The Dow Market Happenings For Friday, August 17, 2018

Dow stocks at 52 week highs include Apple (AAPL) and Merck (MRK). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -57 points.

Thursday the Dow was up +396.32 (+1.58%) at 25,558.73.

Year-to-date the Dow is up +3.40%.

There were 27 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Walmart (WMT) +9.33% and Boeing (BA) +4.29%.

The Dow stock losers Wednesday were led by Intel (INTC) -0.61% and Disney (DIS) -0.33%.

Walmart (WMT +9.33%) was downgraded to ‘Outperform’ from ‘Strong Buy’ at Raymond James.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down four-tenths of a cent at $2.850 per gallon.

Earnings Reports.

Walgreens (WBA) reported earnings on 6/28/2018 before the market open with $1.53 per share, beating estimates calling for $1.503 per share.

Nike (NKE) reported earnings on 6/28/2018 after the market close of $0.69, beating estimates of $0.673 per share.

JPMorgan (JPM) reported earnings on 7/13/2018 before the market open of $2.27, beating estimates calling for $2.27 per share.

Goldman Sachs (GS) reported earnings on 7/17/2018 before the market open of $5.98, beating estimates calling for $4.66 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/2018 before the market open of $2.10, beating estimates of $2.083 per share.

UnitedHealth (UNH) reported earnings on 7/17/2018 before the market open of $3.14, beating estimates of 3.088 per share.

American Express (AXP) reported earnings on 7/18/2018 after the market close of $1.84, missing estimates calling for $1.868 per share.

IBM (IBM) reported earnings on 7/18/2018 after the market close of $3.08, beating estimates calling for $3.058 per share.

Travelers (TRV) reported earnings on 7/19/2018 before the market open $1.92, missing estimates of $2.446 per share.

Microsoft (MSFT) reported earnings on 7/19/2018 after the market close of $1.13, beating estimates calling for $1.11 per share.

3M (MMM) reported earnings on 7/24/2018 before the market open of $3.07, beating estimates of $2.603 per share.

United Technologies (UTX) reported earnings on 7/24/2018 before the market open of $1.97, beating estimates calling for $1.88 per share.

Verizon (VZ) reported earnings on 7/24/2018 before the market open of $1.20, beating estimates of $1.159 per share.

Boeing (BA) reported earnings on 7/25/2018 before the market open of $3.33, missing estimates of $3.448 per share.

Coca Cola (KO) reported earnings on 7/25/2018 before the market open of $0.61, meeting expectations of $0.609 per share.

McDonald’s (MCD) reported earnings on 7/26/2018 before the market open of $1.90, missing estimates of $1.965 per share.

Intel (INTC) reported earnings on 7/26/2018 after the market close of $1.04, beating estimates of $1.00 per share.

Chevron (CVX) reported earnings on 7/27/2018 before the market open of $1.78, missing estimates calling for $2.095 per share.

Exxon Mobil (XOM) reported earnings on 7/27/2018 before the market open of $0.92, missing estimates calling for $1.249 per share.

Merck (MRK) reported earnings on 7/27/2018 before the market open of $1.06, meeting expectations of $1.059 per share.

Caterpillar (CAT) reported earnings on 7/30/2018 before the market open of $2.97, beating estimates calling for $2.747 per share.

Pfizer (PFE) reported earnings on 7/31/2018 before the market open of $0.81, beating estimates calling for $0.754 per share.

Procter & Gamble (PG) reported earnings on 7/31/2018 before the market open of $0.94, beating estimates of $0.913 per share.

Apple (AAPL) reported earnings on 7/31/2018 after the market close of $2.38, beating estimates calling for $2.228 per share.

DowDuPont (DWDP) reported earnings on 8/2/2018 before the market open of $1.37 per share.

Disney (DIS) reported earnings on 8/7/2018 after the market close of $1.87, missing estimates calling for $2.005 per share.

Home Depot (HD) reported earnings on 8/14/2018 before the market open of $3.05, beating estimates calling for $2.84 per share.

Cisco (CSCO) reported earnings on 8/15/2018 after the market close of $0.70, meeting expectations of $0.70 per share.

Walmart (WMT) reported earnings on 8/16/2018 before the market open of $1.29, beating estimates calling for $1.221 per share.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) is down -6.04% year-to-date.

