DJIA Market Happenings For Monday, October 20, 2014

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -130 points.

Friday, the Dow closed up +263.17 (+1.63%) at 16,380.41.

Year-to-date the Dow is down -1.18%. Nasdaq is at +2.0%, S&P 500 +2.1% and Russell 2000 -7.0%.

Last week the Dow lost -1.0%, Nasdaq -0.4%, S&P 500 -1.0% and Russell 2000 gained +2.8%.

There were no Dow stock losers Friday.

Dow stock winners Friday included United Health (UNH) +3.27%, American Express (AXP) +2.92%, Disney (DIS) +2.56% and Goldman Sachs (GS) +2.51%.

International Business Machines (IBM) reported Q3 EPS of $3.68, well below consensus of $4.32.

Looks like today’s Dow drop is due to IBM falling.

The Fed is set to hold its two-day policy meeting on October 28 and 29, where it is largely expected to finish its bond-buying program as scheduled.

European stocks are lower and Asian markets ended higher.

The national average price of gasoline over the weekend is down 4.4 cents at $3.100 per gallon. Friday at the local Gig Harbor Costco, regular gas was $2.99 a gallon. I really can’t remember when I last saw it that low.

Earnings Reports.

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

JPMorgan (JPM) will report earnings on 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.

Procter & Gamble (PG) will report earnings on 10/24/14 before the market open.

Merck (MRK will report earnings on 10/27/14 before the market open.

Dupont (DD) will report earnings on 10/28/14 before the market open.

Pfizer (PFE) will report earnings on 10/28/14 before the market open.

Visa (V) will report earnings on 10/29/14 after the market close.

Notable earnings reports from Friday include:

General Electric Company (GE) reported third quarter EPS of $0.38 on revenue of $36.20 billion, compared to last year’s EPS of $0.40 on revenue of $35.73 billion.

Honeywell International Inc. (HON) reported third quarter EPS of $1.47 on revenue of $10.108 billion, compared to last year’s EPS of $1.24 on revenue of $9.65 billion.

Morgan Stanley (MS) reported third quarter EPS of $0.77 on revenue of $8.70 billion, compared to last year’s EPS of $0.50 on revenue of $8.10 billion.

SunTrust Banks, Inc. (STI) reported third quarter EPS of $0.81 on revenue of $2.03 billion, compared to last year’s EPS of $0.33 on revenue of $1.92 billion.

Stocks reporting earnings today include:

Apple Inc. (AAPL) is expected to report fourth quarter EPS of $1.31 on revenue of $39.85 billion, compared to last year’s EPS of $1.18 on revenue of $37.47 billion.

Chipotle Mexican Grill, Inc. (NYSE: CMG) is expected to report third quarter EPS of $3.84 on revenue of $1.06 billion, compared to last year’s EPS of $2.66 on revenue of $826.91 million.

Halliburton Company (HAL) is expected to report third quarter EPS of $1.10 on revenue of $8.53 billion, compared to last year’s EPS of $0.83 on revenue of $7.47 billion.

International Business Machines Corp. (IBM) is expected to report third quarter EPS of $4.32 on revenue of $23.37 billion, compared to last year’s EPS of $3.99 on revenue of $23.72 billion.

Today’s Featured Dow Stock

Visa Inc. (V)

Visa Inc. (V) is down -7.49% year-to-date.

Financial Calendar

1100 ET USDA weekly grain export inspections.

1600 ET USDA weekly crop progress.

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