The Dow Market Happenings For Wednesday, May 27, 2015

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

The Market

Premarket today, the Dow was indicated to open up +15 points.

Tuesday, the Dow was down -190.48 (-1.04%) at 18,041.54.

Year-to-date the Dow is up +1.23%.

There were no Dow stocks up Tuesday.

The Dow stock winners Tuesday were not to be found.

The Dow stock losers Tuesday were led by Apple (AAPL) -2.20%, visa (V) -1.55%, Chavron (CVX) -1.53%, United Technologies (UTX) -1.48% and Boeing (BA) -1.39%.

European stocks are mostly higher and Asian markets ended mostly higher.

The national average price of gasoline is up one-tenth of a cent at $2.739 per gallon.

Earnings Reports.

There are no Dow stocks due to report earnings in the near term.

Today’s Featured Dow Stock

Visa (V)

Visa (V) is up +4.56% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -1.5% with purchase sub-index -3.7% and refi sub-index +0.3%.

1130 ET Treasury auctions $13 billion of 2-year floating rate notes.

1300 ET Treasury auctions $35 billion of 5-year T-notes.

n/a 3-day G-7 meeting of finance ministers and central bank chiefs in Dresden, Germany begins (Wed-Fri).

DJIA Market Happenings For Tuesday, May 26, 2015

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

The Market

Premarket today, the Dow was indicated to open down -45 points.

Friday, the Dow was down -53.72 (-0.29%) at 18,232.02.

Year-to-date the Dow is up +2.29%.

There were 6 Dow stocks up Friday.

The Dow stock winners Friday were led by Goldman Sachs (GS) +1.39% and Apple (AAPL) +0.88%.

The Dow stock losers Friday were led by Boeing (BA -1.72% and Merck (MRK) -1.20%.

Looks like a slow start to the week after the three day weekend holiday.

European stocks are mixed and Asian markets ended mostly higher.

The national average price of gasoline is down two-tenths of a cent at $2.738 per gallon.

Earnings Reports.

There are no Dow stocks due to report earnings in the near term.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is up +6.05% year-to-date.

Financial Calendar

0830 ET Apr durable goods orders expected -0.5% and +0.3% ex transportation, Mar +4.4% and +0.4% ex transportation. Apr capital goods new orders non-defense ex-aircraft & parts expected +0.3%, Mar +0.6%.

0900 ET Mar FHFA house price index expected +0.7% m/m, Feb +0.7% m/m. Q1 house price index, Q4 +1.40% q/q.

0900 ET Mar S&P CaseShiller composite-20 home price index expected +0.90% m/m and +4.60% y/y, Feb +0.93% m/m and +5.03% y/y.

0945 ET Preliminary-May Markit U.S. services PMI expected -0.9 to 56.5, Apr -1.8 to 57.4. May Markit U.S. composite PMI, Apr -2.2 to 57.0.

1000 ET Apr new home sales expected +5.0% to 505,000, Mar -11.4% to 481,000.

1000 ET May consumer confidence (Conference Board) expected -0.2 to 95.0, Apr -6.2 to 95.2.

1000 ET May Richmond Feb manufacturing index expected +3 to 0, Apr +5 to -3.

1030 ET May Dallas Fed manufacturing outlook level of general business activity expected +4.5 to -11.5, Apr +1.4 to 16.0.

1100 ET USDA weekly grain export inspections.

1230 ET Fed Vice Chairman Stanley Fischer speaks on The Federal Reserve and the Global Economy at a conference at Tel Aviv University in Israel.

1300 ET Treasury auctions $26 billion of 2-year T-notes.

1600 ET USDA weekly crop progress.

2010 ET Richmond Fed President Jeffrey Lacker delivers a speech to the LSU Graduate School of Banking titled From Country Banks to SIFIs: The 100-year Quest for Financial Stability.

The Dow Market Happenings For Friday, May 22, 2015

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

The Market

Premarket today, the Dow was indicated to open down -27 points.

