The Dow Market Happenings For Monday, March 24, 2014

Dow stocks at 52 week highs include JPMorgan (JPM), Microsoft (MSFT) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +33 points.

Friday, the Dow closed down -28.28 (-0.17%) at 16,302.77.

Year-to-date the Dow is down -1.65%.

They have spotted more objects that may be from the missing Malaysian flight. Still no plane though.

Europe is down on weakening in China.

There will be more than a dozen IPO’s this week. To me, that kind of smells like a top in the market. Guess we will see.

European stocks are lower and Asian stocks ended higher.

The national average price of gasoline is up four-tenths of a cent to $3.529 per gallon.

Earnings Reports.

There are no Dow stocks expected to report earnings near term.

Notable earnings reports from Friday include:

Darden Restaurants, Inc. (DRI) reported third quarter EPS of $0.82 on revenue of $2.23 billion, compared to last year’s EPS of $1.02 on revenue of $2.26 billion.

Tiffany & Co. (TIF) reported fourth quarter EPS of $1.47 on revenue of $1.30 billion, compared to last year’s EPS of $1.40 on revenue of $1.31 billion.

Stocks reporting earnings today include:

Exa Corporation (EXA) is expected to report fourth quarter EPS of $0.03 on revenue of $14.70 million, compared to last year’s loss of $0.01 per share on revenue of $13.13 million.

Renesola Ltd. (SOL) is expected to report a fourth quarter loss of $0.14 per share on revenue of $381.40 million, compared to last year’s loss of $0.53 per share on revenue of $306.45 million.

Sonic Corp. (SONC) is expected to report second quarter EPS of $0.06 on revenue of $111.03 million, compared to last year’s EPS of $0.05 on revenue of $111.14 million.

Today’s Featured Dow Stock

Intel Corp. (INTC)

Intel Corp. (INTC) is down -3.02% year-to-date.

Financial Calendar

0830 ET Feb Chicago Fed national activity index expected +0.49 to 0.10, Jan -0.39.

1100 ET USDA weekly grain export inspections.

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