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 +65 points.
Friday, the Dow closed down -143.47 (-0.89%) at 16,026.75.
Year-to-date the Dow is down -3.32%. Nasdaq is down -4.2%, S&P 500 -1.8% and Russell 2000 -4.5%.
Last week the Dow was down -2.4%, Nasdaaq -3.1%, S&P 500 -2.6% and Russell 2000 -3.6%.
JPMorgan Chase (JPM) shares were down Friday and are slightly lower in premarket trading after the bank reported first quarter revenue that missed expectations. Its earnings were also down sharply compared to the same quarter last year.
Johnson & Johnson (JNJ) are down in European trading after Jeffries downgraded the stock to ‘Hold’ from ‘Buy,’ citing valuation.
European stocks are lower and Asian stocks ended mixed.
The national average price of gasoline is up three-tenths of a cent to $3.638 per gallon.
Earnings Reports.
JPMorgan (JPM) reported earnings on 4/11/2014 before the market open of $1.28/share below consensus of $1.41/share.
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.
Boeing (BA) will report earnings on 4/23/14 before the market open.
Procter & Gamble will report earnings on 4/23/14 before the market open.
Caterpiller (CAT) will report earnings on 4/24/14 before the market open.
3M (MMM) will report earnings on 4/24/14 before the market open.
Verizon VZ will report earnings on 4/24/14 before the market open.
Micrososft (MSFT) will report earnings on 4/24/14 after the market close.
Visa (V) will report earnings on 4/24/14 after the market close.
Notable earnings reports from Friday include:
Fastenal Company (FAST) reported first quarter EPS of $0.38 on revenue of $876.50 million, compared to last year’s EPS of $0.37 on revenue of $806.33 million.
JP Morgan Chase & Co (JPM) reported first quarter EPS of $1.28 on revenue of $22.99 billion, compared to last year’s EPS of $1.59 on revenue of $24.85 billion.
Wells Fargo & Company (WFC) reported first quarter EPS of $1.05 on revenue of $20.84 billion, compared to last year’s EPS of $0.92 on revenue of $21.26 billion.
Stocks reporting earnings today include:
Citigroup Inc. (C) is expected to report first quarter EPS of $1.18 on revenue of $19.61 billion, compared to last year’s EPS of $1.23 on revenue of $20.49 billion.
J.B. Hunt Transport Services, Inc. (JBHT) is expected to report first quarter EPS of $0.66 on revenue of $1.42 billion, compared to last year’s EPS of $0.61 on revenue of $1.29 billion.
Pinnacle Financial Partners, Inc. (PNFP) is expected to report first quarter EPS of $0.45 on revenue of $58.52 million, compared to last year’s EPS of $0.39 on revenue of $54.66 million.
Today’s Featured Dow Stock
United Technologies Corp. (UTX)
United Technologies Corp. (UTX) is down -0.11% year-to-date.
Financial Calendar
0830 ET Mar retail sales expected +0.9% and +0.5% ex autos, Feb +0.3% and +0.3% ex autos.
1000 ET Feb business inventories expected +0.5%, Jan +0.4%.
1100 ET USDA weekly grain export inspections.
1100 ET CBO releases updated 10-year baseline projections of federal spending, revenues and budget deficits.
1245 ET BOF Governor Christian Noyer moderates a panel discussion at the Europlace Financial Forum at the NYSE that includes Fed Governor Daniel Tarullo and BOK Deputy Governor Tae Soo Kang.
1600 ET USDA weekly crop progress.