The Dow Market Happenings For Thursday, January 18, 2018

Dow stocks at 52 week highs include Boeing (BA), Cisco (CSCO), Home Depot (HD), Johnson & Johnson (JNJ), 3M (MMM), Pfizer (PFE), UnitedHealth (UNH), United Technologies (UTX), Visa (V), Wal-Mart (WMT) and Exxon Mobil (XOM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +70 points.

Wednesday the Dow was up +322.79 (+1.25%) at 26,115.65.

Year-to-date the Dow is up +5.65%.

There were 26 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Boeing (BA) +4.73% and IBM (IBM) +2.93%.

The Dow stock losers Wednesday were led by General Electric (GE) -4.72% and Goldman Sachs -1.86%.

Wal-Mart (WMT +2.00%) was upgraded to ‘Buy’ from ‘Neutral’ and added to the ‘Conviction List’ at Goldman Sachs with a price target of $117.

European stocks are lmostly higher and Asian markets ended higher.

The national average price of gasoline is up two-tenths of a cent at $2.536 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/21/17 after the market close of $0.46, beating estimates of $0.437 per share.

JPMorgan (JPM) reported earnings on 1/12/2018 before the market open of $1.07, missing estimates calling for $1.726 per share.

UnitedHealth (UNH) reported earnings on 1/16/2018 before the market open of $2.59, beating estimates of $2.559 per share.

Goldman Sachs (GS) reported earnings on 1/17/2018 before the market open of -$5.51 (includes tax loss), missing estimates calling for $5.064 per share.

American Express (AXP) reports earnings on 1/18/2017 after the market close.

IBM (IBM) reports earnings on 1/18/2018 after the market close.

Johnson & Johnson (JNJ) reports earnings on 1/23/2018 at an unspecified time.

Procter & Gamble reports earnings on 1/23/2018 before the market open.

Verizon (VZ) reports earnings on 1/23/2018 at an unspecified time.

Travelers (TRV) reports earnings on 1/23/2018 before the market open.

General Electric (GE) reports earnings on 1/24/2018 before the market open.

United Technologies (UTX) reports earnings on 1/24/2018 before the market open.

Caterpillar (CAT) reports earnings on 1/25/2018 before the market open.

Intel (INTC) reports earnings on 1/25/2018 after the market close.

3M (MMM) reports earnings on 1/25/2018 at an unspecified time.

Pfizer (PFE) reports earnings on 1/30/2018 before the market open.

McDonald’s (MCD) reports earnings on 1/30/2018 at an unspecified time.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) is up +2.01% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected -12,000 to 249,000, previous +11,000 to 261,000. Weekly continuing claims expected +33,000 to 1.900 million, previous -35,000 to 1.867 million.

0830 ET Dec housing starts expected -1.7% m/m to 1.275 million, Nov +3.3% to 1.297 million. Dec building permits expected -0.6% m/m to 1.295 million, Nov -1.0% to 1.303 million.

0830 ET Jan Philadelphia Fed business outlook survey expected -3.1 to 24.8, Dec +3.6 to 27.9.

1100 ET EIA weekly Petroleum Status Report.

1100 ET Treasury announces amount of 2-year T-notes (previous $26 billion), 2-year floating-rate notes (previous $13 billion), 5-year T-notes (previous $34 billion) and 7-year T-notes (previous $28 billion) to be auctioned Jan 23-25.

1300 ET Treasury auctions $13 billion of 10-year TIPS.

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