Financial Calendar

Tentative MBA Delinquency Rates (QoQ), 4.63%

14:00 Michigan 5-Year Inflation Expectations (Aug), 2.40%

14:00 Michigan Consumer Expectations (Aug), 87.3

14:00 Michigan Consumer Sentiment (Aug), 98.1, 97.9

14:00 Michigan Current Conditions (Aug), 114.4

14:00 Michigan Inflation Expectations (Aug), 2.9%

14:30 ECRI Weekly Annualized (WoW), 0.6%

14:30 ECRI Weekly Index, 147.8

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

19:30 CFTC Copper speculative net positions, 2.2K

19:30 CFTC Crude Oil speculative net positions, 608.9K

19:30 CFTC Gold speculative net positions, 12.7K

19:30 CFTC S&P 500 speculative net positions, 165.2K

19:30 CFTC Silver speculative net positions, 4.3K

The Dow Market Happenings For Thursday, August 16, 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 +194 points.

Wednesday the Dow was down -137.51 (-0.54%) at 25,162.41.

Year-to-date the Dow is up +1.79%.

There were 13 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Merck (MRK) +1.37% and Procter & Gamble (PG) +1.22%.

The Dow stock losers Wednesday were led by Chevron (CVX) -3.79% and Boeing (BA) -2.18%.

Cisco Systems (CSCO -0.32%) climbed more than 5% in after-hours trading after it forecast Q1 revenue would gain 5% to 7%, higher than consensus of +3.7%.

Walmart (WMT -0.69%) jumped more than 6% in pre-market trading after it raised its full=year adjusted EPS forecast es-Flipkart to $4.90 to $5.05 from a February view of $4.75 to $5.00, and said it sees full-year net sales up +2.0% in constant currency from a prior forecast of +1.5%-2.0%

United Technologies (UTX -0.51%) was rated a new ‘Buy’ at UBS with a price target of $160.

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is down three-tenths of a cent at $2.854 per gallon.

Earnings Reports.

Walgreens (WBA) reported earnings on 6/28/2018 before the market open with $1.53 per share, beating estimates calling for $1.503 per share.

Nike (NKE) reported earnings on 6/28/2018 after the market close of $0.69, beating estimates of $0.673 per share.

JPMorgan (JPM) reported earnings on 7/13/2018 before the market open of $2.27, beating estimates calling for $2.27 per share.

Goldman Sachs (GS) reported earnings on 7/17/2018 before the market open of $5.98, beating estimates calling for $4.66 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/2018 before the market open of $2.10, beating estimates of $2.083 per share.

UnitedHealth (UNH) reported earnings on 7/17/2018 before the market open of $3.14, beating estimates of 3.088 per share.

American Express (AXP) reported earnings on 7/18/2018 after the market close of $1.84, missing estimates calling for $1.868 per share.

IBM (IBM) reported earnings on 7/18/2018 after the market close of $3.08, beating estimates calling for $3.058 per share.

Travelers (TRV) reported earnings on 7/19/2018 before the market open $1.92, missing estimates of $2.446 per share.

Microsoft (MSFT) reported earnings on 7/19/2018 after the market close of $1.13, beating estimates calling for $1.11 per share.

3M (MMM) reported earnings on 7/24/2018 before the market open of $3.07, beating estimates of $2.603 per share.

United Technologies (UTX) reported earnings on 7/24/2018 before the market open of $1.97, beating estimates calling for $1.88 per share.

Verizon (VZ) reported earnings on 7/24/2018 before the market open of $1.20, beating estimates of $1.159 per share.

Boeing (BA) reported earnings on 7/25/2018 before the market open of $3.33, missing estimates of $3.448 per share.

Coca Cola (KO) reported earnings on 7/25/2018 before the market open of $0.61, meeting expectations of $0.609 per share.

McDonald’s (MCD) reported earnings on 7/26/2018 before the market open of $1.90, missing estimates of $1.965 per share.

Intel (INTC) reported earnings on 7/26/2018 after the market close of $1.04, beating estimates of $1.00 per share.

Chevron (CVX) reported earnings on 7/27/2018 before the market open of $1.78, missing estimates calling for $2.095 per share.

