Dow stocks at 52 week highs include Nike (NKE) and Procter & Gamble (PG). There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open up +6 points.
Wednesday, the Dow closed down -2.70 (-0.02%) at 17,612.20.
Year-to-date the Dow is up +6.25%.
There were 17 Dow stock winners Wednesday.
Dow stock winners Wednesday included Visa (V) +1.08% and Nike (NKE) +0.98%.
Dow stock losers Wednesday included JPMorgan (JPM) -1.32% and Exxon Mobil (XOM) -1.07%.
Cisco (CSCO) reported Q1 adjusted EPS of 54 cents, better than consensus of 53 cents.
Wal-Mart (WMT) shares are up in premarket trading after it reported Q3 EPS of $1.15, better than consensus of $1.12.
New claims for unemployment benefits rose more than expected last week but remained near a 14-year low. Initial claims for state unemployment benefits rose 12,000 to 290,000 for the week ended Nov. 8. Economists had forecast a smaller increase. Claims have now been below 300,000 for nine straight weeks, and in October hit their lowest level since 2000 at 266,000.
Procter & Gamble (PG) is selling Duracell to Warren Buffet’s Berkshire Hathaway in a $3 billion deal.
European stocks are higher and Asian markets ended mostly lower.
The national average price of gasoline is down six-tenths of a cent at $2.917 per gallon. Costco here in Gig Harbor is still at $2.82 per gallon.
Cisco (CSCO) will report earnings on 11/12/14 after the market close.
Wal-Mart (WMT) will report earnings on 11/13/14 before the market open.
Home Depot (HD) will report earnings on 11/18/14 before the market open.
Notable earnings reports from Wednesday include:
Cisco Systems, Inc. (CSCO) reported first quarter EPS of $0.54 on revenue of $12.20 billion, compared to last yearâ€™s EPS of $0.53 on revenue of $12.08 billion.
J C Penney Company Inc (JCP) reported a third quarter loss of $0.77 per share on revenue of $2.76 billion, compared to last yearâ€™s loss of $1.85 per share on revenue of $2.78 billion.
Macyâ€™s, Inc. (M) reported third quarter EPS of $0.61 on revenue of $6.20 billion, compared to last yearâ€™s EPS of $0.47 on revenue of $6.28 billion.
Pinnacle Foods Inc (PF) reported third quarter EPS of $0.41 on revenue of $624.00 million, compared to last yearâ€™s EPS of $0.36 on revenue of $572.46 million.
Stocks reporting earnings today include:
Wal-Mart Stores, Inc. (WMT) is expected to report third quarter EPS of $1.12 on revenue of $118.40 billion, compared to last yearâ€™s EPS of $1.14 on revenue of $115.69 billion.
Kohlâ€™s Corporation (KSS) is expected to report third quarter EPS of $0.75 on revenue of $4.41 billion, compared to last yearâ€™s EPS of $0.81 on revenue of $4.44 billion.
Nordstrom, Inc. (JWN) is expected to report third quarter EPS of $0.71 on revenue of $3.10 billion, compared to last yearâ€™s EPS of $0.69 on revenue of $2.88 billion.
Viacom, Inc. (VIA) is expected to report fourth quarter EPS of $1.68 on revenue of $3.90 billion, compared to last yearâ€™s EPS of $1.55 on revenue of $3.65 billion.
Today’s Featured Dow Stock
JPMorgan Chase and Co (JPM) is up +3.56% year-to-date.
0330 ET New York Fed President William Dudley delivers prepared remarks at the Central Bank of the United Arab Emirates in Abu Dhabi.
0830 ET Weekly initial unemployment claims expected +2,000 to 280,000, previous -10,000 to 278,000. Weekly continuing claims expected -1,000 to 2.347 million, previous -39,000 to 2.348 million.
1000 ET Sep JOLTS job openings expected 4.800 million, Aug 4.835 million.
1100 ET EIA Weekly Petroleum Status Report.
1100 ET Treasury announces amount of 10-year TIPS to be auctioned Nov 20.
1230 ET Philadelphia Fed President Charles Plosser participates in a panel discussion at a conference called The Federal Reserve and Monetary Policy: Traditional and New Tools on What is the New Normal?
1300 ET Treasury auctions $16 billion of 30-year T-bonds.
1400 ET Oct monthly budget statement expected -$114.0 billion, Sep +$105.81 billion.
1530 ET Minneapolis Fed President Narayana Kocherlakota gives an update on monetary policy and speaks on the Bakken oil boom at Stanford University.