DJIA Market Happenings For Wednesday, August 20, 2014

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 -12 points.

Tuesday, the Dow closed up +80.85 (+0.48%) at 16,919.59. Almost back to Dow 17,000.

Year-to-date the Dow is up +2.07%.

Dow stock winners Tuesday included Home Depot (HD) +5.55% and UnitedHealth (UNH) +1.37%.

Dow stock losers Tuesday included AT&T (T) -0.49% and Goldman Sachs (GS) -0.34%.

There were 23 Dow stock winners Tuesday.

Tuesday, Steve Ballmer said his new responsibility as team owner, among other things, will leave him no time to serve on Microsoft’s board. The former CEO quit his position as director on Tuesday via a public letter to Microsoft’s current CEO Satya Nadella.

The U.S. Federal Reserve will release minutes from its July meeting at 2 p.m. ET.

European stocks are lower and Asian markets ended mixed.

The national average price of gasoline is down five-tenths of a cent at $3.441 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) reported earnings on 7/24/14 after the market close of $2.17/share, beating consensus of $2.09/share.

Merck (MRK) reported earnings om 7/29/14 before the market open of $0.85/share, beating consensus of $0.81/share.


Pfizer (PFE) reported earnings on 7/29/14
before the market open of $0.58/share, beating consensus of $0.56/share.

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) reported earnings on 8/19/14 before the market open of $1.52 a share, better than consensus of $1.44.

Notable earnings reports from Tuesday include:

Home Depot (HD) reported second quarter EPS of $1.52 on revenue of $23.81 billion, compared to last year’s EPS of $1.24 on revenue of $22.52 billion.

La-Z-Boy (LZB) reported first quarter EPS of $0.20 on revenue of $327.00 million, compared to last year’s EPS of $0.18 on revenue of $318.91 million.

Medtronic (MDT) reported first quarter EPS of $0.93 on revenue of $4.27 billion, compared to last year’s EPS of $0.88 on revenue of $4.08 billion.

TJX Companies (TJX) reported second quarter EPS of $0.75, compared to last year’s EPS of $0.66 on revenue of $6.44 billion.

Stocks reporting earnings today include:

Hewlett-Packard (HPQ) is expected to report third quarter EPS of $0.88 on revenue of $26.98 billion, compared to last year’s EPS of $0.86 on revenue of $27.23 billion.

Lowe’s Companies (LOW) is expected to report second quarter EPS of $1.03 on revenue of $16.56 billion, compared to last year’s EPS of $0.88 on revenue of $15.71 billion.

Staples (SPLS) is expected to report second quarter EPS of $0.11 on revenue of $5.16 billion, compared to last year’s EPS of $0.16 on revenue of $5.31 billion.

Target (TGT) is expected to report second quarter EPS of $0.81 on revenue of $17.39 billion, compared to last year’s EPS of $0.97 on revenue of $17.12 billion.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) is up +12.41% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -2.7% with purchase sub-index -1.0% and refi sub-index -4.0%.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET Minutes of the Jul 29-30 FOMC meeting.

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