The Dow Market Happenings For Monday, October 13, 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 -35 points.

Friday, the Dow closed down -115.15 (-0.69%) at 16,544.10.

Year-to-date the Dow is down -0.20%. Nasdaq is at +2.4%%, S&P 500 +3.1% and Russell 2000 -9.5%.

Last week the Dow was down -2.7%, Nasdaq -4.5%, S&P 500 -3.1% and Russell 2000 -4.7%.

All this selling has the VIX hitting 52 week highs. A VIX reversal this week could signal an end to the sell-off. And this week is the start of earnings season. We shall see…

There were 8 Dow stock winners Friday.

The Dow stock losers Friday included Intel (INTC)-5.09% and Microsoft (MSFT) -3.97%.

Dow stock winners Friday included Coca Cola (KO) +1.37% and Procter & Gamble (PG) +1.23%.

General Electric (GE) could rally 25% over the next 12-18 month due to its industrial earnings, according to Barron’s.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down 4.1 cents at $3.199 per gallon over the weekend.

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.

Coca Cola (KO) will report earnings on 10/21/14 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.

3M (MMM) will report earnings on 10/23/14 before the market open.

Caterpillar (CAT) will report earnings on 10/23/14 before the market open.

Microsoft (MSFT) will report earnings on 10/23/14 after the market close.

Notable earnings reports from Friday include:

The Progressive Corporation (PGR) reported third quarter EPS of $0.50, compared to last year’s EPS of $0.36 on revenue of $4.45 billion.

Infosys Ltd (NFY) reported second quarter EPS of $0.89 on revenue of $2.20 billion, compared to last year’s EPS of $0.67 on revenue of $2.07 billion.

Stocks reporting earnings today include:

There are no notable earnings reports expected today.

Today’s Featured Dow Stock

The Coca-Cola Co. (KO)

The Coca-Cola Co. (KO) is up +7.65% year-to-date.

Financial Calendar

1230 ET Chicago Fed President Charles Evans speaks on current economic conditions and monetary policy to the National Council on Teacher Retirement conference in Indianapolis, IN.

n/a Columbus Day; government offices closed but stock exchanges open.

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