Market Happenings For Tuesday, December 10, 2013

Dow stocks at new 52 week highs include Nike (NKE) and Exxon Mobil (XOM). There are no Dow stock 52 week lows.

The Market

Monday the Dow closed up +5.33 (+0.03%) at 16,025.53.

Premarket, the Dow was indicated to open down -46 points.

Year-to-date the Dow is up +22.29%.

There is nothing going on with Dow stocks today.

Personally I think we are going higher into Christmas.

European stocks are higher and Asian stocks ended lower.

The national average price of gasoline is down four-tenths of a cent to $3.259 per gallon.

Earnings Reports.

Nike (NKE) is expected to report earnings on 12/19/13 after the market close.

Earnings reports from Monday include:

ABM Industries Incorporated (ABM) reported fourth quarter EPS of $0.48 on revenue of $1.24 billion, compared to last year’s EPS of $0.50 on revenue of $1.09 billion.

Pep Boys- Manny, Moe & Jack (PBY) reported third quarter EPS of $0.02 on revenue of $507.00 million, compared to last year’s EPS of $0.12 on revenue of $509.61 million.

Vail Resorts, Inc. (MTN) reported a first quarter loss of $2.04 on revenue of $123.40 million, compared to last year’s loss of $1.70 on revenue of $166.35 million.

Other stocks expected to report earnings today include:

AutoZone, Inc. (AZO) is expected to report third quarter EPS of $6.29 on revenue of $2.11 billion, compared to last year’s EPS of $5.41 on revenue of $1.99 billion.

H &R Block, Inc. (HRB) is expected to report a third quarter loss of $0.37 per share on revenue of $137.85 million, compared to last year’s loss of $0.37 on revenue of $137.26 million.

Toll Brothers Inc. (TOL) is expected to report fourth quarter EPS of $0.41 on revenue of $981.62 million, compared to last year’s EPS of $2.35 on revenue of $632.83 million.

Today’s Featured Dow Stock

Dupont E I De Nemours & Co. (DD)

Dupont E I De Nemours & Co. (DD) is up 36.49% year-to-date.

Financial Calendar

1000 ET Oct wholesale inventories expected +0.3%, Sep +0.4%. Oct wholesale trade sales expected +0.2%, Sep +0.6%.

1200 ET Dec WASDE crop production report.

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

1630 ET API weekly U.S. oil statistics.

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