The Dow Market Happenings For Tuesday, June 03, 2014

Dow stocks at 52 week highs include Dupont (DD), Disney (DIS), Intel (INTC) and Johnson & Johnson (JNJ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +23 points.

Monday, the Dow closed up +26.46 (+0.16%) at 16,743.63.

Year-to-date the Dow is up +1.01%.

Nothing in Dow stock news again.

The China May non-manufacturing PMI rose +0.7 to 55.5, the fastest pace of expansion in 6 months.

European stocks were lowerer and Asian markets ended mixed.

The national average price of gasoline is down four-tenths of a cent at $3.665 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings until Nike reports in late June.

Notable earnings reports from Monday include:

Krispy Kreme Doughnuts (KKD) reported first quarter EPS of $0.23 on revenue of $121.60 million, compared to last year’s EPS of $0.20 on revenue of $120.62 million.

Quiksilver (ZQK) reported a second quarter loss of $0.15 on revenue of $408.00 million, compared to last year’s loss of $0.12 on revenue of $458.75 million.

Stocks reporting earnings today include:

ABM Industries (ABM) is expected report second quarter EPS of $0.40 on revenue of $1.23 billion, compared to last year’s EPS of $0.36 on revenue of $1.17 billion.

Dollar General (DG) is expected to report first quarter EPS of $0.73 on revenue of $4.56 billion, compared to last year’s EPS of $0.71 on revenue of $4.23 billion.

Mattress Firm Holding (MFRM) is expected report first quarter EPS of $0.36 on revenue of $337.55 million, compared to last year’s EPS of $0.38 on revenue of $275.96 million.

Today’s Featured Dow Stock

Visa Inc. (V)

Visa Inc. (V) is down -4.11% year-to-date.

Financial Calendar

1000 ET Apr factory orders expected +0.5%, Mar +0.9%.

1350 ET Kansas City Fed President Esther George speaks about the U.S. economy and monetary policy to business and community leaders at an event in Breckenridge, CO.

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