The Dow Market Happenings For Tuesday, May 18, 2021

Dow stocks hitting 52 week highs include Dow (DOW) and JPMorgan (JPM). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -2 points.

Monday the Dow was down -54.34 (-0.16%) at 34,327.79.

Year-to-date the Dow is up +12.16%.

There were 13 Dow stocks up Monday.

The Dow stock winners Monday were led by Merck (MRK) 79.87 (+2.08%), Dow (DOW) 70.91 (+1.55%) and Chevron (CVX) 110.81 (+1.22%).

The Dow stock losers Monday were led by Disney (DIS) 170.08 (-2.60%), Verizon (VZ) 57.94 (-1.28%) and Microsoft (MSFT) 245.18 (-1.20%).

Walmart (WMT) reported first-quarter earnings surged past estimates on strong grocery sales and e-commerce growth. The retailer said more shoppers headed to its stores and website to spend stimulus checks and to get ready to socialize again as Covid cases decline and vaccination rates rise. Per-share profit was $1.69. Revenue grew by nearly 3% to $138.31 billion. Walmart raised its outlook for the year.

Home Depot (HD) reported first-quarter earnings and revenue beat expectations as consumers’ splurging on their homes lingered more than a year into the pandemic. Net sales rose nearly 33% to $37.5 billion. Per-share profit was $3.86. Home Depot has not released an outlook for fiscal 2021.

European stocks are mostly higher and Asian markets ended higher.

The national average price of gasoline is down two-tenths of a cent at $3.043 per gallon.

Earnings Reports

Disney (DIS) reported earnings on 5/13/2021 after the market close of $0.79, beating estimates of $0.312 per share.

Home Depot (HD) reported earnings on 5/18/2021 before the market open of $3.86, beating estimates of $3.04 per share.

Walmart (WMT) reported earnings on 5/18/2021 before the market open of $1.69, beating estimates of $1.216 per share.

Cisco (CSCO) reports earnings on 5/19/2021 after the market close.

Today’s Featured Dow Stock

Honeywell (HON)

Honeywell (HON) 226.47 (-0.39%) is up +6.47% in 2021.

Financial Calendar

8:30 AM ET Housing Starts and Permits

8:55 AM ET Redbook

10:00 AM ET E-Commerce Retail Sales

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

11:30 AM ET 52-Week Bill Auction

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