The Dow Market Happenings For Friday, January 15, 2021

Dow stocks hitting 52 week highs include Goldman Sachs (GS), Johnson & Johnson (JNJ), JPMorgan (JPM) and Travelers (TRV). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +99 points.

Thursday the Dow was down -68.95 (-0.22%) at 30,991.52.

Year-to-date the Dow is up +1.26%.

There were 14 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Intel (INTC) 59.25 (+4.04%), Chevron (CVX) 95.49 (+2.40%) and Johnson & Johnson (JNJ) 160.65 (+1.75%).

The Dow stock losers Thursday were led by Visa (V) 201.86 (-3.58%), Home Depot (HD) 268.34 (-2.08%) and Coca COla (KO) 49.23 (-1.85%).

JPMorgan (JPM) on Friday reported fourth-quarter profit and revenue that exceeded estimates. The bank posted per-share earnings of $3.79, boosted by releasing money previously set aside for loan losses. Revenue for the quarter was $30.16 billion. However, shares of JPMorgan fell about 2% after a recent strong run-up.

Retail sales for December fell 0.7% compared to flat expectations as renewed measures to slow the spread of Covid-19 undercut spending at restaurants and reduced traffic to shopping malls. Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported. Producer prices for December increased 0.3%, slightly less than expected. Excluding food and energy, producer prices rose 0.4%, higher than estimates.

European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is up 1.5 cents at $2.365 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) reports earnings on 1/15/2021 before the market open.

Goldman Sachs (GS) reports earnings on 1/19/2021 before the market open.

Procter & Gamble (PG) reports earnings on 1/20/2021 before the market open.

UnitedHealth (UNH) reports earnings on 1/20/2021 before the market open.

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

Travelers (TRV) reports earnings on 1/21/2021 before the market open.

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.

Today’s Featured Dow Stock

McDonald’s (MCD)

McDonald’s (MCD) 208.50 (-1.69%) is down -2.83% in 2021.

Financial Calendar

8:30 AM ET PPI-Final Demand

8:30 AM ET Retail Sales

8:30 AM ET Empire State Manufacturing Index

9:15 AM ET Industrial Production

10:00 AM ET Business Inventories

10:00 AM ET Consumer Sentiment

1:00 PM ET Baker Hughes Rig Count

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