Dow stocks at 52 week highs include Caterpillar (CAT) and Merck (MRK). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open down -50 points.
Thursday, the Dow closed down -266.96 (-1.62%) at 16,170.22.
Year-to-date the Dow is down -2.45%.
JPMorgan Chase (JPM) fell nearly 2% in pre-market trading after it reported Q1 EPS of $1.28, below consensus of $1.38.
Personal note: I’m glad I’m still in cash.!
Markets are down this morning but TNA turned higher 11 minutes into the session.
European stocks are lower and Asian stocks ended lower.
The national average price of gasoline is up 1.1 cents to $3.623 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 Wednesday include:
Family Dollar Stores, Inc. (FDO) reported second quarter EPS of $0.80 on revenue of $2.72 billion, compared to last year’s EPS of $1.21 on revenue of $2.89 billion.
Rite Aid Corporation (RAD) reported fourth quarter EPS of $0.10 on revenue of $6.60 billion, compared to last year’s EPS of $0.13 on revenue of $6.46 billion.
Shaw Communications Inc. (SJR) reported second quarter EPS of $0.46 on revenue of $1.27 billion, compared to last year’s EPS of $0.38 on revenue of $1.25 billion.
Stocks reporting earnings today include:
Fastenal Company (FAST) is expected to report first quarter EPS of $0.38 on revenue of $870.87 million, compared to last year’s EPS of $0.37 on revenue of $806.33 million.
JP Morgan Chase & Co (JPM) is expected to report first quarter EPS of $1.43 on revenue of $24.67 billion, compared to last year’s EPS of $1.59 on revenue of $24.85 billion.
Wells Fargo & Company (WFC) is expected to report first quarter EPS of $0.96 on revenue of $20.65 billion, compared to last year’s EPS of $0.92 on revenue of $21.26 billion.
Today’s Featured Dow Stock
Travelers Companies Inc. (TRV)
Travelers Companies Inc. (TRV) is down -6.13% year-to-date.
Financial Calendar
0830 ET Mar PPI expected +0.1% m/m and +1.1% y/y, Feb -0.1% m/m and +0.9% y/y. Mar PPI ex food & energy expected +0.2% m/m and +1.1% y/y, Feb -0.2% m/m and +1.1% y/y.
0955 ET Preliminary U.S. Apr University of Michigan consumer confidence expected +1.5 to 81.5, Mar -1.6 to 80.0.