DJIA Market Happenings For Wednesday, October 8, 2014

Dow stocks at 52 week highs include Coca Cola (KO). Dow stock 52 week lows include United Technologies (UTX).

The Market

Premarket today, the Dow was indicated to open down -10 points.

Tuesday, the Dow closed down -272.52 (-1.60%) at 16,7119.39.

Year-to-date the Dow is up +0.86%.

There was 1 Dow stock winners Tuesday.

Dow stock losers Tuesday included Caterpillar (CAT) -3.37% and United Technologies (UTX) -2.69%.

Dow stock winner Tuesday included Coca Cola (KO) +0.73%.

Wal-Mart Stores Inc. (WMT) announced that it was cutting its health insurance for 30,000 part-time workers and that other employees would see a rise in premiums. The company also said it would raise health insurance premiums for its entire U.S. workforce beginning in January.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down 1.2 cents at $3.267 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.

General Electric (GE) will report earnings on 10/17/14 before the market open.

Notable earnings reports from Tuesday include:

Landec Corporation (LNDC) reported first quarter EPS of $0.09 on revenue of $133.60 million, compared to last year’s EPS of $0.28 on revenue of $109.48 million.

Yum! Brands, Inc. (YUM) reported third quarter EPS of $0.87 on revenue of $3.35 billion, compared to last year’s EPS of $0.85 on revenue of $3.47 billion.

Stocks reporting earnings today include:

Alcoa Inc (AA) is expected to report third quarter EPS of $0.18 on revenue of $5.69 billion, compared to last year’s EPS of $0.11 on revenue of $5.76 billion.

Costco Wholesale Corporation (COST) is expected to report fourth quarter EPS of $1.52 on revenue of $35.33 billion, compared to last year’s EPS of $1.40 on revenue of $32.49 billion.

Family Dollar Stores, Inc. (FDO) is expected to report fourth quarter EPS of $0.77, compared to last year’s EPS of $0.86 on revenue of $2.50 billion.

Monsanto Company (MON) is expected to report a fourth quarter loss of $0.23 on revenue of $2.41 billion, compared to last year’s loss of $0.47 on revenue of $2.20 billion.

Today’s Featured Dow Stock

Nike Inc. (NKE)

Nike Inc. (NKE) is up +23.20% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -0.2% with purchase sub-index unch and refi sub-index -0.3%.

1030 ET EIA Weekly Petroleum Status Report.

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

1400 ET Minutes of the Sep 16-17 FOMC meeting.

n/a G-20 finance ministers and central bank governors hold a 3-day meeting in Washington D.C.

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