DJIA Market Happenings For Friday, May 8, 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 +256 points.

Thursday the Dow was up +211.25 (+0.89%) at 23,875.89.

Year-to-date the Dow is down -16.34%.

There were 16 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Boeing (BA) +5.57%, Disney (DIS) +4.65% and American Express (AXP) +3.25%.

The Dow stock losers Thursday were led by Pfizer (PFE) -3.07%, Merck (MRK) -1.97% and Raytheon Technologies (RTX) -1.57%.

Nonfarm payrolls fell by 20.5 million in April and the unemployment rate rose to 14.7%, both post-World War II records. Economists had been expecting a loss of 21.5 million jobs and the unemployment rate to surge to 16%. The “real” unemployment rate, which includes workers not looking for jobs and the underemployed, surged to 22.8%.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up 1.3 cents at $1.826 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) reported earnings on 5/7/20 before the market open of $1.78, beating estimates of $1.113 per share.

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

Home Depot (HD) reports earnings on 5/19/20 before the market open.

Walmart (WMT) reports earnings on 5/19/20 before the market open.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) is up +16.42%% year-to-date. Microsoft (MSFT) YTD low was 132.52 on 3/23/2020.

Financial Calendar

8:30 AM ET Jobs Report

10:00 AM ET Wholesale Trade

1:00 PM ET Baker-Hughes Rig Count

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