DJIA Market Happenings For Friday, January 14, 2022 – Coca Cola (KO) Up +2.85% YTD


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 down -305 points.

Thursday the Dow closed down -176.70 (-0.49%) at 36,113.62.

Year-to-date the Dow is down -0.62%.

There were 14 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Boeing (BA) 223.90 (+2.97%), Caterpillar (CAT) 227.00 (+2.07%) and Walmart (WMT) 145.47 (+1.42%).

The Dow stock losers Thursday were led by Microsoft (MSFT) 304.80 (-4.23%), Salesforce (CRM) 228.63 (-3.87%) and Apple (AAPL) 172.19 (-1.90%).

JPMorgan (JPM) fell nearly 3% in the premarket as investors parsed quarterly results from the nation’s largest bank by assets. The company’s fourth quarter per share earnings of $3.33 and revenue of $30.35 billion, both beat estimates. However, JPMorgan said it took a $1.8 billion net benefit from releasing reserves for loan losses that never materialized; without that benefit earnings would have been $2.86 per share, missing expectations.

President Joe Biden will nominate Sarah Bloom Raskin to be the Federal Reserve’s next vice chair for supervision, arguably the nation’s most powerful banking regulator. She’ll face a confirmation hearing before the Senate Banking Committee.

U.S. futures are lower, European stocks are mostly lower and Asian markets ended mostly lower.

The national average price of gasoline is up two-tenths of a cent at $3.306 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.

Walgreens (WBA) reported earnings on 1/6/2021 before the market open with $1.68, beating estimates of $1.354 per share.

JPMorgan (JPM) reported earnings on 1/14/2022 before the market open with $3.33, beating estimates of $2.978 per share.

Goldman Sachs (GS) reports earnings on 1/18/2022 before the market open.

Procter & Gamble (PG) reports earnings on 1/19/2022 before the market open.

UnitedHealth (UNH) reports earnings on 1/19/2022 before the market open.

Travelers (TRV) reports earnings on 1/20/2022 before the market open.

Honeywell (HON) reports earnings on 1/21/2022 before the market open.

IBM (IBM) reports earnings on 1/24/2022 after the market close.

3M (MMM) reports earnings on 1/25/2022 before the market open.

American Express (AXP) reports earnings on 1/25/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/25/2022 before the market open.

Verizon (VZ) reports earnings on 1/25/2022 before the market open.

Microsoft (MSFT) reports earnings on 1/25/2022 after the market close.

Intel (INTC) reports earnings on 1/26/2022 after the market close.

Boeing (BA) reports earnings on 1/26/2022 before the market open.

Dow (DOW) reports earnings on 1/27/2022 before the market open.

McDonald’s (MCD) reports earnings on 1/27/2022 before the market open.

Apple (AAPL) reports earnings on 1/27/2022 after the market close.

Visa (V) reports earnings on 1/27/2022 after the market close.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 60.90 (+0.59%) is up +2.85% in 2022.

Financial Calendar

08:30 AM ET Core Retail Sales (MoM) (Dec)
08:30 AM ET Export Price Index (MoM) (Dec)
08:30 AM ET Import Price Index (MoM) (Dec)
08:30 AM ET Retail Control (MoM) (Dec)
08:30 AM ET Retail Sales (YoY) (Dec)
08:30 AM ET Retail Sales (MoM) (Dec)
08:30 AM ET Retail Sales Ex Gas/Autos (MoM) (Dec)
09:15 AM ET Capacity Utilization Rate (Dec)
09:15 AM ET Industrial Production (YoY) (Dec)
09:15 AM ET Industrial Production (MoM) (Dec)
09:15 AM ET Manufacturing Production (MoM) (Dec)
10:00 AM ET Business Inventories (MoM) (Nov)
10:00 AM ET Michigan 5-Year Inflation Expectations (Jan)
10:00 AM ET Michigan Consumer Expectations (Jan)
10:00 AM ET Michigan Consumer Sentiment (Jan)
10:00 AM ET Michigan Current Conditions (Jan)
10:00 AM ET Michigan Inflation Expectations (Jan)
10:00 AM ET Retail Inventories Ex Auto (Nov)
11:00 AM ET FOMC Member Williams Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count
13:00 PM ET U.S. Baker Hughes Total Rig Count
15:30 PM ET CFTC Aluminium speculative net positions
15:30 PM ET CFTC Copper speculative net positions
15:30 PM ET CFTC Corn speculative net positions
15:30 PM ET CFTC Crude Oil speculative net positions
15:30 PM ET CFTC Gold speculative net positions
15:30 PM ET CFTC Nasdaq 100 speculative net positions
15:30 PM ET CFTC Natural Gas speculative net positions
15:30 PM ET CFTC S&P 500 speculative net positions
15:30 PM ET CFTC Silver speculative net positions
15:30 PM ET CFTC Soybeans speculative net positions
15:30 PM ET CFTC Wheat speculative net positions

The Dow Market Happenings For Thursday, January 13, 2022 – JPMorgan (JPM) Up +6.37% YTD

Dow stocks hitting 52-week highs include Chevron (CVX). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +106 points.

