The Dow Happenings For Tuesday, July 8, 2014

Dow stocks at 52 week highs include Johnson & Johnson (JNJ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -33 points.

Monday, the Dow closed down -44.05 (-0.26%) at 17,024.21.

Year-to-date the Dow is up +2.70%.

Dow stock winners Monday included Johnson & Johnson (JNJ) +1.00% and AT&T (T) +0.50%.

Dow stock losers Monday included United Health (UNH) -1.36% and Merck (MRK) -1.15%.

Monday there were 19 Dow stock winners.

3M Company (MMM -0.34%) was upgraded to ‘Buy’ from ‘Hold’ at Argus.

European stocks are lower and Asian markets ended mixed.

The national average price of gasoline is down six-tenths of a cent at $3.649 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) will report earnings on 7/15/14 before the market open.

Intel (INTC) will report earnings on 7/15/14 after the market close.

Johnson & Johnson (JNJ) will report earnings on 7/15/14 before the market open.

JPMorgan (JPM) will report earnings on 7/15/14 before the market open.

United Technologies (UTX) will report earnings on 7/17/14 before the market open.

IBM (IBM) will report earnings on 7/17/14 after the market close.

General Electric (GE) will report earnings on 7/18/14 before the market open.

Notable earnings reports from Monday include:

There were no notable earnings reports Monday.

Stocks reporting earnings today include:

Alcoa (A) is expected to report second quarter EPS of $0.12 on revenue of $5.66 billion, compared to last year’s EPS of $0.07 on revenue of $5.85 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.

Today’s Featured Dow Stock

Merck & Co Inc. (MRK)

Merck & Co Inc. (MRK) is up +16.92% year-to-date.

Financial Calendar

1300 ET Treasury auctions $27 billion 3-year T-notes.

1300 ET Richmond Fed President Jeffrey Lacker speaks on the economic outlook to the Rotary Club of Charlotte.

1345 ET Minneapolis Fed President Narayana Kocherlakota speaks on monetary policy and the economy to the Minnesota Business Partnership.

1500 ET May consumer credit expected +$20.0 billion, Apr +$26.847 billion.

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