DJIA Market Happenings For Friday, December 19, 2014

Dow stocks at 52 week highs include Procter & Gamble (PG), 3M (MMM) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +33 points.

Thursday, the Dow closed up +421.28 (+2.43%) at 17,778.15.

Year-to-date the Dow is up +7.25%.

All 30 Dow stocks were again up Thursday.

Dow stock winners Thursday were led by Microsoft (MSFT) +3.89% and International Business Machines (IBM +3.78%.

Nike (NKE) reported Q2 EPS of 74 cents, stronger than consensus of 70 cents.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down 2.3 cents at $2.454 per gallon. The Gig Harbor Costco is at $2.34 per gallon and I heard of gas station on the east side of Washington State at $1.93 per gallon. Now that’s amazing!

Earnings Reports.

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

Notable earnings reports from Thursday include:

Nike Inc (NKE) reported second quarter EPS of $0.74 on revenue of $7.40 billion, compared to last year’s EPS of $0.59 on revenue of $6.43 billion.

Accenture plc (ACN) reported first quarter EPS of $1.29 on revenue of $7.90 billion, compared to last year’s EPS of $1.15 on revenue of $7.36 billion.

ConAgra Foods, Inc. (CAG) reported second quarter EPS of $0.61 on revenue of $4.15 billion, compared to last year’s EPS of $0.62 on revenue of $4.71 billion.

Rite Aid Corporation (RAD) reported third quarter EPS of $0.10 on revenue of $6.69 billion, compared to last year’s EPS of $0.04 on revenue of $6.36 billion.

Stocks reporting earnings today include:

BlackBerry Ltd (BBRY) reported a third quarter gain of $0.01 on revenue of $793 million, compared to last year’s loss of $0.67 on revenue of $1.19 billion.

Carnival Corporation (CCL) is expected to report fourth quarter EPS of $0.20 on revenue of $3.81 billion, compared to last year’s EPS of $0.04 on revenue of $3.61 billion.

CarMax, Inc. (KMX) is expected to report third quarter EPS of $0.54 on revenue of $3.26 billion, compared to last year’s EPS of $0.47 on revenue of $2.94 billion.

Paychex, Inc. (PAYX) is expected to report second quarter EPS of $0.46 on revenue of $673.9 million, compared to last year’s EPS of $0.43 on revenue of $610.50 million.

Today’s Featured Dow Stock

General Electric Co. (GE)

General Electric Co. (GE) is down -10.31% year-to-date.

Financial Calendar

1000 ET Chicago Fed President Charles Evans delivers opening remarks at a Chicago Fed-hosted conference on regional competitiveness.

1100 ET Dec Kansas City Fed manufacturing activity expected unch at 7.

1230 ET Richmond Fed President Jeffrey Lacker speaks on the economic outlook as part of the Charlotte Chambers economic outlook conference.

1500 ET USDA Nov Cattle on Feed.

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