DJIA Market Happenings For Thursday, July 28, 2016

Dow stocks at 52 week highs include Caterpillar (CAT) and United Technologies (UTX).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +64 points.

Wednesday the Dow was down -1.58 (-0.01%) at 18,472.17.

Year-to-date the Dow is up +6.01%.

There were 10 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Apple (AAPL) +6.50% and Caterpillar (CAT) +1.63%.

The Dow stock losers Wednesday were led by Coca Cola (KO) -3.30% and McDonald’s (MCD) -1.83%.

Jobless claims increased by 14,000 to 266,000 in the week ended July 23. The median forecast called for 262,000 applications. The four-week moving average of claims, which evens out some of the weekly volatility, fell by 1,000 to 256,500.

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

The national average price of gasoline is down six-tenths of a cent at $2.142 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/28/16 after the market close of $0.49, beating estimates calling for $0.477 per share.

JPMorgan (JPM) reported earnings on 7/14/2016 before the market open of $1.55, beating estimates calling for $1.431 per share.

IBM (IBM) reported earnings on 7/18/2016 after the market close of $2.95, beating estimates of $2.871 per share.

Goldman Sachs (GS) reported earnings on 7/19/2016 before the market open of $3.72, beating consensus of $3.013 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/2016 before the market open of $1.74, beating estimates calling for $1.675 per share.

UnitedHealth (UNH) reported earnings on 7/19/2016 before the market open of $1.96, beating estimates calling for $2.871 per share.

Microsoft (MSFT) reports earnings on 7/19/2016 after the market close of $0.69, beating estimates calling for $0.576 per share.

American Express (AXP) reported earnings on 7/20/2016 after the close of $2.10, beating estimates calling for $1.924 per share.

Intel (INTC) reported earnings on 7/20/2016 after the close of $0.59, beating estimates calling for $0.533 per share.

Travelers (TRV) reported earnings on 7/21/2016 before the market open of $2.24, beating estimates of $2.106 per share.

Visa (V) reports earninged on 7/21/2016 after the close of $0.69, beating estimates calling for $0.669 per share.

General Electric (GE) reported earnings on 7/22/2016 before the market open of $0.51, beating estimates calling for $0.455 per share.

Caterpillar (CAT) reported earnings on 7/26/2016 before the market open $0.963, beating estimates for $0.93 per share.

McDonald’s (MCD) reported earnings on 7/26/2016 before the market open of $1.25, missing estimates for $1.376 per share.

Apple (AAPL) reported earnings on 7/26/2016 after the market close of $1.42, beating estimates of $1.389.

United Technologies (UTX) reported earnings on 7/26/2016 before the market open of $1.82, beating estimates calling for $1.652.

Verizon (VZ) reported earnings on 7/26/2016 before the market open of $0.17, missing estimates calling for $0.941 per share.

Dupont (DD) reported earnings on 7/26/2016 after the market close of $1.24, beating estimates calling for $1.095 per share.

Boeing (BA) reports earnings on 7/27/2016 before the market open.

Coca Cola (KO) reports earning on 7/27/2016 before the market open.

Chevron (CVX) reports earnings on 7/29/2016 before the market open.

Exxon Mobil (XOM) reports earnings on 7/29/2016 before the market open.

Merck (MRK) reports earnings on 7/29/2016 before the market open.

Pfizer (PFE) reports earnings on 8/2/2016 before the market open.

Procter & Gamble (PG) reports earnings on 8/2/2016 before the market open.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is up +1.02% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +8,000 to 261,000, previous -1,000 to 253,000. Weekly continuing claims expected +8,000 to 2.136 million, previous -25,000 to 2.128 million.

0830 ET USDA weekly Export Sales.

1100 ET Jul Kansas City Fed manufacturing activity expected +2 to 4, Jun +7 to 2.

1300 ET Treasury auctions $28 billion of 7-year T-notes.

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