shoe Company (BWS) reported second quarter EPS of $0.33 on revenue of $621.70 million, above expectations of $0.22 EPS on revenue of $596.73 million.
Bank of Montreal (MO) reported third quarter EPS of $1.68 on revenue of $4.05 billion, compared to last year’s EPS of $1.49 on revenue of $3.88 billion.
Regis Corporation (RGS) reported fourth quarter EPS of $0.06 on revenue of $502.30 million, below expectations of $0.12 EPS on $513.19 million worth of revenue.
Tiffany & Co (TIF) reported second quarter EPS of $0.83 on revenue of $926.00 million, above expectations of $0.74 EPS on revenue of $941.21 million.
TiVo Inc. (TIVO) reported a second quarter loss of $0.09 per share on revenue of $100.10 million. The company’s earnings report was mostly in line with expectations.
Other stocks expected to report earnings today include:
Joy Global Inc (JOY) is expected to report third quarter EPS of $1.36 on revenue of $1.18 billion, compared to last year’s EPS of $1.82 on revenue of $1.39 billion.
Seadrill Limited (SDRL) is expected to report second quarter EPS of $0.61 on revenue of $1.15 billion, compared to last year’s EPS of $0.73 on revenue of $1.12 billion.
Zale Corporation (ZLC) is expected to report a fourth quarter loss of $0.33 per share on revenue of $409.04 million, compared to last year’s loss of $0.61 per share on revenue of $406.96 million.
Today’s Featured Dow Stock
Wal-Mart Stores Inc. (WMT) is up +6.79% year-to-date.
Financial Calendar
0700 ET Weekly MBA mortgage applications, previous -4.6% with purchase sub-index +1.2% and refi sub-index -7.7%.
1000 ET July pending home sales expected unchanged m/m and +7.9% y/y, Jun -0.4% m/m and +9.1% y/y.
1030 ET EIA Weekly Petroleum Status Report.
1300 ET Treasury auctions $35 billion 5-year T-notes.