The Dow Market Happenings For Friday, July 17, 2020

There are no Dow stocks hitting 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +138 points.

Thursday the Dow was down -135.39 (-0.50%) at 26,734.71.

Year-to-date the Dow is down -6.32%.

There were 14 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Walgreens (WBA) 41.35 (+1.65%), Verizon (VZ) 55.78 (+1.31% and Dow (DOW) 43.83 (+1.15%).

The Dow stock losers Thursday were led by Boeing (BA) 178.70 (-4.92%), Microsoft (MSFT) 203.92 (-1.98%) and Visa (V) 193.50 (-1.55%).

Oil dipped slightly over demand worries. The price of WTI crude was off by 0.5% at $40.53 a barrel while Brent crude was down 0.7% at $43.08 a barrel.

Johnson & Johnson (JNJ) gained 1.2%, leading the Dow Jones today, after announcing it would initiate late-stage trials for its Covid-19 vaccine ahead of schedule, in September. Phase one trials for the drug are set to begin next week.

European stocks are mostly higher and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $2.200 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/25/2020 after the market close of -$0.51, missing estimates calling for $0.016 per share.

Walgreens (WBA) reported earnings on 7/9/2020 before the market open of $0.83, missing estimates calling for $1.103 per share.

JPMorgan (JPM) reported earnings on 7/14/2020 before the market open of $1.38, beating estimates calling for $1.336 per share.

Goldman Sachs (GS) reported earnings on 7/15/2020 before the market open of $6.26, beating estimates calling for $3.972 per share.

UnitedHealth (UNH) reported earnings on 7/15/2020 before the market open of $7.12, beating estimates calling for $5.158 per share.

Johnson & Johnson (JNJ) reported earnings on 7/16/2020 before the market open of $1.67, beating estimates calling for $1.496 per share.

IBM (IBM) reports earnings on 7/20/2020 after the market close.

Coca Cola (KO) reports earnings on 7/21/2020 before the market open.

Microsoft (MSFT) reports earnings on 7/22/2020 after the market close.

Dow (DOW) reports earnings on 7/23/2020 before the market open.

Travelers (TRV) reports earnings on 7/23/2020 before the market open.

Intel (INTC) reports earnings on 7/23/2020 after the market close.

American Express (AXP) reports earnings on 7/24/2020 before the market open.

Verizon (VZ) reports earnings on 7/24/2020 before the market open.

McDonald’s (MCD) reports earnings on 7/28/2020 before the market open.

3M (MMM) reports earnings on 7/28/2020 before the market open.

Pfizer (PFE) reports earnings on 7/28/2020 before the market open.

Raytheon Technologies (RTX) reports earnings on 7/28/2020 before the market open.

Visa (V) reports earnings on 7/28/2020 after the market close.

Boeing (BA) reports earnings on 7/29/2020 before the market open.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) is down -19.92% year-to-date. Dow (DOW) YTD low was 21.95 on 3/16/2020. That’s a +49.92% gain off the YTD low.

Financial Calendar

8:30 AM ET Housing Starts

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker-Hughes Rig Count

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