The Dow Market Happenings For Friday, May 09, 2014

Dow stocks at 52 week highs include 3M (MMM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -23 points.

Thursday, the Dow closed up +32.43 (+0.20%) at 16,550.97.

Year-to-date the Dow is down -0.15%.

No Dow stock news today.

Apple (AAPL) had some news on a possible purchase of Beats Electronics.

Twitter caught an upgrade. Yeah, who cares.

European stocks were lower and Asian markets closed mixed

The national average price of gasoline is down two-tenths of a cent at $3.663 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) reported earnings on 4/22/14 before the market open of $1.21/share, below estimates of $1.24/share.

Travelers (TRV) reported earnings on 4/22/14 before the market open of $2.95/share, well ahead of $2.16/share consensus.

United Technologies (UTX) reported earnings on 4/22/14 before the market open of $1.32/share beating estimates by $0.05/share.

AT&T (T) reportrf earnings on 4/22/14 after the market close of $0.71/share, beating estimates of $0.70/share.

Boeing (BA) reported earnings on 4/23/14 before the market open of $1.76/share ahead of $1.54/share consensus.

Procter & Gamble (PG) reported earnings on 4/23/14 before the market open of $1.04/share, beating consensus of $1.02/share.

Caterpillar (CAT) reported earnings on 4/24/14 before the market open of $1.61/share, beating consensus of $1.25/share.

3M (MMM) reported earnings on 4/24/14 before the market open of $1.79/share, meeting consensus.

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) reported earnings on 4/24/14 after the market close of $0.84/share, below consensus of $0.87/share.

Merck (MRK) reported earnings on 4/29/14 before the market open of $0.88/share, beating consensus of $0.79/share.

Exxon Mobil (XOM) reported earnings on 5/1/14 before the market open.

Chevron (CVX) will report earnings on 5/2/14 before the market open of $2.10/share, beating consensus of $1.88/share.

Pfizer (PFE) will report earnings on 5/5/14 before the market open.

Walt Disney (DIS) reported earnings on 5/6/14 after the market close of $1.11/share, beating consensus of $0.96/share.

Notable earnings reports from Thursday include:

Walt Disney Company (DIS) reported second quarter EPS of $1.11 on revenue of $11.65 billion, compared to last year’s EPS of $0.79 on revenue of $10.55 billion.

DirecTV (DTV) reported first quarter EPS of $1.63 on revenue of $7.86 billion, compared to last year’s EPS of $1.20 on revenue of $7.58 billion.

Emerson Electric Company (EMR) reported second quarter EPS of $0.80 on revenue of $5.81 billion, compared to last year’s EPS of $0.77 on revenue of $5.96 billion.

Whole Foods Market, Inc (WFM) reported second quarter EPS of $0.38 on revenue of $3.30 billion, compared to last year’s EPS of $0.38 on revenue of $3.03 billion.

Stocks reporting earnings today include:

21st Century Fox (FOXA) is expected to report third quarter EPS of $0.35 on revenue of $7.99 billion, compared to last year’s EPS of $0.36 on revenue of $9.54 billion.

Anheuser-Busch Inbev SA (BUD) is expected to report first quarter EPS of $1.03 on revenue of $10.50 billion, compared to last year’s EPS of $1.16 on revenue of $9.17 billion.

Duke Energy Corporation (DUK) is expected to report first quarter EPS of $1.12 on revenue of $6.44 billion, compared to last year’s EPS of $1.02 on revenue of 5.90 billion.

Prudential Financial, Inc. (PRU) is expected to report first quarter EPS of $2.26 on revenue of $11.72 billion, compared to last year’s EPS of $2.28 on revenue of $11.83 billion.

Today’s Featured Dow Stock

Home Depot Inc. (HD)

Home Depot Inc. (HD) is down -6.42% year-to-date.

Financial Calendar

1000 ET Mar wholesale inventories expected +0.5%, Feb +0.5%. Mar wholesale trade sales expected +1.1%, Feb +0.7%.

1200 ET May WASDE crop production report.

1200 ET Dallas Fed President Richard Fisher speaks about the limitations of U.S. monetary policy to the Louisiana Bankers Association.

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