DJIA Market Happenings For Wednesday, January 27, 2021

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

The Market

Premarket today, the Dow was indicated to open down -335 points.

Tuesday the Dow was down -22.96 (-0.07%) at 30,937.04.

Year-to-date the Dow is up +1.08%.

There were 14 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by IBM (IBM) 122.49 (+3.30%), 3M (MMM) 175.95 (+3.26%) and Walgreens (WBA) 49.19 (+2.86%).

The Dow stock losers Tuesday were led by American Express (AXP) 116.15 (-4.13%), Verizon (VZ) 56.57 (-3.17%) and Dow (DOW) 55.74 (-2.60%).

Microsoft (MSFT) kicked off Big Tech earnings, delivering fiscal second-quarter profit of $2.03 per share and revenue of nearly $43.1 billion. The company’s Azure cloud computing unit had a particularly strong quarter, as did its advertising businesses at LinkedIn and in search. Microsoft also issued rosy guidance on overall third-quarter revenue.

Boeing (BA) reported a record net-loss of $11.9 billion in 2020, results that worsened as the company pushed back the debut of its 777X plane to late 2023. The struggling aircraft maker took a $6.5 billion charge in the fourth quarter. Boeing reported a Q4 loss of $15.25 per share. Revenue of $15.3 billion exceeded expectations.

Biden said Tuesday the U.S. government is working to purchase an additional 200 million doses of Covid vaccines, split evenly between Pfizer’s shots and Moderna’s, in a move that could provide enough doses for nearly every American to get fully inoculated by the fall. The Trump administration passed on purchasing more doses of the Pfizer and Moderna vaccines, the only two so far cleared for emergency use in the U.S. Trump officials instead sought to rely on additional vaccines coming to market.

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

The national average price of gasoline is up eight-tenths of a cent at $2.408 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) reported earnings on 1/15/2021 before the market open of $3.79, beating estimates of $2.72 per share.

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

Procter & Gamble (PG) reported earnings on 1/20/2021 before the market open $1.64, beating estimates of $1.51 per share.

UnitedHealth (UNH) reported earnings on 1/20/2021 before the market open of $2.52, beating estimates of $2.394 per share

Travelers (TRV) reported earnings on 1/21/2021 before the market open of $4.91, beating estimates of $3.004 per share.

Intel (INTC) reported earnings on 1/21/2021 after the market close of $1.52, beating estimates of $1.10 per share.

IBM (IBM) reported earnings on 1/21/2021 after the market close of $2.07, beating estimates of $1.778 per share.

3M (MMM) reported earnings on 1/26/2021 before the market open of $2.38, beating estimates of $2.187 per share.

American Express (AXP) reported earnings on 1/26/2021 before the market open of $1.76, beating estimates of $1.264 per share.

Johnson & Johnson (JNJ) reported earnings on 1/26/2021 before the market open of $1.86, beating estimates of $1.806 per share.

Verizon (VZ) reported earnings on 1/26/2021 before the market open of $1.21, beating estimates of $1.163 per share.

Microsoft (MSFT) reporte earnings on 1/26/2021 after the market close of $2.03, beating estimates of $1.637 per share.

Boeing (BA) reported earnings on 1/27/2021 before the market open of -$15.25, missing estimates calling for -$1.779 per share.

Apple (AAPL) reports earnings on 1/27/2021 after the market close.

McDonald’s (MCD) reports earnings on 1/28/2021 before the market open.

Visa (V) reports earnings on 1/28/2021 after the market close.

Caterpillar (CAT) reports earnings on 1/29/2021 before the market open.

Chevron (CVX) reports earnings on 1/29/2021 before the market open.

Honeywell (HON) reports earnings on 1/29/2021 before the market open.

Amgen (AMGN) reports earnings on 2/2/2021 after the market close.

Merck (MRK) reports earnings on 2/4/2021 before the market open.

Coca Cola (KO) reports earnings on 2/10/2021 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) 343.11 (-1.35%) is down -2.16% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET Durable Goods Orders

10:00 AM ET State Street Investor Confidence Index

10:30 AM ET EIA Petroleum Status Report

11:00 AM ET Survey of Business Uncertainty

11:30 AM ET 2-Yr FRN Note Auction

2:00 PM ET FOMC Announcement

2:30 PM ET Fed Chair Press Conference

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

Leave a Reply

You must be logged in to post a comment.