The Dow Market Happenings For Thursday, July 14, 2016

Dow stocks at 52 week highs include Cisco (CSCO), Procter & Gamble (PG) and 3M (MMM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +157 points.

Wednesday the Dow was up +24.45 (+0.13%) at 18,372.12.

Year-to-date the Dow is up +5.44%.

There were 18 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by UnitedHealth (UNH) +1.16% and Verizon (VZ) +0.96%.

The Dow stock losers Wednesday were led by Home Depot (HD) -0.95% and Apple (AAPL) -0.56%.

JPMorgan Chase (JPM -0.06%) climbed over 2% in premarket trading after it reported Q2 EPS of $1.55, higher than consensus of $1.43.

Procter & Gamble (PG +0.16%) was upgraded to ‘Buy’ from ‘Neutral’ at UBS with a 12-month price target of $96.

Jobless claims were unchanged at 254,000 in the week ended July 9, according to a Labor Department report released Thursday. The median estimate called for filings to increase to 265,000. In April, applications dropped to a four-decade low of 248,000.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is unchanged 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.

Caterpillar (CAT) reports earnings on 7/26/2016 before the market open.

McDonald’s (MCD) reports earnings on 7/26/2016 before the market open.

Apple (AAPL) reports earnings on 7/26/2016 after the market close.

Today’s Featured Dow Stock

Visa (V)

Visa (V) is down -0.12% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +11,000 to 265,000, previous -16,000 to 254,000. Weekly continuing claims expected +6,000 to 2.130 million, previous -44,000 to 2.124 million.

0830 ET Jun PPI final demand expected +0.3% m/m and -0.1% y/y, May +0.4% m/m and -0.1% y/y. Jun PPI ex food & energy expected +0.1% m/m and +1.0% y/y, May +0.3% m/m and +1.2% y/y.

0830 ET USDA weekly Export Sales.

1100 ET Treasury announces amount of 10-year TIPS (previous $11 billion) to be auctioned Jul 21.

1115 ET Atlanta Fed President Dennis Lockhart (non-voter) speaks at the Rocky Mountain Economic Summit in Victor, Idaho.

1900 ET Dallas Fed President Robert Kaplan (non-voter) speaks at the Official Monetary and Financial Institutions Forum in St. Louis about economic conditions and the role of monetary policy.

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2781