|Bid||40.67 x 1000|
|Ask||40.85 x 1100|
|Day's Range||40.44 - 42.02|
|52 Week Range||40.44 - 60.52|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||12.01|
|Forward Dividend & Yield||2.80 (6.47%)|
|1y Target Est||N/A|
Dow Inc. (NYSE:DOW) stock is about to trade ex-dividend in 4 days time. This means that investors who purchase shares...
Win Cramer thought his company was out of the firing line in the escalating Sino-U.S. trade war after his "Made-in-China" wireless headphones, speakers and earbuds were taken off Washington's tariff list a year ago. Little did the JLab Audio chief executive know that nine months later those products would again be targeted, posing an even greater risk to his California-based company. Earlier this month, U.S. President Donald Trump unexpectedly put off new 10% tariffs on about half of $300 billion of targeted Chinese imports until Dec. 15.
DOW UPDATE Dragged down by declines for shares of Caterpillar and Dow Inc., the Dow Jones Industrial Average is falling Friday morning. The Dow (DJIA) was most recently trading 104 points, or 0.4%, lower, as shares of Caterpillar (CAT) and Dow Inc.
It is often said the Federal Reserve is "data dependent" in its quest to accurately calibrate U.S. monetary policy. With that in mind, it may be surprising the major equity benchmarks did not do more gyrating Thursday following the release of one particularly concerning data point.Source: Venturelli Luca / Shutterstock.com Earlier today, the August reading of the Markit manufacturing purchasing managers index check in at 49.9, the first reading below 50 in about a decade. Readings below 50 are generally considered negative, particularly if they are accrued in consecutive months. That hasn't happened yet, but this is a data point that should not be ignored.As has been widely noted, the Fed expects to take appropriate measures if the U.S. economy shows signs of wilting. With yesterday's release of minutes from the Federal Open Market Committee (FOMC), it looked like some Fed members want large rate cuts.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks That Could See 100% Gains, If Not More However, that thesis may have been a short-term blow today as President of the Philadelphia Fed Patrick Harker said he doesn't believe more monetary stimulus is needed, while Kansas City Federal Reserve Bank President Esther George said she sees the U.S. economy as still on solid ground.Even with all that Fed speak, the Nasdaq Composite lost just 0.36% while the S&P 500 dropped 0.05%. The Dow Jones Industrial Average mustered a gain of 0.19%. Big Boeing BounceIn what is certainly good news because it is the largest Dow stock, frequent guest of this space Boeing (NYSE:BA) surged 4.25% on above-average volume on news that the Federal Aviation Administration (FAA) is planning to run software tests for Boeing's 737 MAX passenger jet with newer pilots as soon as next month.The tests are expected to involved pilots with around a year of flight time. Obviously, the results of those tests remain to be seen, but the news is the latest sign that Boeing may be able to meet investors' expectations that the 737 MAX could be back in the air sometime before the end of 2019."As part of its own testing process Boeing has invited senior U.S. airline pilots to experiment with the software fix and use simulators to run scenarios similar to the ones that led to the two crashes," according to Reuters.Boeing is also attempting to fill hundreds of temporary jobs aimed at getting the 737 MAX back in the skies in the fourth quarter. Apple NewsIn late trading, Apple (NASDAQ:AAPL) was clinging to a modest gain. The company is just a few weeks away from its annual refresh of critical products, including the iPhone. Today, rumors circulated that Apple could unveil as many as three new iPhones next month as well as unveil significant upgrades to the iPad and its most popular laptops."Also coming in 2019: refreshed versions of the iPad Pro with upgraded cameras and faster chips, an entry-level iPad with a larger screen, new versions of the Apple Watch, and the first revamp to the MacBook Pro laptop in three years," Bloomberg reported, citing sources familiar with the matter.At the upcoming Apple event, investors will also likely be demanding clues and updates about Apple's streaming entertainment effort, Apple+. Dow DogsAmong the worst of the day's Dow offenders today was UnitedHealth (NYSE:UNH). Weakness in UNH shares today wasn't a symptom of healthcare weakness because the Dow's three other healthcare components traded slightly higher. I don't like to speculate, but UNH slumped a day after the requirements for the next round of Democratic debates were released. Good news for UNH: supporters of Medicare For All are growing mum.Chemicals maker Dow (NYSE:DOW) continues to be a dog with fleas. Read more about that condition as it pertains to the stock here. Today, the stock lost 2.74% after 20 mayors in France announced a ban on glyphosate, a weed killer that dozens of companies, including Dow, sell around the world. Bottom Line on the DowIt's all about data right now. That and Fed Chairman Jerome Powell's speech from Jackson Hole tomorrow. I've frequently mentioned the importance of the consumer in this space and there are now inklings that there is some softness on that front. Should that weakness persist, the Fed governors mentioned above may have no choice but to get on board with more rate cuts.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Dow Jones Today: Data Dependency Emerges appeared first on InvestorPlace.
