Dow stocks hitting 52 week highs include Caterpillar (CAT), Dow (DOW), Goldman Sachs (GS) and JPMorgan (JPM). There are no Dow stock 52 week lows.
Premarket today, the Dow was indicated to open up +9 points.
Tuesday the Dow was up +60.00 (+0.19%) at 31,068.69.
Year-to-date the Dow is up +1.51%.
There were 16 Dow stocks up Tuesday.
The Dow stock winners Tuesday were led by Dow (DOW) 61.04 (+3.70%), Intel (INTC) 53.24 (+3.30%) and Goldman Sachs (GS) 302.21 (+2.85%).
The Dow stock losers Tuesday were led by Merck (MRK) 83.09 (-2.25%), Visa (V) 208.86 (-1.89%) and Disney (DIS) 175.99 (-1.73%).
Trump is on the verge of being impeached a second time. The House set the unprecedented vote for Wednesday, exactly one week after supporters of the outgoing president attacked the U.S. Capitol. While no House Republicans voted for Trump’s first impeachment, this time a small yet significant number, including third-ranking GOP Rep. Liz Cheney, said they will do so. Senate Majority Leader Mitch McConnell has reportedly told associates he thinks Trump committed impeachable acts, though it’s not known if the Kentucky Republican would vote to remove the president. A conviction in the Senate, even after Trump leaves office, would prevent him from becoming president again. It’s unclear if the Senate would try to hold Trump’s impeachment trial before President-elect Joe Biden’s inauguration next Wednesday.
The House is moving ahead with its impeachment vote after Vice President Mike Pence ruled out invoking the 25th Amendment to remove Trump. The House on Tuesday night passed a resolution calling on Pence and the Cabinet to try to push Trump out of office over his role in inciting the Capitol attack. In a letter to House Speak Nancy Pelosi, Pence wrote, “I do not believe that such a course of action is in the best interest of our Nation or consistent with our Constitution.”
Speaking publicly Tuesday for the first time since last week’s siege, Trump did not take any responsibility for the mob violence and warned a second impeachment could be dangerous for the country. Later in the day at the border wall in Texas, Trump made a vague threat against Biden while insisting Pence and his Cabinet won’t remove him from office.
YouTube on Tuesday suspended Trump’s account, saying the president uploaded content that violated its policies, though it did not specify any videos. The so-called strike-one on the platform prevents new uploads for a minimum seven days. “Given the ongoing concerns about violence, we will also be indefinitely disabling comments on President Trump’s channel,” said YouTube, owned by Alphabet’s Google unit. YouTube’s decision to freeze Trump’s account follows the indefinite suspension of the president’s Facebook account and the permanent suspension of his Twitter account.
Operation Warp Speed chief advisor Dr. Moncef Slaoui has submitted his resignation at the request of the incoming Biden Covid team, under a plan that would see him stay in the role for a month to help with the transition, according to two people familiar with the situation. Though the initial vaccine rollout has been criticized, the speed of their development, which Slaoui oversaw, exceeded expectations, with vaccines from Pfizer and Moderna approved for emergency use in the U.S. by the FDA.
European stocks are mostly lower and Asian markets ended mostly lower.
The national average price of gasoline is up 1.7 cents at $2.350 per gallon.
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.
3M (MMM) will report earnings on 1/26/2021 before the market open.
American Express (AXP) will report earnings on 1/26/2021 before the market open.
Johnson & Johnson (JNJ) will report earnings on 1/26/2021 before the market open.
Verizon (VZ) will report earnings on 1/26/2021 before the market open.
Microsoft (MSFT) will report earnings on 1/26/2021 after the market close.
Today’s Featured Dow Stock
JPMorgan (JPM) 140.22 (+1.57%) is up +10.35% in 2021.
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