DJIA Market Happenings For Thursday, February 9, 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 +23 points.

Wednesday the Dow was down -35.95 (-0.18%) at 20,054.34.

Year-to-date the Dow is up +1.48%.

There were 15 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Nike (NKE) +2.03% and Wal-Mart (WMT) +1.38%.

The Dow stock losers Wednesday were led by JPMorgan (JPM) -0.88% and Visa (V) -0.80%.

Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 234,000 for the week ended Feb. 4.That left claims just shy of the 43-year low of 233,000 touched in early November. The labor market is at or close to full employment, with the unemployment rate at 4.8 percent. It hit a more than nine-year low of 4.6 percent in November. The economy created 227,000 jobs in January.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down four-tenths of a cent at $2.262 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) reported earnings on 2/2/2017 before the market open of $0.89, beating estimates calling for $0.88 per share.

Visa (V) reported earnings on 2/2/2017 after the market close of $0.86,beating estimates calling for $0.777 per share.

Disney (DIS) reported earnings on 2/7/2017 after the market close of $1.55, beating estimates calling for $1.478 per share.

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

Cisco (CSCO) reports earnings on 2/15/2017 after the market close.

Home Depot (HD) reports earnings on 2/21/2017 before the market open.

Wal-Mart (WMT) reports earnings on 2/21/2017 before the market open.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) is up +3.01% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +3,000 to 249,000, previous -14,000 to 246,000. Weekly continuing claims expected -6,000 to 2.058 million, previous -39,000 to 2.064 million.

0830 ET USDA weekly Export Sales.

0910 ET St. Louis Fed President James Bullard (non-voter) speaks on the U.S. economy and monetary policy at a finance forum at Washington University in St. Louis.

1000 ET Revised Dec wholesale inventories expected unrevised from prelim-Dec +1.0%. Dec wholesale trade sales, Nov +0.4% m/m.

1200 ET USDA Feb WASDE crop production.

1300 ET Treasury auctions $15 billion of 30-year T-bonds.

1310 ET Chicago Fed President Charles Evans (voter) speaks about current economic conditions and monetary policy at the CFA Society of Chicago.

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