The Dow Market Happenings For Wednesday, August 12, 2020

Dow stocks hitting 52 week highs include Home Depot (HD), Nike (NKE), Procter & Gamble (PG) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +285 points.

Tuesday the Dow was down -104.53 (-0.38%) at 27,686.91.

Year-to-date the Dow is down -2.98%.

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by JPMorgan (JPM) 103.82 (+3.16%), American Express (AXP) 103.26 (+1.61%) and Disney (DIS) 130.49 (+1.32%).

The Dow stock losers Tuesday were led by Apple (AAPL) 437.50 (-2.97%), Walgreens (WBA) 41.85 (-2.36%) and Microsoft (MSFT) 203.38 (-2.34%).

In July, the Consumer Price Index for All Urban Consumers rose 0.6 percent on a seasonally adjusted basis; rising 1.0 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy rose 0.6 percent in July (SA); up 1.6 percent over the year (NSA).

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up one-tenth of a cent at $2.175 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

Walmart (WMT)

Walmart (WMT) is up +9.56% year-to-date. Walmart (WMT) YTD low was 102.00 on 3/16/2020. That’s a +27.65% gain off the YTD low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET CPI

10:00 AM ET Atlanta Fed Business Inflation Expectations

10:30 AM ET EIA Petroleum Status Report

1:00 PM ET 10-Yr Note Auction

2:00 PM ET Treasury Budget

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