Dow stocks at 52 week highs include Nike (NKE), Home Depot (HD) Procter & Gamble, Travelers (TRV), 3M (MMM) and UnitedHealth (UNH). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open down -27 points.
Wednesday, the Dow closed down -31.44 (-0.18% at 16,974.31.
Year-to-date the Dow is up +2.40%.
There were 14 Dow stock winners Wednesday.
Dow stock winners Wednesday included Pfizer +1.38% and Coca Cola (KO) +0.99%.
Dow stock losers Wednesday included Dupont (DD) -1.69% and Caterpillar (CAT) -0.96%.
Visa (V) rose 3% in after-hours trading after it reported Q4 adjusted EPS of $2.18, stronger than consensus of $2.10.
The Labor Department today reported initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 287,000 for the week ended Oct. 25. The four-week moving average of claims fell 250 to 281,000.
European stocks are mixed and Asian markets ended mixed.
The national average price of gasoline is down 1.3 cents at $3.010 per gallon.
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.
Disney (DIS) will report earnings on 11/6/14 after the market close.
Notable earnings reports from Wednesday include:
Visa Inc (V) reported report fourth quarter EPS of $1.72 on revenue of $3.23 billion, compared to last year’s EPS of $1.85 on revenue of $2.97 billion.
Garmin Ltd. (GRMN) reported third quarter EPS of $0.76 on revenue of $706.30 million, compared to last year’s EPS of $0.69 on revenue of $643.64 million.
Kraft Foods Group Inc (KRFT) reported third quarter EPS of $0.78 on revenue of $4.40 billion, compared to last year’s EPS of $0.65 on revenue of $4.39 billion.
Phillips 66 (PSX) reported third quarter EPS of $2.02, compared to last year’s EPS of $0.87 on revenue of $44.20 billion.
Stocks reporting earnings today include:
AmerisourceBergen Corp. (ABC) is expected to report fourth quarter EPS of $1.05 on revenue of $30.78 billion, compared to last year’s EPS of $0.79 on revenue of $24.47 billion.
Cardinal Health Inc (CAH) is expected to report first quarter EPS of $0.96 on revenue of $22.43 billion, compared to last year’s EPS of $1.10 on revenue of $24.52 billion.
ConocoPhillips (COP) is expected to report third quarter EPS of $1.20 on revenue of $13.63 billion, compared to last year’s EPS of $1.47 on revenue of $15.47 billion.
Starbucks Corporation (SBUX) is expected to report fourth quarter EPS of $0.74 on revenue of $4.23 billion, compared to last year’s EPS of $0.63 on revenue of $3.80 billion.
Today’s Featured Dow Stock
Chevron Corp. (CVX) is down -6.22% year-to-date.
Financial Calendar
0830 ET Weekly initial unemployment claims expected +2,000 to 285,000, previous +17,000 to 283,000. Weekly continuing claims expected +1,000 to 2.352 million, previous 38,000 to 2.351 million.
0830 ET Q3 GDP expected +3.0% q/q annualized, Q2 +4.6%. Q3 personal consumption expected +1.9%, Q2 +2.5%. Q3 GDP price index expected +1.4%, Q2 +2.1%, Q3 core PCE expected +1.4% q/q, Q2 +2.0% q/q.
0830 ET USDA weekly Export Sales.
0900 ET Fed Chair Janet Yellen delivers welcoming remarks to the Fed Boards National Summit on Diversity in the Economics Profession.
1300 ET Treasury auctions $29 billion 7-year T-notes.