The Dow Market Happenings For Wednesday, July 20, 2016

Dow stocks at 52 week highs include General Electric (GE), Cisco (CSCO) and Johnson & Johnson (JNJ).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -2 points.

Tuesday the Dow was up +25.96 (+0.14%) at 18,559.01.

Year-to-date the Dow is up +6.51%.

There were 15 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by McDonald’s (MCD) +2.18% and Johnson & Johnson (JNJ) +1.71%.

The Dow stock losers Tuesday were led by Microsoft (MSFT) -1.61% and Goldman Sachs (GS) -1.18%.

Microsoft (MSFT -1.61%) rallied over 4% in premarket trading after it reported Q4 adjusted EPS of 69 cents, higher than consensus of 58 cents.

Verizon (VZ -0.41%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Oppenheimer.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down seven-tenths of a cent at $2.194 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) reported earnings on 7/14/2016 before the market open of $1.55, beating estimates calling for $1.431 per share.

IBM (IBM) reported earnings on 7/18/2016 after the market close of $2.95, beating estimates of $2.871 per share.

Goldman Sachs (GS) reported earnings on 7/19/2016 before the market open of $3.72, beating consensus of $3.013 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/2016 before the market open of $1.74, beating estimates calling for $1.675 per share.

UnitedHealth (UNH) reported earnings on 7/19/2016 before the market open of $1.96, beating estimates calling for $2.871 per share.

Microsoft (MSFT) reports earnings on 7/19/2016 after the market close of $0.69, beating estimates calling for $0.576 per share.

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.

United Technologies (UTX) reports earnings on 7/26/2016 before the market open.

Dupont (DD) reports earnings on 7/26/2016 after the market close.

Boeing (BA) reports earnings on 7/27/2016 before the market open.

Coca Cola (KO) reports earning on 7/27/2016 before the market open.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) is down -5.12% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +7.2% with purchase sub-index unch and refi sub-index +11.2%.

1030 ET EIA Weekly Petroleum Status Report.

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