The Dow Market Happenings For Wednesday, January 24, 2018

Dow stocks at 52 week highs include Cisco (CSCO), Home Depot (HD), JPMorgan (JPM), Coca Cola (KO), McDonald’s (MCD), Microsoft (MSFT), Nike (NKE), Travelers (TRV), UnitedHealth (UNH), Visa (V), Verizon (VZ), Wal-Mart (WMT) and Exxon Mobil (XOM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +92 points.

Tuesday the Dow was down -3.79 (-0.01%) at 26,210.81.

Year-to-date the Dow is up +6.03%.

There were 17 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Travelers (TRV) +4.96% and General Electric (GE) +4.45%.

The Dow stock losers Tuesday were led by Johnson & Johnson (JNJ) -4.26% and Procter & Gamble (PG) -3.09%.

General Electric (GE) posts $10 billion loss, sales drop as power weakens. See earnings below.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is up one cent at $2.553 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) reported earnings on 1/12/2018 before the market open of $1.07, missing estimates calling for $1.726 per share.

UnitedHealth (UNH) reported earnings on 1/16/2018 before the market open of $2.59, beating estimates of $2.559 per share.

Goldman Sachs (GS) reported earnings on 1/17/2018 before the market open of -$5.51 (includes tax loss), missing estimates calling for $5.064 per share.

American Express (AXP) reported earnings on 1/18/2017 after the market close of -$1.41, missing estimates calling for $1.564 per share.

IBM (IBM) reported earnings on 1/18/2018 after the market close of $5.01, missing estimates calling for $5.191 per share.

Johnson & Johnson (JNJ) reported earnings on 1/23/2018 before the market open of $1.19, beating estimates of $1.166 per share.

Procter & Gamble reports earnings on 1/23/2018 before the market open of $1.74, missing estimates calling for $1.757 per share.

Verizon (VZ) reported earnings on 1/23/2018 before the market open of $0.86, missing estimates of $0.887 per share.

Travelers (TRV) reported earnings on 1/23/2018 before the market open of $2.28, handily beating estimates calling for $1.657 per share.

General Electric (GE) reported earnings on 1/24/2018 before the market open of -$0.35, missing estimates calling for $0.282 per share.

United Technologies (UTX) reported earnings on 1/24/2018 before the market open of $1.60, meeting estimates of $1.597 per share.

Caterpillar (CAT) reports earnings on 1/25/2018 before the market open.

Intel (INTC) reports earnings on 1/25/2018 after the market close.

3M (MMM) reports earnings on 1/25/2018 at an unspecified time.

Pfizer (PFE) reports earnings on 1/30/2018 before the market open.

McDonald’s (MCD) reports earnings on 1/30/2018 at an unspecified time.

Microsoft (MSFT) reports earnings on 1/31/2018 at an unspecified time.

Boeing (BA) reports earnings on 1/31/2018 before the market open.

DowDupont (DWDP) reports earnings on 2/1/2018 before the market open.

Apple (AAPL) reports earnings on 2/1/2018 after the market close.

Visa (V) reports earnings on 2/1/2018 after the market close.

Chevron (CVX) reports earnings on 2/2/2018 before the market open.

Exxon Mobil (XOM) reports earnings on 2/2/2018 before the market open.

Merck (MRK) reports earnings on 2/2/2018 at an unspecified time.

Today’s Featured Dow Stock

United Technologies (UTX)

United Technologies (UTX) is up +6.63% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +4.1% with purchase sub-index +2.7% and refi sub-index +4.4%.

0900 ET Nov FHFA house price index expected +0.5% m/m, Oct +0.5% m/m.

0945 ET Jan Markit manufacturing PMI expected -0.1 to 55.0, Dec +1.2 to 55.1. Jan Markit services PMI expected +0.5 to 54.2, Dec -0.8 to 53.7.

1000 ET Dec existing home sales expected -1.9% to 5.70 million, Nov +5.6% to 5.81 million.

1030 ET EIA weekly Petroleum Status Report.

1130 ET Treasury auctions $15 billion 2-year floating-rate notes.

1300 ET Treasury auctions $34 billion 5-year T-notes.

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