DJIA Market Happenings For Monday, April 16, 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 +162 points.

Friday the Dow was down -122.91 (-0.50%) at 24,360.14.

Year-to-date the Dow is down -1.45%.

There were 18 Dow stocks up Friday.

The Dow stock winners Friday were led by General Electric (GE) +2.35% and Coca Cola (KO) +1.09%.

The Dow stock losers Friday were led by JPMorgan (JPM) -2.71% and Boeing (BA) -2.43%.

General Electric (GE +2.35%) may open lower this morning after an accounting rule change prompted it to restate 2017 revenue at $118.2 billion, lower than the previously reported $122.1 billion, and restate 2016 total revenue at $119.5 billion compared with the originally reported $123.7 billion.

In a Sunday night TV interview, James Comey, the former FBI director slammed Trump, calling him “morally unfit” to hold the presidency.

European stocks are mostly lower and Asian markets ended mostly lower.

The national average price of gasoline is up three tenths of a cent at $2.714 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/22/2018 after the market close of $-0.57, missing estimates calling for $0.555 per share.

JPMorgan (JPM) reported earnings on 4/13/2018 before the market open of $2.37, missing estimates calling for $2.92 per share.

Goldman Sachs (GS) reports earnings on 4/17/2018 before the market open.

Johnson & Johnson (JNJ) reports earnings on 4/17/2018 before the market open.

UnitedHealth (UNH) reports earnings on 4/17/2018 before the market open.

IBM (IBM) reports earnings on 4/17/2018 after the market close.

American Express (AXP) reports earnings on 4/18/2018 after the market close.

General Electric (GE) reports earnings on 4/20/2018 before the market open.

Procter & Gamble (PG) reports earnings on 4/20/2018 before the market open.

Caterpillar (CAT) reports earnings on 4/24/2018 before the market open.

Coca Cola (KO) reports earnings on 4/24/2018 before the market open.

3M (MMM) reports earnings on 4/24/2018 before the market open.

United Technologies (UTX) reports earnings on 4/24/2018 before the market open.

Verizon (VZ) reports earnings on 4/24/2018 before the market open.

Boeing (BA) reports earnings on 4/25/2018 before the market open.

Visa (V) reports earnings on 4/25/2018 after the market close.

Intel (INTC) reports earnings on 4/26/2018 after the market close.

Microsoft (MSFT) reports earnings on 4/25/2018 after the market close.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) is up +7.41% year-to-date.

Financial Calendar

12:30 Core Retail Sales (MoM) (Mar), 0.2%, 0.2%, 0.2%

12:30 NY Empire State Manufacturing Index (Apr), 15.80, 18.80, 22.50

12:30 Retail Control (MoM) (Mar), 0.4%, 0.4%, 0.1%

12:30 Retail Sales (MoM) (Mar), 0.6%, 0.4%, -0.1%

12:30 Retail Sales Ex Gas/Autos (MoM) (Mar), 0.3%, 0.4%, 0.3%

58 min Business Inventories (MoM) (Feb), 0.6%, 0.6%

58 min NAHB Housing Market Index (Apr), 71, 70

15:30 3-Month Bill Auction, 1.715%

15:30 6-Month Bill Auction, 1.880%

16:00 FOMC Member Kaplan Speaks

16:00 FOMC Member Kashkari Speaks

17:15 FOMC Member Bostic Speaks

20:00 US Foreign Buying, T-bonds (Feb), 8.40B

20:00 Overall Net Capital Flow (Feb), 26.10B, 119.70B

20:00 TIC Net Long-Term Transactions (Feb), 43.3B, 62.1B

20:00 TIC Net Long-Term Transactions including Swaps (Feb), 57.00B

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