The Dow Market Happenings For Wednesday, August 9, 2017

Dow stocks at 52 week highs include Apple (AAPL), American Express (AXP), Caterpillar (CAT), JPMorgan (JPM), Visa (V) and Wal-Mart (WMT). Dow stock 52 week lows include IBM (IBM).

The Market

Premarket today, the Dow was indicated to open down -36 points.

Tuesday the Dow was down -33.08 (-0.15%) at 22,085.34.

Year-to-date the Dow is up +11.92%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Apple (AAPL) +0.80% and Disney (DIS) +0.59%.

The Dow stock losers Tuesday were led by Merck (MRK) -0.83% and Dupont (DD) -0.82%.

Disney (DIS +0.59%) lost 4% in after-hours trading after it reported Q3 revenue of $14.24 billion, below consensus of $14.42 billion, and said it will end its partnership with Netflix and launch its own streaming service. See earnings in section below.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up eight-tenths of a cent at $2.359 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 reported 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) reported earnings on 8/8/2017 after the market close of $1.58, just beating estimates calling for $1.571 per share.

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.

Wal-Mart (WMT) reports earnings on 8/17/2017 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +21.78% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -2.8% with purchase sub-index -2.0% and refi sub-index -3.8%.

0830 ET Q2 non-farm productivity expected +0.7%, Q1 unch. Q2 unit labor costs expected +1.1%, Q1 +2.2%.

1000 ET Revised Jun wholesale inventories, prelim-Jun +0.6%. Jun wholesale trade sales expected unch, May -0.5% m/m.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $23 billion of 10-year T-notes.

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