DJIA Market Happenings For Monday, August 18, 2014

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

The Market

Premarket today, the Dow was indicated to open up +86 points.

Friday, the Dow closed down -50.67 (-0.30%) at 16,662.91.

Year-to-date the Dow is up +0.52%. Nasdaq +6.9%, S&P 500 +5.8% and Russell 2000 -1.9%.

Last week the Dow was up +0.7%, Nasdaq +2.2%, S&P 500 +1.2% and Russell 2000 +0.9%.

Dow stock winners Friday included Coca Cola (KO) +1.74% and Microsoft (MSFT) +1.17%.

Dow stock losers Friday included Visa (V) -1.10% and General Electric (GE) -0.93%.

There were 7 Dow stock winners Friday.

Hewlett-Packard (HPQ) was upgraded to ‘Buy’ from ‘Neutral’ at Monness Crespi.

General Electric (GE) was reinstated with an ‘Outperform’ at Credit Suisse with a price target of $30.

Friday, Fed Chair Janet Yellen is set to speak and is expected to maintain her previous call for patience on an interest rate rise despite the country’s rapidly improving labor market.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down three-tenths of a cent at $3.454 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) reported earnings on 7/23/14
before the market open of $2.42/share, beating consensus of $2.01/share..


AT&T (T) reported earnings on 7/23/14
after the market close of $0.62/share, missing consensus by a penny..

Caterpillar (CAT) reported earnings on 7/24/14 before the market open of $1.69/share, beating consensus of $1.51/share..

3M (MMM) reported earnings on 7/24/14 before the market open of $1.91/share, meeting consensus.

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 Friday include:

Dillard’s (DDS) reported second quarter EPS of $0.80 on revenue of $1.47 billion, compared to last year’s EPS of $0.86 on revenue of $1.52 billion.

Estee Lauder Companies (EL) reported second quarter EPS of $0.45 on revenue of $2.73 billion, compared to last year’s EPS of $0.24 on revenue of $2.41 billion.

Stocks reporting earnings today include:

Perfect World Co. (PWRD) is expected to report second quarter EPS of $0.41 on revenue of $149.76 million, compared to last year’s EPS of $0.27 on revenue of $115.44 million.

Urban Outfitters (URBN) is expected to report second quarter EPS of $0.49 on revenue of $807.45 million, compared to last year’s EPS of $0.51 on revenue of $758.52 million.

Today’s Featured Dow Stock

Intel Corp. (INTC)

Intel Corp. (INTC) is up +31.65% year-to-date.

Financial Calendar

1000 ET Aug NAHB housing market index expected unch at 53, July +4 to 53.

1100 ET USDA weekly grain export inspections.

1600 ET USDA weekly crop progress.

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