DJIA Market Happenings For Wednesday, February 17, 2021

Dow stocks hitting 52 week highs include Caterpillar (CAT), Goldman Sachs (GS), JPMorgan (JPM) and Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -94 points.

Tuesday the Dow was up +64.35 (+0.20%) at 31,522.75.

Year-to-date the Dow is up +3.03%.

There were 13 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Salesforce (CRM) 248.59 (+3.42%), Boeing (BA) 217.18 (+2.94%) and JPMorgan (JPM) 144.65 (+2.41%).

The Dow stock losers Tuesday were led by Walgreens (WBA) 49.14 (-2.46%), Amgen (AMGN) 232.84 (-1.84%) and Cisco (CSCO) 46.51 (-1.65%).

The Commerce Department’s January retail sales report showed a 5.3% increase, blowing away estimates for a 1.2% advance. One month after Congress approved a $900 billion additional Covid stimulus package on top of the $2.2 trillion approved earlier in 2020, shoppers were armed with $600 checks that they used to buy a variety of goods. The Labor Department’s January producer prices index rose 1.3%, again much higher than estimates, which had called for a 0.4% increase.

Warren Buffett’s Berkshire Hathaway bought stakes worth $4.1 billion in Chevron (CVX) and $8.6 billion in Verizon (VZ) shares during the fourth quarter, according to the conglomerate’s latest 13-F filing with the SEC. Berkshire also sold its stakes in drugmaker Pfizer (PFE) and JPMorgan Chase (JPM). Apple (AAPL) is still its biggest holding, but Berkshire continued to trim its lucrative in the company, cutting it by about 6%.

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

The national average price of gasoline is up 2 cents at $2.539 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) reported earnings on 2/11/2021 after the market close of $0.32, beating estimates of -$0.448 per share.

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

Salesforce (CRM) reports earnings on 2/25/2021 after the market close.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) 58.75 (+1.03%) is up +5.86% in 2021.

Financial Calendar

7:00 AM ET MBA Mortgage Applications

8:30 AM ET PPI-Final Demand

8:30 AM ET Retail Sales

8:55 AM ET Redbook

9:15 AM ET Industrial Production

10:00 AM ET Business Inventories

10:00 AM ET Housing Market Index

1:00 PM ET 20-Yr Bond Auction

2:00 PM ET FOMC Minutes

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