DJIA Market Happenings For Wednesday, October 21, 2020

Dow stocks hitting 52 week highs include Caterpillar (CAT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -8 points.

Tuesday the Dow was up +113.37 (+0.40%) at 28,308.79.

Year-to-date the Dow is down -0.80%.

There were 24 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Travelers (TRV) 118.11 (+5.60%), Walgreens (WBA) 37.49 (+1.41%) and Apple (AAPL) 117.51 (+1.32%).

The Dow stock losers Tuesday were led by IBM (IBM) 117.37 (-6.49%), Intel (INTC) 53.43 (-2.11%) and Merck (MRK) 78.27 (-0.51%).

Markets are awaiting another fiscal stimulus plan between the Trump administration and House Democrats, with House Speaker Nancy Pelosi, D-Calif., waving off her self-imposed Tuesday deadline for a pre-election deal. Talks were set to continue on Wednesday.

European stocks are mostly lower and Asian markets ended mostly higher.

The national average price of gasoline is unchanged at $2.164 per gallon.

Earnings Reports

Nike (NKE) 116.87 (+3.09%) reported earnings on 9/22/2020 after the market close of $0.95, beating estimates calling for $0.458 per share. Last I checked it was trading at 132.15 in after-hours. [Closed at $114.90, +1.93% on 9/9/2020]

Johnson & Johnson (JNJ) 148.88 (+1.24%) reported earnings on Tuesday 10/13/2020 before the market open of $2.20, beating estimates calling for $1.987 per share.

JPMorgan (JPM) 96.27 (+0.96%) reported earnings on Tuesday 10/13/2020 before the market open of $2.92, beating estimates calling for $2.353 per share.

Goldman Sachs (GS) reported earnings on Wednesday 10/14/2020 before the market open of $9.68, beating estimates calling for $5.57 per share.

UnitedHealth (UNH) reported earnings on Wednesday 10/14/2020 before the market open of $3.51, beating estimates of $2.981 per share.

Walgreens (WBA) reported earnings on Thursday 10/15/2020 before the market open of $1.02, beating estimates of $0.96 per share.

IBM (IBM) reported earnings on Monday 10/19/2020 after the market close of $2.58, beating estimates calling for $2.545 per share.

Procter & Gamble (PG) reported earnings on Tuesday 10/20/2020 before the market open of $1.63, beating estimates of $1.428 per share.

Travelers (TRV) reported earnings on Tuesday 10/20/2020 before the market open of $3.12, beating estimates of $2.907 per share.

Verizon (VZ) reported earnings on Wednesday 10/21/2020 before the market open of $1.25, beating estimates of $1.217 per share.

Dow (DOW) reports earnings on Thursday 10/22/2020 before the market open.

Coca Cola (KO) reports earnings on Thursday 10/22/2020 before the market open.

Intel (INTC) reports earnings on Thursday 10/22/2020 after the market close.

American Express (AXP) reports earnings on Friday 10/23/2020 before the market open.

Honeywell (HON) reports earnings on Friday 10/23/2020 before the market open.

3M (MMM) reports earnings on Tuesday 10/27/2020 before the market open.

Merck (MRK) reports earnings on Tuesday 10/27/2020 before the market open.

Microsoft (MSFT) reports earnings on Tuesday 10/27/2020 after the market close.

Boeing (BA) reports earnings on Wednesday 10/28/2020 before the market open.

Amgen (AMGN) reports earnings on Wednesday 10/28/2020 after the market close.

Visa (V) reports earnings on Wednesday 10/28/2020 after the market close.

Apple (AAPL) reports earnings on Thursday 10/29/2020 after the market close.

Chevron (CVX) reports earnings on Friday 10/30/2020 before the market open.

Honeywell (HON) reports earnings on Friday 10/30/2020 before the market open.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 227.45 (+0.64%) is up +15.10% year-to-date. McDonald’s (MCD) YTD low was 124.23 on 3/18/2020. McDonald’s has provided a +83.09% gain off the YTD low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

10:30 AM ET EIA Petroleum Status Report

1:00 PM ET 20-Yr Bond Auction

2:00 PM ET Beige Book

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