DJIA Market Happenings For Wednesday, September 10, 2014

Dow stocks at 52 week highs include Microsoft (MSFT) and UnitedHealth (UNH). Dow stock 52 week lows include McDonald’s (MCD).

The Market

Premarket today, the Dow was indicated to open up +9 points.

Tuesday, the Dow closed down -97.55 (-0.57%) at 17,013.87.

Year-to-date the Dow is up +3.23%.

Dow stock winners Tuesday included UnitedHealth (UNH) +0.74% and Microsoft (MSFT) +0.62%.

Dow stock losers Tuesday included Home Depot (HD) -2.08% and McDonald’s (MCD) -1.52%.

There were 6 Dow stock winners Tuesday.

McDonald’s (MCD), the fast food giant said third quarter earnings will take a hit after a food scandal in China scared away diners in Asia last month.

Microsoft Corporation (MSFT) is trying to acquire Mojan AB, the company behind the increasingly popular cult video game, “Minecraft.”

European stocks are mixedand Asian markets ended mostly lower.

The national average price of gasoline is down five-tenths of a cent at $3.428 per gallon.

Earnings Reports.

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

Notable earnings reports from Tuesday include:

Barnes & Noble, Inc. (BKS) reported a first quarter loss of $0.56 on revenue of $1.24 billion, compared to last year’s loss of $0.86 on revenue of $1.33 billion.

HD Supply Holdings (HDS) reported second quarter EPS of $0.51 on revenue of $2.45 billion, compared to last year’s EPS of $0.23 on revenue of $2.26 billion.

Leidos Holdings (LDOS) reported second quarter EPS of $0.61 on revenue of $1.31 billion, compared to last year’s EPS of $0.19 on revenue of $2.47 billion.

Oxford Industries, Inc. (OXM) reported second quarter EPS of $0.94 on revenue of $246.20 million, compared to last year’s EPS of $1.01 on revenue of $235.02 million.

Stocks reporting earnings today include:

Men’s Wearhouse, Inc. (MW) is expected to report second quarter EPS of $1.07 on revenue of $892.47 million, compared to last year’s EPS of $1.01 on revenue of $647.26 million.

Restoration Hardware (RH) is expected to report second quarter EPS of $0.64 on revenue of $454.38 million, compared to last year’s EPS of $0.49 on revenue of $382.10 million.

Vera Bradley, Inc. (VRA) is expected to report second quarter EPS of $0.19 on revenue of $116.78 million, compared to last year’s EPS of $0.37 on revenue of $125.37 million.

Today’s Featured Dow Stock

Walt Disney Co. (DIS)

Walt Disney Co. (DIS) is up +17.28% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +0.2% with purchase sub-index -1.5% and the refi sub-index +1.4%.

1000 ET Jul wholesale inventories expected +0.5% m/m, Jun +0.3% m/m. Jul wholesale trade sales expected +0.6% m/m, Jun +0.2% m/m.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $21 billion 10-year T-notes.

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