The Dow Market Happenings For Monday, May 1, 2017

Dow stocks at 52 week highs include 3M (MMM), Microsoft (MSFT) and United Technologies (UTX). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +33 points.

Friday the Dow was down -40.82 (-0.19%) at 20,940.51.

Year-to-date the Dow is up +5.96%.

There were 9 Dow stocks up Friday.

The Dow stock winners Friday were led by Chevron (CVX) +1.17% and Cisco (CSCO) +0.95%.

The Dow stock losers Friday were led by Intel (INTC) -3.42% and Verizon (VZ) -1.63%.

A deal has been struck in Congress to fund the government for the rest of the current fiscal year thereby moving one step closer to avoiding a partial shutdown at the end of this week.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down three-tenths of a cent at $2.385 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 3/21/2017 after the market close of $0.68, beating estimates calling for $0.524 per share.

JPMorgan (JPM) reported earnings on 4/13/2017 before the market open of $1.65, beating estimates calling for $1.512 per share.

Johnson & Johnson (JNJ) reported earnings on 4/18/2017 before the market open of $1.83, beating estimates of $1.767 per share.

Goldman Sachs (GS) reported earnings on 4/18/2017 before the market open of $5.15, missing estimates calling for $5.34 per share.

UnitedHealth (UNH) reported earnings on 4/18/2017 before the market open of $2.37, beating estimates of $2.18 per share.

IBM (IBM) reported earnings on 4/18/2017 after the market close of $2.38, beating estimates calling for $2.341 per share.

American Express (AXP) reported earnings on 4/19/2017 after the market close of $1.34, beating estimates calling for $1.276 per share.

Travelers (TRV) reported earnings on 4/20/2017 before the market open of $2.16, missing estimates calling for $2.409 per share.

Verizon (VZ) reported earnings on 4/20/2017 before the market open of $0.95, missing estimates calling for $0.977 per share.

Visa (V) reported earnings on 4/20/2017 after the market close of $0.86, beating estimates calling for $0.789 per share.

General Electric (GE) reported earnings on 4/21/2017 before the market open of $0.21, beating estimates calling for $0.17 per share.

3M (MMM) reported earnings on 4/25/2017 before the market open$2.16, beating estimates calling for $2.069 per share.

Caterpillar (CAT) reported earnings on 4/25/2017 before the market open of $1.28, smashing estimates calling for $0.618 per share.

Dupont (DD) reported earnings on 4/25/2017 before the market open of $1.64, beating estimates of $1.383 per share.

Coca Cola (KO) reported earnings on 4/25/2017 before the market open of $0.43, missing estimates calling for $0.438 per share.

McDonald’s (MCD) reported earnings on 4/25/2017 before the market open of $1.47, beating estimates calling for $1.318 per share.

Boeing (BA) reported earnings on 4/26/2017 before the market open of $2.01, beating estimates of $1.914 per share.

United Technologies (UTX) reported earnings on 4/26/2017 before the market open of $1.48, beating estimates calling for $1.387 per share.

Procter & Gamble (PG) reported earnings on 4/26/2017 before the market open of $0.96, beating estimates of $0.936 per share.

Intel (INTC) reported earnings on 4/27/2017 after the market close of $0.66, missing estimates calling for $0.672 per share.

Microsoft (MSFT) reported earnings on 4/27/2017 after the market close of $0.73, beating estimates calling for $0.719 per share.

Exxon Mobil (XOM) reported earnings on 4/28/2017 before the market open of $0.95, beating estimates calling for $0.909 per share.

Chevron (CVX) reported earnings on 4/28/2017 before the market open of $1.41, smashing estimates of $0.869 per share.

Merck (MRK) reports earnings on 5/2/2017 before the market open.

Pfizer (PFE) reports earnings on 5/2/2017 before the market open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) is up +0.82% year-to-date.

Financial Calendar

0830 ET Mar personal spending expected +0.2%, Feb +0.1%. Mar personal income expected +0.3%, Feb +0.4%.

0830 ET Mar PCE deflator expected -0.2% m/m and +1.9% y/y, Feb +0.1% m/m and +2.1% y/y. Mar core PCE deflator expected -0.1% m/m and +1.6% y/y, Feb +0.2% and +1.8% y/y.

0945 ET Final-Apr Markit manufacturing PMI expected unch at 52.8, prelim-Apr -0.5 to 52.8.

1000 ET Apr ISM manufacturing index expected -0.7 to 56.5, Mar -0.5 to 57.2. Apr ISM new orders sub-index, Mar -0.6 to 64.5. Apr ISM employment sub-index, Mar +4.7 to 58.9. Apr ISM prices paid sub-index expected -3.0 to 67.5, Mar +2.5 to 70.5.

1000 ET Mar construction spending expected +0.5%, Feb +0.8%.

1100 ET USDA weekly grain export inspections.

1600 ET USDA crop conditions and planting progress.

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