DJIA Market Happenings For Tuesday, October 18, 2016

There are no Dow stocks at 52 week highs.Dow stock 52 week lows include Nike (NKE).

The Market

Premarket today, the Dow was indicated to open up +101 points.

Monday the Dow was down -51.98 (-0.29%) at 18,086.40.

Year-to-date the Dow is up +3.80%.

There were 7 Dow stocks up Monday.

The Dow stock winners Monday were led by Johnson & Johnson (JNJ) +0.79% and Boeing (BA) +0.37%.

The Dow stock losers Monday were led by McDonald’s (MCD) -1.47% and Nike (NKE) -1.14%.

International Business Machines (IBM +0.21%) fell 2% in premarket trading after it reported Q3 operating gross profit margin of 48%, less than expectations of 50.1%.

Intel (INTC -0.43%) was upgraded to ‘Overweight’ from ‘Equalweight’ at Barclays with a price target of $45.

Visa (V -0.36%) dropped nearly 2% in after-hours trading after CEP Scharf resigned.

Dow stocks still trying to edge ever higher include AAPL, CAT, GS, INTC, JPM, PG and V. That’s only 7 out of the 30 stocks.

European stocks are higher and Asian markets ended higher.

The national average price of gasoline is down three-tenths of a cent at $2.238 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/27/2016 after the market close of $0.73, beating consensus of $0.556 per share.

JPMorgan (JPM) reported earnings on 10/17/2016 before the market open of $1.58, beating estimates calling for $1.401 per share..

IBM (IBM) reports earnings on 10/17/2016 after the market close.

Goldman Sachs (GS) reported earnings on 10/18/2016 before the market open of $4.88, crushing estimates calling for $3.855 per share.

Johnson & Johnson (JNJ) reported earnings on 10/18/2016 before the market open of $1.68, beating estimates for $1.646 per share.

Intel (INTC) reports earnings on 10/18/2016 before the market open.

UnitedHealth (UNH) reported earnings on 10/18/2016 before the market open of $2.17, beating estimates of $2.077 per share.

American Express (AXP) reports earnings on 10/19/2016 after the market close.

Microsoft (MSFT) reports earnings on 10/20/2016 after the market close.

Verizon (VZ) reports earnings on 10/20/2016 before the market open.

Travelers (TRV) reports earnings on 10/20/2016 before the market open.

General Electric (GE) reports earnings on 10/21/2016 before the market open.

McDonald’s (MCD) reports earnings on 10/21/2016 before the market open.

Visa (V) reports earnings on 10/24/2016 before the market open.

Apple (AAPL) reports earnings on 10/25/2016 after the market close.

Procter & Gamble (PG) reports earnings on 10/25/2016 before the market open.

Merck (MRK) reports earnings on 10/25/2016 before the market open.

3M (MMM) reports earnings on 10/25/2016 before the market open.

United Technologies (UTX) reports earnings on 10/25/2016 before the market open.

Dupont (DD) reports earnings on 10/25/2016 before the market open.

Caterpillar (CAT) reports earnings on 10/25/2016 before the market open.

Coca Cola (KO) reports earnings on 10/26/2016 before the market open.

Boeing (BA) reports earnings on 10/26/2016 before the market open.

Chevron (CVX) reports earnings on 10/28/2016 before the market open.

Exxon Mobil (XOM) reports earnings on 10/28/2016 before the market open.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) is up +11.68% year-to-date.

Financial Calendar

0830 ET Sep CPI expected +0.3% m/m and +1.5% y/y, Aug +0.2% m/m and +1.1% y/y. Sep CPI ex food & energy expected +0.2% m/m and +2.3% y/y, Aug +0.3% m/m and +2.3% y/y.

1000 ET Oct NAHB housing market index expected -2 to 63, Sep +6 to 65.

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