The Dow Market Happenings For Thursday, October 25, 2018

Dow stocks at 52 week highs include Verizon (VZ). Dow stock 52 week lows include Goldman Sachs (GS), IBM (IBM) and 3M (MMM).

The Market

Premarket today, the Dow was indicated to open up +99 points.

Wednesday the Dow was down -608.01 (-2.41%) at 24,583.42.

Year-to-date the Dow is down -0.55%.

There were 5 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Procter & Gamble (PG) +2.64%, Boeing (BA) +1.31% and Coca Cola (KO) +0.80%.

The Dow stock losers Wednesday were led by United Technologies (UTX) -6.11%, Microsoft (MSFT) -5.35% and Disney (DIS) -5.29%.

There were 17 Dow stocks down 2% or more Wednesday.

Microsoft (MSFT -5.35%) rallied nearly 5% in premarket trading after it reported Q1 EPS of $1.14, better than consensus of 96 cents.

Visa (V -3.49%) gained 2% in after-hours trading after it reported Q4 adjusted EPS of $1.21, better than consensus of $1.20.

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

The national average price of gasoline is down two-tenths of a cent at $2.842 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) reported earnings on 10/16/18 after the market close of $3.42, missing estimates of $3.434 per share.

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.

Procter & Gamble (PG) reported earnings on 10/19/2018 before the market open of $1.12,meeting expectations of $1.116 per share.

Travelers (TRV) reported earnings on 10/19/18 before the market open of $2.54, beating estimates calling for $2.19 per share.

American Express (AXP) reported earnings on 10/18/18 after the market close of $1.88,beating estimates of $1.808 per share.

McDonald’s (MCD) reported earnings on 10/23/2018 before the market open of $2.10, beating estimates of $2.012 per share.

3M (MMM) reported earnings on 10/23/2018 before the market open of $2.58, missing estimates of $2.726 per share.

United Technologies (UTX) reported earnings on 10/23/2018 before the market open of $1.93, beating estimates calling for $1.861 per share.

Verizon (VZ) reports earnings on 10/23/2018 before the market open of $1.22, beating estimates of $1.211 per share.

Boeing (BA) reported earnings on 10/24/2018 before the market open of $3.58, beating estimates calling for $3.513 per share.

Microsoft (MSFT) reported earnings on 10/24/2018 after the market close of $1.14, beating estimates of $1.007 per share.

Visa (V) reported earnings on 10/24/2018 after the market close of $1.21, missing estimates calling for $1.244 per share.

Merck (MRK) reported earnings on 10/25/2018 before the market open of $1.19, beating estimates calling for $1.167 per share.

Intel (INTC) 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.

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.

Cisco (CSCO) reports earnings on 11/14/2018 after the market close.

Walmart (WMT) reports earnings on 11/15/2018 before the market open.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) is up +27.10% year-to-date.

Financial Calendar

12:30 Cap Goods Ship Non Defense Ex Air (MoM), -0.2%

12:30 Continuing Jobless Claims, 1,653K, 1,640K

12:30 Core Durable Goods Orders (MoM) (Sep), 0.5%, 0.1%

12:30 Durable Goods Orders (MoM) (Sep), -1.3%, 4.4%

12:30 Durables Excluding Defense (MoM) (Sep), 0.1%, 2.5%

12:30 Goods Orders Non Defense Ex Air (MoM) (Sep), 0.5%, -0.9%

12:30 Goods Trade Balance (Sep), -74.90B, -75.46B

12:30 Initial Jobless Claims, 214K, 210K

12:30 Jobless Claims 4-Week Avg., 211.75K

12:30 Wholesale Inventories (MoM), 0.5%, 1.0%

Tentative Bloomberg Consumer Confidence, 59.5

14:00 Pending Home Sales (MoM) (Sep), -0.1%, -1.8%

14:00 Pending Home Sales Index (Sep), 104.2

14:30 Natural Gas Storage, 51B, 81B

15:00 KC Fed Composite Index (Oct), 13

15:00 KC Fed Manufacturing Index (Oct), 10

16:15 FOMC Member Clarida Speaks

17:00 7-Year Note Auction, 3.034%

21:30 FOMC Member Mester Speaks

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