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TheStreet Open House

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), up 22%, followed by Intel (INTC), 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.

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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.

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