DJIA Market Happenings For Monday, August 1, 2016

Dow stocks at 52 week highs include Home Depot (HD).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +16 points.

Friday the Dow was down -24.11 (-0.13%) at 18,432.24.

Year-to-date the Dow is up +5.78%.

There were 16 Dow stocks up Friday.

The Dow stock winners Friday were led by Verizon (VZ) +1.00% and Procter & Gamble (PG) +0.92%.

The Dow stock losers Friday were led by McDonald’s (MCD) -1.48% and Visa (V) -1.44%.

Apple (AAPL -0.12%) shares have “gotten too cheap” based on free cash flow and other metrics, according to Barron’s.

After buying Yahoo last week for $4.8 billion, today Verizon (VZ) announced it’s buying Fleetmatics, a telematics company based out of Dublin, Ireland, for $2.4 billion in cash, to build out the products that it offers to enterprises in the areas of logistics and work forces that are on the move.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is down three-tenths of a cent at $2.132 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) reported earnings on 7/20/2016 after the close of $2.10, beating estimates calling for $1.924 per share.

Intel (INTC) reported earnings on 7/20/2016 after the close of $0.59, beating estimates calling for $0.533 per share.

Travelers (TRV) reported earnings on 7/21/2016 before the market open of $2.24, beating estimates of $2.106 per share.

Visa (V) reports earninged on 7/21/2016 after the close of $0.69, beating estimates calling for $0.669 per share.

General Electric (GE) reported earnings on 7/22/2016 before the market open of $0.51, beating estimates calling for $0.455 per share.

Caterpillar (CAT) reported earnings on 7/26/2016 before the market open $0.963, beating estimates for $0.93 per share.

McDonald’s (MCD) reported earnings on 7/26/2016 before the market open of $1.25, missing estimates for $1.376 per share.

Apple (AAPL) reported earnings on 7/26/2016 after the market close of $1.42, beating estimates of $1.389.

United Technologies (UTX) reported earnings on 7/26/2016 before the market open of $1.82, beating estimates calling for $1.652.

Verizon (VZ) reported earnings on 7/26/2016 before the market open of $0.17, missing estimates calling for $0.941 per share.

Dupont (DD) reported earnings on 7/26/2016 after the market close of $1.24, beating estimates calling for $1.095 per share.

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.

Chevron (CVX) reports earnings on 7/29/2016 before the market open.

Exxon Mobil (XOM) reports earnings on 7/29/2016 before the market open.

Merck (MRK) reports earnings on 7/29/2016 before the market open.

Pfizer (PFE) reports earnings on 8/2/2016 before the market open.

Procter & Gamble (PG) reports earnings on 8/2/2016 before the market open.

Disney (DIS) reports earnings on 8/9/2016 after the market close.

Today’s Featured Dow Stock

Dupont (DD)

Dupont (DD) is up +3.86% year-to-date.

Financial Calendar

0945 ET Revised-Jul Markit manufacturing PMI expected unrevised at 52.9, prelim-Jul +1.6 to 52.9.

1000 ET Jul ISM manufacturing index expected -0.2 to 53.0, Jun +1.9 to 53.2. Jul ISM new orders, Jun +1.3 to 57.0. Jul ISM employment, Jun +1.2 to 50.4. Jul ISM prices paid expected +0.5 to 61.0, Jun -3.0 to 60.5.

1000 ET Jun construction spending expected +0.7%, May -0.8% m/m.

1100 ET USDA weekly grain export inspections.

1600 ET USDA Weekly Crop Progress.

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