Thursday, the Dow was up +0.34 (+0.00%) at 18,285.74.

Year-to-date the Dow is up +2.60%.

There were 15 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Caterpillar (CAT) +1.59% and Apple (AAPL) +1.02%.

The Dow stock losers Thursday were led by McDonald’s (MCD)-0.83% and UnitedHealth (UNH) -0.64%.

One time Dow stock Hewlett-Packard (HPQ) rose over 1% in after-hours trading after it reported Q2 EPS of 87 cents, above consensus of 86 cents.

European stocks are lower and Asian markets ended higher.

The national average price of gasoline is up four-tenths of a cent at $2.735 per gallon.

Earnings Reports.

There are no Dow stocks due to report earnings in the near term.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +19.16% year-to-date.

Financial Calendar

0830 ET Apr CPI expected +0.1% m/m and -0.2% y/y, Mar +0.2% m/m and -0.1% y/y. Apr CPI ex food & energy expected +0.2% m/m and +1.7% y/y, Mar +0.2% m/m and +1.8% y/y.

0830 ET Apr real avg weekly earnings, Mar +2.2% y/y.

1200 ET USDA Apr Cold Storage.

1300 ET Fed Chair Janet Yellen delivers a speech on the U.S. economic outlook at an event in Providence, RI.

1500 ET USDA Apr Cattle on Feed.

DJIA Market Happenings For Thursday, May 21, 2015

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

The Market

Premarket today, the Dow was indicated to open down -27 points.

Wednesday, the Dow was down -26.99 (-0.15%) at 18,285.40.

Year-to-date the Dow is up +2.75%.

There were 11 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by General Electric (GE) +1.06% and Caterpillar (CAT) +0.79%.

The Dow stock losers Wednesday were Dupont (DD) -0.83% and JPMorgan (JPM) -0.79%.

Nike (NKE) was initiated with a ‘Buy’ at Jefferies with a price target of $120.

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 274,000 for the week ended May 16. Claims for the prior week were unrevised. Despite last week’s increase, claims remained below 300,000, a threshold associated with a strengthening labor market, for an 11th straight week. Economists had forecast claims rising to 271,000 last week.

European stocks are mixed and Asian markets ended mixed.

The national average price of gasoline is up nine-tenths of a cent at $2.731 per gallon.

Earnings Reports.

There are no Dow stocks due to report earnings in the near term.

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +3.37% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +6,000 to 270,000, previous -1,000 to 264,000. Weekly continuing claims expected +5,000 to 2.234 million, previous unch at 2.229 million.

0830 ET Apr Chicago Fed national activity index expected +0.42 to 0.00, Mar -0.24 to -0.42.

0830 ET USDA weekly Export Sales.

0945 ET Preliminary May Markit manufacturing PMI expected +0.4 to 54.5, April -1.6 to 54.1.

1000 ET May Philadelphia Fed business outlook survey expected +0.5 to 8.0, Apr +2.5 to 7.5

1000 ET Apr existing home sales expected +0.6% to 5.22 million, Mar +6.1% to 5.19 million.

1000 ET Apr leading indicators expected +0.3%, Mar +0.2%.

1100 ET May Kansas City Fed manufacturing activity survey expected +3 to -4, Apr -3 to -7.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $15 billion), 5-year T-notes (previous $35 billion), and 7-year T-notes (previous $29 billion) to be auctioned May 26-28

1300 ET Treasury auctions $13 billion of 10-year TIPS.

1900 ET San Francisco Fed President John Williams speaks on a panel at Stanford on Impact of Reform in Practice Central Bank Governance and Oversight Reform.

The Dow Happenings For Wednesday, May 20, 2015

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

The Market

Premarket today, the Dow was indicated to open up +21 points.

Tuesday, the Dow was up +13.51 (+0.07%) at 18,312.39.

Year-to-date the Dow is up +2.75%.

