DJIA Market Happenings For Thursday, August 13, 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 down -38 points.

Wednesday the Dow was up +289.93 (+1.05%) at 27,976.84.

Year-to-date the Dow is down -1.97%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by JPMorgan (JPM) 103.82 (+3.16%), American Express (AXP) 103.26 (+1.61%) and Disney (DIS) 130.49 (+1.32%).

The Dow stock losers Wednesday were led by Apple (AAPL) 437.50 (-2.97%), Walgreens (WBA) 41.85 (-2.36%) and Microsoft (MSFT) 203.38 (-2.34%).

Unemployment weekly claims in the week ending August 8, the advance figure for seasonally adjusted initial claims was 963,000, a decrease of 228,000 from the previous week’s revised level. The previous week’s level was revised up by 5,000 from 1,186,000 to 1,191,000. The 4-week moving average was 1,252,750, a decrease of 86,250 from the previous week’s revised average. The previous week’s average was revised up by 1,250 from 1,337,750 to 1,339,000. The advance seasonally adjusted insured unemployment rate was 10.6 percent for the week ending August 1, a
decrease of 0.4 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending August 1 was 15,486,000, a decrease of 604,000 from the previous week’s revised level. The previous week’s level was revised down by 17,000 from 16,107,000 to 16,090,000. The 4-week moving average was 16,169,500, a decrease of 454,500 from the previous week’s revised average. The previous week’s average was revised down by 4,250 from 16,628,250 to 16,624,000.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is unchanged at $2.175 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) reported earnings on 8/4/2020 after the market close of $0.08, beating estimates calling for -$0.432 per share.

Cisco (CSCO) reported earnings on 8/12/2020 after the market close of $0.80, beating estimates of $0.668 per share.

Home Depot (HD) reports earnings on 8/18/2020 before the market open.

Walmart (WMT) reports earnings on 8/18/2020 before the market open.

Today’s Featured Dow Stock

Exxon Mobil (XOM)

Exxon Mobil (XOM) is down -36.83% year-to-date. Exxon Mobil (XOM) YTD low was 30.11 on 3/23/2020. That’s a +20.03% gain off the YTD low.

Financial Calendar

8:30 AM ET Jobless Claims

8:30 AM ET Import and Export Prices

10:30 AM ET EIA Natural Gas Report

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:00 AM ET 20-Yr Bond Announcement

11:00 AM ET 30-Yr TIPS Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 30-Yr Bond Auction

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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