DJIA Market Happenings For Wednesday, April 20, 2016

Dow stocks at 52 week highs include UnitedHealth (UNH), Visa (V), McDonald’s (MCD), Homw Depot (HD), Johnson & Johnson (JNJ) and 3M (MMM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -1 points.

Tuesday the Dow was up +49.44 (+0.27%) at 18,053.60.

Year-to-date the Dow is up +3.61%.

There were 21 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) +2.28% and UnitedHealth (UNH) +2.10%.

The Dow stock losers Tuesday were led by IBM (IBM) -5.59% and Home Depot (HD) -0.99%.

Boeing (BA +0.54%) slipped 2% in premarket trading after Bank of America downgraded it to ‘Underperform’ from ‘Neutral.’

Intel (INTC -0.16%) lost nearly 2% in premarket trading after it said Q2 net revenue will be about $13.5 billion, below consensus of $14.2 billion, and said it will cut 12,000 jobs, or 11% of its workforce.

Visa (V), the credit card company said it is upgrading software which will allow consumers to insert and remove the card in two seconds or less, rather than to keep the card inserted in the card reader until the transaction is complete, 7 to 10 seconds on average.

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

The national average price of gasoline is down four-tenths of a cent at $2.107 per gallon.

Earnings Reports.

JPMorgan (JPM) reported earnings on 4/13/2016 before the market open of $1.35, beating estimates of $1.259 per share.

IBM (IBM) reports earnings on 4/18/2016 after the market open.

Goldman Sachs (GS) reports earnings on 4/19/2016 before the market open.

Intel (INTC) reported earnings on 4/19/2016 after the market open of $0.54, beating estimates for $0.47 per share.

Johnson & Johnson (JNJ) reported earnings on 4/19/2016 before the market open of $1.72, beating estimates for $1.639 per share.

UnitedHealth (UNH) reported earnings on 4/19/2016 before the market open of $1.81, beating estimates for $1.721 per share.

Coca Cola (KO) reports earnings on 4/20/2016 before the market open.

American Express (AXP) reports earnings on 4/20/2016 after the market close.

Travelers (TRV) reports earnings on 4/21/2016 before the market open.

Verizon (VZ) reports earnings on 4/21/2016 before the market open.

Microsoft (MSFT) reports earnings on 4/21/2016 after the market open.

Visa (V) reports earnings on 4/21/2016 after the market open.

Caterpillar (CAT) reports earnings on 4/22/2016 before the market open.

General Electric (GE) reports earnings on 4/22/2016 before the market open.

McDonald’s reports earnings on 4/22/2016 before the market open.

Apple (AAPL) reports earnings on 4/25/2016 after the market close.

3M (MMM) reports earnings on 4/26/2016 before the market open.

Dupont (DD) reports earnings on 4/26/2016 before the market open.

Procter & Gamble (PG) reports earnings on 4/26/2016 before the market open.

Boeing (BA) reports earnings on 4/27/2016 before the market open.

United Technologies (UTX) reports earnings on 4/27/2016 before the market open.

Chevron (CVX) reports earnings on 4/29/2016 before the market open.

Exxon Mobil (XOM) reports earnings on 4/29/2016 before the market open.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) is down -8.24% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +10.0% with purchase sub-index +8.4% and refi sub-index +11.3%.

1000 ET Mar existing home sales expected +3.9% to 5.28 million, Feb -7.1% to 5.08 million.

1030 ET EIA Weekly Petroleum Status Report.

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