Dow stocks at 52 week highs include Apple (AAPL), American Express (AXP), Cisco (CSCO), Goldman Sachs (GS), Home Depot (HD), IBM (IBM), JPMorgan (JPM), Merck (MRK), Procter & Gamble (PG), UnitedHealth (UNH) and Visa (V). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to down -38 points.
Wednesday the Dow was up +107.45 (+0.52%) at 20611.86.
Year-to-date the Dow is up +4.30%.
There were 24 Dow stocks up Wednesday.
The Dow stock winners Wednesday were led by Procter & Gamble (PG) +3.71% and Pfizer (PFE) +2.32%.
The Dow stock losers Wednesday were led by Merck (MRK) -0.76% and Veerizon (VZ) -0.39%.
Cisco Systems (CSCO +1.58%) gained almost 2% in after-hours trading after it reported Q2 adjusted EPS of 57 cents, better than consensus of 56 cents.
Jobless claims rose by 5,000 to 239,000 in the week ended Feb. 11. The median forecast called for 245,000 applications. Continuing claims fell slightly. Economists’ estimates for initial jobless claims ranged from 225,000 to 255,000. The figure for the previous week was unrevised at 234,000. The four-week moving average edged up to 245,250 last week from 244,750.
European stocks are lower and Asian markets ended mostly higher.
The national average price of gasoline is unchanged at $2.284 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) reported earnings on 2/9/2017 before the market open of$0.37, barely beating estimates calling for $0.362 per share.
Cisco (CSCO) reported earnings on 2/15/2017 after the market close of $0.57, beating estimates calling for $0.502 per share.
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
UnitedHealth (UNH) is up +2.66% year-to-date.
Financial Calendar
0830 ET Weekly initial unemployment claims expected +11,000 to 245,000, previous -12,000 to 234,000. Weekly continuing claims expected -23,000 to 2.055 million, previous +15,000 to 2.078 million.
0830 ET Jan housing starts expected unch at 1.226 million, Dec +11.3% to 1.226 million. Jan building permits expected +0.2% to 1.230 million, Dec +1.3% to 1.228 million.
0830 ET Feb Philadelphia Fed business outlook survey expected -5.6 to 18.0, Jan +3.9 to 23.6.
0830 ET USDA weekly Export Sales.
1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $16 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Feb 21-23.