The Dow Market Happenings For Thursday, February 18, 2021

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

The Market

Premarket today, the Dow was indicated to open down -200 points.

Wednesday the Dow was up +90.27 (+0.29%) at 31,613.02.

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

There were 17 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Verizon (VZ) 56.99 (+5.24%), Chevron (CVX) 95.92 (+3.00%) and Home Depot (HD) 280.92 (+2.01%).

The Dow stock losers Wednesday were led by Apple (AAPL) 130.84 (+1.76%), American Express (AXP) 128.56 (-1.62%) and Intel (INTC) 61.85 (-0.99%).

U.S. stock futures fell Thursday, after Walmart (WMT) dropped more than 4.5% in the premarket on disappointing earnings.

Walmart (WMT) reported fourth-quarter adjusted earnings of $1.39 per share, which was below estimates. Revenue grew by 7.3% to a better-than-expected $152.1 billion. The big-box retailer’s e-commerce sales in the U.S. grew by 69% and its same-store sales in the U.S. grew by 8.6%. Walmart CEO Doug McMillon said the company will boost U.S. worker wages, raising the average for hourly employees to above $15 per hour.

The Labor Department this Thursday morning reported 861,000 new filings for unemployment benefits for last week, nearly 90,000 more than expected. The prior week’s initial jobless claims reading was revised higher by 55,000 to 848,000. The four-week moving average was 833,250.

Life expectancy in the U.S. dropped a staggering one year during the first half of 2020 as the pandemic caused the first wave of coronavirus deaths. Minorities suffered the biggest impact, with Black Americans losing nearly three years and Hispanics, nearly two years, according to preliminary estimates Thursday from the CDC.

European stocks are lower and Asian markets ended mostly lower.

The national average price of gasoline is up 3.6 cents at $2.575 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) reported earnings on 2/18/2021 before the market open of $1.39, missing estimates calling for $1.505 per share.

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

Home Depot (HD) reports earnings on 2/23/2021 before the market open.

Today’s Featured Dow Stock

Goldman Sachs (GS)

Goldman Sachs (GS) 312.74 (+0.25%) is up +18.59% in 2021.

Financial Calendar

8:30 AM ET Housing Starts and Permits

8:30 AM ET Jobless Claims

8:30 AM ET Philadelphia Fed Manufacturing Index

8:30 AM ET Import and Export Prices

10:30 AM ET EIA Natural Gas Report

11:00 AM ET EIA Petroleum Status Report

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:00 AM ET 52-Week Bill Announcement

11:00 AM ET 2-Yr FRN Note Announcement

11:00 AM ET 2-Yr Note Announcement

11:00 AM ET 5-Yr Note Announcement

11:00 AM ET 7-Yr Note Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 30-Yr TIPS Auction

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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