DJIA Market Happenings For Monday, March 1, 2021


There are no Dow stocks hitting 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +343 points.

Friday the Dow was down -469.64 (-1.50%) at 30,932.37.

Year-to-date the Dow is up +1.06%.

There were 5 Dow stocks up Friday.

The Dow stock winners Friday were led by Microsoft (MSFT) 232.38 (+1.48%), Home Depot (HD) 258.34 (+1.21%) and UnitedHealth (UNH) 332.22 (+1.02%).

The Dow stock losers Friday were led by Salesforce (CRM) 216.50 (-6.31%), Dow (DOW) 59.31 (-3.33%) and IBM (IBM) 118.93 (-2.89%).

The Dow is currently set to open up +1%. While rapidly rising bond yields pressured stocks last week, the 10-year Treasury yield dropped Monday from a one-year high, trading around 1.43%. Last week the Dow lost -1.8% and the S&P 500 fell nearly -2.5%.

The CDC signed off Sunday on Johnson & Johnson’s (JNJ) one-shot Covid-19 vaccine for people 18 years and older as the federal government prepares to ship out millions of doses this week. The FDA gave J&J’s vaccine, which demonstrated 72% efficacy in the U.S., emergency use authorization Saturday. While the other two vaccines cleared in the U.S. are two-shot regimes from Pfizer (PFE) and Moderna (MRNA), each showed over 90% efficacy. White House Chief Medical Advisor Dr. Anthony Fauci said Sunday all three are “really quite good” and that Americans should take whatever vaccine they can get.

The House early Saturday approved a $1.9 trillion economic stimulus bill championed by President Joe Biden. It included $1,400 direct payments to individuals, a $400-per-week federal unemployment boost through late August, and billions of dollars to distribute coronavirus vaccines and to assist schools and local governments. The measure goes to the Senate, where a provision to raise the federal minimum wage will likely be stripped out. However, the rest of the package appeared to be in good shape as Democrats aim to use a process that doesn’t require Republican support. Yes, Republicans in the House and Senate do not want Americans to get this economic stimulus.

European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is up three-tenths of a cent at $2.720 per gallon.

Earnings Reports

Pfizer (PFE) reported earnings on 2/2/2021 before the market open of $0.42, missing estimates of $0.455 per share.

Amgen (AMGN) reported earnings on 2/2/2021 after the market close of $3.81, beating estimates of $3.359 per share.

Merck (MRK) reported earnings on 2/4/2021 before the market open of $1.32, missing estimates of $1.364 per share.

Cisco (CSCO) reported earnings on 2/9/2021 after the market close of $0.79, beating estimates of $0.68 per share.

Coca Cola (KO) reported earnings on 2/10/2021 before the market open of $0.47, beating estimates of $0.414 per share.

Disney (DIS) reported earnings on 2/11/2021 after the market close of $0.32, beating estimates of -$0.448 per share.

Walmart (WMT) reported earnings on 2/18/2021 before the market open of $1.39, missing estimates calling for $1.505 per share.

Home Depot (HD) reported earnings on 2/23/2021 before the market open of $2.64, beating estimates of $2.629 per share.

Salesforce (CRM) reported earnings on 2/25/2021 after the market close of $1.04, beating estimates of $0.302 per share.

Nike (NKE) reports earnings on 3/18/2021 after the market close.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 48.99 (-2.35%) is down -10.67% in 2021.

Financial Calendar

9:45 AM ET PMI Manufacturing Final

10:00 AM ET ISM Manufacturing Index

10:00 AM ET Construction Spending

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

The Dow Market Happenings For Friday, February 26, 2021

Dow stocks hitting 52 week highs include Chevron (CVX), Goldman Sachs (GS) and JPMorgan (JPM).

There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -21 points.

Thursday the Dow was down -559.85 (-1.75%) at 31,402.01.

Year-to-date the Dow is up +2.60%.

There were 3 Dow stocks up Thursday.

