DJIA Market Happenings For Monday, January 25, 2021

Dow stocks hitting 52 week highs include Apple (AAPL) and Johnson & Johnson (JNJ). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -113 points.

Friday the Dow was down -179.03 (-0.57%) at 30,996.98.

Year-to-date the Dow is up +1.28%.

There were 11 Dow stocks up Friday.

The Dow stock winners Friday were led by Home Depot (HD) 284.00 (+1.77%), Salesforce (CRM) 225.77 (+1.62%) and Apple (AAPL) 139.07 (+1.61%).

The Dow stock losers Friday were led by IBM (IBM) 118.61 (-9.91%), Intel (INTC) 56.66 (-9.29%) and UnitedHealth (UNH) 347.55 (-2.10%).

Merck (MRK) fell nearly 1% in premarket trading after the U.S. drug giant announced Monday that it’s discontinuing its Covid vaccine program. Merck said its two vaccine candidates generated immune responses that were inferior to those seen for other vaccines. The company said it will now focus its pandemic research on treatments, with initial efficacy data on an experimental oral antiviral expected by the end of March.

Top Biden aides spoke with a group of moderate Senate Republicans and Democrats on Sunday about the president’s $1.9 trillion coronavirus relief proposal. Conservatives are questioning whether more stimulus is needed on top of December’s $900 billion package, while progressives are urging Biden to stand his ground. The White House during Sunday’s call did not seem to budge on breaking up the plan or reducing the overall price tag even as it pushes for bipartisan support. The new president has been taking a number of steps to fight Covid on the health and economic fronts as 3,088 people are dying per day, according the latest daily seven-day average.

House Democrats on Monday evening will carry the sole impeachment charge against Trump of “incitement of insurrection” across the Capitol, passing the baton to the Senate for a trial scheduled to start in two weeks. Leaders in both parties agreed to the short delay to give Trump’s team and House prosecutors time to prepare. Unlike Trump’s first impeachment trial, which resulted in a Senate acquittal, more Republicans are indicating their support for conviction this time and a separate vote to bar Trump from holding office again.

European stocks are lower and Asian markets ended higher.

The national average price of gasoline is up one-tenth of a cent at $2.400 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) reports earnings on 1/26/2021 before the market open.

American Express (AXP) reports earnings on 1/26/2021 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/26/2021 before the market open.

Verizon (VZ) reports earnings on 1/26/2021 before the market open.

Microsoft (MSFT) reports earnings on 1/26/2021 after the market close.

Boeing (BA) reports earnings on 1/27/2021 before the market open.

Apple (AAPL) reports earnings on 1/27/2021 after the market close.

McDonald’s (MCD) reports earnings on 1/28/2021 before the market open.

Visa (V) reports earnings on 1/28/2021 after the market close.

Caterpillar (CAT) reports earnings on 1/29/2021 before the market open.

Chevron (CVX) reports earnings on 1/29/2021 before the market open.

Honeywell (HON) reports earnings on 1/29/2021 before the market open.

Amgen (AMGN) reports earnings on 2/2/2021 after the market close.

Merck (MRK) reports earnings on 2/4/2021 before the market open.

Coca Cola (KO) reports earnings on 2/10/2021 before the market open.

Today’s Featured Dow Stock

Procter & Gamble (PG)

Procter & Gamble (PG) 130.00 (-0.77%) is down -6.57% in 2021.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

10:30 AM ET Dallas Fed Manufacturing Survey

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

1:00 PM ET 2-Yr Note Auction

The Dow Market Happenings For Friday, January 22, 2021

Dow stocks hitting 52 week highs include Apple (AAPL) and Travelers (TRV). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -223 points.

Thursday the Dow was down -12.37 (-0.04%) at 31,176.01.

Year-to-date the Dow is up +1.86%.

There were 10 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Intel (INTC) 62.46 (+6.46%), Apple (AAPL) 136.87 (+3.67%) and Travelers (TRV) 148.72 (+2.55%).

The Dow stock losers Thursday were led by Chevron (CVX) 92.01 (-3.53%), Walgreens (WBA) 47.07 (-2.12%) and Boeing (BA) 207.41 (-1.91%).

Shares of IBM (IBM) fell 7% in Friday’s premarket, the morning after the company reported disappointing fourth-quarter revenue of $20.37 billion. Software sales declined as pandemic-induced uncertainty kept some customers from striking long-term deals. The company has sought to go bigger in cloud computing and artificial intelligence under new CEO Arvind Krishna. IBM’s adjusted quarterly earnings of $2.07 per share did beat estimates.

Intel (INTC) said it released quarterly results earlier than expected, minutes before Thursday’s market close, because an infographic got out. Intel shares closed the regular session nearly 6.5% higher after earnings and revenue beat estimates. But after hours, the stock fell about 4% after incoming CEO Pat Gelsinger said on the post-earnings call with analysts that the majority of the chipmaker’s 2023 products will be made in house rather than outsourced. Gelsinger, outgoing VMWare CEO, takes over at IBM next month.

President Joe Biden on Friday plans to sign two executive orders to provide stopgap financial relief to millions of Americans while lawmakers begin to consider his massive $1.9 trillion Covid stimulus package. The orders will increase food aid, protect job seekers on unemployment and clear a path for federal workers and contractors to get a $15 hourly minimum wage. Biden has taken several actions during his first days as president to control the virus and offer economic relief.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up two-tenths of a cent at $2.398 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) reports earnings on 1/26/2021 before the market open.

