DJIA Market Happenings For Monday, January 8, 2017

Dow stocks at 52 week highs include Boeing (BA), Caterpillar (CAT), Cisco (CSCO), Home Depot (HD), Microsoft (MSFT), United Technologies (UTX), Visa (V) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -11 points.

Friday the Dow was up +220.74, (+0.88%) at 25,295.87.

Year-to-date the Dow is up +2.33%.

There were 21 Dow stocks up Friday.

The Dow stock winners Friday were led by Boeing (BA +4.10% and Visa (V) +2.39%.

The Dow stock losers Friday were led by JPMorgan (JPM) -0.64% and Disney (DIS) -0.54%.

Leading this pack of 30 stocks so far in 2018 are General Electric (GE) +6.25%, IBM (IBM) +5.91% and DowDuPont (DWDP) +5.90%.

Caterpillar (CAT +1.58%) was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan Chase with a price target of $200.

Pfizer (PFE) decision to stop research and development into new neuroscience drugs, including its work in Alzheimer’s and Parkinson’s diseases, will lead to about 300 job cuts.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is unchanged at $2.492 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/21/17 after the market close of $0.46, beating estimates of $0.437 per share.

JPMorgan (JPM) reports earnings on 1/12/2018 at an unspecified time.

UnitedHealth (UNH) reports earnings on 1/16/2018 before the market open.

Goldman Sachs (GS) reports earnings on 1/17/2018 at an unspecified time.

American Express (AXP) reports earnings on 1/18/2017 after the market close.

IBM (IBM) reports earnings on 1/18/2018 after the market close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) is UP +5.91% year-to-date.

Financial Calendar

1100 ET USDA weekly grain export inspections.

1335 ET San Francisco Fed President John Williams (non-voter) participates in a panel discussion on Should the Fed stick with 2% inflation target or rethink it at a conference at the Brookings Institute.

1500 ET Nov consumer credit expected +$18.0 billion, Oct +$20.519 billion.

1600 ET Boston Fed President Eric Rosengren (non-voter) speaks at an inflation targeting conference at the Brookings Institute on Should the Fed stick with the 2% inflation target or rethink it?

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