The short history of the new Dow (NYSE:DOW) stock has brought little more than declines. An initial spike after Dow again became a separate company has given away to four months of falling stock prices. Today, it sells near its lowest point since its reintroduction.Source: JHVEPhoto / Shutterstock.com The ongoing trade war with China explains much of the decline. However, the spinoff of the former DowDuPont into Dow, DuPont de Nemours (NYSE:DD) and Corteva (NYSE:CTVA) has left investors with a company structure few seem to understand. Until Dow can simplify the company and resume its previous flow of trade with China, DOW stock will likely continue its descent. DOW Stock Continues to DeclineA little more than a month ago, I turned bullish on DOW stock after having been a bear. While I saw possible headwinds related to the trade war, I figured the low price-to-earnings ratio and the generous dividend made a position in DOW worthwhile.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThen, earnings happened. A revenue miss sent it on a downward journey. The declines continued as two analysts downgraded DOW stock to a sell, both cite weakening global demand as the reason. Today, it trades in the $43 per share range, near its 52-week low. * 10 Undervalued Stocks With Breakout Potential From a certain point of view, this does not change my previous rationale for recommending DOW stock. The forward P/E ratio now stands at 9.6. Moreover, thanks to the lower stock price, the $2.80 per share annual dividend currently yields almost 6.5%. Dow's Problems Go Beyond the Trade WarHowever, other factors have since persuaded me otherwise. As InvestorPlace columnist Bret Kenwell states, free cash flow did not cover the cost of the DOW stock dividend. Furthermore, with the company just having separated itself from DuPont, investors have no dividend history where they can turn.Moreover, investors have struggled with the business model backing up Dow stock since it became separate. Our own Josh Enomoto goes so far as to compare DOW stock to General Electric (NYSE:GE) and 3M (NYSE:MMM). He points out its consumer, industrial and packaging categories as evidence that Dow has become a hodgepodge of different companies without a focused purpose. Between that and the lower revenue tied to the U.S.-China trade war, the selling continues in DOW.In fairness, DOW stock is not the only equity in this industry which has suffered. Peers such as Westlake Chemical (NYSE:WLK) and LyondellBasell Industries (NYSE:LYB) also have fallen to 52-week lows. Furthermore, one has to wonder when the market will finally consider the trade war priced into DOW stock and its peers?For now, DOW continues to fall. Even with a low P/E and a high dividend yield, investors rarely succeed by fighting the herd. Moreover, when it does come time to buy, investors must ponder whether they would prefer DOW stock or one of its peers. For example, LyondellBasell stock sells for only 5.8 times forward earnings. At about 5.8%, it pays a slightly lower but still impressive dividend yield. Also, this dividend has risen for seven straight years, and yes, the company cash flows cover this payout. The Bottom Line on DOW StockDOW stock needs both a cohesive focus and for China trade to begin moving higher. Dow stock has fallen since the company missed revenue for its second quarter. Even a low multiple and a generous dividend yield have not stemmed the decline.To some degree, DOW faces the same issues with China trade as its peers. As a result, these peers also have seen their stocks fall to 52-week lows. However, many investors and analysts struggle to understand how the company works since the spinoff. Moreover, with the lack of a dividend history, investors cannot know whether the payout will remain stable under current market conditions. The fact that it does not generate sufficient cash flows to cover this payout merely casts more doubts.Until investors know DOW stock has priced in trade war concerns, investors should stay away. Also, when it comes time for buyers to return to this industry, the case for buying DOW could appear weak. With LYB stock offering a lower valuation and a more stable dividend, investors may not buy Dow stock at that time either.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks That Could See 100% Gains, If Not More * 11 Stocks Under $10 to Buy Now * 6 China Stocks to Buy on the Dip The post Dow Stock Is Cheap for Too Many Reasons appeared first on InvestorPlace.
