DJIA Market Happenings For Tuesday, July 26, 2016

Dow stocks at 52 week highs include IBM (IBM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -14 points.

Monday the Dow was down -77.79 (-0.42%) at 18,493.06.

Year-to-date the Dow is up +6.13%.

There were 12 Dow stocks up Monday.

The Dow stock winners Monday were led by Nike (NKE) +0.72% and Dupont (DD) +0.66%.

The Dow stock losers Monday were led by Chevron (CVX) -2.45% and Exxon Mobil (XOM) -1.93%.

The Fed begins its two day FOMC meeting today.

Earnings results so far this morning include Dupont (DD +0.66%), $1.24 vs consensus of 1.10, United Technologies (UTX), $1.82 vs 1.68 and Verizon (VZ -0.41%), $0.94 vs $0.92.

Today is a big day for earnings results with 46 of the S&P 500 companies scheduled to report.

McDonald’s (MCD) earnings were $1.25 per share, vs expected EPS of $1.38.

Caterpillar (CAT) earnings were $1.09 per share vs expected EPS of 96 cents.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down seven-tenths of a cent at $2.154 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/28/16 after the market close of $0.49, beating estimates calling for $0.477 per share.

JPMorgan (JPM) reported earnings on 7/14/2016 before the market open of $1.55, beating estimates calling for $1.431 per share.

IBM (IBM) reported earnings on 7/18/2016 after the market close of $2.95, beating estimates of $2.871 per share.

Goldman Sachs (GS) reported earnings on 7/19/2016 before the market open of $3.72, beating consensus of $3.013 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/2016 before the market open of $1.74, beating estimates calling for $1.675 per share.

UnitedHealth (UNH) reported earnings on 7/19/2016 before the market open of $1.96, beating estimates calling for $2.871 per share.

Microsoft (MSFT) reports earnings on 7/19/2016 after the market close of $0.69, beating estimates calling for $0.576 per share.

American Express (AXP) reports earnings on 7/20/2016 after the close.

Intel (INTC) reports earnings on 7/20/2016 after the close.

Travelers (TRV) reports earnings on 7/21/2016 before the market open.

Visa (V) reports earnings on 7/21/2016 after the close.

General Electric (GE) reports earnings on 7/22/2016 before the market open.

Caterpillar (CAT) reports earnings on 7/26/2016 before the market open.

McDonald’s (MCD) reports earnings on 7/26/2016 before the market open.

Apple (AAPL) reports earnings on 7/26/2016 after the market close.

United Technologies (UTX) reports earnings on 7/26/2016 before the market open.

Verizon (VZ) reports earnings on 7/26/2016 before the market open.

Dupont (DD) reports earnings on 7/26/2016 after the market close.

Boeing (BA) reports earnings on 7/27/2016 before the market open.

Coca Cola (KO) reports earning on 7/27/2016 before the market open.

Chevron (CVX) reports earnings on 7/29/2016 before the market open.

Exxon Mobil (XOM) reports earnings on 7/29/2016 before the market open.

Merck (MRK) reports earnings on 7/29/2016 before the market open.

Pfizer (PFE) reports earnings on 8/2/2016 before the market open.

Procter & Gamble (PG) reports earnings on 8/2/2016 before the market open.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) is up +14.57% year-to-date.

Financial Calendar

0900 ET May S&P/CaseShiller composite-20 home price index expected +0.2% m/m and +5.6% y/y, Apr +0.45% m/m and +5.44% y/y.

0945 ET Prelim-Jul Markit services PMI expected +0.6 to 52.0, Jun 51.4. Jul Markit composite PMI, Jun 51.2.

1000 ET Jul consumer confidence (Conference Board) expected -2.5 to 95.5, Jun +5.6 to 98.0.

1000 ET Jul Richmond Fed manufacturing survey expected +3 to -4, Jun -6 to -7.

1000 ET Jun new home sales expected +1.6% to 560,000, May -6.0% to 551,000.

1030 ET FOMC begins 2-day meeting.

1300 ET Treasury auctions $34 billion of 5-year T-notes.

The Dow Market Happenings For Monday, July 25, 2016

Dow stocks at 52 week highs include Cisco (CSCO) and IBM (IBM).There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -3 points.

