DJIA Market Happenings For Monday, April 20, 2020

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

The Market

Premarket today, the Dow was indicated to open down -488 points.

Friday the Dow was up +704.81 (+2.99%) at 24,242.49.

Year-to-date the Dow is down -15.05%.

There were 25 Dow stocks up Friday.

The Dow stock winners Friday were led by Boeing (BA) +14.72%, Exxon Mobil (XOM) +10.40% and JPMorgan (JPM) +8.99%.

The Dow stock losers Friday were UnitedHealth (UNH) -2.64%, Apple (AAPL) -1.36% and Intel (INTC) -0.71%.

U.S. oil prices are on track for their worst day on record Monday, with crude storage facilities filling rapidly as the coronavirus pandemic continues to crush demand.

Walt Disney (DIS) is suspending pay for more than 100,000 employees. The move would save the entertainment giant up to $500 million per month. Separately, UBS downgraded Disney to neutral from buy, saying the pandemic is hitting every Disney business, most especially the theme parks.

Walmart (WMT) sales jumped nearly 20% in March as consumers stockpiled household essentials amid the virus outbreak. The retail giant is also now requiring its workers to wear masks.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down three-tenths of a cent at $1.814 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 3/24/2020 after the market close of $0.53, missing estimates calling for $0.618 per share.

Walgreens (WBA) reported earnings on 4/2/2020 before the market open of $1.52, beating estimates calling for $1.479 per share.

Johnson & Johnson (JNJ) reported earnings on 4/14/20 before the market open of $2.30, beating estimates calling for $2.064 per share.

JPMorgan (JPM) reported earnings on 4/14/20 before the market open of $0.78, missing estimates calling for $2.191 per share.

Goldman Sachs (GS) reported earnings on 4/15/20 before the market open of $3.11, missing estimates calling for $3.50 per share.

UnitedHealth (UNH) reported earnings on 4/15/20 before the market open of $3.72, beating estimates calling for $3.714 per share.

Procter & Gamble (PG) reported earnings on 4/17/20 before the market open of $1.22, beating estimates calling for $1.106 per share

IBM (IBM) reports earnings on 4/20/2020 after the market close.

Coca Cola (KO) reports earnings on 4/21/20 before the market open..

Travelers (TRV) reports earnings on 4/21/20 before the market open.

Boeing (BA) reports earnings on 4/22/20 before the market open.

Visa (V) reports earnings on 4/22/2020 after the market close.

Intel (INTC) reports earnings on 4/23/2020 after the market close.

American Express (AXP) reports earnings on 4/24/20 before the market open.

Verizon (VZ) reports earnings on 4/24/20 before the market open.

3M (MMM) reports earnings on 4/28/20 before the market open.

Caterpillar (CAT) reports earnings on 4/28/20 before the market open.

Merck (MRK) reports earnings on 4/28/20 before the market open.

Pfizer (PFE) reports earnings on 4/28/20 before the market open.

Boeing (BA) reports earnings on 4/29/20 before the market open

Microsoft (MSFT) reports earnings on 4/29/2020 after the market close.

Visa (V) reports earnings on 4/29/2020 after the market close.

Dow (DOW) reports earnings on 4/30/20 before the market open.

McDonald’s (MCD) reports earnings on 4/30/20 before the market open.

Apple (AAPL) reports earnings on 4/30/2020 after the market close.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is down -27.67% year-to-date. It’s YTD low was 51.60 on 3/19/2020.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

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