DJIA Week in Review: Exxon Mobil Reacts to Energy News, McDonald’s Earnings

Monday

Bank of America Corporation (NYSE:BAC): Bank of America is up 31% year to date. Evercore attributes this rise to increased security about the bank’s capital position. A $25 billion settlement between the major banks and the state governments hinges on whether California and New York will participate or not.

Intel Corporation (NASDAQ:INTC) is buying the InfiniBand adapter card from QLogic for 125 million dollars. This continues to improve Intel’s network offerings.

Hewlett-Packard Company Common (NYSE:HPQ): While much of the tech sector is down today, Hewlett Packard is bucking the trend with a general demand for tech bellwethers.

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Tuesday

The Travelers Companies (NYSE:TRV): The Q4 report came in today, and Travelers experienced a 28% profit compared to the 4th quarter of 2010. Two reasons: a higher number of claims in what was an expensive year ever for insurance companies, and a decline in investment income. Travelers hopes that higher prices will improve the underlying performance in the first half of 2012.

Verizon Communications (NYSE:VZ) just missed meeting its EPS target. The reason given is the high cost of selling the most advanced and newest phones. Verizon was down 1.6% pre-market, and has stayed there.

McDonald’s (NYSE:MCD) beat its own expectations, sane-stores sales are strong and market growth in international markets continues unabated. But the market itself was disappointed with the results. As McDonald’s hit an all-time high last week, perhaps the only way Mickey D can be expected to go is down.

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Wednesday

Boeing (NYSE:BA) just signed a huge deal with Norwegian Air. Q4 results came in, and EPS came in at $1.32, which is 31 cents above of the consensus. Yet the stock is down. Why? The company acknowledged that its pension obligations were so large, 2012 earnings would be affected as a result.

United Technologies Corporation (NYSE:UTX) Q4 results are in, and the results are slightly below expectations. EPS came in over by a cent, and revenues of $15 billion were a 100 million short.

Exxon Mobil (NYSE:XOM) is down with other oil companies, as Chesapeake’s (NYSE:CHK) decision to cut back on its gas drilling program has filtered through the entire energy sector. Apple now has a larger market capitalization than Exxon Mobil.

Thursday

Caterpillar Inc. (NYSE:CAT) is one of those companies that gives people a glimpse into the health of the world economy. Its Q4 report sees world GNP increasing 3.3% in 2012, oil at $100 a barrel and $4 a pound. Caterpillar also sees a rebound in U.S. construction. A solid Q4 report that beat estimates has Caterpillar up.

International Business Machines Corporation (NYSE:IBM) was up at the beginning of trading, but SanDisk was bringing the entire sector down.

3M Company (NYSE:MMM): Earnings and guidance for 2012 are both positive in 3M’s latest report.

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Friday

Chevron (NYSE:CVX): A looming $11 billion dollar lawsuit has a way of hurting a stock. So does missing your estimates for EPS and revenues by a large margin.

Don’t Miss: Chevron To Be Sued in Brazil For 2011 Oil Spill.

Exxon Mobil (NYSE:XOM): Blackstone Chairman Byron Wien believes oil will drop to $85 in the coming year. This is because of increased production in the U.S., and more oil coming from both Iraq and Libya. Exxon releases its Q4 results on Tuesday.

Cisco (NASDAQ:CSCO): Juniper’s (NYSE:JNPR) poor results are raising fears of a downward trend in the entire service provider sector. On the other hand, TheStreet.com surmises that Juniper’s pain could be Cisco’s gain.

Travelers (NYSE:TRV): The financial sector is getting hit today as GNP numbers came in below expectations. Subdued numbers from T. Rowe Price and a downgrade of Hartford Financial is making matters worse.

Procter and Gamble (NYSE:PG) beat 2nd quarter earning expectations, but has lowered its future forecasts as a consequence of higher commodity prices and a strong dollar, which makes their items more expensive overseas.

Merck (NYSE:MRK): Tom Aspray of Forbes believes many drug companies are attractively priced, and Merck is one of them, based on technical analysis. Having said that, Merck already has had a nice run since August.

Investing Insights: 2 Healthcare Stocks Shooting Higher Following Earnings Reports.