Market Wrap: Industrials Prevail; Zynga's Fail; Boeing Sails; RadioShack Investors Wail

Market wrap-up for July 25th

End of the Day: Dow Jones up 58.7 to 12,676.05; S&P 500 down 0.4 to 1,337.89; Nasdaq down 8.8 to 2,854.24

The following is a brief summary of events moving markets today:

• Standing on the shoulders of giants: Thanks to titans Caterpillar (NYSE: CAT) and Boeing (NYSE: BA), the Dow Jones Industrial Average eked out its first win after a sting of four losing days.
  
  Caterpillar net profit rose 67 percent in the quarter, amid tepid industrial action in the U.S. Shares ended the session up 1.4 percent.
  
  Boeing also ended higher, bolstered by strong commercial sales in its second-quarter. In addition, Aeromexico committed to 100 single- and twin-aisle airplanes, a deal worth $10.8 billion at current book prices.
  
  
• Unfortunately, virtual money doesn't have a firm exchange rate with the real thing: Readying, sodding, sowing and reaping a virtual field seems to be less fun than doing the real thing, nowadays. Or, doing the same thing via a mobile device. Just like the arid fields of Iowa, investors are leaving Zynga (Nasdaq: ZNGA) high and dry Wednesday night.
  
  Earnings were 1 cent per share on revenue of $332.5 million, missing views calling for earnings of 6 cents per share and revenue of $344.1 million. Worse, fiscal 2012 EPS expectations getting cut from 23 cents to 29 cents down to 4 cents to 9 cents are laughable. The Street was looking for EPS of 27 cents.
  
  For more on Zynga's quarter, click here.
  
  Also, traders will be watching Facebook (Nasdaq: FB), which will report it inaugural earnings report Thursday. Click here for more.
  
  
• The Shack gets sacked: Ahead of the bell, retailer RadioShack (NYSE: RSH) issued paltry Q2 numbers with smartphone sales crimping margins enough for the Company to swing to a net loss.
  
  News comes as Apple (Nasdaq: AAPL) reported a miss for its third-quarter report late Tuesday night, and AT&T (NYSE: T) and Verizon (NYSE: VZ) iPhone sales were said to miss expectations (more on that here).
  
  
• Okay, who's next?: As observed ahead of the announcement, Telefonica (NYSE: TEF) said it was suspending its dividend for the balance of 2012. The move comes following RadioShack (above) also suspending its payout in order to reduce its debt-to-equity profile.
  
  
• Chimerical gold: Finally, in the earnings front..: Visa (NYSE: V) proved to be a powerhouse again Wednesday, issuing strong Q2 results to the tune of $1.56 in earnings and $2.57 billion in sales. The Street was looking for EPS of $1.45 and revs of $2.52 billion. Adding icing to the cake, Visa approved a $1 billion common stock buyback plan.
  
  
• Tech suits...or no tech suits: Michael Phelps said, "This Olympics...there will be water!" Er, Phelps said that swimming records will be broken during the 2012 London Olympics. Whether or not he said this while balancing a bald eagle on one arm while taking a big bite of Wheaties® with the other wasn't made clear.
  
  So, if you see gold in real life or end up holding some in your hands from July 27th through August 12th and aren't in the U.K., chances are that it's an illusion. Phelps has all the gold.

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