DJIA Market Happenings For Tuesday, August 26, 2014

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

The Market

Premarket today, the Dow was indicated to open up +20 points.

Monday, the Dow closed up +75.65 (+0.44%) at 17,076.87.

Year-to-date the Dow is up +3.02%.

Dow stock winners Monday included JPMorgan (JPM) +1.45% and Goldman Sachs (GS) +1.37%.

Dow stock losers Monday included Intel (INTC) -0.37% and (Disney (DIS) -0.12%.

There were 24 Dow stock winners Monday.

Home prices in 20 U.S. cities rose at a slower pace in the year ended in June as declining affordability and weak wage gains kept appreciation in check. The S&P/Case-Shiller index of property values increased 8.1 percent from June 2013, the smallest 12-month gain since January 2013, the group reported today in New York.

European stocks are mixed and Asian markets ended lower.

The national average price of gasoline is down four-tenths of a cent at $3.431 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Notable earnings reports from Monday include:

Adept Technology (ADEP) reported a fourth quarter loss of $0.03 on revenue of $14.30 million, compared to last year’s EPS of $0.00 on revenue of $13.70 million.

OSI Systems (OSIS) reported fourth quarter EPS of $1.19 on revenue of $260.10 million, compared to last year’s EPS of $1.02 on revenue of $227.90 million.

Stocks reporting earnings today include:

Bank of Montreal (BMO) is expected to report third quarter EPS of $1.66 on revenue of $4.25 billion, compared to last year’s EPS of $1.68 on revenue of $4.05 billion.

Bank of Nova Scotia (BNS) is expected to report third quarter EPS of $1.43 on revenue of $5.94 billion, compared to last year’s EPS of $1.32 on revenue of $5.60 billion.

Best Buy Co. (BBY) is expected to report second quarter EPS of $0.32 on revenue of $9.01 billion, compared to last year’s EPS of $0.32 on revenue of $9.30 billion.

Sanderson Farms (SAFM) is expected to report third quarter EPS of $3.85 on revenue of $789.20 million, compared to last year’s EPS of $2.95 on revenue of $738.96 million.

Today’s Featured Dow Stock

Nike Inc. (NKE)

Nike Inc. (NKE) is up +1.74% year-to-date.

Financial Calendar

0830 ET Jul durable goods orders expected +8.0% and +0.5% ex-transportation, Jun +1.7% and +1.9% ex transportation. July capital goods orders non-defense ex-aircraft expected +0.2%, June +3.3%.

0900 ET Jun FHFA house price index expected +0.3% m/m, May +0.4% m/m. Q2 house price index, Q1 +1.30% q/q.

0900 ET Jun S&P/CaseShiller composite-20 home price index expected unch m/m and +8.3% y/y, May -0.31% m/m and +9.34% y/y. Q2 S&P/CaseShiller home price index, Q1 +10.35% y/y.

1000 ET Aug consumer confidence (Conference Board) expected -1.9 to 89.0, Jul +4.5 to 90.9.

1000 ET Aug Richmond Fed manufacturing index expected -1 to 6, Jul +3 to 7.

1300 ET Treasury auctions $29 billion 2-year T-notes.

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