The Dow Market Happenings For Tuesday, August 3, 2021 – American Express (AXP) +40% YTD

Dow stocks hitting 52 week highs include Cisco (CSCO), Honeywell (HON) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +74 points.

Monday the Dow closed down -97.31 (-0.28%) at 34,838.16.

Year-to-date the Dow is up +13.83%.

There were 7 Dow stocks up Monday.

The Dow stock winners Monday were led by Goldman Sachs (GS) 378.19 (+0.88%), UnitedHealth (UNH) 415.57 (+0.81%) and Nike (NKE) 168.75 (+0.74%)

The Dow stock losers Monday were led by Visa (V) 239.78 (-2.68%), Dow (DOW) 61.22 (-1.51%) and McDonald’s (MCD) 240.10 (-1.08%).

The Dow is less than 1% away from last week’s record close.

Bond yields turned lower Tuesday morning, with the 10-year Treasury yield around 1.17%, despite concerns about a slowdown in growth. Bond yields move inversely to prices. The 10-year Treasury yield fell to as low as 1.15% on Monday, after data showed the U.S. manufacturing sector expanded at a slower pace in July than in the previous month. Federal Reserve Governor Christopher Waller said Monday the central bank could start tapering its bond purchases as early as October.

The seven-day average of new daily coronavirus cases in the U.S. reached 72,790 on Friday, surpassing the peak seen last summer, when the nation didn’t have a Covid vaccine, according to CDC data. As of Monday, the seven-day average was 85,459. The CDC said that 80% of all U.S. counties have high and substantial Covid transmission levels.

McDonald’s (MCD) on Monday confirmed that all its customers and staff will need to start wearing masks again inside its U.S. restaurants in areas with high or substantial transmission, regardless of whether they are vaccinated or not.

US futures are higher, European stocks are mostly higher and Asian markets ended lower.

The national average price of gasoline is up six-tenths of a cent at $3.182 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/24/2021 after the market close of $0.93, beating estimates of $0.51 per share.

Walgreens (WBA) reported earnings on 7/1/2021 before the market open of $1.51, beating estimates of $1.114 per share.

Goldman Sachs (GS) reported earnings on 7/13/2021 before the market open of $15.02, beating estimates of $10.24 per share.

JPMorgan (JPM) reported earnings on 7/13/2021 before the market open of $3.78, beating estimates of $3.10 per share.

UnitedHealth (UNH) reported earnings on 7/15/2021 before the market open of $4.70, beating estimates of $4.407 per share.

IBM (IBM) reported earnings on 7/19/2021 after the market close of $2.33, beating estimates of $2.252 per share.

Travelers (TRV) reported earnings on 7/20/2021 before the market open of $3.45, beating estimates of $2.346 per share.

Johnson & Johnson (JNJ) reported earnings on 7/21/2021 before the market open of $2.48, beating estimates of $2.28 per share.

Coca Cola (KO) reported earnings on 7/21/2021 before the market open of $0.68, beating estimates of $0.566 per share.

Verizon (VZ) reported earnings on 7/21/2021 before the market open of $1.37, beating estimates of $1.303 per share.

Dow (DOW) reported earnings on 7/22/2021 before the market open of $2.72, beating estimates calling for $2.477 per share.

Intel (INTC) reported earnings on 7/22/2021 after the market close of $1.28, beating estimates of $1.057 per share.

American Express (AXP) reported earnings on 7/23/2021 before the market open of $2.80, beating estimates of $1.641 per share.

Honeywell (HON) reported earnings on 7/23/2021 before the market open of $2.02, beating estimates of $1.938 per share.

3M (MMM) reported earnings on 7/27/2021 before the market open of $2.59, beating estimates of $2.245 per share.

Apple (AAPL) reported earnings on 7/27/2021 after the market close of $1.30, beating estimates of $1.001 per share.

Microsoft (MSFT) reported earnings on 7/27/2021 after the market close of $2.17, beating estimates of $1.90 per share.

Visa (V) reported earnings on 7/27/2021 after the market close of $1.49, beating estimates of $1.334 per share.

Boeing (BA) reported earnings on 7/28/2021 before the market open of $0.40, beating estimates of -$0.654 per share.

McDonald’s (MCD) reported earnings on 7/28/2021 before the market open of $2.37, beating estimates of $2.123 per share.

Merck (MRK) reported earnings on 7/29/2021 before the market open of $1.30, missing estimates calling for $1.325 per share.

Caterpillar (CAT) reported earnings on 7/30/2021 before the market open of $2.56, beating estimates of $2.36 per share.

Chevron (CVX) reported earnings on 7/30/2021 before the market open of $1.60, beating estimates of $1.536 per share.

Procter & Gamble (PG) reported earnings on 7/30/2021 before the market open of $1.13, beating estimates of $1.083 per share.

Amgen (AMGN) reports earnings on 8/3/2021 after the market close.

Disney (DIS) reports earnings on 8/12/2021 after the market close.

Today’s Featured Dow Stock

American Express (AXP)

American Express (AXP) 169.27 (-0.74%) is up +40% in 2021.

Financial Calendar

8:55 AM ET Redbook

10:00 AM ET Factory Orders

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

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