The Dow Market Happenings For Thursday, July 24, 2014

Dow stocks at 52 week highs includes Chevron (CVX), 3M (MMM) and Exxon Mobil (XOM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +4 points.

Wednesday, the Dow closed down -26.91 (-0.16%) at 17,086.63.

Year-to-date the Dow is up +3.08%.

Dow stock winners Wednesday included Chevron (CVX) +0.98% and Exxon Mobil (XOM) +0.69%.

Dow stock losers Wednesday included Boeing (BA) -2.34% and Caterpillar (CAT) -1.53%.

Wednesday there were 10 Dow stock winners.

AT&T (T) fell 1% in after-hours trading after reporting earnings of $0.62/share, missing consensus of $0.63/share.

Caterpillar (CAT) shares fell after the construction equipment maker lowered the mid-point of its 2014 sales outlook, citing weakness in China. It also reported earnings of $1.69/share, beating consensus of $1.51/share.

3M (MMM) shares edged higher after the company reported earnings of $1.91/share that met analysts’ expectations.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down eight-tenths of a cent at $3.550 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 Wednesday include:

AT&T (T) reported second quarter EPS of $0.62 on revenue of $32.60 billion, compared to last year’s EPS of $0.67 on revenue of $32.08 billion.

Boeing Company (BA) reported second quarter EPS of $2.24 on revenue of $22.05 billion, compared to last year’s EPS of $1.67 on revenue of $21.82 billion.

Dow Chemical Company (DOW) reported second quarter EPS of $0.74 on revenue of $14.92 billion, compared to last year’s EPS of $0.64 on revenue of $14.58 billion.

Facebook (FB) reported second quarter EPS of $0.42 on revenue of $2.91 billion, compared to last year’s EPS of $0.19 on revenue of $1.81 billion.

PepsiCo (PEP) reported second quarter EPS of $1.32 on revenue of $16.89 billion, compared to last year’s EPS of $1.31 on revenue of $16.81 billion.

Stocks reporting earnings today include:

Amazon.com (NASDAQ: AMZN) is expected to report a second quarter loss of $0.15 on revenue of $19.34 billion, compared to last year’s EPS of $0.02 on revenue of $15.70 billion.

Caterpillar (NYSE: CAT) is expected to report second quarter EPS of $1.50 on revenue of $14.44 billion, compared to last year’s EPS of $1.45 on revenue of $14.62 billion.

Ford Motor Company (NYSE: F) is expected to report second quarter EPS of $0.38 on revenue of $36.13 billion, compared to last year’s EPS of $0.45 on revenue of $36.08 billion.

General Motors Company (NYSE: GM) is expected to report second quarter EPS of $0.95 on revenue of $40.63 billion, compared to last year’s EPS of $0.84 on revenue of $39.08 billion.

Today’s Featured Dow Stock

Wal-Mart Stores Inc. (WMT)

Wal-Mart Stores Inc. (WMT) is down -2.16% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +5,000 to 307,000, previous -3,000 to 302,000. Weekly continuing claims expected +3,000 to 2.510 million, previous -79,000 to 2.507 million.

0830 ET USDA weekly Export Sales.

0945 ET Preliminary Jul Markit manufacturing PMI expected +0.2 to 57.5, Jun +0.9 to 57.3.

1000 ET Jun new home sales expected -5.8% to 475,000, May +18.6% to 504,000.

1100 ET Jul Kansas City Fed manufacturing index expected unch at 6, June 6.

1100 ET Treasury announces amount of 2-year T-notes (previous $30 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Jul 28-30.

1300 ET Treasury auctions $15 billion 10-year TIPS.

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