DJIA Market Happenings For Tuesday, April 22, 2014

Dow stocks at 52 week highs include Johnson &Johnson (JNJ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +9 points.

Monday, the Dow closed up +40.71 (+0.25%) at 16,449.25.

Year-to-date the Dow is down -0.77%.

Travelers (TRV) reported Q1 EPS of $2.95, well ahead of consensus of $2.16.

McDonald’s (MCD) reported net income fell to $1.2 billion, or $1.21 per share. Analysts expected $1.24 per share. A year ago, the company earned $1.27 billion, or $1.26 per share. McDonald’s Corp. noted that the year-ago results were boosted by income tax benefits.

United Technologies Corp reported first-quarter net income fell 4 percent to $1.21 billion, or $1.32 per share. Restructuring costs amounted to 9 cents a share while a year earlier the company received some one-time benefits. Earnings of $1.32 per share topped the average analyst estimate by 5 cents.

European stocks were higher and Asian stocks ended mixed.

The national average price of gasoline is down two-tenths of a cent to $3.667 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) reported earnings on 4/15/2014 before the market open of $0.44/share, meeting consensus.

Johnson & Johnson (JNJ) reported earnings on 4/15/2014 before the market open of $1.54/share, beating consensus of $1.48/share.

Intel (INTC) reported earnings on 4/15/2014 after the market close $0.38/share beating consensus of $0.37/share.

American Express (AXP) reported earnings on 4/16/2014 after the market close of $1.33/share beating consensus of $1.30/share.

International Business Machines (IBM) reported earnings on 4/16/2014 after the market close of $2.54/share, meeting consensus.

Dupont (DD) reported earnings on 4/17/2014 before the market open of $1.58/share, meeting consensus.

General Electric (GE) reported earnings on 4/17/2014 before the market open of $0.36/share, beating consensus of $0.32/share.

Goldman Sachs reported earnings on 4/17/2014 before the market open of $4.02/share, beating consensus of $3.44/share.

UnitedHealth (UNH) reported earnings on 4/17/2014 before the market open of $1.10/share, narrowly beating consensus of $1.093/share.

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 (PG) will report earnings on 4/23/14 before the market open.

Caterpillar (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.

Merck (MRK) will report earnings on 4/29/14 before the market open.

Notable earnings reports from Monday include:

United Health Group Incorporated (UNH) reported first quarter EPS of $1.10 on revenue of $31.70 billion, compared to last year’s EPS of $1.16 on revenue of $30.34 billion.

Hasbro, Inc. (HAS) reported first quarter EPS of $0.14 on revenue of $679.50 million, compared to last year’s EPS of $0.05 on revenue of $663.69 million.

Kimberly-Clark Corporation (KMB) reported first quarter EPS of $1.48 on revenue of $5.28 billion, compared to last year’s EPS of $1.48 on revenue of $5.32 billion.

Netflix, Inc. (NFLX) reported first quarter EPS of $0.86 on revenue of $1.27 billion, compared to last year’s EPS of $0.05 on revenue of $1.02 billion.

Stocks reporting earnings today include:

AT&T Inc. (T) is expected to report first quarter EPS of $0.68 on revenue of $32.27 billion, compared to last year’s EPS of $0.64 on revenue of $31.36 billion.

Caterpillar, Inc. (CAT) is expected to report first quarter EPS of $1.25 on revenue of $13.24 billion, compared to last year’s EPS of $1.31 on revenue of $13.21 billion.

McDonald’s Corporation (MCD) is expected to report first quarter EPS of $1.24 on revenue of $6.74 billion, compared to last year’s EPS of $1.26 on revenue of $6.61 billion.

The Travelers Companies, Inc. (TRV) is expected to report first quarter EPS of $2.17 on revenue of $5.92 billion, compared to last year’s EPS of $2.31 on revenue of $5.60 billion.

Today’s Featured Dow Stock

Walt Disney Co. (DIS)

Walt Disney Co. (DIS) is up +3.55% year-to-date.

Financial Calendar

0900 ET Feb FHFA house price index expected +0.5% m/m, Jan +0.5% m/m.

1000 ET Apr Richmond Fed manufacturing index expected +9 to 2, Mar -1 to -7.

1000 ET Mar existing home sales expected -1.1% to 4.55 million, Feb -0.4% to 4.60 million.

1145 ET Former Fed Chairman Ben Bernanke speaks at the Economic Club of Canada on 8 Years of Crisis Management at the Federal Reserve and the Way Forward.

1300 ET Treasury auctions $32 billion 2-year T-notes.

1500 ET USDA Mar Cold Storage.

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