Some 20 French mayors have banned glyphosate from their municipalities, defying the government, which is now taking legal action to impose national legislation which allows the controversial weedkiller's continued use for now. In 2017, President Emmanuel Macron had pledged to ban glyphosate in France within three years, rejecting a European Union decision to extend its use for five years after heated debate over whether glyphosate, developed by Bayer-owned Monsanto, can cause cancer.
DOW UPDATE Shares of Dow Inc. and UnitedHealth are retreating Thursday morning, sending the Dow Jones Industrial Average into negative territory. The Dow (DJIA) was most recently trading 5 points, or 0.
Chemicals maker Dow (NYSE:DOW) is the smallest member of the Dow Jones Industrial Average (DJIA) by market value. The blue-chip index weights its members by price, not the traditional market cap weighting scheme, but even by price weighting, Dow stock is the second-smallest member of the Dow Jones Industrial Average.Source: JHVEPhoto / Shutterstock.com That's the good news because Dow stock has recently been repudiated in significant fashion with the U.S.-China trade spat serving as major drag on the shares. While Michigan-based Dow operates in a stodgy industry (chemicals) and probably should be seen as a value name rather than a growth stock, it's a cyclical stock, meaning it's likely not an appropriate holding for conservative investors in the current market environment.Recent price action confirms as much. Year-to-date, Dow stock is one of just seven members of the DJIA that are in the red and one of just four with 2019 losses of 10% or more. Simply put, in price, there is truth, and the truth for Dow stock right now is largely unappealing, particularly with the shares in the midst of a month-to-date slide of 15.17% (as of Aug. 20).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Marijuana Stocks to Ride High on the Farm Bill Dow is one of three companies spun off from the merged Dow/DuPont company. The others are DuPont de Nemours (NYSE:DD), and Corteva (NYSE:CTVA). Only Corteva is trading higher since the spin-offs.The primary drivers of Dow stock performance from an operating unit standpoint are the company's Performance Materials and Coatings, Industrial Intermediates and Infrastructure and Packaging and Specialty Plastics businesses. They Can't All Be WrongLast month, Dow CEO Jim Fitterling said trade tensions are weighing on consumer confidence, impacting purchases of larger ticket items that Dow makes ingredients for. As a result, the company lowered its 2019 capital expenditures plan to $2 billion from $2.5 billion."What tariffs have done in some businesses is cause a little bit of a pause, a little bit of reluctance…Chinese purchasers to maybe buy American goods," said Fitterling in a Bloomberg TV interview. "That shifts some of the demand around."Fitterling is optimistic a trade deal will get done, he just doesn't see that deal coming to fruition before the end of this year. Without the U.S. and China making nice on trade, it's hard to get involved with a stock like Dow.Additionally, analyst sentiment is sour on Dow stock. While analysts are not right or wrong 100% of the time, there's often similar actions from the sell side in a condensed period of time. Since late July, there have been five downgrades of Dow stock by four different analysts, moves that also included several lower price target revisions.Last week, Bank of America Merrill Lynch analyst Steve Byrne pared his rating on Dow stock to "underperform" from "neutral," his second downgrade of the name in less than a month, while trimming his price target to $41 from $55. Byrn cited "eroding fundamentals" in his downgrade of Dow stock.Thing is, the average price target on Dow stock is just over $56 while the shares closed around $43 on Tuesday, Aug. 20. Make of that what you will, but that could be a sign more bearish price target revisions are coming because analysts like to save face. Bottom Line on DOW StockFor patient, risk-tolerant investors, there are some silver linings with Dow stock. At just 12x forward earnings, the shares are by no means expensive and there is compensation for the risk in the form of a dividend yield north of 6%. That's more than triple what you get on the S&P 500.And there's one more silver lining: some insiders recently bought Dow stock, something they wouldn't be doing if they believed a recession is imminent. After all, insiders only buy their company's shares for one reason: because they think the stock is going up.Todd Shriber doesn't the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post Dow Stock a Downer Until Tariff Talk Subsides appeared first on InvestorPlace.
