The Dow Market Happenings For Tuesday, March 18, 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 +42 points.

Monday, the Dow closed up +181.55 (+1.13%) at 16,247.22

Year-to-date the Dow is down -1.99%.

Cisco (CSCO) was downgraded to ‘Equal Weight’ from ‘Overweight’ at Barclays.

Walmart (WMT) said, starting Wednesday, March 26, that customers will be able to trade in their video games and apply the value immediately towards the purchase of anything sold at Walmart and Sam’s Club.

Russian President Vladimir Putin seems to have brushed off the US and Europe’s first round of economic sanctions as he signed a decree recognizing the small peninsula as an independent state on Monday.

The Fed kicks off it’s two day meeting today and is expected to continue winding down the stimulus program.

Thursday, Nike (NKE) will report earnings.

European stocks are mostly higher and Asian stocks ended higher.

The national average price of gasoline over the weekend is up three-tenths of a cent to $3.524 per gallon.

Earnings Reports.

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

Notable earnings reports from Monday include:

LAN Chile S.A. (LFL reported fourth quarter EPS of $0.23 on revenue of $3.48 billion, compared to last year’s EPS of $0.02 on revenue of $3.48 billion.

JA Solar Holdings, Co. Ltd (JASO) reported EPS of $0.16 on revenue of $357.30 million, compared to last year’s loss of $2.65 per share on revenue of $268.09 million.

Sterling Construction Company, Inc (STRL) reported a fourth quarter loss of $1.83 per share on revenue of $125.90 million, compared to last year’s EPS of $0.18 on revenue of $158.09 million.

Stocks reporting earnings today include:

Adobe Systems Incorporated (ADBE) is expected to report fourth quarter EPS of $0.25 on revenue of $973.09 million, compared to last year’s EPS of $0.35 on revenue of $1.01 billion.

DSW Inc. (DSW) is expected to report fourth quarter EPS of $0.29 on revenue of $590.23 million, compared to last year’s EPS of $0.35 on revenue of $594.25 million.

Oracle Corporation (ORCL) is expected to report third quarter EPS of $0.70 on revenue of $9.36 billion, compared to last year’s EPS of $0.65 on revenue of $8.97 billion.

Today’s Featured Dow Stock

Exxon Mobil Corp. (XOM)

Exxon Mobil Corp. (XOM) is down -6.80% year-to-date.

Financial Calendar

0830 ET Feb CPI expected +0.1% m/m and +1.2% y/y, Jan +0.1% m/m and +1.6% y/y. Feb CPI ex food & energy expected +0.1% m/m and +1.6% y/y, Jan +0.1% m/m and +1.6% y/y.

0830 ET Feb housing starts expected +3.5% to 911,000, Jan -16.0% to 880,000. Feb building permits expected +1.6% to 960,000, Jan -4.6% to 945,000.

0930 ET FOMC begins 2-day meeting.

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