DJIA Market Happenings For Wednesday, December 10, 2014

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include Chevron (CVX).

The Market

Premarket today, the Dow was indicated to open down -38 points.

Tuesday, the Dow closed down -51.28 (-0.29%) at 17,801.20.

Year-to-date the Dow is up +7.39%.

There were 8 Dow stock winners Tuesday.

Dow stock winners Tuesday include United Technologies (UTX) +1.72% and UnitedHealth (UNH) +1.10%.

Dow stock losers Tuesday include Verizon (VZ) -4.05% and Merck (MRK) -3.02%.

Disney (DIS) was downgraded to ‘Hold’ from ‘Buy’ at Topeka due to valuation.

Goldman Sachs (GS) was downgraded to ‘Neutral’ from ‘Positive’ at Susquehanna.

European stocks are higher and Asian markets ended mixed.

The national average price of gasoline is down 1.6 cents at $2.639 per gallon.

Earnings Reports.

Nike (NKE) will report earnings on 12/18/14 after the market close.

Notable earnings reports from Tuesday include:

AutoZone, Inc. (AZO) reported first quarter EPS of $7.27 on revenue of $2.26 billion, compared to last year’s EPS of $6.29 on revenue of $2.09 billion.

HD Supply Holdings Inc (HDS) reported third quarter EPS of $0.55 on revenue of $2.49 billion, compared to last year’s EPS of $0.38 on revenue of $2.30 billion.

UTi Worldwide Inc. (UTIW) reported a third quarter loss of $0.08 per share on revenue of $1.08 billion, compared to last year’s EPS of $0.08 on revenue of $1.15 billion.

Stocks reporting earnings today include:

Casey’s General Stores Inc (CASY) is expected to report second quarter EPS of $1.17 on revenue of $2.18 billion, compared to last year’s EPS of $1.06 on revenue of $2.02 billion.

Costco Wholesale Corporation COST) is expected to report first quarter EPS of $1.09 on revenue of $26.92 billion, compared to last year’s EPS of $0.96 on revenue of $25.02 billion.

The Men’s Wearhouse, Inc. (MW) is expected to report third quarter EPS of $0.87 on revenue of $912.43 million, compared to last year’s EPS of $0.90 on revenue of $648.89 million.

Toll Brothers Inc (TOL) is expected to report fourth quarter EPS of $0.73 on revenue of $1.34 billion, compared to last year’s EPS of $0.54 on revenue of $1.04 billion.

Today’s Featured Dow Stock

Caterpillar Inc. (CAT)

Caterpillar Inc. (CAT) is up +5.11% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -7.3% with purchase sub-index +2.5% and refi sub-index -13.4%.

1030 ET EIA Weekly Petroleum Status Report.

1200 ET USDA Dec WASDE crop production.

1300 ET Treasury auctions $21 billion 10-year T-notes.

1400 ET Nov monthly budget statement expected -$65.0 billion, Nov-2013 -$135.2 billion.

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