DJIA Market Happenings For Wednesday, February 10, 2021

There are no Dow stocks hitting 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +126 points.

Tuesday the Dow was down -9.93 (-0.03%) at 31,375.83.

Year-to-date the Dow is up +2.51%.

There were 11 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by McDonald’s (MCD) 215.98 (+2.08%), UnitedHealth (UNH) 329.63 (+1.63%) and Boeing (BA) 215.12 (+1.50%).

The Dow stock losers Tuesday were led by Dow (DOW) 56.60 (-1.31%), Home Depot (HD) 276.77 (-1.16%) and Nike (NKE) 141.79 (-1.13%).

The government Wednesday morning reported January consumer prices rose 0.3%, matching estimates. At 2 p.m. ET, Federal Reserve Chairman Jerome Powell speaks at an Economic Club of New York webinar in an address focusing on the state of the American job market.

Coca-Cola (KO) said Wednesday the coronavirus pandemic is still hurting sales, but cost-cutting efforts helped it top analyst earnings estimates. Shares of the Dow component rose 2% in premarket trading. The beverage giant made 47 cents per share in the fourth quarter. Net sales dropped 5% to $8.6 billion, missing expectations. All four of its beverage segments reported volume declines.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up seven-tenths of a cent at $2.476 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) reported 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) reported earnings on 1/27/2021 after the market close of $1.68, beating estimates of $1.406 per share.

Dow (DOW) reported earnings on 1/28/2021 before the market open $0.81, missing estimates of $0.685 per share.

McDonald’s (MCD) reported earnings on 1/28/2021 before the market open $1.70, missing estimates of $1.752 per share.

Visa (V) reported earnings on 1/28/2021 after the market close of $1.42, beating estimates of $1.271 per share.

Caterpillar (CAT) reported earnings on 1/29/2021 before the market open of $2.12, beating estimates of $1.456 per share.

Chevron (CVX) reported earnings on 1/29/2021 before the market open of -$0.01, missing estimates of $0.079 per share.

Honeywell (HON) reported earnings on 1/29/2021 before the market open of $2.07, beating estimates of $1.998 per share.

Pfizer (PFE) reported earnings on 2/2/2021 before the market open of $0.42, missing estimates of $0.455 per share.

Amgen (AMGN) reported earnings on 2/2/2021 after the market close of $3.81, beating estimates of $3.359 per share.

Merck (MRK) reported earnings on 2/4/2021 before the market open of $1.32, missing estimates of $1.364 per share.

Cisco (CSCO) reported earnings on 2/9/2021 after the market close of $0.79, beating estimates of $0.68 per share.

Coca Cola (KO) reported earnings on 2/10/2021 before the market open of $0.47, beating estimates of $0.414 per share.

Disney (DIS) reports earnings on 2/11/2021 after the market close.

Walmart (WMT) reports earnings on 2/18/2021 before the market open.

Today’s Featured Dow Stock

Salesforce (CRM)

Salesforce (CRM) 236.70 (-0.93%) is up +6.37% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET CPI

10:00 AM ET Atlanta Fed Business Inflation Expectations

10:00 AM ET Wholesale Inventories (Preliminary)

10:30 AM ET EIA Petroleum Status Report

1:00 PM ET 10-Yr Note Auction

2:00 PM ET Jerome Powell Speaks

2:00 PM ET Treasury Statement

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