DJIA Market Happenings For Friday, January 13, 2017

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 +22 points.

Thursday the Dow was down -68.28 , (-0.32%) at 19,891.00.

Year-to-date the Dow is up +0.65%.

There were 8 Dow stocks up Thursday.

The Dow stock winners Thursday were led by McDonald’s (MCD) +1.01% and Merck (MRK) +0.94%.

The Dow stock losers Thursday were led by Disney (DIS) -1.75% and JPMorgan (JPM) -0.96%.

JPMorgan (JPM) said fourth-quarter profit rose 24 percent. See earnings section below.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down five-tenths of a cent at $2.351 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/20/16 after the market close of $0.50, beating estimates calling for $0.431 per share.

JPMorgan (JPM) reported earnings on 1/13/2016 before the market open of $1.71, beating estimates calling for $1.422 per share.

UnitedHealth (UNH) reports earnings on 1/17/2017 before the market open.

Goldman Sachs (GS) reports earnings on 1/18/2017 before the market open.

American Express (AXP) reports earnings on 1/19/2017 after the market close.

IBM (IBM) reports earnings on 1/19/2017 after the market close.

General Electric (GE) reports earnings on 1/20/2017 before the market open.

McDonald’s (MCD) reports earnings on 1/23/2017 before the market open.

Dupont (DD) reports earnings on 1/24/2017 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/2017 before the market open.

3M (MMM) reports earnings on 1/24/2017 before the market open.

Travelers (TRV) reports earnings on 1/24/2017 before the market open.

Verizon (VZ) reports earnings on 1/24/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

Procter & Gamble (PG) reports earnings on 1/25/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

United Technologies (UTX) reports earnings on 1/25/2017 before the market open.

Caterpillar (CAT) reports earnings on 1/26/2017 before the market open.

Intel (INTC) reports earnings on 1/26/2017 after the market close.

Microsoft (MSFT) reports earnings on 1/26/2017 after the market close.

Chevron (CVX) reports earnings on 1/27/2017 after the market close.

Apple (AAPL) reports earnings on 1/31/2017 after the market close.

Disney (DIS) reports earnings on 2/7/2017 after the market close.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) is down -1.23% year-to-date.

Financial Calendar

0830 ET Dec retail sales expected +0.7% and +0.5% ex autos, Nov +0.1% and +0.2% ex autos.

0830 ET Dec PPI final demand expected +0.3% m/m and +1.6% y/y, Nov +0.4% m/m and +1.3% y/y. Dec PPI ex food & energy expected +0.1% m/m and +1.5% y/y, Nov +0.4% m/m and +1.6% y/y.

0930 ET Philadelphia Fed President Patrick Harker (voter) speaks on economic mobility at an event in Philadelphia.

1000 ET Nov business inventories expected +0.6%, Oct -0.2%.

1000 ET Preliminary-Jan University of Michigan U.S. consumer sentiment index expected +0.3 to 98.5, Dec +4.4 to 98.2.

1400 ET Dec monthly budget statement expected -$25.0 billion, Nov -$136.7 billion.

The Dow Market Happenings For Thursday, January 12, 2017

Dow stocks at 52 week highs include Apple (AAPL) and Disney (DIS). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -37 points.

Wednesday the Dow was up +98.75 (+0.50%) at 19,954.28.

Year-to-date the Dow is up +0.47%.

There were 23 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Merck (MRK) +2.85% and IBM (IBM)%.

The Dow stock losers Wednesday were led by Pfizer (PFE) -1.82% and Johnson & Johnson (JNJ) -1.23%.

Boeing (BA +0.21%) was rated a new ‘Underperform’ at RBC Capital Markets with a 12-month target price of $136 saying Boeing’s market position is inferior as it is shut out of the next generation of fighter and bomber plane platforms.

Disney (DIS +0.98%) was downgraded to ‘Sell’ from ‘Hold’ at Pivotal Research Group LLC with a 12-month price target of $85.

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 247,000 for the week ended Jan. 7. Claims for the prior week were revised to show 2,000 more applications received than previously reported.

European stocks are mostly lower and Asian markets ended lower.

The national average price of gasoline is down five-tenths of a cent at $2.356 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/20/16 after the market close of $0.50, beating estimates calling for $0.431 per share.

JPMorgan (JPM) reports earnings on 1/13/2016 before the market open.

UnitedHealth (UNH) reports earnings on 1/17/2017 before the market open.

Goldman Sachs (GS) reports earnings on 1/18/2017 before the market open.

