DJIA Market Happenings For Wednesday, July 13, 2016

Dow stocks at 52 week highs include Cisco (CSCO), Chevron (CVX), Exxon Mobil (XOM) and 3M (MMM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +35 points.

Tuesday the Dow was up +120.74 (+0.66%) at 18347.67.

Year-to-date the Dow is up +5.29%.

There were 22 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) +3.11% and Dupont (DD) +2.65%.

The Dow stock losers Tuesday were led by Wal-Mart (WMT) -1.07% and Boeing (BA) -0.93%.

Tomorrow we get the weekly initial unemployment claims which are expected to be +11,000 to 265,000, previous was -16,000 to 254,000. Weekly continuing claims expected +6,000 to 2.130 million, previous was -44,000 to 2.124 million.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down eight-tenths of a cent at $2.217 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

Verizon (VZ)

Verizon (VZ) is up +20.01% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +14.2% with purchase sub-index +4.3% and refi sub-index +20.8%.

0830 ET Jun import price index expected +0.5% m/m and -4.6% y/y, May +1.4% m/m and -5.0% y/y.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $12 billion of 30-year T-bonds.

1400 ET Jun monthly budget statement expected +$23.0 billion, May -$52.507 billion.

1400 ET Fed Beige Book.

1800 ET Philadelphia Fed President Patrick Harker (non-voter) speaks on the economic outlook at an event in Philadelphia.

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