DJIA Market Happenings For Tuesday, January 12, 2021

Dow stocks hitting 52 week highs include Johnson & Johnson (JNJ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +25 points.

Monday the Dow was down -89.28 (-0.29%) at 31,008.69.

Year-to-date the Dow is up +1.61%.

There were 12 Dow stocks up Monday.

The Dow stock winners Monday were led by Walgreens (WBA) 47.70 (+5.51%), Merck (MRK) 85.00 (+2.37%) and JPMorgan (JPM) 138.05 (+1.49%).

The Dow stock losers Monday were led by Apple (AAPL) 128.98 (-2.32%), Coca Cola (KO) 50.20 (-1.72%) and Salesforce (CRM) 218.25 (-1.71%).

Democrats want to oust President Donald Trump for inciting the Capitol riot and the House plans to pass a resolution Tuesday, calling on Vice President Mike Pence and the Cabinet to invoke the 25th Amendment. Pence has showed reluctance to remove Trump. If Pence fails to act, the House will meet on Wednesday morning to consider impeachment. The full House would need a 218-vote majority to impeach Trump.

Walmart (WMT) plans to create a financial-technology start-up with Ribbit Capital, one of the venture capital firms behind popular online trading app Robinhood. Walmart said it will develop unique and affordable financial products for its employees and customers. The fintech start-up will be majority-owned by Walmart, and its board will include several company executives, including CFO Brett Biggs and Walmart U.S. CEO John Furner. Walmart also will name independent industry experts to the board and may acquire or partner with other fintech companies.

European stocks are lower and Asian markets ended higher.

The national average price of gasoline is up 1.5 cents at $2.333 per gallon.

Earnings Reports

Walgreens (WBA) reported earnings on 1/7/2021 before the market open of $1.22, beating estimates calling for $1.02 per share.

JPMorgan (JPM) will report earnings on 1/15/2021 before the market open.

Goldman Sachs (GS) will report earnings on 1/19/2021 before the market open.

Procter & Gamble (PG) will report earnings on 1/20/2021 before the market open.

UnitedHealth (UNH) will report earnings on 1/20/2021 before the market open.

Coca Cola (KO) will report earnings on 1/21/2021 before the market open.

Travelers (TRV) will report earnings on 1/21/2021 before the market open.

Intel (INTC) will report earnings on 1/21/2021 after the market close.

IBM (IBM) will report earnings on 1/21/2021 after the market close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 159.37 (-0.42%) is up +1.26% in 2021.

Financial Calendar

6:00 AM ET NFIB Small Business Optimism Index

8:55 AM ET Redbook

10:00 AM ET JOLTS

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

1:00 PM ET 10-Yr Note Auction

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