The Dow Market Happenings For Monday, January 27, 2014

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket, the Dow was indicated to open up +54 points.

Friday, the Dow closed down -318.24 (-1.96%) at 15,879.11.

Year-to-date the Dow is down -4.21%.

This morning Caterpillar (CAT) reported Q4 2013 earnings of $1.54 with analysts expecting $1.28. Q4 2013 sales and revenues were $14.4B, down 10% from $16.075BG in Q4 2012. FY 2013 EPS was $5.75 down from $8.48 and FY 2013 Sales/Revenues of $55.656B were down 16% from $65.875B in 2012.

Caterpillar (CAT) reported Q4 EPS of $1.54, well ahead of consensus of $1.28, and also approved a new $10 billion stock repurchase program.

Cisco (CSCO) was downgraded to ‘Underweight’ from ‘Neutral’ at JPMorgan.

Merck (MRK) was upgraded to ‘Overweight’ from ‘Equal Weight’ at Morgan Stanley.

The WSJ reported that Wal-Mart (WMT) will eliminate 2,300 Sam’s Club employees.

European stocks are lower and Asian stocks ended lower.

The national average price of gasoline over the weekend is down six-tenths of a cent to $3.282 per gallon.

Earnings Reports.

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

Goldman Sachs (GS) reported earnings on 1/16/14 of $4.60/share before the market open beating consensus of $4.18/share.


American Express (AXP) reported earnings
of $1.25/share on 1/16/14 after the market close.

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

United Health (UNH) reported earnings of $1.41/share on 1/16/14 before the market open.

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

Johnson & Johnson (JNJ) reported earnings of $1.24/share on 1/21/14 before the market open.

Travelers (TRV) reported earnings of $2.68/share on 1/21/14 before the market open beating consensu.

Verizon (VZ) reported earnings of $0.66/share on 1/21/14 before the market open beating consensus.

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

United Technologies reported earnings of $1.58, higher than consensus of $1.53, on 1/22/14 before the market open.

McDonalds (MCD) reported earnings of $1.40/share on 1/23/14 before the market open, beating consensus by a penny.

Microsoft (MSFT) reported earnings of $0.78/share on 1/23/14 after the market close, beating consensus of $0.68/share.

Procter & Gamble (PG) reported earnings on 1/24/14 before the market open of $1.21/share, beating consensus of $1.20.

Caterpillar (CAT) reported earnings of $1.54/share on 1/27/14 before the market open, beating consensus of $1.28/share..

Dupont (DD) reports earnings on 1/28/14 before the open.

General Electric (GE) reports earnings on 1/28/14 before the open.

Pfizer (PFE) reports earnings on 1/28/14 before the open.

AT&T (T) reports earnings on 1/28/14 after the market close.

Boeing (BA) reports earnings on 1/29/14 before the market open.

Visa (V) reports earnings on 1/30/14 before the market open.

Exxon Mobil (XOM) reports earnings on 1/30/14 before the market open.

Chevron (CVX) reports earnings on 1/31/14 before the market open.

Merck (MRK) reports earnings on 2/5/14 before the market open.

Earnings reports from Friday include:

Procter & Gamble Company (PG) reported second quarter EPS of $1.21 on revenue of $22.28 billion, compared to last year’s EPS of $1.22 on revenue of $22.18 billion.

Honeywell International Inc. (HON) reported fourth quarter EPS of $1.24 on revenue of $10.39 billion, compared to last year’s EPS of $1.10 on revenue of $9.58 billion.

Xerox Corporation (XRX) reported fourth quarter EPS of $0.29 on revenue of $5.57 billion, compared to last year’s EPS of $0.30 on revenue of $5.92 billion.

Kimberly-Clark Corporation (KMB) reported fourth quarter EPS of $1.44 on revenue of $5.31 billion, compared to last year’s EPS of $1.37 on revenue of $5.31 billion.

Bristol-Myers Squibb Company (BMY) reported fourth quarter EPS of $0.51 on revenue of $4.44 billion, compared to last year’s EPS of $0.47 on revenue of $4.19 billion.

Other stocks expected to report earnings today include:

Apple Inc. (AAPL) is expected to report first quarter EPS of $14.08 on revenue of $57.40 billion, compared to last year’s EPS of $13.81 on revenue of $54.51 billion.

United States Steel Corporation (X) is expected to report a fourth quarter loss of $0.26 per share on revenue of $4.34 billion, compared to last year’s loss of $0.41 on revenue of $4.49 billion.

Seagate Technology (STX) is expected to report second quarter EPS of $1.38 on revenue of $3.56 billion, compared to last year’s EPS of $1.38 on revenue of $3.67 billion.

Ashland Inc. (ASH) is expected to report first quarter EPS of $1.31 on revenue of $1.87 billion, compared to last year’s EPS of $1.12 on revenue of $1.87 billion.

Today’s Featured Dow Stock

Caterpillar Inc. (CAT)

Caterpillar Inc. (CAT) is up -5.11% year-to-date.

Financial Calendar

1000 ET Dec new home sales expected -1.9% to 455,000, Nov -2.1% to 464,000.

1100 ET USDA weekly grain export inspections.

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