The Dow stock winners Thursday were 3M (MMM) 178.76 (+0.64%), Johnson & Johnson (JNJ) 162.76 (+0.10%) and Merck (MRK) 74.62 (+0.07%).

The Dow stock losers Thursday were led by Boeing (BA) 216.45 (-5.62%), Intel (INTC) 60.40 (-4.42%) and Salesforce (CRM) 231.08 (-3.90%). See Salesforce (CRM) earnings below.

The Dow Jones Industrial Average on Thursday sank 559 points, or 1.8%, from a record closing high the previous session. The Dow had its worst day in nearly a month because of the rapid rise in bond yields.

The 10-year Treasury yield retreated Friday morning, but remained above 1.4%, after surging to 1.6% in the previous session to its highest level since February 2020 and more than 0.5% higher since the end of January. The spike in the 10-year yield, which is used as a benchmark for mortgage rates and auto loans, has been driven by expectations of improving economic conditions as coronavirus vaccines are rolled out, as well as fears of higher inflation.

Democrats on Capitol Hill are trying to push their relief measure, including a federal minimum wage boost to $15 per hour, through without GOP support. However, a key nonpartisan official, the Senate parliamentarian, ruled Democrats cannot include the minimum wage increase in the bill. The decision means the Senate will likely pass a different version of the bill than the House, and representatives will have to approve the plan a second time.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up 2.1 cents at $2.699 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/7/2021 before the market open of $1.22, beating estimates calling for $1.02 per share.

JPMorgan (JPM) reported earnings on 1/15/2021 before the market open of $3.79, beating estimates of $2.72 per share.

Goldman Sachs (GS) reports earnings on 1/19/2021 before the market open.

Procter & Gamble (PG) reported earnings on 1/20/2021 before the market open $1.64, beating estimates of $1.51 per share.

UnitedHealth (UNH) reported earnings on 1/20/2021 before the market open of $2.52, beating estimates of $2.394 per share

Travelers (TRV) reported earnings on 1/21/2021 before the market open of $4.91, beating estimates of $3.004 per share.

Intel (INTC) reported earnings on 1/21/2021 after the market close of $1.52, beating estimates of $1.10 per share.

IBM (IBM) reported earnings on 1/21/2021 after the market close of $2.07, beating estimates of $1.778 per share.

3M (MMM) reported earnings on 1/26/2021 before the market open of $2.38, beating estimates of $2.187 per share.

American Express (AXP) reported earnings on 1/26/2021 before the market open of $1.76, beating estimates of $1.264 per share.

Johnson & Johnson (JNJ) reported earnings on 1/26/2021 before the market open of $1.86, beating estimates of $1.806 per share.

Verizon (VZ) reported earnings on 1/26/2021 before the market open of $1.21, beating estimates of $1.163 per share.

Microsoft (MSFT) reported earnings on 1/26/2021 after the market close of $2.03, beating estimates of $1.637 per share.

Boeing (BA) reported earnings on 1/27/2021 before the market open of -$15.25, missing estimates calling for -$1.779 per share.

Apple (AAPL) reported earnings on 1/27/2021 after the market close of $1.68, beating estimates of $1.406 per share.

Dow (DOW) reported earnings on 1/28/2021 before the market open $0.81, missing estimates of $0.685 per share.

McDonald’s (MCD) reported earnings on 1/28/2021 before the market open $1.70, missing estimates of $1.752 per share.

Visa (V) reported earnings on 1/28/2021 after the market close of $1.42, beating estimates of $1.271 per share.

Caterpillar (CAT) reported earnings on 1/29/2021 before the market open of $2.12, beating estimates of $1.456 per share.

Chevron (CVX) reported earnings on 1/29/2021 before the market open of -$0.01, missing estimates of $0.079 per share.

Honeywell (HON) reported earnings on 1/29/2021 before the market open of $2.07, beating estimates of $1.998 per share.

Pfizer (PFE) reported earnings on 2/2/2021 before the market open of $0.42, missing estimates of $0.455 per share.

