DJIA Market Happenings For Wednesday, May 4, 2016

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 down -97 points.

Tuesday the Dow was down -140.25 (-0.78%) at 17,750.91.

Year-to-date the Dow is up +1.87%.

There were 5 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Pfizer (PFE) +2.74% and Apple (AAPL) +1.64%.

The Dow stock losers Tuesday were led by United Technologies (UTX) -2.15% and JPMorgan (JPM) -1.93%.

Private job creation slowed even further last month as firms added just 156,000 jobs in April, ADP said in a Wednesday report. Economists expected the number to come in at 195,000. In March, private payrolls were revised down 6,000 to 194,000.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up two-tenths of a cent at $2.223 per gallon.

Earnings Reports.

JPMorgan (JPM) reported earnings on 4/13/2016 before the market open of $1.35, beating estimates of $1.259 per share.

IBM (IBM) reported earnings on 4/18/2016 after the market open of $2.35, beating estimates of $2.085 per share.

Goldman Sachs (GS) reported earnings on 4/19/2016 before the market open of $2.68, beating estimates for $2.566 per share.

Intel (INTC) reported earnings on 4/19/2016 after the market open of $0.54, beating estimates for $0.47 per share.

Johnson & Johnson (JNJ) reported earnings on 4/19/2016 before the market open of $1.72, beating estimates for $1.639 per share.

UnitedHealth (UNH) reported earnings on 4/19/2016 before the market open of $1.81, beating estimates for $1.721 per share.

Coca Cola (KO) reported earnings on 4/20/2016 before the market open of $0.45, beating estimates of $0.44 per share.

American Express (AXP) reported earnings on 4/20/2016 after the market close of $1.45, beating estimates of $1.355 per share.

Travelers (TRV) reported earnings on 4/21/2016 before the market open of $2.30, missing estimates of $2.568 per share.

Verizon (VZ) reported earnings on 4/21/2016 before the market open of $1.06, meeting estimates of $1.064 per share.

Microsoft (MSFT) reported earnings on 4/21/2016 after the market open of $0.62, almost meeting expectations for $0.625 per share.

Visa (V) reported earnings on 4/21/2016 after the market open of $0.68, beating estimates of $0.663 per share.

Caterpillar (CAT) reported earnings on 4/22/2016 before the market open of $0.46, missing estimates of $0.67 per share.

General Electric (GE) reports earnings on 4/22/2016 before the market open of $0.21, barely beating estimates of $0.206 per share.

McDonald’s reported earnings on 4/22/2016 before the market open of $1.23, beating estimates of $1.169 per share.

Apple (AAPL) reported earnings on 4/25/2016 after the market close of $1.90, missing estimates calling for $1.97 per share.

3M (MMM) reported earnings on 4/26/2016 before the market open of $2.05, beating estimates of $1.924 per share..

Dupont (DD) reported earnings on 4/26/2016 before the market open of $1.26, beating estimates calling for $1.02 per share.

Procter & Gamble (PG) reported earnings on 4/26/2016 before the market open of $0.89, beating estimates of $0.81 per share..

Boeing (BA) reported earnings on 4/27/2016 before the market open of $1.74, missing estimates calling for $1.806 per share.

United Technologies (UTX) reported earnings on 4/27/2016 before the market open of $1.47, beating estimates of $1.387 per share.

Chevron (CVX) reported earnings on 4/29/2016 before the market open of -$0.39, missing estimates for -$0.139 per share.

Exxon Mobil (XOM) reported earnings on 4/29/2016 before the market open of $0.43, beating estimates of $0.306 per share.

Pfizer (PFE) reports earnings on 5/3/2016 before the market open.

Merck (MRK) reports earnings on 5/5/2016 before the market open.

Disney (DIS) reports earnings on 5/10/2016 after the market close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) is up +4.73% year-to-date.

Financial Calendar

0700 ET Weekly MBA mortgage applications, previous -4.1% with purchase sub-index -2.4% and refi sub-index -5.0%.

0815 ET Apr ADP employment change expected +195,000, Mar +200,000.

0830 ET Treasury announces amount of 3-year T-notes (previous $24 billion), 10-year T-notes (previous $20 billion) and 30-year T-bonds (previous $12 billion) to be auctioned May10-12 in the Treasurys quarterly refunding.

0830 ET Mar trade balance expected -$41.1 billion, Feb -$47.1 billion.

0830 ET Q1 non-farm productivity expected -1.3%, Q4 -2.2%. Q1 unit labor costs expected +3.3%, Q4 +3.3%.

0945 ET Final-Apr Markit services PMI expected unchanged at 52.1, preliminary-April +0.8 to 52.1. Revised Apr Markit composite PMI, preliminary +0.4 to 51.7.