American Express (AXP) reports earnings on 1/26/2021 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/26/2021 before the market open.

Verizon (VZ) reports earnings on 1/26/2021 before the market open.

Microsoft (MSFT) reports earnings on 1/26/2021 after the market close.

Boeing (BA) reports earnings on 1/27/2021 before the market open.

Apple (AAPL) reports earnings on 1/27/2021 after the market close.

McDonald’s (MCD) reports earnings on 1/28/2021 before the market open.

Visa (V) reports earnings on 1/28/2021 after the market close.

Caterpillar (CAT) reports earnings on 1/29/2021 before the market open.

Chevron (CVX) reports earnings on 1/29/2021 before the market open.

Honeywell (HON) reports earnings on 1/29/2021 before the market open.

Coca Cola (KO) reports earnings on 2/10/2021 before the market open.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 141.67 (-0.83%) is up +0.09% in 2021.

Financial Calendar

9:45 AM ET PMI Composite Flash

10:00 AM ET Existing Home Sales

10:30 AM ET EIA Natural Gas Report

11:00 AM ET EIA Petroleum Status Report

1:00 PM ET Baker Hughes Rig Count

DJIA Market Happenings For Thursday, January 21, 2021

Dow stocks hitting 52 week highs include Johnson & Johnson (JNJ) and Travelers (TRV). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +8 points.

Wednesday the Dow was up +257.86 (+0.83%) at 31,188.38.

Year-to-date the Dow is up +1.90%.

There were 22 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Microsoft (MSFT) 224.34 (+3.65%), Apple (AAPL) 132.03 (+3.29%) and Salesforce (CRM) 223.44 (+3.08%).

The Dow stock losers Wednesday were led by JPMorgan (JPM) 135.97 (-1.50%), Goldman Sachs (GS) 290.47 (-1.27%) and Procter & Gamble (PG) 131.93 (-1.25%).

Unemployment insurance weekly claims in the week ending January 16, the advance figure for seasonally adjusted initial claims was 900,000, a decrease of 26,000 from the previous week’s revised level. The previous week’s level was revised down by 39,000 from 965,000 to 926,000. The 4-week moving average was 848,000, an increase of 23,500 from the previous week’s revised average. The previous week’s average was revised down by 9,750 from 834,250 to 824,500. The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending January 9, unchanged from the previous week’s revised rate. The previous week’s rate was revised down by 0.1 from 3.7 to 3.6 percent. The advance number for seasonally adjusted insured unemployment during the week ending January 9 was 5,054,000, a decrease of 127,000 from the previous week’s revised level. The previous week’s level was revised down by 90,000 from 5,271,000 to 5,181,000. The 4-week moving average was 5,126,250, a decrease of 67,000 from the previous week’s revised average. The previous week’s average was revised down by 22,500 from 5,215,750 to 5,193,250. The total number of continued weeks claimed for benefits in all programs for the week ending January 2 was 15,994,519, a decrease of 2,412,508 from the previous week. There were 2,278,239 weekly claims filed for benefits in all programs in the comparable week in 2020.

Dow stock Travelers (TRV) leads Thursday morning’s list of companies reporting earnings. The insurance company reported per-share profit of $4.91 in the fourth quarter, much higher than expectations. Net written premiums rose 3% to $7.27 billion.

Biden early Thursday released the details of his sweeping plan to combat the coronavirus, announcing 10 executive orders and directing agencies to use wartime powers to require U.S. companies to make N95 masks, swabs and other equipment to fight the pandemic. The Biden approach to Covid comes one year to the day of the first reported coronavirus case in the U.S. Since then, there have been more than 24.4 million infections and at least 406,147 fatalities. In fact, Wednesday’s death toll of over 4,370 was the second highest of the pandemic.

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

The national average price of gasoline is up four-tenths of a cent at $2.393 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.

Coca Cola (KO) reports earnings on 1/21/2021 before the market open.

Travelers (TRV) reported earnings on 1/21/2021 before the market open of $4.91, beating estimates of $3.004 per share.

Intel (INTC) reports earnings on 1/21/2021 after the market close.

IBM (IBM) reports earnings on 1/21/2021 after the market close.

3M (MMM) reports earnings on 1/26/2021 before the market open.

American Express (AXP) reports earnings on 1/26/2021 before the market open.

Johnson & Johnson (JNJ) reports earnings on 1/26/2021 before the market open.

Verizon (VZ) reports earnings on 1/26/2021 before the market open.

Microsoft (MSFT) reports earnings on 1/26/2021 after the market close.

Boeing (BA) reports earnings on 1/27/2021 before the market open.

Apple (AAPL) reports earnings on 1/27/2021 after the market close.

McDonald’s (MCD) reports earnings on 1/28/2021 before the market open.

Visa (V) reports earnings on 1/28/2021 after the market close.

Caterpillar (CAT) reports earnings on 1/29/2021 before the market open.

Chevron (CVX) reports earnings on 1/29/2021 before the market open.

Honeywell (HON) reports earnings on 1/29/2021 before the market open.

Today’s Featured Dow Stock

Microsoft (MSFT)

Microsoft (MSFT) 224.34 (+3.653%) is up +0.86% 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

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 10-Yr TIPS Auction

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply