DJIA Market Happenings For Wednesday, July 31, 2019

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

The Market

Premarket today, the Dow was indicated to open up +59 points.

Tuesday the Dow was down -23.33 (-0.09%) at 27,198.02.

Year-to-date the Dow is up +16.59%.

There were 10 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Procter & Gamble (PG) +3.80%, Boeing (BA) +2.13% and Merck (MRK) +0.95%.

The Dow stock losers Tuesday were led by Pfizer (PFE) -6.42%, Intel (INTC) -1.54% and Verizon (VZ) -1.29%.

The Fed two day FOMC meeting ends today and is expected to lower interest rates. Announcement at 11:00 am PDT.

Data published by the Automatic Data Processing (ADP) showed that employment in the private sector in July increased by 156,000 following June’s 112,000 (revised up from 102,000) reading and surpassed the market expectation of 150,000.

European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is down six-tenths of a cent at $2.721 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) reported earnings on 7/17/2019 after the market close of $3.17, beating estimates of $3.078 per share.

UnitedHealth (UNH) reported earnings on 7/18/2019 before the market open of $3.60, beating estimates of $3.528 per share.

Microsoft (MSFT) reported earnings on 7/18/2019 after the market close of $1.37, beating estimates of $1.249 per share.

American Express (AXP) reported earnings on 7/19/2019 before the market open of $2.07, meeting estimates of $2.069 per share.

Coca Cola (KO) reported earnings on 7/23/2019 before the market open of $0.63, meeting estimates of $0.629 per share.

Travelers (TRV) reported earnings on 7/23/2019 before the market open of $2.02, missing estimates calling for $2.374 per share.

United Technologies (UTX) reported earnings on 7/23/2019 before the market open of $2.20, beating estimates of $2.082 per share.

Visa (V) reported earnings on 7/23/2019 after the market close of $1.37, beating estimates calling for $1.363 per share.

Boeing (BA) reported earnings on 7/24/2019 before the market open of -$5.82, missing estimates calling for $1.133 per share.

Caterpillar (CAT) reported earnings on 7/24/2019 before the market open of $2.83, missing estimates calling for $3.152 per share.

3M (MMM) reported earnings on 7/25/2019 before the market open of $2.20, beating estimates calling for $2.07 per share.

Dow (DOW) reported earnings on 7/25/2019 before the market open of $0.86 per share.

Intel (INTC) reports earnings on 7/25/2019 after the market close of $1.06, beating estimates calling for $0.908 per share.

McDonald’s (MCD) reported earnings on 7/26/2019 before the market open of $1.97, missing estimates calling for $2.092 per share.

Merck (MRK) reported earnings on 7/30/2019 before the market open of $1.30, beating estimates of $1.182 per share.

Procter & Gamble (PG) reported earnings on 7/30/2019 before the market open of $1.10, beating estimates of $1.079 per share.

Pfizer (PFE) reported earnings on 7/30/2019 before the market open of $0.80, beating estimates of $0.789 per share.

Apple (AAPL) reported earnings on 7/30/2019 after the market close of $2.18, barely beating estimates calling for $2.172 per share.

Verizon (VZ) reports earnings on 8/1/2019 before the market open.

Chevron (CVX) reports earnings on 8/2/2019 before the market open.

Exxon Mobil (XOM) reports earnings on 8/2/2019 before the market open.

Disney (DIS) reports earnings on 8/6/2019 after the market close.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is up +14.29% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

8:30 AM ET Employment Cost Index

9:45 AM ET Chicago PMI

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET FOMC Meeting Announcement

2:30 PM ET Fed Chair Press Conference

3:00 PM ET Farm Prices

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