The Dow Market Happenings For Thursday, January 19, 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 down -12 points.

Wednesday the Dow was down -22.05 (-0.11%) at 19,804.72.

Year-to-date the Dow is up +0.21%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by American Express (AXP) +1.16% and Travelers (TRV) +0.92%.

The Dow stock losers Wednesday were led by UnitedHealth (UNH) -1.82% and Exxon Mobil (XOM) -1.24%.

Exxon Mobile (XOM -1.24%) was downgraded to ‘Sell’ from ‘Neutral’ at UBS with a price target of $77.

Initial jobless claims sank by 15,000 to 234,000 in the week ended Jan 14. Economists had expected new claims to total 245,000. The monthly average of claims also fell by 10,250 to 246,750 to mark the lowest level since November 1973.

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

The national average price of gasoline is down three-tenths of a cent at $2.332 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.

Exxon Mobil (XOM) reports earnings on 1/31/2017 before the market open.

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

Pfizer (PFE) 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

Exxon Mobil (XOM)

Exxon Mobil (XOM) is down -4.41% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +5,000 to 252,000, previous +10,000 to 247,000. Weekly continuing claims expected -12,000 to 2.075 million, previous -29,000 to 2.087 million.

0830 ET Dec housing starts expected +8.9% to 1.187 million, Nov 18.7% to 1.090 million. Dec building permits expected +1.1% to 1.225 million, Nov -3.8% to 1.212 million.

0830 ET Jan Philadelphia Fed business outlook survey expected -4.9 to 15.1, Dec +11.0 to 19.7.

1100 ET EIA Weekly Petroleum Status Report.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Jan 24-26.

1300 ET Treasury auctions $13 billion of 10-year TIPS.

2000 ET Fed Chair Janet Yellen speaks to the Stanford Institute for Economic Policy Research.

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