DJIA Market Happenings For Friday, January 20, 2017

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 +19 points.

Thursday the Dow was down -72.32 (-0.37%) at 19,732.40.

Year-to-date the Dow is down -0.15%.

There were 8 Dow stocks up Thursday.

The Dow stock winners Thursday were led by UnitedHealth (UNH) +0.61% and Boeing (BA) +0.43%.

The Dow stock losers Thursday were led by Exxon Mobil (XOM) -1.80% and Merck (MRK) -1.37%.

Goldman Sachs (GS -1.23%) was upgraded to ‘Market Outperform’ from ‘Market Perform’ at Vining Sparks with a 12-month target price of $255.

Shares of General Electric edged lower in premarket trading Friday after the company reported quarterly revenue that fell short of expectations. The company’s fourth-quarter earnings of 46 cents per share were in line with forecasts, but revenue was $33.08 billion, less than the consensus estimate of $33.63 billion.

Procter & Gamble (PG) reported fiscal second-quarter earnings that topped analysts’ estimates as the company sold more new and premium products. Profit was $1.08 a share, excluding some items, in the quarter ended Dec. 31. Analysts estimated $1.06 per share.

European stocks are mostly higher and Asian markets ended mostly higher.

The national average price of gasoline is down six-tenths of a cent at $2.326 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/20/16 after the market close of $0.50, beating estimates calling for $0.431 per share.

JPMorgan (JPM) reported earnings on 1/13/2016 before the market open of $1.71, beating estimates calling for $1.422 per share.

UnitedHealth (UNH) reported earnings on 1/17/2017 before the market open of $2.11, beating estimates of $2.073 per share.

Goldman Sachs (GS) reported earnings on 1/18/2017 before the market open of $5.08, beating estimates of $4.761 per share.

American Express (AXP) reported earnings on 1/19/2017 after the market close of $0.91, lower than estimates calling for $0.979 per share.

IBM (IBM) reported earnings on 1/19/2017 after the market close of $5.01, beating estimates calling for $4.89 per share.

General Electric (GE) reported earnings on 1/20/2017 before the market open of $1.08, beating estimates of $1.06 per share.

McDonald’s (MCD) reports earnings on 1/23/2017 before the market open.

Dupont (DD) reports earnings on 1/24/2017 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/2017 before the market open.

3M (MMM) reports earnings on 1/24/2017 before the market open.

Travelers (TRV) reports earnings on 1/24/2017 before the market open.

Verizon (VZ) reports earnings on 1/24/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

Procter & Gamble (PG) reports earnings on 1/25/2017 before the market open.

United Technologies (UTX) reports earnings on 1/25/2017 before the market open.

Caterpillar (CAT) reports earnings on 1/26/2017 before the market open.

Intel (INTC) reports earnings on 1/26/2017 after the market close.

Microsoft (MSFT) reports earnings on 1/26/2017 after the market close.

Chevron (CVX) reports earnings on 1/27/2017 after the market close.

Exxon Mobil (XOM) reports earnings on 1/31/2017 before the market open.

Apple (AAPL) reports earnings on 1/31/2017 after the market close.

Pfizer (PFE) reports earnings on 1/31/2017 after the market close.

Disney (DIS) reports earnings on 2/7/2017 after the market close.

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is down -1.23% year-to-date.

Financial Calendar

0830 ET USDA weekly Export Sales.

0900 ET Philadelphia Fed President Patrick Harker (voter) speaks on the economic outlook at an event in New Jersey.

1200 ET President-elect Trump is inaugurated as President.

1300 ET San Francisco Fed President John Williams (non-voter) delivers closing remarks at the Bay Area Council meeting.

1545 ET San Francisco Fed President John Williams (non-voter) speaks at the Solano Economic Development Corporations Annual Luncheon meeting.

The Dow Market Happenings For Thursday, January 19, 2017

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

The Market

Premarket today, the Dow was indicated to open down -12 points.

Wednesday the Dow was down -22.05 (-0.11%) at 19,804.72.

Year-to-date the Dow is up +0.21%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by American Express (AXP) +1.16% and Travelers (TRV) +0.92%.

The Dow stock losers Wednesday were led by UnitedHealth (UNH) -1.82% and Exxon Mobil (XOM) -1.24%.

Exxon Mobile (XOM -1.24%) was downgraded to ‘Sell’ from ‘Neutral’ at UBS with a price target of $77.

Initial jobless claims sank by 15,000 to 234,000 in the week ended Jan 14. Economists had expected new claims to total 245,000. The monthly average of claims also fell by 10,250 to 246,750 to mark the lowest level since November 1973.

European stocks are mostly higher and Asian markets ended mostly lower.

The national average price of gasoline is down three-tenths of a cent at $2.332 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/20/16 after the market close of $0.50, beating estimates calling for $0.431 per share.

JPMorgan (JPM) reported earnings on 1/13/2016 before the market open of $1.71, beating estimates calling for $1.422 per share.

UnitedHealth (UNH) reported earnings on 1/17/2017 before the market open of $2.11, beating estimates of $2.073 per share.

Goldman Sachs (GS) reported earnings on 1/18/2017 before the market open of $5.08, beating estimates of $4.761 per share.

American Express (AXP) reports earnings on 1/19/2017 after the market close.

IBM (IBM) reports earnings on 1/19/2017 after the market close.

General Electric (GE) reports earnings on 1/20/2017 before the market open.

McDonald’s (MCD) reports earnings on 1/23/2017 before the market open.

Dupont (DD) reports earnings on 1/24/2017 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/2017 before the market open.

