Dow stocks at 52 week highs includes Disney (DIS), Procter & Gamble (PG), Visa (V) and UnitedHealth (UNH). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open up +35 points.
Monday, the Dow closed down -51.44 (-0.29%) at 17,776.80.
Year-to-date the Dow is up +7.24%.
There were 7 Dow stock winners Monday.
Dow stock winners Monday included Chevron (CVX) +2.63% and Exxon Mobil (XOM) +2.00%.
Dow stock losers Monday included General Electric (GE) -1.77% and Nike (NKE) -1.61%.
Travelers (TRV) was downgraded to ‘Neutral’ from ‘Buy’ at BofA/Merrill Lynch.
Walmart (WMT) announced that Cyber Monday was the biggest online day in its history for orders.
Wal-Mart Stores, Inc. (WMT) today released a statement announcing its plans to cut back in China in order to counter balance its falling sales within the country. The discount retailer is planning to reduce its workforce by cutting 250 jobs and restructuring its management team. Additionally, Wal-Mart is planning to invest $9.7 million in order to open nine new stores and a distribution center in China, as well as building a shopping mall in Zhuhai.
European stocks are higher and Asian markets ended higher.
The national average price of gasoline is down nine-tenths of a cent at $2.760 per gallon.
Earnings Reports.
There are no Dow stocks set to report earnings in the near term.
Notable earnings reports from Monday include:
Shoe Carnival, Inc. (SCVL) reported third quarter EPS of $0.54 on revenue of $254.70 million, compared to last year’s EPS of $0.54 on revenue of $235.77 million.
Thor Industries, Inc. (THO) reported first quarter EPS of $0.73 on revenue of $922.00 million, compared to last year’s EPS of $0.68 on revenue of $799.96 million.
Stocks reporting earnings today include:
Bob Evans Farms Inc. (BOBE)is expected to report second quarter EPS of $0.33 on revenue of $343.76 million, compared to last year’s EPS of $0.35 on revenue of $332.60 million.
Bank of Montreal (USA) (BMO) is expected to report fourth quarter EPS of $1.68 on revenue of $4.34 billion, compared to last year’s EPS of $1.64 on revenue of $4.19 billion.
OmniVision Technologies, Inc. (OVTI) is expected to report second quarter EPS of $0.51 on revenue of $377.90 million, compared to last year’s EPS of $0.60 on revenue of $397.25 million.
Today’s Featured Dow Stock
Visa Inc. (V) is up +15.93% year-to-date.
Financial Calendar
0810 ET Fed Vice Chairman Stanley Fischer speaks on a panel discussion at the 2014 Wall Street Journal CEO Council Annual Meeting.
0945 ET Nov ISM New York expected +0.2 to 55.0, Oct -8.9 to 54.8.
1000 ET Oct construction spending expected +0.6% m/m, Sep -0.4% m/m.
n/a Nov total vehicle sales expected 16.58 million, Oct 16.35 million. Nov domestic vehicle sales expected 13.30 million, Oct 13.12 million.