Exxon Mobil (XOM) reported earnings on 7/27/2018 before the market open of $0.92, missing estimates calling for $1.249 per share.

Merck (MRK) reported earnings on 7/27/2018 before the market open of $1.06, meeting expectations of $1.059 per share.

Caterpillar (CAT) reported earnings on 7/30/2018 before the market open of $2.97, beating estimates calling for $2.747 per share.

Pfizer (PFE) reported earnings on 7/31/2018 before the market open of $0.81, beating estimates calling for $0.754 per share.

Procter & Gamble (PG) reported earnings on 7/31/2018 before the market open of $0.94, beating estimates of $0.913 per share.

Apple (AAPL) reported earnings on 7/31/2018 after the market close of $2.38, beating estimates calling for $2.228 per share.

DowDuPont (DWDP) reported earnings on 8/2/2018 before the market open of $1.37 per share.

Disney (DIS) reported earnings on 8/7/2018 after the market close of $1.87, missing estimates calling for $2.005 per share.

Home Depot (HD) reported earnings on 8/14/2018 before the market open of $3.05, beating estimates calling for $2.84 per share.

Cisco (CSCO) reported earnings on 8/15/2018 after the market close of $0.70, meeting expectations of $0.70 per share.

Walmart (WMT) reported earnings on 8/16/2018 before the market open of $1.29, beating estimates calling for $1.221 per share.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) is up +6.32% year-to-date.

Financial Calendar

12:30 Building Permits (Jul), 1.310M, 1.292M

12:30 Building Permits (MoM) (Jul), 1.4%, -0.7%

12:30 Continuing Jobless Claims , 1,750K, 1,755K

12:30 Housing Starts (MoM) (Jul), 7.4%, -12.3%

12:30 Housing Starts (Jul), 1.270M, 1.173M

12:30 Initial Jobless Claims, 215K, 213K

12:30 Jobless Claims 4-Week Avg., 214.25K

12:30 Philadelphia Fed Manufacturing Index (Aug), 22.0, 25.7

12:30 Philly Fed Business Conditions (Aug), 29.0

12:30 Philly Fed CAPEX Index (Aug), 31.40

12:30 Philly Fed Employment (Aug), 16.8

12:30 Philly Fed New Orders (Aug), 31.4

12:30 Philly Fed Prices Paid (Aug), 62.90

13:45 Bloomberg Consumer Confidence, 59.3

14:30 Natural Gas Storage, 47B, 46B

DJIA Market Happenings For Wednesday, August 15, 2018

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

The Market

Premarket today, the Dow was indicated to open down -175 points.

Tuesday the Dow was up +112.22 (+0.45%) at 25,299.92.

Year-to-date the Dow is up +2.35%.

There were 20 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Walgreens (WBA) +3.28% and McDonald’s (MCD) +1.56%.

The Dow stock losers Tuesday were led by Intel (INTC) -0.68% and Johnson & Johnson (JNJ) -0.55%.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is unchanged at $2.857 per gallon.

Earnings Reports.

Walgreens (WBA) reported earnings on 6/28/2018 before the market open with $1.53 per share, beating estimates calling for $1.503 per share.

Nike (NKE) reported earnings on 6/28/2018 after the market close of $0.69, beating estimates of $0.673 per share.

JPMorgan (JPM) reported earnings on 7/13/2018 before the market open of $2.27, beating estimates calling for $2.27 per share.

Goldman Sachs (GS) reported earnings on 7/17/2018 before the market open of $5.98, beating estimates calling for $4.66 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/2018 before the market open of $2.10, beating estimates of $2.083 per share.

UnitedHealth (UNH) reported earnings on 7/17/2018 before the market open of $3.14, beating estimates of 3.088 per share.

American Express (AXP) reported earnings on 7/18/2018 after the market close of $1.84, missing estimates calling for $1.868 per share.

IBM (IBM) reported earnings on 7/18/2018 after the market close of $3.08, beating estimates calling for $3.058 per share.

Travelers (TRV) reported earnings on 7/19/2018 before the market open $1.92, missing estimates of $2.446 per share.

Microsoft (MSFT) reported earnings on 7/19/2018 after the market close of $1.13, beating estimates calling for $1.11 per share.

3M (MMM) reported earnings on 7/24/2018 before the market open of $3.07, beating estimates of $2.603 per share.

