The Dow Market Happenings For Friday, April 27, 2018

Dow stocks at 52 week highs include Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -36 points.

Thursday the Dow was up +238.51 (+0.99%) at 24,322.34.

Year-to-date the Dow is down -1.61%.

There were 25 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Visa (V) +4.84% and Home Depot (HD) +4.70%.

The Dow stock losers Thursday were led by Disney (DIS) -1.30% and 3M (MMM) -0.88%.

Intel (INTC +3.25%) jumped nearly 8% in after-hours trading after it reported Q1 revenue of $16.1 billion, above consensus of $15.06 billion, and raised guidance on full-year revenue to $67.5 billion + or – $1 billion from a prior estimate of $65 billion + or – $1 billion, better than consensus of $65.1 billion.

Microsoft (MSFT +2.11%) rose 3% in pre-market trading after it was upgraded to ‘Overweight’ from ‘Neutral’ at JPMorgan Chase.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up eight-tenths of a cent at $2.800 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) reported earnings on 4/17/2018 before the market open of $6.95, beating estimates of $5.75 per share.

Johnson & Johnson (JNJ) reported earnings on 4/17/2018 before the market open of $2.06, beating estimates of $2.029 per share.

UnitedHealth (UNH) reports earnings on 4/17/2018 before the market open of $3.04, beating estimates of $2.968 per share.

IBM (IBM) reported earnings on 4/17/2018 after the market close of $2.45, beating estimates of 2.415 per share.

American Express (AXP) reported earnings on 4/18/2018 after the market close of $1.86, beating estimates of $1.747 per share.

General Electric (GE) reported earnings on 4/20/2018 before the market open of $0.16, beating estimates calling for $0.12 per share.

Procter & Gamble (PG) reported earnings on 4/20/2018 before the market open of $1.00 on expectations of $1.002 per share.

Caterpillar (CAT) reported earnings on 4/24/2018 before the market open of $2.82, beating estimates of $2.169 per share.

Coca Cola (KO) reported earnings on 4/24/2018 before the market open of $0.47, beating estimates of $0.464 per share.

3M (MMM) reported earnings on 4/24/2018 before the market open of $2.50, beating estimates of $2.525 per share.

United Technologies (UTX) reported earnings on 4/24/2018 before the market open of $1.77, beating estimates of $1.544 per share.

Verizon (VZ) reported earnings on 4/24/2018 before the market open of $1.17, beating estimates of $1.107 per share.

Boeing (BA) reported earnings on 4/25/2018 before the market open of $3.64, beating estimates calling for $2.637 per share.

Visa (V) reported earnings on 4/25/2018 after the market close of $1.11, beating estimates of $1.058 per share.

Intel (INTC) reported earnings on 4/26/2018 after the market close of $0.87, beating estimates of $0.765 per share.

Microsoft (MSFT) reported earnings on 4/26/2018 after the market close of $0.95, beating estimates of $0.892 per share.

Chevron (CVX) reported earnings on 4/27/2018 before the market open of $1.90, beating estimates of $1.423 per share.

Exxon Mobil (XOM) reported earnings on 4/27/2018 before the market open of $1.09, missing estimates calling for $1.179 per share.

McDonald’s (MCD) reports earnings on 4/30/2018 before the market open.

Merck (MRK) reports earnings on 5/1/2018 before the market open.

Pfizer (PFE) reports earnings on 5/1/2018 before the market open.

Apple (AAPL) reports earnings on 5/1/2018 after the market close.

Dow DuPont (DWDP) reports earnings on 5/3/2018 before the market open.

Disney (DIS) reports earnings on 5/8/2018 after the market close.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is down -16.26% year-to-date.

Financial Calendar

12:30 Core PCE Prices, 2.50%, 1.90%

12:30 Employment Benefits (QoQ) (Q1), 0.50%

12:30 Employment Cost Index (QoQ) (Q1), 0.7%, 0.6%

12:30 Employment Wages (QoQ) (Q1), 0.50%

12:30 GDP (QoQ) (Q1), 2.0%, 2.9%

12:30 GDP Price Index (QoQ) (Q1), 2.2%, 2.3%

12:30 PCE Prices, 2.6%, 2.7%

12:30 Real Consumer Spending (Q1), 1.2%, 4.0%

14:00 Michigan 5-Year Inflation Expectations (Apr), 2.40%

14:00 Michigan Consumer Expectations (Apr), 86.9, 86.8

14:00 Michigan Consumer Sentiment (Apr), 98.0, 97.8

14:00 Michigan Current Conditions (Apr), 115.0, 115.0

14:00 Michigan Inflation Expectations (Apr), 2.7%

14:30 ECRI Weekly Annualized (WoW), 3.2%

14:30 ECRI Weekly Index, 148.9

17:00 U.S. Baker Hughes Oil Rig Count, 820

19:30 CFTC Copper speculative net positions, 30.7K

19:30 CFTC Crude Oil speculative net positions, 728.1K

19:30 CFTC Gold speculative net positions, 163.1K

19:30 CFTC S&P 500 speculative net positions, -10.5K

19:30 CFTC Silver speculative net positions, -0.1K

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