The Dow Market Happenings For Tuesday, July 12, 2016

Dow stocks at 52 week highs include Cisco (CSCO), Chevron (CVX), Johnson & Johnson (JNJ), Procter & Gamble (PG), Wal-Mart (WMT), General Electric (GE) and 3M (MMM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +77 points.

Monday the Dow was up +80.19 (+0.44%) at 18,226.93.

Year-to-date the Dow is up +4.60%.

All 30 Dow stocks were up Monday.

The Dow stock winners Monday were led by Boeing (BA) +1.50% and Goldman Sachs (GS) +1.20%.

The Dow stock losers Monday were led by UnitedHealth (UNH) -0.67% and Procter & Gamble (PG) -0.02%.

Alcoa (AA +3.26%) rallied +4% in premarket trading after reporting Q2 adjusted EPS of 15 cents, which was better than the consensus of 9 cents. Q2 revenue of $5.30 billion was close to the market consensus.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down nine-tenths of a cent at $2.225 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/28/16 after the market close of $0.49, beating estimates calling for $0.477 per share.

JPMorgan (JPM) reports earnings on 7/14/2016 before the market open.

IBM (IBM) reports earnings on 7/18/2016 after the market close.

Goldman Sachs (GS) reports earnings on 7/19/2016 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/19/2016 before the market open.

UnitedHealth (UNH) reports earnings on 7/19/2016 before the market open.

Microsoft (MSFT) reports earnings on 7/19/2016 after the market close.

American Express (AXP) reports earnings on 7/20/2016 after the close.

Intel (INTC) reports earnings on 7/20/2016 after the close.

Travelers (TRV) reports earnings on 7/21/2016 before the market open.

Visa (V) reports earnings on 7/21/2016 after the close.

General Electric (GE) reports earnings on 7/22/2016 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) is up +19.28% year-to-date.

Financial Calendar

0915 ET Fed Governor Danial Tarullo delivers opening remarks at a conference on shadow banking.

0935 ET St. Louis Fed President James Bullard (voter) delivers a presentation at a breakfast meeting of the NABE.

1000 ET May wholesale inventories expected +0.2% m/m, Apr +0.6% m/m. May wholesale trade sales expected +0.5% m/m, Apr +1.0% m/m.

1000 ET May JOLTS job openings expected -288,000 to 5.500 million, Apr +118,000 to 5.788 million.

1200 ET USDA Jul WASDE crop production.

1300 ET Treasury auctions $20 billion of 10-year T-notes.

1730 ET Minneapolis Fed President Neel Kashkari (non-voter) holds a town hall forum at Northern Michigan University on the state of the economy and the role of the Federal Reserve.

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