With Federal Reserve Chairman Jerome Powell slated to give remarks at the Jackson Hole, Wyoming summit later this week, it would not be surprising to see some sluggish days for stocks leading up to that event. Such was the case Tuesday.Source: Pavel Ignatov / Shutterstock.com The meeting minutes of the Fed's July meeting are coming out tomorrow, giving traders another reason for pause today. That release could provide details regarding just how unified the central bank is regarding more rate cuts this year.Overall, it wasn't a great day for stocks as highlighted by the fact that in late trading, just five of the 30 members of the Dow Jones Industrial Average were spotted higher, but it could have been worse. The Nasdaq Composite fell by 0.68% while the S&P 500 slipped 0.79%. The Dow Jones Industrial Average finished lower by 0.66%.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential From a broad asset perspective, not much worked today except for familiar friends gold and U.S. government debt. There was some risk-off sentiment permeating markets today following the resignation of Italy's prime minister and more comment from President Donald Trump that he's not quite ready to make a trade deal with China.Let's get into some of the names that moved the Dow Jones Industrial Average today. Today's Dow WinnersI have repeatedly mentioned the The Home Depot (NYSE:HD) in recent days simply because that was the lone looming marquee earnings report among Dow components for investors to digest. The stock soared 4.59% today following that report.Atlanta-based Home Depot posted fiscal second-quarter earnings of $3.17 per share, beating Wall Street's estimates of $3.08. More importantly, the stock rallied on what was some glum guidance from the company. Not only did Home Depot warn about the impact of tariffs on its results, the company lowered full year same-store sales growth estimates to 4% from 5%."Home Depot said it now expects 2019 sales to rise about 2.3%, down from a prior forecast of a 3.3% increase," according to Reuters.While Dow winners were hard to come by, it was encouraging to see Walt Disney (NYSE:DIS) close modestly higher. The company has recently seen some controversy after a former accountant alleged Disney artificially inflated revenue for years."Sandra Kuba, formerly a senior financial analyst in Disney's revenue-operations department who worked for the company for 18 years, alleges that employees working in the parks-and-resorts business segment systematically overstated revenue by billions of dollars by exploiting weaknesses in the company's accounting software," reports Barron's.Kuba said she has alerted the Securities and Exchange Commission (SEC) to the matter. This isn't a comment on the allegations, but shares of Disney have been basically flat over the past week, indicating markets aren't putting much weight on the accounting accusations.Apple (NASDAQ:AAPL) gained 0.15% a day after the company said it plans to spend $6 billion on original content for its streaming platform as plans for its Apple TV+ begin to crystalize. Rumors are swirling that Apple could price that offering at $10 a month in the middle of two of Disney's Disney+ plans. Downed DowMaterials name Dow (NYSE:DOW) was by far the worst offender in the Dow Jones Industrial Average, plunging 5.34% on seemingly light news. One reason the stock may have fallen today, and I emphasize "may," is delayed reaction to an analyst downgrade out last Friday. Delayed because the stock trade higher yesterday, but with Tuesday's loss, it's lower by about 13% over the past 90 days. Bottom Line on Dow Jones TodayTuesday was another one of those sort of directionless, "let's wait and see days" where broader takeaways are hard to come by. For traders looking for near-term ideas, headline risk due to regulatory issues for big tech lingers, potentially bringing some short opportunities there, but that's a cautious bet at best.Second, there is growing sentiment that the worst of the energy sector's doldrums have passed and that the sector is primed to bounce back as the third quarter enters its latter stages.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Dow Jones Today: Another Fed Holding Pattern appeared first on InvestorPlace.
DOW UPDATE Behind declines for shares of Dow Inc. and American Express, the Dow Jones Industrial Average is falling Tuesday afternoon. The Dow (DJIA) was most recently trading 152 points (0.6%) lower, as shares of Dow Inc.
DOW UPDATE Behind negative returns for shares of Dow Inc. and American Express, the Dow Jones Industrial Average is falling Tuesday afternoon. The Dow (DJIA) was most recently trading 72 points, or 0.
