The Dow Market Happenings For Wednesday, July 29, 2020

Dow stocks hitting 52 week highs include Home Depot (HD) and Procter & Gamble (PG). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +22 points.

Tuesday the Dow was down -205.49 (-0.77%) at 26,379.28.

Year-to-date the Dow is down -7.57%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Pfizer (PFE) 39.02 (+3.94%), Walgreens (WBA) 40.68 (+2.11%) and Procter & Gamble (PG) 127.88 (+1.23%).

The Dow stock losers Tuesday were led by 3M (MMM) 155.33 (-4.85%), Dow (DOW) 42.62 (-3.14%) and McDonald’s (MCD) 196.24 (-2.49%).

The Federal Reserve ends its two-day July policy meeting on Wednesday with announcement about 11 am PDT.

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

The national average price of gasoline is up three-tenths of a cent at $2.188 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) reported earnings on 7/28/2020 after the market close of $1.06, beating estimates calling for $1.022 per share.

Boeing (BA) reported earnings on 7/29/2020 before the market open of -$4.79, missing estimates calling for -$2.925 per share.

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

McDonald’s (MCD)

McDonald’s (MCD) is down -0.69% year-to-date. McDonald’s (MCD) YTD low was 124.23 on 3/18/2020. That’s a +57.97% gain off the YTD low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET International Trade in Goods

8:30 AM ET Retail Inventories [Advance]

8:30 AM ET Wholesale Inventories [Advance]

10:00 AM ET Pending Home Sales Index

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

11:00 AM ET Survey of Business Uncertainty

2:00 PM ET FOMC Meeting Announcement

2:30 PM ET Fed Chair Press Conference

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