The Dow Market Happenings For Thursday, August 21, 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 up +36 points.

Wednesday, the Dow closed up +59.54 (+0.35%) at 16,979.13.

Year-to-date the Dow is up +2.43%.

Dow stock winners Wednesday included Home Depot (HD) +2.86% and Boeing (BA) +1.41%.

Dow stock losers Wednesday included Microsoft (MSFT) -0.84%, Disney (DIS) -0.28% and McDonald’s (MCD) -0.28%.

There were 22 Dow stock winners Wednesday.

Four McDonald’s (MCD) restaurants in Moscow have been closed down due to sanitary violations, something U.S. policy makers say is Russia’s way of hitting back against the latest round of sanctions.

One time Dow stock Hewlett-Packard (HPQ) reported Q3 adjusted EPS of 89 cents, right on consensus, although Q3 revenue of $27.6 billion was better than consensus of $27.01 billion.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down five-tenths of a cent at $3.436 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 Wednesday include:

Hewlett-Packard (HPQ) reported third quarter EPS of $0.89 on revenue of $27.59 billion, compared to last year’s EPS of $0.86 on revenue of $27.23 billion.

Lowe’s Companies (LOW) reported second quarter EPS of $1.04 on revenue of $16.60 billion, compared to last year’s EPS of $0.88 on revenue of $15.71 billion.

Staples (SPLS) reported second quarter EPS of $0.12 on revenue of $5.20 billion, compared to last year’s EPS of $0.16 on revenue of $5.31 billion.

Target (TGT) reported second quarter EPS of $0.78 on revenue of $17.00 billion, compared to last year’s EPS of $0.97 on revenue of $17.12 billion.

Stocks reporting earnings today include:

Dollar Tree (DLTR) is expected to report second quarter EPS of $0.64 on revenue of $2.01 billion, compared to last year’s EPS of $0.56 on revenue of $1.85 billion.

Gap (GPS) is expected to report second quarter EPS of $0.69 on revenue of $3.97 billion, compared to last year’s EPS of $0.64 on revenue of $3.87 billion.

Hormel Foods (HRL) is expected to report third quarter EPS of $0.49 on revenue of $2.23 billion, compared to last year’s EPS of $0.42 on revenue of $2.16 billion.

Today’s Featured Dow Stock

JPMorgan Chase and Co. (JPM)

JPMorgan Chase and Co. (JPM) is down -1.44% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -8,000 to 303,000, previous +21,000 to 311,000. Weekly continuing claims expected -24,000 to 2.520 million, previous +25,000 to 2.544 million.

0830 ET USDA weekly Export Sales.

0945 ET Preliminary Aug Markit manufacturing PMI expected -0.1 to 55.7, Jul -1.5 to 55.8.

1000 ET Jul existing home sales expected -0.5% to 5.02 million, Jun +2.6% to 5.04 million.

1000 ET Jul leading indicators expected +0.6%, Jun +0.3%.

1000 ET Aug Philadelphia Fed manufacturing index expected -4.4 to 19.5, Jul +6.1 to 23.9.

1100 ET Treasury announces amount of 2-year T-notes (previous $29 billion), 2-year floating-rate notes (previous $15 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Aug 26-28.

n/a The Kansas City Feds annual 2-day symposium begins in Jackson Hole, Wyoming. This years topic: Re-Evaluating Labor Market Dynamics.

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