There were 19 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by McDonald’s (MCD) +2.71% and Dupont (DD) +1.80%.

The Dow stock losers Tuesday were Wal-Mart (WMT) -4.37% and Home Depot (HD) -1.74%.

Minutes of the April FOMC meeting are out today.

European stocks are mixed and Asian markets ended mostly higher.

The national average price of gasoline is up 1.5 cents at at $2.722 per gallon.

Earnings Reports.

1. Johnson & Johnson (JNJ) reported Q1 EPS of $1.53, below consensus of $1.54 on 4/14/2015 before the market open.

2. JMorgan (JPM) reported Q1 EPS of $1.61, better than consensus of $1.41 on 4/14/2015 before the market open.

3. Intel (INTC) reports earnings on 4/14/2015 after the market close.

4. Goldman Sachs (GS) reports earnings on 4/16/2015 before the market open.

5. American Express reports earnings on 4/16/2015 after the market close.

6. Goldman Sachs (GS) reports earnings on 4/16/2015 before the market open.

7. United Health (UNH) reports earnings on 4/16/2015 before the market open.

8. General Electric (GE) reports earnings on 4/17/2015 before the market open.

9. IBM (IBM) reports earnings on 4/20/2015 after the market close.

10. Dupont (DD) reports earnings on 4/21/2015before the market open.

11. Travelers (TRV) reports earnings on 4/21/2015 before the market open.

12. Verizon (VZ) reported earnings on 4/21/2015 before the market open of $1.02, beating consensus of $0.954 per share.

13. United Technologies (UTX) reported earnings on 4/21/2015 before the market open of $1.51, beating consensus of $1.438 per share.

14. Caterpillar (CAT) reported earnings on 4/23/2015 before the market open of $1.86, beating consensus of $1.348 per share.

15. Coca Cola (KO) reports earnings on 4/22/2015 before the market open of $0.48, beating consensus of $0.43 per share.

16. McDonald’s (MCD) reports earnings on 4/22/2015 before the market open of $0.84, missing consensus of $1.055 per share.

17. Boeing (BA) reports earnings on 4/22/2015 before the market open of $1.97, beating consensus of $1.805 per share.

18. 3M (MMM) reports earnings on 4/23/2015 before the market open.

19. Procter & Gamble (PG) reports earnings on 4/23/2015 before the market open.

20. Microsoft (MSFT) reports earnings on 4/23/2015 after the market close

21. Apple (AAPL) reports earnings on 4/27/2015 after the market close.

22. Pfizer (PFE) reports earnings on 4/28/2015 before the market open.

23. Merck (MRK) reports earnings on 4/28/2015 before the market open.

24. Exxon Mobil (XOM) reports earnings on 4/30/2015 before the market open.

25. Visa (V) reports earnings on 4/30/2015 after the market open.

26. Chevron (CVX) reports earnings on 5/1/2015 before the market open.

27. Disney (DIS) reported earnings on 5/5/2015 after the market open of $1.23, beating consensus of $1.113 per share.

28. Cisco (CSCO) reporte earnings on 5/13/2015 after the market open of 54 cents, beating consensus of 53 cents..

29. Home Depot (HD) reported earnings on 5/19/2015 before the market open of $1.21, beatinge consensus of $1.15.

30. Wal-Mart (WMT) reported earnings on 5/19/2015 before the market open of $1.03, which was 1 cent below consensus of $1.04.

Today’s Featured Dow Stock

Travelers Companies Inc (TRV)

Travelers Companies Inc (TRV) is down -2.07% year-to-date.

Financial Calendar

0300 ET Chicago Fed President Charles Evans speaks about the economy and monetary policy at the NABE International Symposium in Munich.

0700 ET Weekly MBA mortgage applications, previous -3.5% with purchase sub-index -0.2% and refi sub-index -5.9%.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET Minutes of the Apr 28-29 FOMC meeting.