DJIA Market Happenings For Tuesday, January 14, 2014

Dow stocks at 52 week highs include Merck (MRK). There are no Dow stock 52 week lows.

The Market

Premarket, the Dow was indicated to open up +26 points.

Monday, the Dow closed down -179.11 (-1.09%) at 16,257.94.

Year-to-date the Dow is down -1.92%.

JPMorgan Chase (JPM) reported adjusted Q4 EPS of $1.40, better than consensus of $1.37. Net income was $5.28 billion in the last three months of 2013, down from $5.69 billion in the same period a year earlier.

Intel (INTC) was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan with a $29 price target.

European stocks are lower and Asian stocks ended mixed.

The national average price of gasoline is down four-tenths of a cent to $3.308 per gallon.

Earnings Reports.

JPMorgan (JPM) reported earnings on 1/14/14 of $1.40/share before the market open.

Intel (INTC) reports earnings on 1/15/14 after the market close.

Goldman Sachs (GS) will report earnings on 1/16/14 before the market open.

United Health (UNH) reports earnings on 1/16/14 before the market open.

General Electric wil report earnings on 1/17/14 before the market open.

Johnson & Johnson (JNJ) will report earnings on 1/21/14 before the market open.

Travelers (TRV) will report earnings on 1/21/14 before the market open.

Verizon (VZ) will report earnings on 1/21/14 before the market open.

International Business Machines (IBM) will report earnings on 1/21/14 after the market close.

United Technologies will report earnings on 1/22/14 before the market open.

McDonalds (MCD) will report earnings on 1/223/14 before the market open.

Microsoft (MSFT) will report earnings on 1/23/14 after the market close.

Procter & Gamble (PG) will report earnings on 1/24/14 before the market open.

Caterpillar (CAT) will report earnings on 1/27/14 before the market open.

Earnings reports from Monday include:

Xyratex (NASDAQ: XRTX) reported an EPS loss of $0.03 per share on revenue of $185.3 million.

Other stocks expected to report earnings today include:

JP Morgan (JPM) is expected to report EPS of $1.33 on revenue of $23.82 billion.

Wells Fargo (WFC) is forecast to report EPS of $0.98 per share on revenue of $20.67 billion.

Today’s Featured Dow Stock

Visa Inc. (V)

Visa Inc. (V) is down -1.70% year-to-date.

Financial Calendar

0830 ET Dec retail sales expected +0.1% and +0.4% ex-autos, Nov +0.7% and +0.4% ex-autos.

0830 ET Dec import price index expected +0.4% m/m and -0.6% y/y, Nov -0.6% m/m and -1.5% y/y.

1000 ET Nov business inventories expected +0.3%, Oct +0.7%.

1245 ET Philadelphia Fed President Charles Plosser speaks on the economic outlook to the Union League of Philadelphia.

1320 ET Dallas Fed President Richard Fisher speaks on the U.S. and regional economic outlook to the National Association of Corporate Directors.

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