DJIA Market Happenings For Tuesday, October 16, 2018

There are no Dow stocks at 52 week highs. Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +218 points.

Monday the Dow was down -89.44 (-0.35%) at 25,250.55.

Year-to-date the Dow is up +2.15%.

There were 10 Dow stocks up Monday.

The Dow stock winners Monday were led by Walgreens (WBA) +1.66%, Procter & Gamble (PG) +1.35% and Disney (DIS) +0.74%.

The Dow stock losers Monday were led by Cisco (CSCO) -2.28%, Apple (AAPL) -2.14% and Visa (V) -2.02%.

Johnson & Johnson (JNJ +0.06%) rose +0.5% in premarket trading after it reported Q3 adjusted EPS of $2.95, better than consensus of $$2.03.

Goldman Sachs (GS) earned $6.28 per share for the third quarter, well above the consensus estimate of $5.38 a share. Revenue was also above analysts’ forecasts, and Goldman said its year-to-date return-on-equity is its highest in nine years.

UnitedHealth (UNH) reported adjusted quarterly profit of $3.41 per share, beating estimates by 12 cents a share. Revenue topped forecasts on growth in both insurance and medical services, and UnitedHealth raised its full-year outlook.

Johnson & Johnson (JNJ) reported adjusted quarterly profit of $2.05 per share, beating forecasts by 2 cents a share. Revenue was also above estimates, helped by strong growth in pharmaceuticals and the consumer business, among other factors.

Walmart (WMT) cut its full-year earnings outlook by 25 cents per share, a move designed to reflect the impact of its acquisition of India’s Flipkart. Separately, Walmart and Advance Auto Parts announced plans to open a specialty store on Walmart .com.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down eight-tenths of a cent at $2.885 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) reported earnings on 10/11/18 before the market open of $1.48, barely beating estimates of $1.471 per share.

JPMorgan (JPM) reported earnings on 10/12/18 before the market open of $2.36, beating estimates calling for $2.26 per share.

Goldman Sachs (GS) reported earnings on 10/16/18 before the market open of $6.28, beating estimates of $5.695 per share.

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

Johnson & Johnson (JNJ) reported earnings on 10/16/18 before the market open of $2.05, missing estimates calling for $2.061 per share.

UnitedHealth (UNH) reported earnings on 10/16/18 before the market open of $3.41, beating estimates of $3.356 per share.

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.

McDonald’s (MCD) reports earnings on 10/23/2018 before the market open.

3M (MMM) reports earnings on 10/23/2018 before the market open.

United Technologies (UTX) reports earnings on 10/23/2018 before the market open.

Verizon (VZ) reports earnings on 10/23/2018 before the market open.

Boeing (BA) reports earnings on 10/24/2018 before the market open.

Microsoft (MSFT) reports earnings on 10/24/2018 after the market close.

Visa (V) reports earnings on 10/24/2018 after the market close.

Merck (MRK) reports earnings on 10/25/2018 before the market open.

Visa (V) reports earnings on 10/25/2018 after the market close.

Coca Cola (KO) reports earnings on 10/30/2018 before the market open.

Pfizer (PFE) reports earnings on 10/30/2018 before the market open.

Intel (INTC) reports earnings on 11/1/2018 after the market close.

Chevron (CVX) reports earnings on 11/2/2018 after the market close.

Exxon Mobil (XOM) reports earnings on 11/2/2018 after the market close.

Disney (DIS) reports earnings on 11/8/2018 after the market close.

Home Depot (HD) reports earnings on 11/13/2018 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +18.05% year-to-date.

Financial Calendar

12:55 Redbook (YoY), 6.5%

12:55 Redbook (MoM), 0.4%

13:15 Capacity Utilization Rate (Sep), 78.2%, 78.1%

13:15 Industrial Production (MoM) (Sep), 0.2%, 0.4%

13:15 Manufacturing Production (MoM) (Sep), 0.2%, 0.2%

14:00 JOLTs Job Openings (Aug), 6.945M, 6.939M

14:00 NAHB Housing Market Index (Oct), 68, 67

15:30 4-Week Bill Auction, 2.135%

15:30 8-Week Bill Auction

20:00 US Foreign Buying, T-bonds (Aug), 18.90B

20:00 Overall Net Capital Flow (Aug), 52.20B

20:00 TIC Net Long-Term Transactions (Aug), 47.7B, 74.8B

20:00 TIC Net Long-Term Transactions including Swaps (Aug), 56.60B

20:15 FOMC Member Daly Speaks

20:30 API Weekly Crude Oil Stock, 9.750M

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