The Dow Market Happenings For Wednesday, May 16, 2018

There are no Dow stocks at 52 week highs. Dow stock 52 week lows include Coca Cola (KO).

The Market

Premarket today, the Dow was indicated to open down -29 points.

Tuesday the Dow was down -193.00 (-0.78%) at 24,706.41.

Year-to-date the Dow is down -0.05%.

There were 3 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Nike (NKE) +0.96% and Disney (DIS) +0.47%.

The Dow stock losers Tuesday were led by Intel (INTC) -1.79% and Caterpillar (CAT) -1.73%.

Cisco (CSCO) reports earnings after the close today.

European stocks are higher and Asian markets ended lower.

The national average price of gasoline is up 1.2 of a cents at $2.891 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) reported earnings on 5/3/2018 before the market open of $1.12 per share.

Disney (DIS) reported earnings on 5/8/2018 after the market close of $1.84, beating estimates calling for $1.73 per share.

Home Depot (HD) reported earnings on 5/15/2018 before the market open of $2.08, missing estimates calling for $2.10 per share.

Cisco (CSCO) reports earnings on 5/16/2018 after the market close.

Wal-Mart (WMT) reports earnings on 5/17/2018 before the market open.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) is down -0.82% year-to-date.

Financial Calendar

08:00 IEA Monthly Report

11:00 MBA 30-Year Mortgage Rate, 4.77%, 4.78%

11:00 MBA Mortgage Applications (WoW), -2.7%, -0.4%

11:00 MBA Purchase Index 252.4, 257.7

11:00 Mortgage Market Index, 376.5, 387.1

11:00 Mortgage Refinance Index, 1,057.1, 1,098.4

12:30 Building Permits (MoM) (Apr), -1.8%, -2.3%, 4.1%

12:30 Building Permits (Apr), 1.352M, 1.347M, 1.377M

12:30 FOMC Member Bostic Speaks

12:30 Housing Starts (Apr), 1.287M, 1.310M, 1.336M

12:30 Housing Starts (MoM) (Apr), -3.7%, -0.7%, 3.6%

13:15 Capacity Utilization Rate (Apr), 78.0%, 78.4%, 77.6%

13:15 Industrial Production (MoM) (Apr), 0.7%, 0.5%, 0.7%

13:15 Industrial Production (YoY), 4.3%

13:15 Manufacturing Production (MoM) (Apr), 0.5%, 0.5%, 0.1%

Tentative MBA Delinquency Rates (QoQ), 5.17%

14:30 Crude Oil Inventories, -0.763M, -2.197M

14:30 Crude Oil Imports, -0.955M

14:30 Cushing Crude Oil Inventories, 1.388M

14:30 Distillate Fuel Production, -0.002M

14:30 EIA Weekly Distillates Stocks, -2.155M, -3.791M

14:30 Gasoline Production, -0.071M

14:30 Heating Oil Stockpiles, -0.208M

14:30 Gasoline Inventories, -1.421M, -2.174M

22:30 FOMC Member Bullard Speaks

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