DJIA Market Happenings For Monday, January 29, 2018

Dow stocks at 52 week highs include Home Depot, Intel (INTC), JPMorgan (JPM), Coca Cola (KO), McDonald’s (MCD), 3M (MMM), Microsoft (MSFT), Nike (NKE), Pfizer (PFE), Travelers (TRV), UnitedHealth (UNH), United Technologies (UTX), Visa (V), Wal-Mart (WMT) and Exxon Mobil (XOM). That’s half the Dow 30 at new highs! There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -37 points.

Friday the Dow was up +223.92 (+0.85%) at 26,616.71.

Year-to-date the Dow is up +7.68%.

There were 25 Dow stocks up Friday.

The Dow stock winners Friday were led by Intel (INTC) +10.55% and Pfizer (PFE) +4.78%.

The Dow stock losers Friday were led by Caterpillar (CAT) -1.36% and Procter & Gamble (PG) -0.69%.

Apple (AAPL) is said to be cutting first-quarter iPhone product in half due to slower-than-expected holiday sales.

European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is up two-tenths of a cent at $2.579 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) reported earnings on 1/25/2018 before the market open of $2.16, beating estimates calling for $1.827 per share.

Intel (INTC) reported earnings on 1/25/2018 after the market close of $1.08, beating estimates calling for $0.891 per share.

3M (MMM) reporte earnings on 1/25/2018 before the market open of $2.10, beating estimates of $2.052 per share.

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.

Disney (DIS) reports earnings on 2/6/2018 after the market close.

Today’s Featured Dow Stock

Visa (V)

Visa (V) is up +10.79% year-to-date.

Financial Calendar

0830 ET Dec personal spending expected +0.4%, Nov +0.6%. Dec personal income expected +0.3%, Nov +0.3%.

0830 ET Dec PCE deflator expected +0.1% m/m and +1.7% y/y, Nov +0.2% m/m and +1.8% y/y. Dec core PCE deflator expected +0.2% m/m and +1.5% y/y, Nov +0.1% m/m and +1.5% y/y.

0930 ET Jan Dallas Fed manufacturing activity expected -4.3 to 25.4, Dec +10.3 to 29.7.

1100 ET USDA weekly grain export inspections.

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