The Dow Market Happenings For Wednesday, August 8, 2018

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

The Market

Premarket today, the Dow was indicated to open down -11 points.

Tuesday the Dow was up +126.73 (+0.50%) at 25,628.91.

Year-to-date the Dow is up +3.68%.

There were 22 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Caterpillar (CAT) +2.08% and Exxon Mobil (XOM) +1.36%.

The Dow stock losers Tuesday were led by Apple (APPL) -0.94% and Walgreens (WBA) -0.55%.

Disney (DIS +0.53%) slipped 3% in after-hours trading after it reported Q3 adjusted EPS of $1.87, below estimates of $2.005.

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

The national average price of gasoline is up two-tenths of a cent at $2.865 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) reported earnings on 8/7/2018 after the market close of $1.87, missing estimates calling for $2.005 per share.

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.

Walmart (WMT) reports earnings on 8/16/2018 before the market open.

Today’s Featured Dow Stock

Exxon Mobil (XOM)

Exxon Mobil (XOM) is down -2.83% year-to-date.

Financial Calendar

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

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

11:00 MBA Purchase Index, 237.9

11:00 Mortgage Market Index, 353.1

11:00 Mortgage Refinance Index, 971.3

12:45 FOMC Member Barkin Speaks

Tentative MBA Delinquency Rates (QoQ), 4.63%

14:30 Crude Oil Inventories, -3.333M, 3.803M

14:30 Crude Oil Imports, 1.352M

14:30 Cushing Crude Oil Inventories, -1.338M

14:30 Distillate Fuel Production, 0.002M

14:30 EIA Weekly Distillates Stocks, 0.220M, 2.983M

14:30 Gasoline Production, 0.228M

14:30 Heating Oil Stockpiles, -0.112M

14:30 Gasoline Inventories, -1.700M, -2.536M

17:00 10-Year Note Auction, 2.859%

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.