The Dow Market Happenings For Wednesday, July 15, 2020

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

The Market

Premarket today, the Dow was indicated to open up +494 points.

Tuesday the Dow was up +556.79 (+2.13%) at 26,642.59.

Year-to-date the Dow is down -6.64%.

All 30 Dow stocks were up Tuesday.

The Dow stock winners Tuesday were led by Caterpillar (CAT) 136.88 (+4.83%), Travelers (TRV) 118.55 (+3.77%), Chevron (CVX) 88.35 (+3.45%, Exxon Mobil (XOM) 44.07 (+3.31%), Home Depot (HD) 257.79 (+3.27% and McDonald’s (MCD) 190.72 (+3.14%).

The Dow stock losers Tuesday were not to be found.

Goldman Sachs (GS) reported quarterly revenues and per-share earnings that far exceeded expectations, sending its shares higher by more than 4% in premarket. The investment bank posted second-quarter revenues of $13.3 billion, ahead of the expected $9.75 billion, and earnings per share of $6.26.

UnitedHealth (UNH) was higher by more than 1% in early trading following the health insurer’s second-quarter earnings report. UnitedHealth’s quarterly profits more than doubled compared to a year earlier as the coronavirus pandemic resulted in some medical care to be deferred.

Apple (AAPL) does not have to pay nearly $15 billion in Irish taxes after challenging a 2016 determination from the European Commission, an EU court ruled Wednesday

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up one-tenth of a cent at $2.199 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/25/2020 after the market close of -$0.51, missing estimates calling for $0.016 per share.

Walgreens (WBA) reported earnings on 7/9/2020 before the market open of $0.83, missing estimates calling for $1.103 per share.

JPMorgan (JPM) reported earnings on 7/14/2020 before the market open of $1.38, beating estimates calling for $1.336 per share.

Goldman Sachs (GS) reported earnings on 7/15/2020 before the market open of $6.26, beating estimates calling for $3.972 per share.

UnitedHealth (UNH) reported earnings on 7/15/2020 before the market open of $7.12, beating estimates calling for $5.158 per share.

Johnson & Johnson (JNJ) reports earnings on 7/16/2020 before the market open.

Microsoft (MSFT) reports earnings on 7/16/2020 after the market close.

IBM (IBM) reports earnings on 7/20/2020 after the market close.

Coca Cola (KO) reports earnings on 7/21/2020 before the market open.

Dow (DOW) reports earnings on 7/23/2020 before the market open.

Travelers (TRV) reports earnings on 7/23/2020 before the market open.

Intel (INTC) reports earnings on 7/23/2020 after the market close.

American Express (AXP) reports earnings on 7/24/2020 before the market open.

Verizon (VZ) reports earnings on 7/24/2020 before the market open.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is down -17.13% year-to-date. Coca Cola (KO) YTD low was 36.27 on 3/23/2020. That’s a +20.93% gain off the YTD low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Empire State Mfg Survey

8:30 AM ET Import and Export Prices

9:15 AM ET Industrial Production

10:00 AM ET Atlanta Fed Business Inflation Expectations

10:30 AM ET EIA Petroleum Status Report

2:00 PM ET Beige Book

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