Wednesday the Dow closed up +38.30 (+0.11%) at 36,290.32.

Year-to-date the Dow is down -0.13%.

There were 16 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Salesforce (CRM) 237.83 (+1.27%), Nike (NKE) 152.21 (+1.27%) and Caterpillar (CAT) 222.40 (+1.11%).

The Dow stock losers Wednesday were led by Goldman Sachs (GS) 390.31 (-3.16%), Johnson & Johnson (JNJ) 169.79 (-0.85%) and Walgreens (WBA) 53.91 (-0.77%).

U.S. stock futures are higher Thursday after another hot but unsurprising inflation report. The Dow Jones Industrial Average eked out a gain for a second day in a row, ending Wednesday less than 1.5% away from last week’s record close.

The Commerce Department said Thursday the December producer price index rose 9.7% year over year, slightly lower than estimates and the largest increase on record. The PPI comes after December’s consumer price index rose 7% year over year at the quickest pace since June 1982 but in-line with estimates.

Unemployment insurance weekly claims in the week ending January 8, the advance figure for seasonally adjusted initial claims was 230,000, an increase of 23,000 from the previous week’s unrevised level of 207,000. The 4-week moving average was 210,750, an increase of 6,250 from the previous week’s unrevised average of 204,500. The advance seasonally adjusted insured unemployment rate was 1.1 percent for the week ending January 1, a decrease of 0.2 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 1 was 1,559,000, a decrease of 194,000 from the previous week’s revised level. This is the lowest level for insured unemployment since June 2, 1973 when it was 1,556,000. The previous week’s level was revised down by 1,000 from 1,754,000 to 1,753,000. The 4-week moving average was 1,721,500, a decrease of 77,000 from the previous week’s revised average. This is the lowest level for this average since March 7, 2020 when it was 1,714,500. The previous week’s average was revised down by 250 from 1,798,750 to 1,798,500. The total number of continued weeks claimed for benefits in all programs for the week ending December 25 was 1,948,624, an increase of 226,264 from the previous week. There were 19,377,528 weekly claims filed for benefits in all programs in the comparable week in 2020.

U.S. futures are higher, European stocks are mostly higher and Asian markets ended mostly higher.

The national average price of gasoline is up three-tenths of a cent at $3.304 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.

Walgreens (WBA) reported earnings on 1/6/2021 before the market open with $1.68, beating estimates of $1.354 per share.

JPMorgan (JPM) reports earnings on 1/14/2022 before the market open.

Goldman Sachs (GS) reports earnings on 1/18/2022 before the market open.

Procter & Gamble (PG) reports earnings on 1/19/2022 before the market open.

UnitedHealth (UNH) reports earnings on 1/19/2022 before the market open.

Travelers (TRV) reports earnings on 1/20/2022 before the market open.

Honeywell (HON) reports earnings on 1/21/2022 before the market open.

IBM (IBM) reports earnings on 1/24/2022 after the market close.

3M (MMM) reports earnings on 1/25/2022 before the market open.

American Express (AXP) reports earnings on 1/25/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/25/2022 before the market open.

Verizon (VZ) reports earnings on 1/25/2022 before the market open.

Microsoft (MSFT) reports earnings on 1/25/2022 after the market close.

Intel (INTC) reports earnings on 1/26/2022 after the market close.

Boeing (BA) reports earnings on 1/26/2022 before the market open.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 168.44 (+0.57%) is up +6.37% in 2022.

Financial Calendar

08:30 AM ET Continuing Jobless Claims
08:30 AM ET Core PPI (MoM) (Dec)
08:30 AM ET Core PPI (YoY) (Dec)
08:30 AM ET Initial Jobless Claims
08:30 AM ET Jobless Claims 4-Week Avg.
08:30 AM ET PPI (MoM) (Dec)
08:30 AM ET PPI (YoY) (Dec)
10:00 AM ET FOMC Member Brainard Speaks
10:30 AM ET Natural Gas Storage
11:30 AM ET 4-Week Bill Auction
11:30 AM ET 8-Week Bill Auction
13:00 PM ET 30-Year Bond Auction
13:00 PM ET Chicago Fed President Evans Speaks

DJIA Market Happenings For Wednesday, January 12, 2022 – Johnson & Johnson (JNJ) Up +0.01% YTD

Dow stocks hitting 52-week highs include Chevron (CVX). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to open up +112 points.

Tuesday the Dow closed up +183.15 (+0.51%) at 36,252.02 (+0.51%).

Year-to-date the Dow is down -0.74%.

