The Dow Market Happenings For Tuesday, August 1, 2017

Dow stocks at 52 week highs include Boeing (BA). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +105 points.

Monday the Dow was up +60.81 (+0.28%) at 21,891.12.

Year-to-date the Dow is up +10.77%.

There were 20 Dow stocks up Monday.

The Dow stock winners Monday were led by Home Depot (HD) +1.03% and Chevron (CVX) +0.99%.

The Dow stock losers Monday were led by Dupont (DD) -2.11% and Apple (AAPL) -0.52%.

Pfizer (PFE) quarterly revenue missed Wall Street estimates on Tuesday, hurt by falling demand for its blockbuster pneumonia vaccine Prevnar as well as older drugs. See earnings section below.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up four-tenths of a cent at $2.320 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 share.

Goldman Sachs (GS) reported earnings on 7/18/17 before the market open of $3.95, beating estimates calling for $3.71 per share.

Johnson & Johnson (JNJ) reported earnings on 7/18/17 before the market open of $1.83, meeting estimates calling for $1.827 per share.

UnitedHealth (UNH) reported earnings on 7/18/17 before the market open of $2.46, beating estimates of $2.398 per share.

IBM (IBM) reported earnings on 7/18/17 after the market close of $2.97, beating estimates calling for $2.758 per share.

American Express (AXP) reported earnings on 7/19/17 after the market close of $1.47, meeting estimates of $1.47 per share..

Travelers (TRV) reported earnings on 7/20/2017 before the market open of $2.11, missing estimates calling for $2.212 per share.

Microsoft (MSFT) reported earnings on 7/20/2017 after the market close of $0.98, beating estimates calling for $0.736 per share.

Visa (V) reported earnings on 7/20/2017 after the market close of $0.86, beating estimates of $0.843 per share.

General Electric (GE) reported earnings on 7/21/2017 before the market open of $0.28, missing estimates calling for $0.532 per share.

Caterpillar (CAT) reported earnings on 7/25/2017 before the market open of$1.49, beating estimates calling for $1.262 per share.

Dupont (DD) reported earnings on 7/25/2017 before the market open of $1.38, beating estimates calling for $1.341 per share.

McDonald’s (MCD) reported earnings on 7/25/2017 before the market open of $1.70, beating estimates of $1.66 per share.

3M (MMM) reported earnings on 7/25/2017 before the market open of $2.58, beating estimates calling for $2.504 per share.

United Technologies (UTX) reported earnings on 7/25/2017 before the market open of $1.85, beating estimates of $1.804 per share.

Coca Cola (KO) reported earnings on 7/26/2017 before the market open of $0.59, beating estimates calling for $0.576 per share.

Boeing (BA) reported earnings on 7/26/2017 before the market open of $2.55, beating estimates of $2.383 per share.

Procter & Gamble repored earnings on 7/27/2017 before the market open of $0.85, beating estimates of $0.789 per share.

Verizon (VZ) reported earnings on 7/27/2017 before the market open of $0.96, meeting expectations for $0.961 per share.

Intel (INTC) reported earnings on 7/27/2017 after the market close of $0.72, beating expectations for $0.692 per share.

Chevron (CVX) reported earnings on 7/28/2017 before the market open of $0.77, missing estimates calling for $0.977 per share.

Exxon Mobil (XOM) reported earnings on 7/28/2017 before the market open of $0.78, missing estimates calling for $0.881 per share.

Merck (MRK) reported earnings on 7/28/2017 before the market open of $1.01, beating estimates calling for $0.879 per share.

Pfizer (PFE) reported earnings on 8/1/2017 before the market open of $0.67, beating estimates calling for $0.659 per share.

Apple (AAPL) reports earnings on 8/1/2017 after the market close.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) is up +16.99% year-to-date.

Financial Calendar

0830 ET Jun personal spending expected +0.1%, May +0.1%. Jun personal income expected +0.4%, May +0.4%.

0830 ET Jun PCE deflator expected unch m/m and +1.3% y/y, May -0.1% m/m and +1.4% y/y. Jun core PCE deflator expected +0.1% m/m and +1.4% y/y, May +0.1% m/m and +1.4% y/y.

0945 ET Revised Jul Markit U.S. manufacturing index expected -0.1 to 53.1, prelim-July +1.2 to 53.2.

1000 ET Jul ISM manufacturing index expected -1.3 to 56.5, Jun +2.9 to 57.8. Jul ISM new orders, Jun +4.0 to 63.5. Jul ISM employment, Jun +3.7 to 57.2. Jul ISM prices paid expected +0.6 to 55.6, Jun -5.5 to 55.0.

1000 ET Jun construction spending expected +0.4% m/m, May unch m/m.

n/a Jul total vehicle sales expected 16.80 million, Jun 16.41 million. Jul domestic vehicle sales expected 13.05 million, Jun 12.79 million.

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