DJIA Market Happenings For Friday, October 26, 2018

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

The Market

Premarket today, the Dow was indicated to open down -176 points.

Thursday the Dow was up +401.13 (+1.63%) at 24984.55.

Year-to-date the Dow is down +1.07%.

There were 23 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Microsoft (MSFT) +5.84%, Visa (V) +4.66% and Intel (INTC) +4.46%.

The Dow stock losers Thursday were led by Verizon (VZ) -1.72%, McDonald’s (MCD) -1.15% and Merck (MRK) -0.82%.

Intel (INTC +4.46%) rose 3% in after-hours trading after it reported Q3 revenue of $19.16 billion, well above consensus of $18.12 billion.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down five-tenths of a cent at $2.837 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) reported earnings on 10/25/2018 after the market close of $1.40, beating estimates of $1.19 per share.

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

Boeing (BA)

Boeing (BA) is up +23.35% year-to-date.

Financial Calendar

12:30 Core PCE Prices, 2.00%, 2.10%

12:30 GDP (QoQ) (Q3), 3.3%, 4.2%

12:30 GDP Price Index (QoQ) (Q3), 2.1%, 3.3%

12:30 Real Consumer Spending (Q3), 3.8%

14:00 Michigan 5-Year Inflation Expectations (Oct), 2.30%

14:00 Michigan Consumer Expectations (Oct), 89.1, 89.1

14:00 Michigan Consumer Sentiment (Oct), 99.0, 99.0

14:00 Michigan Current Conditions (Oct), 114.4, 114.4

14:00 Michigan Inflation Expectations (Oct), 2.8%

17:00 U.S. Baker Hughes Oil Rig Count, 873

19:30 CFTC Copper speculative net positions, 8.9K

19:30 CFTC Crude Oil speculative net positions, 493.2K

19:30 CFTC Gold speculative net positions, 17.7K

19:30 CFTC S&P 500 speculative net positions, 226.8K

19:30 CFTC Silver speculative net positions, -14.8K

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