DJIA Market Happenings For Monday, October 23, 2017

Dow stocks at 52 week highs include Boeing (BA),Caterpillar (CAT), Intel (INTC), 3M (MMM), Microsoft (MSFT), UnitedHealth (UNH) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +35 points.

Friday the Dow was up +165.59 (+0.71%) at 23,328.63.

Year-to-date the Dow is up +18.04%.

There were 26 Dow stocks up Friday.

The Dow stock winners Friday were led by Boeing (BA) +2.20% and UnitedHealth (UNH) +2.09%.

The Dow stock losers Friday were led by Procter & Gamble (PG) -3.65% and Coca Cola (KO) -0.45%.

General Electric (GE +1.06%) was downgraded to ‘Underweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $22.

Johnson & Johnson (JNJ +0.25%) said its Janssen Biotech company received FDA approval for its SIMPONI ARIA drug for the treatment of adults with active psoriatic arthritis or active ankylosing spondylitis.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up two-tenths of a cent at $2.455 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/26/17 after the market close of $0.57, beating estimates calling for $0.515 per share.

JPMorgan (JPM) reported earnings on 10/12/2017 before the market open of $1.76, beating estimates calling for $1.709 per share.

Goldman Sachs (GS) reported earnings on 10/17/2017 before the market open of $5.02, beating estimates calling for $4.343 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/2017 before the market open of $1.90, beating estimates of $1.823 per share.

UnitedHealth (UNH) reported earnings on 10/17/2017 before the market open of $2.66, beating estimates calling for $2.607 per share.

IBM (IBM) reported earnings on 10/17/2017 after the market close of $3.30, missing estimates calling for $3.325 per share.

American Express (AXP) reported earnings on 10/18/2017 after the market close of $1.50, beating estimates of $1.487 per share.

Travelers (TRV) reported earnings on 10/19/2017 before the market open of $0.91, beating estimates calling for $0.724 per share.

Verizon (VZ) report earnings on 10/19/2017 before the market open of $0.98, matching estimates of $0.984 per share.

General Electric (GE) reported earnings on 10/20/2017 before the market open of $0.29, missing estimates calling for $0.49 per share.

Procter & Gamble (PG) reported earnings on 10/20/2017 before the market open of $1.09, meeting estimates of $1.093 per share.

3M (MMM) reports earnings on 10/24/2017 before the market open.

Caterpillar (CAT) reports earnings on 10/24/2017 before the market open.

McDonald’s (MCD) reports earnings on 10/24/2017 before the market open.

United Technologies (UTX) reports earnings on 10/24/2017 before the market open.

Boeing (BA) reports earnings on 10/25/2017 before the market open.

Coca Cola (KO) reports earnings on 10/25/2017 before the market open.

Visa (V) reports earnings on 10/25/2017 before the market open.

Intel (INTC) reports earnings on 10/26/2017 after the market close.

Microsoft (MSFT) reports earnings on 10/26/2017 after the market close.

Chevron (CVX) reports earnings on 10/27/2017 before the market open.

Merck (MRK) reports earnings on 10/27/2017 before the market open.

Exxon Mobil (XOM) reports earnings on 10/27/2017 before the market open.

Pfizer (PFE) reports earnings on 10/31/2017 before the market open.

Apple (AAPL) reports earnings on 11/2/2017 after the market close.

Disney (DIS) reports earnings on 11/9/2017 after the market close.

Home Depot (HD) reports earnings on 11/14/2017 before the market open.

Cisco (CSCO) reports earnings on 11/15/2017 after the market close.

Wal-Mart (WMT) reports earnings on 11/16/2017 before the market open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) is up +13.90% year-to-date.

Financial Calendar

0830 ET Sep Chicago Fed national activity index expected +0.21 to -0.10, Aug -0.34 to -0.31.

1100 ET USDA weekly grain export inspections.

1500 ET USDA Sep Cold Storage.

1600 ET USDA crop conditions and progress report.

The Dow Market Happenings For Friday, October 20, 2017

Dow stocks at 52 week highs include Intel (INTC), Johnson & Johnson (JNJ), McDonald’s (MCD), Microsoft (MSFT) and Travelers (TRV). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +85 points.

Thursday the Dow was up +5.44 (+0.02%) at 23,163.04.

Year-to-date the Dow is up +17.21%.

There were 19 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Travelers (TRV) +2.42% and General Electric (GE) +1.99%.

The Dow stock losers Thursday were led by Apple (AAPL) -2.37% and UnitedHealth (UNH) -0.96%.

General Electric (GE +1.99%) tumbled 5% in premarket trading after it reported Q3 adjusted EPS of 29 cents, well below consensus of 50 cents

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up one-tenth of a cent at $2.458 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/26/17 after the market close of $0.57, beating estimates calling for $0.515 per share.

JPMorgan (JPM) reported earnings on 10/12/2017 before the market open of $1.76, beating estimates calling for $1.709 per share.

Goldman Sachs (GS) reported earnings on 10/17/2017 before the market open of $5.02, beating estimates calling for $4.343 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/2017 before the market open of $1.90, beating estimates of $1.823 per share.

UnitedHealth (UNH) reported earnings on 10/17/2017 before the market open of $2.66, beating estimates calling for $2.607 per share.

IBM (IBM) reported earnings on 10/17/2017 after the market close of $3.30, missing estimates calling for $3.325 per share.

American Express (AXP) reported earnings on 10/18/2017 after the market close of $1.50, beating estimates of $1.487 per share.

Travelers (TRV) reported earnings on 10/19/2017 before the market open of $0.91, beating estimates calling for $0.724 per share.

Verizon (VZ) report earnings on 10/19/2017 before the market open of $0.98, matching estimates of $0.984 per share.