Amgen (AMGN) reported earnings on 2/2/2021 after the market close of $3.81, beating estimates of $3.359 per share.

Merck (MRK) reported earnings on 2/4/2021 before the market open of $1.32, missing estimates of $1.364 per share.

Cisco (CSCO) reported earnings on 2/9/2021 after the market close of $0.79, beating estimates of $0.68 per share.

Coca Cola (KO) reported earnings on 2/10/2021 before the market open of $0.47, beating estimates of $0.414 per share.

Disney (DIS) reported earnings on 2/11/2021 after the market close of $0.32, beating estimates of -$0.448 per share.

Walmart (WMT) reported earnings on 2/18/2021 before the market open of $1.39, missing estimates calling for $1.505 per share.

Home Depot (HD) reported earnings on 2/23/2021 before the market open of $2.64, beating estimates of $2.629 per share.

Salesforce (CRM) reported earnings on 2/25/2021 after the market close of $1.04, beating estimates of $0.302 per share.

Nike (NKE) reports earnings on 3/18/2021 after the market close.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 151.18 (-1.36%) is up +18.97% in 2021.

Financial Calendar

8:30 AM ET International Trade in Goods (Advance)

8:30 AM ET Personal Income and Outlays

8:30 AM ET Retail Inventories (Advance)

8:30 AM ET Wholesale Inventories (Advance)

9:45 AM ET Chicago PMI

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker Hughes Rig Count

3:00 PM ET Farm Prices

DJIA Market Happenings For Thursday, February 25, 2021

Dow stocks hitting 52 week highs include American Express (AXP), Caterpillar (CAT), Chevron (CVX), Disney (DIS), Dow (DOW), Goldman Sachs (GS), JPMorgan (JPM) and Visa (V).

There are no Dow stock 52 week lows.

The Market

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

Wednesday the Dow was up +424.51 (+1.35%) at 31,961.86.

Year-to-date the Dow is up +4.43%.

There were 26 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Boeing (BA) 229.34 (+8.12%), Chevron (CVX) 103.31 (+3.69%) and Goldman Sachs (GS) 330.64 (+3.58%).

The Dow stock losers Wednesday were led by Home Depot (HD) 259.97 (-2.72%), Walmart (WMT) 133.21 (-1.67%) and Amgen (AMGN) 229.99 (-1.06%).

Yesterday the DJIA wiped out a 110-point loss and climbed 424 points, or 1.4%, to a record closing high.

Unemployment insurance weekly claims in the week ending February 20, the advance figure for seasonally adjusted initial claims was 730,000, a decrease of 111,000 from the previous week’s revised level. The previous week’s level was revised down by 20,000 from 861,000 to 841,000. The 4-week moving average was 807,750, a decrease of 20,500 from the previous week’s revised average. The previous week’s average was revised down by 5,000 from 833,250 to 828,250. The advance seasonally adjusted insured unemployment rate was 3.1 percent for the week ending February 13, a decrease of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 13 was 4,419,000, a decrease of 101,000 from the previous week’s revised level. The previous week’s level was revised up 26,000 from 4,494,000 to 4,520,000. The 4-week moving average was 4,547,000, a decrease of 91,500 from the previous week’s revised average. The previous week’s average was revised up by 6,500 from 4,632,000 to 4,638,500. The total number of continued weeks claimed for benefits in all programs for the week ending February 6 was 19,042,686, an increase of 701,102 from the previous week. There were 2,130,673 weekly claims filed for benefits in all programs in the comparable week in 2020.

Republicans rallied against Democrats’ proposed $1.9 trillion Covid relief bill as lawmakers awaited a decision by the Senate’s parliamentarian that could bolster or kill a pivotal provision hiking the federal minimum wage. Despite narrow majorities on Capitol Hill, Democratic leaders were poised to push the sweeping package through the House on Friday. They were hoping the Senate would follow quickly enough to have legislation on President Joe Biden’s desk by mid-March.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up 1.8 cents at $2.678 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/7/2021 before the market open of $1.22, beating estimates calling for $1.02 per share.

