The Dow Market Happenings For Tuesday, January 17, 2017

Dow stocks at 52 week highs include Goldman Sachs (GS) and JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +5 points.

Friday the Dow was down -5.27 (-0.03%) at 19,885.73.

Year-to-date the Dow is up +0.62%.

There were 14 Dow stocks up Friday.

The Dow stock winners Friday were led by Nike (NKE) +0.99% and JPMorgan (JPM) +0.53%. NOTE: Last Thursday JPM was the second biggest loser, down -0.96% (go figure).

The Dow stock losers Friday were led by Wal-Mart (WMT) -1.24% and Dupont (DD) -0.69%.

This week we get earnings reports from UNH (17th), GS (18th), AXP (19th), IBM (19th) and GE (20th).

Disney (DIS +0.49%) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs who cited Disney’s fiscal year 2018 film slate as its “best ever” as they raised their price target on the stock to $134 from $109.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down five-tenths of a cent at $2.338 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) reported earnings on 1/13/2016 before the market open of $1.71, beating estimates calling for $1.422 per share.

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.

McDonald’s (MCD) reports earnings on 1/23/2017 before the market open.

Dupont (DD) reports earnings on 1/24/2017 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/2017 before the market open.

3M (MMM) reports earnings on 1/24/2017 before the market open.

Travelers (TRV) reports earnings on 1/24/2017 before the market open.

Verizon (VZ) reports earnings on 1/24/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

Procter & Gamble (PG) reports earnings on 1/25/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

United Technologies (UTX) reports earnings on 1/25/2017 before the market open.

Caterpillar (CAT) reports earnings on 1/26/2017 before the market open.

Intel (INTC) reports earnings on 1/26/2017 after the market close.

Microsoft (MSFT) reports earnings on 1/26/2017 after the market close.

Chevron (CVX) reports earnings on 1/27/2017 after the market close.

Apple (AAPL) reports earnings on 1/31/2017 after the market close.

Disney (DIS) reports earnings on 2/7/2017 after the market close.

Today’s Featured Dow Stock

Disney (DIS)

Disney (DIS) is up +3.68% year-to-date.

Financial Calendar

0830 ET Jan Empire manufacturing survey general business conditions expected -0.8 to 8.2, Dec +7.5 to 9.0.

0845 ET New York Fed President Dudley (voter) speaks at a National Retail Federation Conference on consumer behavior.

1100 ET USDA weekly grain export inspections.

1800 ET San Francisco Fed President John Williams (non-voter) speaks at the Sacramento Business Review Economic Forecast event.

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