DJIA Market Happenings For December 4, 2014

Dow stocks at 52 week highs includes Cisco (CSCO), Intel (INTC), Travellers (TRV), Visa (V), 3M (MMM) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -45 points.

Wednesday, the Dow closed up +102.75 (+0.58%) at 17,879.55.33.07 (+0.18%) at 17,912.62.

Year-to-date the Dow is up +8.06%.

There were 17 Dow stock winners Wednesday.

Dow stock winners Wednesday include General Electric (GE) +1.27% and United Technologies (UTX) +1.19%.

Dow stock losers Wednesday include American Express (AXP) -1.88% and Wal-Mart (WMT) -1.69%.

Friday we get the Jobs Report.

Wal-Mart (WMT) was downgraded to ‘Neutral’ from ‘Buy’ at UBS.

Disney (DIS) increased its annual dividend by 29 cents or 34% to $1.15 per share.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is down 1.8 cents at $2.728 per gallon.

Earnings Reports.

There are no Dow stocks set to report earnings in the near term.

Notable earnings reports from Wednesday include:

Abercrombie & Fitch Co. (ANF) reported third quarter EPS of $0.42 on revenue of $911.50 million, compared to last year’s EPS of $0.52 on revenue of $1.03 billion.

Leidos Holdings (LDOS) reported third quarter EPS of $0.65 on revenue of $1.28 billion, compared to last year’s loss of $0.11 on revenue of $1.42 billion.

PVH Corp (PVH) reported third quarter EPS of $2.56 on revenue of $2.23 billion, compared to last year’s EPS of $2.30 on revenue of $2.26 billion.

Royal Bank Of Canada (RY) reported fourth quarter EPS of $1.59, compared to last year’s EPS of $1.31.

Stocks reporting earnings today include:

Barnes & Noble, Inc. (BKS) is expected to report second quarter EPS of $0.31 on revenue of $1.69 billion, compared to last year’s EPS of $0.15 on revenue of $1.73 billion.

Dollar General Corp. (DG) is expected to report third quarter EPS of $0.80 on revenue of $4.76 billion, compared to last year’s EPS of $0.72 on revenue of $4.38 billion.

The Kroger Co. (KR) is expected to report third quarter EPS of $0.61 on revenue of $24.83 billion, compared to last year’s EPS of $0.53 on revenue of $22.50 billion.

Sears Holdings Corp (SHLD) is expected to report a third quarter loss of $3.31 per share on revenue of $6.88 billion, compared to last year’s loss of $2.95 per share on revenue of $8.27 billion.

Today’s Featured Dow Stock

3M Co. (MMM)

3M Co. (MMM) is up +15.69% year-to-date.

Financial Calendar

0730 ET Nov Challenger job cuts, Oct +11.9% y/y.

0830 ET Weekly initial unemployment claims expected -18,000 to 295,000, previous +21,000 to 313,000. Weekly continuing claims expected +2,000 to 2.318 million, previous -17,000 to 2.316 million.

0830 ET USDA weekly Export Sales.

0830 ET Cleveland Fed President Loretta Mester gives opening remarks at the Office of Financial Research 2014 Financial Stability Conference in Washington D.C.

1100 ET Treasury announces the amount of 3-year T-notes (previous $26 billion), 10-year T-notes (previous $24 billion) and 30-year T-bonds (previous $16 billion) to be auctioned Dec 9-11.

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