The Dow Market Happenings For Tuesday, April 17, 2018

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +205 points.

Monday the Dow was up +212.90 (+0.87%) at 24,573.04.

Year-to-date the Dow is down -0.59%.

There were 25 Dow stocks up Monday.

The Dow stock winners Monday were led by UnitedHealth (UNH) +2.69% and Merck (MRK +2.59%

The Dow stock losers Monday were led by General Electric (GE) -1.19% and Nike (NKE) -0.28%.

Merk & Co (MRK +2.59%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $68.

See Goldman Sachs, Johnson & Johnson and UnitedHealth earnings below.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up five-tenths of a cent at $2.719 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/22/2018 after the market close of $-0.57, missing estimates calling for $0.555 per share.

JPMorgan (JPM) reported earnings on 4/13/2018 before the market open of $2.37, missing estimates calling for $2.92 per share.

Goldman Sachs (GS) reported earnings on 4/17/2018 before the market open of $6.95, beating estimates of $5.75 per share.

Johnson & Johnson (JNJ) reports earnings on 4/17/2018 before the market open of $2.06, beating estimates of $2.029 per share.

UnitedHealth (UNH) reports earnings on 4/17/2018 before the market open of $3.04, beating estimates of $2.968 per share.

IBM (IBM) reports earnings on 4/17/2018 after the market close.

American Express (AXP) reports earnings on 4/18/2018 after the market close.

General Electric (GE) reports earnings on 4/20/2018 before the market open.

Procter & Gamble (PG) reports earnings on 4/20/2018 before the market open.

Caterpillar (CAT) reports earnings on 4/24/2018 before the market open.

Coca Cola (KO) reports earnings on 4/24/2018 before the market open.

3M (MMM) reports earnings on 4/24/2018 before the market open.

United Technologies (UTX) reports earnings on 4/24/2018 before the market open.

Verizon (VZ) reports earnings on 4/24/2018 before the market open.

Boeing (BA) reports earnings on 4/25/2018 before the market open.

Visa (V) reports earnings on 4/25/2018 after the market close.

Intel (INTC) reports earnings on 4/26/2018 after the market close.

Microsoft (MSFT) reports earnings on 4/26/2018 after the market close.

Chevron (CVX) reports earnings on 4/27/2018 before the market open.

Exxon Mobil (XOM) reports earnings on 4/27/2018 before the market open.

Today’s Featured Dow Stock

Pfizer (PFE)

Pfizer (PFE) is up +0.86% year-to-date.

Financial Calendar

12:30 Building Permits (MoM) (Mar), 2.5%, 0.7%, -4.1%

12:30 Building Permits (Mar), 1.354M, 1.330M, 1.321M

12:30 Housing Starts (Mar), 1.319M, 1.270M, 1.295M

12:30 Housing Starts (MoM) (Mar), 1.9%, 1.9%, -3.3%

12:55 Redbook (MoM), 0.5%, 0.3%

12:55 Redbook (YoY), 3.0%, 2.9%

9 min Capacity Utilization Rate (Mar), 77.9%, 77.7%

9 min FOMC Member Williams Speaks

9 min Industrial Production (YoY), 4.4%

9 min Industrial Production (MoM) (Mar), 0.3%, 0.9%

9 min Manufacturing Production (MoM) (Mar), 0.1%, 1.3%

54 min FOMC Member Quarles Speaks

15:00 FOMC Member Harker Speaks

15:30 4-Week Bill Auction, 1.620%

17:10 Chicago Fed President Evans Speaks

20:30 API Weekly Crude Oil Stock, 1.758M

21:40 FOMC Member Bostic Speaks

DJIA Market Happenings For Monday, April 16, 2018

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +162 points.

Friday the Dow was down -122.91 (-0.50%) at 24,360.14.

Year-to-date the Dow is down -1.45%.

There were 18 Dow stocks up Friday.

The Dow stock winners Friday were led by General Electric (GE) +2.35% and Coca Cola (KO) +1.09%.

The Dow stock losers Friday were led by JPMorgan (JPM) -2.71% and Boeing (BA) -2.43%.

General Electric (GE +2.35%) may open lower this morning after an accounting rule change prompted it to restate 2017 revenue at $118.2 billion, lower than the previously reported $122.1 billion, and restate 2016 total revenue at $119.5 billion compared with the originally reported $123.7 billion.

In a Sunday night TV interview, James Comey, the former FBI director slammed Trump, calling him “morally unfit” to hold the presidency.

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

The national average price of gasoline is up three tenths of a cent at $2.714 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/22/2018 after the market close of $-0.57, missing estimates calling for $0.555 per share.

JPMorgan (JPM) reported earnings on 4/13/2018 before the market open of $2.37, missing estimates calling for $2.92 per share.

Goldman Sachs (GS) reports earnings on 4/17/2018 before the market open.

Johnson & Johnson (JNJ) reports earnings on 4/17/2018 before the market open.

UnitedHealth (UNH) reports earnings on 4/17/2018 before the market open.

IBM (IBM) reports earnings on 4/17/2018 after the market close.

American Express (AXP) reports earnings on 4/18/2018 after the market close.

General Electric (GE) reports earnings on 4/20/2018 before the market open.

