DJIA Market Happenings For Wednesday, February 15, 2017

Dow stocks at 52 week highs include Apple (AAPL), American Express (AXP), Cisco (CSCO), Home Depot (HD), IBM (IBM), Goldman Sachs (GS), JPMorgan (JPM), Merck (MRK) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open +3 points.

Tuesday the Dow was up +92.25 (+0.45%) at 20,504.41.

Year-to-date the Dow is up +3.75%.

There were 22 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by JPMorgan (JPM) +1.60% and Merck (MRK) +1.37%.

The Dow stock losers Tuesday were led by Verizon (VZ) -0.58% and Procter & Gamble (PG) -0.51%.

Procter & Gamble (PG -0.51%) climbed 3% in after-hours trading after Trian Fund Management LP said it added the company to its investments in Q4.

The U.S. cost of living increased in January by the most since February 2013, led by higher costs for gasoline and other goods and services that indicate inflation is gathering momentum. The consumer-price index rose a larger-than-forecast 0.6 percent after a 0.3 percent gain in December. Compared with the same month last year, costs paid by Americans for goods and services rose 2.5 percent, the most since March 2012.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up two-tenths of a cent at $2.284 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.

Procter & Gamble (PG) reports earnings on 1/20/2017 before the market open of $1.13, beating estimates calling for $1.065 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) reported earnings on 1/23/2017 before the market open of $1.44, beating estimates calling for $1.407 per share.

Dupont (DD) reported earnings on 1/24/2017 before the market open of $0.51, beating estimates calling for $0.419 per share.

Johnson & Johnson (JNJ) reported earnings on 1/24/2017 before the market open of $1.58, beating estimates of $1.556 per share.

3M (MMM) reported earnings on 1/24/2017 before the market open of $1.88, barely beating estimates calling for $1.871 per share.

Travelers (TRV) reported earnings on 1/24/2017 before the market open of $3.20, smashing estimates calling for $2.893 per share.

Verizon (VZ) reported earnings on 1/24/2017 before the market open of $0.86, missing estimates calling for $0.892 per share.

Boeing (BA) reported earnings on 1/25/2017 before the market open of $2.47, beating consensus of $2.336 per share.

United Technologies (UTX) reported earnings on 1/25/2017 before the market open of $1.56, meeting estimates calling for $1.557 per share.

Caterpillar (CAT) reported earnings on 1/26/2017 before the market open of $0.83, beating estimates calling for $0.654 per share.

Intel (INTC) reported earnings on 1/26/2017 after the market close of $0.79, beating estimates calling for $0.755 per share.

Microsoft (MSFT) reported earnings on 1/26/2017 after the market close of $0.83, beating estimates of $0.785 per share.

Chevron (CVX) reported earnings on 1/27/2017 after the market close of $0.22, missing estimates calling for $0.64 per share.

Exxon Mobil (XOM) reports earnings on 1/31/2017 before the market open of $0.41, missing estimates calling for $0.724 per share.

Apple (AAPL) reported earnings on 1/31/2017 after the market close of$3.36, beating estimates calling for $3.219 per share.

Pfizer (PFE) reported earnings on 1/31/2017 after the market close of $0.47, missing estimates calling for $0.496 per share.

Merck (MRK) reported earnings on 2/2/2017 before the market open of $0.89, beating estimates calling for $0.88 per share.

Visa (V) reported earnings on 2/2/2017 after the market close of $0.86,beating estimates calling for $0.777 per share.

Disney (DIS) reported earnings on 2/7/2017 after the market close of $1.55, beating estimates calling for $1.478 per share.

Coca Cola (KO) reported earnings on 2/9/2017 before the market open of$0.37, barely beating estimates calling for $0.362 per share.

Cisco (CSCO) reports earnings on 2/15/2017 after the market close.

Home Depot (HD) reports earnings on 2/21/2017 before the market open.

Wal-Mart (WMT) reports earnings on 2/21/2017 before the market open.

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +1.78% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +2.3% with purchase sub-index +1.8% and refi sub-index +2.2%.

0830 ET Feb Empire manufacturing survey general business conditions expected +0.3 to 6.8, Jan -1.1 to 6.5.

0830 ET Jan CPI expected +0.3% m/m and +2.4% y/y, Dec +0.3% m/m and +2.1% y/y. Jan CPI ex food & energy expected +0.2% m/m and +2.1% y/y, Dec +0.2% m/m and +2.2% y/y.

0830 ET Jan retail sales expected +0.1% and +0.4% ex autos, Dec +0.6% and +0.2% ex autos.

0915 ET Jan industrial production expected unch, Dec +0.8%. Jan manufacturing production expected +0.2%, Dec +0.2%. Jan capacity utilization expected unch at 75.5%, Dec +0.6 to 75.5%.

1000 ET Fed Chair Yellen delivers semiannual monetary policy report to the House Financial Services Committee.

1000 ET Feb NAHB housing market index expected unch at 67, Jan -2 to 67.

1000 ET Dec business inventories expected +0.4%, Nov +0.7%.

1030 ET EIA Weekly Petroleum Status Report.

1200 ET Boston Fed President Eric Rosengren (non-voter) speaks at the New York Association for Business Economics luncheon.

1245 ET Philadelphia Fed President Patrick Harker (voter) speaks on the economy at the La Salle University Annual Economic Outlook.

1915 ET New York Fed President William Dudley (voter) has a moderated fireside chat at Cornell College of Business Annual New York City Predictions Event.

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