DJIA Market Happenings For Friday, January 29, 2021

Dow stocks hitting 52 week highs include Amgen (AMGN) Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -169 points.

Thursday the Dow was up +300.19 (+0.99%) at 30,603.36.

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

There were 21 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Disney (DIS) 171.88 (+5.43%), Intel (INTC) 56.065 (+4.62%) and American Express (AXP) 118.97 (+4.28%).

The Dow stock losers Thursday were led by Apple (AAPL) 137.09 (-3.50%), IBM (IBM) 120.08 (-1.95%) and 3M (MMM) 183.42 (-1.73%).

Democrats on Capitol Hill and the White House rejected a Republican pitch to split President Joe Biden’s $1.9 trillion coronavirus rescue plan into smaller chunks. Democrats appeared ready to push the measure through without GOP help. Success would give Biden a signature accomplishment in his first 100 days in office, unleashing money to expand vaccinations and reopen schools, send $1,400 direct payments to households, and other priorities, including a gradual increase in the federal minimum wage to $15 per hour. Failure would be a high-profile setback early in his presidency.

J&J’s highly anticipated vaccine results were based on 468 confirmed Covid cases among the phase three trial’s more than 43,000 volunteers, including those infected with the new, highly contagious strain found in South Africa. J&J also said the vaccine was 85% effective in preventing severe disease four weeks after vaccination in all adults. If the J&J vaccine gets cleared by the FDA, it would be the third approved for emergency use in the U.S., behind the Pfizer-BioNTech vaccine and Moderna’s, both of which require two doses.

U.S.-based biotech firm Novavax said late Thursday its vaccine was more than 89% effective in protecting against the coronavirus. In its phase three clinical trial conducted in Britain, the two-shot vaccine appeared to be 85.6% effective against the new strain originally found in that country. However, in a phase two study in South Africa, the Novavax was only 49.4% effective against the new variant found there. Shares of Novavax surged nearly 60% in Friday’s premarket.

European stocks are mostly lower and Asian markets ended lower.

The national average price of gasoline is up three-tenths of a cent at $2.422 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) reported 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.

Dow (DOW) reported earnings on 1/28/2021 before the market open $0.81, missing estimates of $0.685 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) reported earnings on 1/28/2021 after the market close of $1.42, beating estimates of $1.271 per share.

Caterpillar (CAT) reported earnings on 1/29/2021 before the market open of $2.21, beating estimates of $1.456 per share.

Chevron (CVX) reported earnings on 1/29/2021 before the market open of -$0.01, missing estimates of $0.079 per share.

Honeywell (HON) reported earnings on 1/29/2021 before the market open of $2.07, beating estimates of $1.998 per share.

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

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

Cisco (CSCO) reports earnings on 2/9/2021 after the market close.

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

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) 194.97 (-3.48%) is down -8.91% in 2021.

Financial Calendar

8:30 AM ET Employment Cost Index

8:30 AM ET Personal Income and Outlays

9:45 AM ET Chicago PMI

10:00 AM ET Consumer Sentiment

10:00 AM ET Pending Home Sales Index

1:00 PM ET Baker Hughes Rig Count

3:00 PM ET Farm Prices

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