DJIA Market Happenings For Wednesday, November 19, 2014

Dow stocks at 52 week highs include Cisco (CSCO), 3M (MMM), Nike (NKE), UnitedHealth (UNH) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -6 points.

Tuesday, the Dow closed up +40.07 (+0.23%) at 17,687.82.

Year-to-date the Dow is up +6.70%.

There were 20 Dow stock winners Tuesday.

Dow stock winners Tuesday included UnitedHealth (UNH) +1.78% and Boeing (BA) +1.74%.

Dow stock losers Tuesday included Home Depot (HD) -2.09% and Microsoft (MSFT) -1.46%.

European stocks are mostly higher and Asian markets ended mostly lower.

The national average price of gasoline is down 1.2 cent at $2.863 per gallon.

Earnings Reports.

Home Depot (HD) will report earnings on 11/18/14 before the market open.

Notable earnings reports from Tuesday include:

Home Depot, Inc. (HD) reported third quarter EPS of $1.15 on revenue of $20.52 billion, compared to last year’s EPS of $0.95 on revenue of $19.47 billion.

Dick’s Sporting Goods Inc. (DKS) reported third quarter EPS of $0.41 on revenue of $1.53 billion, compared to last year’s EPS of $0.40 on revenue of $1.40 billion.

Medtronic, Inc. (MDT) reported second quarter EPS of $0.96 on revenue of $4.37 billion, compared to last year’s EPS of $0.91 on revenue of $4.19 billion.

PetSmart, Inc. (ETM) reported third quarter EPS of $1.02 on revenue of $1.74 billion, compared to last year’s EPS of $0.88 on revenue of $1.70 billion.

Stocks reporting earnings today include:

Lowe’s Companies, Inc. (LOW) is expected to report third quarter EPS of $0.58 on revenue of $13.54 billion, compared to last year’s EPS of $0.47 on revenue of $12.96 billion.

Salesforce.com Inc. (CRM) is expected to report third quarter EPS of $0.13 on revenue of $1.37 billion, compared to last year’s EPS of $0.09 on revenue of $1.08 billion.

Staples, Inc. (SPLS) is expected to report third quarter EPS of $0.36 on revenue of $5.93 billion, compared to last year’s EPS of $0.42 on revenue of $6.11 billion.

Target Corporation (TGT) is expected to report third quarter EPS of $0.48 on revenue of $17.56 billion, compared to last year’s EPS of $0.56 on revenue of $17.26 billion.

Today’s Featured Dow Stock

Nike Inc. (NKE)

Nike Inc. (NKE) is up +22.67% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -0.9% with purchase sub-index +1.1% and refi sub-index -1.9%.

0830 ET Oct housing starts expected +0.8% to 1.025 million, Sep +6.3% to 1.017 million. Oct building permits expected +0.9% to 1.040 million, Sep +2.8% to 1.031 million.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET Minutes of the Oct 28-29 FOMC meeting.

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