Thee are no Dow stocks at new 52 week highs. There are no Dow stock 52 week lows.
The Market
Tuesday the Dow closed down -94.15 (-0.59%) at 15,914.62.
Premarket, the Dow was indicated to open down -27 points.
Year-to-date the Dow is up +21.45%.
The economy added 215,000 private-sector jobs in November. That’s well above the 160,000 gain that was expected. This bodes well for a good Jobs Report on Friday.
AT&T (T) was downgraded to ‘Neutral’ from ‘Overweight’ at JPMorgan.
European stocks are lower and Asian stocks ended mixed.
The national average price of gasoline is down six-tenths of a cent to $3.257 per gallon.
Earnings Reports.
There are no Dow stocks set to report earnings near term.
Earnings reports from Tuesday include:
Bank Of Montreal (BMO) reported fourth quarter EPS of $1.64 on revenue of $4.19 billion, compared to last year’s EPS of $1.65 on revenue of $4.18 billion.
OmniVision Technologies, Inc. (OVTI) reported second quarter EPS of $0.60 on revenue of $397.20 million, compared to last year’s EPS of $0.33 on revenue of $390.14 billion.
United Natural Foods, Inc. (UNFI) reported first quarter EPS of $0.46 on revenue of $1.69 billion, compared to last year’s EPS of $0.46 on revenue of $1.41 billion.
Other stocks expected to report earnings today include:
Aeropostale Inc. (ARO) is expected to report a third quarter loss of $0.24 per share on revenue of $520.04 million, compared to last year’s EPS of $0.31 on revenue of $605.92 million.
Avago Technologies Limited (AVGO) is expected to report fourth quarter EPS of $0.82 on revenue of $731.58 million, compared to last year’s EPS of $0.71 on revenue of $618.00 million.
Brown Forman Corporation (BFB) is expected to report second quarter EPS of $0.91 on revenue of $1.04 billion, compared to last year’s EPS of $0.80 on revenue of $1.01 billion.
Today’s Featured Dow Stock
Caterpillar Inc. (CAT) is down -6.40% year-to-date.
Financial Calendar
0700 ET Weekly MBA mortgage applications, previous -0.3% with purchase sub-index -0.2% and refi sub-index +0.1%.
0815 ET Nov ADP employment change expected +170,000, Oct +130,000.
0830 ET Oct trade balance expected -$40.0 billion, Sep -$41.8 billion.
1000 ET Oct new home sales expected +2.1% to 430,000, Sep postponed, Aug +7.9% to 421,000.
1000 ET Nov ISM non-manufacturing index expected -0.4 to 55.0, Oct +1.0 to 55.4.
1030 ET EIA Weekly Petroleum Status Report.
1400 ET Fed Beige Book.