The Dow Market Happenings For Wednesday, October 17, 2018

Dow stocks at 52 week highs include UnitedHealth (UNH) up +4.73% today. Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -127 points.

Tuesday the Dow was up +547.87 (+2.17%) at 25,798.42.

Year-to-date the Dow is up +4.37%.

All 30 Dow stocks were up Tuesday.

The Dow stock winners Tuesday were led by UnitedHealth (UNH) +4.73%, Nike (NKE) +3.32%, Visa (V) +3.29%, Intel (INTC) +3.17%, Microsoft (MSFT) +3.16% and Goldman Sachs (GS) +3.01%.

The were no Dow stock losers Tuesday.

International Business Machines (IBM +2.83%) dropped 4% in after-hours trading after it reported Q3 revenue of $18.76 billion, weaker than consensus of $19.08 billion.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is down six-tenths of a cent at $2.879 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/25/2018 after the market close of $0.67, just beating estimates calling for $0.657 per share.

Walgreens (WBA) reported earnings on 10/11/18 before the market open of $1.48, barely beating estimates of $1.471 per share.

JPMorgan (JPM) reported earnings on 10/12/18 before the market open of $2.36, beating estimates calling for $2.26 per share.

Goldman Sachs (GS) reported earnings on 10/16/18 before the market open of $6.28, beating estimates of $5.695 per share.

IBM (IBM) reported earnings on 10/16/18 after the market close of $3.42, missing estimates of $3.434 per share.

Johnson & Johnson (JNJ) reported earnings on 10/16/18 before the market open of $2.05, missing estimates calling for $2.061 per share.

UnitedHealth (UNH) reported earnings on 10/16/18 before the market open of $3.41, beating estimates of $3.356 per share.

Travelers (TRV) reports earnings on 10/19/18 before the market open.

American Express (AXP) reports earnings on 10/18/18 after the market close.

McDonald’s (MCD) reports earnings on 10/23/2018 before the market open.

3M (MMM) reports earnings on 10/23/2018 before the market open.

United Technologies (UTX) reports earnings on 10/23/2018 before the market open.

Verizon (VZ) reports earnings on 10/23/2018 before the market open.

Boeing (BA) reports earnings on 10/24/2018 before the market open.

Microsoft (MSFT) reports earnings on 10/24/2018 after the market close.

Visa (V) reports earnings on 10/24/2018 after the market close.

Merck (MRK) reports earnings on 10/25/2018 before the market open.

Visa (V) reports earnings on 10/25/2018 after the market close.

Coca Cola (KO) reports earnings on 10/30/2018 before the market open.

Pfizer (PFE) reports earnings on 10/30/2018 before the market open.

Intel (INTC) reports earnings on 11/1/2018 after the market close.

Chevron (CVX) reports earnings on 11/2/2018 after the market close.

Exxon Mobil (XOM) reports earnings on 11/2/2018 after the market close.

Disney (DIS) reports earnings on 11/8/2018 after the market close.

Home Depot (HD) reports earnings on 11/13/2018 before the market open.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is up +1.45% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 5.05%

11:00 MBA Mortgage Applications (WoW), -1.7%

11:00 MBA Purchase Index, 238.0

11:00 Mortgage Market Index, 346.7

11:00 Mortgage Refinance Index, 921.2

12:30 Building Permits (Sep), 1.278M, 1.249M

12:30 Building Permits (MoM) (Sep), 2.1%, -5.7%

12:30 Housing Starts (Sep), 1.220M, 1.282M

12:30 Housing Starts (MoM) (Sep), -4.5%, 9.2%

14:30 Crude Oil Inventories, 2.167M, 5.987M

14:30 Crude Oil Imports, -1.421M

14:30 Cushing Crude Oil Inventories, 2.359M

14:30 Distillate Fuel Production, -0.001M

14:30 EIA Weekly Distillates Stocks, -1.280M, -2.666M

14:30 Gasoline Production, -0.239M

14:30 Heating Oil Stockpiles, 0.601M

14:30 Gasoline Inventories, -1.074M, 0.951M

16:10 FOMC Member Brainard Speaks

18:00 FOMC Meeting Minutes

DJIA Market Happenings For Tuesday, October 16, 2018

There are no Dow stocks at 52 week highs. Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +218 points.

