This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Caterpillar, Intel Have Led the Dow 30 Higher as Earnings Begin

NEW YORK (TheStreet) -- Quarterly earnings for the stocks in the Dow Jones Industrial Average began when Nike (NKE) reported its latest results on June 26. Nike earned 78 cents per share, beating analysts estimates by 2 cents. I guess we can thank the World Cup.

The biggest year-to-date gainers are Caterpillar (CAT - Get Report), up 22%, followed by Intel (INTC - Get Report), up 20%. There are 10 year-to-date losers, with Boeing (BA) providing a drag of 5.8%.

The Dow Jones Industrial Average set a record intraday high at 17,074.65 on July 3, and today I provide a Dow 30 Scorecard and include analysts earnings per share estimates, the date each company reports and whether or not the report is before the open or after the close.

Too Big to Fail Banks Arent Too Big to Jail

July 7 Premarket Briefing: 10 Things You Should Know

Stock Market Today: Dow Closes Above 17,000 on Healthy Jobs Growth

European and Asian Stocks Drift Lower

The first "Crunching the Numbers" table below shows that 22 of the Dow 30 are above all five key moving averages. I show that 13 stocks have overbought 12x3x3 weekly stochastics, eight have rising readings and eight have declining readings. International Business Machines (IBM) has an oversold reading that should begin to rise this week as last week's close was above its five-week modified moving average at $185.45.

Only five Dow components ended last week below their five-week MMAs: Boeing below $130.88, Du Pont (DD) below $67.19, McDonalds (MCD) below $101.17, United Technologies (UTX) below $116.54 and Walmart (WMT) below $76.17.

The second "Crunching the Numbers" table shows that July 15 is the next day for Dow earnings. Goldman Sachs (GS), Johnson & Johnson (JNJ) and JPMorgan Chase (JPM) report before the opening bell and Intel after the closing bell.

The last Dow stock to report is Home Depot (HD), which does not release its quarterly earnings until before the opening bell on Aug. 19. Following this report I will publish the next Dow 30 Scorecard tracking the winners and losers since July 3.

On June 2, I wrote, "7 Stocks That Will Lift the Dow Jones Industrial Average to New High," and here are fresh profiles for these seven Dow stocks.

Du Pont ($65.80) proved to be a drag, down 5% since May 30 after setting a multiyear intraday high at $69.75 on June 9. The weekly chart is negative with its five-week modified moving average at $67.19. An annual value level is $53.11 with quarterly and semiannual risky levels at $67.23 and $69.18, respectively.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
CAT $84.60 0.00%
INTC $32.08 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs