The Dow Market Happenings For Wednesday, February 12, 2014

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

The Market

Premarket, the Dow was indicated to open up +1 points.

Tuesday, the Dow closed up +192.98 (+1.22%) at 15,994.77.

Year-to-date the Dow is down -3.51%

In testimony before the House, Janet Yellen said the Fed will continue reducing its stimulus as the economy gradually improves, and said recent emerging market turmoil posed no real risk to the outlook.

The House has voted to raise the limit on U.S. borrowing for a year which could give markets another push. The Senate is expected to vote on the measure Wednesday.

China reported a 10% surge in exports for January, which provided a boost to markets despite warnings from economists that the data may have been distorted by over-invoicing and the Lunar New Year holiday.

Procter & Gamble (PG) said it expects an 8 cent-10 cent a share charge due to the devaluation of Venezuela’s currency.

Cisco Systems (CSCO) reports earnings today after the close.

European stocks are higher and Asian stocks ended higher.

The national average price of gasoline is up a penny to $3.317 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.

Wal-Mart Stores Inc (WMT) reports earnings on 2/20/14 before the market open.

Home Depot Inc. (HD) reports earnings on 2/25/14 before the market open.

Notable earnings reports include:

CVS Caremark (CVS) reported fourth quarter EPS of $0.39, beating the consensus estimate of $0.35. Revenue of $32.8 billion beat the consensus estimate of $32.67 billion.

Sprint (S) reported fourth quarter EPS of -$0.26, beating the consensus estimate of -$0.33. Revenue of $9.14 million beat the consensus estimate of $7.75 million.

The Mosaic Company (MOS) reported fourth quarter EPS of $0.30, missing the consensus estimate of $0.42. Revenue of $2.2 billion beat the consensus estimate of $1.87 billion.

Other stocks expected to report earnings today include:

Cisco Systems (CSCO) is expected to report Q2 EPS of $0.46 on revenue of $11.03 billion.

Deere (DE) is expected to report Q1 EPS of $1.52 on revenue of $6.62 billion.

MetLife (MET) is expected to report Q4 EPS $1.30 on revenue of $17.4 billion.

NetApp (NTAP) is expected to report Q3 EPS of $0.71 on revenue of $1.63 billion.

Whole Foods (WFM) is expected to report Q1 EPS of $0.44 on revenue of $4.29 billion.

Today’s Featured Dow Stock

McDonald’s Corp. (MCD)

McDonald’s Corp. (MCD) is down -1.74% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +0.4% with purchase sub-index -3.8% and refi sub-index +2.9%.

0845 ET St. Louis Fed President James Bullard speaks on a panel discussion about Economic and Monetary Policy Challenges Facing the U.S. and the Eurozone in 2014.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $24 billion 10-year T-notes.

1400 ET Jan monthly budget statement expected -$28.5 billion, Dec +$53.220 billion.

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2781