DJIA Market Happenings For Thursday, September 20, 2018

Dow stocks at 52 week highs include American Express (AXP), Nike (NKE), Pfizer (PFE), United Technologies (UTX) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +137 points.

Wednesday the Dow was up +158.80 (+0.61%) at 26,405.76.

Year-to-date the Dow is up +6.82%.

There were 20 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Goldman Sachs (GS) +2.92% and JPMorgan (JPM) +2.90%.

The Dow stock losers Wednesday were led by Verizon (VZ) -1.64% and Microsoft (MSFT) -1.33%.

Caterpillar (CAT +2.48%) was upgraded to ‘Outperform’ from ‘Neutral’ at Baird with a price target of $191.

Unemployment insurance weekly claims in the week ending September 15, the advance figure for seasonally adjusted initial claims was 201,000, a decrease of 3,000 from the previous week’s unrevised level of 204,000. This is the lowest level for initial claims since November 15, 1969 when it was 197,000. The 4-week moving average was 205,750, a decrease of 2,250 from the previous week’s unrevised average of 208,000. This is the lowest level for this average since December 6, 1969 when it was 204,500. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending September 8, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending September 8 was 1,645,000, a decrease of 55,000 from the previous week’s revised level. This is the lowest level for insured unemployment since August 4, 1973 when it was 1,633,000. The previous week’s level was revised up 4,000 from 1,696,000 to 1,700,000. The 4-week moving average was 1,691,500, a decrease of 20,750 from the previous week’s revised average. This is the lowest level for this average since November 17, 1973 when it was 1,686,000. The previous week’s average was revised up by 1,000 from 1,711,250 to 1,712,250.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up two-tenths of a cent at $2.845 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 9/25/2018 after the market close.

Today’s Featured Dow Stock

Exxon Mobil (XOM)

Exxon Mobil (XOM) is up +1.15% year-to-date.

Financial Calendar

Tentative USD OPEC Meeting
12:30 USD Continuing Jobless Claims, 1,705K, 1,696K

12:30 USD Initial Jobless Claims, 210K, 204K

12:30 USD Jobless Claims 4-Week Avg., 208.00K

12:30 USD Philadelphia Fed Manufacturing Index (Sep), 17.0, 11.9

12:30 USD Philly Fed Business Conditions (Sep), 38.8

12:30 USD Philly Fed CAPEX Index (Sep), 27.10

12:30 USD Philly Fed Employment (Sep), 14.3

12:30 USD Philly Fed New Orders (Sep), 9.9

12:30 USD Philly Fed Prices Paid (Sep), 55.00

14:00 USD Existing Home Sales (Aug), 5.35M, 5.34M

14:00 USD Existing Home Sales (MoM) (Aug), 0.3%, -0.7%

14:30 USD Natural Gas Storage, 84B, 69B

17:00 USD 10-Year TIPS Auction, 0.762%

The Dow Market Happenings For Wednesday, September 19, 2018

Dow stocks at 52 week highs include American Express (AXP), Nike (NKE), Pfizer (PFE) and United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +13 points.

Tuesday the Dow was down -92.55 (-0.35%) at 26,062.12.

Year-to-date the Dow is up +6.18%.

There were 23 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Nike (NKE) +2.40% and Boeing (BA) +2.14%.

The Dow stock losers Tuesday were led by DowDuPont (DWDP) -1.15% and Coca Cola (KO) -0.84%.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down three-tenths of a cent at $2.843 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 9/25/2018 after the market close.

Today’s Featured Dow Stock

DowDuPont (DWDP)

DowDuPont (DWDP) is down -4.48% year-to-date.

Financial Calendar

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

11:00 MBA Mortgage Applications (WoW), -1.8%

11:00 MBA Purchase Index, 233.5

11:00 Mortgage Market Index, 337.4

11:00 Mortgage Refinance Index, 884.3

12:30 Building Permits (Aug), 1.310M, 1.311M

12:30 Building Permits (MoM) (Aug), -0.1%, 1.5%

12:30 Current Account (Q2), -103.5B, -124.1B

12:30 Housing Starts (MoM) (Aug), 5.8%, 0.9%

12:30 Housing Starts (Aug), 1.235M, 1.168M

14:30 Crude Oil Inventories, -2.741M, -5.296M

14:30 Crude Oil Imports, -0.443M

14:30 Cushing Crude Oil Inventories, -1.242M

14:30 Distillate Fuel Production, 0.097M

14:30 EIA Weekly Distillates Stocks, 0.651M, 6.163M

14:30 Gasoline Production, 0.169M

14:30 Heating Oil Stockpiles, 0.206M

14:30 Gasoline Inventories, -0.104M, 1.250M

DJIA Market Happenings For Tuesday, September 18, 2018

Dow stocks at 52 week highs include American Express (AXP), Nike (NKE) and Pfizer (PFE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +120 points.

Monday the Dow was down -92.55 (-0.35%) at 26,062.12.

Year-to-date the Dow is up +5.43%.

There were 15 Dow stocks up Monday.

The Dow stock winners Monday were led by Caterpillar (CAT) +0.91% and 3M (MMM)

The Dow stock losers Monday were led by Apple (AAPL) -2.66% and McDonald’s (MCD) -1.68%.

Walmart (WMT +0.24%) was rated a new ‘Outperform’ at BMO Capital Markets with a price target of $110.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down five-tenths of a cent at $2.846 per gallon.

Earnings Reports.

Nike (NKE) reports earnings on 9/25/2018 after the market close.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) is up +1.72% year-to-date.

Financial Calendar

Tentative OPEC Meeting

12:55 Redbook (MoM), 0.8%

12:55 Redbook (YoY), 6.3%

14:00 NAHB Housing Market Index (Sep), 66, 67

15:30 4-Week Bill Auction, 1.975%

20:00 US Foreign Buying, T-bonds (Jul), -48.60B

20:00 Overall Net Capital Flow (Jul), 114.50B

20:00 TIC Net Long-Term Transactions (Jul), 65.1B, -36.5B

20:00 TIC Net Long-Term Transactions including Swaps (Jul), -51.40B

20:30 API Weekly Crude Oil Stock, -8.636M