DJIA Market Happenings For Wednesday, July 22, 2020

Dow stocks hitting 52 week highs include Home Depot (HD). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -82 points.

Tuesday the Dow was up +159.53 (+0.60%) at 26,840.40.

Year-to-date the Dow is down -5.95%.

There were 21 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Chevron (CVX) 91.39 (+7.18%), Exxon Mobil (XOM) 44.65 (+5.06%) and Nike (NKE) 98.36 (+2.83%).

The Dow stock losers Tuesday were led by Apple (AAPL) 388.00 (-1.38%), Microsoft (MSFT) 208.75 (-1.35%) and Visa (V) 196.48 (-1.00%).

Pfizer (PFE) shares extended gains Wednesday after the drug maker agreed to provide 600 million doses of its developing coronavirus vaccine to the U.S. government. Under terms of the agreement with the U.S. Department of Health and Human Services and the Department of Defense, Pfizer, as well as its German partner, BioNTech BNTX, will receive $1.95 billion for the first 100 million doses of its BNT162 mRNA-based vaccine, once its approved by regulators, with the potential for a further 500 million doses to be manufactured thereafter. Earlier this week, Pfizer and BioNTech reached a deal to sell 30 million doses of its vaccine to the U.K. government. Pfizer said American citizens will be vaccinated at no charge, citing the U.S. government’s previous ‘no cost’ commitment.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is down five-tenths of a cent at $2.187 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/25/2020 after the market close of -$0.51, missing estimates calling for $0.016 per share.

Walgreens (WBA) reported earnings on 7/9/2020 before the market open of $0.83, missing estimates calling for $1.103 per share.

JPMorgan (JPM) reported earnings on 7/14/2020 before the market open of $1.38, beating estimates calling for $1.336 per share.

Goldman Sachs (GS) reported earnings on 7/15/2020 before the market open of $6.26, beating estimates calling for $3.972 per share.

UnitedHealth (UNH) reported earnings on 7/15/2020 before the market open of $7.12, beating estimates calling for $5.158 per share.

Johnson & Johnson (JNJ) reported earnings on 7/16/2020 before the market open of $1.67, beating estimates calling for $1.496 per share.

IBM (IBM) reported earnings on 7/20/2020 after the market close of $2.18, beating estimates calling for $2.136 per share.

Coca Cola (KO) reported earnings on 7/21/2020 before the market open of $0.42, beating estimates calling for $0.404 per share.

Microsoft (MSFT) reports earnings on 7/22/2020 after the market close.

Dow (DOW) reports earnings on 7/23/2020 before the market open.

Travelers (TRV) reports earnings on 7/23/2020 before the market open.

Intel (INTC) reports earnings on 7/23/2020 after the market close.

American Express (AXP) reports earnings on 7/24/2020 before the market open.

Verizon (VZ) reports earnings on 7/24/2020 before the market open.

McDonald’s (MCD) reports earnings on 7/28/2020 before the market open.

3M (MMM) reports earnings on 7/28/2020 before the market open.

Pfizer (PFE) reports earnings on 7/28/2020 before the market open.

Raytheon Technologies (RTX) reports earnings on 7/28/2020 before the market open.

Visa (V) reports earnings on 7/28/2020 after the market close.

Boeing (BA) reports earnings on 7/29/2020 before the market open.

Procter & Gamble (PG) reports earnings on 7/30/2020 before the market open.

Apple (AAPL) reports earnings on 7/30/2020 after the market close.

Caterpillar (CAT) reports earnings on 7/31/2020 before the market open.

Chevron (CVX) reports earnings on 7/31/2020 before the market open.

Merck (MRK) reports earnings on 7/31/2020 before the market open.

Exxon Mobil (XOM) reports earnings on 7/31/2020 before the market open.

Today’s Featured Dow Stock

Home Depot (HD)

Home Depot (HD) is up +20.17% year-to-date. Home Depot (HD) YTD low was 140.63 on 3/18/2020. That’s a +87.63% gain off the YTD low.

Financial Calendar

9:00 AM ET FHFA House Price Index

10:00 AM ET Existing Home Sales

10:30 AM ET EIA Petroleum Status Report

1:00 PM ET 20-Yr Bond Auction

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