DJIA Market Happenings For Thursday, July 31, 2014

Dow stocks at 52 week highs include AT&T (T), Verizon (VZ) and Exxon Mobil (XOM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -117 points.

Wednesday, the Dow closed down -31.75 (-0.19%) at 16,880.36.

Year-to-date the Dow is up +1.83%.

Dow stock winners Wednesday included Nike (NKE) +1.93% and Disney (DIS) +1.17%.

Dow stock losers Wednesday included Coca Cola (KO) -1.81% and UnitedHealth (UNH) -1.57%.

There were 11 Dow stock winners Tuesday.

Exxon Mobil (XOM) reported net income increased to $8.78 billion, or $2.05 per share, from $6.86 billion, or $1.55 per share, in the same quarter a year earlier. The average estimate was for a profit of $1.91 per share.

European stocks are lower and Asian markets ended mixed.

The national average price of gasoline is up four-tenths of a cent at $3.517 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/26/14 after the market close of $0.78/share, beating consensus for $0.76/share.

Goldman Sachs (GS) reported earnings on 7/15/14 before the market open of $4.10/share, beating consensus of $3.07/share.

Intel (INTC) reported earnings on 7/15/14 after the market close of $0.55/share, beating consensus of $0.52/share.

Johnson & Johnson (JNJ) reported earnings on 7/15/14 before the market open of $1.66/share, beating consensus of $1.54/share.

JPMorgan (JPM) reported earnings on 7/15/14 before the market open of $1.48/share, beating consensus og $1.30/share.

United Technologies (UTX) reported earnings on 7/17/14 before the market open of $1.84/share, beating consensus of $1.79/share.

IBM (IBM) reported earnings on 7/17/14 after the market close of $4.32/share, beating consensus of $4.31/share.

General Electric (GE) reported earnings on 7/18/14 before the market open of $0.39/share, meeting expectations.

Dupont (DD) reported earnings on 7/22/14 before the market open of $1.17/share, meeting expectations.

Coca Cola (KO) reported earnings on 7/22/14 before the market open of $0.64/share, beating consensus of $0.63/share.

McDonald’s (MCD) will report earnings on 7/22/14 before the market open.

Microsoft (MSFT) will report earnings on 7/22/14 after the market close.

Travelers (TRV) will report earnings on 7/22/14 before the market open.

United Technologies (UTX) will report earnings on 7/22/14 before the market open.

Verizon (VZ) will report earnings on 7/22/14 before the market open.


Boeing (BA) will report earnings on 7/23/14
before the market open.


AT&T (T) will report earnings on 7/23/14
after the market close.

Caterpillar (CAT) will report earnings on 7/24/14 before the market open.

3M (MMM) will report earnings on 7/24/14 before the market open.

Visa (V) will report earnings on 7/24/14 after the market close.

Merck (MRK) will report earnings om 7/29/14 before the market open.


Pfizer (PFE) will report earnings on 7/29/14
before the market open

American Express (AXP) will report earnings on 7/29/14 after the market close.

Exxon Mobil (XOM) will report earnings on 7/31/14 before the market open.

Chevron (CVX) will report earnings on 8/1/14 before the market open.

Procter & Gamble (PG) will report earnings on 8/1/14 before the market open.

Disney (DIS) will report earnings on 8/5/14 after the market close.

Notable earnings reports from Wednesday include:

Kraft Foods (KRFT) reported EPS of $0.80 on revenue of $4.75 billion, compared to last year’s EPS of $0.76 on revenue of $4.74 billion.

Phillips 66 (PSX) reported EPS of $1.51, compared to last year’s EPS of $1.50 on revenue of $43.24 billion.

Pilgrim’s Pride Corporation (PPC) reported EPS of $0.73 on revenue of $2.19 billion, compared to last year’s EPS of $0.74 on revenue of $2.18 billion.

WellPoint (WLP) reported EPS of $2.44 on revenue of $18.47 billion, compared to last year’s EPS of $2.60 on revenue of $17.60 billion.

Stocks reporting earnings today include:

Exxon Mobil (XOM) is expected to report EPS of $1.84 on revenue of $107.13 billion, compared to last year’s EPS of $1.55 on revenue of $106.47 billion.

Anheuser-Busch Inbev (BUD) is expected to report EPS of $1.31 on revenue of $11.93 billion, compared to last year’s EPS of $0.93 on revenue of $10.59 billion.

