DJIA Market Happenings For Wednesday, April 09, 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 +57 points.

Tuesday, the Dow closed up +10.27 (+0.06%) at 16,256.14.

Year-to-date the Dow is down -1.93%.

JP Morgan Chase reported a 10.7% passive stake in Malibu Boats (MBUU) .

Alcoa (AA) rose over 3% in premarket trading after it reported Q1 adjusted EPS of 9 cents, well ahead of 5 cents consensus although Q1 revenue of $5.50 billion was below consensus of $5.55 billion.

European stocks are higher and Asian stocks ended mostly higher.

The national average price of gasoline is up 1.5 cents to $3.601 per gallon.

Earnings Reports.

JPMorgan (JPM) will report earnings on 4/11/2014 before the market open.

Coca Cola (KO) will report earnings on 4/15/2014 before the market open.

Johnson & Johnson (JNJ) will report earnings on 4/15/2014 before the market open.

Intel (INTC) will report earnings on 4/15/2014 after the market close.

American Express (AXP) will report earnings on 4/16/2014 after the market close.

IBM will report earnings on 4/16/2014 after the market close.

Dupont (DD) will report earnings on 4/17/2014 before the market open.

General Electric (GE) will report earnings on 4/17/2014 before the market open.

Goldman Sachs will report earnings on 4/17/2014 before the market open.

UnitedHealth (UNH) will report earnings on 4/17/2014 before the market open.

McDonalds (MCD) will report earnings on 4/22/14 before the market open.

Travelers (TRV) will report earnings on 4/22/14 before the market open.

United Technologies (UTX) will report earnings on 4/22/14 before the market open.

AT&T (T) will report earnings on 4/22/14 after the market close.

Notable earnings reports from Tuesday include:

Alcoa Inc. (AA) reported first quarter EPS of $0.09 on revenue of $5.45 billion, compared to last year’s EPS of $0.11 on revenue of $5.83 billion.

WD-40 Company (WDFC) is expected to report second quarter EPS of $0.67 on revenue of $94.20 million, compared to last year’s loss of $0.66 on revenue of $86.71 million.

Stocks reporting earnings today include:

Bed Bath & Beyond Inc. (BBBY) is expected to report fourth quarter EPS of $1.61 on revenue of $3.22 billion, compared to last year’s EPS of $1.68 on revenue of $3.40 billion.

Constellation Brands Inc. (STZ) is expected to report fourth quarter EPS of $0.76 on revenue of $1.28 billion, compared to last year’s EPS of $0.47 on revenue of $696.00 million.

Progressive Corporation ( PGR) is expected to report first quarter EPS of $0.40 on revenue of $4.62 billion, compared to last year’s EPS of $0.42 on revenue of $4.45 billion.

Today’s Featured Dow Stock

Procter & Gamble Co. (PG)

Procter & Gamble Co. (PG) is down -0.07% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -1.2% with purchase sub-index +0.9% and refi sub-index -2.9%.

1000 ET Feb wholesale inventories expected +0.5% m/m, Jan +0.6% m/m. Feb wholesale trade sales expected +1.0% m/m, Jan -1.9% m/m.

1030 ET EIA Weekly Petroleum Status Report.

1200 ET Apr WASDE crop production report.

1300 ET Treasury auctions $21 billion 10-year T-notes.

1400 ET Minutes of the Mar 18-19 FOMC meeting.

1530 ET Chicago Fed President Charles Evans and Fed Governor Daniel Tarullo speak at a conference in Washington D.C. titled Stabilizing Financial Systems for Growth and Full Employment.

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