Dow stocks at 52 week highs include Disney (DIS). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open up +8 points.
Tuesday, the Dow closed up +63.23 (+0.42%) at 16,675.50.
Year-to-date the Dow is up +0.60%.
The S&P 500 had another new closing high yesterday and maybe today too.
The Dow is about 40 points away from a new record closing high.
Wal-Mart (WMT) is under pressure from local politicians in China to settle a labor dispute at a store the company plans to close. Employees are wanting double the severance that has been offered up. The company has already closed 20 stores in China as part of a broad plan to shut down as many as 30 stores.
Not much Dow stock news today. Earnings is over and summer is coming soon.
European stocks were mildly higher and Asian markets closed mostly higher.
The national average price of gasoline is down four-tenths of a cent at $3.650 per gallon.
Earnings Reports.
There are no Dow stocks set to report earnings until Nike reports in late June.
Notable earnings reports from Tuesday include:
AutoZone (AZO) reported third quarter EPS of $8.46 on revenue of $2.30 billion, compared to last year’s EPS of $7.27 on revenue of $2.21 billion.
Bank of Nova Scotia (BNS) reported second quarter EPS of $1.39 on revenue of $5.72 billion, compared to last year’s EPS of $1.24 on revenue of $5.30 billion.
Stocks reporting earnings today include:
Bank of Montreal (BMO) is expected to report second quarter EPS of $1.53 on revenue of $4.03 billion, compared to last year’s EPS of $1.46 on revenue of $3.94 billion.
Michael Kors (KORS) is expected to report fourth quarter EPS of $0.68 on revenue of $816.67 million, compared to last year’s EPS of $0.50 on revenue of $597.15 million.
Toll Brothers (TOL) is expected to report second quarter EPS of $0.27 on revenue of $829.70 million, compared to last year’s EPS of $0.14 on revenue of $516.00 million.
Today’s Featured Dow Stock
Travelers Companies Inc. (TRV)
Travelers Companies Inc. (TRV) is up +3.26% year-to-date.
Financial Calendar
0700 ET Weekly MBA mortgage applications, previous +0.9% with purchase sub-index -2.8% and refi sub-index +3.8%.
1300 ET Treasury auctions $35 billion 5-year T-notes.