The Dow Market Happenings For Tuesday, May 19, 2020

Dow stocks at 52 week highs include Home Depot (HD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -29 points.

Monday the Dow was up +911.95 (+3.85%) at 24,597.37.

Year-to-date the Dow is down -13.81%.

There were 29 Dow stocks up Monday.

The Dow stock winners Monday were led by Boeing (BA) +12.87%, Raytheon (RTX) +9.80%, Dow (DOW) +9.48%, Exxon Mobil (XOM) +7.95% and 3M (MMM) +7.63%.

The Dow stock loser Monday was Merck (MRK) -0.08%.

Walmart (WMT) reported e-commerce sales grew by 74% and its same-store sales jumped by 10% in the first quarter. The big-box retailer withdrew its financial outlook for the year, saying the coronavirus pandemic has created “unprecedented variability.” The company hired 200,000 additional employees to clean stores, stock shelves and fulfill online orders during the pandemic. Walmart reported net income rose to $3.99 billion, or $1.40 per share, from $3.84 billion, or $1.33 cents a share, a year earlier. Excluding items, Walmart earned $1.18 per share. Analysts were expecting Walmart would earn $1.12 per share. Total revenues grew by 8.6% to $134.62 billion from $123.9 billion a year earlier, exceeding expectations of $132.80 billion.

Home Depot (HD) earned $2.08 per share for the first quarter, below the consensus estimate of $2.27 a share. Revenue and comparable-store sales beat forecasts, but the bottom line was weighed down by pandemic-related expenses. Home Depot also suspended its full-year outlook.

Walt Disney (DIS) said it’s top streaming executive, Kevin Mayer, is leaving to become CEO at popular video app TikTok. Mayer had led the successful launch of the Disney+ streaming service in late 2019, and his departure is cited among the reasons for a downgrade of the stock to “hold” from “buy” at Loop Capital.

European stocks are lower and Asian markets ended higher.

The national average price of gasoline is up one penny at $1.889 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/24/2020 after the market close of $0.53, missing estimates calling for $0.618 per share.

Walgreens (WBA) reported earnings on 4/2/2020 before the market open of $1.52, beating estimates calling for $1.479 per share.

Johnson & Johnson (JNJ) reported earnings on 4/14/20 before the market open of $2.30, beating estimates calling for $2.064 per share.

JPMorgan (JPM) reported earnings on 4/14/20 before the market open of $0.78, missing estimates calling for $2.191 per share.

Goldman Sachs (GS) reported earnings on 4/15/20 before the market open of $3.11, missing estimates calling for $3.50 per share.

UnitedHealth (UNH) reported earnings on 4/15/20 before the market open of $3.72, beating estimates calling for $3.714 per share.

Procter & Gamble (PG) reported earnings on 4/17/20 before the market open of $1.22, beating estimates calling for $1.106 per share

IBM (IBM) reported earnings on 4/20/2020 after the market close of $1.84, beating estimates calling for $1.698 per share.

Coca Cola (KO) reported earnings on 4/21/20 before the market open of $0.51, beating estimates calling for $0.436 per share.

Travelers (TRV) reported earnings on 4/21/20 before the market open of $2.62, missing estimates calling for $2.877 per share.

Intel (INTC) reported earnings on 4/23/2020 after the market close of $1.45, beating estimates calling for $1.281 per share.

American Express (AXP) reported earnings on 4/24/20 before the market open of $1.98, beating estimates calling for $1.686 per share.

Verizon (VZ) reported earnings on 4/24/20 before the market open of $1.26, beating estimates calling for $1.22 per share.

3M (MMM) reported earnings on 4/28/20 before the market open of $2.16, beating estimates of $2.023 per share.

Caterpillar (CAT) reported earnings on 4/28/20 before the market open of $1.60, missing estimates calling for $1.761 per share.

Merck (MRK) reported earnings on 4/28/20 before the market open of $1.50, beating estimates calling for $1.393 per share.

Pfizer (PFE) reported earnings on 4/28/20 before the market open of $0.80, beating estimates calling for $0.71 per share.

Boeing (BA) reported earnings on 4/29/20 before the market open of -$1.70, beating estimates of -$2.044 per share.

Microsoft (MSFT) reported earnings on 4/29/2020 after the market close of $1.40, beating estimates calling for $1.273 per share.

Dow (DOW) reported earnings on 4/30/20 before the market open of $0.30, missing estimates calling for $0.604 per share.

McDonald’s (MCD) reported earnings on 4/30/20 before the market open of $1.47, missing estimates calling for $1.587 per share.

Apple (AAPL) reported earnings on 4/30/2020 after the market close of $2.55, beating estimates calling for $2.089 per share.

Visa (V) reported earnings on 4/30/2020 after the market close of $1.39, beating estimates calling for $1.35 per share.

Chevron (CVX) reported earnings on 5/1/20 before the market open of $1.93, beating estimates of $0.636 per share.

Exxon Mobil (XOM) reported earnings on 5/1/20 before the market open of -$0.14, missing estimates of $0.04 per share.

Disney (DIS) reported earnings on 5/5/2020 after the market close of $0.60, missing estimates calling for $0.83 per share.

Raytheon Technologies (RTX) reported earnings on 5/7/20 before the market open of $1.78, beating estimates of $1.113 per share.

Cisco (CSCO) reported earnings on 5/13/2020 after the market close of $0.79, beating estimates of $0.634 per share.

Home Depot (HD) reported earnings on 5/19/20 before the market open of $2.08, missing estimates calling for $2.256 per share.

Walmart (WMT) reported earnings on 5/19/20 before the market open of $1.18, beating estimates calling for $1.12 per share.

Today’s Featured Dow Stock

Visa (V)

Visa (V) is up +1.85% year-to-date. Visa (V) YTD low was 133.93 on 3/23/2020.

Financial Calendar

8:30 AM ET Housing Starts

8:55 AM ET Redbook

10:00 AM ET Jerome Powell Speaks

10:00 AM ET E-Commerce Retail Sales

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

11:30 AM ET 52-Week Bill Auction

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