The Dow Market Happenings For Monday, October 12, 2020

Dow stocks hitting 52 week highs included Caterpillar (CAT), Nike (NKE), Procter & Gamble (PG) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +62 points.

Friday the Dow was up +161.39 (+0.57%) at 28,586.90.

Year-to-date the Dow is up +0.17%.

There were 19 Dow stocks up Friday.

The Dow stock winners Friday were led by Microsoft (MSFT) 215.81 (+2.48%), Salesforce (CRM) 265.98 (+2.21%) and Visa (V) 206.64 (+1.80%).

The Dow stock losers Friday were led by IBM (IBM) 127.79 (-2.81%), Walgreens (WBA) 36.34 (-1.97%) and Chevron (CVX) 74.00 (-1.62%).

Earnings reports are expected this week from JPMorgan Chase (JPM), Goldman Sachs (GS), Johnson & Johnson (JNJ), UnitedHealth (UNH) and Walgreens (WBA).

McDonald’s (MCD) management increased the quarterly dividend by 3%, to $1.29/share. Previously, McDonald’s weakest DPS increase was in 2002 at 4.4%.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is unchanged at $2.187 per gallon.

Earnings Reports

Nike (NKE) 116.87 (+3.09%) reported earnings on 9/22/2020 after the market close of $0.95, beating estimates calling for $0.458 per share. Last I checked it was trading at 132.15 in after-hours. [Closed at $114.90, +1.93% on 9/9/2020]

Johnson & Johnson (JNJ) 148.88 (+1.24%) reports earnings on Tuesday 10/13/2020 before the market open.

JPMorgan (JPM) 96.27 (+0.96%) reports earnings on Tuesday 10/13/2020 before the market open.

Goldman Sachs (GS) reports earnings on Wednesday 10/14/2020 before the market open.

UnitedHealth (UNH) reports earnings on Wednesday 10/14/2020 before the market open.

Walgreens (WBA) reports earnings on Thursday 10/15/2020 before the market open.

IBM (IBM) reports earnings on Monday 10/19/2020 after the market close.

Procter & Gamble (PG) reports earnings on Tuesday 10/20/2020 before the market open.

Travelers (TRV) reports earnings on Tuesday 10/20/2020 before the market open.

Verizon (VZ) reports earnings on Wednesday 10/21/2020 before the market open.

Microsoft (MSFT) reports earnings on Wednesday 10/21/2020 after the market close.

Dow (DOW) reports earnings on Thursday 10/22/2020 before the market open.

Coca Cola (KO) reports earnings on Thursday 10/22/2020 before the market open.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) 207.98 (+2.15%) is up +30.93% year-to-date. Home Depot (HD) YTD low was 140.63 on 3/18/2020. Home Depot has provided a +103.31% gain off the YTD low.

Financial Calendar

Nothing found. It is Columbus Day though.

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