The Dow Market Happenings For Friday, August 11, 2017

Dow stocks at 52 week highs include Procter & Gamble (PG) and Travelers (TRV). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +6 points.

Thursday the Dow was down -204.69 (-0.93%) at 21,844.01.

Year-to-date the Dow is up +10.53%.

There were 3 Dow stocks up Thursday.

The Dow stock winners Thursday were led by McDonald’s (MCD) +1.10% and Coca Cola (KO) +0.33%.

The Dow stock losers Thursday were led by Apple (AAPL) -3.56% and Goldman Sachs (GS) -2.39%.

Goldman Sachs (GS -2.39%) was downgraded to ‘Hold’ from ‘Buy’ at HSBC.

Pfizer (PFE -0.09%) lost almost 1% in after-hours trading after the company said the U.S. Justice Department is investigating its generic-drug business as part of an industry-wide probe into possible price fixing by drug makers.

The Labor Department reported its Consumer Price Index edged up 0.1 percent last month after being unchanged in June. That lifted the year-on-year increase in the CPI to 1.7 percent from 1.6 percent in June. Economists had forecast the CPI rising 0.2 percent in July and climbing 1.8 percent year-on-year.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down two-tenths of a cent at $2.358 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

Visa (V)

Visa (V) is up +27.52% year-to-date.

Financial Calendar

0830 ET Jul CPI expected +0.2% m/m and +1.8% y/y, Jun unch m/m and +1.6% y/y. Jul CPI ex food & energy expected +0.2% m/m and +1.7% y/y, Jun +0.1% m/m and +1.7% y/y.

0940 ET Dallas Fed President Robert Kaplan (voter) speaks at an event for the University of Texas at Arlingtons Accounting Department.

1130 ET Minneapolis Fed President Neel Kashkari (voter) holds a moderated audience Q&A session with the Independent Community Bankers of Minnesota.

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