ConocoPhillips (COP) is expected to report EPS of $1.61 on revenue of $15.40 billion, compared to last year’s EPS of $1.41 on revenue of $14.14 billion.

McKesson (MCK) is expected to report EPS of $2.34 on revenue of $40.79 billion, compared to last year’s EPS of $2.07 on revenue of $32.21 billion.

Today’s Featured Dow Stock

American Express Co. (AXP)

American Express Co. (AXP) is up +0.20% year-to-date.

Financial Calendar

0730 ET Jul Challenger job cuts, Jun -20.2% y/y.

0830 ET Weekly initial unemployment claims expected +16,000 to 300,000, previous -19,000 to 284,000. Weekly continuing claims expected -8,000 to 2.492 million, previous -8,000 to 2.500 million.

0830 ET USDA weekly Export Sales.

0830 ET Q2 employment cost index expected +0.5%, Q1 +0.3%.

0900 ET Jul Milwaukee ISM expected +0.4 to 61.0, Jun -2.92 to 60.57.

0945 ET Jul Chicago PMI expected +0.4 to 63.0, Jun -2.9 to 62.6.

The Dow Market Happenings For Monday, July 28, 2014

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +7 points.

Friday, the Dow closed down -123.23 (-0.72%) at 16,960.57.

Year-to-date the Dow is up +2.32%. Nasdaq is up +6.5%, S&P 500 +7.0% and Russell 2000 is down -1.6%.

Last week the Dow was down -0.8%, Nasdq+0.4%, S&P 500 0.0% and Russell 2000 -0.6%.

Dow stock winners Friday included Cisco (CSCO) +0.54% and Verizon (VZ) +0.45%.

Dow stock losers Friday included Visa (V) -3.58% and American Express (AXP) -1.31%.

There were 6 Dow stock winners Friday.

McDonald’s (MCD) continues to be embroiled in a rotten meat scandal in China, with shares dropping 3.3% last week after a longtime McDonald’s meat supplier was accused of processing expired meat.

Cisco (CSCO) was downgraded to ‘Sector Perform’ from ‘Outperform’ at Pacific Crest.

Pfizer (PFE) was downgraded to ‘Market Perform’ from ‘Outperform’ at BMO Capital.

The Fed meets this week and Friday we get the Jobs Report.

Chinese data out on Monday showed that the nation’s economy may be on the upswing, as the National Bureau of Statistics reported that industrial Chinese firms’ June profits were up 17.9 percent annually and 8.9 percent since May.

European stocks are mixed and Asian markets ended higher.

The national average price of gasoline is down 2.7 cents over the weekend at $3.523 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/26/14 after the market close of $0.78/share, beating consensus for $0.76/share.

Goldman Sachs (GS) reported earnings on 7/15/14 before the market open of $4.10/share, beating consensus of $3.07/share.

Intel (INTC) reported earnings on 7/15/14 after the market close of $0.55/share, beating consensus of $0.52/share.

Johnson & Johnson (JNJ) reported earnings on 7/15/14 before the market open of $1.66/share, beating consensus of $1.54/share.

JPMorgan (JPM) reported earnings on 7/15/14 before the market open of $1.48/share, beating consensus og $1.30/share.

United Technologies (UTX) reported earnings on 7/17/14 before the market open of $1.84/share, beating consensus of $1.79/share.

IBM (IBM) reported earnings on 7/17/14 after the market close of $4.32/share, beating consensus of $4.31/share.

General Electric (GE) reported earnings on 7/18/14 before the market open of $0.39/share, meeting expectations.

Dupont (DD) reported earnings on 7/22/14 before the market open of $1.17/share, meeting expectations.

Coca Cola (KO) reported earnings on 7/22/14 before the market open of $0.64/share, beating consensus of $0.63/share.

McDonald’s (MCD) will report earnings on 7/22/14 before the market open.

Microsoft (MSFT) will report earnings on 7/22/14 after the market close.

Travelers (TRV) will report earnings on 7/22/14 before the market open.

United Technologies (UTX) will report earnings on 7/22/14 before the market open.

Verizon (VZ) will report earnings on 7/22/14 before the market open.


Boeing (BA) will report earnings on 7/23/14
before the market open.


AT&T (T) will report earnings on 7/23/14
after the market close.

Caterpillar (CAT) will report earnings on 7/24/14 before the market open.

