Market Happenings For Tuesday, October 08, 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 -136.34 (-0.90%) at 14,936.24.

Premarket, the Dow was indicated to open up +8 points.

Year-to-date the Dow is up +13.98%.

Not much new today. We still have the government shut down and the debt ceiling to cope with.

Ex-Dow stock Alcoa (AA) kicks off the earnings season tonight after the close.

European markets are lower and Asian markets ended higher.

The national average price of gasoline is up three tenths of a cent to $3.349 per gallon.

Earnings Reports

Former Dow stock Alcoa (AA) will report earnings today (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.

General Electric (GE) reports earnings on 10/18/13 before the market open.

Earnings reports from Monday include:

There were no earnings reports of note yesterday.

Other stocks expected to report earnings today include:

Yum! Brands, Inc (YUM) is expected to report EPS of $0.93 per share, compared to last year’s EPS of $0.99.

Alcoa Inc. (AA) is expected to report EPS of $0.06, compared to last year’s EPS of $0.03.

Today’s Featured Dow Stock

United Technologies Corp. (UTX)

United Technologies Corp. (UTX) is up +26.85% year-to-date.

Financial Calendar

0830 ET Aug trade balance expected -$39.5 billion, July -$39.1 billion.

0900 ET IMF releases its World Economic Outlook.

1225 ET Cleveland Fed President Sandra Pianalto speaks on the economy and monetary policy at the Economic Club of Pittsburgh.

1230 ET Philadelphia Fed President Charles Plosser speaks on the economic outlook and monetary policy to the Johnstown Chamber of Commerce.

1300 ET Treasury auctions $30 billion 3-year T-notes.

1630 ET API weekly U.S. oil statistics.

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