The Dow Market Happenings For Wednesday, May 1, 2019

Dow stocks at 52 week highs include McDonald’s (MCD), Travelers (TRV) and Visa (V). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +63 points.

Tuesday the Dow was up +38.52 (+0.15%) at 26,592.91.

Year-to-date the Dow is up +14.00%.

There were 15 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Goldman Sachs (GS) +1.89%, JPMorgan (JPM) +1.44% and Walgreens (WBA) +1.34%.

The Dow stock losers Tuesday were led by Intel (INTC) -2.52%, Procter & Gamble PG) -1.02% and Pfizer (PFE) -0.95%.

The Fed two-day policy meeting ends today with news about 11:00 am PDT.

Apple (AAPL) released its fiscal second-quarter earnings Tuesday after the market close, and shares gained toward the magical $1 trillion number in after-hours trading. Apple hit an 18-month low of $142.19 on January 3. Apple’s stock has now charged its way up to $212.75 in premarket trading Wednesday.

European stocks are higher and Asian markets ended mostly lower.

The national average price of gasoline is unchanged at $2.882 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/21/2019 after the market close of $0.68, beating estimates of $0.662 per share.

Walgreens (WBA) reported earnings on 4/2/2019 before the market open of $1.64, missing estimates calling for $1.732 per share.

JPMorgan (JPM) reported earnings on 4/12/201 before the market open of $2.65, beating estimates calling for $2.337 per share.

Goldman Sachs (GS) reports earnings on 4/15/201 before the market open of $5.71, beating estimates calling for $5.243 per share.

Johnson & Johnson (JNJ) reported earnings on 4/16/201 before the market open of $2.10, beating estimates of $2.064 per share.

UnitedHealth (UNH) reported earnings on 4/16/201 before the market open of $3.73, beating estimates calling for $3.63 per share.

IBM (IBM) reported earnings on 4/16/2019 after the market close of $2.25, missing estimates of $2.271 per share.

American Express (AXP) reported earnings on 4/18/201 before the market open of $2.01, essentially meeting estimates of $2.014 per share.

Travelers (TRV) reported earnings on 4/18/201 before the market open of $2.83, beating estimates calling for $2.678 per share.

Coca Cola (KO) reported earnings on 4/23/201 before the market open of $0.48, beating estimates of $0.473 per share.

Procter & Gamble (PG) reported earnings on 4/23/201 before the market open of $1.06, meeting estimates of $1.06 per share.

United Technologies (UTX) reported earnings on 4/23/201 before the market open of $1.91, beating estimates calling for $1.825 per share.

Verizon (VZ) reported earnings on 4/23/201 after the market close of $1.20, beating estimates of $1.191 per share.

Boeing (BA) reported earnings on 4/24/201 before the market open of $3.16, missing estimates calling for $3.291 per share.

Caterpillar (CAT) reported earnings on 4/24/201 before the market open of $2.94, beating estimates of $2.856 per share.

Microsoft (MSFT) reported earnings on 4/24/2019 after the market close of $1.14, beating estimates of $1.051 per share.

Visa (V) reported earnings on 4/24/2019 after the market close of $1.31, beating estimates of $1.281 per share.

3M (MMM) reported earnings on 4/25/201 before the market open of $2.23, missing estimates calling for $2.519 per share.

Intel (INTC) reported earnings on 4/25/2019 after the market close of $0.89, missing estimates of $0.913 per share.

Chevron (CVX) reported earnings on 4/26/201 before the market open of $1.39, missing estimates of $1.421 per share.

Exxon Mobil (XOM) reported earnings on 4/26/201 before the market open of $0.55, missing estimates calling for $0.919 per share.

McDonald’s (MCD) reported earnings on 4/30/201 before the market open of $1.72, missing estimates of $1.785 per share.

Merck (MRK) reported earnings on 4/30/201 before the market open of $1.22, beating estimates of $1.075 per share.

Pfizer (PFE) reported earnings on 4/30/201 before the market open of $0.85, beating estimates of $0.782 per share.

Apple (AAPL) reported earnings on 4/30/2019 after the market close of $2.46, meeting estimates calling for $2.46 per share.

Dow (DOW) reports earnings on 5/2/2019 before the market open.

Disney (DIS) reports earnings on 5/8/2019 after the market close.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) is up +29.13% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

9:45 AM ET PMI Manufacturing Index

10:00 AM ET ISM Mfg Index

10:00 AM ET Construction Spending

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET FOMC Meeting Announcement

2:30 PM ET Fed Chair Press Conference

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