The Dow Market Happenings For Thursday, April 19, 2018

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

The Market

Premarket today, the Dow was indicated to open down -58 points.

Wednesday the Dow was down -38.56 (-0.16%) at 24,748.07.

Year-to-date the Dow is up +0.12%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Home Depot (HD) +2.82% and Chevron (CVX) +1.94%.

The Dow stock losers Wednesday were led by IBM (IBM) -7.53% and Johnson & Johnson (JNJ) -2.16%

American Express (AXP +1.37%) climbed more than 3% in after-hours trading after it reported Q1 revenue of $9.72 billion, better than consensus of $9.51 billion.

Unemployment insurance weekly claims in the week ending April 14, the advance figure for seasonally adjusted initial claims was 232,000, a decrease of 1,000 from the previous week’s unrevised level of 233,000. The 4-week moving average was 231,250, an increase of 1,250 from the previous week’s unrevised average of 230,000. The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending April 7, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 7 was 1,863,000, a decrease of 15,000 from the previous week’s revised level. The previous week’s level was revised up 7,000 from 1,871,000 to 1,878,000. The 4-week moving average was 1,858,750, an increase of 6,750 from the previous week’s revised average. The previous week’s average was revised up by 1,750 from 1,850,250 to 1,852,000.

European stocks are mostly higher and Asian markets ended higher.

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

Earnings Reports.

Nike (NKE) reported earnings on 3/22/2018 after the market close of $-0.57, missing estimates calling for $0.555 per share.

JPMorgan (JPM) reported earnings on 4/13/2018 before the market open of $2.37, missing estimates calling for $2.92 per share.

Goldman Sachs (GS) reported earnings on 4/17/2018 before the market open of $6.95, beating estimates of $5.75 per share.

Johnson & Johnson (JNJ) reports earnings on 4/17/2018 before the market open of $2.06, beating estimates of $2.029 per share.

UnitedHealth (UNH) reports earnings on 4/17/2018 before the market open of $3.04, beating estimates of $2.968 per share.

IBM (IBM) reported earnings on 4/17/2018 after the market close of $2.45, beating estimates of 2.415 per share.

American Express (AXP) reported earnings on 4/18/2018 after the market close of $1.86, beating estimates of $1.747 per share.

General Electric (GE) reports earnings on 4/20/2018 before the market open.

Procter & Gamble (PG) reports earnings on 4/20/2018 before the market open.

Caterpillar (CAT) reports earnings on 4/24/2018 before the market open.

Coca Cola (KO) reports earnings on 4/24/2018 before the market open.

3M (MMM) reports earnings on 4/24/2018 before the market open.

United Technologies (UTX) reports earnings on 4/24/2018 before the market open.

Verizon (VZ) reports earnings on 4/24/2018 before the market open.

Boeing (BA) reports earnings on 4/25/2018 before the market open.

Visa (V) reports earnings on 4/25/2018 after the market close.

Intel (INTC) reports earnings on 4/26/2018 after the market close.

Microsoft (MSFT) reports earnings on 4/26/2018 after the market close.

Chevron (CVX) reports earnings on 4/27/2018 before the market open.

Exxon Mobil (XOM) reports earnings on 4/27/2018 before the market open.

McDonald’s (MCD) reports earnings on 4/30/2018 before the market open.

Merck (MRK) reports earnings on 5/1/2018 before the market open.

Pfizer (PFE) reports earnings on 5/1/2018 before the market open.

Apple (AAPL) reports earnings on 5/1/2018 after the market close.

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) is up +0.61% year-to-date.

Financial Calendar

12:00 FOMC Member Brainard Speaks

12:30 Continuing Jobless Claims, 1,848K, 1,871K

12:30 Initial Jobless Claims, 235K, 233K

12:30 Jobless Claims 4-Week Avg., 230.00K

12:30 Philadelphia Fed Manufacturing Index (Apr), 20.1, 22.3

12:30 Philly Fed Business Conditions (Apr), 47.9

12:30 Philly Fed CAPEX Index (Apr), 35.90

12:30 Philly Fed Employment (Apr), 25.6

12:30 Philly Fed New Orders (Apr), 35.7

12:30 Philly Fed Prices Paid (Apr), 42.60

13:30 FOMC Member Quarles Speaks

13:45 Bloomberg Consumer Confidence, 58.0

14:30 Natural Gas Storage, -19B

17:00 5-Year TIPS Auction, 0.370%

22:45 FOMC Member Mester Speaks

DJIA Market Happenings For Wednesday, April 18, 2018

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 +81 points.

Tuesday the Dow was up +213.59 (+0.87%) at 24.786.63.

Year-to-date the Dow is up +0.27%.

There were 23 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by UnitedHealth (UNH) +3.57% and General Electric (GE) +3.45%.

The Dow stock losers Tuesday were led by Goldman Sachs (GS) -1.65% and Johnson & Johnson (JNJ) -0.93%.

American Express (AXP) reports earnings today after the close.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up 1.2 cents at $2.731 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/22/2018 after the market close of $-0.57, missing estimates calling for $0.555 per share.

JPMorgan (JPM) reported earnings on 4/13/2018 before the market open of $2.37, missing estimates calling for $2.92 per share.

Goldman Sachs (GS) reported earnings on 4/17/2018 before the market open of $6.95, beating estimates of $5.75 per share.

Johnson & Johnson (JNJ) reports earnings on 4/17/2018 before the market open of $2.06, beating estimates of $2.029 per share.

UnitedHealth (UNH) reports earnings on 4/17/2018 before the market open of $3.04, beating estimates of $2.968 per share.

