DJIA Market Happenings For Wednesday February 1, 2017

Dow stocks at 52 week highs include Disney (DIS). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +70 points (on Apple earnings).

Tuesday the Dow was down -107.04 (-0.54%) at 19,864.09.

Year-to-date the Dow is up +1.06%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Pfizer (PFE) +1.34% and Procter & Gamble (PG) +0.98%.

The Dow stock losers Tuesday were led by Goldman Sachs (GS) -1.96% and JPMorgan (JPM) -1.63%.

The Fed end its two-day policy meeting with announcement about 11:00 PST.

Apple (AAPL -0.23%) rose 3% in pre-market trading after it reported Q1 EPS of $3.36, higher than consensus of $3.22, and said it sold 78.3 million iPhone units, above consensus of 76.3 million.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up two-tenths of a cent at $2.276 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) reported earnings on 1/19/2017 after the market close of $0.91, lower than estimates calling for $0.979 per share.

IBM (IBM) reported earnings on 1/19/2017 after the market close of $5.01, beating estimates calling for $4.89 per share.

Procter & Gamble (PG) reports earnings on 1/20/2017 before the market open of $1.13, beating estimates calling for $1.065 per share.

General Electric (GE) reported earnings on 1/20/2017 before the market open of $1.08, beating estimates of $1.06 per share.

McDonald’s (MCD) reported earnings on 1/23/2017 before the market open of $1.44, beating estimates calling for $1.407 per share.

Dupont (DD) reported earnings on 1/24/2017 before the market open of $0.51, beating estimates calling for $0.419 per share.

Johnson & Johnson (JNJ) reported earnings on 1/24/2017 before the market open of $1.58, beating estimates of $1.556 per share.

3M (MMM) reported earnings on 1/24/2017 before the market open of $1.88, barely beating estimates calling for $1.871 per share.

Travelers (TRV) reported earnings on 1/24/2017 before the market open of $3.20, smashing estimates calling for $2.893 per share.

Verizon (VZ) reported earnings on 1/24/2017 before the market open of $0.86, missing estimates calling for $0.892 per share.

Boeing (BA) reported earnings on 1/25/2017 before the market open of $2.47, beating consensus of $2.336 per share.

United Technologies (UTX) reported earnings on 1/25/2017 before the market open of $1.56, meeting estimates calling for $1.557 per share.

Caterpillar (CAT) reported earnings on 1/26/2017 before the market open of $0.83, beating estimates calling for $0.654 per share.

Intel (INTC) reported earnings on 1/26/2017 after the market close of $0.79, beating estimates calling for $0.755 per share.

Microsoft (MSFT) reported earnings on 1/26/2017 after the market close of $0.83, beating estimates of $0.785 per share.

Chevron (CVX) reported earnings on 1/27/2017 after the market close of $0.22, missing estimates calling for $0.64 per share.

Exxon Mobil (XOM) reports earnings on 1/31/2017 before the market open of $0.41, missing estimates calling for $0.724 per share.

Apple (AAPL) reported earnings on 1/31/2017 after the market close of$3.36, beating estimates calling for $3.219 per share.

Pfizer (PFE) reported earnings on 1/31/2017 after the market close of $0.47, missing estimates calling for $0.496 per share.

Merck (MRK) reports earnings on 2/2/2017 after the market close.

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

Coca Cola (KO) reports earnings on 2/9/2017 before the market open.

Today’s Featured Dow Stock

Merck (MRK)

Merck (MRK) is up +5.30% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +4.0% with purchase sub-index +6.0% and refi sub-index +0.2%.

0815 ET Jan ADP employment change expected +167,000, Dec +153,000.

0830 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion) and 30-year T-bonds (previous $12 billion) to be auctioned Feb 7-9 in the Feb quarterly refunding.

0945 ET Revised Jan Markit U.S. manufacturing PMI, prelim-Jan +0.8 to 55.1.

1000 ET Jan ISM manufacturing PMI expected +0.5 to 55.0, Dec +1.0 to 54.7. Jan ISM new orders, Dec +5.5 to 60.3. Jan ISM employment, Dec +0.3 at 52.8. Jan ISM prices paid expected +0.5 to 66.0, Dec +11.0 to 65.5.

1000 ET Dec construction spending expected +0.2% m/m, Nov +0.9% m/m.

1030 ET EIA Weekly Petroleum Status Report.

1400 ET FOMC announces interest rate decision; no change expected for 0.50%-0.75% fed funds target range.

n/a Jan total vehicle sales expected 17.50 million, Dec 18.29 million. Jan domestic vehicle sales expected 14.00 million, Dec 14.19 million.

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