Monday the Dow was down -89.44 (-0.35%) at 25,250.55.

Year-to-date the Dow is up +2.15%.

There were 10 Dow stocks up Monday.

The Dow stock winners Monday were led by Walgreens (WBA) +1.66%, Procter & Gamble (PG) +1.35% and Disney (DIS) +0.74%.

The Dow stock losers Monday were led by Cisco (CSCO) -2.28%, Apple (AAPL) -2.14% and Visa (V) -2.02%.

Johnson & Johnson (JNJ +0.06%) rose +0.5% in premarket trading after it reported Q3 adjusted EPS of $2.95, better than consensus of $$2.03.

Goldman Sachs (GS) earned $6.28 per share for the third quarter, well above the consensus estimate of $5.38 a share. Revenue was also above analysts’ forecasts, and Goldman said its year-to-date return-on-equity is its highest in nine years.

UnitedHealth (UNH) reported adjusted quarterly profit of $3.41 per share, beating estimates by 12 cents a share. Revenue topped forecasts on growth in both insurance and medical services, and UnitedHealth raised its full-year outlook.

Johnson & Johnson (JNJ) reported adjusted quarterly profit of $2.05 per share, beating forecasts by 2 cents a share. Revenue was also above estimates, helped by strong growth in pharmaceuticals and the consumer business, among other factors.

Walmart (WMT) cut its full-year earnings outlook by 25 cents per share, a move designed to reflect the impact of its acquisition of India’s Flipkart. Separately, Walmart and Advance Auto Parts announced plans to open a specialty store on Walmart .com.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down eight-tenths of a cent at $2.885 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/25/2018 after the market close of $0.67, just beating estimates calling for $0.657 per share.

Walgreens (WBA) reported earnings on 10/11/18 before the market open of $1.48, barely beating estimates of $1.471 per share.

JPMorgan (JPM) reported earnings on 10/12/18 before the market open of $2.36, beating estimates calling for $2.26 per share.

Goldman Sachs (GS) reported earnings on 10/16/18 before the market open of $6.28, beating estimates of $5.695 per share.

IBM (IBM) reports earnings on 10/16/18 after the market close.

Johnson & Johnson (JNJ) reported earnings on 10/16/18 before the market open of $2.05, missing estimates calling for $2.061 per share.

UnitedHealth (UNH) reported earnings on 10/16/18 before the market open of $3.41, beating estimates of $3.356 per share.

Travelers (TRV) reports earnings on 10/19/18 before the market open.

American Express (AXP) reports earnings on 10/18/18 after the market close.

McDonald’s (MCD) reports earnings on 10/23/2018 before the market open.

3M (MMM) reports earnings on 10/23/2018 before the market open.

United Technologies (UTX) reports earnings on 10/23/2018 before the market open.

Verizon (VZ) reports earnings on 10/23/2018 before the market open.

Boeing (BA) reports earnings on 10/24/2018 before the market open.

Microsoft (MSFT) reports earnings on 10/24/2018 after the market close.

Visa (V) reports earnings on 10/24/2018 after the market close.

Merck (MRK) reports earnings on 10/25/2018 before the market open.

Visa (V) reports earnings on 10/25/2018 after the market close.

Coca Cola (KO) reports earnings on 10/30/2018 before the market open.

Pfizer (PFE) reports earnings on 10/30/2018 before the market open.

Intel (INTC) reports earnings on 11/1/2018 after the market close.

Chevron (CVX) reports earnings on 11/2/2018 after the market close.

Exxon Mobil (XOM) reports earnings on 11/2/2018 after the market close.

Disney (DIS) reports earnings on 11/8/2018 after the market close.

Home Depot (HD) reports earnings on 11/13/2018 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +18.05% year-to-date.

