The Dow Market Happenings For Tuesday, August 16, 2016

Dow stocks at 52 week highs include Microsoft (MSFT), Procter & Gamble (PG) and United Technologies (UTX).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -39 points.

Monday the Dow was up +59.58 (+0.32%) at 18,636.05.

Year-to-date the Dow is up +6.95%.

There were 19 Dow stocks up Monday.

The Dow stock winners Monday were led by Dupont (DD) +1.45% and Goldman Sachs (GS) +1.41%.

The Dow stock losers Monday were led by UnitedHealth (UNH) -0.88% and McDonald’s (MCD) -0.84%.

JPMorgan Chase (JPM +0.61%) was downgraded to ‘Market Perform’ from ‘Outperform’ at Bernstein.

The U.S. cost of living was little changed in July. It was the first time in five months the consumer-price index failed to advance and followed a 0.2 percent gain in June. Excluding food and energy, prices rose 0.1 percent, less than projected.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up one-tenth of a cent at $2.125 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 $1.889 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) reported earnings 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) reported earnings on 7/27/2016 before the market open of $-0.44, beating estimates for $-0.88 per share.

Coca Cola (KO) reported earnings on 7/27/2016 before the market open of $0.60, beating estimates of $0.578 per share.

Chevron (CVX) reported earnings on 7/29/2016 before the market open of $-0.78, below estimates for $0.312 per share.

Exxon Mobil (XOM) reported earnings on 7/29/2016 before the market open of $0.41, below estimates for $0.638 per share.

Merck (MRK) reported earnings on 7/29/2016 before the market open of $0.93, beating estimates for $0.913 per share.

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) reported earnings on 8/9/2016 after the market close of $1.62, beating estimates calling for $1.605 per share.

Home Depot (HD) reports earnings on 8/16/2016 before the market open.

Cisco (CSCO) reports earnings on 8/17/2016 after the market close.

Wal-Mart (WMT) reports earnings on 8/18/2016 before the market open.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) is up +4.76% year-to-date.

Financial Calendar

0830 ET Jul housing starts expected -1.1% to 1.176 million, Jun +4.8% to 1.189 million. Jul building permits expected +0.6% to 1.160 million, Jun +1.5% to 1.153 million.

0830 ET Jul CPI expected unch m/m and +0.9% y/y, Jun +0.2% m/m and +1.0% y/y. Jul CPI ex food & energy expected +0.2% m/m and +2.3% y/y, Jun +0.2% m/m and +2.3% y/y.

0915 ET Jul industrial production expected +0.3%, Jun +0.6%. Jul manufacturing production expected +0.3%, Jun +0.4%. Jul capacity utilization expected +0.2 to 75.6%, Jun +0.5 to 75.4%.

1230 ET Atlanta Fed President Dennis Lockhart (non-voter) speaks to the Rotary Club of Knoxville, TN.

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