DJIA Market Happenings For Wednesday, January 15, 2020

Dow stocks at 52 week highs include American Express (AXP), Goldman Sachs (GS), Coca Cola (KO), Microsoft (MSFT), Nike (NKE) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -71 points.

Tuesday the Dow was up +32.62 (+0.11%) at 28,939.67.

Year-to-date the Dow is up +1.41%.

There were 16 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Pfizer (PFE) +1.67%, JPMorgan (JPM) +1.17% and Walgreens (WBA) +1.04%.

The Dow stock losers Tuesday were led by Apple (AAPL) -1.35%, Exxon Mobil (XOM) -0.86% and Microsoft (MSFT) -0.70%.

Dow stocks leading year-to-date winners include Goldman Sachs (GS) +6.84% and Apple (AAPL) +6.48%.

Dow stocks leading year-to-date losers include Walgreens (WBA) -7.36% and Dow (DOW) -4.55%.

Goldman Sachs (GS) posted its fourth-quarter earnings Wednesday morning, missing the lowest analyst estimate for quarterly profit. The firm’s bottom line was hit by $1.09 billion in litigation expense for the quarter, more than double what it absorbed in the fourth quarter of 2018. The bank beat expectations for revenue, with its investment banking, equities trading, and fixed-income trading businesses all performing better-than-expected.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down four-tenths of a cent at $2.571 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/19/2019 after the market close of $0.52, missing estimates calling for $0.618 per share.

Walgreens (WBA) reported earnings on 1/8/2020 before the market open of $1.37, missing estimates calling for $1.416 per share.

JPMorgan (JPM) reported earnings on 1/14/2020 before the market open of $2.57, beating estimates calling for $2.376 per share.

Goldman Sachs (GS) reported earnings on 1/15/2020 before the market open of $4.69, missing estimates calling for $5.47 per share.

UnitedHealth (UNH) reported earnings on 1/15/2020 before the market open of $3.90, beating estimates calling for $3.833 per share.

IBM (IBM) reports earnings on 1/21/2020 after the market close.

Johnson & Johnson (JNJ) reports earnings on 1/22/2020 before the market open.

Procter & Gamble (PG) reports earnings on 1/23/2020 before the market open.

Travelers (TRV) reports earnings on 1/23/2020 before the market open.

Intel (INTC) reports earnings on 1/23/2020 after the market close.

American Express (AXP) reports earnings on 1/24/2020 before the market open.

Pfizer (PFE) reports earnings on 1/28/2020 before the market open.

UnitedHealth (UNH) reports earnings on 1/28/2020 before the market open.

Apple (AAPL) reports earnings on 1/28/2020 after the market close.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) is up +3.46% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET PPI-FD

8:30 AM ET Empire State Mfg Survey

10:00 AM ET Atlanta Fed Business Inflation Expectations

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET Beige Book

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