DJIA Market Happenings For Tuesday, May 15, 2018

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

The Market

Premarket today, the Dow was indicated to open down -154 points.

Monday the Dow was up +68.24 (+0.27%) at 24,899.41.

Year-to-date the Dow is up +0.73%.

There were 19 Dow stocks up Monday.

The Dow stock winners Monday were led by UnitedHealth (UNH) +1.94% and Wal-Mart (WMT) +1.21%.

The Dow stock losers Monday were led by Travelers (TRV) -0.95% and Johnson & Johnson (JNJ) -0.93%.

All 30 Dow stocks are currently showing a sideways trend. Personally I’m rooting for a rapid, harsh decline.

Home Depot (HD +0.40%) is down more than 2% in premarket trading after it said Q1 comparable sales rose +4.2%, weaker than consensus of +5.6%, and reported Q1 revenue of $24.9 billion, below consensus of $25.2 billion.

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

The national average price of gasoline is up eight-tenths of a cent at $2.879 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) reported earnings on 5/15/2018 before the market open of $2.08, missing estimates calling for $2.10 per share.

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

Goldman Sachs (GS)

Goldman Sachs (GS) is down -4.26% year-to-date.

Financial Calendar

12:00 FOMC Member Kaplan Speaks

12:30 Core Retail Sales (MoM) (Apr), 0.5%, 0.2%

12:30 NY Empire State Manufacturing Index (May), 15.10, 15.80

12:30 Retail Control (MoM) (Apr), 0.4%, 0.4%

12:30 Retail Sales (MoM) (Apr), 0.4%, 0.6%

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

12:55 Redbook (YoY), 4.2%

12:55 Redbook (MoM), 0.8%

14:00 Business Inventories (MoM) (Mar), 0.2%, 0.6%

Tentative MBA Delinquency Rates (QoQ), 5.17%

14:00 NAHB Housing Market Index (May), 70, 69

15:30 4-Week Bill Auction, 1.660%

17:00 FOMC Member Williams Speaks

20:00 US Foreign Buying, T-bonds (Mar), 43.20B

20:00 Overall Net Capital Flow (Mar), -55.60B, 44.70B

20:00 TIC Net Long-Term Transactions (Mar), 52.0B, 49.0B

20:00 TIC Net Long-Term Transactions including Swaps (Mar), 35.80B

20:30 API Weekly Crude Oil Stock, -1.850M

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