DJIA Market Happenings For Wednesday, April 17, 2019

Dow stocks at 52 week highs include Cisco (CSCO), McDonald’s (MCD), Microsoft (MSFT), Procter & Gamble (PG) and Visa (V). Dow stock 52 week lows include UnitedHealth (UNH).

The Market

Premarket today, the Dow was indicated to open up +68 points.

Tuesday the Dow was up +67.89 (+0.26%) at 26,452.66.

Year-to-date the Dow is up +13.40%.

There were 21 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Boeing (BA) +1.67%, Caterpillar (CAT) +1.27% and Dow (DOW) +1.25%.

The Dow stock losers Tuesday were led by UnitedHealth (UNH) -4.01%, Pfizer (PFE) -2.78% and Disney (DIS) -1.62%.

IBM (IBM) revenue slumped 4.7% year-over-year to $18.2 billion in the first quarter, making for the third straight quarterly drop. See earnings section below.

Intel (INTC) is giving up on its 5G smartphone business. CEO Bob Swan put out a statement on Tuesday saying there was “no clear path to profitability and positive returns” for Intel’s smartphone-modem business.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up one-tenth of a cent at $2.832 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/21/2019 after the market close of $0.68, beating estimates of $0.662 per share.

Walgreens (WBA) reported earnings on 4/2/2019 before the market open of $1.64, missing estimates calling for $1.732 per share.

JPMorgan (JPM) reported earnings on 4/12/201 before the market open of $2.65, beating estimates calling for $2.337 per share.

Goldman Sachs (GS) reports earnings on 4/15/201 before the market open of $5.71, beating estimates calling for $5.243 per share.

Johnson & Johnson (JNJ) reported earnings on 4/16/201 before the market open of $2.10, beating estimates of $2.064 per share.

UnitedHealth (UNH) reported earnings on 4/16/201 before the market open of $3.73, beating estimates calling for $3.63 per share.

IBM (IBM) reported earnings on 4/16/2019 after the market close of $2.25, missing estimates of $2.271 per share.

American Express (AXP) reports earnings on 4/18/201 before the market open.

Travelers (TRV) reports earnings on 4/18/201 before the market open.

Coca Cola (KO) reports earnings on 4/23/201 before the market open.

Procter & Gamble (PG) reports earnings on 4/23/201 before the market open.

Verizon (VZ) reports earnings on 4/23/201 before the market open.

United Technologies (UTX) reports earnings on 4/23/201 before the market open.

Boeing (BA) reports earnings on 4/24/201 before the market open.

Caterpillar (CAT) reports earnings on 4/24/201 before the market open.

Microsoft (MSFT) reports earnings on 4/24/2019 after the market close.

Visa (V) reports earnings on 4/24/2019 after the market close.

3M (MMM) reports earnings on 4/25/201 before the market open.

Intel (INTC) reports earnings on 4/25/2019 after the market close.

Chevron (CVX) reports earnings on 4/26/201 before the market open.

Exxon Mobil (XOM) reports earnings on 4/26/201 before the market open.

Today’s Featured Dow Stock

Visa (V)

Visa (V) is up +21.44% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET International Trade

10:00 AM ET Wholesale Trade

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET Beige Book

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