The Dow Market Happenings For Friday, July 13, 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 up +12 points.

Thursday the Dow was up +224.44 (+0.91%) at 24,924.89.

Year-to-date the Dow is up +0.83%.

There were 25 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Cisco (CSCO) +2.37% and Intel (INTC) +2.25%.

The Dow stock losers Thursday were led by Procter & Gamble (PG) -0.34% and Coca Cola (KO) -0.27%.

JPMorgan Chase (JPM +0.43%) rose more than 1% in premarket trading after it reported Q2 FICC sales and trading revenue of $3.45 billion, better than consensus of $3.20 billion.

McDonald’s (MCD +0.32%) lost 1% in after-hours trading after the Illinois Department of Public Health received confirmation of about 90 cases of cyclophorias, possibly liked to salads produced for McDonald’s restaurants.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up two-tenths of a cent at $2.886 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) reported earnings on 7/13/2018 before the market open of $2.27, beating estimates calling for $2.27 per share.

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.

Boeing (BA) reports earnings on 7/25/2018 before the market open.

Coca Cola (KO) reports earnings on 7/25/2018 before the market open.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) is down -14.14% year-to-date.

Financial Calendar

12:30 Export Price Index (YoY), 5.7%, 4.9%

12:30 Export Price Index (MoM) (Jun), 0.2%, 0.6%

12:30 Import Price Index (YoY), 4.3%, 4.3%

12:30 Import Price Index (MoM) (Jun), 0.1%, 0.6%

14:00 Michigan 5-Year Inflation Expectations (Jul), 2.50%

14:00 Michigan Consumer Expectations (Jul), 89.7, 89.1

14:00 Michigan Consumer Sentiment (Jul), 98.1, 98.2

14:00 Michigan Current Conditions (Jul), 113.0, 111.8

14:00 Michigan Inflation Expectations (Jul), 3.0%

14:30 ECRI Weekly Annualized (WoW), 2.2%

14:30 ECRI Weekly Index, 147.4

16:30 FOMC Member Bostic Speaks

17:00 U.S. Baker Hughes Oil Rig Count, 858

19:30 CFTC Copper speculative net positions, 25.5K

19:30 CFTC Crude Oil speculative net positions, 656.7K

19:30 CFTC Gold speculative net positions, 78.3K

19:30 CFTC S&P 500 speculative net positions, 168.0K

19:30 CFTC Silver speculative net positions, 24.7K

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