DJIA Market Happenings For Tuesday, July 28, 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 -123 points.

Monday the Dow was up +114.88 (+0.43%) at 26,584.77.

Year-to-date the Dow is down -6.85%.

There were 17 Dow stocks up Monday.

The Dow stock winners Monday were led by Dow (DOW) 44.00 (+3.26%), Merck (MRK) 78.93 (+2.37%) and Apple (AAPL) 379.24 (+2.37%).

The Dow stock losers Monday were led by Boeing (BA) 170.21 (-2.04%, Intel (INTC) 49.57 (-2.02%) and Walgreens (WBA) 39.84 (-1.65%).

Pfizer (PFE) gained about 3% in Tuesday’s premarket after reporting second-quarter earnings and revenue that beat expectations. The American drug maker also raised guidance. On Monday evening, Pfizer and German biotech BioNTech began late-stage study for their potential coronavirus vaccine.

3M (MMM) missed estimates with its second-quarter earnings and revenue. McDonald’s (MCD) saw second-quarter earnings miss forecasts but revenue beat. Aerospace and defense giant Raytheon Technologies beat on the top and bottom lines. Visa (V) reports earnings after the close today.

The Federal Reserve starts its two-day July policy meeting on Tuesday, followed by an interest rate decision on Wednesday. No policy or rate changes are forecast.

Democrats start negotiating the Republicans latest stimulus plan which is much less than the plan Democrats introduced several months ago.

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

The national average price of gasoline is up one-tenth of a cent at $2.185 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) reported earnings on 7/28/2020 before the market open of $0.66, missing estimates of $0.764 per share.

3M (MMM) reported earnings on 7/28/2020 before the market open of $1.78, missing estimates calling for $1.766 per share.

Pfizer (PFE) reported earnings on 7/28/2020 before the market open of $0.78, missing estimates calling for $0.64 per share.

Raytheon Technologies (RTX) reported earnings on 7/28/2020 before the market open of $0.40, beating estimates of $0.104 per share.

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

JPMorgan (JPM)

JPMorgan (JPM) is down -30.49% year-to-date. JPMorgan (JPM) YTD low was 76.91 on 3/19/2020. That’s a +25.99% gain off the YTD low.

Financial Calendar

FOMC Meeting Begins

8:55 AM ET Redbook

9:00 AM ET S&P Corelogic Case-Shiller HPI

10:00 AM ET Consumer Confidence

10:00 AM ET Richmond Fed Manufacturing Index

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

1:00 PM ET 2-Yr FRN Note Auction

1:00 PM ET 7-Yr Note Auction

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