3M (MMM) will report earnings on 7/24/14 before the market open.

Visa (V) will report earnings on 7/24/14 after the market close.

Merck (MRK) will report earnings om 7/29/14 before the market open.


Pfizer (PFE) will report earnings on 7/29/14
before the market open

American Express (AXP) will report earnings on 7/29/14 after the market close.

Exxon Mobil (XOM) will report earnings on 7/31/14 before the market open.

Chevron (CVX) will report earnings on 8/1/14 before the market open.

Procter & Gamble (PG) will report earnings on 8/1/14 before the market open.

Notable earnings reports from Friday include:

Covidien (COV) reported third quarter EPS of $1.04, compared to last year’s EPS of $0.91 on revenue of $2.58 billion.

Stanley Black & Decker (SWK) reported second quarter EPS of $1.43, compared to last year’s EPS of $1.21 on revenue of $2.87 billion.

Tyco International (TYC) reported third quarter EPS of $0.54, compared to last year’s EPS of $0.50 on revenue of $2.68 billion.

Xerox (XRX) reported second quarter EPS of $0.27, compared to last year’s EPS of $0.27 on revenue of $5.40 billion.

Stocks reporting earnings today include:

Cummins (CMI) is expected to report EPS of $2.39, compared to last year’s EPS of $2.20.

Herbalife Ltd. (HLF) is expected to report EPS of $1.57, compared to last year’s EPS of $1.41.

Tyson Foods (TSN) is expected to report EPS of $0.83, compared to last year’s EPS of $0.69.

XL Group (XL) is expected to report EPS of $0.83, compared to last year’s EPS of $0.75.

Today’s Featured Dow Stock

3M Co. (MMM)

3M Co. (MMM) is up +3.47% year-to-date.

Financial Calendar

0945 ET Jul Markit services PMI expected -0.2 to 59.8, Jun +2.9 to 61.0.
1000 ET Jun pending home sales expected +0.5% m/m and -5.2% y/y, May +6.1% m/m and -6.9% y/y.
1030 ET Jul Dallas Fed manufacturing activity expected +0.6 to 12.0, Jun +3.4 to 11.4.
1100 ET USDA weekly grain export inspections.
1300 ET Treasury auctions $29 billion of 2-year T-notes.
1600 ET USDA weekly crop progress.

DJIA Market Happenings For Friday, July 25, 2014

Dow stocks at 52 week highs includes Chevron (CVX), 3M (MMM) and Exxon Mobil (XOM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -35 points.

Thursday, the Dow closed down -2.83 (-0.02%) at 17,083.80.

Year-to-date the Dow is up +3.06%.

Visa (V) late yesterday reported fiscal Q3 EPS of $2.17, better than the consensus of $2.10.

European stocks are lower and Asian markets ended mixed.

The national average price of gasoline is down eight-tenths of a cent at $3.550 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/26/14 after the market close of $0.78/share, beating consensus for $0.76/share.

Goldman Sachs (GS) reported earnings on 7/15/14 before the market open of $4.10/share, beating consensus of $3.07/share.

Intel (INTC) reported earnings on 7/15/14 after the market close of $0.55/share, beating consensus of $0.52/share.

Johnson & Johnson (JNJ) will report earnings on 7/15/14 before the market open.

JPMorgan (JPM) will report earnings on 7/15/14 before the market open.

United Technologies (UTX) will report earnings on 7/17/14 before the market open.

IBM (IBM) will report earnings on 7/17/14 after the market close.

General Electric (GE) will report earnings on 7/18/14 before the market open.

Dupont (DD) will report earnings on 7/22/14 before the market open.

Coca Cola (KO) will report earnings on 7/22/14 before the market open.

McDonald’s (MCD) will report earnings on 7/22/14 before the market open.

Microsoft (MSFT) will report earnings on 7/22/14 after the market close.

Travelers (TRV) will report earnings on 7/22/14 before the market open.

United Technologies (UTX) will report earnings on 7/22/14 before the market open.

Verizon (VZ) will report earnings on 7/22/14 before the market open.


Boeing (BA) will report earnings on 7/23/14
before the market open.


AT&T (T) will report earnings on 7/23/14
after the market close.

Caterpillar (CAT) will report earnings on 7/24/14 before the market open.

3M (MMM) will report earnings on 7/24/14 before the market open.

