The Dow Market Happenings For Friday, August 1, 2014

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -40 points.

Thursday, the Dow closed down -317.06 (-1.88%) at 16,563.30.

Year-to-date the Dow is down -0.08%.

There were no Dow stock winners Thursday.

Dow stock losers Thursday included Exxon Mobil (XOM) -4.17% and American Express (AXP) -3.20%.

Exxon Mobil (XOM) reported net income increased to $8.78 billion, or $2.05 per share, from $6.86 billion, or $1.55 per share, in the same quarter a year earlier. The average estimate was for a profit of $1.91 per share.

The government reported U.S. employers added 209,000 jobs in July. That was well below the 288,000 jobs that were created in June but not far from the 230,000 jobs economists expected. The unemployment rate ticked up to 6.2% from 6.1%. A year ago this metric stood at 7.3%. July’s employment growth marks the sixth straight monthly gain of at least 200,000.

Procter & Gamble (PG) reported Q4 EPS of 95 cents, better than consensus of 91 cents.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is unchanged at $3.517 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/26/14 after the market close of $0.78/share, beating consensus for $0.76/share.

Goldman Sachs (GS) reported earnings on 7/15/14 before the market open of $4.10/share, beating consensus of $3.07/share.

Intel (INTC) reported earnings on 7/15/14 after the market close of $0.55/share, beating consensus of $0.52/share.

Johnson & Johnson (JNJ) reported earnings on 7/15/14 before the market open of $1.66/share, beating consensus of $1.54/share.

JPMorgan (JPM) reported earnings on 7/15/14 before the market open of $1.48/share, beating consensus og $1.30/share.

United Technologies (UTX) reported earnings on 7/17/14 before the market open of $1.84/share, beating consensus of $1.79/share.

IBM (IBM) reported earnings on 7/17/14 after the market close of $4.32/share, beating consensus of $4.31/share.

General Electric (GE) reported earnings on 7/18/14 before the market open of $0.39/share, meeting expectations.

Dupont (DD) reported earnings on 7/22/14 before the market open of $1.17/share, meeting expectations.

Coca Cola (KO) reported earnings on 7/22/14 before the market open of $0.64/share, beating consensus of $0.63/share.

McDonald’s (MCD) will report earnings on 7/22/14 before the market open.

Microsoft (MSFT) will report earnings on 7/22/14 after the market close.

Travelers (TRV) will report earnings on 7/22/14 before the market open.

United Technologies (UTX) will report earnings on 7/22/14 before the market open.

Verizon (VZ) will report earnings on 7/22/14 before the market open.


Boeing (BA) will report earnings on 7/23/14
before the market open.


AT&T (T) will report earnings on 7/23/14
after the market close.

Caterpillar (CAT) will report earnings on 7/24/14 before the market open.

3M (MMM) will report earnings on 7/24/14 before the market open.

Visa (V) will report earnings on 7/24/14 after the market close.

Merck (MRK) will report earnings om 7/29/14 before the market open.


Pfizer (PFE) will report earnings on 7/29/14
before the market open

American Express (AXP) will report earnings on 7/29/14 after the market close.

Exxon Mobil (XOM) will report earnings on 7/31/14 before the market open.

Chevron (CVX) will report earnings on 8/1/14 before the market open.

Procter & Gamble (PG) will report earnings on 8/1/14 before the market open.

Disney (DIS) will report earnings on 8/5/14 after the market close.

Notable earnings reports from Thursday include:

Exxon Mobil (XOM) reported EPS of $2.05, compared to last year’s EPS of $1.55 on revenue of $106.47 billion.

Anheuser-Busch Inbev (BUD) reported EPS of $1.60 on revenue of $12.20 billion, compared to last year’s EPS of $0.93 on revenue of $10.59 billion.

ConocoPhillips (COP) reported EPS of $1.61, compared to last year’s EPS of $1.41 on revenue of $14.14 billion.

McKesson (MCK) reported EPS of $2.49 on revenue of $44.06 billion, compared to last year’s EPS of $2.07 on revenue of $32.21 billion.

Stocks reporting earnings today include:

Chevron (CVX) is expected to report EPS of $2.68 on revenue of $56.93 billion, compared to last year’s EPS of $2.77 on revenue of $57.37 billion.

Procter & Gamble (PG) is expected to report EPS of $0.91 on revenue of $20.47 billion, compared to last year’s EPS of $0.79 on revenue of $20.66 billion.

Enbridge (ENB) is expected to report EPS of $0.39 on revenue of $8.04 billion, compared to last year’s EPS of $0.38 on revenue of $7.85 billion.

PBF Energy (PBF) is expected to report EPS of $0.68 on revenue of $4.67 billion, compared to last year’s EPS of $0.73 on revenue of $4.68 billion.

Today’s Featured Dow Stock

AT&T Inc. (T)

AT&T Inc. (T) is up +1.22% year-to-date.

Financial Calendar

0830 ET Jul non-farm payrolls expected +231,000, Jun +288,000. Jul private payrolls expected +230,000, Jun +262,000. Jul manufacturing payrolls expected +14,000, Jun +16,000. Jul unemployment rate expected unchanged at 6.1%, Jun -0.2 to 6.1%.

0830 ET Jul avg hourly earnings expected +0.2% m/m and +2.2% y/y, Jun +0.2% m/m and +2.0% y/y. Jul avg weekly hours expected 34.5 hours, Jun 34.5.

0830 ET Jun personal spending expected +0.4%, May +0.2%. Jun personal income expected +0.4%, May +0.4%.

0830 ET Jun PCE deflator expected +0.2% m/m and +1.7% y/y, May +0.2% m/m and +1.8% y/y. Jun PCE core deflator expected +0.1% m/m and +1.4% y/y, May +0.2% m/m and +1.5% y/y.

0945 ET Revised Jul Markit manufacturing PMI expected +0.2 to 56.5.

0955 ET Final-July U.S. consumer confidence index (University of Michigan) expected +0.4 to 81.7, early-July -1.2 to 81.3.

1000 ET Jul ISM manufacturing index expected +0.7 to 56.0, Jun -0.1 to 55.3. Jul ISM new orders, Jun +2.0 to 58.9. Jul ISM employment, Jun unch at 52.8. Jul ISM prices paid expected +0.5 to 58.5, Jun -2.0 to 58.0.

1000 ET Jun construction spending expected +0.5%, May +0.1% m/m.

n/a Jul total vehicle sales expected 16.70 million, Jun 16.92 million. Jul domestic vehicle sales expected 13.20 million, Jun 13.25 million.

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