Procter & Gamble (PG) reports earnings on 4/20/2018 before the market open.

Caterpillar (CAT) reports earnings on 4/24/2018 before the market open.

Coca Cola (KO) reports earnings on 4/24/2018 before the market open.

3M (MMM) reports earnings on 4/24/2018 before the market open.

United Technologies (UTX) reports earnings on 4/24/2018 before the market open.

Verizon (VZ) reports earnings on 4/24/2018 before the market open.

Boeing (BA) reports earnings on 4/25/2018 before the market open.

Visa (V) reports earnings on 4/25/2018 after the market close.

Intel (INTC) reports earnings on 4/26/2018 after the market close.

Microsoft (MSFT) reports earnings on 4/25/2018 after the market close.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) is up +7.41% year-to-date.

Financial Calendar

12:30 Core Retail Sales (MoM) (Mar), 0.2%, 0.2%, 0.2%

12:30 NY Empire State Manufacturing Index (Apr), 15.80, 18.80, 22.50

12:30 Retail Control (MoM) (Mar), 0.4%, 0.4%, 0.1%

12:30 Retail Sales (MoM) (Mar), 0.6%, 0.4%, -0.1%

12:30 Retail Sales Ex Gas/Autos (MoM) (Mar), 0.3%, 0.4%, 0.3%

58 min Business Inventories (MoM) (Feb), 0.6%, 0.6%

58 min NAHB Housing Market Index (Apr), 71, 70

15:30 3-Month Bill Auction, 1.715%

15:30 6-Month Bill Auction, 1.880%

16:00 FOMC Member Kaplan Speaks

16:00 FOMC Member Kashkari Speaks

17:15 FOMC Member Bostic Speaks

20:00 US Foreign Buying, T-bonds (Feb), 8.40B

20:00 Overall Net Capital Flow (Feb), 26.10B, 119.70B

20:00 TIC Net Long-Term Transactions (Feb), 43.3B, 62.1B

20:00 TIC Net Long-Term Transactions including Swaps (Feb), 57.00B

The Dow Market Happenings For Friday, April 13

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +152 points.

Thursday the Dow was up +293.60 (+1.21%) at 24,483.05.

Year-to-date the Dow is down -0.96%.

There were 24 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Intel (INTC) +3.17%, Boeing +3.09% and DowDuPont (DWDP) +2.69%.

The Dow stock losers Thursday were led by McDonald’s (MCD) -1.05%, Procter & Gamble (PG) -0.61% and Wal-Mart (WMT) -0.56%.

JPMorgan (JPM) +1.61% climbed 0.7% in premarket after posting a first-quarter profit rise of 35% to top Wall Street estimates. Must be before charges.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is up 2.2 cents at $2.697 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/22/2018 after the market close of $-0.57, missing estimates calling for $0.555 per share.

JPMorgan (JPM) reported earnings on 4/13/2018 before the market open of $2.37, missing estimates calling for $2.92 per share.

Goldman Sachs (GS) reports earnings on 4/17/2018 before the market open.

Johnson & Johnson (JNJ) reports earnings on 4/17/2018 before the market open.

UnitedHealth (UNH) reports earnings on 4/17/2018 before the market open.

IBM (IBM) reports earnings on 4/17/2018 after the market close.

American Express (AXP) reports earnings on 4/18/2018 after the market close.

General Electric (GE) reports earnings on 4/20/2018 before the market open.

Procter & Gamble (PG) reports earnings on 4/20/2018 before the market open.

Caterpillar (CAT) reports earnings on 4/24/2018 before the market open.

Coca Cola (KO) reports earnings on 4/24/2018 before the market open.

3M (MMM) reports earnings on 4/24/2018 before the market open.

United Technologies (UTX) reports earnings on 4/24/2018 before the market open.

Verizon (VZ) reports earnings on 4/24/2018 before the market open.

Boeing (BA) reports earnings on 4/25/2018 before the market open.

Visa (V) reports earnings on 4/25/2018 after the market close.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) is up +9.40% year-to-date.

Financial Calendar

08:00 IEA Monthly Report

12:00 FOMC Member Rosengren Speaks

13:00 FOMC Member Bullard Speaks

14:00 JOLTs Job Openings (Feb), 6.110M, 6.312M

14:00 Michigan 5-Year Inflation Expectations (Apr), 2.50%

14:00 Michigan Consumer Expectations (Apr), 88.1, 88.8

14:00 Michigan Consumer Sentiment (Apr), 100.6, 101.4

14:00 Michigan Current Conditions (Apr), 120.0, 121.2

14:00 Michigan Inflation Expectations (Apr), 2.8%

14:30 ECRI Weekly Annualized (WoW), 4.5%

14:30 ECRI Weekly Index, 148.0

17:00 U.S. Baker Hughes Oil Rig Count, 808

17:00 FOMC Member Kaplan Speaks

19:30 CFTC Copper speculative net positions, 20.9K

19:30 CFTC Crude Oil speculative net positions, 699.5K

19:30 CFTC Gold speculative net positions, 166.6K

19:30 CFTC S&P 500 speculative net positions, -9.9K

19:30 CFTC Silver speculative net positions, -17.0K