Dow stocks at 52 week highs include Home Depot (HD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -1 points.

Wednesday, the Dow closed up +91.26 (+0.55%) at 16,651.80.

Year-to-date the Dow is up +0.45%.

Wal-Mart (WMT) reported Q2 EPS of $1.21, right on expectations, but then lowered guidance on fiscal 2015 EPS view to $4.90-$5.15 from $5.10-$5.45, at the lower end of consensus of $5.15.

Cisco (CSCO) reported Q4 EPS of 55 cents, better than consensus of 53 cents.

European stocks are lower and Asian markets ended mixed.

The national average price of gasoline is down two-tenths of a cent at $3.471 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 Wednesday include:

Cisco Systems (CSCO) reported fourth quarter EPS of $0.55 on revenue of $12.40 billion, compared to last year’s EPS of $0.52 on revenue of $12.42 billion.

Deere & Company (DE) reported third quarter EPS of $2.33 on revenue of $8.72 billion, compared to last year’s EPS of $2.56 on revenue of $9.32 billion.

Macy’s (M) reported second quarter EPS of $0.80 on revenue of $6.27 billion, compared to last year’s EPS of $0.72 on revenue of $6.07 billion.

Pinnacle Foods (PF) reported second quarter EPS of $0.33 on revenue of $617.80 million, compared to last year’s EPS of $0.29 on revenue of $569.04 million.

Stocks reporting earnings today include:

Wal-Mart Stores (WMT) is expected to report second quarter EPS of $1.21 on revenue of $118.98 billion, compared to last year’s EPS of $1.24 on revenue of $116.94 billion.

Kohl’s (KSS) is expected to report second quarter EPS of $1.07 on revenue of $4.28 billion, compared to last year’s EPS of $1.04 on revenue of $4.29 billion.

J.C. Penney Company (JCP) is expected to report a second quarter loss of $0.93 on revenue of $2.78 billion, compared to last year’s loss of $2.20 on revenue of $2.66 billion.

Nordstrom ( JWN) is expected to report second quarter EPS of $0.95 on revenue of $3.39 billion, compared to last year’s EPS of $0.93 on revenue of $3.20 billion.

Today’s Featured Dow Stock

Goldman Sachs Group Inc. (GS)

Goldman Sachs Group Inc. (GS) is down -2.76% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +6,000 to 295,000, previous -14,000 to 289,000. Weekly continuing claims expected -11,000 to 2.507 million, previous -24,000 to 2.518 million.

0830 ET Jul import price index expected -0.4% m/m and +0.8% y/y, Jun +0.1% m/m and +1.2% y/y.

0830 ET USDA weekly Export Sales.

1300 ET Treasury auctions $16 billion 30-year T-bonds.