The Dow Market Happenings For Wednesday, January 29, 2020

Dow stocks at 52 week highs include Johnson & Johnson (JNJ). Dow stock 52 week lows include Exxon Mobil (XOM).

The Market

Premarket today, the Dow was indicated to open up +143 points.

Tuesday the Dow was up +187.05 (+0.66%) at 28,722.85.

Year-to-date the Dow is down +0.65%.

There were 24 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Apple (AAPL) +2.83%, Intel (INTC) +2.47% and Microsoft (MSFT) +1.96%.

The Dow stock losers Tuesday were led by 3M (MMM) -5.72%, Pfizer (PFE) -5.03% and Coca Cola (KO) -0.82%.

The two-day FOMC meeting ends today with announcement at 11:00 PST.

Blue chips were in motion on early earnings news, with Dow (DOW) up 4%, McDonald’s (MCD) trading flat and Boeing (BA) up 2.5% higher after delivering results. Apple powered out a 2.9% gain after its strong Q1 report late Tuesday.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down 1 cent at $2.496 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) reported earnings on 1/21/2020 after the market close of $4.71, essentially meeting estimates calling for $4.712 per share.

Johnson & Johnson (JNJ) reported earnings on 1/22/2020 before the market open of $1.88, missing estimates calling for $1.935 per share.

Procter & Gamble (PG) reported earnings on 1/23/2020 before the market open of $1.44, beating estimates calling for $1.396 per share.

Travelers (TRV) reported earnings on 1/23/2020 before the market open of $3.32, beating estimates calling for $3.09 per share.

Intel (INTC) reported earnings on 1/23/2020 after the market close of $1.52, beating estimates calling for $1.297 per share.

American Express (AXP) reports earnings on 1/24/2020 before the market open of $2.03, missing estimates calling for $2.038 per share.

Pfizer (PFE) reported earnings on 1/28/2020 before the market open of $0.55, missing estimates calling for $0.607 per share.

United Technologies (UTX) reported earnings on 1/28/2020 before the market open of $1.94, beating estimates calling for $1.934 per share.

3M (MMM) reported earnings on 1/28/2020 before the market open of $1.66, missing estimates calling for $2.128 per share.

Apple (AAPL) reported earnings on 1/28/2020 after the market close of $4.99, beating estimates calling for $4.60 per share.

Boeing (BA) reported earnings on 1/29/2020 before the market open of -$2.33, missing estimates of $1.676 per share.

Dow (DOW) reported earnings on 1/29/2020 before the market open of $0.78 per share.

McDonald’s (MCD) reported earnings on 1/29/2020 before the market open of $2.08, beating estimates calling for $1.98 per share.

Microsoft (MSFT) reports earnings on 1/29/2020 after the market close.

Coca Cola (KO) reports earnings on 1/30/2020 before the market open.

Verizon (VZ) reports earnings on 1/30/2020 before the market open.

Visa (V) reports earnings on 1/30/2020 after the market close.

Caterpillar (CAT) reports earnings on 1/31/2020 before the market open.

Chevron (CVX) reports earnings on 1/31/2020 before the market open.

Exxon Mobil (XOM) reports earnings on 1/31/2020 before the market open.

Disney (DIS) reports earnings on 2/4/2020 after the market close.

Merck (MRK) reports earnings on 2/5/2020 before the market open.

Today’s Featured Dow Stock

Exxon Mobil (XOM)

Exxon Mobil (XOM) is down -7.35% year-to-date. It is also the worst performing Dow stock of 2020 to date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET International Trade in Goods

8:30 AM ET Retail Inventories [Advance]

8:30 AM ET Wholesale Inventories [Advance]

10:00 AM ET Pending Home Sales Index

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

11:00 AM ET Survey of Business Uncertainty

2:00 PM ET FOMC Meeting Announcement

2:30 PM ET Fed Chair Press Conference

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