There were 19 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Boeing (BA) 216.02 (+3.21%), Chevron (CVX) 127.97 (+2.29%) and Salesforce (CRM)234.84 (+2.27%).

The Dow stock losers Tuesday were led by IBM (IBM) 132.87 (-1.60%), Procter & Gamble (PG) 158.66 (-1.16%) and Johnson & Johnson (JNJ) 171.25 (-1.06%).

Yesterday, the Dow Jones Industrial Average gained 0.5%, ending a four-session down streak.

The government’s December consumer price index on Wednesday showed an increase of 7% year over year, in-line with estimates and the hottest increase since 1982. Core CPI, which excludes food and energy, rose 5.5% year over year, slightly higher than expectations. Inflation has been eating into otherwise strong wage gains for workers. The 10-year Treasury yield on Wednesday dipped to near 1.72% after release of the data and following a spike this year to over 1.8% earlier this week.

Federal Reserve Chairman Jerome Powell declared on Tuesday the U.S. economy is both healthy enough and in need of tighter monetary policy to control inflation. That probably will mean interest rate hikes this year, tapering of monthly asset purchases and reducing the Fed’s balance sheet. Investors largely expect the Fed to start raising rates in March. Markets are pricing a nearly 79% chance for the first quarter-percentage-point increase to come in May and see about a 50% chance the Fed could enact four such hikes in 2022.

The White House is increasing federal support for Covid testing for schools in a bid to keep them open as the omicron variant rips across the U.S. The Biden administration announced Wednesday it’s making a dedicated stream of 5 million rapid tests and 5 million lab-based PCR tests available to schools starting this month. The effort is aimed at easing supply shortages and promoting safety in schools. That’s on top of more than $10 billion devoted to school-based tests authorized in the Covid relief law.

U.S. futures are higher, European stocks are higher and Asian markets ended higher.

The national average price of gasoline is unchanged at $3.301 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/20/2021 after the market close with $0.83, beating estimates of $0.626 per share.

Walgreens (WBA) reported earnings on 1/6/2021 before the market open with $1.68, beating estimates of $1.354 per share.

JPMorgan (JPM) reports earnings on 1/14/2022 before the market open.

Goldman Sachs (GS) reports earnings on 1/18/2022 before the market open.

Procter & Gamble (PG) reports earnings on 1/19/2022 before the market open.

UnitedHealth (UNH) reports earnings on 1/19/2022 before the market open.

Travelers (TRV) reports earnings on 1/20/2022 before the market open.

Honeywell (HON) reports earnings on 1/21/2022 before the market open.

IBM (IBM) reports earnings on 1/24/2022 after the market close.

3M (MMM) reports earnings on 1/25/2022 before the market open.

American Express (AXP) reports earnings on 1/25/2022 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/25/2022 before the market open.

Verizon (VZ) reports earnings on 1/25/2022 before the market open.v

Microsoft (MSFT) reports earnings on 1/25/2022 after the market close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 171.25 (-1.06%) is up +0.01% in 2022.

Financial Calendar

07:00 AM ET MBA 30-Year Mortgage Rate
07:00 AM ET MBA 30-Year Mortgage Rate
07:00 AM ET MBA Mortgage Applications (WoW)
07:00 AM ET MBA Mortgage Applications (WoW)
07:00 AM ET MBA Purchase Index
07:00 AM ET Mortgage Market Index
07:00 AM ET Mortgage Refinance Index
08:30 AM ET Core CPI (MoM) (Dec)
08:30 AM ET Core CPI (YoY) (Dec)
08:30 AM ET Core CPI Index (Dec)
08:30 AM ET CPI (YoY) (Dec)
08:30 AM ET CPI (MoM) (Dec)
08:30 AM ET CPI Index, n.s.a. (Dec)
08:30 AM ET CPI Index, s.a (Dec)
08:30 AM ET CPI, n.s.a (MoM) (Dec)
08:30 AM ET Real Earnings (MoM) (Dec)
10:30 AM ET Crude Oil Inventories
10:30 AM ET EIA Refinery Crude Runs (WoW)
10:30 AM ET Crude Oil Imports
10:30 AM ET Cushing Crude Oil Inventories
10:30 AM ET Distillate Fuel Production
10:30 AM ET EIA Weekly Distillates Stocks
10:30 AM ET Gasoline Production
10:30 AM ET Heating Oil Stockpiles
10:30 AM ET EIA Weekly Refinery Utilization Rates (WoW)
10:30 AM ET Gasoline Inventories
11:00 AM ET Cleveland CPI (MoM) (Dec)
11:00 AM ET Thomson Reuters IPSOS PCSI (Jan)
12:00 PM ET WASDE Report
13:00 PM ET 10-Year Note Auction
14:00 PM ET Beige Book
14:00 PM ET Federal Budget Balance (Dec)