The Dow Market Happenings For Friday, July 31, 2020

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

The Market

Premarket today, the Dow was indicated to open up +59 points.

Thursday the Dow was down -225.92 (-0.85%) at 26,313.65.

Year-to-date the Dow is down -7.80%.

There were 5 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Procter & Gamble (PG) 131.42 (+2.42%), Apple (AAPL) 384.76 (+1.21%) and Home Depot (HD) 266.31 (+0.62%).

The Dow stock losers Thursday were led by Exxon Mobil (XOM) 41.87 (-4.91%), Chevron (CVX) 86.27 (-4.22%) and Dow (DOW) 41.73 (-4.11%).

Apple (AAPL) yesterday posted a historically strong quarter, with revenue jumping 11% amid strong online sales during the pandemic. It’s at new highs this morning.

The current $600 weekly federal unemployment benefit is expiring Friday, but lawmakers made little progress toward the next coronavirus relief deal.

Caterpillar (CAT) said Friday its cost-cutting measures and prioritized spending helped it hold up better than expected as equipment demand fell in the pandemic. The company posted adjusted per-share earnings of $1.03 on revenues of $10 billion. Analysts were expecting revenue of just $9.38 billion for the quarter.

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 $2.189 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) reported earnings on 7/30/2020 before the market open of $1.16, beating estimates of $1.006 per share.

Apple (AAPL) reported earnings on 7/30/2020 after the market close of $2.58, beating estimates calling for $2.025 per share.

Caterpillar (CAT) reported earnings on 7/31/2020 before the market open of $1.03, beating estimates of $0.658 per share.

Chevron (CVX) reported earnings on 7/31/2020 before the market open of -$4.44, missing estimates of -$0.926 per share.

Merck (MRK) reported earnings on 7/31/2020 before the market open of $1.37, beating estimates of $1.14 per share.

Exxon Mobil (XOM) reported earnings on 7/31/2020 before the market open of $-$0.26, beating estimates of -$0.632 per share.

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

Cisco (CSCO) reports earnings on 8/12/2020 after the market close.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) is up +29.30% year-to-date. Microsoft (MSFT) YTD low was 132.52 on 3/23/2020. That’s a +53.86% gain off the YTD low.

Financial Calendar

8:30 AM ET Personal Income and Outlays

8:30 AM ET Employment Cost Index

9:45 AM ET Chicago PMI

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker-Hughes Rig Count

3:00 PM ET Farm Prices

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