DJIA Market Happenings For Tuesday, December 16, 2014

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include McDonald’s (MCD), Exxon Mobil (XOM), Verizon (VZ), Chevron (CVX) and International Business Machines (IBM)..

The Market

Premarket today, the Dow was indicated to open down -56 points.

Monday, the Dow closed down -99.99 (-0.58%) at 17,180.84.

Year-to-date the Dow is up +3.64%.

There were 5 Dow stock winners Monday.

Dow stock winners Monday include Boeing (BA) +1.08% and Exxon Mobil (XOM) +0.35%.

Dow stock losers Monday included International McDonald’s (MCD) -2.38% and Goldman Sachs (GS) -1.74%.

Boeing (BA) climbed 2.7% in premarket trading after it raised its dividend 25% and authorized a $12 billion share repurchase plan.

Goldman Sachs (GS) was initiated with a ‘Buy’ at Guggenheim with a price target of $215.

Microsoft (MSFT) was downgraded to ‘Underperform’ from ‘Neutral’ at BofA/Merrill Lynch.

European stocks are mixed and Asian markets ended mostly lower.

The national average price of gasoline is down 1.9 cents at $2.526 per gallon.

Earnings Reports.

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

Notable earnings reports from Monday include:

Verifone Systems Inc (PAY) reported fourth quarter EPS of $0.44 on revenue of $491.00 million, compared to last year’s EPS of $0.27 on revenue of $432.30 million.

Stocks reporting earnings today include:

Darden Restuaurants, Inc. (DRI) is expected to report second quarter EPS of $0.27 on revenue of $1.55 billion, compared to last year’s EPS of $0.15 on revenue of $2.05 billion.

Navistar International Corp (NAV) reported fourth quarter EPS loss of $0.88 on revenue of $3 billion, compared to last year’s loss of $1.90 on revenue of $2.75 billion.

Today’s Featured Dow Stock

Walt Disney Co. (DIS)

Walt Disney Co. (DIS) is up +18.98% year-to-date.

Financial Calendar

0830 ET Nov housing starts expected +3.1% to 1.040 million, Oct -2.8% m/m to 1.009 million. Nov building permits expected -2.5% to 1.065 million, Oct +5.9% to 1.092 million.

0945 ET Preliminary Dec U.S. Markit manufacturing PMI expected +0.7 to 55.5, Nov -1.1 to 54.8.

1030 ET FOMC begins 2-day policy meeting.

Both comments and pings are currently closed.

Comments are closed.