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.

The Dow Market Happenings For Thursday, December 18, 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 +220 points.

Wednesday, the Dow closed up +288.00 (+1.69%) at 17,356.87.

Year-to-date the Dow is up +4.71%.

All 30 Dow stocks were up Wednesday.

Dow stock winners Wednesday were led by Chevron (CVX) +4.25% and UnitedHealth (UNH) +3.43%.

Amid falling crude prices, Chevron Corporation (CVX) announced that it was putting a drilling project in the Beaufort Sea on hold indefinitely. The company cited “economic uncertainty in the industry” as its reason for suspending the project, noting that projects in the arctic have the highest drilling costs in the world. With crude prices sliding below $60, the company is unsure that those costs would be covered.

Exxon-Mobile (XOM) climbed over 2% in premarket trading as crude oil rose over +$1.00 a barrel.

European stocks are higher and Asian markets ended mixed.

The national average price of gasoline is down 2.8 cents at $2.477 per gallon.

Earnings Reports.

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

Notable earnings reports from Wednesday include:

FedEx Corporation (FDX) reported second quarter EPS of $2.14 on revenue of $11.90 billion, compared to last year’s EPS of $1.57 on revenue of $11.40 billion.

General Mills, Inc. (GIS) reported second quarter EPS of $0.80 on revenue of $4.71 billion, compared to last year’s EPS of $0.83 on revenue of $4.88 billion.

Joy Global Inc. (JOY) reported fourth quarter EPS of $1.25 on revenue of $1.13 billion, compared to last year’s EPS of $1.11 on revenue of $1.18 billion.

Oracle Corporation (ORCL) reported second quarter EPS of $0.69 on revenue of $9.60 billion, compared to last year’s EPS of $0.69 on revenue of $9.28 billion.

Stocks reporting earnings today include:

Accenture plc. (ACN) is expected to report first quarter EPS of $1.20 on revenue of $7.7 billion, compared to last year’s EPS of $1.15 on revenue of $7.36 billion.

ConAgra Foods, Inc. (CAG) is expected to report second quarter EPS of $0.61 on revenue of $4.20 billion, compared to last year’s EPS of $0.62 on revenue of $4.71 billion.

Nike, Inc. (NKE) is expected to report second quarter EPS of $0.70 on revenue of $7.15 billion, compared to last year’s EPS of $0.59 on revenue of $6.43 billion.

Rite Aid Corporation (RAD) is expected to report third quarter EPS of $0.05 on revenue of $6.65 billion, compared to last year’s EPS of $0.04 on revenue of $6.36 billion.

Today’s Featured Dow Stock

Exxon Mobil Corp. (XOM)

Exxon Mobil Corp. (XOM) is down -12.04% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +1,000 to 295,000, previous -3,000 to 294,000. Weekly continuing claims expected -79,000 to 2.435 million, previous +132,000 to 2.514 million.

0830 ET USDA weekly Export Sales.

0945 ET Preliminary Dec Markit U.S. services PMI expected +0.1 to 56.3, Nov -0.9 to 56.2.

1000 ET Nov leading indicators expected +0.5%, Oct +0.9%.

1000 ET Dec Philadelphia Fed business outlook expected -14.8 to 26.0, Nov +20.1 to 40.8.

1100 ET Treasury announces amount of 2-year T-notes (previous $28 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 Dec 22-26.

1300 ET Treasury auctions $16 billion of 5-year TIPS.

The Dow Market Happenings For Wednesday, December 17, 2014

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

The Market

Premarket today, the Dow was indicated to open up +64 points.

Tuesday, the Dow closed down -111.97 (-0.65%) at 17,068.87.

Year-to-date the Dow is up +2.97%.

There were 7 Dow stock winners Tuesday.

Dow stock winners Tuesday include Boeing (BA) +1.78% and 3M (MMM) +1.40%.

Dow stock losers Tuesday included International Microsoft (MSFT) -3.24% and Home Depot (HD) -2.99%.

Wednesday, the Federal Reserve will wrap up its two-day policy meeting, with investors eager to see whether or not the bank has made any changes to its policy statement. The bank is largely expected to be more hawkish, with most expecting to see a change to the policy statement that will suggest an interest rate hike is coming soon. Investors will also be keeping an eye on the bank’s forecasts for economic growth, as plunging oil prices have complicated the U.S. economy’s outlook.

