Dow stocks at 52 week highs includes Home Depot (HD), Coca Cola (KO), Travelers (TRV), UnitedHealth (UNH), Nike (NKE), Procter & Gamble (PG), Disney (DIS), Wal-Mart (WMT), Cisco (CSCO), Intel (INTC) and Visa (V). I think this is the largest list of new 52 week highs this year. The eleven stock average gain is +17.87%. Of course, there are no Dow stock 52 week lows.
The Market
Welcome to Cyber Monday. Only 24 shopping days until Christmas!
Premarket today, the Dow was indicated to open down -62 points.
Friday, the Dow closed up +0.49 (+0.00%) at 17,828.24.
Year-to-date the Dow is up +7.55%. Nasdaq is up +14.7%, S&P 500 +11.9% and Russell 2000 +0.8%.
Lastweek the Dow was up +0.1%, Nasdaq +1.7%, S&P 500 +0.2% and Russell 2000 +0.1%.
There were 22 Dow stock winners Friday.
Dow stock winners Friday included Wal-Mart (WMT) +3.01% and Procter & Gamble (PG) +1.74%.
Dow stock losers Friday included Chevron (CVX) -5.42%, Caterpillar (CAT) -4.91% and Exxon Mobil (XOM) -4.17%.
Retail sales during the shopping weekend following Thanksgiving fell by 11 percent according to the National Retail Federation. Shoppers average spend was lower, down to $380.95 from $407.02 in 2013.
Exxon Mobile (XOM) and Schlumberger (SLM) both fell 1.3% in premarket trading after the price of crude oil slid to a 4-1/3 year low.
Oil prices plunged to their lowest level in five years Monday with crude oil collapsing below $65 per barrel.
Past Dow stock Alcoa (AA) was upgraded to ‘Buy’ from ‘Neutral’ at Citigroup.
European stocks are lower and Asian markets ended mostly lower.
The national average price of gasoline is down 2.3 cents over the weekend at $2.769 per gallon.
Earnings Reports.
There are no Dow stocks set to report earnings in the near term.
Notable earnings reports from Friday include:
There were no notable earnings reports Friday.
Stocks reporting earnings today include:
Shoe Carnival, Inc. (SCVL) is expected to report third quarter EPS of $0.48 on revenue of $248.83 million, compared to last year’s EPS of $0.54 on revenue of $235.77 million.
Thor Industries, Inc. (THO) is expected to report first quarter EPS of $0.81 on revenue of $903.87 million, compared to last year’s EPS of $0.68 on revenue of $799.96 million.
Today’s Featured Dow Stock
Verizon Communications Inc. (VZ)
Verizon Communications Inc. (VZ) is up +2.95% year-to-date.
Financial Calendar
0945 ET Revised Nov Markit manufacturing PMI expected +0.3 to 55.0, previous -1.2 to 54.7.
1000 ET Nov ISM manufacturing index expected -1.0 to 58.0, Oct +2.4 to 59.0. Nov ISM new orders sub-index, Oct +5.8 to 65.8. Nov ISM employment sub-index, Oct +0.9 to 55.5. Nov ISM prices paid sub-index expected -1.0 to 52.5, Oct -6.0 to 53.5.
1100 ET USDA weekly grain export inspections.
1215 ET New York Fed President William Dudley speaks on the economic outlook at Bernard M. Baruch College.
1300 ET Fed Vice Chairman Stanley Fischer speaks on the Feds role in the global economy at a symposium commemorating the 100th anniversary of the Fed.
1600 ET USDA weekly crop progress.