DJIA Market Happenings For Tuesday, February 26, 2019

Dow stocks at 52 week highs include Boeing (BA), Cisco (CSCO), Merck (MRK) and Procter & Gamble (PG). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +187 points.

Monday the Dow was up +60.14 (+0.23%) at 26,091.95.

Year-to-date the Dow is up +11.85%.

There were 20 Dow stocks up Monday.

The Dow stock winners Monday were led by DowDuPont (DWDP0 +2.02%, Caterpillar (CAT) +1.97% and Cisco (CSCO) +1.36%.

The Dow stock losers Monday were led by Disney (DIS) -1.44%, Home Depot (HD) -1.25% and UnitedHealth (UNH) -0.94%.

Home Depot (HD) reported net income for the quarter ended Feb. 3 of $2.34 billion, or $2.09 per share, compared with $1.78 billion, or $1.52 a share, a year earlier. The latest results included a pretax impairment charge of roughly $247 million, or 16 cents per share, tied to Home Depot’s wholesale business, Interline Brands. Analysts were calling for earnings of $2.20 a share. Revenue for the quarter climbed nearly 11 percent from a year earlier, to $26.49 billion from $23.88 billion. That also came in short of analysts expectations for $26.57 billion. Home Depot shares fell 3 percent in premarket trading on the news.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up four-tenths of a cent at $2.399 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) reported earnings on 2/26/2019 before the market open of $2.09, missing estimates of $2.20 per share.

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is down -1.35% year-to-date.

Financial Calendar

8:30 AM ET Housing Starts

8:55 AM ET Redbook

9:00 AM ET S&P Corelogic Case-Shiller HPI

9:00 AM ET FHFA House Price Index

10:00 AM ET Consumer Confidence

10:00 AM ET Jerome Powell Speaks

10:00 AM ET Richmond Fed Manufacturing

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