The Dow Market Happenings For Wednesday, July 25, 2018

Dow stocks at 52 week highs include Microsoft (MSFT) and Visa (V). Dow stock 52 week lows include 3M (MMM).

The Market

Premarket today, the Dow was indicated to open down -73 points.

Tuesday the Dow was up +197.65 (+0.79%) at 25,241.94.

Year-to-date the Dow is up +2.11%.

There were 23 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by United Technologies (UTX) +3.76% and Johnson & Johnson (JNJ) +2.16%.

The Dow stock losers Tuesday were led by Nike (NKE) -1.38% and McDonald’s (MCD) -0.51%.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down seven-tenths of a cent at $2.846 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) reported earnings on 7/17/2018 before the market open of $5.98, beating estimates calling for $4.66 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/2018 before the market open of $2.10, beating estimates of $2.083 per share.

UnitedHealth (UNH) reported earnings on 7/17/2018 before the market open of $3.14, beating estimates of 3.088 per share.

American Express (AXP) reported earnings on 7/18/2018 after the market close of $1.84, missing estimates calling for $1.868 per share.

IBM (IBM) reported earnings on 7/18/2018 after the market close of $3.08, beating estimates calling for $3.058 per share.

Travelers (TRV) reported earnings on 7/19/2018 before the market open $1.92, missing estimates of $2.446 per share.

Microsoft (MSFT) reported earnings on 7/19/2018 after the market close of $1.13, beating estimates calling for $1.11 per share.

3M (MMM) reported earnings on 7/24/2018 before the market open of $3.07, beating estimates of $2.603 per share.

United Technologies (UTX) reported earnings on 7/24/2018 before the market open of $1.97, beating estimates calling for $1.88 per share.

Verizon (VZ) reported earnings on 7/24/2018 before the market open of $1.20, beating estimates of $1.159 per share.

Boeing (BA) reported earnings on 7/25/2018 before the market open of $3.33, missing estimates of $3.448 per share.

Coca Cola (KO) reported earnings on 7/25/2018 before the market open of $0.61, meeting expectations of $0.609 per share.

McDonald’s (MCD) reports earnings on 7/26/2018 before the market open.

Intel (INTC) reports earnings on 7/26/2018 after the market close.

Chevron (CVX) reports earnings on 7/27/2018 before the market open.

Exxon Mobil (XOM) reports earnings on 7/27/2018 before the market open.

Merck (MRK) reports earnings on 7/27/2018 before the market open.

Caterpillar (CAT) reports earnings on 7/30/2018 before the market open.

Pfizer (PFE) reports earnings on 7/31/2018 before the market open.

Procter & Gamble (PG) reports earnings on 7/31/2018 before the market open.

Apple (AAPL) reports earnings on 7/31/2018 after the market close.

DowDuPont (DWDP) reports earnings on 8/2/2018 before the market open.

Today’s Featured Dow Stock

3M (MMM)

3M (MMM) is down -14.74% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.77%

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

11:00 MBA Purchase Index , 247.9

11:00 Mortgage Market Index, 363.3

11:00 Mortgage Refinance Index, 979.6

14:00 New Home Sales (Jun), 670K, 689K

14:00 New Home Sales (MoM) (Jun), -2.8%, 6.7%

14:30 Crude Oil Inventories, -2.331M, 5.836M

14:30 Crude Oil Imports, 2.201M

14:30 Cushing Crude Oil Inventories, -0.860M

14:30 Distillate Fuel Production, -0.268M

14:30 EIA Weekly Distillates Stocks, 0.207M, -0.371M

14:30 Gasoline Production, -0.407M

14:30 Heating Oil Stockpiles, -0.319M

14:30 Gasoline Inventories, -0.713M, -3.165M

17:00 5-Year Note Auction, 2.719%

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