Dow stocks at 52 week highs include UnitedHealth (UNH) and Nike (NKE). Dow stock 52 week lows include International Business Machines (IBM).
The Market
Premarket today, the Dow was indicated to open up +15 points.
Tuesday, the Dow closed up +215.14 (+1.31%) at 16,614.81.
Year-to-date the Dow is up +0.23%.
There were 27 Dow stock winners Tuesday.
Dow stock winners Tuesday included Intel (INTC) +3.26% and Chevron (CVX) +3.23%.
Dow stock losers Tuesday included Coca Cola (KO) -6.03% and International Business Machines (IBM) -3.47%.
Boeing (BA) reported Q3 EPS of $2.14, well ahead of consensus of $1.97.
Johnson & Johnson (JNJ) has developed a vaccine to fight Ebola and will begin testing the drug on humans in January. If the vaccine is deemed safe by health authorities, the company could make 250,000 doses available by May. The vaccine will be the world’s first and is expected to perform well in human trials as earlier tests on monkeys suggested that the drug was both safe and effective.
European stocks are lower and Asian markets ended higher.
The national average price of gasoline is down eight-tenths of a cent at $3.086 per gallon. Tuesday at the local Gig Harbor Costco, regular gas was down another 6 cents to $2.90 a gallon. I am amazed.
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.
Exxon Mobil will report earnings on 10/31/14 before the market open.
Chevron (CVX) will report earnings on 10/31/14 before the market open.
Notable earnings reports from Tuesday include:
The Coca-Cola Company (KO) reported third quarter EPS of $0.53 on revenue of $11.98 billion, compared to last year’s EPS of $0.53 on revenue of $12.03 billion.
McDonald’s Corporation (MCD) reported third quarter EPS of $1.09 on revenue of $6.99 billion, compared to last year’s EPS of $1.52 on revenue of $7.32 billion.
Verizon Communications Inc. (VZ) reported third quarter EPS of $0.89 on revenue of $31.59 billion, compared to last year’s EPS of $0.77 on revenue of $30.28 billion.
Yahoo! Inc. (YHOO) reported third quarter EPS of $0.52 on revenue of $1.09 billion, compared to last year’s EPS of $0.34 on revenue of $1.08 billion.
Stocks reporting earnings today include:
AT&T Inc. (T) is expected to report third quarter EPS of $0.64 on revenue of $33.24 billion, compared to last year’s EPS of $0.66 on revenue of $32.16 billion.
The Boeing Company (BA) is expected to report third quarter EPS of $1.98 on revenue of $23.02 billion, compared to last year’s EPS of $1.80 on revenue of $22.13 billion.
The Dow Chemical Company (DOW) is expected to report third quarter EPS of $0.68 on revenue of $14.31 billion, compared to last year’s EPS of $0.50 on revenue of $13.73 billion.
Northrop Grumman Corporation (NOC) is expected to report third quarter EPS of $2.14 on revenue of $5.89 billion, compared to last year’s EPS of $2.14 on revenue of $6.11 billion.
Today’s Featured Dow Stock
Walt Disney Co. (DIS) is up +14.58% year-to-date.
Financial Calendar
0700 ET Weekly MBA mortgage applications, previous +5.6% with purchase sub-index -0.7% and refi sub-index +10.6%.
0830 ET Sep CPI expected unch m/m and +1.6% y/y, Aug -0.2% m/m and +1.7% y/y. Sep CPI ex food & energy expected +0.1% m/m and +1.7% y/y, Aug unch m/m and +1.7% y/y.
1030 ET EIA Weekly Petroleum Status Report.
1500 ET USDA Sep Cold Storage.