DJIA Market Happenings For Friday, July 24, 2020

Dow stocks hitting 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 -154 points.

Thursday the Dow was down -353.51 (-1.31%) at 26,652.33.

Year-to-date the Dow is down -6.61%.

There were 7 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Cisco (CSCO) 47.41 (+1.09%), Procter & Gamble (PG) 126.16 (+0.65%) and 3M (MMM) 159.29 (+0.37%).

The Dow stock losers Thursday were led by Apple (AAPL) 371.38 (-4.55%), Microsoft (MSFT) 202.54 (-4.35%) and Dow (DOW) 42.82 (-3.43%).

China on Friday ordered that the US close its consulate in the populous city of Chengdu, in response to the Trump administration’s directive to force Beijing to shut down its consulate in Houston earlier this week. New deaths in each of California and Florida were at records as of Thursday’s counts, and the US death toll rose to more than 143,000. California’s cases rose by more than 12,000 for the second-highest increase since the start of the pandemic.

Friday, shares of Intel (INTC) slid after the chipmaker warned in earnings results Thursday that it faced another production delay for its advanced chips, this time of about one year.

Virus cases mounted further, with US cases topping four million on Thursday to have doubled over the past six weeks alone, and now comprise about one-quarter of the global total.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down one-tenth of a cent at $2.186 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) reported earnings on 7/20/2020 after the market close of $2.18, beating estimates calling for $2.136 per share.

Coca Cola (KO) reported earnings on 7/21/2020 before the market open of $0.42, beating estimates calling for $0.404 per share.

Microsoft (MSFT) reported earnings on 7/22/2020 after the market close of $1.46, beating estimates calling for $1.384 per share.

Dow (DOW) reported earnings on 7/23/2020 before the market open of -$0.26, beating estimates of -$0.296 per share.

Travelers (TRV) reported earnings on 7/23/2020 before the market open of -$0.20, meeting estimates of -$0.20 per share.

Intel (INTC) reported earnings on 7/23/2020 after the market close of $1.23, beating estimates calling for $1.105 per share.

American Express (AXP) reported earnings on 7/24/2020 before the market open of $0.29, beating estimates calling for $0.131 per share.

Verizon (VZ) reported earnings on 7/24/2020 before the market open of $1.18, beating estimates calling for $1.156 per share.

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.

Procter & Gamble (PG) reports earnings on 7/30/2020 before the market open.

Apple (AAPL) reports earnings on 7/30/2020 after the market close.

Caterpillar (CAT) reports earnings on 7/31/2020 before the market open.

Chevron (CVX) reports earnings on 7/31/2020 before the market open.

Merck (MRK) reports earnings on 7/31/2020 before the market open.

Exxon Mobil (XOM) reports earnings on 7/31/2020 before the market open.

Disney (DIS) reports earnings on 8/4/2020 after the market close.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) is up +0.92% year-to-date. Intel (INTC) YTD low was 43.63 on 3/16/2020. That’s a +38.48% gain off the YTD low.

Financial Calendar

9:45 AM ET PMI Composite Flash

10:00 AM ET New Home Sales

1:00 PM ET Baker-Hughes Rig Count

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