Dow stocks at new 52 week highs include American Express (AXP), Disney (DIS), Goldman Sachs (GS), Johnson & Johnson (JNJ), JPMorgan (JPM), Nike (NKE), Pfizer (PFE), Procter & Gamble (PG), Travellers (TRV) and Wal-Mart (WMT). There are no Dow stock 52 week lows.
The Market
Monday the Dow closed up +7.77 (+0.05%) at 16,072.54.
Premarket, the Dow was indicated to open up +1 points.
Year-to-date the Dow is up +22.65%.
Case-Shiller home prices climbed 1.03% month-over-month in September, and were up 13.29% on the year. The numbers beat economists expectations for a 0.9% month-over-month rise, and a 13% year-over-year rise. This was also the biggest gain since February 2006. August’s numbers were revised down modestly, to show a 0.9% month over month rise, and a 12.8% year over year rise. Home prices were up 3.2% in the third quarter and up 11.2% over the last four quarters.
Former Dow stock Hewlett-Packard (HPQ) reports earnings after the close today.
European stocks are mixed and Asian stocks ended mixed.
The national average price of gasoline is up six-tenths of a cent to $3.286 per gallon.
Earnings Reports.
There are no Dow stocks set to report earnings near term.
Earnings reports from Monday include:
Nuance Communications (NUAN) reported fourth quarter EPS of $0.30 on revenue of $472.20 million, compared to last year’s EPS of $0.51 on revenue of $490.09 million.
Qihoo 360 Technology Co. Ltd. (QIHU) reported third quarter EPS of $0.23 on revenue of $187.90 million, compared to last year’s EPS of $0.20 on revenue of $84.04 million.
Other stocks expected to report earnings today include:
Cracker Barrel Old Country Store, Inc. (CBRL) is expected to report first quarter EPS of $1.15 on revenue of $646.25 million, compared to last year’s EPS of $1.08 on revenue of $627.45 million.
Hewlett-Packard Company (HPQ) is expected to report fourth quarter EPS of $1.00 on revenue of $27.87 billion, compared to last year’s EPS of $1.16 on revenue of $29.96 billion.
Hormel Foods Corporation (HRL) is expected to report fourth quarter EPS of $0.54 on revenue of $2.30 billion, compared to last year’s EPS of $0.49 on revenue of $2.17 billion.
Tiffany & Co. (TIF) is expected to report third quarter EPS of $0.58 on revenue of $889.38 million, compared to last year’s EPS of $0.49 on revenue of $852.74 million.
Today’s Featured Dow Stock
3M Co. (MMM) is up +41.34% year-to-date.
Financial Calendar
0830 ET Oct building permits expected +0.4% to 930,000 (Sep postponed), Aug 926,000. Housing starts report will be delayed until Dec 18 due to government shutdown.
0900 ET Sep S&P/CaseShiller composite-20 home price index expected +0.90% m/m and +13.00% y/y, Aug +0.93% m/m and +12.82% y/y.
0900 ET Sep FHFA house price purchase only index expected +0.4% m/m, Aug +0.3% m/m. Q3 FHFA house price purchase only index expected +2.0% q/q, Q2 +2.10% q/q.
1000 ET Nov Richmond Fed manufacturing index expected +3 to 4, Oct +1 to 1.
1000 ET U.S. Nov consumer confidence (Conference Board) expected +1.3 to 72.5, Oct -9.0 to 71.2.
1300 ET Treasury auctions $35 billion 5-year T-notes.
1630 ET API weekly U.S. oil statistics.