Dow stocks at 52 week highs include Caterpillar (CAT) and Disney (DIS). There are no Dow stock 52 week lows.
The Market
Premarket, the Dow was indicated to open down -9 points.
Monday, the Dow closed up +103.84 (+0.64%) at 16,207.14.
Year-to-date the Dow is down -2.23%.
Home Depot (HD) reported Q4 EPS of 73 cents, higher than consensus of 71 cents. The company said that a recovering housing market drove the increase in quarterly sales.
Verizon (VZ) was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan.
The S&P/Case-Shiller Home Price Indices showed that National home prices closed the year of 2013 up 11.3%. This represents a slight improvement over last quarter’s annual rate of 11.2%. In the fourth quarter of 2013, the National Index declined 0.3%.
European stocks are lower and Asian stocks ended mixed.
The national average price of gasoline is up seven-tenths of a cent to $3.426 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) reported earnings on 2/12/14 after the market close of $0.47/share, beating consensus of $0.46/share..
Coca Cola (KO) reported earnings on 2/18/14 before the market open of $0.46/share, meeting expectations.
Wal-Mart Stores Inc (WMT) reported earnings on 2/20/14 before the market open of $1.60/share, better than consensus of $1.59/share.
Home Depot Inc. (HD) reported earnings on 2/25/14 before the market open of $0.73/share, beating consensus of $0.71/share.
Notable earnings reports include:
Frontier Communications (FTR) reported fourth quarter EPS of $0.07, beating the consensus estimate of $0.06. Revenue of $1.18 billion was in-line with the consensus estimate.
HSBC Holdings (HSBC) reported that its 2013 pretax profit totaled $22.56 billion, short of the consensus estimate of $24.6 billion.
Other stocks expected to report earnings today include:
Domino’s Pizza (DPZ) is estimated to report its Q4 earnings at $0.76 per share on revenue of $563.39 million.
The Home Depot (HD) is expected to report its Q4 earnings at $0.71 per share on revenue of $17.91 billion.
Macy’s (M) is projected to report its Q4 earnings at $2.17 per share on revenue of $9.27 billion.
Toll Brothers (TOL) is estimated to report its Q1 earnings at $0.18 per share.
Office Depot (ODP) is expected to report its Q4 earnings at $0.03 per share on revenue of $4.09 billion.
Today’s Featured Dow Stock
United Technologies Corp. (UTX)
United Technologies Corp. (UTX) is up +2.36% year-to-date.
Financial Calendar
0900 ET Dec FHFA house price index expected +0.3% m/m, Nov +0.1% m/m. Q4 house price purchase index expected +1.00% q/q, Q3 +1.96% q/q.
0900 ET Dec S&P/CaseShiller composite-20 home price index expected +0.6% m/m and +13.40% y/y, Nov +0.88% m/m and +13.71% y/y. Q4 home price index, Q3 +11.18% y/y.
1000 ET U.S. Feb consumer confidence (Conference Board) expected -0.7 to 80.0, Jan +3.2 to 80.7.
1000 ET Feb Richmond Fed manufacturing index expected -7 to 5, Jan -1 to 12.
1010 ET Fed Governor Daniel Tarullo speaks at the annual NABE conference on a panel titled A View from the Fed.
1300 ET Treasury auctions $32 billion 2-year T-notes.