The Dow Market Happenings For Monday, February 1, 2021

There are no Dow stocks hitting 52 week highs. There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +213 points.

Friday the Dow was down -620.74 (-2.03%) at 29,982.62.

Year-to-date the Dow is down -2.04%.

There was 1 Dow stock up Friday.

The Dow stock winner Friday was McDonald’s (MCD) 207.84 (+0.49%).

The Dow stock losers Friday were led by Dow (DOW) 51.90 (-4.56%), Chevron (CVX) 85.20 (-4.29%), 3M (MMM) 175.66 (-4.23%), Apple (AAPL) 131.96 (-3.74%) and Honeywell (HON) 195.37 (-3.68%).

For January, the Dow dropped 2%, the S&P 500 fell 1%, and the Nasdaq rose 1.4%. All three benchmarks on Friday saw losses of about 2% on the final trading day of January, capping their worst weekly performances since October.

President Joe Biden is set to meet on Monday with 10 Republican senators who have proposed spending about one-third of the $1.9 trillion that the White House is seeking in coronavirus aid. However, the Democrat-controlled House and Senate are on track to vote as soon as this week on a budget resolution, which would lay the groundwork for passing Biden’s stimulus package under rules requiring only a simple majority vote in the closely divided Senate.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is up one-tenth of a cent at $2.423 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 $2.12, 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

Walgreens (WBA)

Walgreens (WBA) 50.25 (-0.85%) is up +26.00% in 2021.

Financial Calendar

9:45 AM ET PMI Manufacturing Final

10:00 AM ET ISM Manufacturing Index

10:00 AM ET Construction Spending

11:00 AM ET Global Manufacturing PMI

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

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