DJIA Market Happenings For Thursday, August 8, 2019

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include 3M (MMM) and Pfizer (PFE).

The Market

Premarket today, the Dow was indicated to open up +165 points.

Wednesday the Dow was down -22.45 (-0.09%) at 26,007.07.

Year-to-date the Dow is up +11.49%.

There were 13 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Walgreens (WBA) +2.00%, Coca Cola (KO) +1.74% and Visa (V) +1.65%.

The Dow stock losers Wednesday were led by Disney (DIS) -4.94%, JPMorgan (JPM) -2.17% and IBM (IBM) -1.15%.

Disney (DIS) rebounds more than 1% early on the Dow Jones today, after tumbling 4.9% on Wednesday. Credit Suisse upgraded Disney stock to outperform, from neutral.

Unempolyment insurance weekly claims in the week ending August 3, the advance figure for seasonally adjusted initial claims was 209,000, a decrease of 8,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 215,000 to 217,000. The 4-week moving average was 212,250, an increase of 250 from the previous week’s revised average. The previous week’s average was revised up by 500 from 211,500 to 212,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending July 27, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 27 was 1,684,000, a decrease of 15,000 from the previous week’s unrevised level of 1,699,000. The 4-week moving average was 1,687,250, a decrease of 11,000 from the previous week’s unrevised average of 1,698,250.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down nine-tenths of a cent at $2.684 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) reported earnings on 8/1/2019 before the market open of $1.23, beating estimates calling for $1.22 per share.

Chevron (CVX) reported earnings on 8/2/2019 before the market open of $2.27, beating estimates calling for $1.78 per share.

Exxon Mobil (XOM) reported earnings on 8/2/2019 before the market open of $0.73, missing estimates calling for $0.741 per share.

Disney (DIS) reported earnings on 8/6/2019 after the market close of $1.35, missing estimates calling for $1.798 per share.

Cisco (CSCO) reports earnings on 8/14/2019 after the market close.

Walmart (WMT) reports earnings on 8/15/2019 before the market open.

Today’s Featured Dow Stock

Exxon Mobil (XOM)

Exxon Mobil (XOM) is up +3.39% year-to-date.

Financial Calendar

8:30 AM ET Jobless Claims

10:00 AM ET Wholesale Trade

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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