3M (MMM) reports earnings on 1/24/2017 before the market open.

Travelers (TRV) reports earnings on 1/24/2017 before the market open.

Verizon (VZ) reports earnings on 1/24/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

Procter & Gamble (PG) reports earnings on 1/25/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

United Technologies (UTX) reports earnings on 1/25/2017 before the market open.

Caterpillar (CAT) reports earnings on 1/26/2017 before the market open.

Intel (INTC) reports earnings on 1/26/2017 after the market close.

Microsoft (MSFT) reports earnings on 1/26/2017 after the market close.

Chevron (CVX) reports earnings on 1/27/2017 after the market close.

Exxon Mobil (XOM) reports earnings on 1/31/2017 before the market open.

Apple (AAPL) reports earnings on 1/31/2017 after the market close.

Pfizer (PFE) reports earnings on 1/31/2017 after the market close.

Disney (DIS) reports earnings on 2/7/2017 after the market close.

Today’s Featured Dow Stock

Exxon Mobil (XOM)

Exxon Mobil (XOM) is down -4.41% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +5,000 to 252,000, previous +10,000 to 247,000. Weekly continuing claims expected -12,000 to 2.075 million, previous -29,000 to 2.087 million.

0830 ET Dec housing starts expected +8.9% to 1.187 million, Nov 18.7% to 1.090 million. Dec building permits expected +1.1% to 1.225 million, Nov -3.8% to 1.212 million.

0830 ET Jan Philadelphia Fed business outlook survey expected -4.9 to 15.1, Dec +11.0 to 19.7.

1100 ET EIA Weekly Petroleum Status Report.

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 Jan 24-26.

1300 ET Treasury auctions $13 billion of 10-year TIPS.

2000 ET Fed Chair Janet Yellen speaks to the Stanford Institute for Economic Policy Research.

DJIA Market Happenings For Wednesday, January 18, 2017

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

The Market

Premarket today, the Dow was indicated to open up +27 points.

Tuesday the Dow was down -58.96 (+0.30%) at 19,826.77.

Year-to-date the Dow is up +0.32%.

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Wal-Mart (WMT) +1.92% and Procter & Gamble (PG) +1.43%.

The Dow stock losers Tuesday were led by JPMorgan (JPM) -3.63% and Goldman Sachs (GS) -3.50%.

The United States on Wednesday sued JPMorgan (JPM), accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009. Filed in a Manhattan federal court, the government’s complaint accuses the bank of violating the U.S. Fair Housing Act and the Equal Credit Opportunity Act by charging thousands of African-American and Hispanic borrowers more for home loans than white borrowers with the same credit profile.

Goldman Sachs (GS) said it earned $5.08 a share on revenue of $8.17 billion, with $2.15 billion in net income representing a near-quadrupling in profit. Goldman was expected to post earnings of $4.82 a share on revenue of $7.742 billion, according to analysts. Return on equity was 11.4 percent compared to a 10 percent benchmark for cost of capital.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is down three-tenths of a cent at $2.335 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/20/16 after the market close of $0.50, beating estimates calling for $0.431 per share.

JPMorgan (JPM) reported earnings on 1/13/2016 before the market open of $1.71, beating estimates calling for $1.422 per share.

UnitedHealth (UNH) reported earnings on 1/17/2017 before the market open of $2.11, beating estimates of $2.073 per share.

Goldman Sachs (GS) reported earnings on 1/18/2017 before the market open of $5.08, beating estimates of $4.761 per share.

American Express (AXP) reports earnings on 1/19/2017 after the market close.

IBM (IBM) reports earnings on 1/19/2017 after the market close.

General Electric (GE) reports earnings on 1/20/2017 before the market open.

McDonald’s (MCD) reports earnings on 1/23/2017 before the market open.

Dupont (DD) reports earnings on 1/24/2017 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/2017 before the market open.

3M (MMM) reports earnings on 1/24/2017 before the market open.

Travelers (TRV) reports earnings on 1/24/2017 before the market open.

Verizon (VZ) reports earnings on 1/24/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

Procter & Gamble (PG) reports earnings on 1/25/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

United Technologies (UTX) reports earnings on 1/25/2017 before the market open.

Caterpillar (CAT) reports earnings on 1/26/2017 before the market open.

Intel (INTC) reports earnings on 1/26/2017 after the market close.

Microsoft (MSFT) reports earnings on 1/26/2017 after the market close.

Chevron (CVX) reports earnings on 1/27/2017 after the market close.

Apple (AAPL) reports earnings on 1/31/2017 after the market close.

Disney (DIS) reports earnings on 2/7/2017 after the market close.

Today’s Featured Dow Stock

Dupont (DD)

Dupont (DD) is down -0.59% year-to-date.

Financial Calendar

0830 ET Dec retail sales expected +0.7% and +0.5% ex autos, Nov +0.1% and +0.2% ex autos.

0830 ET Dec PPI final demand expected +0.3% m/m and +1.6% y/y, Nov +0.4% m/m and +1.3% y/y. Dec PPI ex food & energy expected +0.1% m/m and +1.5% y/y, Nov +0.4% m/m and +1.6% y/y.

0930 ET Philadelphia Fed President Patrick Harker (voter) speaks on economic mobility at an event in Philadelphia.

1000 ET Nov business inventories expected +0.6%, Oct -0.2%.

1000 ET Preliminary-Jan University of Michigan U.S. consumer sentiment index expected +0.3 to 98.5, Dec +4.4 to 98.2.

1400 ET Dec monthly budget statement expected -$25.0 billion, Nov -$136.7 billion.