DJIA Market Happenings For Wednesday, May 9, 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 up +88 points.

Tuesday the Dow was up +2.89 (+0.01%) at 24,360.21.

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

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by JPMorgan (JPM) +1.48% and General Electric (GE) +1.42%.

The Dow stock losers Tuesday were led by Verizon (VZ) -1.49% and Nike (NKE) -1.27%.

Walt Disney (DIS -0.67%) gained more than 1% in after-hours trading after it reported Q2 adjusted EPS of $1.84, better than estimates of $1.73.

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

The national average price of gasoline is up 1.3 cents at $2.826 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) reported earnings on 5/8/2018 after the market close of $1.84, beating estimates calling for $1.73 per share.

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.

Wal-Mart (WMT) reports earnings on 5/17/2018 before the market open.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) is down -5.32% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.80%

11:00 MBA Mortgage Applications (WoW), -2.5%

11:00 MBA Purchase Index, 258.1

11:00 Mortgage Market Index, 388.6

11:00 Mortgage Refinance Index, 1,104.9

12:30 Core PPI (MoM) (Apr), 0.2%, 0.3%

12:30 Core PPI (YoY) (Apr), 2.4%, 2.7%

12:30 PPI (YoY) (Apr), 2.8%, 3.0%

12:30 PPI (MoM) (Apr), 0.2%, 0.3%

14:00 Wholesale Inventories (MoM) (Mar), 0.6%, 0.5%

14:00 Wholesale Trade Sales (MoM), 1.0%

14:30 Crude Oil Inventories, -0.719M, 6.218M

14:30 Crude Oil Imports, 0.263M

14:30 Cushing Crude Oil Inventories, 0.416M

14:30 Distillate Fuel Production, 0.018M

14:30 EIA Weekly Distillates Stocks, -1.375M, -3.900M

14:30 Gasoline Production, 0.159M

14:30 Heating Oil Stockpiles, -0.470M

14:30 Gasoline Inventories, -0.450M, 1.171M

17:00 10-Year Note Auction, 2.795%

17:15 FOMC Member Bostic Speaks

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