Visa (V) will report earnings on 7/24/14 after the market close.

Merck (MRK) will report earnings om 7/29/14 before the market open.


Pfizer (PFE) will report earnings on 7/29/14
before the market open

American Express (AXP) will report earnings on 7/29/14 after the market close.

Exxon Mobil (XOM) will report earnings on 7/31/14 before the market open.

Chevron (CVX) will report earnings on 8/1/14 before the market open.

Procter & Gamble (PG) will report earnings on 8/1/14 before the market open.

Notable earnings reports from Thursday include:

Caterpillar (CAT) reported second quarter EPS of $1.69 on revenue of $14.15 billion, compared to last year’s EPS of $1.45 on revenue of $14.62 billion.

Amazon.com (AMZN) reported a second quarter loss of $0.27 on revenue of $19.34 billion, compared to last year’s EPS of $0.02 on revenue of $15.70 billion.

Ford Motor Company (F) reported second quarter EPS of $0.40 on revenue of $37.40 billion, compared to last year’s EPS of $0.45 on revenue of $36.08 billion.

General Motors Company (GM) reported second quarter EPS of $0.58 on revenue of $39.60 billion, compared to last year’s EPS of $0.84 on revenue of $39.08 billion.

Stocks reporting earnings today include:

Covidien (COV) is expected to report third quarter EPS of $1.01 on revenue of $2.69 billion, compared to last year’s EPS of $0.91 on revenue of $2.58 billion.

Stanley Black & Decker (SWK) is expected to report second quarter EPS of $1.37 on revenue of $2.94 billion, compared to last year’s EPS of $1.21 on revenue of $2.87 billion.

Tyco International (TYC) is expected to report third quarter EPS of $0.54 on revenue of $2.64 billion, compared to last year’s EPS of $0.50 on revenue of $2.68 billion.

Xerox Corporation (XRX) is expected to report second quarter EPS of $0.26 on revenue of $5.31 billion, compared to last year’s EPS of $0.27 on revenue of $5.40 billion.

Today’s Featured Dow Stock

Walt Disney Co. (DIS)

Walt Disney Co. (DIS) is up +13.61% year-to-date.

Financial Calendar

0830 ET Jun durable goods orders expected +0.5% and +0.5% ex-transportation, May -0.9% and unch ex-transportation. June non-defense capital goods orders ex-aircraft expected +0.5%, May +0.7%.

1500 ET USDA Jun Cattle on Feed.

The Dow Market Happenings For Thursday, July 24, 2014

Dow stocks at 52 week highs includes Chevron (CVX), 3M (MMM) and Exxon Mobil (XOM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +4 points.

Wednesday, the Dow closed down -26.91 (-0.16%) at 17,086.63.

Year-to-date the Dow is up +3.08%.

Dow stock winners Wednesday included Chevron (CVX) +0.98% and Exxon Mobil (XOM) +0.69%.

Dow stock losers Wednesday included Boeing (BA) -2.34% and Caterpillar (CAT) -1.53%.

Wednesday there were 10 Dow stock winners.

AT&T (T) fell 1% in after-hours trading after reporting earnings of $0.62/share, missing consensus of $0.63/share.

Caterpillar (CAT) shares fell after the construction equipment maker lowered the mid-point of its 2014 sales outlook, citing weakness in China. It also reported earnings of $1.69/share, beating consensus of $1.51/share.

3M (MMM) shares edged higher after the company reported earnings of $1.91/share that met analysts’ expectations.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down eight-tenths of a cent at $3.550 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/26/14 after the market close of $0.78/share, beating consensus for $0.76/share.

Goldman Sachs (GS) reported earnings on 7/15/14 before the market open of $4.10/share, beating consensus of $3.07/share.

Intel (INTC) reported earnings on 7/15/14 after the market close of $0.55/share, beating consensus of $0.52/share.

Johnson & Johnson (JNJ) will report earnings on 7/15/14 before the market open.

JPMorgan (JPM) will report earnings on 7/15/14 before the market open.

United Technologies (UTX) will report earnings on 7/17/14 before the market open.

IBM (IBM) will report earnings on 7/17/14 after the market close.

General Electric (GE) will report earnings on 7/18/14 before the market open.

Dupont (DD) will report earnings on 7/22/14 before the market open.

Coca Cola (KO) will report earnings on 7/22/14 before the market open.