JPMorgan (JPM) reported earnings on 1/15/2021 before the market open of $3.79, beating estimates of $2.72 per share.

Goldman Sachs (GS) reports earnings on 1/19/2021 before the market open.

Procter & Gamble (PG) reported earnings on 1/20/2021 before the market open $1.64, beating estimates of $1.51 per share.

UnitedHealth (UNH) reported earnings on 1/20/2021 before the market open of $2.52, beating estimates of $2.394 per share

Travelers (TRV) reported earnings on 1/21/2021 before the market open of $4.91, beating estimates of $3.004 per share.

Intel (INTC) reported earnings on 1/21/2021 after the market close of $1.52, beating estimates of $1.10 per share.

IBM (IBM) reported earnings on 1/21/2021 after the market close of $2.07, beating estimates of $1.778 per share.

3M (MMM) reported earnings on 1/26/2021 before the market open of $2.38, beating estimates of $2.187 per share.

American Express (AXP) reported earnings on 1/26/2021 before the market open of $1.76, beating estimates of $1.264 per share.

Johnson & Johnson (JNJ) reported earnings on 1/26/2021 before the market open of $1.86, beating estimates of $1.806 per share.

Verizon (VZ) reported earnings on 1/26/2021 before the market open of $1.21, beating estimates of $1.163 per share.

Microsoft (MSFT) reported earnings on 1/26/2021 after the market close of $2.03, beating estimates of $1.637 per share.

Boeing (BA) reported earnings on 1/27/2021 before the market open of -$15.25, missing estimates calling for -$1.779 per share.

Apple (AAPL) reported earnings on 1/27/2021 after the market close of $1.68, beating estimates of $1.406 per share.

Dow (DOW) reported earnings on 1/28/2021 before the market open $0.81, missing estimates of $0.685 per share.

McDonald’s (MCD) reported earnings on 1/28/2021 before the market open $1.70, missing estimates of $1.752 per share.

Visa (V) reported earnings on 1/28/2021 after the market close of $1.42, beating estimates of $1.271 per share.

Caterpillar (CAT) reported earnings on 1/29/2021 before the market open of $2.12, beating estimates of $1.456 per share.

Chevron (CVX) reported earnings on 1/29/2021 before the market open of -$0.01, missing estimates of $0.079 per share.

Honeywell (HON) reported earnings on 1/29/2021 before the market open of $2.07, beating estimates of $1.998 per share.

Pfizer (PFE) reported earnings on 2/2/2021 before the market open of $0.42, missing estimates of $0.455 per share.

Amgen (AMGN) reported earnings on 2/2/2021 after the market close of $3.81, beating estimates of $3.359 per share.

Merck (MRK) reported earnings on 2/4/2021 before the market open of $1.32, missing estimates of $1.364 per share.

Cisco (CSCO) reported earnings on 2/9/2021 after the market close of $0.79, beating estimates of $0.68 per share.

Coca Cola (KO) reported earnings on 2/10/2021 before the market open of $0.47, beating estimates of $0.414 per share.

Disney (DIS) reported earnings on 2/11/2021 after the market close of $0.32, beating estimates of -$0.448 per share.

Walmart (WMT) reported earnings on 2/18/2021 before the market open of $1.39, missing estimates calling for $1.505 per share.

Home Depot (HD) reported earnings on 2/23/2021 before the market open of $2.64, beating estimates of $2.629 per share.

Salesforce (CRM) reports earnings on 2/25/2021 after the market close.

Nike (NKE) reports earnings on 3/18/2021 after the market close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 162.59 (+1.34%) is up +3.31% in 2021.

Financial Calendar

8:30 AM ET Durable Goods Orders

8:30 AM ET GDP

8:30 AM ET Jobless Claims

10:00 AM ET Pending Home Sales Index

10:30 AM ET EIA Natural Gas Report

11:00 AM ET Kansas City Fed Manufacturing Index

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 7-Yr Note Auction

4:30 PM ET Fed Balance Sheet