DJIA Market Happenings For Thursday, January 30, 2020

Dow stocks at 52 week highs include Apple (AAPL), Johnson & Johnson (JNJ) and Microsoft (MSFT). Dow stock 52 week lows include Exxon Mobil (XOM).

The Market

Premarket today, the Dow was indicated to open down -178 points.

Wednesday the Dow was up +11.60 (+0.04%) at 28,734.45.

Year-to-date the Dow is down +0.69%.

There were 9 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Dow (DOW) +5.32%, Apple (AAPL) +2.09% and Microsoft (MSFT) +1.92%.

The Dow stock losers Wednesday were led by 3M (MMM) -2.16%, Verizon (VZ) -1.93% and Disney (DIS) -1.67%.

Wednesday the Federal Reserve kept its benchmark rate steady, however it did make an adjustment to the interest it pays on funds stored at the central bank. The Fed boosted the interest on excess reserves rate 5 basis points to 1.6% even as it kept the benchmark funds rate in a target range of 1.5% to 1.75%.

Unemployment insurance weekly claims in the week ending January 25, the advance figure for seasonally adjusted initial claims was 216,000, a decrease of 7,000 from the previous week’s revised level. The previous week’s level was revised up by 12,000 from 211,000 to 223,000. The 4-week moving average was 214,500, a decrease of 1,750 from the previous week’s revised average. The previous week’s average was revised up by 3,000 from 213,250 to 216,250. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending January 18, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 18 was 1,703,000, a decrease of 44,000 from the previous week’s revised level. The previous week’s level was revised up 16,000 from 1,731,000 to 1,747,000. The 4-week moving average was 1,755,500, a decrease of 6,250 from the previous week’s revised average. The previous week’s average was revised up by 4,000 from 1,757,750 to 1,761,750.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down seven-tenths of a cent at $2.489 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) reported earnings on 1/29/2020 after the market close of $1.51, beating estimates calling for $1.377 per share.

Coca Cola (KO) reported earnings on 1/30/2020 before the market open of $0.44, meeting estimates calling for $0.441 per share.

Verizon (VZ) reported earnings on 1/30/2020 before the market open of $1.13, missing estimates calling for $1.174 per share.

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

Goldman Sachs (GS)

Goldman Sachs (GS) is up +4.43% year-to-date.

Financial Calendar

8:30 AM ET GDP

8:30 AM ET Jobless Claims

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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