The Dow Market Happenings For Wednesday, May 25, 2016

Dow stocks at 52 week highs include Exxon Mobil (XOM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +65 points.

Tuesday the Dow was up +213.12 (+1.22%) at 17,706.05.

Year-to-date the Dow is up +1.61%.

There were 29 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Microsoft (MSFT) +3.12%, Visa (V) +2.81%, Intel (INTC) +2.75% and American Express (AXP) +2.01%.

The Dow stock loser Tuesday was Boeing (BA) -0.06%.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up 1.4 cents at $2.304 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) reported earnings on 4/18/2016 after the market open of $2.35, beating estimates of $2.085 per share.

Goldman Sachs (GS) reported earnings on 4/19/2016 before the market open of $2.68, beating estimates for $2.566 per share.

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) reported earnings on 4/20/2016 before the market open of $0.45, beating estimates of $0.44 per share.

American Express (AXP) reported earnings on 4/20/2016 after the market close of $1.45, beating estimates of $1.355 per share.

Travelers (TRV) reported earnings on 4/21/2016 before the market open of $2.30, missing estimates of $2.568 per share.

Verizon (VZ) reported earnings on 4/21/2016 before the market open of $1.06, meeting estimates of $1.064 per share.

Microsoft (MSFT) reported earnings on 4/21/2016 after the market open of $0.62, almost meeting expectations for $0.625 per share.

Visa (V) reported earnings on 4/21/2016 after the market open of $0.68, beating estimates of $0.663 per share.

Caterpillar (CAT) reported earnings on 4/22/2016 before the market open of $0.46, missing estimates of $0.67 per share.

General Electric (GE) reports earnings on 4/22/2016 before the market open of $0.21, barely beating estimates of $0.206 per share.

McDonald’s reported earnings on 4/22/2016 before the market open of $1.23, beating estimates of $1.169 per share.

Apple (AAPL) reported earnings on 4/25/2016 after the market close of $1.90, missing estimates calling for $1.97 per share.

3M (MMM) reported earnings on 4/26/2016 before the market open of $2.05, beating estimates of $1.924 per share..

Dupont (DD) reported earnings on 4/26/2016 before the market open of $1.26, beating estimates calling for $1.02 per share.

Procter & Gamble (PG) reported earnings on 4/26/2016 before the market open of $0.89, beating estimates of $0.81 per share..

Boeing (BA) reported earnings on 4/27/2016 before the market open of $1.74, missing estimates calling for $1.806 per share.

United Technologies (UTX) reported earnings on 4/27/2016 before the market open of $1.47, beating estimates of $1.387 per share.

Chevron (CVX) reported earnings on 4/29/2016 before the market open of -$0.39, missing estimates for -$0.139 per share.

Exxon Mobil (XOM) reported earnings on 4/29/2016 before the market open of $0.43, beating estimates of $0.306 per share.

Pfizer (PFE) reported earnings on 5/3/2016 before the market open of $0.67, beating estimates of $0.47 per share.

Merck (MRK) reported earnings on 5/5/2016 before the market open of $0.89, beating estimates calling for $0.853 per share.

Disney (DIS) reported earnings on 5/10/2016 after the market close of $1.36, missing estimates calling for $1.404 per share.

Home Depot (HD) reports\ed earnings on 5/17/2016 before the market open of $1.44, beating estimates of $1.35 per share.

Cisco (CSCO) reported earnings on 5/18/2016 after the close of $0.57, beating estimates calling for $0.502 per share.

Wal-Mart (WMT) reported earnings on 5/19/2016 before the market open of $0.98, beating estimates of $0.877 per share.

Today’s Featured Dow Stock

Wal-Mart (WMT)

Wal-Mart (WMT) is up +14.58% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -1.6% with purchase sub-index -5.7% and refi sub-index +1.4%.

0900 ET Philadelphia Fed President Patrick Harker (non-voter) speaks at a forum on Americas economy in 2016 at the National Constitution Center in Philadelphia.

0900 ET Mar FHFA house price index expected +0.5% m/m, Feb +0.4% m/m. Q1 house price purchase index, Q4 +1.4% q/q.

0945 ET Prelim-May Markit services PMI expected +0.2 to 53.0, Apr +1.5 to 52.8. May composite PMI, Apr +1.1 to 52.4.

1030 ET EIA Weekly Petroleum Status Report.

1130 ET Treasury auctions $13 billion of 2-year floating-rate notes.

1140 ET Minneapolis Fed President Neel Kashkari (non-voter) participates in a conversation about the relationship between the energy sector and monetary policy at a conference in Bismarck, ND.

1300 ET Treasury auctions $34 billion of 5-year T-notes.

1400 ET Dallas Fed President Robert Kaplan (non-voter) speaks at the Greater Houston Partnership Thought Leader Series.

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