DJIA Market Happenings For Friday, August 4, 2017

Dow stocks at 52 week highs include Nike (NKE), , Wal-Mart (WMT) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +55 points.

Thursday the Dow was up +9.86 (+0.04%) at 22,026.10.

Year-to-date the Dow is up +11.45%.

There were 19 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Pfizer (PFE) +1.55% and 3M (MMM) +1.08%.

The Dow stock losers Thursday were led by Dupont (DD) -1.20% and McDonald’s (MCD) -1.19%.

The U.S. economy added 209,000 jobs in July, more than expected as the labor market shows few signs of slowing down. The unemployment rate fell to 4.3 percent from 4.4, the Commerce Department reported on Friday. In the past three months, the labor market has averaged growth of 195,000 jobs a month. Reports for May and June were revised upward by 2,000 jobs. Average hourly earnings are up 2.5 percent on a 12-month basis. In July, average hourly earnings rose 0.3 percent. That compares with an increase of 0.2 percent in June.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up a penny at $2.344 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) reported earnings on 8/1/2017 after the market close of $1.67, beating estimates of $1.607 per share.

Disney (DIS) reports earnings on 8/8/2017 after the market close.

Home Depot (HD) reports earnings on 8/15/2017 before the market open.

Cisco (CSCO) reports earnings on 8/16/2017 after the market close.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) is up +8.06% year-to-date.

Financial Calendar

0830 ET Jul non-farm payrolls expected +180,000, Jun +222,000. Jul private payrolls expected +181,000, Jun +187,000. Jul manufacturing payrolls expected +5,000, Jun +1,000. Jul unemployment rate expected -0.1 to 4.3%, Jun +0.1 to 4.4%.

0830 ET Jul avg hourly earnings expected +0.3% m/m and +2.4% y/y, Jun +0.2% m/m and +2.5% y/y. Jul avg weekly hours all-employees expected unch at 34.5 hours, Jun +0.1 to 34.5 hours.

0830 ET Jun trade deficit expected -$44.5 billion, May -$46.5 billion.

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