DJIA Market Happenings For Monday, January 9, 2016

Dow stocks at 52 week highs include Disney (DIS), Goldman Sachs (GS) and United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -51 points.

Friday the Dow was up +64.51 (+0.32%) at 19,963.80.

Year-to-date the Dow is up +1.02%.

There were 19 Dow stocks up Friday.

The Dow stock winners Friday were led by Nike (NKE) +1.60% and Disney (DIS) +1.49%.

The Dow stock losers Friday were led by Verizon (VZ) -1.48% and Wal-Mart (WMT) -1.37%.

Coca-Cola (KO -0.02%) was downgraded to ‘Sell’ from ‘Neutral’ at Goldman Sachs.

McDonald’s (MCD) is selling a controlling stake in its China business to a group of investors led by state-owned Chinese conglomerate Citic in a deal worth up to $2.1 billion. Citic Ltd. and its investment management unit Citic Capital will acquire 52 percent of the business while another partner, Washington-based private equity firm The Carlyle Group, will own 28 percent. McDonald’s will retain a 20 percent stake. About two-thirds of the China operation’s 2,640 outlets, including 240 in Hong Kong, that are now owned by McDonald’s will be refranchised. The China business employs more than 120,000 people.

European stocks are mostly higher and Asian markets ended mostly lower.

The national average price of gasoline is unchanged at $2.369 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/20/16 after the market close of $0.50, beating estimates calling for $0.431 per share.

JPMorgan (JPM) reports earnings on 1/13/2016 before the market open.

UnitedHealth (UNH) reports earnings on 1/17/2017 before the market open.

Goldman Sachs (GS) reports earnings on 1/18/2017 before the market open.

American Express (AXP) reports earnings on 1/19/2017 after the market close.

IBM (IBM) reports earnings on 1/19/2017 after the market close.

General Electric (GE) reports earnings on 1/20/2017 before the market open.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) is up +2.20% year-to-date.

Financial Calendar

0900 ET Boston Fed President Eric Rosengren (non-voter) speaks at the Connecticut Business & Industry Associations annual Economic Summit and Outlook.

1100 ET USDA weekly grain export inspections.

1245 ET Atlanta Fed President Dennis Lockhart (non-voter) gives an annual forecast to the Rotary Club of Atlanta.

1500 ET Nov consumer credit expected +$18.4 billion, Oct +$16.018 billion.

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