Market Happenings For Wednesday, September 25, 2013

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

The Market

Tuesday the Dow closed down -66.79 (-0.43%( at 15,334.59.

Premarket, the Dow was indicated to open up +3 points.

Year-to-date the Dow is up +17.02%.

Boeing (BA) was awarded a $225 million government contract modification for the procurement of six operational flight trainers, six weapons tactics trainers, two part task trainers, one training systems support center, three 10-seat electronic classrooms, and one 20-seat electronic classroom in support of the U.S. Navy P-8A Poseidon low rate initial Production IV and full rate Production I aircraft.

Caterpillar Inc. (CAT) lost 0.13 percent in pre-market trade after it announced a 10 percent decline in global retail sales from June to August.

General Electric Co. (GE) was down 0.12 percent before the markets opened after trading on a high when the company’s chief executive remarked that he had an all-time high backlog of new business.

European markets are lower and Asian markets ended mostly lower.

The national average price of gasoline is down 1.4 cents to $3.447 per gallon.

Earnings Reports

There are no Dow stocks expected to report earnings soon.

Earnings reports from Tuesday include:

CarMax Inc. (KMX) reported second quarter EPS of $0.62 on revenue of $3.25 billion, compared to last year’s EPS of $0.48 on revenue of $2.76 billion.

Carnival Corporation (CCL) reported third quarter EPS of $1.38 on revenue of $4.73 billion, compared to last year’s EPS of $1.53 on revenue of $4.68 billion.

Lennar Corporation (LEN) reported third quarter EPS of $0.54 on revenue of $1.60 billion, compared to last year’s EPS of $0.40 on revenue of $1.10 billion.

Other stocks expected to report earnings today include:

AutoZone, Inc (AZO) is expected to report EPS of $10.38 on revenue of $3.10 billion, compared to last year’s EPS of $8.46 on revenue of $3.10 billion.

Bed Bath & Beyond (BBBY) is expected to report EPS of $1.15 on revenue of $2.81 billion, compared to last year’s EPS of $0.98 on revenue of $2.59 billion.

Jabil Circuit, Inc. (JBL) is expected to report EPS of $0.54 on revenue of $4.53 billion, compared to last year’s EPS of $0.54 on revenue of $4.34 billion.

Synnex Corporation (NX) is expected to report EPS of $0.94 on revenue of $2.72 billion, compared to last year’s EPS of $0.93 on revenue of $2.58 billion.

Today’s Featured Dow Stock

JPMorgan Chase and Co. (JPM).

JPMorgan Chase and Co. (JPM) is up +14.44% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +11.2% with purchase sub-index +2.5% and refi sub-index +17.9%.

0830 ET Aug durable goods orders expected -0.2% and +1.0% ex transportation, July -7.4% and -0.8% ex transportation. Aug non-defense capital goods orders ex-aircraft expected +2.0%, July -4.0%.

1000 ET Aug new home sales expected +6.6% to 420,000, July -13.4% to 394,000.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $35 billion 5-year T-notes.

1800 ET New York Fed President William Dudley delivers introductory remarks at The Fed at 100 exhibition at the Museum of Finance in New York.

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