Dow stocks at new 52 week highs include American Express (AXP) and Visa (V). There are no Dow stock 52 week lows.
The Market
Monday the Dow closed down -1.35 (-0.01%) at 15,568.93.
Premarket, the Dow was indicated to open up +18 points.
Year-to-date the Dow is up +18.81%.
Pfizer (PFE) reported Q3 EPS of 58 cents, stronger than consensus of 56 cents. However, the drug maker lowered the top end of its guidance.
The 2-day FOMC meeting begins today and will release its post-meeting statement on Wednesday as usual. However, there will not be a press conference by Fed Chairman Bernanke at this week’s meeting. It is expected the FOMC at this week’s meeting to leave its QE3 program unchanged at $85 billion per month.
European markets are higher and Asian markets ended mixed.
The national average price of gasoline is down seven-tenths of a cent to $3.278 per gallon.
Earnings Reports.
Pfizer (PFE) reports earnings today 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 Monday include:
Merck & Company, Inc. (MRK) reported third quarter EPS of $0.92 on revenue of $11.03 billion, compared to last year’s EPS of $0.95 on revenue of $11.49 billion.
Apple Inc. (AAPL) reported EPS of $8.26 on revenue of $37.50 billion, compared to last year’s EPS of $8.67 on revenue of $35.97 billion.
Biogen Idec Inc. (BIIB) reported third quarter EPS of $2.35 on revenue of $1.83 billion, compared to last year’s EPS of $1.91 on revenue of $1.39 billion.
Herbalife LTD. (HLF) reported third quarter EPS of $1.41 on revenue of $1.21 billion, compared to last year’s EPS 0f $1.04 on revenue of $1.02 billion.
Other stocks expected to report earnings today include:
Aetna Inc. (AET) is expected to report third quarter EPS of $1.53 on revenue of $12.89 billion, compared to last year’s EPS of $1.55 on revenue of $8.90 billion.
Johnson Controls, Inc. (JCI) is expected to report third quarter EPS of $0.95 on revenue of $10.96 billion, compared to last year’s EPS 0f $0.77 on revenue of $10.39 billion.
Nokia Corporation (NOK) is expected to report third quarter EPS of $0.00 on revenue of $7.83 billion, compared to last year’s loss of $0.09 per share on revenue of $9.05 billion.
Valero Energy Corporation (VLO) is expected to report EPS of $1.03 on revenue of $31.77 billion, compared to last year’s EPS of $1.90 on revenue of $34.73 billion.
Today’s Featured Dow Stock
Goldman Sachs Group Inc. (GS) is up +26.57% year-to-date.
Financial Calendar
0830 ET Sep PPI expected +0.2% m/m and +0.6% y/y, Aug +0.3% m/m and +1.4% y/y. Sep PPI ex food & energy expected +0.1% m/m and +1.2% y/y, Aug unch m/m and +1.1% y/y.
0830 ET Sep retail sales expected unch m/m and +0.4% m/m ex autos, Aug +0.2% and +0.1% ex autos.
0900 ET Aug S&P/CaseShiller composite-20 home price index expected +0.70% m/m and +12.50% y/y, July +0.62% m/m and +12.39% y/y.
1000 ET Oct consumer confidence (Conference Board) expected -4.7 to 75.0, Sep -2.1 to 79.7.
1000 ET Aug business inventories expected +0.3% m/m, July +0.4%.
1030 ET FOMC begins 2-day policy meeting.
1300 ET Treasury auctions $35 billion of 5-year T-notes.
1630 ET API weekly U.S. oil statistics.