Friday the Dow was up +53.62 (+0.29%) at 18,570.85.

Year-to-date the Dow is up +6.58%.

There were 5 Dow stocks up Friday.

The Dow stock winners Friday were led by Visa (V) +1.42% and Microsoft (MSFT) +1.38%.

The Dow stock losers Friday were led by General Electric (GE) -1.63% and Caterpillar (CAT) -0.79%.

Verizon (VZ +1.32%) this morning announced details to buy Yahoo’s (YHOO +1.36%) core assets for about $4.83 billion in cash. Yahoo this morning is up about +0.4% in premarket trading.

Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time. Brent crude futures were trading at $45.34 a barrel at 1149 GMT, down 35 cents from their previous close, while U.S. crude was down 37 cents at $43.82 a barrel.

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

The national average price of gasoline is down four-tenths of a cent at $2.161 per gallon.

Earnings Reports.

Nike (NKE) reported earnings on 6/28/16 after the market close of $0.49, beating estimates calling for $0.477 per share.

JPMorgan (JPM) reported earnings on 7/14/2016 before the market open of $1.55, beating estimates calling for $1.431 per share.

IBM (IBM) reported earnings on 7/18/2016 after the market close of $2.95, beating estimates of $2.871 per share.

Goldman Sachs (GS) reported earnings on 7/19/2016 before the market open of $3.72, beating consensus of $3.013 per share.

Johnson & Johnson (JNJ) reported earnings on 7/19/2016 before the market open of $1.74, beating estimates calling for $1.675 per share.

UnitedHealth (UNH) reported earnings on 7/19/2016 before the market open of $1.96, beating estimates calling for $2.871 per share.

Microsoft (MSFT) reports earnings on 7/19/2016 after the market close of $0.69, beating estimates calling for $0.576 per share.

American Express (AXP) reports earnings on 7/20/2016 after the close.

Intel (INTC) reports earnings on 7/20/2016 after the close.

Travelers (TRV) reports earnings on 7/21/2016 before the market open.

Visa (V) reports earnings on 7/21/2016 after the close.

General Electric (GE) reports earnings on 7/22/2016 before the market open.

Caterpillar (CAT) reports earnings on 7/26/2016 before the market open.

McDonald’s (MCD) reports earnings on 7/26/2016 before the market open.

Apple (AAPL) reports earnings on 7/26/2016 after the market close.

United Technologies (UTX) reports earnings on 7/26/2016 before the market open.

Verizon (VZ) reports earnings on 7/26/2016 before the market open.

Dupont (DD) reports earnings on 7/26/2016 after the market close.

Boeing (BA) reports earnings on 7/27/2016 before the market open.

Coca Cola (KO) reports earning on 7/27/2016 before the market open.

Chevron (CVX) reports earnings on 7/29/2016 before the market open.

Exxon Mobil (XOM) reports earnings on 7/29/2016 before the market open.

Merck (MRK) reports earnings on 7/29/2016 before the market open.

Pfizer (PFE) reports earnings on 8/2/2016 before the market open.

Procter & Gamble (PG) reports earnings on 8/2/2016 before the market open.

Today’s Featured Dow Stock

Caterpillar (CAT)

Caterpillar (CAT) is up +16.80% year-to-date.

Financial Calendar

1030 ET Jul Dallas Fed manufacturing activity expected +8.3 to -10.0, Jun -18.3.

1100 ET USDA weekly grain export inspections.

1300 ET Treasury auctions $26 billion of 2-year T-notes.

1600 ET USDA Weekly Crop Progress.