DJIA Market Happenings For Wednesday, February 20, 2019

Dow stocks at 52 week highs include Cisco (CSCO) +14.59% YTD and Procter & Gamble (PG) +8.78% YTD. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -17 points.

Tuesday the Dow was up +8.07 (+0.03%) at 25,891.32.

Year-to-date the Dow is up +10.99%.

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Walmart (WMT) +2.21%, Procter & Gamble (PG) +1.53% and Wagreens (WBA) +1.36%.

The Dow stock losers Tuesday were Nike (NKE) -0.95%, Coca Cola (KO) -0.91% and American Express (AXP) -0.82%.

Merck (MRK) stock fell 1.3% in Wednesday’s premarket. Merck immunotherapy drug Keytruda failed a Phase 3 trial for a specific type of liver cancer. The Dow Jones drug giant is testing Keytruda, already approved for certain cancers, for a variety of others.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up 2.4 cents at $2.360 per gallon.

Earnings Reports.

JPMorgan (JPM) reported earnings on 1/15/2019 before the market open of $1.98, missing estimates calling for $2.24 per share.

UnitedHealth (UNH) reported earnings on 1/15/2019 before the market open of $2.28, just beating estimates of $2.272 per share.

Goldman Sachs (GS) reported earnings on 1/16/2019 before the market open of $$6.04, beating estimates calling for $4.30 per share.

American Express (AXP) reported earnings on 1/17/2019 after the market close of $2.32, beating estimates calling for $1.832 per share.

Johnson & Johnson (JNJ) reported earnings on 1/22/2019 before the market open of $2.02, beating estimates calling for $1.969 per share.

Travelers (TRV) reported earnings on 1/22/2019 before the market open of $2.13, missing estimates calling for $2.315 per share.

IBM (IBM) reported earnings on 1/22/2019 after the market close of $4.87, meeting estimates of $4.87 per share.

Procter & Gamble (PG) reported earnings on 1/23/2019 before the market open of $1.25, beating estimates of $1.224 per share.

United Technologies (UTX) reported earnings on 1/23/2019 before the market open of $1.95, beating estimates calling for $1.554 per share.

Intel (INTC) reported earnings on 1/24/2019 after the market close of $1.28, beating estimates of $1.261 per share.

Caterpillar (CAT) reported earnings on 1/28/2019 before the market open of $2.55, missing estimates calling for $3.004 per share.

3M (MMM) reported earnings on 1/29/2019 before the market open of $2.31, meeting expectations of $2.305 per share.

Pfizer (PFE) reported earnings on 1/29/2019 before the market open of $0.64, missing estimates calling for $0.656 per share.

Verizon (VZ) reported earnings on 1/29/2019 before the market open of $1.12, beating estimates calling for $1.102 per share.

Apple (AAPL) reported earnings on 1/29/2019 after the market close of $4.18, missing estimates calling for $4.195 per share.

Boeing (BA) reported earnings on 1/30/2019 before the market open of $5.48, beating estimates of $4.561 per share.

McDonald’s (MCD) reported earnings on 1/30/2019 before the market open of $1.82, missing estimates of $1.938 per share.

Microsoft (MSFT) reported earnings on 1/30/2019 after the market close of $1.10, missing estimates calling for $1.128 per share.

DowDuPont (DWDP) reported earnings on 1/31/2019 before the market open of $0.88, inline with estimates of $0.88 per share.

Chevron (CVX) reported earnings on 2/1/2019 before the market open of $1.95, missing estimates of $1.97 per share.

Exxon Mobil (XOM) reported earnings on 2/1/2019 before the market open of $1.41, beating estimates of $1.135 per share.

Merck (MRK) reported earnings on 2/1/2019 before the market open of $1.04, missing estimates of $1.06 per share.

Disney (DIS) reported earnings on 2/5/2019 after the market close of $1.84, beating estimates calling for $1.618 per share.

CIsco (CSCO) reported earnings on 2/13/2019 after the market close of $0.73, missing estimates of $0.743 per share.

Coca Cola (KO) reported earnings on 2/14/2019 before the market open of $0.433, beating estimates of $0.445 per share.

Walmart (WMT) reported earnings on 2/19/2019 before the market open of $1.41, beating estimates calling for $1.349 per share.

Home Depot (HD) reports earnings on 2/26/2019 before the market open.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) is up +0.95% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:55 AM ET Redbook

10:00 AM ET Commerce Retail Sales

2:00 PM ET FOMC Minutes

3:00 PM ET Farm Prices

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