DJIA Market Happenings For Monday, July 22, 2024 – Visa (V) 265.46 Up +1.96% YTD

Dow stocks hitting 52-week highs include Walmart (WMT) 70.75 (-0.10%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be up +50 points.

Friday the Dow closed down -377.49 (-0.93%) at 40,287.53.

Year-to-date the Dow is up +6.89%.

Friday, (8) Dow stocks were up, none made 52-week lows and (1) made 52-week highs.

The Dow stock winners Friday were Merck (MRK) 125.77 (+1.22%), Nike (NKE) 72.70 (+0.44%) and Procter & Gamble (PG) 167.96 (+0.31%).

The Dow stock losers Friday were led by Travelers (TRV) 203.48 (-7.76%), Intel (INTC) 32.98 (-5.42%) and American Express (AXP) 242.38 (-2.74%).

The VIX closed Friday at 16.52 (0.00%) and the 10 YR at 4.227 (-0.24%). The VIX is currently at 16.09 (-2.60%). The 10YR is at 4.220 (-0.40%).

Over the weekend President Joe Biden dropped out of the presidential race on Sunday and endorsed Vice President Kamala Harris.

Traders are pricing in nearly a 93% likelihood of the Federal Reserve cutting interest rates during its September meeting.

Last week the Dow advanced 0.7%, while the small cap-focused Russell 2000 gained 1.7%.

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

The national average price of gasoline is unchanged at $3.501 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/27/24 after the market close with $1.01, beating estimates of $0.83 per share.

JPMorgan (JPM) reported earnings on 7/12/24 before the market open with $6.12, beating estimates for $4.192 per share.

Goldman Sachs (GS) reports earnings on 7/15/24 before the market open with $8.62, beating estimates for $8.522 per share.

UnitedHealth (UNH) reported earnings on 7/16/24 before the market open with $6.80, beating estimates for $6.646 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/24 before the market open with $2.82, beating estimates for $2.71 per share.

American Express (AXP) reported earnings on 7/19/24 before the market open with $3.49, beating estimates for $3.24 per share.

Travelers (TRV) reports earnings on 7/19/24 before the market open.

Verizon (VZ) reports earnings on 7/22/24 before the market open.

Coca Cola (KO) reports earnings on 7/23/24 before the market open.

Visa (V) reports earnings on 7/23/24 after the market close.

IBM (IBM) reports earnings on 7/23/24 after the market close.

Intel (INTC) reports earnings on 7/25/24 after the market close.

Dow (DOW) reports earnings on 7/25/24 before the market open.

Honeywell (HON) reports earnings on 7/25/24 before the market open.

McDonald’s (MCD) reports earnings on 7/29/24 before the market open.

3M (MMM) reports earnings on 7/30/24 before the market open.

Caterpillar (CAT) reports earnings on 7/30/24 before the market open.

Merck (MRK) reports earnings on 7/30/24 before the market open.

Procter & Gamble (PG) reports earnings on 7/30/24 before the market open.

Microsoft (MSFT) reports earnings on 7/30/24 after the market close.

Boeing (BA) reports earnings on 7/31/24 before the market open.

Apple (AAPL) reports earnings on 8/1/24 after the market close.

Amazon (AMZN) reports earnings on 8/1/24 after the market close.

Chevron (CVX) reports earnings on 8/2/24 before the market open.

Amgen (AMGN) reports earnings on 8/6/24 after the market close.

Disney (DIS) reports earnings on 8/7/24 before the market open.

Today’s Featured Dow Stock

Visa (V)

Visa (V) 265.46 (-1.37%) is up +1.96% in 2024.

Financial Calendar

08:30 AM ET Chicago Fed National Activity (Jun), 0.18
11:30 AM ET 3-Month Bill Auction, 5.195%
11:30 AM ET 6-Month Bill Auction, 4.985%

Dow 30 Components Closing Prices For Friday, July 19, 2024

Dow 30 Components Closing Prices Friday 07/19/2024

Symbol, Last, Net Chng, %Change
AAPL,224.31,+.13,+0.06%
AMGN,331.29,+.32,+0.10%
AMZN,183.13,-.62,-0.34%
AXP,242.38,-6.82,-2.74%
BA,179.67,-.56,-0.31%
CAT,347.63,-8.40,-2.36%
CRM,247.63,+.28,+0.11%
CSCO,47.32,-.72,-1.50%
CVX,159.15,-2.82,-1.74%
DIS,95.74,-1.05,-1.08%
DOW,53.90,-.87,-1.59%
GS,484.93,-1.28,-0.26%
HD,363.36,-2.72,-0.74%
HON,214.61,-3.06,-1.41%
IBM,183.25,-1.97,-1.06%
INTC,32.98,-1.89,-5.42%
JNJ,154.69,-.73,-0.47%
JPM,209.78,-.20,-0.10%
KO,65.29,+.10,+0.15%
MCD,257.28,-2.24,-0.86%
MMM,103.92,-.10,-0.10%
MRK,125.77,+1.52,+1.22%
MSFT,437.11,-3.26,-0.74%
NKE,72.70,+.32,+0.44%
PG,167.96,+.5265,+0.31%
TRV,203.48,-17.12,-7.76%
UNH,565.33,+.99,+0.18%
V,265.46,-3.69,-1.37%
VZ,41.62,-.45,-1.07%
WMT,70.75,-.07,-0.10%

The Dow fell -0.93% today with (8) components up.

