The Dow Market Happenings For Tuesday, February 21, 2017

Dow stocks at 52 week highs include Boeing (BA), Home Depot (HD), 3M (MMM), Procter & Gamble (PG) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to up +76 points.

Friday the Dow was up +4.28 (+0.02%) at 20,624.05.

Year-to-date the Dow is up +4.36%.

There were 20 Dow stocks up Friday.

The Dow stock winners Friday were led by Verizon (VZ) +1.51% and Boeing (BA) +1.11%.

The Dow stock losers Friday were led by UnitedHealth (UNH) -3.68% and Exxon Mobil (XOM) -0.66%.

Wal-Mart (WMT +0.73%) rose 2% in premarket trading after it reported Q4 adjusted EPS of $1.30, above consensus of $1.29, as it said Q4 comparable sales were up +1.8%, higher than consensus of up +1.3%.

Verizon Communications (VZ +1.51%) was upgraded to ‘Buy’ from ‘Neutral’ at MoffetNathanson with a price target of $54.

Verizon (VZ) is moving forward with its deal to buy Yahoo, but at a lower price. The two companies have agreed to cut the acquisition price by $350 million following Yahoo’s disclosures in recent months of two massive security breaches.

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

The national average price of gasoline is down one-tenth of a cent at $2.281 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) reported earnings on 2/15/2017 after the market close of $0.57, beating estimates calling for $0.502 per share.

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

Visa (V)

Visa (V) is up +12.10% year-to-date.

Financial Calendar

0850 ET Minneapolis Fed President Neel Kashkari (voter) participates in a discussion about the economy and the role of the Federal Reserve at a meeting of the Financial Planning Association of Minnesota in Golden Valley, MN.

0945 ET Feb Markit manufacturing PMI expected +0.3 to 55.3, Jan +0.7 to 55.0. Feb Markit services PMI expected +0.2 to 55.8, Jan +1.7 to 55.6.

1100 ET USDA weekly grain export inspections.

1200 ET Philadelphia Fed President Patrick Harker (voter) speaks on the economic outlook at the Wharton School of the University of Pennsylvania.

1300 ET Treasury auctions $26 billion of 2-year T-notes.

1530 ET San Francisco Fed President John Williams (non-voter) gives an economic presentation to students at Boise State University.

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