DJIA Market Happenings For Thursday, May 16, 2019

Dow stocks at 52 week highs include Procter & Gamble (PG) and Travelers (TRV). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +62 points.

Wedesday the Dow was up +115.97 (+0.45%) at 25,648.02.

Year-to-date the Dow is up +9.95%.

There were 24 Dow stocks up Wedesday.

The Dow stock winners Wedesday were led by Visa (V) +1.61%, Pfizer (PFE) +1.21% and Apple (AAPL) +1.20%.

The Dow stock losers Wedesday were led by 3M (MMM) -0.62%, Walmart (WMT) -0.41% and JPMorgan (JPM) -0.38%.

Unemployment insurance weekly claims in the week ending May 11, the advance figure for seasonally adjusted initial claims was 212,000, a decrease of 16,000 from the previous week’s unrevised level of 228,000. The 4-week moving average was 225,000, an increase of 4,750 from the previous week’s unrevised average of 220,250. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending May 4, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending May 4 was 1,660,000, a decrease of 28,000 from the previous week’s revised level. The previous week’s level was revised up 4,000 from 1,684,000 to 1,688,000. The 4-week moving average was 1,668,250, an increase of 1,500 from the previous week’s revised average. The previous week’s average was revised up by 1,000 from 1,665,750 to 1,666,750.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $2.861 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) reported earnings on 4/30/201 before the market open of $1.72, missing estimates of $1.785 per share.

Merck (MRK) reported earnings on 4/30/201 before the market open of $1.22, beating estimates of $1.075 per share.

Pfizer (PFE) reported earnings on 4/30/201 before the market open of $0.85, beating estimates of $0.782 per share.

Apple (AAPL) reported earnings on 4/30/2019 after the market close of $2.46, meeting estimates calling for $2.46 per share.

Dow (DOW) reported earnings on 5/2/2019 before the market open of $0.84, beating estimates calling for $0.62 per share.

Disney (DIS) reported earnings on 5/8/2019 after the market close of $1.61, missing estimates of $1.664 per share.

Cisco (CSCO) reported earnings on 5/15/2019 after the market close of $0.78, meeting estimates calling for $0.784 per share.

Walmart (WMT) reported earnings on 5/16/2019 before the market open of $1.13, beating estimates calling for $1.057 per share.

Home Depot (HD) reports earnings on 5/21/2019 before the market open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) is up +12.58% year-to-date.

Financial Calendar

8:30 AM ET Housing Starts

8:30 AM ET Jobless Claims

8:30 AM ET Philadelphia Fed Business Outlook Survey

8:30 AM ET Manufacturing Sales

10:30 AM ET EIA Natural Gas Report

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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