The Dow Market Happenings For Wednesday, November 25, 2020

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

The Market

Premarket today, the Dow was indicated to open down -62 points.

Tuesday the Dow was up +454.97 (+1.54%) at 30,046.24.

Year-to-date the Dow is down +5.28%.

There were 26 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Chevron (CVX) 95.62 (5.04%), JPMorgan (JPM) 123.32 (+4.62%) and Goldman Sachs (GS) 237.50 (3.79%).

The Dow stock losers Tuesday were led by Amgen (AMGN) 220.46 (-0.79%), Procter & Gamble (PG) 138.31 (-0.32%) and Merck (MRK) 80.14 (-0.17%).

Unemployment insurance weekly claims in the week ending November 21, the advance figure for seasonally adjusted initial claims was 778,000, an increase of 30,000 from the previous week’s revised level. The previous week’s level was revised up by 6,000 from 742,000 to 748,000. The 4-week moving average was 748,500, an increase of 5,000 from the previous week’s revised average. The previous week’s average was revised up by 1,500 from 742,000 to 743,500. The advance seasonally adjusted insured unemployment rate was 4.1 percent for the week ending November 14, 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 November 14 was 6,071,000, a decrease of 299,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 6,372,000 to 6,370,000. The 4-week moving average was 6,615,250, a decrease of 438,000 from the previous week’s revised average. The previous week’s average was revised down by 1,250 from 7,054,500 to 7,053,250. The total number of people claiming benefits in all programs for the week ending November 7 was 20,452,223, an increase of 135,297 from the previous week. There were 1,487,844 persons claiming benefits in all programs in the comparable week in 2019.

The Fed minutes are scheduled for release today at 2pm ET.

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

The national average price of gasoline is up six-tenths of a cent at $2.115 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.

Salesforce (CRM) reports earnings on Tuesday 12/1/2020 after the market close.

Today’s Featured Dow Stock

IBM (IBM)

IBM (IBM) 124.42 (+3.61%) is up +15.58% year-to-date. IBM (IBM) YTD low was 90.56 on 03/23/2020. IBM has provided a +37.39% gain off the YTD low.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Durable Goods Orders

8:30 AM ET GDP

8:30 AM ET International Trade in Goods [Advance]

8:30 AM ET Jobless Claims

8:30 AM ET Corporate Profits

8:30 AM ET Retail Inventories (Advance)

8:30 AM ET Wholesale Inventories (Advance)

10:00 AM ET New Home Sales

10:00 AM ET Consumer Sentiment

10:00 AM ET Personal Income and Outlays

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:00 AM ET 52-Week Bill Announcement

11:00 AM ET Survey of Business Uncertainty

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

12:00 PM ET EIA Natural Gas Report

1:00 PM ET Baker Hughes Rig Count

2:00 PM ET FOMC Minutes

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