Shares of Dow Inc. dropped 4.2% in morning trading Tuesday, enough to make them the biggest decliners among its materials peers and the Dow Jones Industrial Average . The selloff comes after the stock ran up 5.1% over the past two sessions. On Friday, BofA Merrill Lynch analyst Steve Byrne downgraded Dow to underperform from neutral, and slashed his price target to $41 from $55, saying that while the chemical company has been successful in controlling costs, that has largely been offset by "eroding fundamentals" across its polyethylene, methyl diphenyl diisocyanate, monoethylene glycol and Siloxanes products. Dow's stock has now shed 12.8% over the past three months, while the SPDR Materials Select Sector ETF has gained 5.2% and the Dow has tacked on 1.7%.
DOW UPDATE Behind negative returns for shares of Dow Inc. and Walt Disney, the Dow Jones Industrial Average is down Tuesday morning. The Dow (DJIA) was most recently trading 66 points lower (-0.3%), as shares of Dow Inc.
Usually, a headline like that would spell doom for stocks, but that wasn't the case Monday. Major U.S. equity benchmarks rallied even as President Donald Trump had some, shall I say, "words of encouragement" for the Federal Reserve."The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well," said the president on Twitter (NYSE:TWTR). "If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!"President Trump has a long history of moving markets via Twitter, but that wasn't necessarily the case Monday when it comes to the dollar, which he has long complained is too strong. The Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP), which tracks the greenback against a basket of other major currencies, closed modesty higher and just a third of a percent below its 52-week high. UUP is up about 2% this month, indicating Fed rate cuts aren't always the elixir to quell a strong dollar.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On Despite the dollar firming again today, the plenty of export-sensitive sectors and individual names rallied, helping the Nasdaq Composite to a gain of 1.35% while the S&P 500 added 1.21%. The Dow Jones Industrial Average started the week higher by 0.96% with just two of its 30 components finishing lower on the day. Be Careful With These Dow WinnersTwo of the best performers in the Dow today may require some caution. Sure, it was nice to see Cisco Systems (NASDAQ:CSCO) rally after the network gear maker was drubbed last week following disappointing guidance on its earnings call, but Monday's bounce may be one of the dead cat variety.Similar caution may be warranted with chemicals maker Dow (NYSE:DOW), which was the second-best Dow stock today behind Cisco. Again, it's nice to see a cyclical, tariff-sensitive name in the green today, but the stock was downgraded last Friday to "neutral" by Bank of America Merrill Lynch with that bank also paring its price target on Dow shares to $44 from $55.Of the 17 analysts rating shares of Dow, just six have "buy" ratings on the name while 11 have the equivalent of a "hold" on the stock. DJIA Earnings NoteI've been mentioning The Home Depot (NYSE:HD) recently because the company reports earnings tomorrow, and today's gain of 2.11% suggests trades were buying the name in advance of that report. There was some elevated options activity in Home Depot today, too, but history suggest traders should be careful with the home improvement giant post-earnings."Looking into HD's earnings history, the stock has closed lower the day after earnings in all but two of the past eight quarters, though the reaction to Home Depot's most recent report in May was positive," according to Schaeffer's Investment Research. "Over the past two years, the shares have swung an average of 1% the day after earnings, regardless of direction. This time around, the options market is pricing in a larger-than-usual 6% swing for Tuesday's trading." Some Good Dow NewsI've mentioned a few times this year that alternative energy stocks and ETFs are really weighing on the traditional energy sector, so with that in mind, it was nice to see Chevron (NYSE:CVX) jump 1.68% today on some bullish analyst chatter. Barclays started coverage of Chevron today with an "overweight" rating and a $145 price target. That price target implies significant upside from today's close just under $118."Chevron is well positioned to both return significant free cash flow to shareholders and fund its…compound annual growth rate guidance," according to the bank. Dow Jones Bottom LineIn addition to the aforementioned Twitter action by President Trump, today's upside was the product of familiar themes: expectations that more Fed rate cuts are coming and that the U.S. and China might be able to make some headway on the trade front.Speaking of the Fed, Chairman Jerome Powell speaks in Wyoming late this week, so it's safe to say all eyes and ears will be on that speech regarding rate cut clues.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Dow Jones Today: Trump's Twitter Targets the Fed … Again appeared first on InvestorPlace.
