DJIA Market Happenings For Monday, February 24, 2020

Dow stocks at 52 week highs include Coca Cola (KO) and Home Depot (HD). Dow stock 52 week lows include Exxon Mobil (XOM).

The Market

Premarket today, the Dow was indicated to open down -814 points.

Friday the Dow was down -227.57 (-0.78%) at 28,992.41.

Year-to-date the Dow is up +1.59%.

There were 9 Dow stocks up Friday.

The Dow stock winners Friday were led by United Technologies (UTX) +1.08%, Johnson & Johnson (JNJ) +1.05% and Travelers (TRV) +0.88%.

The Dow stock losers Friday were led by Microsoft (MSFT) -3.16%, Apple (AAPL) -2.26% and Nike (NKE) -2.22%.

Stocks slide as coronavius spreads to Western Europe and Central Asia, taking the number of countries recording new infections to at least 28.

World Health Organization officials are worried about the spread of the virus to countries with weaker healthcare systems, while noting the latest infections have no epidemiological connections to China.

China President Xi calls coronavirus a “crisis and a test” for the world’s second largest economy as the number of confirmed cases rises past 77,000, taking the death toll close to 2,600.

Gold hits a seven-year high of $1,678.58 per ounce in overnight trading, while oil prices plunge as investors see world economic growth slowing in the first half of the year.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is unchanged at $2.474 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 12/19/2019 after the market close of $0.52, missing estimates calling for $0.618 per share.

Walgreens (WBA) reported earnings on 1/8/2020 before the market open of $1.37, missing estimates calling for $1.416 per share.

JPMorgan (JPM) reported earnings on 1/14/2020 before the market open of $2.57, beating estimates calling for $2.376 per share.

Goldman Sachs (GS) reported earnings on 1/15/2020 before the market open of $4.69, missing estimates calling for $5.47 per share.

UnitedHealth (UNH) reported earnings on 1/15/2020 before the market open of $3.90, beating estimates calling for $3.833 per share.

IBM (IBM) reported earnings on 1/21/2020 after the market close of $4.71, essentially meeting estimates calling for $4.712 per share.

Johnson & Johnson (JNJ) reported earnings on 1/22/2020 before the market open of $1.88, missing estimates calling for $1.935 per share.

Procter & Gamble (PG) reported earnings on 1/23/2020 before the market open of $1.44, beating estimates calling for $1.396 per share.

Travelers (TRV) reported earnings on 1/23/2020 before the market open of $3.32, beating estimates calling for $3.09 per share.

Intel (INTC) reported earnings on 1/23/2020 after the market close of $1.52, beating estimates calling for $1.297 per share.

American Express (AXP) reports earnings on 1/24/2020 before the market open of $2.03, missing estimates calling for $2.038 per share.

Pfizer (PFE) reported earnings on 1/28/2020 before the market open of $0.55, missing estimates calling for $0.607 per share.

United Technologies (UTX) reported earnings on 1/28/2020 before the market open of $1.94, beating estimates calling for $1.934 per share.

3M (MMM) reported earnings on 1/28/2020 before the market open of $1.66, missing estimates calling for $2.128 per share.

Apple (AAPL) reported earnings on 1/28/2020 after the market close of $4.99, beating estimates calling for $4.60 per share.

Boeing (BA) reported earnings on 1/29/2020 before the market open of -$2.33, missing estimates of $1.676 per share.

Dow (DOW) reported earnings on 1/29/2020 before the market open of $0.78 per share.

McDonald’s (MCD) reported earnings on 1/29/2020 before the market open of $2.08, beating estimates calling for $1.98 per share.

Microsoft (MSFT) reported earnings on 1/29/2020 after the market close of $1.51, beating estimates calling for $1.377 per share.

Coca Cola (KO) reported earnings on 1/30/2020 before the market open of $0.44, meeting estimates calling for $0.441 per share.

Verizon (VZ) reported earnings on 1/30/2020 before the market open of $1.13, missing estimates calling for $1.174 per share.

Visa (V) reported earnings on 1/30/2020 after the market close of $1.46, missing estimates calling for $1.501 per share.

Caterpillar (CAT) reported earnings on 1/31/2020 before the market open of $2.63, beating estimates calling for $2.40 per share.

Chevron (CVX) reported earnings on 1/31/2020 before the market open of $1.49, missing estimates of $1.545 per share.

Exxon Mobil (XOM) reported earnings on 1/31/2020 before the market open of $1.33, beating estimates calling for $0.508 per share.

Disney (DIS) reported earnings on 2/4/2020 after the market close of $1.53, beating estimates calling for $1.494 per share.

Merck (MRK) reported earnings on 2/5/2020 before the market open of $1.16, missing estimates calling for $1.216 per share.

Cisco (CSCO) reported earnings on 2/12/2020 after the market close of $0.77, missing estimates calling for $0.79 per share.

Walmart (WMT) reported earnings on 2/18/2020 before the market open of $1.38, missing estimates calling for $1.469 per share.

Home Depot (HD) reports earnings on 2/25/2020 before the market open.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) is down -4.56% year-to-date.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

10:30 AM ET Dallas Fed Mfg Survey

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