McDonald’s (MCD) will report earnings on 7/22/14 before the market open.

Microsoft (MSFT) will report earnings on 7/22/14 after the market close.

Travelers (TRV) will report earnings on 7/22/14 before the market open.

United Technologies (UTX) will report earnings on 7/22/14 before the market open.

Verizon (VZ) will report earnings on 7/22/14 before the market open.


Boeing (BA) will report earnings on 7/23/14
before the market open.


AT&T (T) will report earnings on 7/23/14
after the market close.

Caterpillar (CAT) will report earnings on 7/24/14 before the market open.

3M (MMM) will report earnings on 7/24/14 before the market open.

Visa (V) will report earnings on 7/24/14 after the market close.

Merck (MRK) will report earnings om 7/29/14 before the market open.


Pfizer (PFE) will report earnings on 7/29/14
before the market open

American Express (AXP) will report earnings on 7/29/14 after the market close.

Exxon Mobil (XOM) will report earnings on 7/31/14 before the market open.

Chevron (CVX) will report earnings on 8/1/14 before the market open.

Procter & Gamble (PG) will report earnings on 8/1/14 before the market open.

Notable earnings reports from Wednesday include:

AT&T (T) reported second quarter EPS of $0.62 on revenue of $32.60 billion, compared to last year’s EPS of $0.67 on revenue of $32.08 billion.

Boeing Company (BA) reported second quarter EPS of $2.24 on revenue of $22.05 billion, compared to last year’s EPS of $1.67 on revenue of $21.82 billion.

Dow Chemical Company (DOW) reported second quarter EPS of $0.74 on revenue of $14.92 billion, compared to last year’s EPS of $0.64 on revenue of $14.58 billion.

Facebook (FB) reported second quarter EPS of $0.42 on revenue of $2.91 billion, compared to last year’s EPS of $0.19 on revenue of $1.81 billion.

PepsiCo (PEP) reported second quarter EPS of $1.32 on revenue of $16.89 billion, compared to last year’s EPS of $1.31 on revenue of $16.81 billion.

Stocks reporting earnings today include:

Amazon.com (NASDAQ: AMZN) is expected to report a second quarter loss of $0.15 on revenue of $19.34 billion, compared to last year’s EPS of $0.02 on revenue of $15.70 billion.

Caterpillar (NYSE: CAT) is expected to report second quarter EPS of $1.50 on revenue of $14.44 billion, compared to last year’s EPS of $1.45 on revenue of $14.62 billion.

Ford Motor Company (NYSE: F) is expected to report second quarter EPS of $0.38 on revenue of $36.13 billion, compared to last year’s EPS of $0.45 on revenue of $36.08 billion.

General Motors Company (NYSE: GM) is expected to report second quarter EPS of $0.95 on revenue of $40.63 billion, compared to last year’s EPS of $0.84 on revenue of $39.08 billion.

Today’s Featured Dow Stock

Wal-Mart Stores Inc. (WMT)

Wal-Mart Stores Inc. (WMT) is down -2.16% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +5,000 to 307,000, previous -3,000 to 302,000. Weekly continuing claims expected +3,000 to 2.510 million, previous -79,000 to 2.507 million.

0830 ET USDA weekly Export Sales.

0945 ET Preliminary Jul Markit manufacturing PMI expected +0.2 to 57.5, Jun +0.9 to 57.3.

1000 ET Jun new home sales expected -5.8% to 475,000, May +18.6% to 504,000.

1100 ET Jul Kansas City Fed manufacturing index expected unch at 6, June 6.

1100 ET Treasury announces amount of 2-year T-notes (previous $30 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $35 billion) and 7-year T-notes (previous $29 billion) to be auctioned Jul 28-30.

1300 ET Treasury auctions $15 billion 10-year TIPS.

DJIA Market Happenings For Wednesday, July 23, 2014

Dow stocks at 52 week highs includes Intel (INTC). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +16 points.

Tuesday, the Dow closed up +61.81 (+0.36%) at 17,113.54.

Year-to-date the Dow is up +3.24%.

Dow stock winners Tuesday included Intel (INTC)) +2.14% and Goldman Sachs (GS) +1.92%.

Dow stock losers Tuesday included Travellers (TRV) -3.81% and Coca Cola (KO) -2.85%.

Tuesday there were 15 Dow stock winners.

