Dow stocks hitting 52 week highs include Apple (AAPL), Home Depot (HD) and UnitedHealth (UNH). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open down -75 points.
Thursday the Dow was up +185.46 (+0.68%) at 27,386.98.
Year-to-date the Dow is down -4.03%.
There were 17 Dow stocks up Thursday.
The Dow stock winners Thursday were led by Apple (AAPL) 455.61 (+3.49%), Disney (DIS) 130.82 (+2.52%) and McDonald’s (MCD +1.97%).
The Dow stock losers Thursday were led by Boeing (BA) 172.20 (-1.19%), Travelers (TRV) 113.74 (-1.16%) and Merck (MRK) 81.05 (-0.72%).
The US economy added another 1.8 million jobs in July, a sharp slowdown from June and a small step for an economy that’s still down 12.9 million jobs during the pandemic. It was the third-straight month of improvement after the spring lock down that decimated the labor market. But the economy last month added far fewer than the 4.8 million jobs that America added in June. The unemployment rate fell to 10.2%, the Bureau of Labor Statistics reported Friday, but remains above the Great Recession high of 10% that was reached in October 2009. Since the pandemic hit, the government has also struggled to count the enormous number of people who are out of work. That’s in part because it has been increasingly difficult for workers themselves to discern whether they have been temporarily laid off or employed but not at work.
Meanwhile Congress fails to help the country with a new, comprehensive, stimulus plan.
European stocks are lower and Asian markets ended mostly lower.
The national average price of gasoline is up one-tenth of a cent at $2.181 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) reported earnings on 7/16/2020 before the market open of $1.67, beating estimates calling for $1.496 per share.
IBM (IBM) reported earnings on 7/20/2020 after the market close of $2.18, beating estimates calling for $2.136 per share.
Coca Cola (KO) reported earnings on 7/21/2020 before the market open of $0.42, beating estimates calling for $0.404 per share.
Microsoft (MSFT) reported earnings on 7/22/2020 after the market close of $1.46, beating estimates calling for $1.384 per share.
Dow (DOW) reported earnings on 7/23/2020 before the market open of -$0.26, beating estimates of -$0.296 per share.
Travelers (TRV) reported earnings on 7/23/2020 before the market open of -$0.20, meeting estimates of -$0.20 per share.
Intel (INTC) reported earnings on 7/23/2020 after the market close of $1.23, beating estimates calling for $1.105 per share.
American Express (AXP) reported earnings on 7/24/2020 before the market open of $0.29, beating estimates calling for $0.131 per share.
Verizon (VZ) reported earnings on 7/24/2020 before the market open of $1.18, beating estimates calling for $1.156 per share.
McDonald’s (MCD) reported earnings on 7/28/2020 before the market open of $0.66, missing estimates of $0.764 per share.
3M (MMM) reported earnings on 7/28/2020 before the market open of $1.78, missing estimates calling for $1.766 per share.
Pfizer (PFE) reported earnings on 7/28/2020 before the market open of $0.78, missing estimates calling for $0.64 per share.
Raytheon Technologies (RTX) reported earnings on 7/28/2020 before the market open of $0.40, beating estimates of $0.104 per share.
Visa (V) reported earnings on 7/28/2020 after the market close of $1.06, beating estimates calling for $1.022 per share.
Boeing (BA) reported earnings on 7/29/2020 before the market open of -$4.79, missing estimates calling for -$2.925 per share.
Procter & Gamble (PG) reported earnings on 7/30/2020 before the market open of $1.16, beating estimates of $1.006 per share.
Apple (AAPL) reported earnings on 7/30/2020 after the market close of $2.58, beating estimates calling for $2.025 per share.
Caterpillar (CAT) reported earnings on 7/31/2020 before the market open of $1.03, beating estimates of $0.658 per share.
Chevron (CVX) reported earnings on 7/31/2020 before the market open of -$4.44, missing estimates of -$0.926 per share.
Merck (MRK) reported earnings on 7/31/2020 before the market open of $1.37, beating estimates of $1.14 per share.
Exxon Mobil (XOM) reported earnings on 7/31/2020 before the market open of $-$0.26, beating estimates of -$0.632 per share.
Disney (DIS) reported earnings on 8/4/2020 after the market close of $0.08, beating estimates calling for -$0.432 per share.
Cisco (CSCO) reports earnings on 8/12/2020 after the market close.
Home Depot (HD) reports earnings on 8/18/2020 before the market open.
Walmart (WMT) reports earnings on 8/18/2020 before the market open.
Today’s Featured Dow Stock
Verizon (VZ) is down -5.81% year-to-date. Verizon (VZ) YTD low was 48.84 on 3/25/2020. That’s a +18.41% gain off the YTD low.
Financial Calendar
8:30 AM ET Jobs Report
10:00 AM ET Wholesale Trade
1:00 PM ET Baker-Hughes Rig Count
3:00 PM ET Consumer Credit