The Dow Market Happenings For Thursday, August 2, 2018

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

The Market

Premarket today, the Dow was indicated to open down -147 points.

Wednesday the Dow was down -81.37 (-0.32%) at 25,333.8.

Year-to-date the Dow is up +2.49%.

There were 10 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Apple (AAPL) +5.89% and Intel (INTC) +1.48%.

The Dow stock losers Wednesday were led by Caterpillar (CAT) -3.66% and 3M (MMM) -2.48%.

Boeing (BA -0.99%) was downgraded to ‘Hold’ from ‘Buy’ at Nord/LB.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up five-tenths of a cent at $2.874 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) reported earnings on 8/2/2018 before the market open of $1.37 per share.

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

Home Depot (HD) reports earnings on 8/14/2018 before the market open.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) is up +9.30% year-to-date.

Financial Calendar

11:30 Challenger Job Cuts (YoY), 19.6%

11:30 Challenger Job Cuts (Jul), 37.2K

12:30 Continuing Jobless Claims, 1,750K, 1,745K

12:30 Initial Jobless Claims, 221K, 217K

12:30 Jobless Claims 4-Week Avg., 218.00K

13:45 ISM – NY Business Conditions (Jul), 785.0

14:00 Cap Goods Ship Non Defense Ex Air (MoM), 1.0%

14:00 Factory Orders (MoM) (Jun), 0.7%, 0.4%

14:00 Factory orders ex transportation (MoM) (Jun), 0.7%

14:30 Natural Gas Storage, 43B, 24B

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