The Dow Market Happenings For Friday, August 10, 2018

Dow stocks at 52 week highs include Apple (AAPL), Nike (NKE) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -120 points.

Thursday the Dow was down -74.52 (-0.29%) at 25,509.23.

Year-to-date the Dow is up +3.20%.

There were 14 Dow stocks up Thursday.

The Dow stock winners Thursday were led by DowDuPont (DWDP) +2.01% and UnitedHealth (UNH) +1.07%

The Dow stock losers Thursday were led by Procter & Gamble (PG) -1.15% and 3M (MMM) -1.14%.

Intel (INTC +0.36%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs with a price target of $44.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down two-tenths of a cent at $2.867 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

Home Depot (HD)

Home Depot (HD) is up +4.51% year-to-date.

Financial Calendar

12:30 Core CPI (MoM) (Jul), 0.2%, 0.2%

12:30 Core CPI (YoY) (Jul), 2.3%, 2.3%

12:30 Core CPI Index (Jul), 257.31

12:30 CPI (YoY) (Jul), 3.0%, 2.9%

12:30 CPI (MoM) (Jul), 0.2%, 0.1%

12:30 CPI Index, n.s.a. (Jul), 251.98, 251.99

12:30 Real Earnings (MoM) (Jul), 0.1%, 0.1%

14:30 ECRI Weekly Annualized (WoW), 1.0%

14:30 ECRI Weekly Index, 147.8

15:00 Cleveland CPI (MoM) (Jul), 0.2%

16:00 WASDE Report

17:00 U.S. Baker Hughes Oil Rig Count, 859

18:00 Federal Budget Balance (Jul), -77.8B, -75.0B

19:30 CFTC Copper speculative net positions, 8.2K

19:30 CFTC Crude Oil speculative net positions, 613.4K

19:30 CFTC Gold speculative net positions, 35.3K

19:30 CFTC S&P 500 speculative net positions, 170.3K

19:30 CFTC Silver speculative net positions, 5.9K

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