The Dow Market Happenings For Monday, February 22, 2021

Dow stocks hitting 52 week highs include Caterpillar (CAT), 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 -189 points.

Friday the Dow was up +0.98 (+0.00%) at 31,494.32.

Year-to-date the Dow is up +2.90%.

There were 12 Dow stocks up Friday.

The Dow stock winners Friday were led by Caterpillar (CAT) 209.91 (+5.00%), Dow (DOW) 60.39 (+4.92%) and Boeing (BA) 217.47 (+4.31%).

The Dow stock losers Friday were led by Visa (V) 204.73 (-2.21%), Nike (NKE) 142.02 (-2.12%) and Procter & Gamble (PG) 127.12 (-1.86%)

The 10-year Treasury yield, which moves inversely to price, traded Monday at about 1.37%, the highest level in almost one year.

While daily U.S. Covid deaths have been dropping in recent weeks, total fatalities from the disease in America, the highest of any single country in the world, could exceed 500,000 as soon as Monday. The latest daily numbers show an average of 1,872 people died over the past seven days, down from a single-day record of 4,407 on Jan. 12. Daily new cases averaged 69,986 over the past seven days. The highest single day of new cases was just under 300,000 on January 2.

United Airlines will temporarily remove 24 of its Boeing 777s from service after one of the planes bound for Honolulu suffered an engine failure shortly after takeoff from Denver International Airport on Saturday. The plane returned to Denver safely. The FAA ordered the inspection of some Boeing 777 jetliners powered by the same Pratt & Whitney engine, the PW4000. Boeing (BA) shares were down 3% in premarket trading.

This week, McDonald’s (MCD) becomes the latest US restaurant chain to jump on the chicken sandwich craze ignited by Popeyes two years ago, rolling out its version, with original, spicy, and deluxe variations, on February 24th.

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

The national average price of gasoline is up four-tenths of a cent at $2.635 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.

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

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

Today’s Featured Dow Stock

Honeywell (HON)

Honeywell (HON) 203.56 (+0.02%) is down -4.30% in 2021.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

10:00 AM ET Leading Indicators

10:30 AM ET Dallas Fed Manufacturing Survey

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

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