DJIA Market Happenings For Wednesday, May 6, 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 up +160 points.

Tuesday the Dow was up +133.33 (+0.56%) at 23,883.09.

Year-to-date the Dow is down -16.31%.

There were 22 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Pfizer (PFE) +2.37%, UnitedHealth (UNH) +1.91% and Home Depot (HD) +1.70%.

The Dow stock losers Tuesday were led by Boeing (BA) -4.61%, Disney (DIS) -2.05% and McDonald’s (MCD) -1.45%.

Disney (DIS) net income plummeted 91% to $475 million in the three months to March 28, as the coronavirus pandemic tore through the entertainment titan’s operations. The virus wiped out an estimated $1 billion in operating profits in Disney’s parks, experiences, and products division, CEO Bob Chapek said on the second-quarter earnings call on Tuesday. It erased as much as $1.4 billion in total operating income, he added. Disney is suspending its dividend payout for the first half of the fiscal year. The move would preserve $1.6 billion in cash.

European stocks are mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is up one cent at $1.795 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) reported earnings on 5/5/2020 after the market close of $0.60, missing estimates calling for $0.83 per share.

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

Cisco (CSCO) reports earnings on 5/13/2020 after the market close.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) is down -33.90% year-to-date.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:15 AM ET ADP Employment Report

8:30 AM ET 3-Yr Note Announcement

8:30 AM ET 10-Yr Note Announcement

8:30 AM ET 30-Yr Bond Announcement

8:30 AM ET Treasury Refunding Announcement

10:30 AM ET EIA Petroleum Status Report

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