DJIA Market Happenings For Friday, October 10, 2014

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

The Market

Premarket today, the Dow was indicated to open down -43 points.

Thursday, the Dow closed down -334.97 (-1.97%) at 16,659.25.

Year-to-date the Dow is up +0.50%.

There were no Dow stock winners Thursday.

The Dow stock losers Thursday included Caterpillar (CAT) -3.26% and Exxon Mobil (XOM) -2.95%.

There were no Dow stock winners Thursday.

Microsoft Corporation (MSFT) is facing tough criticism after the company’s CEO made remarks that many considered sexist. Satya Nadella said on Thursday that women working in the technology space need not ask for a raise and instead have faith in the “system.” Nadella has since taken to Twitter, saying his remarks were inarticulate and did not accurately express his view that men and women in the tech space should have equal pay.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down 1.4 cents at $3.240 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.

McDonald’s (MCD) will report earnings on 10/21/14 before the market open.

Travelers (TRV) will report earnings on 10/21/14 before the market open.

United Technologies (UTX) will report earnings on 10/21/14 before the market open.

Verizon (VZ) will report earnings on 10/21/14 before the market open.

Boeing will report earnings on 10/22/14 before the market open.

AT&T (T) will report earnings on 10/22/14 after the market close.

Notable earnings reports from Thursday include:

Family Dollar Stores, Inc. (FDO) reported fourth quarter EPS of $0.73 on revenue of $2.61 billion, compared to last year’s EPS of $0.86 on revenue of $2.50 billion.

Lindsay Corporation (LNN) reported fourth quarter EPS of $0.89 on revenue of $147.50 million, compared to last year’s EPS of $0.81 on revenue of $148.40 million.

PepsiCo, Inc. (PEP) reported third quarter EPS of $1.36 on revenue of $17.22 billion, compared to last year’s EPS of $1.24 on revenue of $16.91 billion.

VOXX International Corp (VOXX) reported a second quarter loss of $0.11 on revenue of $117.30 million, compared to last year’s EPS of $0.20.

Stocks reporting earnings today include:

Fastenal Company (FAST) is expected to report its Q3 earnings at $0.45 per share on revenue of $980.10 million.

Infosys (INFY) is estimated to report its Q2 earnings at $0.81 per share on revenue of $2.20 billion.

Progressive (PGR) is projected to report its Q3 earnings at $0.44 per share on revenue of $4.70 billion.

Today’s Featured Dow Stock

Procter & Gamble Co. (PG)

Procter & Gamble Co. (PG) is up +2.76% year-to-date.

Financial Calendar

0830 ET Sep import price index expected -0.7% m/m and -1.4% y/y, Aug -0.9% m/m and -0.4% y/y.

0900 ET Philadelphia Fed President Charles Plosser discusses U.S. monetary policy and the communications challenge faced by the FOMC at the University of New Yorks Graduate School of Journalism.

1200 ET Oct WASDE crop production

1300 ET Kansas City Fed President Esther George speaks on the economy at an economic forum at McCook Community Colleges events center in McCook, NE.

1400 ET Sep monthly budget statement expected $72 billion, previous $75.1 billion.

1500 ET Richmond Fed President Jeffrey Lacker speaks at the National Conference of Bankruptcy Judges on Rethinking the Unthinkable: Bankruptcy for Large Financial Institutions.

1530 ET Dallas Fed President Richard Fisher speaks on the U.S. economy at an economic education conference in Dallas.

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