The Dow Market Happenings For Monday, November 9, 2020

Dow stocks hitting 52 week highs include Honeywell (HON). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +1663 points.

Friday the Dow was down -66.78 (-0.24%) at 28,323.40.

Year-to-date the Dow is down -0.75%.

There were 12 Dow stocks up Friday.

The Dow stock winners Friday were led by Johnson & Johnson (JNJ) 142.25 (+1.78%), Walmart (WMT) 145.77 (+1.60%) and Cisco (CSCO) 37.53 (+0.81%).

The Dow stock losers Friday were UnitedHealth (UNH) 347.46 (-1.96%), Dow (DOW) 48.23 (-1.51%) and American Express (AXP) 96.69 (-1.45%).

Stock futures picked up major momentum Monday, along with oil, after positive news from Pfizer on a COVID-19 vaccine and after Joe Biden was named president-elect over the weekend.

The Covid-19 vaccine being developed by Pfizer Inc. and BioNTech SE prevented more than 90% of infections in a study of tens of thousands of volunteers, the most encouraging scientific advance so far in the battle against the coronavirus.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up three-tenths of a cent at $2.111 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) reported earnings on Thursday 10/22/2020 before the market open of $0.50, beating estimates of $0.33 per share.

Coca Cola (KO) reported earnings on Thursday 10/22/2020 before the market open of $0.55, beating estimates of $0.454 per share.

Intel (INTC) reported earnings on Thursday 10/22/2020 after the market close of $1.11, meeting (slightly beating) expectations of $1.103 per share.

American Express (AXP) reported earnings on Friday 10/23/2020 before the market open of $1.30, missing estimates of $1.39 per share.

3M (MMM) reported earnings on Tuesday 10/27/2020 before the market open of $2.43, beating estimates of $2.27 per share.

Merck (MRK) reported earnings on Tuesday 10/27/2020 before the market open of $1.74, beating estimates of $1.442 per share.

Microsoft (MSFT) reported earnings on Tuesday 10/27/2020 after the market close of $1.82, beating estimates of $1.528 per share.

Boeing (BA) reported earnings on Wednesday 10/28/2020 before the market open of -$1.39, beating estimates of -$2.334 peer share.

Amgen (AMGN) reported earnings on Wednesday 10/28/2020 after the market close of $4.37, beating estimates of $3.746 per share.

Visa (V) reported earnings on Wednesday 10/28/2020 after the market close of $1.12, beating estimates of $1.092 per share.

Apple (AAPL) reported earnings on Thursday 10/29/2020 after the market close of $0.73, beating estimates of $0.691 per share.

Chevron (CVX) reported earnings on Friday 10/30/2020 before the market open of $0.11, beating estimates of -$0.0287 per share.

Honeywell (HON) reported earnings on Friday 10/30/2020 before the market open of $1.56, beating estimates of $1.486 per share.

McDonald’s (MCD) reports earnings on Monday 11/09/2020 before the market open.

Cisco (CSCO) reports earnings on Thursday 11/12/2020 after the market close.

Disney (DIS) reports earnings on Thursday 11/12/2020 after the market close.

Home Depot (HD) reports earnings on Tuesday 11/17/2020 before the market open.

Walmart (WMT) reports earnings on Tuesday 11/17/2020 before the market open.

Today’s Featured Dow Stock

Amgen (AMGN)

Amgen (AMGN) 231.67 (-0.13%) is down -3.90% year-to-date. Amgen (AMGN) YTD low was 177.05 on 03/23/2020. Amgen has provided a +30.85% gain off the YTD low.

Financial Calendar

10:00 AM ET 3-Month Bill Auction

10:00 AM ET 6-Month Bill Auction

12:30 PM ET Investor Movement Index

1:00 PM ET 3-Yr Note Auction

You can leave a response, or trackback from your own site.

Leave a Reply

You must be logged in to post a comment.