DJIA Market Happenings For Wednesday, January 18, 2017

Dow stocks at 52 week highs include Apple (AAPL). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +27 points.

Tuesday the Dow was down -58.96 (+0.30%) at 19,826.77.

Year-to-date the Dow is up +0.32%.

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Wal-Mart (WMT) +1.92% and Procter & Gamble (PG) +1.43%.

The Dow stock losers Tuesday were led by JPMorgan (JPM) -3.63% and Goldman Sachs (GS) -3.50%.

The United States on Wednesday sued JPMorgan (JPM), accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009. Filed in a Manhattan federal court, the government’s complaint accuses the bank of violating the U.S. Fair Housing Act and the Equal Credit Opportunity Act by charging thousands of African-American and Hispanic borrowers more for home loans than white borrowers with the same credit profile.

Goldman Sachs (GS) said it earned $5.08 a share on revenue of $8.17 billion, with $2.15 billion in net income representing a near-quadrupling in profit. Goldman was expected to post earnings of $4.82 a share on revenue of $7.742 billion, according to analysts. Return on equity was 11.4 percent compared to a 10 percent benchmark for cost of capital.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is down three-tenths of a cent at $2.335 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) reported earnings on 1/17/2017 before the market open of $2.11, beating estimates of $2.073 per share.

Goldman Sachs (GS) reported earnings on 1/18/2017 before the market open of $5.08, beating estimates of $4.761 per share.

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

Dupont (DD)

Dupont (DD) is down -0.59% year-to-date.

Financial Calendar

0830 ET Dec retail sales expected +0.7% and +0.5% ex autos, Nov +0.1% and +0.2% ex autos.

0830 ET Dec PPI final demand expected +0.3% m/m and +1.6% y/y, Nov +0.4% m/m and +1.3% y/y. Dec PPI ex food & energy expected +0.1% m/m and +1.5% y/y, Nov +0.4% m/m and +1.6% y/y.

0930 ET Philadelphia Fed President Patrick Harker (voter) speaks on economic mobility at an event in Philadelphia.

1000 ET Nov business inventories expected +0.6%, Oct -0.2%.

1000 ET Preliminary-Jan University of Michigan U.S. consumer sentiment index expected +0.3 to 98.5, Dec +4.4 to 98.2.

1400 ET Dec monthly budget statement expected -$25.0 billion, Nov -$136.7 billion.

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