DJIA Market Happenings For Friday, July 21, 2017

Dow stocks at 52 week highs include Boeing (BA), Dupont (DD), Johnson & Johnson (JNJ), Microsoft (MSFT), UnitedHealth (UNH) and Visa (V). There are no Dow stock 52 week lows

The Market

Premarket today, the Dow was indicated to open down -48 points.

Thursday the Dow was down -28.97 (-0.13%) at 21,611.78.

Year-to-date the Dow is up +9.36%.

There were 15 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Nike (NKE) +2.30% and Verizon (VZ) +1.77%.

The Dow stock loser Thursday was Home Depot (HD) -4.09% and Travelers (TRV) -1.49%.

Johnson & Johnson (JNJ +1.01%) was downgraded to ‘Sell’ from ‘Neutral’ at BTIG LLC with a 12-month target price of $110.

Microsoft (MSFT +0.49%) rose nearly 4% in after-hours trading after it reported Q4 adjusted EPS of 98 cents, well above consensus of 71 cents.

Visa (V -0.14%) gained over 1% in after-hours trading after it reported Q3 operating revenue of $4.6 billion, better than consensus of $4.36 billion.

General Electric (GE) said it’s trending toward the bottom end of its profit forecast this year as the manufacturer faces ongoing challenges in the oil and gas market.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up six-tenths of a cent at $2.281 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/29/17 after the market close of $0.60, beating estimates calling for $0.512 per share.

JPMorgan (JPM) reported earnings on 7/14/17 before the market open of $1.82, beating estimates calling for $1.62 per share.

Goldman Sachs (GS) reported earnings on 7/18/17 before the market open of $3.95, beating estimates calling for $3.71 per share.

Johnson & Johnson (JNJ) reported earnings on 7/18/17 before the market open of $1.83, meeting estimates calling for $1.827 per share.

UnitedHealth (UNH) reported earnings on 7/18/17 before the market open of $2.46, beating estimates of $2.398 per share.

IBM (IBM) reported earnings on 7/18/17 after the market close of $2.97, beating estimates calling for $2.758 per share.

American Express (AXP) reported earnings on 7/19/17 after the market close of $1.47, meeting estimates of $1.47 per share..

Travelers (TRV) reported earnings on 7/20/2017 before the market open of $2.11, missing estimates calling for $2.212 per share.

Microsoft (MSFT) reported earnings on 7/20/2017 after the market close of $0.98, beating estimates calling for $0.736 per share.

Visa (V) reported earnings on 7/20/2017 after the market close of $0.86, beating estimates of $0.843 per share.

General Electric (GE) reports earnings on 7/21/2017 before the market open.

Caterpillar (CAT) reports earnings on 7/25/2017 before the market open.

Dupont (DD) reports earnings on 7/25/2017 before the market open.

McDonald’s (MCD) reports earnings on 7/25/2017 before the market open.

3M (MMM) reports earnings on 7/25/2017 before the market open.

United Technologies (UTX) reports earnings on 7/25/2017 before the market open.

Coca Cola (KO) reports earnings on 7/26/2017 before the market open.

Boeing (BA) reports earnings on 7/26/2017 before the market open.

Procter & Gamble reports earnings on 7/27/2017 before the market open.

Verizon (VZ) reports earnings on 7/27/2017 before the market open.

Intel (INTC) reports earnings on 7/27/2017 after the market close.

Chevron (CVX) reports earnings on 7/28/2017 before the market open.

Exxon Mobil (XOM) reports earnings on 7/28/2017 before the market open.

Merck (MRK) reports earnings on 7/28/2017 before the market open.

Pfizer (PFE) reports earnings on 8/1/2017 before the market open.

Apple (AAPL) reports earnings on 8/1/2017 after the market close.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) is up +9.66% year-to-date.

Financial Calendar

1500 ET USDA Jun Cattle on Feed.

The Dow Market Happenings For Thursday, July 20, 2017

Dow stocks at 52 week highs include American Express (AXP), Boeing (BA), Dupont (DD), Microsoft (MSFT), UnitedHealth (UNH) and Visa (V). Dow stock 52 week lows include IBM (IBM).

The Market

Premarket today, the Dow was indicated to open up +7 points.

Wednesday the Dow was up +66.02 (+0.31%) at 21,640.75.

Year-to-date the Dow is up +9.50%.

There were 26 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Dupont (DD) +1.61% and Boeing (BA) +1.27%.

The Dow stock loser Wednesday was IBM (IBM) -4.20% and Wal-Mart (WMT) -0.43%.

Nike (NKE +0.21%) gained 2% in after-hours trading after it was upgraded to ‘Overweight’ from ‘Equalweight’ at Morgan Stanley with a price target of $68.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is up seven-tenths of a cent at $2.275 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/29/17 after the market close of $0.60, beating estimates calling for $0.512 per share.

JPMorgan (JPM) reported earnings on 7/14/17 before the market open of $1.82, beating estimates calling for $1.62 per share.

Goldman Sachs (GS) reported earnings on 7/18/17 before the market open of $3.95, beating estimates calling for $3.71 per share.

Johnson & Johnson (JNJ) reported earnings on 7/18/17 before the market open of $1.83, meeting estimates calling for $1.827 per share.

UnitedHealth (UNH) reported earnings on 7/18/17 before the market open of $2.46, beating estimates of $2.398 per share.

IBM (IBM) reported earnings on 7/18/17 after the market close of $2.97, beating estimates calling for $2.758 per share.

