The Dow Market Happenings For Thursday, August 7, 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 +43 points.

Wednesday, the Dow closed up +13.87 (+0.08%) at 16,443.34.

Year-to-date the Dow is down -0.80%.

Dow stock winners Wednesday included Procter & Gamble (PG) +2.12% and Coca Cola (KO) +1.89%.

Dow stock losers Wednesday included Boeing (BA) -1.83% and AT&T (T) -1.40%.

There were 18 Dow stock winners Wednesday.

The Labor Department reported initial claims for state unemployment benefits decreased by 14,000 to a seasonally adjusted 289,000 for the week ended Aug. 2. The prior week’s claims were revised to show 1,000 more applications received than previously reported. Economists had forecast claims rising to 305,000 for the week ended Aug. 2. The four-week average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 4,000 to 293,500, the lowest level since February 2006.

Russia has imposed a ban on imports of beef, pork, fruit and vegetables, poultry, fish, cheeses, and milk from Europe, the U.S., Australia, Canada and Norway in retaliation for Western sanctions.

European stocks are mostly lower and Asian markets ended mostly lower.

The national average price of gasoline is down eight-tenths of a cent at $3.475 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) reported earnings on 7/15/14 before the market open of $1.66/share, beating consensus of $1.54/share.

JPMorgan (JPM) reported earnings on 7/15/14 before the market open of $1.48/share, beating consensus og $1.30/share.

United Technologies (UTX) reported earnings on 7/17/14 before the market open of $1.84/share, beating consensus of $1.79/share.

IBM (IBM) reported earnings on 7/17/14 after the market close of $4.32/share, beating consensus of $4.31/share.

General Electric (GE) reported earnings on 7/18/14 before the market open of $0.39/share, meeting expectations.

Dupont (DD) reported earnings on 7/22/14 before the market open of $1.17/share, meeting expectations.

Coca Cola (KO) reported earnings on 7/22/14 before the market open of $0.64/share, beating consensus of $0.63/share.

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.

Disney (DIS) will report earnings on 8/5/14 after the market close.

Cisco (CSCO) reports earnings on 8/13/14 after the market close.

Wal-Mart (WMT) reports earnings on 8/14/14 before the market open.

Home Depot (HD) reports earnings on 8/19/14 before the market open.

Notable earnings reports from Wednesday include:

Chesapeake Energy (CHK) reported third quarter EPS of $0.36 on revenue of $5.10 billion, compared to last year’s EPS of $0.51 on revenue of $4.68 billion.

CenturyLink (CTL) reported second quarter EPS of $0.72 on revenue of $4.54 billion, compared to last year’s loss of $0.69 on revenue of $4.52 billion.

21st Century Fox (FOXA) reported fourth quarter EPS of $0.43 on revenue of $8.42 billion, compared to last year’s EPS of $0.31 on revenue of $7.21 billion.

Prudential Financial (PRU) reported second quarter EPS of $2.49, compared to last year’s EPS of $2.30 on revenue of $11.72 billion.

Stocks reporting earnings today include:

BCE (BCE) is expected to report second quarter EPS of $0.85 on revenue of $5.20 billion, compared to last year’s EPS of $0.77 on revenue of $5.00 billion.

Duke Energy (DUK) is expected to report second quarter EPS of $0.98 on revenue of $6.12 billion, compared to last year’s EPS of $0.87 on revenue of $5.88 billion.

Global Partners (GLP) is expected to report a second quarter loss of $0.13 on revenue of $4.79 billion, compared to last year’s EPS of $0.29 on revenue of $4.77 billion.

HSN (HSNI) is expected to report second quarter EPS of $0.77 on revenue of $831.33 million, compared to last year’s EPS of $0.79 on revenue of $812.61 million.

Today’s Featured Dow Stock

Cisco Systems Inc. (CSCO)

Cisco Systems Inc. (CSCO) is up +11.15% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +3,000 to 305,000, previous +23,000 to 302,000. Weekly continuing claims expected -27,000 to 2.512 million, previous +31,000 to 2.539 million.

0830 ET USDA weekly Export Sales.

1500 ET Jun consumer credit expected +$18.700 billion, May +$19.602 billion.

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