The Dow Market Happenings For Wednesday, October 19, 2016

There are no Dow stocks at 52 week highs.There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +37 points.

Tuesday the Dow was up +75.54 (+0.42%) at 18,161.74.

Year-to-date the Dow is up +4.23%.

There were 16 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by UnitedHealth (UNH) +6.90% and Goldman Sachs (GS) +2.15%.

The Dow stock losers Tuesday were led by Intel (INTC) -5.06% and IBM (IBM) -2.60%.

Intel (INTC +1.23%) is down nearly 5% in premarket trading after it forecast Q4 revenue of $15.2 billion-$16.2 billion, and the midpoint trailed estimates of $15.9 billion.

Dupont (DD +1.22%) was rated a new ‘Buy’ at Nomura with a 12-month target price of $78.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down three-tenths of a cent at $2.235 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

Boeing (BA)

Boeing (BA) is down -6.56% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -6.0% with purchase sub-index -2.6% and refi sub-index -8.0%.

0830 ET Sep housing starts expected +2.9% to 1.175 million, Aug -5.8% m/m to 1.142 million. Sep building permits expected +1.1% to 1.165 million, Aug +0.7% to 1.152 million.

0845 ET San Francisco Fed President John Williams (non-voter) speaks at Rutgers University.

1030 ET EIA Weekly Petroleum Status Report.

1330 ET Dallas Fed President Robert Kaplan (non-voter) takes part in a moderated Q&A at a luncheon sponsored by the Fort Worth Chamber of Commerce.

1400 ET Fed Beige Book.

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