Financial Calendar

12:55 Redbook (YoY), 6.5%

12:55 Redbook (MoM), 0.4%

13:15 Capacity Utilization Rate (Sep), 78.2%, 78.1%

13:15 Industrial Production (MoM) (Sep), 0.2%, 0.4%

13:15 Manufacturing Production (MoM) (Sep), 0.2%, 0.2%

14:00 JOLTs Job Openings (Aug), 6.945M, 6.939M

14:00 NAHB Housing Market Index (Oct), 68, 67

15:30 4-Week Bill Auction, 2.135%

15:30 8-Week Bill Auction

20:00 US Foreign Buying, T-bonds (Aug), 18.90B

20:00 Overall Net Capital Flow (Aug), 52.20B

20:00 TIC Net Long-Term Transactions (Aug), 47.7B, 74.8B

20:00 TIC Net Long-Term Transactions including Swaps (Aug), 56.60B

20:15 FOMC Member Daly Speaks

20:30 API Weekly Crude Oil Stock, 9.750M

The Dow Market Happenings For Friday, October 12, 2018

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include Goldman Sachs (GS).

The Market

Premarket today, the Dow was indicated to open up +236 points.

Thursday the Dow was down -545.91 (-2.13%) at 25,052.83.

Year-to-date the Dow is up +1.35%.

There were no Dow stocks up Thursday.

The Dow stock winners Thursday were not to be found.

The Dow stock losers Thursday were led by Pfizer (PFE) -3.82%, Exxon Mobil (XOM) -3.45%, Chevron (CVX) -3.40%, Cisco (CSCO) -3.31%, McDonald’s (MCD) -3.21% and Procter & Gamble (PG) -3.16%.

JPMorgan Chase (JPM -3.00%) is up 1% in premarket trading after it reported Q3 adjusted EPS of $2.36, higher than consensus of $2.26.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down three-tenths of a cent at $2.907 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/25/2018 after the market close of $0.67, just beating estimates calling for $0.657 per share.

Walgreens (WBA) reported earnings on 10/11/18 before the market open of $1.48, barely beating estimates of $1.471 per share.

JPMorgan (JPM) reported earnings on 10/12/18 before the market open of $2.36, beating estimates calling for $2.26 per share.

Goldman Sachs (GS) reports earnings on 10/16/18 before the market open.

IBM (IBM) reports earnings on 10/16/18 after the market close.

Johnson & Johnson (JNJ) reports earnings on 10/16/18 before the market open.

UnitedHealth (UNH) reports earnings on 10/16/18 before the market open.

Travelers (TRV) reports earnings on 10/19/18 before the market open.

American Express (AXP) reports earnings on 10/18/18 after the market close.

McDonald’s (MCD) reports earnings on 10/23/2018 before the market open.

3M (MMM) reports earnings on 10/23/2018 before the market open.

United Technologies (UTX) reports earnings on 10/23/2018 before the market open.

Verizon (VZ) reports earnings on 10/23/2018 before the market open.

Boeing (BA) reports earnings on 10/24/2018 before the market open.

Visa (V) reports earnings on 10/24/2018 after the market close.

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +1.41% year-to-date.

Financial Calendar

Tentative IEA Monthly Report

12:30 Export Price Index (YoY), 3.5%, 3.6%

12:30 Export Price Index (MoM) (Sep) , 0.2%, -0.1%

12:30 Import Price Index (YoY), 3.2%, 3.7%

12:30 Import Price Index (MoM) (Sep), 0.2%, -0.6%

13:30 Chicago Fed President Evans Speaks

14:00 Michigan 5-Year Inflation Expectations (Oct), 2.50%

14:00 Michigan Consumer Expectations (Oct), 90.0, 90.5

14:00 Michigan Consumer Sentiment (Oct), 100.4, 100.1

14:00 Michigan Current Conditions (Oct), 115.8, 115.2

14:00 Michigan Inflation Expectations (Oct), 2.7%

14:30 ECRI Weekly Annualized (WoW), 0.5%

14:30 ECRI Weekly Index, 149.1

16:30 FOMC Member Bostic Speaks

17:00 U.S. Baker Hughes Oil Rig Count, 861

19:30 CFTC Copper speculative net positions, 12.0K

19:30 CFTC Crude Oil speculative net positions, 548.9K

19:30 CFTC Gold speculative net positions, -21.8K

19:30 CFTC S&P 500 speculative net positions, 228.0K

19:30 CFTC Silver speculative net positions, -17.5K