American Express (AXP) reported earnings on 7/19/17 after the market close of $1.47, meeting estimates of $1.47 per share..

Travelers (TRV) reports earnings on 7/20/2017 before the market open.

Microsoft (MSFT) reports earnings on 7/20/2017 after the market close.

Visa (V) reports earnings on 7/20/2017 after the market close.

General Electric (GE) reports earnings on 7/21/2017 before the market open.

Caterpillar (CAT) reports earnings on 7/25/2017 before the market open.

Dupont (DD) reports earnings on 7/25/2017 before the market open.

McDonald’s (MCD) reports earnings on 7/25/2017 before the market open.

3M (MMM) reports earnings on 7/25/2017 before the market open.

United Technologies (UTX) reports earnings on 7/25/2017 before the market open.

Coca Cola (KO) reports earnings on 7/26/2017 before the market open.

Boeing (BA) reports earnings on 7/26/2017 before the market open.

Procter & Gamble reports earnings on 7/27/2017 before the market open.

Verizon (VZ) reports earnings on 7/27/2017 before the market open.

Intel (INTC) reports earnings on 7/27/2017 after the market close.

Chevron (CVX) reports earnings on 7/28/2017 before the market open.

Exxon Mobil (XOM) reports earnings on 7/28/2017 before the market open.

Merck (MRK) reports earnings on 7/28/2017 before the market open.

Pfizer (PFE) reports earnings on 8/1/2017 before the market open.

Apple (AAPL) reports earnings on 8/1/2017 after the market close.

Today’s Featured Dow Stock

General Electric (GE)

Goldman Sachs (GS) is down -6.92% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -2,000 to 245,000, previous -3,000 to 247,000. Weekly continuing claims expected +4,000 to 1.949 million, previous -20,000 to 1.945 million.

0830 ET Jul Philadelphia Fed business outlook survey expected -3.9 to 23.7, Jun -11.2 to 27.6.

0830 ET USDA weekly Export Sales.

1000 ET Jun leading indicators expected +0.4%, May +0.3%

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $15 billion), 5-year T-notes (previous $34 billion), and 7-year T-notes (previous $28 billion) to be auctioned Jul 25-27.

1300 ET Treasury auctions $13 billion in 10-year TIPS.

DJIA Market Happenings For Wednesday, July 19, 2017

Dow stocks at 52 week highs include Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +15 points.

Tuesday the Dow was down -54.99 (-0.25%) at 21,574.73.

Year-to-date the Dow is up +9.17%.

There were 12 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Johnson & Johnson (JNJ) +1.75% and Procter & Gamble (PG) +1.24%.

The Dow stock loser Tuesday was Goldman Sachs (GS) -2.60% and Home Depot (HD) -1.12%.

International Business Machines (IBM +0.65%) lost over 2% in premarket trading after it reported Q2 revenue of $19.29 billion, below consensus of $19.47 billion.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down one cent at $2.268 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/29/17 after the market close of $0.60, beating estimates calling for $0.512 per share.

JPMorgan (JPM) reported earnings on 7/14/17 before the market open of $1.82, beating estimates calling for $1.62 per share.

Goldman Sachs (GS) reported earnings on 7/18/17 before the market open of $3.95, beating estimates calling for $3.71 per share.

Johnson & Johnson (JNJ) reported earnings on 7/18/17 before the market open of $1.83, meeting estimates calling for $1.827 per share.

UnitedHealth (UNH) reported earnings on 7/18/17 before the market open of $2.46, beating estimates of $2.398 per share.

IBM (IBM) reported earnings on 7/18/17 after the market close of $2.97, beating estimates calling for $2.758 per share.

American Express (AXP) reports earnings on 7/19/17 after the market close.

Travelers (TRV) reports earnings on 7/20/2017 before the market open.

Microsoft (MSFT) reports earnings on 7/20/2017 after the market close.

Visa (V) reports earnings on 7/20/2017 after the market close.

General Electric (GE) reports earnings on 7/21/2017 before the market open.

Caterpillar (CAT) reports earnings on 7/25/2017 before the market open.

Dupont (DD) reports earnings on 7/25/2017 before the market open.

McDonald’s (MCD) reports earnings on 7/25/2017 before the market open.

3M (MMM) reports earnings on 7/25/2017 before the market open.

United Technologies (UTX) reports earnings on 7/25/2017 before the market open.

Coca Cola (KO) reports earnings on 7/26/2017 before the market open.

Boeing (BA) reports earnings on 7/26/2017 before the market open.

Procter & Gamble reports earnings on 7/27/2017 before the market open.

Verizon (VZ) reports earnings on 7/27/2017 before the market open.

Intel (INTC) reports earnings on 7/27/2017 after the market close.

Chevron (CVX) reports earnings on 7/28/2017 before the market open.

Exxon Mobil (XOM) reports earnings on 7/28/2017 before the market open.

Merck (MRK) reports earnings on 7/28/2017 before the market open.

Today’s Featured Dow Stock

General Electric (GE)

General Electric (GE) is down -14.91% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -7.4% with purchase sub-index -2.5% and refi sub-index -13.0%.

0830 ET Jun housing starts expected +6.2% to 1.160 million, May -5.5% to 1.092 million. Jun building permits expected +2.8% to 1.201 million, May -4.9% m/m to 1.168 million.

1030 ET EIA Weekly Petroleum Status Report.