The Dow Market Happenings For Friday, July 19, 2024 – UnitedHealth (UNH) 564.34 Up +7.19% YTD

Dow stocks hitting 52-week highs include Amgen (AMGN) 330.97 (-1.40%), American Express (AXP) 249.20 (-0.30%), Honeywell (HON) 217.67 (-1.15%), Coca Cola (KO) 65.19 (-0.03%), Procter & Gamble (PG) 168.44 (-0.59%), UnitedHealth (UNH 564.34 (-1.56%) and Walmart (WMT) 70.82 (-0.30%). There are no Dow stock 52-week lows.

The Market

Premarket today, the Dow was indicated to be down -118 points.

Thursday the Dow closed down -533.06 (-1.29%) at 40,665.02.

Year-to-date the Dow is up +7.90%.

Thursday, (3) Dow stocks were up, none made 52-week lows and (7) made 52-week highs.

The Dow stock winners Thursday were Intel (INTC) 34.87 (+1.19%), Chevron (CVX) 161.97 (+0.46%) and Verizon (VZ) 42.07 (+0.10%).

The Dow stock losers Thursday were led by Goldman Sachs (GS) 486.21 (-3.18%), JPMorgan (JPM) 209.98 (-3.18%) and Boeing (BA) 180.23 (-2.49%).

The VIX closed Thursday at 15.93 (+10.01%) and the 10 YR at 4.202 (+1.50%). The VIX is currently at 14.38 (-0.69%). The 10YR is at 4.179 (+0.94%).

With the tech outage this morning, the New York Stock Exchange and Nasdaq said they are operating normally and should open as expected.

American Express (AXP) falls nearly 2% after reporting a second-quarter revenue miss. However, its adjusted earnings per share came in above estimates. The company posted $16.33 billion in revenue for its second quarter, less than the consensus forecast of $16.59 from analysts. On the other hand, American Express saw $3.49 in earnings per share, excluding items, which exceeded the figure of $3.24 per share anticipated by analysts. Shares are up about +33% in 2024.

The Dow is up +1.66% week to date, on pace for its third positive week in a row.

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

The national average price of gasoline is down six-tenths of a cent at $3.506 per gallon. It looks like it isn’t updating though. Maybe it’s affected by the tech outage.

Earnings Reports

Nike (NKE) reported earnings on 6/27/24 after the market close with $1.01, beating estimates of $0.83 per share.

JPMorgan (JPM) reported earnings on 7/12/24 before the market open with $6.12, beating estimates for $4.192 per share.

Goldman Sachs (GS) reports earnings on 7/15/24 before the market open with $8.62, beating estimates for $8.522 per share.

UnitedHealth (UNH) reported earnings on 7/16/24 before the market open with $6.80, beating estimates for $6.646 per share.

Johnson & Johnson (JNJ) reported earnings on 7/17/24 before the market open with $2.82, beating estimates for $2.71 per share.

American Express (AXP) reported earnings on 7/19/24 before the market open with $3.49, beating estimates for $3.24 per share.

Travelers (TRV) reports earnings on 7/19/24 before the market open.

Verizon (VZ) reports earnings on 7/22/24 before the market open.

Coca Cola (KO) reports earnings on 7/23/24 before the market open.

Visa (V) reports earnings on 7/23/24 after the market close.

IBM (IBM) reports earnings on 7/23/24 after the market close.

Intel (INTC) reports earnings on 7/25/24 after the market close.

Dow (DOW) reports earnings on 7/25/24 before the market open.

Honeywell (HON) reports earnings on 7/25/24 before the market open.

McDonald’s (MCD) reports earnings on 7/29/24 before the market open.

3M (MMM) reports earnings on 7/30/24 before the market open.

Caterpillar (CAT) reports earnings on 7/30/24 before the market open.

Merck (MRK) reports earnings on 7/30/24 before the market open.

Procter & Gamble (PG) reports earnings on 7/30/24 before the market open.

Microsoft (MSFT) reports earnings on 7/30/24 after the market close.

Boeing (BA) reports earnings on 7/31/24 before the market open.

Apple (AAPL) reports earnings on 8/1/24 after the market close.

Amazon (AMZN) reports earnings on 8/1/24 after the market close.

Chevron (CVX) reports earnings on 8/2/24 before the market open.

Amgen (AMGN) reports earnings on 8/6/24 after the market close.

Disney (DIS) reports earnings on 8/7/24 before the market open.

Today’s Featured Dow Stock

UnitedHealth (UNH)

UnitedHealth (UNH) 564.34 (-1.56%) is up +7.19% in 2024.

Financial Calendar

10:40 AM ET FOMC Member Williams Speaks
12:45 PM ET FOMC Member Bostic Speaks
13:00 PM ET U.S. Baker Hughes Oil Rig Count, 478
13:00 PM ET U.S. Baker Hughes Total Rig Count, 584
15:30 PM ET CFTC Aluminium speculative net positions, 2.2K
15:30 PM ET CFTC Copper speculative net positions, 56.0K
15:30 PM ET CFTC Corn speculative net positions, -239.9K
15:30 PM ET CFTC Crude Oil speculative net positions, 283.9K
15:30 PM ET CFTC Gold speculative net positions, 254.8K
15:30 PM ET CFTC Nasdaq 100 speculative net positions, 5.2K
15:30 PM ET CFTC Natural Gas speculative net positions, -105.5K
15:30 PM ET CFTC S&P 500 speculative net positions, -55.0K
15:30 PM ET CFTC Silver speculative net positions, 61.1K
15:30 PM ET CFTC Soybeans speculative net positions, -150.2K
15:30 PM ET CFTC Wheat speculative net positions, -34.8K