DJIA Market Happenings For Wednesday, July 17, 2019

Dow stocks at 52 week highs include American Express (AXP), Cisco (CSCO), Coca Cola (KO), McDonald’s (MCD), Procter & Gamble (PG), Travelers (TRV) and Walmart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -21 points.

Tuesday the Dow was down -23.53 (-0.09%) at 27,335.63.

Year-to-date the Dow is up +17.18%.

There were 10 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Dow (DOW) +2.73%, 3M (MMM) +2.11% and Goldman Sachs (GS) +1.86%.

The Dow stock losers Tuesday were led by Intel (INTC) -1.90%, Johnson & Johnson (JNJ) -1.64% and Exxon Mobil (XOM) -1.49%.

Goldman Sachs raised its Apple (AAPL) price target to $187 per share, up from $171. Apple closed Tuesday at $204.50 per share, roughly 9.4% higher than Goldman’s revised target. Goldman attributed the boost to updated calculations that reflect the S&P 500′s price-to-earnings ratio.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is unchanged at $2.793 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 6/27/2019 before the market open of $1.47, beating estimates calling for $1.46 per share.

Nike (NKE) reported earnings on 6/27/2019 after the market close of $0.62, missing estimates calling for $0.698 per share.

Goldman Sachs (GS) reported earnings on 7/16/2019 before the market open of $5.81, beating estimates of $5.149 per share.

Johnson & Johnson (JNJ) reported earnings on 7/16/2019 before the market open of $2.58, beating estimates of $2.436 per share.

JPMorgan (JPM) reported earnings on 7/16/2019 before the market open of $2.82, beating estimates of $2.568 per share.

IBM (IBM) reports earnings on 7/17/2019 after the market close.

UnitedHealth (UNH) reports earnings on 7/18/2019 before the market open.

Microsoft (MSFT) reports earnings on 7/18/2019 after the market close.

American Express (AXP) reports earnings on 7/19/2019 before the market open.

Coca Cola (KO) reports earnings on 7/23/2019 before the market open.

Travelers (TRV) reports earnings on 7/23/2019 before the market open.

United Technologies (UTX) reports earnings on 7/23/2019 before the market open.

Visa (V) reports earnings on 7/23/2019 after the market close.

Boeing (BA) reports earnings on 7/24/2019 before the market open.

Caterpillar (CAT) reports earnings on 7/24/2019 before the market open.

3M (MMM) reports earnings on 7/25/2019 before the market open.

Dow (DOW) reports earnings on 7/25/2019 before the market open.

Intel (INTC) reports earnings on 7/25/2019 after the market close.

McDonald’s (MCD) reports earnings on 7/26/2019 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +6.24% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Housing Starts

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET Beige Book

The Dow Market Happenings For Tuesday, July 16, 2019

Dow stocks at 52 week highs include American Express (AXP), Cisco (CSCO), Home Depot (HD), Microsoft (MSFT), Procter & Gamble (PG), Travelers (TRV) and Walmart (WMT). There are no Dow stock 52 week lows.

The Market

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

Monday the Dow was up +27.13 (+0.10%) at 27,359.16.

Year-to-date the Dow is up +17.28%.

There were 22 Dow stocks up Monday.

The Dow stock winners Monday were led by Dow (DOW) +2.45%, Merck (MRK) +1.54% and Apple (AAPL) +0.94%.

The Dow stock losers Monday were led by JPMorgan (JPM) -1.21%, Goldman Sachs (GS) -1.10% and Boeing (BA) -1.02%.

Goldman Sachs (GS) reported better-than-expected financial results for the second quarter of 2019 as equity sales-and-trading revenue beat analysts forecasts. The firm also exceeded consensus estimates for overall revenue and earnings per share. Revenue was $9.46 billion, versus $8.8 billion expected. Earnings per share was $5.81, versus $4.93 expected. Equities sales & trading revenue was $2.01 billion, versus $1.79 billion estimated by analysts. Fixed income sales and trading revenue was $1.47 billion, versus $1.58 billion expected.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up one-tenth of a cent at $2.793 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 6/27/2019 before the market open of $1.47, beating estimates calling for $1.46 per share.

