Market Happenings For Monday, October 07, 2013

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

The Market

Friday the Dow closed up +76.10 (+0.51%) at 15,072.58.

Premarket, the Dow was indicated to open down -112 points.

Last week DJIA was down -1.2% and the S&P 500 was down -0.1%. Nasdaq was up +0.7% and the Russell 2000 was up +0.4%. So, it was a mixed week.

Year-to-date DJIA is up+15.0%. Nasdaq +26.1%, S&P 500 +18.5% and Russell 2000 +27.0%.

Our government shutdown heads into day 7, with some 350,000 workers back on the job. But a looming debt ceiling crisis is stoking fears of a possible U.S. default. With the deadline to raise the debt limit a little more than a week away, lawmakers appear no closer to resolving the debt impasse.

International Business Machines Corp (IBM) shares were down in premarket trade after announcing its takeover of Xtify.

IBM (IBM) was downgraded to “Equal Weight” from “Overweight” at Barclays.

Alcoa (AA) was downgraded to “Equal Weight” from “Overweight” at Morgan Stanley.

European markets are mostly lower and Asian markets ended lower.

The national average price of gasoline is down two cents over the weekend to $3.346 per gallon.

Earnings Reports

Former Dow stock Alcoa (AA) will report earnings tomorrow (10/8/13) after the market close.

JPMorgan (JPM) will report earnings on Friday (10/11/13) before the market open.

Coca Cola (KO) will report earnings on 10/15/13 before the market open.

Johnson & Johnson (JNJ) will report earnings on 10/15/13 before the market open.

Intel (INTC) will report earnings on 10/15/13 after the market close.

American Express (AXP) will report earnings on 10/16/13 after the market close.

International Business Machines (IBM) will report earnings on 10/16/13 after the market close.

Goldman Sachs (GS) reports earnings on 10/17/13 before the market open.

UnitedHealth (UNH) reports earnings on 10/17/13 before the open.

Verizon (VZ) reports earnings on 10/17/13 before the market open.

Earnings reports from Friday include:

There were no notable earnings reported on Friday.

Other stocks expected to report earnings today include:

Alon US Energy, Inc. (ALJ) is expected to report a third quarter loss of $0.12 per share on revenue of $1.66 billion, compared to last year’s EPS of $0.75 on revenue of $2.36 billion.

Tower Group, Inc. (TWGP) is expected to report a second quarter loss of $0.57 on revenue of $421.10 million, compared to last year’s loss of $0.34 on revenue of $417.61 million.

Today’s Featured Dow Stock

Travelers Companies Inc. (TRV)

Travelers Companies Inc. (TRV) is up +17.91% year-to-date.

Financial Calendar

1100 ET USDA weekly grain export inspections.

1500 ET Aug consumer credit expected +$12.0 billion, July +$10.437 billion.

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 2740