DJIA Market Happenings For Wednesday, February 3, 2016

Dow stocks at 52 week highs include McDonald’s (MCD).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +70 points.

Tuesday the Dow was down -295.64 (-1.80%) at 16,153.54.

Year-to-date the Dow is down -7.30%.

There was 1 Dow stock up Tuesday.

The Dow stock winner Tuesday was Dupont (DD) +5.40%.

The Dow stock losers Tuesday were led by Goldman Sachs (GS) -4.98%, Chevron (CVX) -4.75%, Boeing (BA) -3.32% and Intel (INTC) -3.31%.

Intel (INTC -3.31%) was upgraded to ‘Neutral’ from ‘Sell’ at Goldman Sachs.

Merck & Co. (MRK -0.67%) reported Q4 EPS of 93 cents, higher than consensus of 91 cents.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is down seven-tenths of a cent at $1.783 per gallon.

Earnings Reports.

JPMorgan (JPM) reported earnings on 1/14/2015 before the market open of $1.32, better than consensus of $1.261.

Intel (INTC) reported earnings on 1/14/2015 after the market close of $0.74, beating estimates of $0.63 per share.

UnitedHealth (UNH) reported earnings on 1/19/2016 before the market open of $1.40, beating estimates of $1.37 per share.

IBM (IBM) reported earnings on 1/19/2016 after the market close of $4.84, beating estimates of $4.755 per share.

Goldman Sachs (GS) reported earnings on 1/20/2015 before the market open of $1.27, missing estimates calling for $3.79 per share.

American Express (AXP) reported earnings on 1/21/2016 after the market of $1.23, beating consensus of $1.13 per share.

Travelers (TRV) reported earnings on 1/21/2016 before the market open of $2.90, beating estimates calling for $2.70 per share.

Verizon (VZ) reported earnings on 1/21/2016 before the market open of $0.89, beating estimates for $0.877 per share.

General Electric (GE) reported earnings on 1/22/2016 before the market open of $0.31, missing estimates for $0.495 per share.

McDonald’s (MCD) reported earnings on 1/25/2016 before the market open of $1.31, beating estimates calling for $1.228 per share.

3M (MMM) reports earnings on 1/26/2016 before the market open of $1.66, beating estimates for $1.62 per share.

Apple (AAPL) reported earnings on 1/26/2016 before the market open of $3.28, beating estimates for $3.235 per share.

Dupont (DD) reported earnings on 1/26/2016 before the market open of $0.27, beating estimates for $0.259 per share.

Procter & Gamble (PG) reported earnings on 1/26/2016 before the market open of $1.04, beating estimates for $0.98 per share.

Johnson & Johnson (JNJ) reported earnings on 1/26/2016 after the market close of $1.44, beating estimates for $1.418 per share.

Boeing (BA) reported earnings on 1/27/2016 before the market open.of $1.60, beating estimates for $1.35 per share

United Technologies (UTX) reported earnings on 1/27/2016 before the market open of$1.53, beating estimates for $1.505 per share.

Microsoft (MSFT) reported earnings on 1/28/2015 after the market close of $0.78, beating estimates for $0.693.

Visa (V) reported earnings on 1/28/2015 after the market close of $0.69, beating estimates for $0.675.

Caterpillar (CAT) reported earnings on 1/28/2016 before the market open of $0.74, beating estimates for $0.694 per share.

Chevron (CVX) reported earnings on 1/29/2016 before the market open of -$0.31, missing estimates calling for $0.478 per share.

Exxon Mobil (XOM) reported earnings on 2/2/2016 before the market open of $0.67, beating estimates for $0.637.

Pfizer (PFE) reported earnings on 2/2/2016 before the market open of $0.53, beating estimates calling for $0.516.

Merck (MRK) reported earnings on 2/3/2016 before the market open of $0.93, beating estimates for $0.913.

Coca Cola (KO) reports earnings on 2/9/2016 before the market open.

Disney (DIS) reports earnings on 2/9/2016 after the market close.

Cisco (CSCO) reports earnings on 2/10/2016 after the market close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) is down -10.67% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +8.8% with purchase sub-index +4.6% and refi sub-index +11.2%.

0815 ET Jan ADP employment change expected +193,000, Dec +257,000.

0830 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $21 billion) and 30-year T-bonds (previous $13 billion) to be auctioned in the Feb quarterly refunding Feb 9-11.

0945 ET Final-Jan Markit services PMI expected unrevised at 53.7, prelim-Jan -0.6 to 53.7. Revised Jan Markit composite PMI, prelim-Jan -0.3 to 53.7.

1000 ET Jan ISM non-manufacturing index expected -0.7 to 55.1, Dec -0.8 to 55.8.

1030 ET EIA Weekly Petroleum Status Report.

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