DJIA Market Happenings For Monday, May 20, 2019

Dow stocks at 52 week highs include Travelers (TRV). Dow stock 52 week lows include 3M (MMM).

The Market

Premarket today, the Dow was indicated to open down -161 points.

Friday the Dow was down -98.68 (-0.38%) at 25,765.00.

Year-to-date the Dow is up +10.44%.

There were 8 Dow stocks up Friday.

The Dow stock winners Friday were led by UnitedHealth (UNH) +1.94%, Verizon (VZ) +1.24% and Cisco (CSCO) +0.75%.

The Dow stock losers Friday were led by Dow (DOW) -4.11%, Caterpillar (CAT) -3.04% and 3M (MMM) -1.58%.

Home Depot (HD) reports earnings tomorrow before the open.

The US is lifting steel and aluminum tariffs for Canada and Mexico. President Donald Trump announced Friday that the two US neighbors would no longer face tariffs of 25% on steel and 10% on aluminum.

Oil spikes as Trump threatens Iran. Oil prices climbed by as much as 1.6% on Monday morning after President Donald Trump threatened the “official end of Iran.”

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down one-tenth of a cent at $2.850 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

Merck (MRK)

Merck (MRK) is up +3.02% year-to-date.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

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