The Dow Market Happenings For Friday, July 18, 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 up +19 points.

Thursday, the Dow closed down -161.39 (-0.94%) at 16,976.81.

Year-to-date the Dow is up +2.41%.

Dow stock winners Thursday included United Health (UNH) +1.61% and Microsoft (MSFT) +1.02%.

Dow stock losers Thursday included Visa (V) -2.15% and Caterpillar (CAT) -2.09%.

Thursday there were 3 Dow stock winners.

General Electric (GE) reported Q2 EPS of 39 cents, right on consensus.

International Business Machines (IBM) reported Q2 adjusted EPS of $4.32, better than consensus of $4.29, and said that it sees fiscal year 2014 EPS at least $18.00, above consensus of $17.87.

European stocks are lower and Asian markets ended mixed.

The national average price of gasoline is down two-tenths of a cent at $3.588 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.

Dupont (DD) will report earnings on 7/22/14 before the market open.

Coca Cola (KO) will report earnings on 7/22/14 before the market open.

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.

Notable earnings reports from Wednesday include:

Abbott Laboratories (ABT) reported second quarter EPS of $0.54 on revenue of $5.55 billion, compared to last year’s EPS of $0.46 on revenue of $5.45 billion.

Bank of America (BAC) reported second quarter EPS of $0.41 on revenue of $21.96 billion, compared to last year’s EPS of $0.32 on revenue of $22.73 billion.

eBay (EBAY) reported second quarter EPS of $0.69 on revenue of $4.40 billion, compared to last year’s EPS of $0.63 on revenue of $3.88 billion.

PNC Financial Services (PNC) reported second quarter EPS of $1.85 on revenue of $3.81 billion, compared to last year’s EPS of $1.99 on revenue of $4.06 billion.

U.S. Bankcorp (USB) reported second quarter EPS of $0.78, compared to last year’s EPS of $0.76 on revenue of $4.95 billion.

Stocks reporting earnings today include:

UnitedHealth Group (UNH) is expected to report second quarter EPS of $1.26 on revenue of $31.98 billion, compared to last year’s EPS of $1.40 on revenue of $30.41 billion.

Morgan Stanley (MS) is expected to report second quarter EPS of $0.58 on revenue of $8.39 billion, compared to last year’s EPS of $0.45 on revenue of $8.33 billion.

Novartis AG (NVS) is expected to report second quarter EPS of $1.42 on revenue of $14.81 billion, compared to last year’s EPS of $1.28 on revenue of $14.49 billion.

Philip Morris (PM) is expected to report second quarter EPS of $1.24 on revenue of $7.52 billion, compared to last year’s EPS of $1.30 on revenue of $7.92 billion.

Schlumberger N.V. (SLB) is expected to report second quarter EPS of $1.36 on revenue of $11.92 billion, compared to last year’s EPS of $1.15 on revenue of $11.18 billion.

Today’s Featured Dow Stock

United Technologies Corp. (UTX)

United Technologies Corp. (UTX) is down -0.91% year-to-date.

Financial Calendar

0955 ET Preliminary-July U.S. consumer confidence index (University of Michigan) expected +0.5 to 83.0, Jun +0.6 to 82.5.

1000 ET Jun leading indicators expected +0.5%, May +0.5%.

Both comments and pings are currently closed.

Comments are closed.