Dow stocks at new 52 week highs include 3M (MMM), Dupont (DD) and Visa (V). There are no Dow stock 52 week lows.
The Market
Thursday the Dow closed up +95.88 (+0.62%) at 15,509.21.
Premarket, the Dow was indicated to open down -14 points.
Year-to-date the Dow is up +18.35%.
Procter & Gamble (PG) announced that its sales and profit rose in the quarter, as expected, but their shares slipped in premarket trading.
Microsoft (MSFT) jumped 6% in after-hours trading after it reported Q1 EPS of 62 cents, well ahead of consensus of 54 cents.
European markets are mostly higher and Asian markets ended lower.
The national average price of gasoline is down 1.4 cents to $3.315 per gallon.
Earnings Reports
Procter & Gamble (PG) reports earnings today 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.
Visa (V) reports earnings on 10/30/13 after the market close.
Exxon Mobil (XOM) reports earnings on 10/31/13 before the market open.
Chevron (CVX) reports earnings on 11/01/13 before the market open.
Earnings reports from Thursday include:
3M Company (MMM) reported third quarter EPS of $1.78 on revenue of $7.92 billion, compared to last year’s EPS 0f $1.65 on revenue of $7.50 billion.
Microsoft Corporation (MSFT) reported EPS of $0.62 on revenue of $18.53 billion, compared to last year’s EPS 0f $0.53 on revenue of $16.01 billion.
Amazon.com, Inc. (AMZN) reported a third quarter loss of $0.09 per share on revenue of $17.09 billion, compared to last year’s loss of $0.60 on revenue of $13.81 billion.
Ford Motor Company (F) reported third quarter EPS of $0.45 on revenue of $33.90 billion, compared to last year’s EPS 0f $0.40 on revenue of $30.25 billion.
Raytheon Company (RTN) reported third quarter EPS of $1.51 on revenue of $5.84 billion, compared to last year’s EPS of $1.51 on revenue of $6.04 billion.
Other stocks expected to report earnings today include:
Procter & Gamble Company (PG) is expected to report first quarter EPS of $1.06 on revenue of $21.09 billion, compared to last year’s EPS of $1.06 on revenue of $20.74 billion.
Lear Corporation (LEA) is expected to report third quarter EPS of $1.33 on revenue of $3.84 billion, compared to last year’s EPS 0f $1.29 on revenue of $3.54 billion.
Moody’s Corporation (MCO) is expected to report third quarter EPS of $0.81 on revenue of $715.85 million, compared to last year’s EPS 0f $0.75 on revenue of $688.50 million billion.
United Parcel Services (UPS) is expected to report EPS of $1.15 on revenue of $13.60 billion, compared to last year’s EPS of $1.06 on revenue of $13.07 billion.
Today’s Featured Dow Stock
Exxon Mobil Corp. (XOM) is up +2.16% year-to-date.
Financial Calendar
0830 ET Sep durable goods orders expected +2.2% and +0.5% ex transportation, Aug +0.1% and -0.1% ex transportation. Sep capital goods orders non-defense ex-aircraft expected +0.7% m/m, Aug +1.5%.
0955 ET Final-Oct University of Michigan U.S. consumer confidence expected -0.2 to 75.0, early-Oct -2.3 to 75.2.
1000 ET Aug wholesale inventories expected +0.3% m/m, July +0.1%. Aug wholesale sales expected +0.3% m/m, July +0.1% m/m.