The Dow Market Happenings For Friday, May 18, 2018

Dow stocks at 52 week highs include Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -15 points.

Thursday the Dow was down -54.95 (-0.22%) at 24,713.98.

Year-to-date the Dow is down -0.02%.

There were 12 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Coca Cola (KO) +1.81% and Boeing (BA) +0.93%.

The Dow stock losers Thursday were led by Cisco (CSCO) -3.76% and Wal-Mart (WMT) -1.90%. Both are down on their recent earnings reports. See the earnings section below.

US crude futures hit their highest levels since late 2014 on Friday, trading at $71.60 per barrel. Prices of Brent crude, the international benchmark, topped $80 per barrel Thursday.

European stocks are lower and Asian markets ended higher.

The national average price of gasoline is up 1.2 of a cents at $2.914 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) reported earnings on 5/16/2018 after the market close of $0.66, essentially meeting estimates calling for $0.664 per share.

Wal-Mart (WMT) reported earnings on 5/17/2018 before the market open of $1.14, meeting estimates calling for $1.142 per share.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) is up +18.74% year-to-date.

Financial Calendar

07:00 FOMC Member Mester Speaks

13:15 FOMC Member Brainard Speaks

13:15 FOMC Member Kaplan Speaks

14:30 ECRI Weekly Annualized (WoW), 4.5%

14:30 ECRI Weekly Index, 149.3

17:00 U.S. Baker Hughes Oil Rig Count, 844

19:30 CFTC Copper speculative net positions, 33.5K

19:30 CFTC Crude Oil speculative net positions, 679.9K

19:30 CFTC Gold speculative net positions, 107.4K

19:30 CFTC S&P 500 speculative net positions, 162.4K

19:30 CFTC Silver speculative net positions, -0.1K

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