DJIA Market Happenings For Wednesday, May 2, 2018

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include 3M (MMM) and Procter & Gamble (PG).

The Market

Premarket today, the Dow was indicated to open down -49 points.

Tuesday the Dow was down -64.10 (-0.27%) at 24,099.05.

Year-to-date the Dow is down -2.51%.

There were 9 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Intel (INTC) +3.31% and Apple (AAPL) +2.32%.

The Dow stock losers Tuesday were led by Pfizer (PFE) -3.31% and McDonald’s (MCD) -2.39%.

Fed rate decision today at 11:00 PDT.

Apple (AAPL +2.32%) rose 3% in premarket trading after it reported Q2 revenue of $61.1 billion, higher than consensus of $60.9 billion, and forecast Q3 revenue of $51.5 billion to $53.5 billion, better than consensus of $51.4 billion.

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is up three-tenths of a cent at $2.814 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) reported earnings on 4/25/2018 after the market close of $1.11, beating estimates of $1.058 per share.

Intel (INTC) reported earnings on 4/26/2018 after the market close of $0.87, beating estimates of $0.765 per share.

Microsoft (MSFT) reported earnings on 4/26/2018 after the market close of $0.95, beating estimates of $0.892 per share.

Chevron (CVX) reported earnings on 4/27/2018 before the market open of $1.90, beating estimates of $1.423 per share.

Exxon Mobil (XOM) reported earnings on 4/27/2018 before the market open of $1.09, missing estimates calling for $1.179 per share.

McDonald’s (MCD) reported earnings on 4/30/2018 before the market open of $1.72, with estimates calling for $1.706 per share.

Merck (MRK) reported earnings on 5/1/2018 before the market open of $1.05, beating estimates calling for $1.004 per share.

Pfizer (PFE) reported earnings on 5/1/2018 before the market open of $0.77, beating estimates calling for $0.757 per share.

Apple (AAPL) reported earnings on 5/1/2018 after the market close of $2.73, barely beating estimates calling for $2.729 per share.

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

Boeing (BA)

Boeing (BA) is up +11.74% year-to-date.

Financial Calendar

11:00 MBA 30-Year Mortgage Rate, 4.80%, 4.73%

11:00 MBA Mortgage Applications (WoW), -2.5%, -0.2%

11:00 MBA Purchase Index, 258.1, 262.4

11:00 Mortgage Market Index, 388.6, 398.5

11:00 Mortgage Refinance Index, 1,104.9, 1,145.5

12:15 ADP Nonfarm Employment Change (Apr), 204K, 200K, 228K

35 min ISM – NY Business Conditions (Apr), 772.1

14:30 Crude Oil Inventories, 0.739M, 2.170M

14:30 Crude Oil Imports, -0.043M

14:30 Cushing Crude Oil Inventories, 0.459M

14:30 Distillate Fuel Production, -0.117M

14:30 EIA Weekly Distillates Stocks, -1.360M, -2.611M

14:30 Gasoline Production, -0.318M

14:30 Heating Oil Stockpiles, -0.754M

14:30 Gasoline Inventories , -0.587M, 0.840M

18:00 FOMC Statement

18:00 Fed Interest Rate Decision, 1.75%, 1.75%

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