The Dow Market Happenings For Thursday, February 15, 2018

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +178 points.

Wednesday the Dow was up +253.04 (+1.03%) at 24,893.49.

Year-to-date the Dow is up +0.70%.

There were 24 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Nike (NKE) +3.17% and Goldman Sachs (GS) +2.76%.

The Dow stock losers Wednesday were led by McDonald’s (MCD) -1.48% and Verizon (VZ) -1.14%.

Cisco (CSCO) has unveiled a plan to bring $67 billion that it holds overseas back to the United States this year by taking advantage of the recent rewrite of the tax code.

In the week ending February 10, the advance figure for seasonally adjusted initial weekly unemployment insurance claims was 230,000, an increase of 7,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 221,000 to 223,000. The 4-week moving average was 228,500, an increase of 3,500 from the previous week’s revised average. The previous week’s average was revised up by 500 from 224,500 to 225,000.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down eight-tenths of a cent at $2.552 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) reported earnings on 1/30/2018 before the market open of $0.62, beating estimates of $0.583 per share.

McDonald’s (MCD) reported earnings on 1/30/2018 before the market open of $0.87, missing estimates calling for $1.616 per share.

Microsoft (MSFT) reports earnings on 1/31/2018 after the close of $0.96, beating estimates of $0.895 per share.

Boeing (BA) reported earnings on 1/31/2018 before the market open of $4.80, beating estimates calling for $2.951 per share.

DowDupont (DWDP) reported earnings on 2/1/2018 before the market open of $0.83.

Apple (AAPL) reported earnings on 2/1/2018 after the market close of $3.89, beating estimates of $3.839 per share.

Visa (V) reported earnings on 2/1/2018 after the market close of $1.08, beating estimates of $1.007 per share.

Chevron (CVX) reported earnings on 2/2/2018 before the market open of $1.64, beating estimates of $1.306 per share.

Exxon Mobil (XOM) reported earnings on 2/2/2018 before the market open of $1.97, beating estimates of $1.092 per share.

Merck (MRK) reports earnings on 2/2/2018 before the market open of $0.98, beating estimates of $0.97 per share.

Disney (DIS) reported earnings on 2/6/2018 after the market close of $1.89, beating estimates calling for $1.633 per share.

Cisco (CSCO) reported earnings on 2/14/2018 after the market close of $0.63, beating estimates calling for $0.603 per share.

Coca Cola (KO) reports earnings on 2/16/2018 before the market open.

Home Depot (HD) reports earnings on 2/20/2018 at an unspecified time.

Wal-Mart (WMT) reports earnings on 2/20/2018 at an unspecified time.

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is down -14.61% year-to-date.

Financial Calendar

13:30 Continuing Jobless Claims, , 1,942K, 1,925K, 1,927K

13:30 Core PPI (YoY) (Jan), 2.2%, 2.1%, 2.3%

13:30 Core PPI (MoM) (Jan), 0.4%, 0.2%, -0.1%

13:30 Initial Jobless Claims, 230K, 230K, 223K

13:30 Jobless Claims 4-Week Avg., 228.50K, 225.00K

13:30 NY Empire State Manufacturing Index (Feb), 13.10, 17.50, 17.70

13:30 Philadelphia Fed Manufacturing Index (Feb), 25.8, 21.1, 22.2

13:30 Philly Fed Business Conditions (Feb), 41.2, 42.2

13:30 Philly Fed CAPEX Index (Feb), 40.40, 36.20

13:30 Philly Fed Employment (Feb), 25.2, 16.8

13:30 Philly Fed New Orders (Feb), 24.5, 10.1

13:30 Philly Fed Prices Paid (Feb), 45.00, 32.90

13:30 PPI (MoM) (Jan), 0.4%, 0.4%, -0.1%

13:30 PPI (YoY) (Jan), 2.7%, 2.5%, 2.6%

33 min Capacity Utilization Rate (Jan), 78.0%, 77.9%

33 min Industrial Production (MoM) (Jan), 0.2%, 0.9%

33 min Manufacturing Production (MoM) (Jan), 0.3%, 0.1%

14:45 Bloomberg Consumer Confidence, 54.4

15:00 NAHB Housing Market Index (Feb), 72, 72

15:30 Natural Gas Storage , -183B, -119B

18:00 30-Year TIPS Auction, 0.908%

21:00 US Foreign Buying, T-bonds (Dec), -18.80B

21:00 Overall Net Capital Flow (Dec), 33.80B

21:00 TIC Net Long-Term Transactions (Dec), 50.3B, 57.5B

21:00 TIC Net Long-Term Transactions including Swaps (Dec), 41.40B

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