The Dow Market Happenings For Friday, October 19, 2018

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include IBM (IBM).

The Market

Premarket today, the Dow was indicated to open up +105 points.

Thursday the Dow was down -327.23 (-1.27%) at 25,379.45.

Year-to-date the Dow is up +2.67%.

There were 6 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Verizon (VZ) +1.28%, Merck (MRK) +0.54% and Exxon Mobil (XOM) +0.43%.

The Dow stock losers Thursday were led by IBM (IBM) -2.61%, Home Depot (HD) -2.55% and Apple (AAPL) +2.34%.

American Express (AXP -1.44%) gained 1% in after-hours trading after it reported Q3 EPS of $1.88, stronger than consensus of $1.77, and then forecast full-year adjusted EPS of $7.30 to $7.40, above consensus of $7.29.

McDonald’s (MCD +0.02%) was rated a new ‘Buy’ at Gordon Haskett with a price target of $185.

Microsoft (MSFT -2.00%) was rated a new ‘Outperform’ at Wedbush with a price target of $140.

Walt Disney (DIS -0.81%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Barclays with a price target of $130.

European stocks are mostly lower and Asian markets ended lower.

The national average price of gasoline is down six-tenths of a cent at $2.866 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) reported earnings on 10/19/18 before the market open of $2.54, beating estimates calling for $2.19 per share.

American Express (AXP) reported earnings on 10/18/18 after the market close of $1.88,beating estimates of $1.808 per share.

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.

Cisco (CSCO) reports earnings on 11/14/2018 after the market close.

Walmart (WMT) reports earnings on 11/15/2018 before the market open.

Today’s Featured Dow Stock

Walmart (WMT)

Walmart (WMT) is down -2.61% year-to-date.

Financial Calendar

13:00 FOMC Member Kaplan Speaks

14:00 Existing Home Sales (MoM) (Sep), -0.7%, 0.0%

14:00 Existing Home Sales (Sep), 5.30M, 5.34M

16:00 FOMC Member Bostic Speaks

17:00 U.S. Baker Hughes Oil Rig Count, 869

19:30 CFTC Copper speculative net positions, 8.2K

19:30 CFTC Crude Oil speculative net positions, 528.1K

19:30 CFTC Gold speculative net positions, -38.2K

19:30 CFTC S&P 500 speculative net positions, 255.8K

19:30 CFTC Silver speculative net positions, -22.3K

DJIA Market Happenings For Thursday, October 18, 2018

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include IBM (IBM).

The Market

Premarket today, the Dow was indicated to open down -125 points.

Wednesday the Dow was down -91.74 (-0.36%) at 25,706.68.

Year-to-date the Dow is up +3.99%.

There were 18 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Goldman Sachs (GS) +2.97%, Johnson & Johnson (JNJ) +2.12% and McDonald’s (MCD) +1.65%.

The Dow stock losers Wednesday were led by IBM (IBM) -7.63%, Home Depot (HD) -4.34% and UnitedHealth (UNH) -1.93%.

European stocks are mostly lower and Asian markets ended lower.

The national average price of gasoline is down seven-tenths of a cent at $2.872 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.

Cisco (CSCO) reports earnings on 11/14/2018 after the market close.

Today’s Featured Dow Stock

Visa (V)

Visa (V) is up +24.93% year-to-date.

Financial Calendar

12:30 Continuing Jobless Claims, 1,665K, 1,660K

12:30 Initial Jobless Claims, 211K, 214K

12:30 Jobless Claims 4-Week Avg., 209.50K

12:30 Philadelphia Fed Manufacturing Index (Oct), 19.7, 22.9

12:30 Philly Fed Business Conditions (Oct), 36.3

12:30 Philly Fed CAPEX Index (Oct), 26.70

12:30 Philly Fed Employment (Oct), 17.6

12:30 Philly Fed New Orders (Oct), 21.4

12:30 Philly Fed Prices Paid (Oct), 39.60

13:00 FOMC Member Bullard Speaks

Tentative Bloomberg Consumer Confidence, 59.5

14:30 Natural Gas Storage, 82B, 90B

15:30 FOMC Member Quarles Speaks

17:00 30-Year Bond Auction, 3.088%

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