The Dow Market Happenings For Tuesday, July 31, 2018

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +9 points.

Monday the Dow was down -144.23 (-0.57%) at 25,306.83.

Year-to-date the Dow is up +2.38%.

There were 16 Dow stocks up Monday.

The Dow stock winners Monday were led byMerck (MRK) +2.08% and Chevron (CVX) +1.48%.

The Dow stock losers Monday were led by Visa (V) -3.01% and American Express (AXP) -2.89%.

Intel (INTC +0.02%) was upgraded to ‘Buy’ from ‘Hold’ at DZ Bank AG with a price target of $55.

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

The national average price of gasoline is up five-tenths of a cent at $2.862 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) reported earnings on 7/26/2018 before the market open of $1.90, missing estimates of $1.965 per share.

Intel (INTC) reported earnings on 7/26/2018 after the market close of $1.04, beating estimates of $1.00 per share.

Chevron (CVX) reported earnings on 7/27/2018 before the market open of $1.78, missing estimates calling for $2.095 per share.

Exxon Mobil (XOM) reported earnings on 7/27/2018 before the market open of $0.92, missing estimates calling for $1.249 per share.

Merck (MRK) reported earnings on 7/27/2018 before the market open of $1.06, meeting expectations of $1.059 per share.

Caterpillar (CAT) reported earnings on 7/30/2018 before the market open of $2.97, beating estimates calling for $2.747 per share.

Pfizer (PFE) reported earnings on 7/31/2018 before the market open of $0.81, beating estimates calling for $0.754 per share.

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.

Disney (DIS)) reports earnings on 8/7/2018 after the market close.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) is down -11.31% year-to-date.

Financial Calendar

12:30 Core PCE Price Index (YoY) (Jun), 2.0%, 2.0%

12:30 Core PCE Price Index (MoM) (Jun), 0.1%, 0.2%

12:30 Employment Benefits (QoQ) (Q2), 0.70%

12:30 Employment Cost Index (QoQ) (Q2), 0.7%, 0.8%

12:30 Employment Wages (QoQ) (Q2), 0.90%

12:30 PCE Deflator (YoY), 2.3%, 2.3%

12:30 PCE Deflator (MoM), 0.1%, 0.2%

12:30 Personal Income (MoM) (Jun), 0.4%, 0.4%

12:30 Personal Spending (MoM) (Jun), 0.4%, 0.2%

12:30 Real Personal Consumption (MoM) (Jun), 0.3%

12:55 Redbook (YoY), 3.8%

12:55 Redbook (MoM), 0.3%

13:00 S&P/CS HPI Composite – 20 s.a. (MoM) (May), 0.2%, 0.2%

13:00 S&P/CS HPI Composite – 20 n.s.a. (MoM) (May), 0.8%

13:00 S&P/CS HPI Composite – 20 n.s.a. (YoY) (May), 6.4%, 6.6%

13:45 Chicago PMI (Jul), 61.9, 64.1

14:00 CB Consumer Confidence (Jul), 126.5, 126.4

14:30 Dallas Fed Services Revenues (Jul), 19.0

14:30 Texas Services Sector Outlook (Jul), 22.4

15:30 4-Week Bill Auction, 1.880%

20:30 API Weekly Crude Oil Stock, -3.160M

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