Market Happenings For Tuesday, November 05, 2013

Dow stocks at new 52 week highs include Boeing (BA) and Pfizer (PFE). There are no Dow stock 52 week lows.

The Market

Monday the Dow closed up +23.57 (+0.15%) at 15,639.12.

Premarket, the Dow was indicated to open down -68 points.

Year-to-date the Dow is up +19.34%.

It’s a pretty boring day for Dow stocks. There’s just no news, good or bad.

I’m still looking for markets to pull back a bit more before investors once again step in and buy the dip.

Walt Disney (DIS) reports earnings on Thursday.

European markets are lower and Asian markets ended mixed.

The national average price of gasoline is down 1.2 cents to $3.240 per gallon.

Earnings Reports.

Walt Disney (DIS) reports earnings on 11/7/13 after the market close.

Cisco Systems Inc. (CSCO) reports earnings on 11/13/13 after the market close.

Wal-Mart Stores Inc. (WMT) reports earnings on 11/14/13 before the market open.

Earnings reports from Monday include:

CME Group Inc. (CME) reported third quarter EPS of $0.75 on revenue of $714.60 million, compared to last year’s EPS of $0.70 on revenue of $683.20 million.

Hill International, Inc. (HIL) reported EPS of $0.06 on revenue of $142.00 million, compared to last year’s EPS of $0.03 on revenue of $103.56 million.

Kellogg Company (K) reported third quarter EPS of $0.95 on revenue of $3.72 billion, compared to last year’s EPS of $0.82 on revenue of $3.72 billion.

Plains All American Pipeline, L.P. (PAA) reported third quarter EPS of $0.53 on revenue of $10.70 billion, compared to last year’s EPS of $0.73 per share on revenue of $9.35 billion.

Other stocks expected to report earnings today include:

DIRECTV (DTV) is expected to report third quarter EPS of $1.03 on revenue of $7.85 billion, compared to last year’s EPS of $0.90 on revenue of $7.42 billion.

Health Net Inc. (HNT) is expected to report EPS of $0.60 on revenue of $2.72 billion, compared to last year’s EPS of $0.38 on revenue of $2.78 billion.

Sandridge Energy Inc. (SD) is expected to report third quarter EPS of $0.00 on revenue of $448.62 million, compared to last year’s EPS of $0.05 on revenue of $532.80 million.

Tesla Motors, Inc. (TSLA) is expected to report EPS of $0.11 on revenue of $50.10 million, compared to last year’s loss of $0.92 per share on revenue of $535.41 million.

Today’s Featured Dow Stock

JPMorgan Chase and Co. (JPM)

JPMorgan Chase and Co. (JPM) is up +18.36% year-to-date.

Financial Calendar

1000 ET Oct ISM non-manufacturing index expected -0.4 to 54.0, Sep -4.2 to 54.4.

1315 ET Richmond Fed President Jeffrey Lacker speaks to area business people on the labor market topic Starting Early in Workforce Development.

1630 ET API weekly U.S. oil statistics.

1700 ET San Francisco Fed President John Williams speaks to reporters at the Asia Economic Policy Conference.

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