Market Happenings For Friday, December 13, 2013

Dow stocks at new 52 week highs include Disney (DIS) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket, the Dow was indicated to open up +25 points.

Year-to-date the Dow is up +20.27%.

Boeing (BA) was awarded a $872.77 million government contract for system upgrades for F/A-18 A/B, C/D, E/F and EA-18G aircraft for the U.S. Navy and the governments of Australia, Finland, Switzerland, Kuwait, Malaysia, and Canada.

The Republican controlled U.S. House approved a compromised federal budget agreement yesterday.

Next week the Fed holds its final policy meeting for the year.

European stocks are higher and Asian stocks ended mixed.

The national average price of gasoline is down five-tenths of a cent to $3.248 per gallon.

Earnings Reports.

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

Earnings reports from Thursday include:

Adobe Systems Incorporated (ADBE) reported third quarter EPS of $0.32 on revenue of $1.04 billion, compared to last year’s EPS of $0.61 on revenue of $1.15 billion.

CIENA Corporation (CIEN) reported fourth quarter EPS of $0.16 on revenue of $583.40 million, compared to last year’s loss of $0.07 on revenue of $465.53 million.

lululemon athletica in. (LULU) reported third quarter EPS of $0.45 on revenue of $379.90 million, compared to last year’s EPS of $0.39 on revenue of $316.54 million.

Other stocks expected to report earnings today include:

There are no notable earnings expected this Friday the 13th.

Today’s Featured Dow Stock

Goldman Sachs Group Inc. (GS)

Goldman Sachs Group Inc. (GS) is up 32.30% year-to-date.

Financial Calendar

0830 ET Nov PPI expected unch m/m and +0.8% y/y, Oct -0.2% m/m and +0.3% y/y. Nov PPI ex food & energy expected +0.1% m/m and +1.4% y/y, Oct +0.2% m/m and +1.4% y/y.

n/a U.S. Congress deadline for budget proposal.

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