The Dow Market Happenings For Friday, October 19, 2018

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

The Market

Premarket today, the Dow was indicated to open up +105 points.

Thursday the Dow was down -327.23 (-1.27%) at 25,379.45.

Year-to-date the Dow is up +2.67%.

There were 6 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Verizon (VZ) +1.28%, Merck (MRK) +0.54% and Exxon Mobil (XOM) +0.43%.

The Dow stock losers Thursday were led by IBM (IBM) -2.61%, Home Depot (HD) -2.55% and Apple (AAPL) +2.34%.

American Express (AXP -1.44%) gained 1% in after-hours trading after it reported Q3 EPS of $1.88, stronger than consensus of $1.77, and then forecast full-year adjusted EPS of $7.30 to $7.40, above consensus of $7.29.

McDonald’s (MCD +0.02%) was rated a new ‘Buy’ at Gordon Haskett with a price target of $185.

Microsoft (MSFT -2.00%) was rated a new ‘Outperform’ at Wedbush with a price target of $140.

Walt Disney (DIS -0.81%) was upgraded to ‘Overweight’ from ‘Equal-Weight’ at Barclays with a price target of $130.

European stocks are mostly lower and Asian markets ended lower.

The national average price of gasoline is down six-tenths of a cent at $2.866 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 9/25/2018 after the market close of $0.67, just beating estimates calling for $0.657 per share.

Walgreens (WBA) reported earnings on 10/11/18 before the market open of $1.48, barely beating estimates of $1.471 per share.

JPMorgan (JPM) reported earnings on 10/12/18 before the market open of $2.36, beating estimates calling for $2.26 per share.

Goldman Sachs (GS) reported earnings on 10/16/18 before the market open of $6.28, beating estimates of $5.695 per share.

IBM (IBM) reported earnings on 10/16/18 after the market close of $3.42, missing estimates of $3.434 per share.

Johnson & Johnson (JNJ) reported earnings on 10/16/18 before the market open of $2.05, missing estimates calling for $2.061 per share.

UnitedHealth (UNH) reported earnings on 10/16/18 before the market open of $3.41, beating estimates of $3.356 per share.

Travelers (TRV) reported earnings on 10/19/18 before the market open of $2.54, beating estimates calling for $2.19 per share.

American Express (AXP) reported earnings on 10/18/18 after the market close of $1.88,beating estimates of $1.808 per share.

McDonald’s (MCD) reports earnings on 10/23/2018 before the market open.

3M (MMM) reports earnings on 10/23/2018 before the market open.

United Technologies (UTX) reports earnings on 10/23/2018 before the market open.

Verizon (VZ) reports earnings on 10/23/2018 before the market open.

Boeing (BA) reports earnings on 10/24/2018 before the market open.

Microsoft (MSFT) reports earnings on 10/24/2018 after the market close.

Visa (V) reports earnings on 10/24/2018 after the market close.

Merck (MRK) reports earnings on 10/25/2018 before the market open.

Visa (V) reports earnings on 10/25/2018 after the market close.

Coca Cola (KO) reports earnings on 10/30/2018 before the market open.

Pfizer (PFE) reports earnings on 10/30/2018 before the market open.

Intel (INTC) reports earnings on 11/1/2018 after the market close.

Chevron (CVX) reports earnings on 11/2/2018 after the market close.

Exxon Mobil (XOM) reports earnings on 11/2/2018 after the market close.

Disney (DIS) reports earnings on 11/8/2018 after the market close.

Home Depot (HD) reports earnings on 11/13/2018 before the market open.

Cisco (CSCO) reports earnings on 11/14/2018 after the market close.

Walmart (WMT) reports earnings on 11/15/2018 before the market open.

Today’s Featured Dow Stock

Walmart (WMT)

Walmart (WMT) is down -2.61% year-to-date.

Financial Calendar

13:00 FOMC Member Kaplan Speaks

14:00 Existing Home Sales (MoM) (Sep), -0.7%, 0.0%

14:00 Existing Home Sales (Sep), 5.30M, 5.34M

16:00 FOMC Member Bostic Speaks

17:00 U.S. Baker Hughes Oil Rig Count, 869

19:30 CFTC Copper speculative net positions, 8.2K

19:30 CFTC Crude Oil speculative net positions, 528.1K

19:30 CFTC Gold speculative net positions, -38.2K

19:30 CFTC S&P 500 speculative net positions, 255.8K

19:30 CFTC Silver speculative net positions, -22.3K

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