DJIA Market Happenings For Friday, April 26, 2019

Dow stocks at 52 week highs include American Express (AXP), Disney (DIS) and Microsoft (MSFT). Dow stock 52 week lows include Walgreens (WBA).

The Market

Premarket today, the Dow was indicated to open up +27 points.

Thursday the Dow was down -134.97 (-0.51%) at 26,462.08.

Year-to-date the Dow is up +13.44%.

There were 14 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Microsoft (MSFT) +3.31%, Merck (MRK) +2.15% and Boeing (BA) +1.95%.

The Dow stock losers Thursday were led by 3M (MMM) -12.95%, Verizon (VZ) -2.15% and Intel (INTC) -1.89%.

Intel (INTC) slashes its forecast. The chipmaker beat on both the top and bottom lines but said it expected to generate $69 billion of revenue for fiscal-year 2019, below the Wall Street consensus of $71.05 billion.

The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in six years. First-quarter GDP expanded by 3.2% in the first quarter. Economists had expected the U.S. economy to increase by 2.5% in the first quarter. It was the first time since 2013 that first-quarter GDP topped 3%. Exports rose 3.7% in the first quarter, while imports decreased by 3.7%.

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

The national average price of gasoline is up six-tenths of a cent at $2.883 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) reported earnings on 4/18/201 before the market open of $2.01, essentially meeting estimates of $2.014 per share.

Travelers (TRV) reported earnings on 4/18/201 before the market open of $2.83, beating estimates calling for $2.678 per share.

Coca Cola (KO) reported earnings on 4/23/201 before the market open of $0.48, beating estimates of $0.473 per share.

Procter & Gamble (PG) reported earnings on 4/23/201 before the market open of $1.06, meeting estimates of $1.06 per share.

United Technologies (UTX) reported earnings on 4/23/201 before the market open of $1.91, beating estimates calling for $1.825 per share.

Verizon (VZ) reported earnings on 4/23/201 after the market close of $1.20, beating estimates of $1.191 per share.

Boeing (BA) reported earnings on 4/24/201 before the market open of $3.16, missing estimates calling for $3.291 per share.

Caterpillar (CAT) reported earnings on 4/24/201 before the market open of $2.94, beating estimates of $2.856 per share.

Microsoft (MSFT) reported earnings on 4/24/2019 after the market close of $1.14, beating estimates of $1.051 per share.

Visa (V) reported earnings on 4/24/2019 after the market close of $1.31, beating estimates of $1.281 per share.

3M (MMM) reported earnings on 4/25/201 before the market open of $2.23, missing estimates calling for $2.519 per share.

Intel (INTC) reported earnings on 4/25/2019 after the market close of $0.89, missing estimates of $0.913 per share.

Chevron (CVX) reported earnings on 4/26/201 before the market open of $1.39, missing estimates of $1.421 per share.

Exxon Mobil (XOM) reported earnings on 4/26/201 before the market open of $0.55, missing estimates calling for $0.919 per share.

McDonald’s (MCD) reports earnings on 4/30/201 before the market open.

Merck (MRK) reports earnings on 4/30/201 before the market open.

Pfizer (PFE) reports earnings on 4/30/201 before the market open.

Apple (AAPL) reports earnings on 4/30/2019 after the market close.

Dow (DOW) reports earnings on 5/2/2019 before the market open.

Disney (DIS) reports earnings on 5/8/2019 after the market close.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) is up +18.70% year-to-date.

Financial Calendar

8:30 AM ET GDP

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker-Hughes Rig Count

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