DJIA Market Happenings For Wednesday, August 1, 2018

Dow stocks at 52 week highs include Pfizer (PFE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -8 points.

Tuesday the Dow was up +108.36 (+0.43%) at 25,415.19.

Year-to-date the Dow is up +2.82%.

There were 11 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by 3M (MMM) +3.51% and Pfizer (PFE) +3.47%.

The Dow stock losers Tuesday were led by Walgreens (WBA) -2.23% and Verizon (VZ) -1.62%.

Apple (AAPL +0.20%) climbed more than 3% in premarket trading after it forecast Q4 revenue of $60 billion to $62 billion, above consensus of $59.4 billion.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up seven-tenths of a cent at $2.869 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) reported earnings on 7/31/2018 before the market open of $0.94, beating estimates of $0.913 per share.

Apple (AAPL) reported earnings on 7/31/2018 after the market close of $2.38, beating estimates calling for $2.228 per share.

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

Chevron (CVX)

Chevron (CVX) is up +0.86% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.84%, 4.77%

11:00 MBA Mortgage Applications (WoW), -2.6%, -0.2%

11:00 MBA Purchase Index, 237.9, 245.5

11:00 Mortgage Market Index, 353.1, 362.4

11:00 Mortgage Refinance Index, 971.3, 988.6

12:15 ADP Nonfarm Employment Change (Jul), 219K, 186K, 181K

15 min Manufacturing PMI (Jul), 55.5, 55.5

30 min Construction Spending (MoM) (Jun), 0.3%, 0.4%

30 min ISM Manufacturing Employment (Jul), 56.0, 56.0

30 min ISM Manufacturing New Orders Index (Jul), 63.5

30 min ISM Manufacturing PMI (Jul), 59.4, 60.2

30 min ISM Manufacturing Prices (Jul), 75.5, 76.8

14:30 Crude Oil Inventories, -2.794M, -6.147M

14:30 Crude Oil Imports, -2.518M

14:30 Cushing Crude Oil Inventories, -1.127M

14:30 Distillate Fuel Production, -0.017M

14:30 EIA Weekly Distillates Stocks, 0.264M, -0.101M

14:30 Gasoline Production, -0.037M

14:30 Heating Oil Stockpiles, -0.178M

14:30 Gasoline Inventories, -1.288M, -2.328M

18:00 FOMC Statement

18:00 Fed Interest Rate Decision, 2.00%, 2.00%

19:30 All Car Sales, 5.46M

19:30 All Truck Sales (Jul), 12.01M

19:30 Domestic Car Sales, 3.80M, 3.97M

19:30 Domestic Truck Sales (Jul), 9.25M, 9.61M

19:30 Total Vehicle Sales, 17.10M, 17.47M

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