DJIA Market Happenings For Wednesday, July 17, 2019

Dow stocks at 52 week highs include American Express (AXP), Cisco (CSCO), Coca Cola (KO), McDonald’s (MCD), Procter & Gamble (PG), Travelers (TRV) and Walmart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -21 points.

Tuesday the Dow was down -23.53 (-0.09%) at 27,335.63.

Year-to-date the Dow is up +17.18%.

There were 10 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Dow (DOW) +2.73%, 3M (MMM) +2.11% and Goldman Sachs (GS) +1.86%.

The Dow stock losers Tuesday were led by Intel (INTC) -1.90%, Johnson & Johnson (JNJ) -1.64% and Exxon Mobil (XOM) -1.49%.

Goldman Sachs raised its Apple (AAPL) price target to $187 per share, up from $171. Apple closed Tuesday at $204.50 per share, roughly 9.4% higher than Goldman’s revised target. Goldman attributed the boost to updated calculations that reflect the S&P 500′s price-to-earnings ratio.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is unchanged at $2.793 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 6/27/2019 before the market open of $1.47, beating estimates calling for $1.46 per share.

Nike (NKE) reported earnings on 6/27/2019 after the market close of $0.62, missing estimates calling for $0.698 per share.

Goldman Sachs (GS) reported earnings on 7/16/2019 before the market open of $5.81, beating estimates of $5.149 per share.

Johnson & Johnson (JNJ) reported earnings on 7/16/2019 before the market open of $2.58, beating estimates of $2.436 per share.

JPMorgan (JPM) reported earnings on 7/16/2019 before the market open of $2.82, beating estimates of $2.568 per share.

IBM (IBM) reports earnings on 7/17/2019 after the market close.

UnitedHealth (UNH) reports earnings on 7/18/2019 before the market open.

Microsoft (MSFT) reports earnings on 7/18/2019 after the market close.

American Express (AXP) reports earnings on 7/19/2019 before the market open.

Coca Cola (KO) reports earnings on 7/23/2019 before the market open.

Travelers (TRV) reports earnings on 7/23/2019 before the market open.

United Technologies (UTX) reports earnings on 7/23/2019 before the market open.

Visa (V) reports earnings on 7/23/2019 after the market close.

Boeing (BA) reports earnings on 7/24/2019 before the market open.

Caterpillar (CAT) reports earnings on 7/24/2019 before the market open.

3M (MMM) reports earnings on 7/25/2019 before the market open.

Dow (DOW) reports earnings on 7/25/2019 before the market open.

Intel (INTC) reports earnings on 7/25/2019 after the market close.

McDonald’s (MCD) reports earnings on 7/26/2019 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +6.24% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Housing Starts

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET Beige Book

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