DJIA Market Happenings For Monday, March 17, 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 up +70 points.

Friday, the Dow closed down -43.22 (-0.27%) at 16,065.67.

Year-to-date the Dow is down -3.08%. The S&P 500 is down -0.4%. Nasdaq is up +1.6% and the Russell 2000 is up +1.5%.

Last week the Dow was down -2.4%, Nasdaq -2.1%, S&P 500-2.0% and Russell 2000 -1.8%.

Happy Saint Patricks Day to all!

Sunday, more than 95 percent of Crimeans voted to leave Ukraine and join Russia.

Looks like foul play with the missing Malaysia Airlines jet.

Thursday, Nike (NKE) will report earnings.

European stocks are higher and Asian stocks ended mixed.

The national average price of gasoline over the weekend is up eight-tenths of a cent to $3.521 per gallon.

Earnings Reports.

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

Notable earnings reports from Friday include:

ANN INC (ANN) reported fourth quarter EPS of $0.10 on revenue of $623.30 million, compared to last year’s EPS of $0.05 on revenue of $607.68 million.

Brown Shoe Company (BWS) reported fourth quarter EPS of $0.14 on revenue of $600.00 million, compared to last year’s EPS of $0.14 on revenue of $640.18 million.

Buckle, Inc (BKE) reported fourth quarter EPS of $1.23 on revenue of $339.00 million, compared to last year’s EPS of $1.28 on revenue of $360.62 million.

Stocks reporting earnings today include:

LAN Chile S.A. (LFL) is expected to report fourth quarter EPS of $0.24 on revenue of $3.50 billion, compared to last year’s EPS of $0.02 on revenue of $3.48 billion.

JA Solar Holdings, Co. Ltd (JASO) is expected to report EPS of $0.03 on revenue of $291.75 million, compared to last year’s loss of $2.65 per share on revenue of $268.09 million.

Sterling Construction Company, Inc (STRL) is expected to report a fourth quarter loss of $1.47 per share on revenue of $153.07 million, compared to last year’s EPS of $0.18 on revenue of $158.09 million.

Today’s Featured Dow Stock

E I du Pont de Nemours and Co. (DD)

E I du Pont de Nemours and Co. (DD) is up +1.23% year-to-date.

Financial Calendar

0830 ET Mar Empire manufacturing index expected +2.52 to 7.00, Feb -8.03 to 4.48.

0915 ET Feb industrial production expected +0.2%, Jan -0.3%. Feb capacity utilization expected +0.1 to 78.6%, Jan -0.4 to 78.5%.

1000 ET Mar NAHB housing market index expected +4 to 50, Feb -10 to 46.

1100 ET USDA weekly grain export inspections.

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