Dow stocks at a new 52 week highs include Boeing (BA), American Express (AXP) and 3M Company (MMM).. Dow stock 52 week lows include only International Business Machines (IBM).
The Market
Thursday the Dow closed down -2.18 (-0.01%) at 15,371.65
Premarket, the Dow was indicated to open up +30 points.
Year-to-date the Dow is up +17.30%.
General Electric (GE) reported Q3 EPS of 36 cents, better than consensus of 35 cents.
IBM (IBM) was downgraded to ‘Hold’ from ‘Buy’ at Argus.
European markets are higher and Asian markets ended mostly higher.
The national average price of gasoline is unchanged at $3.360 per gallon.
Earnings Reports
General Electric (GE) reports earnings on 10/18/13 before the market open.
McDonald’s (MCD) reports earnings 10/21/13 before the market open.
Dupont (DD) will report earnings on 10/22/13 before the market open.
The Travelers Company (TRV) will report earnings on 10/22/13 before the market open.
United Technologies (UTX) will report earnings on 10/22/13 before the market open.
Boeing (BA) reports earnings on 10/23/13 before the market open.
Caterpillar (CAT) reports earnings on 10/23/13 before the market open.
AT&T (T) reports earnings on 10/23/13 after the market close.
3M (MMM) reports earnings on 10/24/13 before the market open.
Microsoft (MSFT) reports earnings on 10/24/13 after the market close.
Procter & Gamble (PG) reports earnings on 10/25/13 before the market open.
Merck (MRK) reports earnings on 10/28/13 before the market open.
Pfizer (PFE) reports earnings on 10/29/13 before the market open.
Earnings reports from Thursday include:
Goldman Sachs Group (GS) reported third quarter EPS of $2.88 on revenue of $6.72 billion, compared to last year’s EPS of $2.85 on revenue of $8.35 billion.
Verizon Communications Inc. (VZ) reported third quarter EPS of $0.77 on revenue of $30.28 billion, compared to last year’s EPS of $0.64 on revenue of $29.01 billion.
UnitedHealth Group Inc. (UNH) reported third quarter EPS of $1.53 on revenue of $30.62 billion, compared to last year’s EPS of $1.50 on revenue of $27.30 billion.
Google Inc. (GOOG) reported third quarter EPS of $10.74 on revenue of $11.90 billion, compared to last year’s EPS of $9.03 per share on revenue of $11.33 billion.
Intuitive Surgical, Inc. (ISRG) reported third quarter EPS of $3.99 on revenue of $499.00 million, compared to last year’s EPS of $3.54 on revenue of $525.61 million.
Other stocks expected to report earnings today include:
General Electric Company (GE) is expected to report third quarter EPS of $0.36 on revenue of $35.90 billion, compared to last year’s EPS of $0.36 on revenue of $36.35 billion.
Morgan Stanley (MS) is expected to report third quarter EPS of $0.46 on revenue of $7.76 billion, compared to last year’s loss of $0.55 per share on revenue of $5.29 billion.
Ingersoll-Rand plc (IR) is expected to report EPS of $1.10 on revenue of $3.73 billion, compared to last year’s EPS of $1.07 on revenue of $3.59 billion.
Schlumberger N.V. (SLB) is expected to report third quarter EPS of $1.24 on revenue of $11.59 billion, compared to last year’s EPS of $1.08 on revenue of $10.61 billion.
Honeywell International (HON) is expected to report EPS of $1.24 on revenue of $9.92 billion, compared to last year’s EPS of $1.20 on revenue of $9.34 billion.
Today’s Featured Dow Stock
AT&T Inc. (T) is up +2.17% year-to-date.
Financial Calendar
0830 ET USDA weekly Export Sales.
1400 ET Chicago Fed President Charles Evans speaks on the economy to the FMA Annual Meeting Luncheon.
1500 ET Sep Cattle-On-Feed.
1630 ET Fed Governor Jeremy Stein speaks on Methods for Addressing Financial Imbalances at a National Bureau of Economic Research Conference in Boston, MA.