The Dow Market Happenings For Thursday, April 27, 2017

Dow stocks at 52 week highs include Caterpillar (CAT), Disney (DIS), Home Depot (HD), McDonald’s (MCD), 3M (MMM), Microsoft (MSFT), UnitedHealth (UNH), United Technologies (UTX) and Wal-Mart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +37 points.

Wednesday the Dow was up +232.23 (+1.12%) at 20,996.12.

Year-to-date the Dow is up +6.14%.

There were 14 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Verizon (VZ) +1.41% and United Technologies (UTX) +1.14%.

The Dow stock losers Wednesday were led by Procter & Gamble (PG) -2.51% and Boeing (BA) -0.98%.

McDonald’s (MCD -0.61%) was upgraded to ‘Buy’ from ‘Hold’ at Argus with a price target of $158.

Intel (INTC) and Microsoft (MSFT) report after the close today.

Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 257,000 for the week ended April 22. Data for the prior week was revised to show 1,000 fewer applications received than previously reported. Economists had forecast first-time applications for jobless benefits rising to 245,000 last week.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is down five-tenths of a cent at $2.403 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) reports earnings on 4/27/2017 after the market close.

Microsoft (MSFT) reports earnings on 4/27/2017 after the market close.

Exxon Mobil (XOM) reports earnings on 4/28/2017 before the market open.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) is up +1.82% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +1,000 to 245,000, previous +10,000 to 244,000. Weekly continuing claims expected +28,000 to 2.007 million, previous -49,000 to 1.979 million.

0830 ET Mar durable goods orders expected +1.3% and +0.4% ex transportation, Feb +1.8% and +0.5% ex transportation. Mar capital goods new orders non-defense ex aircraft & parts expected +0.5%, Feb -0.1%.

0830 ET Mar wholesale inventories expected +0.3% m/m, Feb +0.4% m/m. Mar retail inventories, Feb +0.4% m/m.

0830 ET USDA weekly Export Sales.

1000 ET Mar pending home sales expected -1.0% m/m, Feb +5.5% m/m and -2.4% y/y.

1100 ET Apr Kansas City Fed manufacturing activity expected -3 to 17, Mar +6 to 20.

1300 ET Treasury auctions $28 billion 7-year T-notes.

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