The Dow Market Happenings For Friday, May 1, 2020

There are no Dow stocks at 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -398 points.

Thursday the Dow was down -288.14 (-1.17%) at 24,345.72.

Year-to-date the Dow is down -14.69%.

There were 6 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Apple (AAPL) +2.11%, UnitedHealth (UNH) +1.68% and Boeing (BA) +1.45%.

The Dow stock losers Thursday were led by American Express (AXP) -5.07%, Walgreens (WBA) -4.56% and Raytheon Technologies (RTX) -4.55%.

Apple (AAPL) reported quarterly earnings of $2.55 per share, 29 cents a share above estimates. Revenue also came in above forecasts. In the face of economic uncertainty, Apple withheld any current-quarter sales guidance for the first time since 2003. Apple raised its quarterly dividend by 6% to 82 cents per share and increased its stock buyback program.

Boeing (BA) raised $25 billion in a bond offering, the sixth-largest ever, and the jet maker said it would not have to receive government aid as a result.

Chevron (CVX) posted first-quarter profit of $1.93 per share, which included $660 million in one-time favorable items. Revenue beat forecasts. The consensus estimate had been 68 cents a share. Chevron said it is taking steps to preserve its dividend and to manage the current downturn responsibly, including a further cut in capital spending.

Exxon Mobil (XOM) posted a GAAP loss of 14 cents per share, and a non-GAAP profit of 53 cents per share. The consensus estimate was for a break-even quarter. The company announced a 30% cut in capital spending and will also reduce cash operating expenses by 15%.

Visa (V) beat estimates by 3 cents a share, with quarterly earnings of $1.38 per share. The payment network’s revenue also beat forecasts. Visa pulled its full-year forecast due to rising unemployment and falling consumer spending.

European stocks are lower and Asian markets ended mostly higher.

The national average price of gasoline is up five-tenths of a cent at $1.777 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) reported earnings on 4/20/2020 after the market close of $1.84, beating estimates calling for $1.698 per share.

Coca Cola (KO) reported earnings on 4/21/20 before the market open of $0.51, beating estimates calling for $0.436 per share.

Travelers (TRV) reported earnings on 4/21/20 before the market open of $2.62, missing estimates calling for $2.877 per share.

Intel (INTC) reported earnings on 4/23/2020 after the market close of $1.45, beating estimates calling for $1.281 per share.

American Express (AXP) reported earnings on 4/24/20 before the market open of $1.98, beating estimates calling for $1.686 per share.

Verizon (VZ) reported earnings on 4/24/20 before the market open of $1.26, beating estimates calling for $1.22 per share.

3M (MMM) reported earnings on 4/28/20 before the market open of $2.16, beating estimates of $2.023 per share.

Caterpillar (CAT) reported earnings on 4/28/20 before the market open of $1.60, missing estimates calling for $1.761 per share.

Merck (MRK) reported earnings on 4/28/20 before the market open of $1.50, beating estimates calling for $1.393 per share.

Pfizer (PFE) reported earnings on 4/28/20 before the market open of $0.80, beating estimates calling for $0.71 per share.

Boeing (BA) reported earnings on 4/29/20 before the market open of -$1.70, beating estimates of -$2.044 per share.

Microsoft (MSFT) reported earnings on 4/29/2020 after the market close of $1.40, beating estimates calling for $1.273 per share.

Dow (DOW) reported earnings on 4/30/20 before the market open of $0.30, missing estimates calling for $0.604 per share.

McDonald’s (MCD) reported earnings on 4/30/20 before the market open of $1.47, missing estimates calling for $1.587 per share.

Apple (AAPL) reported earnings on 4/30/2020 after the market close of $2.55, beating estimates calling for $2.089 per share.

Visa (V) reported earnings on 4/30/2020 after the market close of $1.39, beating estimates calling for $1.35 per share.

Chevron (CVX) reported earnings on 5/1/20 before the market open of $1.93, beating estimates of $0.636 per share.

Exxon Mobil (XOM) reported earnings on 5/1/20 before the market open of -$0.14, missing estimates of $0.04 per share.

Disney (DIS) reports earnings on 5/5/2020 after the market close.

Raytheon Technologies (RTX) reports earnings on 5/7/20 before the market open.

Today’s Featured Dow Stock

Intel (INTC)

Intel (INTC) is down +0.22% year-to-date.

Financial Calendar

9:45 AM ET PMI Manufacturing Index

10:00 AM ET ISM Mfg Index

10:00 AM ET Construction Spending

1:00 PM ET Baker-Hughes Rig Count

Both comments and pings are currently closed.

Comments are closed.


Warning: Invalid argument supplied for foreach() in /home/customer/www/dow-jones-djia.com/public_html/wp-includes/script-loader.php on line 2781