The Dow Market Happenings For Tuesday, August 18, 2020

Dow stocks hitting 52 week highs include Apple (AAPL), Home Depot (HD) and Walmart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +15 points.

Monday the Dow was down -86.11 (-0.31%) at 27,844.91.

Year-to-date the Dow is down -2.43%.

There were 11 Dow stocks up Monday.

The Dow stock winners Monday were led by Home Depot (HD) 288.24 (+2.74%), Walmart (WMT) 135.60 (+2.26%) and Merck (MRK) 84.76 (+1.53%).

The Dow stock losers Monday were led by Boeing (BA) 172.01 (-3.41%), American Express (AXP) 97.55 (-2.85%) and JPMorgan (JPM) 99.71 (-2.64%).

Walmart (WMT) reported quarterly earnings on Tuesday that crushed Wall Street’s estimates, boosted by a huge surge in ecommerce. Shares of Walmart climbed as much as 6% in premarket trading Tuesday before paring those gains to trade lower. Walmart’s ecommerce sales soared 97% in the second quarter, as the coronavirus pandemic boosted online shopping.

Shares of Home Depot (HD) rose 1% in Tuesday’s premarket after the home improvement retailer delivered a 23% increase in second-quarter sales as consumers take on more DIY projects in pandemic. Revenue of $38.05 billion was better than expected and so was adjusted per-share profit of $4.02. Home Depot’s stock also hit an all-time high during Monday’s trading.

On Day 1 of the Democratic National Convention, former first lady Michelle Obama delivered a searing address, saying President Donald Trump is “clearly in over his head” and “cannot meet this moment.” Sen. Bernie Sanders also spoke Monday night, saying the “future of our democracy is at stake” and to vote out Trump and elect Biden.

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

The national average price of gasoline is down two-tenths of a cent at $2.176 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) reported earnings on 8/12/2020 after the market close of $0.80, beating estimates of $0.668 per share.

Home Depot (HD) reported earnings on 8/18/2020 before the market open of $4.02, beating estimates calling for $3.785 per share.

Walmart (WMT) reported earnings on 8/18/2020 before the market open of $1.56, beating estimates calling for $1.222 per share.

Today’s Featured Dow Stock

Boeing (BA)

Boeing (BA) is down -47.20% year-to-date. Boeing (BA) YTD low was 89.00 on 3/18/2020. That’s a +93.27% gain off the YTD low.

Financial Calendar

8:30 AM ET Housing Starts

8:55 AM ET Redbook

10:00 AM ET E-Commerce Retail Sales

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

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