DJIA Market Happenings For Wednesday, July 23, 2014

Dow stocks at 52 week highs includes Intel (INTC). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +16 points.

Tuesday, the Dow closed up +61.81 (+0.36%) at 17,113.54.

Year-to-date the Dow is up +3.24%.

Dow stock winners Tuesday included Intel (INTC)) +2.14% and Goldman Sachs (GS) +1.92%.

Dow stock losers Tuesday included Travellers (TRV) -3.81% and Coca Cola (KO) -2.85%.

Tuesday there were 15 Dow stock winners.

Microsoft (MSFT) reported earnings today after the close of $0.55/share, missing estimates calling for $0.60/share. Although earnings were below expectations, sales topped forecasts as its commercial cloud revenue doubled. It’s Bing ad revenue was another bright spot with 40% growth. It’s shares were near unchanged at -0.0.1% for the day. However, shares were up $0.60 in after-hours trade.

Boeing (BA)reported earnings of $2.42/share this morning, beating consensus of $2.02/share.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down seven-tenths of a cent at $3.558 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 Tuesday include:

Coca-Cola (KO) reported second quarter EPS of $0.64 on revenue of $12.57 billion, compared to last year’s EPS of $0.63 on revenue of $12.75 billion.

McDonald’s (MCD) reported second quarter EPS of $1.40 on revenue of $7.18 billion, compared to last year’s EPS of $1.38 on revenue of $7.08 billion.

Microsoft (MSFT) reported fourth quarter EPS of $0.55 on revenue of $23.38 billion, compared to last year’s EPS of $0.66 on revenue of $19.93 billion.

Verizon Communications (VZ) reported second quarter EPS of $0.91 on revenue of $31.50 billion, compared to last year’s EPS of $0.73 on revenue of $29.79 billion.

Apple (AAPL) reported third quarter EPS of $1.28 on revenue of $37.43 billion, compared to last year’s EPS of $1.07 on revenue of $35.32 billion.

Stocks reporting earnings today include:

AT&T (T) is expected to report second quarter EPS of $0.65 on revenue of $33.36 billion, compared to last year’s EPS of $0.67 on revenue of $32.08 billion.

Boeing Company (BA) is expected to report second quarter EPS of $1.99 on revenue of $22.44 billion, compared to last year’s EPS of $1.67 on revenue of $21.82 billion.

Dow Chemical Company (DOW) is expected to report second quarter EPS of $0.74 on revenue of $14.85 billion, compared to last year’s EPS of $0.64 on revenue of $14.58 billion.

PepsiCo (PEP) is expected to report second quarter EPS of $1.23 on revenue of $16.79 billion, compared to last year’s EPS of $1.31 on revenue of $16.81 billion.

Today’s Featured Dow Stock

Visa Inc. (V)

Visa Inc. (V) is down -0.64% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -3.6% with purchase sub-index -7.6% and refi sub-index -0.1%.

1030 ET EIA Weekly Petroleum Status Report.

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