Dow stocks at 52 week highs include Procter & Gamble (PG) and Walgreens (WBA). Dow stock 52 week lows include Goldman Sachs (GS).
The Market
Premarket today, the Dow was indicated to open down -90 points.
Wednesday the Dow was down -205.99 (-0.81%) at 25,080.50.
Year-to-date the Dow is up +1.46%.
There were 5 Dow stocks up Wednesday.
The Dow stock winners Wednesday were led by Home Depot (HD) +0.50%, Verizon (VZ) +0.48% and Chevron (CVX) +0.32%.
The Dow stock losers Wednesday were led by Travelers (TRV) -2.97%, Apple (AAPL) -2.82% and JPMorgan (JPM) -2.06%.
Cisco Systems (CSCO -1.75%) rose 3% in after-hours trading after it reported Q1 revenue of $13.07 billion, above consensus of $12.87 billion, and then forecast Q2 revenue of 5% to 7%, the midpoint above consensus of 5.5%.
JPMorgan Chase (JPM -2.06%) gained over 1% in after-hours trading after Berkshire Hathaway added 35.7 million shares of JPM to its investments in Q3.
Visa (V -0.16%) was rated a new ‘Overweight’ at Barclays with a price target of $170.
WalMart (WMT -1.37%) is up more than 1% in premarket trading after it reported Q3 U.S. comparable sales ex-fuel rose +3.4%, better than consensus of +2.9%.
European stocks are mostly higher and Asian markets ended mostly higher.
The national average price of gasoline is down 1.1 cents at $2.666 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.
Procter & Gamble (PG) reported earnings on 10/19/2018 before the market open of $1.12,meeting expectations of $1.116 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) reported earnings on 10/23/2018 before the market open of $2.10, beating estimates of $2.012 per share.
3M (MMM) reported earnings on 10/23/2018 before the market open of $2.58, missing estimates of $2.726 per share.
United Technologies (UTX) reported earnings on 10/23/2018 before the market open of $1.93, beating estimates calling for $1.861 per share.
Verizon (VZ) reported earnings on 10/23/2018 before the market open of $1.22, beating estimates of $1.211 per share.
Boeing (BA) reported earnings on 10/24/2018 before the market open of $3.58, beating estimates calling for $3.513 per share.
Microsoft (MSFT) reported earnings on 10/24/2018 after the market close of $1.14, beating estimates of $1.007 per share.
Visa (V) reported earnings on 10/24/2018 after the market close of $1.21, missing estimates calling for $1.244 per share.
Merck (MRK) reported earnings on 10/25/2018 before the market open of $1.19, beating estimates calling for $1.167 per share.
Intel (INTC) reported earnings on 10/25/2018 after the market close of $1.40, beating estimates of $1.19 per share.
Coca Cola (KO) reported earnings on 10/30/2018 before the market open of $0.58, beating estimates of $0.559 per share.
Pfizer (PFE) reported earnings on 10/30/2018 before the market open of $0.78, meeting estimates of $0.782 per share.
Apple (AAPL) reported earnings on 11/1/2018 after the market close of $2.91, beating estimates calling for $2.838 per share.
Chevron (CVX) reported earnings on 11/2/2018 after the market close of $2.11, beating estimates of $2.083 per share.
Exxon Mobil (XOM) reported earnings on 11/2/2018 after the market close of $1.46, beating estimates of $1.199 per share.
Disney (DIS) reported earnings on 11/8/2018 after the market close of $1.48, beating estimates calling for $1.348 per share.
Home Depot (HD) reports earnings on 11/13/2018 before the market open of $2.51, beating estimates calling for $2.327 per share.
Cisco (CSCO) reported earnings on 11/14/2018 after the market close of $0.75, beating estimates of $0.732 per share.
Walmart (WMT) reports earnings on 11/15/2018 before the market open.
Today’s Featured Dow Stock
Johnson & Johnson (JNJ) is up +2.48% year-to-date.
Financial Calendar
13:30 Continuing Jobless Claims, 1,630K, 1,623K
13:30 Core Retail Sales (MoM) (Oct), 0.5%, -0.1%
13:30 Export Price Index (MoM) (Oct), 0.1%, -0.2%
13:30 Import Price Index (MoM) (Oct), 0.1%, 0.5%
13:30 Initial Jobless Claims, 216K, 214K
13:30 Jobless Claims 4-Week Avg., 213.75K
13:30 NY Empire State Manufacturing Index (Nov), 19.30, 21.10
13:30 Philadelphia Fed Manufacturing Index (Nov), 20.7, 22.2
13:30 Philly Fed Business Conditions (Nov), 33.8
13:30 Philly Fed CAPEX Index (Nov), 25.20
13:30 Philly Fed Employment (Nov), 19.5
13:30 Philly Fed New Orders (Nov), 19.3
13:30 Philly Fed Prices Paid (Nov), 38.20
13:30 Retail Control (MoM) (Oct), 0.4%, 0.5%
13:30 Retail Sales (MoM) (Oct), 0.6%, 0.1%
13:30 Retail Sales Ex Gas/Autos (MoM) (Oct), 0.4%, 0.1%
15:00 Business Inventories (MoM) (Sep), 0.3%, 0.5%
15:00 FOMC Member Quarles Speaks
15:30 Natural Gas Storage, 33B, 65B
16:00 Crude Oil Inventories, 3.182M, 5.783M
16:00 Crude Oil Imports, 0.275M
16:00 Cushing Crude Oil Inventories, 2.419M
16:00 Distillate Fuel Production, -0.020M
16:00 EIA Weekly Distillates Stocks, -1.741M, -3.465M
16:00 Gasoline Production, -0.650M
16:00 Heating Oil Stockpiles, -0.178M
16:00 Gasoline Inventories, -1.479M, 1.852M
16:30 Fed Chair Powell Speaks
18:00 FOMC Member Bostic Speaks
20:00 FOMC Member Kashkari Speaks