The Dow Market Happenings For Wednesday, March 12, 2014

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

The Market

Premarket today, the Dow was indicated to open down -47 points.

Tuesday, the Dow closed down -67.43 (-0.41%) at 16,351.25.

Year-to-date the Dow is down -1.30%.

There’s just not much happening with the Dow stocks and that’s the problem with the market in general.

There’s no reason to go higher.

Personally, I sold everything last Friday and will wait for that reason to be long again.

Also, this market is not right to go short in either.

European stocks are mixed and Asian stocks ended lower.

The national average price of gasoline is up two-tenths of a cent to $3.490 per gallon.

Earnings Reports.

Nike (NKE) is expected to report earnings on 3/20/14 after the market close.

Notable earnings reports from Tuesday include:

American Eagle Outfitters, Inc (AEO) reported fourth quarter EPS of $0.27 on revenue of $1.04 billion, compared to last year’s EPS of $0.55 on revenue of $1.12 billion.

The Bon-Ton Stores, Inc. (BONT) reported fourth quarter EPS of $3.04 on revenue of $914.90 million, compared to last year’s EPS of $3.73 on revenue of $1.03 billion.

Caesars Entertainment Corporation (CZR) reported a fourth quarter loss of $1.49 on revenue of $2.08 billion, compared to last year’s loss of $3.75 on revenue of $2.02 billion.

Stocks reporting earnings today include:

Express, Inc (EXPR) is expected to report fourth quarter EPS of $0.59 on revenue of $722.02 million, compared to last year’s EPS of $0.75 on revenue of $728.71 million.

Krispy Kreme Doughnuts, Inc. (KKD) is expected to report fourth quarter EPS of $0.13 on revenue of $119.59 million, compared to last year’s EPS of $0.09 on revenue of $118.14 million.

Vail Resorts, Inc. (MTN) is expected to report second quarter EPS of $1.87 on revenue of $471.16 million, compared to last year’s EPS of $1.65 on revenue of $422.45 million.

Williams-Sonoma, Inc (WSM) is expected to report fourth quarter EPS of $1.36 on revenue of $1.43 billion, compared to last year’s EPS of $1.34 on revenue of $1.41 billion.

Today’s Featured Dow Stock

Boeing Co. (BA)

Caterpillar Inc. (CAT) is up +6.64% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +9.4% with purchase sub-index +9.4% and refi sub-index +9.6%.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $21 billion10-year T-notes.

1400 ET Treasury Secretary Lew testifies before the House Budget Committee on the fiscal 2015 budget.

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 2876