DJIA Market Happenings For Thursday, July 12, 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 +199 points.

Wednesday the Dow was down -219.21 (-0.88%) at 24,700.45.

Year-to-date the Dow is up -0.08%.

There were 5 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Disney (DIS) +1.90% and Visa (V) +1.07%.

The Dow stock losers Wednesday were led by Chevron (CVX) -3.19% and Caterpillar (CAT) -3.18%.

Unemployment insurance weekly claims in the week ending July 7, the advance figure for seasonally adjusted initial claims was 214,000, a decrease of 18,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 231,000 to 232,000. The 4-week moving average was 223,000, a decrease of 1,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 224,500 to 224,750. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending June 30, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending June 30 was 1,739,000, a decrease of 3,000 from the previous week’s revised level. The previous week’s level was revised up 3,000 from 1,739,000 to 1,742,000. The 4-week moving average was 1,728,500, an increase of 9,500 from the previous week’s revised average. The previous week’s average was revised up by 750 from 1,718,250 to 1,719,000.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up 1.2 cents at $2.884 per gallon.

Earnings Reports.

Walgreens (WBA) reported earnings on 6/28/2018 before the market open with $1.53 per share, beating estimates calling for $1.503 per share.

Nike (NKE) reported earnings on 6/28/2018 after the market close of $0.69, beating estimates of $0.673 per share.

JPMorgan (JPM) reports earnings on 7/13/2018 before the market open.

Goldman Sachs (GS) reports earnings on 7/17/2018 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/17/2018 before the market open.

UnitedHealth (UNH) reports earnings on 7/17/2018 before the market open.

American Express (AXP) reports earnings on 7/18/2018 after the market close.

IBM (IBM) reports earnings on 7/18/2018 after the market close.

Microsoft (MSFT) reports earnings on 7/19/2018 after the market close.

Travelers (TRV) reports earnings on 7/19/2018 before the market open.

3M (MMM) reports earnings on 7/24/2018 before the market open.

United Technologies (UTX) reports earnings on 7/24/2018 before the market open.

Verizon (VZ) reports earnings on 7/24/2018 before the market open.

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is up +2.73% year-to-date.

Financial Calendar

12:30 Continuing Jobless Claims, 1,720K, 1,739K

12:30 Core CPI (YoY) (Jun), 2.3%, 2.2%

12:30 Core CPI (MoM) (Jun), 0.2%, 0.2%

12:30 Core CPI Index (Jun), 256.89

12:30 CPI (MoM) (Jun), 0.2%, 0.2%

12:30 CPI (YoY) (Jun), 2.9%, 2.8%

12:30 CPI Index, n.s.a. (Jun), 252.00, 251.59

12:30 FOMC Member Kashkari Speaks

12:30 Initial Jobless Claims, 227K, 231K

12:30 Jobless Claims 4-Week Avg., 224.50K

12:30 Real Earnings (MoM) (Jun), 0.2%, 0.1%

13:45 Bloomberg Consumer Confidence, 57.6

14:30 Natural Gas Storage, 75B, 78B

15:00 Cleveland CPI (MoM) (Jun), 0.2%

16:00 WASDE Report

16:15 FOMC Member Harker Speaks

17:00 30-Year Bond Auction, 3.100%

18:00 Federal Budget Balance (Jun), -98.2B, -147.0B

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