DJIA Market Happenings For Thursday, February 25, 2021

Dow stocks hitting 52 week highs include American Express (AXP), Caterpillar (CAT), Chevron (CVX), Disney (DIS), Dow (DOW), Goldman Sachs (GS), JPMorgan (JPM) and Visa (V).

There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -14 points.

Wednesday the Dow was up +424.51 (+1.35%) at 31,961.86.

Year-to-date the Dow is up +4.43%.

There were 26 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Boeing (BA) 229.34 (+8.12%), Chevron (CVX) 103.31 (+3.69%) and Goldman Sachs (GS) 330.64 (+3.58%).

The Dow stock losers Wednesday were led by Home Depot (HD) 259.97 (-2.72%), Walmart (WMT) 133.21 (-1.67%) and Amgen (AMGN) 229.99 (-1.06%).

Yesterday the DJIA wiped out a 110-point loss and climbed 424 points, or 1.4%, to a record closing high.

Unemployment insurance weekly claims in the week ending February 20, the advance figure for seasonally adjusted initial claims was 730,000, a decrease of 111,000 from the previous week’s revised level. The previous week’s level was revised down by 20,000 from 861,000 to 841,000. The 4-week moving average was 807,750, a decrease of 20,500 from the previous week’s revised average. The previous week’s average was revised down by 5,000 from 833,250 to 828,250. The advance seasonally adjusted insured unemployment rate was 3.1 percent for the week ending February 13, a decrease of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending February 13 was 4,419,000, a decrease of 101,000 from the previous week’s revised level. The previous week’s level was revised up 26,000 from 4,494,000 to 4,520,000. The 4-week moving average was 4,547,000, a decrease of 91,500 from the previous week’s revised average. The previous week’s average was revised up by 6,500 from 4,632,000 to 4,638,500. The total number of continued weeks claimed for benefits in all programs for the week ending February 6 was 19,042,686, an increase of 701,102 from the previous week. There were 2,130,673 weekly claims filed for benefits in all programs in the comparable week in 2020.

Republicans rallied against Democrats’ proposed $1.9 trillion Covid relief bill as lawmakers awaited a decision by the Senate’s parliamentarian that could bolster or kill a pivotal provision hiking the federal minimum wage. Despite narrow majorities on Capitol Hill, Democratic leaders were poised to push the sweeping package through the House on Friday. They were hoping the Senate would follow quickly enough to have legislation on President Joe Biden’s desk by mid-March.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up 1.8 cents at $2.678 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) reported earnings on 2/23/2021 before the market open of $2.64, beating estimates of $2.629 per share.

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

Nike (NKE) reports earnings on 3/18/2021 after the market close.

Today’s Featured Dow Stock

Johnson & Johnson (JNJ)

Johnson & Johnson (JNJ) 162.59 (+1.34%) is up +3.31% in 2021.

Financial Calendar

8:30 AM ET Durable Goods Orders

8:30 AM ET GDP

8:30 AM ET Jobless Claims

10:00 AM ET Pending Home Sales Index

10:30 AM ET EIA Natural Gas Report

11:00 AM ET Kansas City Fed Manufacturing Index

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 7-Yr Note Auction

4:30 PM ET Fed Balance Sheet

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