The Dow Market Happenings For Friday, August 17, 2018

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

The Market

Premarket today, the Dow was indicated to open down -57 points.

Thursday the Dow was up +396.32 (+1.58%) at 25,558.73.

Year-to-date the Dow is up +3.40%.

There were 27 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Walmart (WMT) +9.33% and Boeing (BA) +4.29%.

The Dow stock losers Wednesday were led by Intel (INTC) -0.61% and Disney (DIS) -0.33%.

Walmart (WMT +9.33%) was downgraded to ‘Outperform’ from ‘Strong Buy’ at Raymond James.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down four-tenths of a cent at $2.850 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) reported earnings on 8/14/2018 before the market open of $3.05, beating estimates calling for $2.84 per share.

Cisco (CSCO) reported earnings on 8/15/2018 after the market close of $0.70, meeting expectations of $0.70 per share.

Walmart (WMT) reported earnings on 8/16/2018 before the market open of $1.29, beating estimates calling for $1.221 per share.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) is down -6.04% year-to-date.

Financial Calendar

Tentative MBA Delinquency Rates (QoQ), 4.63%

14:00 Michigan 5-Year Inflation Expectations (Aug), 2.40%

14:00 Michigan Consumer Expectations (Aug), 87.3

14:00 Michigan Consumer Sentiment (Aug), 98.1, 97.9

14:00 Michigan Current Conditions (Aug), 114.4

14:00 Michigan Inflation Expectations (Aug), 2.9%

14:30 ECRI Weekly Annualized (WoW), 0.6%

14:30 ECRI Weekly Index, 147.8

17:00 U.S. Baker Hughes Oil Rig Count, 869

19:30 CFTC Copper speculative net positions, 2.2K

19:30 CFTC Crude Oil speculative net positions, 608.9K

19:30 CFTC Gold speculative net positions, 12.7K

19:30 CFTC S&P 500 speculative net positions, 165.2K

19:30 CFTC Silver speculative net positions, 4.3K

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