Microsoft (MSFT) reported earnings today after the close of $0.55/share, missing estimates calling for $0.60/share. Although earnings were below expectations, sales topped forecasts as its commercial cloud revenue doubled. It’s Bing ad revenue was another bright spot with 40% growth. It’s shares were near unchanged at -0.0.1% for the day. However, shares were up $0.60 in after-hours trade.

Boeing (BA)reported earnings of $2.42/share this morning, beating consensus of $2.02/share.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down seven-tenths of a cent at $3.558 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/26/14 after the market close of $0.78/share, beating consensus for $0.76/share.

Goldman Sachs (GS) reported earnings on 7/15/14 before the market open of $4.10/share, beating consensus of $3.07/share.

Intel (INTC) reported earnings on 7/15/14 after the market close of $0.55/share, beating consensus of $0.52/share.

Johnson & Johnson (JNJ) will report earnings on 7/15/14 before the market open.

JPMorgan (JPM) will report earnings on 7/15/14 before the market open.

United Technologies (UTX) will report earnings on 7/17/14 before the market open.

IBM (IBM) will report earnings on 7/17/14 after the market close.

General Electric (GE) will report earnings on 7/18/14 before the market open.

Dupont (DD) will report earnings on 7/22/14 before the market open.

Coca Cola (KO) will report earnings on 7/22/14 before the market open.

McDonald’s (MCD) will report earnings on 7/22/14 before the market open.

Microsoft (MSFT) will report earnings on 7/22/14 after the market close.

Travelers (TRV) will report earnings on 7/22/14 before the market open.

United Technologies (UTX) will report earnings on 7/22/14 before the market open.

Verizon (VZ) will report earnings on 7/22/14 before the market open.


Boeing (BA) will report earnings on 7/23/14
before the market open.


AT&T (T) will report earnings on 7/23/14
after the market close.

Caterpillar (CAT) will report earnings on 7/24/14 before the market open.

3M (MMM) will report earnings on 7/24/14 before the market open.

Visa (V) will report earnings on 7/24/14 after the market close.

Merck (MRK) will report earnings om 7/29/14 before the market open.


Pfizer (PFE) will report earnings on 7/29/14
before the market open

American Express (AXP) will report earnings on 7/29/14 after the market close.

Exxon Mobil (XOM) will report earnings on 7/31/14 before the market open.

Chevron (CVX) will report earnings on 8/1/14 before the market open.

Procter & Gamble (PG) will report earnings on 8/1/14 before the market open.

Notable earnings reports from Tuesday include:

Coca-Cola (KO) reported second quarter EPS of $0.64 on revenue of $12.57 billion, compared to last year’s EPS of $0.63 on revenue of $12.75 billion.

McDonald’s (MCD) reported second quarter EPS of $1.40 on revenue of $7.18 billion, compared to last year’s EPS of $1.38 on revenue of $7.08 billion.

Microsoft (MSFT) reported fourth quarter EPS of $0.55 on revenue of $23.38 billion, compared to last year’s EPS of $0.66 on revenue of $19.93 billion.

Verizon Communications (VZ) reported second quarter EPS of $0.91 on revenue of $31.50 billion, compared to last year’s EPS of $0.73 on revenue of $29.79 billion.

Apple (AAPL) reported third quarter EPS of $1.28 on revenue of $37.43 billion, compared to last year’s EPS of $1.07 on revenue of $35.32 billion.

Stocks reporting earnings today include:

AT&T (T) is expected to report second quarter EPS of $0.65 on revenue of $33.36 billion, compared to last year’s EPS of $0.67 on revenue of $32.08 billion.

Boeing Company (BA) is expected to report second quarter EPS of $1.99 on revenue of $22.44 billion, compared to last year’s EPS of $1.67 on revenue of $21.82 billion.

Dow Chemical Company (DOW) is expected to report second quarter EPS of $0.74 on revenue of $14.85 billion, compared to last year’s EPS of $0.64 on revenue of $14.58 billion.

PepsiCo (PEP) is expected to report second quarter EPS of $1.23 on revenue of $16.79 billion, compared to last year’s EPS of $1.31 on revenue of $16.81 billion.

Today’s Featured Dow Stock

Visa Inc. (V)

Visa Inc. (V) is down -0.64% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -3.6% with purchase sub-index -7.6% and refi sub-index -0.1%.

1030 ET EIA Weekly Petroleum Status Report.