The Dow Market Happenings For Tuesday, November 17, 2020

Dow stocks hitting 52 week highs include Walmart (WMT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -155 points.

Monday the Dow was up +470.63 (+1.60%) at 29,950.44.

Year-to-date the Dow is down +4.95%.

There were 26 Dow stocks up Monday.

The Dow stock winners Monday were led by Boeing (BA) 202.40 (+8.17%), Chevron (CVX) 88.96 (+7.14%) and Disney (DIS) 144.67 (+4.56%).

The Dow stock losers Monday were led by Procter & Gamble (PG) 142.43 (-1.128%), Merck (MRK) 80.18 (-1.12%) and Amgen (AMGN) 236.66 (-0.29%).

Walmart (WMT) U.S. e-commerce sales soared by 79% in the third quarter, as customers continued to shop online during the coronavirus pandemic. Instead of shopping store aisles, more customers are shipping purchases to their homes, getting groceries dropped off at their doors or picking up online purchases by the curbside. Earnings per share were $1.34, adjusted vs. $1.18 expected. Revenue was $134.7 billion vs. $132.2 billion expected. U.S. same-store sales was up 6.4% vs. a gain of 3.9% expected.

Home Depot (HD) a solid quarter but noted expenses would rise by $1 billion as it works to bring on more employees. See EPS numbers below in the earnings section.

European stocks are mostly lower and Asian markets mostly higher.

The national average price of gasoline is down four-tenths of a cent at $2.121 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) reported earnings on Monday 11/09/2020 before the market open of $2.22, beating estimates calling for $1.926 per share.

Cisco (CSCO) reported earnings on Thursday 11/12/2020 after the market close of $0.76, beating estimates of $0.632 per share.

Disney (DIS) reported earnings on Thursday 11/12/2020 after the market close of -$0.20, beating estimates of -$0.683 per share.

Home Depot (HD) reported earnings on Tuesday 11/17/2020 before the market open of $3.18, beating estimates of $3.078 per share.

Walmart (WMT) reported earnings on Tuesday 11/17/2020 before the market open of $1.34, beating estimates calling for $1.192 per share.

Today’s Featured Dow Stock

Chevron (CVX)

Chevron (CVX) 88.96 (+7.14%) is down -26.18% year-to-date. Chevron (CVX) YTD low was 51.60 on 03/19/2020. Chevron has provided a +72.40% gain off the YTD low.

Financial Calendar

8:30 AM ET Retail Sales

8:30 AM ET Import and Export Prices

8:55 AM ET Redbook

9:15 AM ET Industrial Production

10:00 AM ET Business Inventories

10:00 AM ET Housing Market Index

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

4:00 PM ET Treasury International Capital

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