DJIA Market Happenings For Monday, February 3, 2014

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include Chevron (CVX).

The Market

Premarket, the Dow was indicated to open up +8 points.

Friday, the Dow closed down -149.76 (-0.94%) at 15,698.85.

Year-to-date the Dow is down -5.30%.

The most important thing that happened over the weekend was our beloved Seahawks blowing the Broncos right out of the stadium.

Goldman Sachs (GS) was upgraded to ‘Buy’ from ‘Neutral’ at Guggenheim.

Another Jobs number comes this Friday.

Disney (DIS) and Merck (MRK) report earnings on Wednesday this week.

European stocks are lower and Asian stocks ended lower.

The national average price of gasoline over the weekend is up one-tenth of a cent to $3.279 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 reported earnings of $0.53/share on 1/17/14 before the market open meeting consensus.

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) reported earnings on 1/28/14 before the open of $0.59/share beating consensus of $0.55/share.

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

Pfizer (PFE) reported earnings on 1/28/14 before the open of $0.56/share beating consensus of $0.52/share.

AT&T (T) reported adjusted earnings on 1/28/14 after the market close of $0.53/share, beating consensus of $0.50/share.

Boeing (BA) reported core earnings on 1/29/14 before the market open of $1.88/share, beating consensus of $1.57/share.

3M (MMM) reported earnings on 1/30/14 before the market open of $1.62/share, meeting consensus.

Visa (V) reported earnings on 1/30/14 before the market open of $2.20/share, beating consensus of $2.16/share.

Exxon Mobil (XOM) reported earnings on 1/30/14 before the market open of $1.91/share, missing consensus of $1.92.

Chevron (CVX) reported earnings on 1/31/14 before the market open of $2.57/share, missing consensus of $2.60/share.

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

Disney (DIS) reports earnings on 2/5/14 after the market close.

Cisco (CSCO) reports earnings on 2/12/14 after the market close.

Earnings reports from Friday include:

Chevron (CVX) reported EPS of $2.57 on revenue of $54 billion, compared to last year’s EPS of $2.98 on revenue of $60.55 billion.

Mastercard (MA) reported EPS of $0.57 on revenue of $2.10 billion, compared to last year’s EPS of $0.49 on revenue of $1.90 billion.

Mattel (MAT) reported EPS of $1.07 on revenue of $2.11 billion, compared to last year’s EPS of $1.12 on revenue of $2.26.

Tyson Foods (NYSE: TSN) reported EPS of $0.72 on revenue of $8.76 billion, compared to last year’s EPS of $0.48 on revenue of $8.40 billion.

Other stocks expected to report earnings today include:

First Bancorp. (FBP) is expected to report EPS of $0.11, compared to last year’s EPS of $0.07.

UGI Corporation (UGI) is expected to report EPS of $1.08, compared to last year’s EPS of $0.90.

Yum! Brands, Inc. (YUM) is expected to report EPS of $0.80, compared to last year’s EPS of $0.83.

Today’s Featured Dow Stock

General Electric Co. (GE)

General Electric Co. (GE) is down -10.35% year-to-date. Remember the adage “As GE goes, so goes the market”,

Financial Calendar

1000 ET Jan ISM manufacturing index expected -1.0 to 56.0, Dec -0.3 to 57.0. Jan ISM prices paid sub-index expected +0.3 to 53.8, Dec +1.0 to 53.5.

1000 ET Dec construction spending expected +0.3% m/m, Nov +1.0% m/m.

1100 ET USDA weekly grain export inspections.

1700 ET Jan total vehicle sales expected 15.70 million, Dec 15.30 million. Jan domestic vehicle sales expected 12.0 million, Dec 11.65 million.

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