The Dow Market Happenings For Thursday, February 6, 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 +30 points.

Wednesday, the Dow closed down -5.01 (-0.03%) at 15,440.23.

Year-to-date the Dow is down -6.86%.

Disney (DIS) rose nearly 4% in pre-market trading after it reported Q1 EPS ex-items of $1.04, well ahead of consensus of 92 cents.

The market is waiting for Friday’s monthly non-farm payroll data, which should give a good overview of the current state of the U.S. job market. Economists are forecasting 178,000 jobs were created in January, up from only 74,000 jobs the prior month, with an unemployment rate of 6.7%.

European stocks are higher and Asian stocks ended mostly higher.

The national average price of gasoline is down two-tenths of a cent to $3.272 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) reported earnings on 2/5/14 before the market open of $0.88/share, below consensus of $0.89/share.

Disney (DIS) reported earnings on 2/5/14 after the market close of $1.04/share, beating consensus of $0.92/share.

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

Coca Cola (KO) reports earnings on 2/18/14 before the market open.

Earnings reports from Wednesday include:

Merck (NYSE: MRK) reported Q4 EPS of $0.88, missing the consensus estimate of $0.89. Revenue of $11.32 billion missed the consensus estimate of $11.39 billion.

Pandora (P) reported Q4 EPS of $0.11, beating the consensus estimate of $0.08. Revenue of $200.8 million was in-line with the consensus estimate.

Ralph Lauren (RL) reported EPS of $2.57, beating the consensus estimate of $2.51. Revenue of $2.02 billion was in-line with the consensus estimate.

Twitter (TWTR) reported fourth quarter EPS of $0.02, beating the consensus estimate of -$0.01. Revenue of $243 million beat the consensus estimate of $216.86 million.

Other stocks expected to report earnings today include:

Activision Blizzard (ATVI) will report Q4 EPS of $0.73 on revenue $2.22 billion according to analyst estimates.

AptarGroup (ATR) will report Q4 EPS of $0.65 on revenue of $602.4 million according to analyst estimates.

Today’s Featured Dow Stock

Intel Corp. (INTC)

Intel Corp. (INTC) is down -9.38% year-to-date.

Financial Calendar

0730 ET Jan Challenger job cuts, Dec -5.9% y/y.

0830 ET Weekly initial unemployment claims expected -13,000 to 335,000, previous +19,000 to 348,000. Weekly continuing claims expected +7,000 to 2.998 million, previous 16,000 to 2.991 million.

0830 ET Q4 non-farm productivity expected +2.8%, Q3 +3.0%. Q4 unit labor costs expected -0.7%, Q3 -1.4%.

0830 ET Dec trade balance expected -$36.0 billion, Nov -$34.3 billion.

0830 ET USDA weekly Export Sales.

1000 ET Fed Governor Daniel Tarullo testifies before the Senate Banking Committee on Oversight of Financial Stability and Data Security.

1730 ET Boston Fed President Eric Rosengren speaks on the economic outlook at New College in Sarasota, FL.

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