DJIA Market Happenings For Friday, July 14, 2017

Dow stocks at 52 week highs include Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +1 points.

Thursday the Dow was up +20.95 (+0.10%) at 21553.09.

Year-to-date the Dow is up +9.06%.

There were 15 Dow stocks up Thursday .

The Dow stock winners Thursday were led by Wal-Mart (WMT) +1.50% and Apple (AAPL) +1.39%.

The Dow stock loser Thursday was Dupont (DD) -1.23% and McDonald’s (MCD) -0.98%.

Boeing (BA -0.10%) was upgraded to ‘Overweight’ rom ‘Neutral’ at JPMorgan Chase with a price target of $240.

Wal-Mart (WMT +1.50%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $84.

JPMorgan (JPM) reported second quarter earnings of $1.82 per share, beating estimates of $1.58 a share. Revenue also came in above forecasts.

European stocks are mostly lower and Asian markets ended higher.

The national average price of gasoline is down one-tenth of a cent at $2.255 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/29/17 after the market close of $0.60, beating estimates calling for $0.512 per share.

JPMorgan (JPM) reported earnings on 7/14/17 before the market open of $1.82, beating estimates calling for $1.62 per shaare.

Goldman Sachs (GS) reports earnings on 7/18/17 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/18/17 before the market open.

UnitedHealth (UNH) reports earnings on 7/18/17 before the market open.

IBM (IBM) reports earnings on 7/18/17 after the market close.

American Express (AXP) reports earnings on 7/19/17 after the market close.

Travelers (TRV) reports earnings on 7/20/2017 before the market open.

Microsoft (MSFT) reports earnings on 7/20/2017 after the market close.

Visa (V) reports earnings on 7/20/2017 after the market close.

General Electric (GE) reports earnings on 7/21/2017 before the market open.

Caterpillar (CAT) reports earnings on 7/25/2017 before the market open.

Dupont (DD) reports earnings on 7/25/2017 before the market open.

McDonald’s (MCD) reports earnings on 7/25/2017 before the market open.

3M (MMM) reports earnings on 7/25/2017 before the market open.

United Technologies (UTX) reports earnings on 7/25/2017 before the market open.

Coca Cola (KO) reports earnings on 7/26/2017 before the market open.

Boeing (BA) reports earnings on 7/26/2017 before the market open.

Today’s Featured Dow Stock

Dupont (DD)

Dupont (DD) is up +14.17% year-to-date.

Financial Calendar

0830 ET Jun CPI expected +0.1% m/m and +1.7% y/y, May -0.1% m/m and +1.9% y/y. Jun CPI ex food & energy expected +0.2% m/m and +1.7% y/y, May +0.1% m/m and +1.7% y/y.

0830 ET Jun retail sales expected +0.1% and +0.2% ex autos, May -0.3% and -0.3% ex autos.

0915 ET Jun industrial production expected +0.3%, May unch. Jun manufacturing production expected +0.2%, May was -0.4%. Jun capacity utilization expected +0.2 to 76.8%, May -0.1 to 76.6%.

0930 ET Dallas Fed President Robert Kaplan (voter) speaks at a conference on the Federal Reserve and monetary policy hosted by the Center for Economic Studies of the Private Sector in Mexico City.

1000 ET Preliminary-Jul University of Michigan U.S. consumer sentiment index expected -0.1 to 95.0, Jun -2.0 to 95.1.

1000 ET May business inventories expected +0.3%, Apr -0.2%.

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