The Dow Market Happenings For Thursday, August 17, 2017

Dow stocks at 52 week highs include Apple (AAPL), American Express (AXP), Procter & Gamble, Travelers (TRV) and Visa (V). Dow stock 52 week lows include General Electric (GE) and Exxon Mobil (XOM).

The Market

Premarket today, the Dow was indicated to open down -61 points.

Wednesday the Dow was up +25.88 (+0.12%) at 22,024.87.

Year-to-date the Dow is up +11.45%.

There were 18 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Unted Technologies (UTX) +2.38% and Home Depot (HD) +1.39%.

The Dow stock losers Wednesday were led by Goldman Sachs (GS) -0.87% and Exxon Mobil (XOM) -0.73%.

Cisco Systems (CSCO +0.78%) slid nearly 2% in after-hours trading after it predicted Q1 net income will be 48 cents-53 cents, the midpoint below consensus of 52 cents.

Wal-Mart (WMT +0.26%) fell 2% in premarket trading after it said it sees full-year adjusted EPS of $4.30-$4.40, the midpoint below consensus of $4.39.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down three-tenths of a cent at $2.344 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/29/17 after the market close of $0.60, beating estimates calling for $0.512 per share.

JPMorgan (JPM) reported earnings on 7/14/17 before the market open of $1.82, beating estimates calling for $1.62 per share.

Goldman Sachs (GS) reported earnings on 7/18/17 before the market open of $3.95, beating estimates calling for $3.71 per share.

Johnson & Johnson (JNJ) reported earnings on 7/18/17 before the market open of $1.83, meeting estimates calling for $1.827 per share.

UnitedHealth (UNH) reported earnings on 7/18/17 before the market open of $2.46, beating estimates of $2.398 per share.

IBM (IBM) reported earnings on 7/18/17 after the market close of $2.97, beating estimates calling for $2.758 per share.

American Express (AXP) reported earnings on 7/19/17 after the market close of $1.47, meeting estimates of $1.47 per share..

Travelers (TRV) reported earnings on 7/20/2017 before the market open of $2.11, missing estimates calling for $2.212 per share.

Microsoft (MSFT) reported earnings on 7/20/2017 after the market close of $0.98, beating estimates calling for $0.736 per share.

Visa (V) reported earnings on 7/20/2017 after the market close of $0.86, beating estimates of $0.843 per share.

General Electric (GE) reported earnings on 7/21/2017 before the market open of $0.28, missing estimates calling for $0.532 per share.

Caterpillar (CAT) reported earnings on 7/25/2017 before the market open of$1.49, beating estimates calling for $1.262 per share.

Dupont (DD) reported earnings on 7/25/2017 before the market open of $1.38, beating estimates calling for $1.341 per share.

McDonald’s (MCD) reported earnings on 7/25/2017 before the market open of $1.70, beating estimates of $1.66 per share.

3M (MMM) reported earnings on 7/25/2017 before the market open of $2.58, beating estimates calling for $2.504 per share.

United Technologies (UTX) reported earnings on 7/25/2017 before the market open of $1.85, beating estimates of $1.804 per share.

Coca Cola (KO) reported earnings on 7/26/2017 before the market open of $0.59, beating estimates calling for $0.576 per share.

Boeing (BA) reported earnings on 7/26/2017 before the market open of $2.55, beating estimates of $2.383 per share.

Procter & Gamble reported earnings on 7/27/2017 before the market open of $0.85, beating estimates of $0.789 per share.

Verizon (VZ) reported earnings on 7/27/2017 before the market open of $0.96, meeting expectations for $0.961 per share.

Intel (INTC) reported earnings on 7/27/2017 after the market close of $0.72, beating expectations for $0.692 per share.

Chevron (CVX) reported earnings on 7/28/2017 before the market open of $0.77, missing estimates calling for $0.977 per share.

Exxon Mobil (XOM) reported earnings on 7/28/2017 before the market open of $0.78, missing estimates calling for $0.881 per share.

Merck (MRK) reported earnings on 7/28/2017 before the market open of $1.01, beating estimates calling for $0.879 per share.

Pfizer (PFE) reported earnings on 8/1/2017 before the market open of $0.67, beating estimates calling for $0.659 per share.

Apple (AAPL) reported earnings on 8/1/2017 after the market close of $1.67, beating estimates of $1.607 per share.

Disney (DIS) reported earnings on 8/8/2017 after the market close of $1.58, just beating estimates calling for $1.571 per share.

Home Depot (HD) reported earnings on 8/15/2017 before the market open of $2.25, missing estimates calling for $2.237 per share.

Cisco (CSCO) reported earnings on 8/16/2017 after the market close of $0.61, missing estimates calling for $0.624 per share.

Wal-Mart (WMT) reports earnings on 8/17/2017 before the market open.

Today’s Featured Dow Stock

Apple (AAPL)

Apple (AAPL) is up +38.97% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -4,000 to 240,000, previous +3,000 to 244,000. Weekly continuing claims expected +4,000 to 1.955 million, previous -16,000 to 1.951 million.

0830 ET Aug Philadelphia Fed business outlook survey general conditions expected -1.5 to 18.0, Jul -8.1 to 19.5.

0830 ET USDA weekly Export Sales.

0915 ET Jul industrial production expected +0.3%, Jun +0.4%. Jul manufacturing production expected +0.2%, Jun +0.2%. Jul capacity utilization expected +0.1 to 76.7%, Jun +0.2 to 76.6%.

1000 ET Jul leading indicators expected +0.3%, Jun +0.6%.

1100 ET Treasury announces amount of 2-year floating-rate notes (previous $17 billion) to be auctioned Aug 23 and 5-year TIPS to be auctioned Aug 24 (previous $16 billion).

1300 ET Dallas Fed President Robert Kaplan speaks to the Lubbock Chamber of Commerce. Text: No Q&A.

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