Market Happenings For Tuesday, July 22, 2014

Dow stocks at 52 week highs includes Coca Cola (KO). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +53 points.

Monday, the Dow closed down -48.45 (-0.28%) at 17,051.73.

Year-to-date the Dow is up +2.87%.

Dow stock winners Monday included Intel (INTC)) +1.07% and Chevron (CVX) +0.69%.

Dow stock losers Monday included General Electric (GE) -1.81% and McDonald’s (MCD) -1.45%.

Monday there were 8 Dow stock winners.

Johnson & Johnson (JNJ) rallied 1% in after-hours trading yesterday after announcing a $5 billion share repurchase program.

Dupont (DD) reported earnings of $1.17/share, missing estimates for $1.18/share.

Coca Cola (KO) reported earnings of $0.64/share, beating consensus of $0.63/share.

McDonald’s (MCD) reported earnings of $1.40/share, missing estimates for $1.43/share.

Travelerers (TRV) reported earnings of $1.93/share, missing consensus of $2.06/share.

United Technologies (UTX) reported earnings of $1.84/share, beating estimates for $1.79/share.

Verizon (VZ) reported earnings of $0.91/share, beating consensus of $0.90/share.

Microsoft (MSFT) reports earnings today after the close with estimates for $0.60/share.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down nine-tenths of a cent at $3.565 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) 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.

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.

Notable earnings reports from Monday include:

BB&T Corporation (BBT) reported second quarter EPS of $0.58 on revenue of $2.30 billion, compared to last year’s EPS of $0.77 on revenue of $2.50 billion.

Halliburton Company (HAL) reported second quarter EPS of $0.91 on revenue of $8.05 billion, compared to last year’s EPS of $0.73 on revenue of $7.32 billion.

Netflix (NFLX) reported second quarter EPS of $1.15 on revenue of $1.34 billion, compared to last year’s EPS of $0.49 on revenue of $1.07 billion.

SunTrust Banks (STI) reported second quarter EPS of $0.81 on revenue of $2.20 billion, compared to last year’s EPS of $0.68 on revenue of $2.10 billion.

Stocks reporting earnings today include:

Coca-Cola Company (KO) is expected to report second quarter EPS of $0.63 on revenue of $12.82 billion, compared to last year’s EPS of $0.63 on revenue of $12.75 billion.

McDonald’s (MCD) is expected to report second quarter EPS of $1.44 on revenue of $7.28 billion, compared to last year’s EPS of $1.38 on revenue of $7.08 billion.

Microsoft (MSFT) is expected to report fourth quarter EPS of $0.61 on revenue of $23.11 billion, compared to last year’s EPS of $0.66 on revenue of $19.93 billion.

Verizon Communications (VZ) is expected to report second quarter EPS of $0.91 on revenue of $31.05 billion, compared to last year’s EPS of $0.73 on revenue of $29.79 billion.

Today’s Featured Dow Stock

Verizon Communications Inc. (VZ)

Verizon Communications Inc. (VZ) is up +3.17% year-to-date.

Financial Calendar

0830 ET Jun CPI expected +0.3% m/m and +2.1% y/y, May +0.4% m/m and +2.1% y/y. Jun CPI ex food & energy expected +0.2% m/m and +2.0% y/y, May +0.3% m/m and +2.0% y/y.

0900 ET May FHFA house price index expected +0.2% m/m, Apr unch m/m.

1000 ET Jul Richmond Fed manufacturing index expected +2 to 5, Jun -4 to 3.

1000 ET Jun existing home sales expected +2.0% to 4.99 million, May +4.9% to 4.89 million.

1500 ET USDA Jun Cold Storage.

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