The Dow Market Happenings For Tuesday, June 17, 2014

Dow stocks at 52 week highs include Chevron (CVX), Intel (INTC) and Travelers (TRV). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -29 points.

Monday, the Dow closed up +5.27 (+0.03%) at 16,781.01.

Year-to-date the Dow is up +1.23%.

Dow stock winners Monday included Home Depot (HD) +1.06% and Chevron (CVX) +1.01%.

Dow stock losers Monday included UnitedHealth (UNH) -1.49% and General Electric (GE) -0.81%.

Monday there were 16 Dow stock winners and 14 Dow stock losers.

The Fed will discuss monetary policy on Tuesday and Wednesday.

The WSJ reports that AT&T (T) will be the exclusive carrier for Amazon’s (AMZN) new smartphone.

European stocks were higher and Asian markets ended mixed.

The national average price of gasoline is up two-tenths of a cent at $3.664 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 6/26/14 after the market close.

Notable earnings reports from Monday include:

Amira Nature Foods (ANFI) reported fourth quarter EPS of $0.47 on revenue of $186.60 million, compared to last year’s EPS of $0.24 on revenue of $140.25 million.

Korn/Ferry International (KFY) reported fourth quarter EPS of $0.32 on revenue of $251.70 million, compared to last year’s EPS of $0.32 on revenue of $238.68 million.

Layne Christensen Company (LAYN) reported a first quarter loss of $1.41 on revenue of $191.20 million, compared to last year’s loss of $0.81 on revenue of $226.45 million.

Stocks reporting earnings today include:

Adobe Systems (ADBE) is expected to report second quarter EPS of $0.30 on revenue of $1.03 billion, compared to last year’s loss of $0.36 on revenue of $1.01 billion.

Bob Evans Farms (BOBE) is expected to report fourth quarter EPS of $0.42 on revenue of $333.31 million, compared to last year’s EPS of $0.71 on revenue of $333.91 million.

La-Z-Boy (LZB) is expected to report fourth quarter EPS of $0.32 on revenue of $368.12 million, compared to last year’s EPS of $0.30 on revenue of $359.54 million.

Yingli Green Energy (YGE) is expected to report a first quarter loss of $0.24 on revenue of $464.04 million, compared to last year’s loss of $0.63 on revenue of $431.39 million.

Today’s Featured Dow Stock

Boeing Co. (BA)

Boeing Co. (BA) is down -2.89% year-to-date.

Financial Calendar

0830 ET May CPI expected +0.2% m/m and +2.0% y/y, Apr +0.3% m/m and +2.0% y/y. May CPI ex food & energy expected +0.2% m/m and +1.9% y/y, Apr +0.2% m/m and +1.8% y/y.

0830 ET May housing starts expected -3.9% to 1.030 million, Apr +13.2% to 1.072 million. May building permits expected -0.9% to 1.050 million, Apr +5.9% to 1.059 million.

1030 ET FOMC begins 2-day meeting.

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