DJIA Market Happenings For Tuesday, October 9, 2018

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

The Market

Premarket today, the Dow was indicated to open down -77 points.

Monday the Dow was up +39.73 (+0.15%) at 26,486.78.

Year-to-date the Dow is up +7.15%.

There were 19 Dow stocks up Monday.

The Dow stock winners Monday were led by Walgreens (WBA) +2.26% and Walmart (WMT) +1.48%.

The Dow stock losers Monday were led by Visa (V) -2.39% and Cisco (CSCO) -1.27%.

Apple (AAPL -0.23%) was rated a new ‘Sell’ at Vertical Group with a price target of $175.

Merk & Co (MRK +0.61%) was rated a new ‘Buy’ at Guggenheim Securities with a price target of $84.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down three-tenths of a cent at $2.911 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/25/2018 after the market close of $0.67, just beating estimates calling for $0.657 per share.

Walgreens (WBA) reports earnings on 10/11/18 before the market open.

JPMorgan (JPM) reports earnings on 10/12/18 before the market open.

Goldman Sachs (GS) reports earnings on 10/16/18 before the market open.

IBM (IBM) reports earnings on 10/16/18 after the market close.

Johnson & Johnson (JNJ) reports earnings on 10/16/18 before the market open.

UnitedHealth (UNH) reports earnings on 10/16/18 before the market open.

Travelers (TRV) reports earnings on 10/19/18 before the market open.

American Express (AXP) reports earnings on 10/18/18 after the market close.

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is up +25.01% year-to-date.

Financial Calendar

10:00 NFIB Small Business Optimism (Sep), 108.9, 108.8

12:55 Redbook (YoY), 5.7%

12:55 Redbook (MoM), 0.3%

14:00 Chicago Fed President Evans Speaks

Tentative IBD/TIPP Economic Optimism, 54.6, 55.7

15:30 3-Month Bill Auction, 2.175%

15:30 4-Week Bill Auction, 2.105%

15:30 52-Week Bill Auction, 2.465%

15:30 6-Month Bill Auction, 2.335%

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