Investing.com - Stocks surged for a third-straight day on optimism about a U.S.- China trade deal and fewer worries about a recession hitting any time soon.
DOW UPDATE Led by strong returns for shares of Dow Inc. and Apple Inc., the Dow Jones Industrial Average is rallying Monday morning. Shares of Dow Inc. (DOW) and Apple Inc. (AAPL) have contributed to the index's intraday rally, as the Dow (DJIA) was most recently trading 289 points, or 1.
The chemical industry heavyweight is gone, and DuPont and Dow are officially back -- but very different. Here's how to keep track of the new companies.
Despite more speculation that recession clouds are gathering, stocks cobbled together impressive gains to close another wild week. I mentioned earlier this week that some of the more important European economies, including Germany, are on the cusp of economic contractions and that are likely to spur the European Central Bank (ECB) into action.That was one catalyst for today's rally: talk that the ECB won't be sitting on the sidelines much longer and will attempt something with monetary policy aimed at perking up the region's sagging economies.Here in the U.S., it still seems like a stretch to say that a recession is imminent, but the University of Michigan Consumer Sentiment Index reading out today could be cause for concern for fans of President Donald Trump. That survey indicates independent and republican voters are growing concerned about the economy and could be apt to rein in spending. That data point was revealed just a day after the president spoke glowingly about the economy and the strength of the American consumer.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Dividend Stocks to Load Up On Even with all the recession chatter, the Nasdaq Composite rallied 1.67% while the S&P 500 climbed 1.44%. The Dow Jones Industrial Average closed the week with a gain of 1.20%. Fun fact, at least for day traders or those that like volatility: the S&P 500 has had intraday moves of at least 1% for nearly three straight trading weeks. Tariff TalkThese days, it's almost possible to discuss stocks, particularly many of the Dow members, with talking about tariffs. Plenty of stocks are more tariff-sensitive than others, and JPMorgan was talking about a few of those names today.Remember that while President Trump backed off some of the tariffs on Chinese goods set to go into effect on Sept. 1, he did not back off all of those levies. And the ones not going into effect next month were not eliminated. Those were merely delayed until mid-December.As for companies likely to be affected by the Sept.1 tariffs, those names include Dow components Dow (NYSE:DOW) and Caterpillar (NYSE:CAT). Somehow, Dow, the chemicals maker, was the second-best performer in the Dow today while industrial machinery maker Caterpillar was a solid gainer as well, adding 0.97%.Regarding Dow members that could be pinched by the December tariffs, assuming those penalties go into effect, JPMorgan includes Apple (NASDAQ:AAPL) and Nike (NYSE:NKE) on that list. However, both stocks closed higher today.The Home Depot (NYSE:HD) has been receiving elevated trade-related mentions, according to JPMorgan. Still, Home Depot is a heavily domestic company and the shares added 0.92% today ahead of next Tuesday's earnings report. Bad Bank Stocks on the DowEach of the Dow's financial services components, including JPMorgan Chase (NYSE:JPM), the largest U.S. bank, closed higher today. I mention this because, yes, banks are being drilled by declining net interest margin expectations at the hands of lower interest rates, but also because recent price action in the sector confirms investors can be confounded by analyst chatter.Just last week, a Wells Fargo analyst said valuations on bank stocks are attractive, but today the same analyst said "there is no way to sugar coat the negative impact of lower interest rates" on banks' net interest margins and per share earnings.As I pointed out a couple of times during financial services earnings season, the net interest margin issued was raised on a slew of bank earnings calls and at this point, should be baked into these stocks. Dow Jones Bottom LineWith all the aforementioned recession chatter swirling, the good news is that the Federal Reserve will not take that talk lightly and it is becoming increasingly likely that there could be another two rate cuts before the end of this year.While that may be good news, the risk is that with rates already so low by historical standards, the effectiveness of more rate reductions may not be up to investors' current expectations. Time will tell on that front, but the near-term path of least resistance would be for trade wars to cease.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Dow Jones Today: A Fantastic Friday appeared first on InvestorPlace.