Dow stocks at new 52 week highs include 3M (MMM) and Pfizer (PFE). There are no Dow stock 52 week lows.
The Market
Tuesday the Dow closed down -32.43 (-0.21%) at 15,750.67.
Premarket, the Dow was indicated to open down -80 points.
Year-to-date the Dow is up +20.20%.
Investors are still speculating on when the Fed will reduce quantitative easing. Recent commentary by Fed officials continues to confound, with some for more stimulus and some for less.
There are only two Dow stocks in the red for the year, Caterpillar Inc. (CAT) -6.43% and International Business Machines Co. (IBM) -4.43%.
The biggest Dow stock returns belong to Boeing Co. (BA) +75.60% and Nike Inc. (NKE) +48.97%.
European stocks are lower and Asian stocks ended lower.
The national average price of gasoline is up seven-tenths of a cent to $3.186 per gallon. Gas at our local Gig Harbor Costco was $3.069. Yay!
Earnings Reports.
Cisco Systems Inc. (CSCO) reports earnings today 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 Tuesday include:
D.R. Horton, Inc. (DHI) reported fourth quarter EPS of $0.40 on revenue of $1.82 billion, compared to last year’s EPS of $0.30 on revenue of $1.30 billion.
DISH Network Corporation (DISH) reported third quarter ESP of $0.68 on revenue of $3.60 billion, compared to last year’s loss of $0.35 on revenue of $3.52 billion.
YRC Worldwide, Inc. (YRCW) reported a third quarter loss of $4.45 on revenue of $1.25 billion, compared to last year’s loss of $4.30 on revenue of $1.24 billion.
Other stocks expected to report earnings today include:
Cisco Systems, Inc. (NASDAQ: CSCO) is expected to report first quarter EPS of $0.51 on revenue of $12.36 billion, compared to last year’s EPS of $0.48 on revenue of $11.88 billion.
Macy’s Inc. (M) is expected to report third quarter EPS of $0.39 on revenue of $6.20 billion, compared to last year’s EPS of $0.36 on revenue of $6.08 billion.
Pinnacle Foods (PF) is expected to report third quarter EPS of $0.35 on revenue of $563.16 million.
Today’s Featured Dow Stock
Procter & Gamble Co. (PG) is up +21.96% year-to-date.
Financial Calendar
0700 ET Weekly MBA mortgage applications, previous -7.0% with purchase sub-index -5.2% and refi sub-index -7.9%.
1300 ET Treasury auctions $24 billion 10-year T-notes.
1400 ET Oct monthly budget statement expected -$100.00 billion, Sep +$75.07 billion.
1630 ET API weekly U.S. oil statistics.
1900 ET Fed Chairman Ben Bernanke holds a town hall meeting with educators in Washington D.C.