The Dow Market Happenings For Thursday, August 15, 2019

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

The Market

Premarket today, the Dow was indicated to open up +41 points.

Wednesday the Dow was down -800.49 (-3.05%) at 25,479.42.

Year-to-date the Dow is up +9.23%.

There were no Dow stocks up Wednesday.

The Dow stock winners Wednesday were not to be found.

The Dow stock losers Wednesday were led by Dow (DOW) -5.91%, Walgreens (WBA) -5.01%, Goldman Sachs (GS) -4.19%, JPMorgan (JPM) -4.15%, Exxon Mobil (XOM), -4.03% and Cisco (CSCO) -4.00%.

Shares of Walmart (WMT) climbed on Thursday after the retailer posted second-quarter revenue and earnings per share that beat Wall Street estimates. The company’s investments in e-commerce, particularly grocery delivery, paid off during the quarter as the segment’s sales grew 37%. Following the strong quarter, Walmart raised its 2020 outlook for US comp sales and earnings per share.

China vowed on Thursday to retaliate against the Trump administration’s threats to levy additional tariffs on its products next month, casting a doubt on trade negotiations a day after Wall Street suffered its worst losses of 2019.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $2.641 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) reported earnings on 8/14/2019 after the market close of $0.83, meeting estimates of $0.83 per share.

Walmart (WMT) repored earnings on 8/15/2019 before the market open of $1.27, beating estimates calling for $1.24 per share.

Home Depot (HD) reports earnings on 8/20/2019 before the market open.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) is up +0.94% year-to-date.

Financial Calendar

8:30 AM ET Jobless Claims

8:30 AM ET Philadelphia Fed Business Outlook Survey

8:30 AM ET Retail Sales

8:30 AM ET Empire State Mfg Survey

8:30 AM ET Productivity and Costs

9:15 AM ET Industrial Production

10:00 AM ET Business Inventories

10:00 AM ET Housing Market Index

10:30 AM ET EIA Natural Gas Report

4:00 PM ET Treasury International Capital

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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