General Electric (GE) reported earnings on 10/20/2017 before the market open of $0.29, missing estimates calling for $0.49 per share.

Procter & Gamble (PG) reported earnings on 10/20/2017 before the market open of $1.09, meeting estimates of $1.093 per share.

3M (MMM) reports earnings on 10/24/2017 before the market open.

Caterpillar (CAT) reports earnings on 10/24/2017 before the market open.

McDonald’s (MCD) reports earnings on 10/24/2017 before the market open.

United Technologies (UTX) reports earnings on 10/24/2017 before the market open.

Boeing (BA) reports earnings on 10/25/2017 before the market open.

Coca Cola (KO) reports earnings on 10/25/2017 before the market open.

Visa (V) reports earnings on 10/25/2017 before the market open.

Intel (INTC) reports earnings on 10/26/2017 after the market close.

Microsoft (MSFT) reports earnings on 10/26/2017 after the market close.

Chevron (CVX) reports earnings on 10/27/2017 before the market open.

Merck (MRK) reports earnings on 10/27/2017 before the market open.

Exxon Mobil (XOM) reports earnings on 10/27/2017 before the market open.

Pfizer (PFE) reports earnings on 10/31/2017 before the market open.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is up +11.29% year-to-date.

Financial Calendar

1000 ET Sep existing home sales expected -0.9% to 5.30 million, Aug -1.7% to 5.35 million.

1400 ET Cleveland Fed President Loretta Mester (non-voter) takes part in a panel discussion on the global regulatory structure at a global finance and technology conference in New York.

1500 ET USDA Sep Cattle on Feed.

1930 ET Fed Chair Janet Yellen speaks at the National Economists Club in Washington D.C.

DJIA Market Happenings For Thursday, October 19, 2017

Dow stocks at 52 week highs include Intel (INTC), Johnson & Johnson (JNJ), JPMorgan (JPM), McDonald’s (MCD) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -87 points.

Wednesday the Dow was up +160.16 (+0.70%) at 23,157.60.

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

There were 18 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by IBM (IBM) +8.86% and Goldman Sachs (GS) +2.52%.

The Dow stock losers Wednesday were led by Chevron (CVX) -1.72% and Pfizer (PFE) -1.02%.

Nike (NKE +0.58%) was downgraded to ‘Neutral’ from ‘Buy’ at Goldman Sachs.

The Labor Department said Thursday that claims for jobless aid dropped by 22,000 to 222,000, fewest since March 1973. The less volatile four-week average slid by 9,500 to 248,250, lowest since late August. The overall number of Americans collecting unemployment checks dropped to 1.89 million, lowest since December 1973 and down nearly 9 percent from a year ago.

Verizon (VZ) reported adjusted EPS of 98 cents a share, excluding items, matching the consensus estimate. Revenue was $31.72 billion vs. $31.45 billion estimate. Net adds were 603,000 (486,000 smartphones) vs. increase of 438,000 retail postpaid connections expected.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down four-tenths of a cent at $2.457 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/26/17 after the market close of $0.57, beating estimates calling for $0.515 per share.

JPMorgan (JPM) reported earnings on 10/12/2017 before the market open of $1.76, beating estimates calling for $1.709 per share.

Goldman Sachs (GS) reported earnings on 10/17/2017 before the market open of $5.02, beating estimates calling for $4.343 per share.

Johnson & Johnson (JNJ) reported earnings on 10/17/2017 before the market open of $1.90, beating estimates of $1.823 per share.

UnitedHealth (UNH) reported earnings on 10/17/2017 before the market open of $2.66, beating estimates calling for $2.607 per share.

IBM (IBM) reported earnings on 10/17/2017 after the market close of $3.30, missing estimates calling for $3.325 per share.

American Express (AXP) reported earnings on 10/18/2017 after the market close of $1.50, beating estimates of $1.487 per share.

Travelers (TRV) reported earnings on 10/19/2017 before the market open of $0.91, beating estimates calling for $0.724 per share.

Verizon (VZ) report earnings on 10/19/2017 before the market open of $0.98, matching estimates of $0.984 per share.

General Electric (GE) reports earnings on 10/20/2017 before the market open.

Procter & Gamble (PG) reports earnings on 10/20/2017 before the market open.

Caterpillar (CAT) reports earnings on 10/20/2017 before the market open.

3M (MMM) reports earnings on 10/24/2017 before the market open.

McDonald’s (MCD) reports earnings on 10/24/2017 before the market open.

United Technologies (UTX) reports earnings on 10/24/2017 before the market open.

Boeing (BA) reports earnings on 10/25/2017 before the market open.

Coca Cola (KO) reports earnings on 10/25/2017 before the market open.

Visa (V) reports earnings on 10/25/2017 before the market open.

Intel (INTC) reports earnings on 10/26/2017 after the market close.

Microsoft (MSFT) reports earnings on 10/26/2017 after the market close.

Chevron (CVX) reports earnings on 10/27/2017 before the market open.

Merck (MRK) reports earnings on 10/27/2017 before the market open.

Exxon Mobil (XOM) reports earnings on 10/27/2017 before the market open.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) is up +21.53% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -3,000 to 240,000, previous -15,000 to 243,000. Weekly continuing claims expected +1,000 to 1.890 million, previous -32,000 to 1.889 million.

0830 ET Oct Philadelphia Fed business outlook survey expected -1.8 to 22.0, Sep +4.9 to 23.8.

0830 ET USDA weekly Export Sales.

1000 ET Sep leading indicators expected +0.1%, Aug +0.4%.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Oct 24-26.

1300 ET Treasury auctions $5 billion of 30-year TIPS.