Market Happenings For Tuesday, November 12, 2013

Dow stocks at new 52 week highs include 3M (MMM) and Johnson & Johnson (JNJ). There are no Dow stock 52 week lows.

The Market

Monday the Dow closed up +21.32 (+0.14%) at 15,783.10.

Premarket, the Dow was indicated to open down -14 points.

Year-to-date the Dow is up +20.44%.

The Dow opened down this morning but is trying to recover at the moment.

The Dow’s last high was hit last Thursday (11/7) at 15,797.68.

Cisco Systems (CSCO) reports earnings tomorrow after the close

European stocks are mixed and Asian stocks closed mostly higher.

The national average price of gasoline is down 3.2 cents to $3.179 per gallon.

Earnings Reports.

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.

Home Depot (HD) will report earnings on 11/19/13 before the market open.

Earnings reports from Monday include:

Hologic, Inc. (HOLX) reported Q4 EPS of $0.39 versus the estimated $0.37, beating by $0.02. EPS were Up 5% from the same quarter last year.

Rackspace Hosting, Inc (RAX) reported Q3 EPS of $0.11 which may not compare to the estimated $0.16. Revenue came in at $388.60M which may not compare to the estimated $387.47M.

Sotheby’s (BID) reported a third quarter loss of $0.44, compared to last year’s loss of $0.48 on revenue of $68.46 million.

Other stocks expected to report earnings today include:

D.R. Horton, Inc. (DHI) is expected to report fourth quarter EPS of $0.40 on revenue of $1.79 billion, compared to last year’s EPS of $0.30 on revenue of $1.30 billion.

DISH Network Corporation (DISH) is expected to report third quarter ESP of $0.43 on revenue of $3.58 billion, compared to last year’s loss of $0.35 on revenue of $3.52 billion.

YRC Worldwide, Inc. (YRCW) is expected to report a third quarter loss of $0.46 on revenue of $1.26 billion, compared to last year’s loss of $4.30 on revenue of $1.24 billion.

Today’s Featured Dow Stock

Pfizer Inc. (PFE)

Pfizer Inc. (PFE) is up +24.56% year-to-date.

Financial Calendar

0830 ET Sep Chicago Fed national activity index expected 0.15, Aug 0.14.

1100 ET USDA weekly grain export inspections.

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

1300 ET Minneapolis Fed President Narayana Kocherlakota speaks on Monetary Policy Strategy at the St. Paul Chamber of Commerce.

1350 ET Atlanta Fed President Dennis Lockhart speaks on the economy at an event hosted by Auburn University.

1600 ET USDA Crop Progress.

1900 ET Dallas Fed President Richard Fisher delivers a speech titled The U.S. Approach to Monetary Policy and Economic Growth to the Committee for Economic Development of Australia.

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