The Dow Market Happenings For Thursday, January 28, 2021

Dow stocks hitting 52 week highs include 3M (MMM), Microsoft (MSFT) and Walgreens (WBA). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +216 points.

Wednesday the Dow was down -633.87 (-2.05%) at 30,303.17.

Year-to-date the Dow is down -0.99%.

There were 4 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by 3M (MMM) 186.65 (+6.08%), Walgreens (WBA) 51.18 (+4.05%) and Cisco (CSCO) 45.70 (+0.97%).

The Dow stock losers Wednesday were led by Boeing (BA) 194.03 (-3.97%), Merck (MRK) 77.07 (-3.96%) and McDonald’s (MCD) 207.00 (-3.89%).

McDonald’s (MCD) fourth-quarter earnings and revenue fell short of estimates. But the fast-food chain said U.S. same-store sales jumped to 5.5%, crediting marketing investments and promotional activity during the pandemic.

Gross domestic product in the U.S. grew at a 4% annualized pace in the fourth quarter, below the 4.3% expected. Full-year GDP declined 3.5%, the worst year for the U.S. since at least the end of World War II, as a pandemic-induced recession took hold in February. Gains in consumer spending and private investment led the growth, while across-the-board cutbacks in government spending held back the economy.

Unemployment insurance weekly claims in the week ending January 23, the advance figure for seasonally adjusted initial claims was 847,000, a decrease of 67,000 from the previous week’s revised level. The previous week’s level was revised up by 14,000 from 900,000 to 914,000. The 4-week moving average was 868,000, an increase of 16,250 from the previous week’s revised average. The previous week’s average was revised up by 3,750 from 848,000 to 851,750. The advance seasonally adjusted insured unemployment rate was 3.4 percent for the week ending January 16, a decrease of 0.1 percentage point from the previous week’s revised rate. The previous week’s rate was revised down by 0.1 from 3.6 to 3.5 percent. The advance number for seasonally adjusted insured unemployment during the week ending January 16 was 4,771,000, a decrease of 203,000 from the previous week’s revised level. The previous week’s level was revised down by 80,000 from 5,054,000 to 4,974,000. The 4-week moving average was 4,998,000, a decrease of 106,750 from the previous week’s revised average. The previous week’s average was revised down by 21,500 from 5,126,250 to 5,104,750. The total number of continued weeks claimed for benefits in all programs for the week ending January 9 was 18,282,090, an increase of 2,293,495 from the previous week. There were 2,171,827 weekly claims filed for benefits in all programs in the comparable week in 2020.

European stocks are lower and Asian markets ended lower.

The national average price of gasoline is up 1.1 cents at $2.419 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) reported earnings on 1/26/2021 before the market open of $2.38, beating estimates of $2.187 per share.

American Express (AXP) reported earnings on 1/26/2021 before the market open of $1.76, beating estimates of $1.264 per share.

Johnson & Johnson (JNJ) reported earnings on 1/26/2021 before the market open of $1.86, beating estimates of $1.806 per share.

Verizon (VZ) reported earnings on 1/26/2021 before the market open of $1.21, beating estimates of $1.163 per share.

Microsoft (MSFT) reporte earnings on 1/26/2021 after the market close of $2.03, beating estimates of $1.637 per share.

Boeing (BA) reported earnings on 1/27/2021 before the market open of -$15.25, missing estimates calling for -$1.779 per share.

Apple (AAPL) reported earnings on 1/27/2021 after the market close of $1.68, beating estimates of $1.406 per share.

McDonald’s (MCD) reported earnings on 1/28/2021 before the market open $1.70, missing estimates of $1.752 per share.

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

Visa (V)

Visa (V) 194.97 (-3.48%) is down -8.91% in 2021.

Financial Calendar

8:30 AM ET GDP

8:30 AM ET International Trade in Goods (Advance)

8:30 AM ET Jobless Claims

8:30 AM ET Retail Inventories (Advance)

8:30 AM ET Wholesale Inventories (Advance)

10:00 AM ET New Home Sales

10:00 AM ET Leading Indicators

10:30 AM ET EIA Natural Gas Report

11:00 AM ET Kansas City Fed Manufacturing Index

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 7-Yr Note Auction

4:30 PM ET Fed Balance Sheet

4:30 PM ET Money Supply

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