The Dow Market Happenings For Friday, May 4, 2018

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include Coca Cola (KO) and Johnson & Johnson (JNJ).

The Market

Premarket today, the Dow was indicated to open down -72 points.

Thursday the Dow was up +5.17 (+0.02%) at 23,930.15.

Year-to-date the Dow is down -3.19%.

There were 11 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Boeing (BA) +2.01% and Cisco (CSCO) +1.32%.

The Dow stock losers Thursday were led by Nike (NKE) -1.99% and General Electric (GE) -1.76%.

Intel (INTC -0.06%) was rated a new ‘Outperform’ at New Street Research with a price target of $70.

The unemployment rate was 3.9 percent, the lowest rate since 2000. It had been 4.1 percent since October. There were 164,000 jobs were added last month. Wall Street economists had expected an increase of about 193,000. The Labor Department revised the job figures for February slightly downward, but revised the numbers for March sharply upward. The result was a net increase of 30,000 jobs, compared with previous estimates.

European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is unchanged at $2.817 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) reported earnings on 4/30/2018 before the market open of $1.72, with estimates calling for $1.706 per share.

Merck (MRK) reported earnings on 5/1/2018 before the market open of $1.05, beating estimates calling for $1.004 per share.

Pfizer (PFE) reported earnings on 5/1/2018 before the market open of $0.77, beating estimates calling for $0.757 per share.

Apple (AAPL) reported earnings on 5/1/2018 after the market close of $2.73, barely beating estimates calling for $2.729 per share.

Dow DuPont (DWDP) reported earnings on 5/3/2018 before the market open of $1.12 per share.

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

Home Depot (HD) reports earnings on 5/15/2018 before the market open.

Cisco (CSCO) reports earnings on 5/16/2018 after the market close.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is up +0.66% year-to-date.

Financial Calendar

12:30 Average Hourly Earnings (MoM) (Apr), 0.2%, 0.3%

12:30 Average Weekly Hours (Apr), 34.5, 34.5

12:30 Government Payrolls (Apr), 1.0K

12:30 Manufacturing Payrolls (Apr), 20.0K, 22.0K

12:30 Nonfarm Payrolls (Apr), 189K, 103K

12:30 Participation Rate (Apr), 62.9%

12:30 Private Nonfarm Payrolls (Apr), 194K, 102K

12:30 U6 Unemployment Rate (Apr), 8.0%

12:30 Unemployment Rate (Apr), 4.0%, 4.1%

14:30 ECRI Weekly Annualized (WoW), 3.5%

14:30 ECRI Weekly Index, 150.4

16:00 FOMC Member Dudley Speaks

17:00 U.S. Baker Hughes Oil Rig Count, 825

19:00 FOMC Member Williams Speaks

19:30 CFTC Copper speculative net positions, 42.6K

19:30 CFTC Crude Oil speculative net positions, 712.4K

19:30 CFTC Gold speculative net positions, 136.6K

19:30 CFTC S&P 500 speculative net positions, 211.0K

19:30 CFTC Silver speculative net positions, 12.0K

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