There are no Dow stocks at 52 week highs. Dow stock 52 week lows include Coca Cola (KO) and Procter & Gamble (PG).
The Market
Premarket today, the Dow was indicated to open up +48 points.
Wednesday the Dow was up +59.70 (+0.25%) at 24.083.83.
Year-to-date the Dow is down -2.57%.
There were 13 Dow stocks up Wednesday.
The Dow stock winners Wednesday were led by Boeing (BA) +4.19% and Disney (DIS) +1.70%.
The Dow stock losers Wednesday were led by General Electric (GE) -4.29% and American Express (AXP) -1.65%.
Boeing (BA +4.19%) was upgraded to ‘Buy’ from ‘Hold’ at Vertical Research Partners with a price target of $396.
Visa (V -0.05%) gained nearly 2% in after-hours trading after it reported Q2 adjusted EPS of $1.11, above consensus of $1.02.
Unemployment insurance weekly claims in the week ending April 21, the advance figure for seasonally adjusted initial claims was 209,000, a decrease of 24,000 from the previous week’s revised level. This is the lowest level for initial claims since December 6, 1969 when it was 202,000. The previous week’s level was revised up by 1,000 from 232,000 to 233,000. The 4-week moving average was 229,250, a decrease of 2,250 from the previous week’s revised average. The previous week’s average was revised up by 250 from 231,250 to 231,500. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending April 14, unchanged from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 14 was 1,837,000, a decrease of 29,000 from the previous week’s revised level. The previous week’s level was revised up 3,000 from 1,863,000 to 1,866,000. The 4-week moving average was 1,849,750, a decrease of 9,750 from the previous week’s revised average. This is the lowest level for this average since January 5, 1974 when it was 1,838,500. The previous week’s average was revised up by 750 from 1,858,750 to 1,859,500.
European stocks are higher and Asian markets ended mostly lower.
The national average price of gasoline is up 1 cent at $2.792 per gallon.
Earnings Reports.
Nike (NKE) reported earnings on 3/22/2018 after the market close of $-0.57, missing estimates calling for $0.555 per share.
JPMorgan (JPM) reported earnings on 4/13/2018 before the market open of $2.37, missing estimates calling for $2.92 per share.
Goldman Sachs (GS) reported earnings on 4/17/2018 before the market open of $6.95, beating estimates of $5.75 per share.
Johnson & Johnson (JNJ) reported earnings on 4/17/2018 before the market open of $2.06, beating estimates of $2.029 per share.
UnitedHealth (UNH) reports earnings on 4/17/2018 before the market open of $3.04, beating estimates of $2.968 per share.
IBM (IBM) reported earnings on 4/17/2018 after the market close of $2.45, beating estimates of 2.415 per share.
American Express (AXP) reported earnings on 4/18/2018 after the market close of $1.86, beating estimates of $1.747 per share.
General Electric (GE) reported earnings on 4/20/2018 before the market open of $0.16, beating estimates calling for $0.12 per share.
Procter & Gamble (PG) reported earnings on 4/20/2018 before the market open of $1.00 on expectations of $1.002 per share.
Caterpillar (CAT) reported earnings on 4/24/2018 before the market open of $2.82, beating estimates of $2.169 per share.
Coca Cola (KO) reported earnings on 4/24/2018 before the market open of $0.47, beating estimates of $0.464 per share.
3M (MMM) reported earnings on 4/24/2018 before the market open of $2.50, beating estimates of $2.525 per share.
United Technologies (UTX) reported earnings on 4/24/2018 before the market open of $1.77, beating estimates of $1.544 per share.
Verizon (VZ) reported earnings on 4/24/2018 before the market open of $1.17, beating estimates of $1.107 per share.
Boeing (BA) reported earnings on 4/25/2018 before the market open of $3.64, beating estimates calling for $2.637 per share.
Visa (V) reports earnings on 4/25/2018 after the market close.
Intel (INTC) reports earnings on 4/26/2018 after the market close.
Microsoft (MSFT) reports earnings on 4/26/2018 after the market close.
Chevron (CVX) reports earnings on 4/27/2018 before the market open.
Exxon Mobil (XOM) reports earnings on 4/27/2018 before the market open.
McDonald’s (MCD) reports earnings on 4/30/2018 before the market open.
Merck (MRK) reports earnings on 5/1/2018 before the market open.
Pfizer (PFE) reports earnings on 5/1/2018 before the market open.
Apple (AAPL) reports earnings on 5/1/2018 after the market close.
Dow DuPont (DWDP) reports earnings on 5/3/2018 before the market open.
Disney (DIS) reports earnings on 5/8/2018 after the market close.
Today’s Featured Dow Stock
Wal-Mart (WMT) is down -11.67% year-to-date.
Financial Calendar
12:30 Cap Goods Ship Non Defense Ex Air (MoM), 0.4%, 1.4%
12:30 Continuing Jobless Claims, 1,850K, 1,863K
12:30 Core Durable Goods Orders (MoM) (Mar), 0.5%, 1.0%
12:30 Durable Goods Orders (MoM) (Mar), 1.6%, 3.0%
12:30 Durables Excluding Defense (MoM) (Mar), 1.1%, 2.5%
12:30 Goods Orders Non Defense Ex Air (MoM) (Mar), 0.6%, 1.4%
12:30 Goods Trade Balance (Mar), -74.80B, -75.88B
12:30 Initial Jobless Claims, 230K, 232K
12:30 Jobless Claims 4-Week Avg., 231.25K
12:30 Wholesale Inventories (MoM), 0.6%, 1.0%
13:45 Bloomberg Consumer Confidence, 58.1
14:30 Natural Gas Storage, -12B, -36B
15:00 KC Fed Composite Index (Apr), 17, 17
15:00 KC Fed Manufacturing Index (Apr), 20
17:00 7-Year Note Auction, 2.720%