American Express (AXP) reports earnings on 1/19/2017 after the market close.

IBM (IBM) reports earnings on 1/19/2017 after the market close.

General Electric (GE) reports earnings on 1/20/2017 before the market open.

McDonald’s (MCD) reports earnings on 1/23/2017 before the market open.

Dupont (DD) reports earnings on 1/24/2017 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/2017 before the market open.

3M (MMM) reports earnings on 1/24/2017 before the market open.

Travelers (TRV) reports earnings on 1/24/2017 before the market open.

Verizon (VZ) reports earnings on 1/24/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

Procter & Gamble (PG) reports earnings on 1/25/2017 before the market open.

Boeing (BA) reports earnings on 1/25/2017 before the market open.

United Technologies (UTX) reports earnings on 1/25/2017 before the market open.

Today’s Featured Dow Stock

Cisco (CSCO)

Cisco (CSCO) is up +0.53% year-to-date.

Financial Calendar

0830 ET Weekly initial unemployment claims expected +20,000 to 255,000, previous -28,000 to 235,000. Weekly continuing claims expected -28,000 to 2.084 million, previous +10,000 to 2.112 million.

0830 ET Dec import price index expected +0.7% m/m and +1.8% y/y, Nov -0.3% m/m and -0.1% y/y.

0830 ET Philadelphia Fed President Patrick Harker (voter) speaks at an event in Malvern, Pennsylvania.

0830 ET Chicago Fed President Charles Evans (voter) and Atlanta Fed President Dennis Lockhart (non-voter) speak on the economic outlook and monetary policy at a meeting of the American Council of Life Insurers in Naples, FL.

0830 ET USDA weekly Export Sales.

1100 ET Treasury announces amount of 10-year TIPS to be auctioned Jan 19 (previous $11 billion).

1200 ET USDA Jan WASDE crop production.

1200 ET USDA Quarterly grain stocks.

1300 ET Treasury auctions $12 billion of 30-year T-bonds.

1345 ET Dallas Fed President Robert Kaplan (voter) will speak at the Dallas Regional Chamber Annual Meeting.

1400 ET Dec monthly budget statement expected -$26.0 billion, Nov -$136.7 billion.

1900 ET Fed Chair Janet Yellen addresses a town hall meeting with educators and will speak briefly about the mission and responsibilities of the Federal Reserve System. Q&A will follow.

DJIA Market Happenings For Wednesday, January 11, 2017

Dow stocks at 52 week highs include American Express (AXP). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +21 points.

Tuesday the Dow was down -31.85 (-0.16%) at 19,855.53.

Year-to-date the Dow is up +0.47%.

There were 8 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Merck (MRK) +1.38% and Apple (AAPL) +0.92%.

The Dow stock losers Tuesday were led by Exxon Mobil (XOM) -1.65% and IBM (IBM) -1.11%.

JPMorgan Chase (JPM +0.29%) was rated a new ‘Buy’ at UBS with a price target of $98.

Merck (MRK -1.93%) rose 4% in after-hours trading after the U.S. FDA granted priority review for its supplemental Biologics License Application (sBLA) for Keytruda, plus chemotherapy, as primary treatment of patients with advanced lung cancer.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down four-tenths of a cent at $2.361 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 12/20/16 after the market close of $0.50, beating estimates calling for $0.431 per share.

JPMorgan (JPM) reports earnings on 1/13/2016 before the market open.

UnitedHealth (UNH) reports earnings on 1/17/2017 before the market open.

Goldman Sachs (GS) reports earnings on 1/18/2017 before the market open.

American Express (AXP) reports earnings on 1/19/2017 after the market close.

IBM (IBM) reports earnings on 1/19/2017 after the market close.

General Electric (GE) reports earnings on 1/20/2017 before the market open.

McDonald’s (MCD) reports earnings on 1/23/2017 before the market open.

Dupont (DD) reports earnings on 1/24/2017 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/24/2017 before the market open.

3M (MMM) reports earnings on 1/24/2017 before the market open.

Travelers (TRV) reports earnings on 1/24/2017 before the market open.

Verizon (VZ) reports earnings on 1/24/2017 before the market open.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is down -2.33% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous +0.1% with purchase sub-index -1.4% and refi sub-index +1.7%.

1030 ET EIA Weekly Petroleum Status Report.

1300 ET Treasury auctions $20 billion of 10-year T-notes.

1320 ET New York Fed President William Dudley (voter) speaks on banking culture from a regulatory perspective at a banking symposium in New York.
n/a President-elect Trump is scheduled to hold his first press conference.