DJIA Market Happenings For Friday, August 3, 2018

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

The Market

Premarket today, the Dow was indicated to open down -12 points.

Thursday the Dow was down -7.66 (-0.03%) at 25,326.16.

Year-to-date the Dow is up +2.46%.

There were 13 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Apple (AAPL) +2.92% and Procter & Gamble (PG) +1.67%.

The Dow stock losers Thursday were led by DowDuPont (DWDP) -2.24% and Chevron (CVX) -1.30%.

The Jobs Report said 157,000 new jobs were created last month despite widespread complaints among businesses about a shortage of skilled labor. Although the increase fell below the 195,000 forecast, hiring in May and June was stronger than previously reported. Unemployment slipped below 4% again, to 3.9%, as more people found work. Hourly pay rose 7 cents in July to $25.07, but the 12-month rate of wage gains was unchanged at 2.7%.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down one-tenth of a cent at $2.873 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.

Cisco (CSCO) reports earnings on 8/15/2018 after the market close.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is up +0.65% year-to-date.

Financial Calendar

12:30 Average Hourly Earnings (MoM) (Jul), 0.3%, 0.2%

12:30 Average Hourly Earnings (YoY) (YoY) (Jul), 2.7%, 2.7%

12:30 Average Weekly Hours (Jul), 34.5, 34.5

12:30 Exports, 215.33B

12:30 Government Payrolls (Jul), 11.0K

12:30 Imports, 258.38B

12:30 Manufacturing Payrolls (Jul), 22.0K, 36.0K

12:30 Nonfarm Payrolls (Jul), 193K, 213K

12:30 Participation Rate (Jul), 62.9%

12:30 Private Nonfarm Payrolls (Jul), 189K, 202K

12:30 Trade Balance (Jun), -46.50B, -43.10B

12:30 U6 Unemployment Rate (Jul), 7.8%

12:30 Unemployment Rate (Jul), 3.9%, 4.0%

13:45 Markit Composite PMI (Jul), 55.9, 55.9

13:45 Services PMI (Jul), 56.2, 56.2

14:00 Dallas Fed PCE (Jun), 2.30%

14:00 ISM Non-Manufacturing Business Activity (Jul), 63.2, 63.9

14:00 ISM Non-Manufacturing Employment (Jul), 53.6

14:00 ISM Non-Manufacturing New Orders (Jul), 63.2

14:00 ISM Non-Manufacturing PMI (Jul), 58.6, 59.1

14:00 ISM Non-Manufacturing Prices (Jul), 60.7

14:30 ECRI Weekly Annualized (WoW), 0.8%

14:30 ECRI Weekly Index, 147.8

17:00 U.S. Baker Hughes Oil Rig Count, 861

19:30 CFTC Copper speculative net positions, 9.4K

19:30 CFTC Crude Oil speculative net positions, 610.5K

19:30 CFTC Gold speculative net positions, 48.6K

19:30 CFTC S&P 500 speculative net positions, 181.9K

19:30 CFTC Silver speculative net positions, 3.5K

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