Nike (NKE) reported earnings on 6/27/2019 after the market close of $0.62, missing estimates calling for $0.698 per share.

Goldman Sachs (GS) reported earnings on 7/16/2019 before the market open of $5.81, beating estimates of $5.149 per share.

Johnson & Johnson (JNJ) reported earnings on 7/16/2019 before the market open of $2.58, beating estimates of $2.436 per share.

JPMorgan (JPM) reported earnings on 7/16/2019 before the market open of $2.82, beating estimates of $2.568 per share.

IBM (IBM) reports earnings on 7/17/2019 after the market close.

UnitedHealth (UNH) reports earnings on 7/18/2019 before the market open.

Microsoft (MSFT) reports earnings on 7/18/2019 after the market close.

American Express (AXP) reports earnings on 7/19/2019 before the market open.

Coca Cola (KO) reports earnings on 7/23/2019 before the market open.

Travelers (TRV) reports earnings on 7/23/2019 before the market open.

United Technologies (UTX) reports earnings on 7/23/2019 before the market open.

Visa (V) reports earnings on 7/23/2019 after the market close.

Boeing (BA) reports earnings on 7/24/2019 before the market open.

Caterpillar (CAT) reports earnings on 7/24/2019 before the market open.

3M (MMM) reports earnings on 7/25/2019 before the market open.

Dow (DOW) reports earnings on 7/25/2019 before the market open.

Intel (INTC) reports earnings on 7/25/2019 after the market close.

McDonald’s (MCD) reports earnings on 7/26/2019 before the market open.

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +25.12% year-to-date.

Financial Calendar

8:30 AM ET Retail Sales

8:30 AM ET Import and Export Prices

8:55 AM ET Redbook

9:15 AM ET Industrial Production

10:00 AM ET Business Inventories

10:00 AM ET Housing Market Index

4:00 PM ET Treasury International Capital

DJIA Market Happenings For Monday, July 15, 2019

Dow stocks at 52 week highs include Disney (DIS), Home Depot (HD), Procter & Gamble (PG), Visa (V) and Walmart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +42 points.

Friday the Dow was up +243.95 (+0.90%) at 27,332.03.

Year-to-date the Dow is up +17.17%.

There were 26 Dow stocks up Friday.

The Dow stock winners Friday were led by Dow (DOW) +4.04%, Caterpillar (CAT) +3.28% and Intel (INTC) +2.72%.

The Dow stock losers Friday were led by Johnson & Johnson (JNJ) -4.15%, Merck (MRK) -1.57% and Pfizer (PFE) -1.35%.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up three-tenths of a cent at $2.792 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 6/27/2019 before the market open of $1.47, beating estimates calling for $1.46 per share.

Nike (NKE) reported earnings on 6/27/2019 after the market close of $0.62, missing estimates calling for $0.698 per share.

Goldman Sachs (GS) reports earnings on 7/16/2019 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/16/2019 before the market open.

JPMorgan (JPM) reports earnings on 7/16/2019 before the market open.

IBM (IBM) reports earnings on 7/17/2019 after the market close.

UnitedHealth (UNH) reports earnings on 7/18/2019 before the market open.

Microsoft (MSFT) reports earnings on 7/18/2019 after the market close.

American Express (AXP) reports earnings on 7/19/2019 before the market open.

Coca Cola (KO) reports earnings on 7/23/2019 before the market open.

Travelers (TRV) reports earnings on 7/23/2019 before the market open.

United Technologies (UTX) reports earnings on 7/23/2019 before the market open.

Visa (V) reports earnings on 7/23/2019 after the market close.

Boeing (BA) reports earnings on 7/24/2019 before the market open.

Caterpillar (CAT) reports earnings on 7/24/2019 before the market open.

3M (MMM) reports earnings on 7/25/2019 before the market open.

Dow (DOW) reports earnings on 7/25/2019 before the market open.

Intel (INTC) reports earnings on 7/25/2019 after the market close.

Today’s Featured Dow Stock

Travelers (TRV)

Travelers (TRV) is up +28.09% year-to-date.

Financial Calendar

8:30 AM ET Empire State Mfg Survey