DJIA Market Happenings For Thursday, February 13, 2020

Dow stocks at 52 week highs include United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -133 points.

Wednesday the Dow was up +275.08 (+0.94%) at 29,551.42.

Year-to-date the Dow is up +3.55%.

There were 20 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by UnitedHealth (UNH) +4.36%, Nike (NKE) +2.98% and Walgreens (WBA) +2.79%.

The Dow stock losers Wednesday were led by Merck (MRK) -2.35%, Travelers (TRV) -1.22% and Pfizer (PFE) -0.92%.

Consumer prices posted their largest 12-month increase in more than a year in January, as prices for shelter, food and medical care services jumped. The Labor Department’s headline consumer price index rose by 2.5% over last year in January, topping expectations for a 2.4% increase and December’s 2.3% rise. But over last month, consumer prices rose by just 0.1%, or slightly short of the 0.2% rise anticipated.

Unemployment insurance weekly claims in the week ending February 8, the advance figure for seasonally adjusted initial claims was 205,000, an increase of 2,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 202,000 to 203,000. The 4-week moving average was 212,000, unchanged from the previous week’s revised average. The previous week’s average was revised up by 250 from 211,750 to 212,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending February 1, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 1 was 1,698,000, a decrease of 61,000 from the previous week’s revised level. The previous week’s level was revised up 8,000 from 1,751,000 to 1,759,000. The 4-week moving average was 1,726,750, a decrease of 17,500 from the previous week’s revised average. The previous week’s average was revised up by 2,000 from 1,742,250 to 1,744,250.

China’s Hubei province announced it was changing the way it diagnosed and counted coronavirus cases, leading to a surge in new cases.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up one-tenth of a cent at $2.426 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) reported earnings on 1/30/2020 after the market close of $1.46, missing estimates calling for $1.501 per share.

Caterpillar (CAT) reported earnings on 1/31/2020 before the market open of $2.63, beating estimates calling for $2.40 per share.

Chevron (CVX) reported earnings on 1/31/2020 before the market open of $1.49, missing estimates of $1.545 per share.

Exxon Mobil (XOM) reported earnings on 1/31/2020 before the market open of $1.33, beating estimates calling for $0.508 per share.

Disney (DIS) reported earnings on 2/4/2020 after the market close of $1.53, beating estimates calling for $1.494 per share.

Merck (MRK) reported earnings on 2/5/2020 before the market open of $1.16, missing estimates calling for $1.216 per share.

Cisco (CSCO) reported earnings on 2/12/2020 after the market close of $0.77, missing estimates calling for $0.79 per share.

Walmart (WMT) reports earnings on 2/18/2020 before the market open.

Home Depot (HD) reports earnings on 2/25/2020 before the market open.

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is down -3.68% year-to-date.

Financial Calendar

8:30 AM ET CPI

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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