DJIA Market Happenings For Wednesday, August 17, 2016

Dow stocks at 52 week highs include Caterpillar (CAT).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -16 points.

Tuesday the Dow was down -84.03 (-0.45%) at 18,552.02.

Year-to-date the Dow is up +6.47% (-0.45%) at 18,552.02.

There were 6 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Intel (INTC) +0.86% and Boeing (BA) +0.25%.

The Dow stock losers Tuesday were led by Johnson & Johnson (JNJ) -1.62% and Verizon (VZ) -1.59%.

Stocks struggle while the dollar firms as we wait to read the minutes from the Federal Reserve’s July meeting.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up seven-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 $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) reported earnings on 8/16/2016 before the market open of $1.97, beating estimates for $1.958 per share.

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

Nike (NKE)

Nike (NKE) is down -8.99% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +7.1% with purchase sub-index +2.6% and refi sub-index +9.6%.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET St. Louis Fed President James Bullard (voter) speaks on the U.S. economy and monetary policy at a wealth and asset management research conference.

1400 ET Minutes of the Jul 26-27 FOMC meeting.

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