7 strengths of the Dow Jones as we fall below 26,000

US stocks came under enormous pressure on Wednesday, with the Dow Jones Industrial Average fall back below the 26,000 mark for the first time since early September.

The combination of rising long-term interest rates, weak emerging market currencies (especially the Chinese yuan) and evidence that higher interest rates are beginning to reduce consumer demand for goods Real estate like home or car scare investors. Sector rotation is at stake, with defensive flows in areas such as utilities, while technology and semiconductor stocks are slammed.

Here are seven titans from the Dow Jones Industrial Average who are giving in to sales pressure:

American Express (AXP)

American Express (NYSE:AXP) are below their 50-day moving average, down more than 6% from the September highs. Expect a decline in the 200-day moving average, which would represent an additional 5% drop from here. Investors are worried that higher interest rates will result in more credit card failures and slower spending.

The company will report its results on October 18 after closing. Analysts expect earnings per share of $ 1.77 for a turnover of $ 10 billion. The last time the company released its results on July 18, earnings of $ 1.84 exceeded estimates of 2 cents on a 9% revenue increase.

Caterpillar (CAT)

caterpillar (NYSE:CAT) have fallen sharply below their 200-day moving average and may also fall below their 50-day moving average. That happened after equities rallied near the $ 160 per share level in the spring, with the company remaining at the center of ongoing trade tensions between President Donald Trump and China.

The company will submit its next report on October 23 before the bell. Analysts expect earnings per share of $ 2.82 on a $ 13.2 billion business figure.

The last time the company released its results on July 30, earnings of $ 2.97 exceeded estimates of 23 cents per share on a 23.7 percent increase in revenue.

Goldman Sachs (GS)

Actions of Goldman Sachs (NYSE:GS) are threatening to fall below their June / July lows and return to levels not seen since early 2017. This drop caps the loss of more than 20% from the highs reached in March and comes after the resistance of the fees Generals at 200 days lost the bulls. While many financials have bid for higher net interest rate expectations, GS is more affected by its higher exposure to bond portfolio losses as a result of higher yields.

The company will present its results on October 16, before the bell. Analysts expect earnings per share of $ 5.41 on revenues of $ 8.4 billion. The last time the company released its results on July 17, earnings of $ 5.98 per share exceeded estimates of $ 1.33 on a 19.2% increase in revenue.

IBM (IBM)

IBM (NYSE:IBM) their stocks plummet, falling below their 50- and 200-day moving averages to return to the levels last observed in mid-August. Analysts at MoffettNathanson recently launched shares with a sale rating, which weighed on investor sentiment and pushed prices back into a one – year consolidation zone.

The company will report its results on October 16, after closing. Analysts expect earnings per share of $ 3.40 on a $ 19.1 billion business figure.

The last time the company released its results on July 18, its earnings of $ 3.08 were 4 cents higher than its estimates, thanks to a 3.7% increase in revenue.

3M Co. (MMM)

3M Co. (NYSE:MMM) stocks fell below their 50-day moving average after meeting resistance near their 200-day moving average – a level that also pushed shares down in April. Watch for a low test in early May, which would represent a loss of more than 7% from current levels. The decline came despite Deutsche Bank analysts' price targets rising on September 28, from $ 210 to $ 220 previously.

The company will present its results on October 23, before the bell. Analysts expect earnings per share of $ 2.72 on revenue of $ 8.4 billion. The last time the company released its results on July 24, a profit of $ 2.59 was disappointed by a penny estimate of a 7.4% revenue increase.

Nike (NKE)

Nike (NYSE:NKE) are in free fall after a seven-month uptrend, moving away from their 50-day moving average for a loss of nearly 12% from the double-peak high close to $ 86. A fall in the 200-day moving average would be equivalent to a loss of 5% from now. The stock was downgraded by HSBC analysts on October 3rd.

The company will report its results on December 20 after closing. Analysts expect earnings per share of 45 cents for a turnover of $ 9.2 billion.

The last time the company released its results on September 25, earnings per share of 67 cents was 4 cents higher than estimates, on a 9.7% increase in revenue.

United Technologies (UTX)

United Technologies (NYSE:UTX) are below their 50-day moving average to return to their July-to-September consolidation range, registering a loss of more than 8% from their recent peak. The company is exposed to ongoing trade tensions with China, the merger proposed by the company with Rockwell Collins (NYSE:COLLAR) is subject to the approval of the regulators in Beijing.

The company will present its results on October 23, before the bell. Analysts expect earnings per share of $ 1.82 for a turnover of $ 16.2 billion. The last time the company released its results on July 24, its earnings of $ 1.97 was 11 cents higher than its estimates, thanks to a 9.3% increase in revenue.

At the time of writing these lines, William Roth did not hold any position on the aforementioned securities.