The Dow Market Happenings For Wednesday, August 13, 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 +36 points.

Tuesday, the Dow closed down -9.44 (-0.06%) at 16,560.54.

Year-to-date the Dow is down -0.10%.

Dow stock winners Tuesday include Microsoft (MSFT) +0.74% and Dupont (DD) +0.71%.

Dow stock losers Tuesday include United Technologies (UTX) -0.77% and General Electric (GE) -0.70%.

There were 14 Dow stock winners Tuesday.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down four-tenths of a cent at $3.474 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) reported earnings on 7/22/14 before the market open of $1.40/share, missing consensus of $1.43/share.

Microsoft (MSFT) reported earnings on 7/22/14 after the market close of $50.share, missing consensus of $0.60/share.

Travelers (TRV) reported earnings on 7/22/14 before the market open of $1.93/share, missing consensus ofr $2.05/share.

United Technologies (UTX) reported earnings on 7/22/14 before the market open of $1.84/share, beating consensus of $1.78/share.

Verizon (VZ) reported earnings on 7/22/14 before the market open of $0.91/share, beating consensus of $0.90/share.


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 Tuesday include:

CST Brands (CST) reported second quarter EPS of $0.43 on revenue of $3.26 billion, compared to last year’s EPS of $0.66 on revenue of $3.21 billion.

Flowers Foods (FLO) reported second quarter EPS of $0.21 on revenue of $877.40 million, compared to last year’s EPS of $0.24 on revenue of $898.15 million.

Fossil (FOSL) reported second quarter EPS of $0.98 on revenue of $773.80 million, compared to last year’s EPS of $1.15 on revenue of $706.20 million.

Valspar (VAL) reported third quarter EPS of $1.21 on revenue of $1.20 billion, compared to last year’s EPS of $1.07 on revenue of $1.09 billion.

Stocks reporting earnings today include:

Cisco Systems (CSCO) is expected to report fourth quarter EPS of $0.53 on revenue of $12.14 billion, compared to last year’s EPS of $0.52 on revenue of $12.42 billion.

Deere & Company (DE) is expected to report third quarter EPS of $2.20 on revenue of $8.75 billion, compared to last year’s EPS of $2.56 on revenue of $9.32 billion.

Macy’s (M) is expected to report second quarter EPS of $0.86 on revenue of $6.30 billion, compared to last year’s EPS of $0.72 on revenue of $6.07 billion.

Pinnacle Foods (PF) is expected to report second quarter EPS of $0.33 on revenue of $629.33 million, compared to last year’s EPS of $0.29 on revenue of $569.04 million.

Today’s Featured Dow Stock

General Electric Co. (GE)

General Electric Co. (GE) is down -8.63% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +1.6% with purchase sub-index -1.3% and refi sub-index +3.8%.

0830 ET Jul retail sales expected +0.2% and +0.4% ex autos, Jun +0.2% and +0.4% ex autos.

0905 ET New York Fed President William Dudley delivers opening remarks and Boston Fed President Eric Rosengren delivers the keynote address at the New York Feds conference on the risks of wholesale funding.

1000 ET Jun business inventories expected +0.4%, May +0.5%.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $24 billion 10-year T-notes.

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