DJIA Market Happenings For Monday, May 15, 2017

Dow stocks at 52 week highs include Apple (AAPL) and McDonald’s (MCD). Dow stock 52 week lows include General Electric (GE).

The Market

Premarket today, the Dow was indicated to open up +50 points.

Friday the Dow was down -22.81 (-0.11%) at 20,896.61.

Year-to-date the Dow is up +5.74%.

There were 9 Dow stocks up Friday.

The Dow stock winners Friday were led by Apple (APPL) +1.40% and McDonald’s (MCD) +0.80%.

The Dow stock losers Friday were led by General Electric (GE) -2.08% and Merck (MRK) -1.33%.

Cisco (CSCO -0.54%) climbed nearly 2% in premarket trading after it was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Morgan Stanley with a price target of $39.

Johnson & Johnson (JNJ +0.36%) was upgraded to ‘Overweight’ from ‘Neutral’ at JP Morgan Chase with a price target of $140.

Apple (AAPL) announces plan to invest $200 million into Corning to spur U.S. manufacturing jobs are further indication of the company’s plans to add wireless charging and augmented reality features to future iPhones, according to analysts. Apple is estimated to account for about 5 percent of Corning’s business.

European stocks are mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is unchanged at $2.338 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) reported earnings on 5/2/2017 before the market open of $0.88, beating estimates of $0.847 per share.

Pfizer (PFE) reported earnings on 5/2/2017 before the market open of $0.69, barely beating estimates calling for $0.6819 per share.

Apple (AAPL) reported earnings on 5/2/2017 after the market close of $2.10, beating estimates calling for $2.060395 per share.

Disney (DIS) reported earnings on 5/9/2017 after the market close of $1.50 per share.

Home Depot (HD) reports earnings on 5/16/2017 before the market open.

Cisco (CSCO) reports earnings on 5/17/2017 after the market close.

Wal-Mart (WMT) reports earnings on 5/18/2017 before the market open.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is down -14.13% year-to-date.

Financial Calendar

0830 ET May Empire manufacturing survey general business conditions expected +2.1 to 7.3, Apr -11.2 to 5.2.

1000 ET May NAHB housing market index expected unch at 68, Apr -3 to 68.

1100 ET USDA weekly grain export inspections.

1600 ET USDA crop conditions and planting progress.

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