United Technologies (UTX) reported earnings on 7/24/2018 before the market open of $1.97, beating estimates calling for $1.88 per share.

Verizon (VZ) reported earnings on 7/24/2018 before the market open of $1.20, beating estimates of $1.159 per share.

Boeing (BA) reported earnings on 7/25/2018 before the market open of $3.33, missing estimates of $3.448 per share.

Coca Cola (KO) reported earnings on 7/25/2018 before the market open of $0.61, meeting expectations of $0.609 per share.

McDonald’s (MCD) reported earnings on 7/26/2018 before the market open of $1.90, missing estimates of $1.965 per share.

Intel (INTC) reported earnings on 7/26/2018 after the market close of $1.04, beating estimates of $1.00 per share.

Chevron (CVX) reported earnings on 7/27/2018 before the market open of $1.78, missing estimates calling for $2.095 per share.

Exxon Mobil (XOM) reported earnings on 7/27/2018 before the market open of $0.92, missing estimates calling for $1.249 per share.

Merck (MRK) reported earnings on 7/27/2018 before the market open of $1.06, meeting expectations of $1.059 per share.

Caterpillar (CAT) reported earnings on 7/30/2018 before the market open of $2.97, beating estimates calling for $2.747 per share.

Pfizer (PFE) reported earnings on 7/31/2018 before the market open of $0.81, beating estimates calling for $0.754 per share.

Procter & Gamble (PG) reported earnings on 7/31/2018 before the market open of $0.94, beating estimates of $0.913 per share.

Apple (AAPL) reported earnings on 7/31/2018 after the market close of $2.38, beating estimates calling for $2.228 per share.

DowDuPont (DWDP) reported earnings on 8/2/2018 before the market open of $1.37 per share.

Disney (DIS) reported earnings on 8/7/2018 after the market close of $1.87, missing estimates calling for $2.005 per share.

Home Depot (HD) reported earnings on 8/14/2018 before the market open of $3.05, beating estimates calling for $2.84 per share.

Cisco (CSCO) reports earnings on 8/15/2018 after the market close.

Walmart (WMT) reports earnings on 8/16/2018 before the market open.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) is down -7.31% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.84%

11:00 MBA Mortgage Applications (WoW), -3.0%

11:00 MBA Purchase Index, 233.1

11:00 Mortgage Market Index, 342.5

11:00 Mortgage Refinance Index, 927.6

12:30 Core Retail Sales (MoM) (Jul), 0.4%, 0.4%

12:30 Nonfarm Productivity (QoQ) (Q2), 2.5%, 0.4%

12:30 NY Empire State Manufacturing Index (Aug), 20.30, 22.60

12:30 Retail Control (MoM) (Jul), 0.4%, 0.8%

12:30 Retail Sales (MoM) (Jul), 0.2%, 0.5%

12:30 Retail Sales Ex Gas/Autos (MoM) (Jul), 0.3%

12:30 Unit Labor Costs (QoQ) (Q2), 0.4%, 2.9%

13:15 Capacity Utilization Rate (Jul), 78.3%, 78.0%

13:15 Industrial Production (YoY), 3.8%

13:15 Industrial Production (MoM) (Jul), 0.3%, 0.6%

13:15 Manufacturing Production (MoM) (Jul), 0.3%, 0.8%

14:00 Business Inventories (MoM) (Jun), 0.2%, 0.4%

Tentative MBA Delinquency Rates (QoQ), 4.63%

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

14:30 Crude Oil Inventories, -2.499M, -1.351M

14:30 Crude Oil Imports, -0.358M

14:30 Cushing Crude Oil Inventories, -0.590M

14:30 Distillate Fuel Production, 0.078M

14:30 EIA Weekly Distillates Stocks, 0.964M, 1.230M

14:30 Gasoline Production, -0.570M

14:30 Heating Oil Stockpiles, 0.246M

14:30 Gasoline Inventories, -0.583M, 2.900M

20:00 US Foreign Buying, T-bonds (Jun), 26.70B

20:00 Overall Net Capital Flow (Jun), -80.00B, 69.90B

20:00 TIC Net Long-Term Transactions (Jun), 32.3B, 45.6B

20:00 TIC Net Long-Term Transactions including Swaps (Jun), 31.20B