Dow stocks at 52 week highs include American Express (AXP), Caterpillar (CAT), Dupont (DD), Disney (DIS), Intel (INTC), 3M (MMM) and Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -19 points.

Friday, the Dow closed up +88.17 (+0.52%) at 16,924.28.

Year-to-date the Dow is up +2.10%.

Merck (MRK) acquires Idenix (IDIX) for $24.50 per share in cash or $3.85 billion.

The VIX is at a two year low.

European stocks were mostly higher and Asian markets ended higher.

The national average price of gasoline is down one-tenth of a cent at $3.653 per gallon.

Earnings Reports.

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

Notable earnings reports from Friday include:

Jos. A. Bank Clothiers (JOSB) reported first quarter EPS of $0.32, compared to last year’s EPS of $0.40 on revenue of $196.06 million.

Stocks reporting earnings today include:

Hertz Global Holdings (HTZ) is expected to report first quarter EPS of $0.09 on revenue of $2.56 billion, compared to last year’s EPS of $0.21 on revenue of $2.44 billion.

Ferrellgas Partners (FGP) is expected to report third quarter EPS of $0.62 on revenue of $740.22 million, compared to last year’s EPS of $0.56 on revenue of $603.02 million.

Today’s Featured Dow Stock

Visa Inc. (V)

Visa Inc. (V) is down -4.35% year-to-date.

Financial Calendar

0910 ET St. Louis Fed President James Bullard speaks on the U.S. economic outlook to the Tennessee Bankers Association annual meeting.

1100 ET USDA weekly grain export inspections.

1330 ET Boston Fed President Eric Rosengren delivers keynote speech at the Banco de Guatemalas XXIII Cycle of Economic Lectures in Guatemala City.

1600 ET USDA weekly crop progress.