1000 ET Mar factory orders expected +0.6%, Feb -1.7% and -0.8% ex transportation.

1000 ET Apr ISM non-manufacturing index expected +0.3 to 54.8, Mar 54.5.
1030 ET EIA Weekly Petroleum Status Report.

1830 ET Minneapolis Fed President Neel Kashkari hosts town hall forum in Rochester, MN.

The Dow Market Happenings For Tuesday, May 3, 2016

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 down -108 points.

Monday the Dow was up +117.52 (+0.66%) at 17,891.16.

Year-to-date the Dow is up +2.68%.

There were 25 Dow stocks up Monday.

The Dow stock winners Monday were led by Home Depot (HD) +1.61% and Visa (V) +1.58%.

The Dow stock losers Monday were led by Boeing (BA) -0.59% and IBM (IBM) -0.46%.

Pfizer (PFE) beat Wall Street expectations for the first quarter as the drugmaker’s net income jumped 27 percent due to higher sales and a lower tax bill. The company raised its 2016 financial forecasts, citing its strong operational performance in the quarter and an improved business outlook. Its shares surged almost 3 percent in premarket trading. Excluding one-time items, adjusted profit in the latest quarter was 67 cents per share, 12 cents better that the 55 cents expected.

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

The national average price of gasoline is up four-tenths of a cent at $2.221 per gallon.

Earnings Reports.

JPMorgan (JPM) reported earnings on 4/13/2016 before the market open of $1.35, beating estimates of $1.259 per share.

IBM (IBM) reported earnings on 4/18/2016 after the market open of $2.35, beating estimates of $2.085 per share.

Goldman Sachs (GS) reported earnings on 4/19/2016 before the market open of $2.68, beating estimates for $2.566 per share.

Intel (INTC) reported earnings on 4/19/2016 after the market open of $0.54, beating estimates for $0.47 per share.

Johnson & Johnson (JNJ) reported earnings on 4/19/2016 before the market open of $1.72, beating estimates for $1.639 per share.

UnitedHealth (UNH) reported earnings on 4/19/2016 before the market open of $1.81, beating estimates for $1.721 per share.

Coca Cola (KO) reported earnings on 4/20/2016 before the market open of $0.45, beating estimates of $0.44 per share.

American Express (AXP) reported earnings on 4/20/2016 after the market close of $1.45, beating estimates of $1.355 per share.

Travelers (TRV) reported earnings on 4/21/2016 before the market open of $2.30, missing estimates of $2.568 per share.

Verizon (VZ) reported earnings on 4/21/2016 before the market open of $1.06, meeting estimates of $1.064 per share.

Microsoft (MSFT) reported earnings on 4/21/2016 after the market open of $0.62, almost meeting expectations for $0.625 per share.

Visa (V) reported earnings on 4/21/2016 after the market open of $0.68, beating estimates of $0.663 per share.

Caterpillar (CAT) reported earnings on 4/22/2016 before the market open of $0.46, missing estimates of $0.67 per share.

General Electric (GE) reports earnings on 4/22/2016 before the market open of $0.21, barely beating estimates of $0.206 per share.

McDonald’s reported earnings on 4/22/2016 before the market open of $1.23, beating estimates of $1.169 per share.

Apple (AAPL) reported earnings on 4/25/2016 after the market close of $1.90, missing estimates calling for $1.97 per share.

3M (MMM) reported earnings on 4/26/2016 before the market open of $2.05, beating estimates of $1.924 per share..

Dupont (DD) reported earnings on 4/26/2016 before the market open of $1.26, beating estimates calling for $1.02 per share.

Procter & Gamble (PG) reported earnings on 4/26/2016 before the market open of $0.89, beating estimates of $0.81 per share..

Boeing (BA) reported earnings on 4/27/2016 before the market open of $1.74, missing estimates calling for $1.806 per share.

United Technologies (UTX) reported earnings on 4/27/2016 before the market open of $1.47, beating estimates of $1.387 per share.

Chevron (CVX) reported earnings on 4/29/2016 before the market open of -$0.39, missing estimates for -$0.139 per share.

Exxon Mobil (XOM) reported earnings on 4/29/2016 before the market open of $0.43, beating estimates of $0.306 per share.

Pfizer (PFE) reports earnings on 5/3/2016 before the market open.

Merck (MRK) reports earnings on 5/5/2016 before the market open.

Disney (DIS) reports earnings on 5/10/2016 after the market close.

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) is up +2.87% year-to-date.

Financial Calendar

0945 ET Apr New York ISM, Mar -3.2 to 50.4.

1030 ET Cleveland Fed President Loretta Mester moderates a panel discussion on Unconventional wisdom: How will unusual monetary policy affect market liquidity? at the Atlanta Fed financial-markets conference.

1900 ET Atlanta Fed President Dennis Lockhart speaks on the economic outlook and monetary policy to the World Affairs Council Jacksonville.

n/a Apr total vehicle sales expected 17.4 million, Mar 16.46 million. Apr domestic vehicle sales expected 13.50 million, Mar 12.97 million.