Dow stocks at 52 week highs include 3M (MMM) and Exxon Mobil Corp. (XOM). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open down -65 points.
Friday, the Dow closed down -45.98 (-0.28%) at 16,512.89.
Year-to-date the Dow is down -0.38%. Nasdaq is down -1.3% and the Russell 2000 is at -3.0%. The S&P 500 is up +1.8% year-to-date.
Last week the Dow was up +0.9%, Nasdaq +1.2%, S&P 500 +1.0% and Russell 2000 +0.5%.
Pfizer (PFE) reported Q1 EPS of 57 cents, better than consensus of 55 cents.
United Technologies (UTX) was awarded a $105.2 million government contract to procure long-lead components, parts and materials in support of 34 low rate initial production Lot IX F-135 propulsion systems for the F-35 Lightning II Joint Strike Fighter aircraft.
Microsoft co-founder Bill Gates sold 4.6 million shares of Microsoft (MSFT) stock on April 30.
JPMorgan Chase (JPM) said it sees Q2 market revenue down 20% from prior year and that it has a $4.7 billion exposure to Russia as of March 31.
European stocks were mixed and Asian stocks closed mostly higher.
The national average price of gasoline is down four-tenths of a cent at $3.687 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.
Exxon Mobil (XOM) will report earnings on 5/1/14 before the market open.
Chevron (CVX) will report earnings on 5/2/14 before the market open.
Pfizer (PFE) will report earnings on 5/5/14 before the market open.
Walt Disney (DIS) will report earnings on 5/6/14 after the market close.
Notable earnings reports from Friday include:
Chevron (CVX) reported first quarter EPS of $2.36 on revenue of $51.00 billion, compared to last year’s EPS of $3.18 on revenue of $56.82 billion.
CVS (CVS) reported first quarter EPS of $1.02 on revenue of $32.69 billion, compared to last year’s EPS of $0.83 on revenue of $30.76 billion.
Estee Lauder (EL) reported first quarter EPS of $0.64, compared to last year’s EPS of $0.45 on revenue of $2.29 billion.
Marsh & McLennan Companies (MMC) reported first quarter EPS of $0.81 on revenue of $3.26 billion, compared to last year’s EPS of $0.73 on revenue of $3.13 billion.
Stocks reporting earnings today include:
Pfizer (PFE) is expected to report first quarter EPS of $0.56 on revenue of $12.13 billion, compared to last year’s EPS of $0.51 on revenue of $13.50 billion.
Occidental Petroleum (OXY) is expected to report first quarter EPS of $1.70 on revenue of $6.21 billion, compared to last year’s EPS of $1.69 on revenue of $5.87 billion.
Sysco (SYY) is expected to report third quarter EPS of $0.39 on revenue of $11.38 billion, compared to last year’s EPS of $0.40 on revenue of $10.93 billion.
Tyson Foods (TSN) is expected to report second quarter EPS of $0.63 on revenue of $8.85 billion, compared to last year’s EPS of $0.36 on revenue of $8.42 billion.
Today’s Featured Dow Stock
Exxon Mobil Corp. (XOM) is up +0.80% year-to-date.
Financial Calendar
1000 ET Apr ISM non-manufacturing PMI expected +0.9 to 54.0, Mar +1.5 to 53.1.
1100 ET USDA weekly grain export inspections.
1600 ET USDA weekly crop progress.