The Dow Market Happenings For Wednesday, January 21, 2015

Dow stocks at 52 week highs include UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -66 points.

Tuesday, the Dow closed up +3.66 (+0.02%) at 17,515.23.

Year-to-date the Dow is down -1.73%.

There were 15 Dow stocks up Tuesday.

The top Dow stock winners Tuesday included Coca Cola (KO) +1.48% and American Express (AXP) +1.42%.

Dow stock losers Tuesday were led by Johnson & Johnson (JNJ) -2.64% and Intel (INTC) -0.99%.

International Business Machines Corp. (IBM) reported earnings Tuesday afternoon, with a beat on earnings and a miss on revenues. Earnings per share came in at $5.81 versus an expected EPS of $5.41, marking the first earnings beat in six quarters for IBM. Revenues however fell short of estimates at $24.11 billion versus expectations of $24.77 billion. IBM also lowered guidance on fiscal 2015 EPS to $15.75-$16.50, below consensus of $16.53.

Exxon Mobil (XOM) was upgraded to ‘Outperform’ from ‘Market Perform’ at Wells Fargo.

Wal-Mart (WMT) was downgraded to ‘Equal Weight’ from ‘Overweight’ at Morgan Stanley.

UnitedHealth Group (UNH) reported Q4 EPS of $1.55, better than consensus of $1.50

European stocks are mostly lower and Asian markets ended mixed.

The national average price of gasoline is down six-tenths of a cent at $2.048 per gallon.

Earnings Reports.

JPMorgan (JPM) will report earnings on 1/14/2015 before the market open.

American Express (AXP) is expected to report earnings on 1/15/2015 after the market close.

Intel (INTC) will report earnings on 1/15/2015 after the market close.

Caterpillar (CAT) is expected to report earnings on 1/27/2015 before the market open.

Dupont (DD) will report earnings on 1/27/2015 before the market open.

General Electric (GE) will report earnings on 1/23/2015 before the market open.

Goldman Sachs (GS) will report earnings on 1/16/2015 before the market open.

International Business Machines (IBM) is expected to report earnings on 1/20/2015 after the market close.

Johnson & Johnson will report earnings on 1/20/2015 before the market open.

McDonald’s (MCD) will report earnings on 1/23/2015 before the market open.

3M (MMM) will report earnings on 1/27/2015 before the market open.

Microsoft (MSFT) will report earnings on 1/26/2015 after the market close.

Pfizer (PFE) will report earnings on 1/27/2015 before the market open.

Procter & Gamble (PG) is expected to report earnings on 1/27/2015 before the market open.

AT&T (T) will report earnings on 1/27/2015 after the market close.

Travelers (TRV) will report earnings on 1/22/2015 before the market open.

UnitedHealth (UNH) will report earnings on 1/21/2015 before the market open.

United Technologies (UTX) is expected to report earnings on 1/21/2015 before the market open.

Verizon (VZ) will report earnings on 1/22/2015 before the market open.

Today’s Featured Dow Stock

American Express Co. (AXP)

American Express Co. (AXP) is down -6.21% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +49.1% with purchase sub-index +23.6% and refi sub-index +66.4%.

0830 ET Dec housing starts expected +1.2% to 1.040 million, Nov -1.7% to 1.028 million. Dec building permits expected +0.8% to 1.060 million, Nov -3.7% to 1.052 million.

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