IBM (IBM) reports earnings on 4/17/2018 after the market close.

American Express (AXP) reports earnings on 4/18/2018 after the market close.

General Electric (GE) reports earnings on 4/20/2018 before the market open.

Procter & Gamble (PG) reports earnings on 4/20/2018 before the market open.

Caterpillar (CAT) reports earnings on 4/24/2018 before the market open.

Coca Cola (KO) reports earnings on 4/24/2018 before the market open.

3M (MMM) reports earnings on 4/24/2018 before the market open.

United Technologies (UTX) reports earnings on 4/24/2018 before the market open.

Verizon (VZ) reports earnings on 4/24/2018 before the market open.

Boeing (BA) reports earnings on 4/25/2018 before the market open.

Visa (V) reports earnings on 4/25/2018 after the market close.

Intel (INTC) reports earnings on 4/26/2018 after the market close.

Microsoft (MSFT) reports earnings on 4/26/2018 after the market close.

Chevron (CVX) reports earnings on 4/27/2018 before the market open.

Exxon Mobil (XOM) reports earnings on 4/27/2018 before the market open.

McDonald’s (MCD) reports earnings on 4/30/2018 before the market open.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) is down -14.64% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.66%

11:00 MBA Mortgage Applications (WoW), -1.9%

11:00 MBA Purchase Index, 247.3

11:00 Mortgage Market Index, 380.6

11:00 Mortgage Refinance Index, 1,110.8

12:30 FOMC Member Dudley Speaks

14:30 Crude Oil Inventories, -1.429M, 3.306M

14:30 Crude Oil Imports, 1.722M

14:30 Cushing Crude Oil Inventories, 1.129M

14:30 Distillate Fuel Production, 0.240

14:30 EIA Weekly Distillates Stocks, -0.268M, -1.044M

14:30 Gasoline Production, 0.035M

14:30 Heating Oil Stockpiles, 0.342M

14:30 Gasoline Inventories, -0.227M, 0.458M

18:00 Beige Book

19:15 FOMC Member Dudley Speaks

20:15 FOMC Member Quarles Speaks

The Dow Market Happenings For Tuesday, April 17, 2018

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 +205 points.

Monday the Dow was up +212.90 (+0.87%) at 24,573.04.

Year-to-date the Dow is down -0.59%.

There were 25 Dow stocks up Monday.

The Dow stock winners Monday were led by UnitedHealth (UNH) +2.69% and Merck (MRK +2.59%

The Dow stock losers Monday were led by General Electric (GE) -1.19% and Nike (NKE) -0.28%.

Merk & Co (MRK +2.59%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $68.

See Goldman Sachs, Johnson & Johnson and UnitedHealth earnings below.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up five-tenths of a cent at $2.719 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/22/2018 after the market close of $-0.57, missing estimates calling for $0.555 per share.

JPMorgan (JPM) reported earnings on 4/13/2018 before the market open of $2.37, missing estimates calling for $2.92 per share.

Goldman Sachs (GS) reported earnings on 4/17/2018 before the market open of $6.95, beating estimates of $5.75 per share.

Johnson & Johnson (JNJ) reports earnings on 4/17/2018 before the market open of $2.06, beating estimates of $2.029 per share.

UnitedHealth (UNH) reports earnings on 4/17/2018 before the market open of $3.04, beating estimates of $2.968 per share.

IBM (IBM) reports earnings on 4/17/2018 after the market close.

American Express (AXP) reports earnings on 4/18/2018 after the market close.

General Electric (GE) reports earnings on 4/20/2018 before the market open.

Procter & Gamble (PG) reports earnings on 4/20/2018 before the market open.

Caterpillar (CAT) reports earnings on 4/24/2018 before the market open.

Coca Cola (KO) reports earnings on 4/24/2018 before the market open.

3M (MMM) reports earnings on 4/24/2018 before the market open.

United Technologies (UTX) reports earnings on 4/24/2018 before the market open.

Verizon (VZ) reports earnings on 4/24/2018 before the market open.

Boeing (BA) reports earnings on 4/25/2018 before the market open.

Visa (V) reports earnings on 4/25/2018 after the market close.

Intel (INTC) reports earnings on 4/26/2018 after the market close.

Microsoft (MSFT) reports earnings on 4/26/2018 after the market close.

Chevron (CVX) reports earnings on 4/27/2018 before the market open.

Exxon Mobil (XOM) reports earnings on 4/27/2018 before the market open.

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is up +0.86% year-to-date.

Financial Calendar

12:30 Building Permits (MoM) (Mar), 2.5%, 0.7%, -4.1%

12:30 Building Permits (Mar), 1.354M, 1.330M, 1.321M

12:30 Housing Starts (Mar), 1.319M, 1.270M, 1.295M

12:30 Housing Starts (MoM) (Mar), 1.9%, 1.9%, -3.3%

12:55 Redbook (MoM), 0.5%, 0.3%

12:55 Redbook (YoY), 3.0%, 2.9%

9 min Capacity Utilization Rate (Mar), 77.9%, 77.7%

9 min FOMC Member Williams Speaks

9 min Industrial Production (YoY), 4.4%

9 min Industrial Production (MoM) (Mar), 0.3%, 0.9%

9 min Manufacturing Production (MoM) (Mar), 0.1%, 1.3%

54 min FOMC Member Quarles Speaks

15:00 FOMC Member Harker Speaks

15:30 4-Week Bill Auction, 1.620%

17:10 Chicago Fed President Evans Speaks

20:30 API Weekly Crude Oil Stock, 1.758M

21:40 FOMC Member Bostic Speaks