DJIA Market Happenings For Monday, October 6, 2014

Dow stocks at 52 week highs include Coca Cola (KO) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +77 points.

Friday, the Dow closed up +208.64 (+1.24%) at 17,009.69.

Year-to-date the Dow is up +2.61%.

There were 29 Dow stock winners Friday.

The Dow stock loser Friday was Caterpillar (CAT) -0.02%. Not a very strong loser though.

Dow stock winners Friday included Goldman Sachs (GS) +2.84% and JPMorgan (JPM) +2.48%.

Hewlett-Packard (HPQ) announced today that it plans to put its PC and printer operations under one roof under the name HP Inc., and its business that provides software and services to corporate customers under another under the name HP Enterprise. HP said the split will give both companies the focus, financial resources and flexibility to adapt more quickly to the market, while also raising the stock value for shareholders. Shares of HP jumped more than 7% in premarket trading following the announcement. The split is expected to be completed by the end of 2015.

McDonald’s (MCD) was downgraded to ‘Equal Weight’ from ‘Overweight’ at Morgan Stanley.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down eight-tenths of a cent at $3.289 per gallon.

Earnings Reports.

Johnson & Johnson (JNJ) will report earnings om 10/14/14 before the market open.

JPMorgan (JPM) will report earnings om 10/14/14 before the market open.

Intel (INTC) will report earnings on 10/14/14 after the market close.

American Express (AXP) reports earnings on 10/15/14 after the market close.

Goldman Sachs (GS) will report earnings on 10/16/14 before the market open.

United Health (UNH) will report earnings on 10/16/14 before the market open.

International Business Machines (IBM) will report earnings on 10/16/14 after the market close.

Notable earnings reports from Friday include:

There were no notable earnings reports Friday.

Stocks reporting earnings today include:

IDT Corporation (IDT) is expected to report EPS of $0.40 on revenue of $408.40 million, compared to last year’s EPS of $0.13 on revenue of $411.13 million.
Team, Inc. (TISI) is expected to report first quarter EPS of $0.34 on revenue of $194.55 million, compared to last year’s EPS of $0.123 on revenue of $174.31 million.

Today’s Featured Dow Stock

Merck & Co Inc. (MRK)

Merck & Co Inc. (MRK) is up +19.68% year-to-date.

Financial Calendar

100 ET USDA weekly grain export inspections.

1600 ET USDA weekly crop progress.

2030 ET Kansas City Fed President Esther George speaks on the U.S. economy to business and community leaders in Albuquerque, New Mexico.

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