JPMorgan Chase keeps an ‘Overweight’ rating on CVS Health (CVS) and raises the price target on the stock to $108 from $92.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down 2.1 cents at $2.505 per gallon. We are $0.72 lower than a year ago.

Earnings Reports.

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

Notable earnings reports from Tuesday include:

Darden Restaurants, Inc. (DRI) reported second quarter EPS of $0.28 on revenue of $1.56 billion, compared to last year’s EPS of $0.15 on revenue of $2.05 billion.

Navistar International Corp (NAV) reported a fourth quarter loss of $0.88 on revenue of $3.01 billion, compared to last year’s loss of $1.90 on revenue of $2.75 billion.

Stocks reporting earnings today include:

FedEx Corporation (FDX) reported second quarter EPS of $2.14 on revenue of $11.98 billion, compared to last year’s EPS of $1.57 on revenue of $11.40 billion.

General Mills, Inc. (S) reported second quarter EPS of $0.80 on revenue of $4.71 billion, compared to last year’s EPS of $0.83 on revenue of $4.88 billion.

Joy Global Inc. (JOY) reported fourth quarter EPS of $1.25 on revenue of $1.13 billion, compared to last year’s EPS of $1.11 on revenue of $1.18 billion.

Oracle Corporation (ORCL) is expected to report second quarter EPS of $0.68 on revenue of $9.52 billion, compared to last year’s EPS of $0.69 on revenue of $9.28 billion.

Today’s Featured Dow Stock

E I du Pont de Nemours and Co. (DD)

E I du Pont de Nemours and Co. (DD) is up +5.62% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +7.3% with purchase sub-index +1.3% and refi sub-index +13.2%.

0830 ET Nov CPI expected -0.1% m/m and +1.4% y/y, Oct unch m/m and +1.7% y/y. Nov CPI ex food & energy expected +0.1% m/m and +1.8% y/y, Oct +0.2% m/m and +1.8% y/y.

0830 ET Q3 current account balance expected -$97.5 billion, Q2 -$98.5 billion.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET FOMC announces interest rate decision and issues updated economic projections.

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.

The Dow Market Happenings For Monday, December 15, 2014

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

The Market

Premarket today, the Dow was indicated to open up +87 points.

Friday, the Dow closed down -315.51 (-1.79%) at 17,280.83.

Year-to-date the Dow is up +4.25%. Nasdaq is up +11.4%, S&P 500 +8.3% and Russell 2000 is down -1.00%.

Last week the Dow lost -3.8%, Nasdaq -2.7%, S&P 500 -3.5% and Russell 2000 -2.5%.

There were no Dow stock winners Friday.

This is the last full trading week of 2014.

The largest Dow stock losers Friday included International Business Machines (IBM) -3.53%, Dupont (DD)-3.18%, Exxon Mobil (XOM) -2.91% and Merck (MRK) -2.73%.

The UAE energy minister said that OPEC will stand by its decision not to cut oil output even if crude prices fall as low as $40 a barrel and will wait at least three months before considering an emergency meeting.

Exxon Mobil (XOM) was upgraded to ‘Market Perform’ from ‘Underperform’ at BMO Capital.

European stocks are lmostly higher and Asian markets ended mixed.

The national average price of gasoline over the weekend is down 4.5 cents at $2.545 per gallon.

Earnings Reports.

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

Notable earnings reports from Friday include:

There were no notable earnings reports.

Stocks reporting earnings today include:

CarMax, Inc. (KMX) is expected to report third quarter EPS of $0.54 on revenue of $3.25 billion, compared to last year’s EPS of $0.47 on revenue of $2.94 billion.

Verifone Systems Inc. (PAY) is expected to report fourth quarter EPS of $0.41 on revenue of $483.42 million, compared to last year’s EPS of $0.27 on revenue of $432.30 million.

Today’s Featured Dow Stock

The Coca-Cola Co. (KO)

The Coca-Cola Co. (KO) is down -0.97% year-to-date.

Financial Calendar

0830 ET Dec Empire manufacturing index expected +1.84 to 12.00, Nov +3.99 to 10.16.

0915 ET Nov industrial production expected +0.7%, Oct -0.1% m/m. Nov capacity utilization expected +0.5 to 79.4%, Oct -0.3 to 78.9%.

1000 ET Dec NAHB housing market index expected +1 to 59, Nov +4 to 58.

1100 ET USDA weekly grain export inspections.