DJIA Market Happenings For Tuesday, July 13, 2021 – Coca Cola (KO) -0.66% YTD

Dow stocks hitting 52 week highs include Apple (AAPL) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -58 points.

Monday the Dow was up +126.02 (+0.36%) at 34,996.18.

Year-to-date the Dow is up +14.34%.

There were 16 Dow stocks up Monday.

The Dow stock winners Monday were led by Disney (DIS) 184.38 (+4.15%), Goldman Sachs (GS) 380.50 (+2.35%) and JPMorgan (JPM) 1158.00 (+1.43%).

The Dow stock losers Monday were led by Cisco (CSCO) 53.23 (-0.95%), Salesforce (CRM) 242.91 (-0.88%) and Merck (MRK) 77.55 (-0.56%).

US futures are lower, European stocks are mostly lower and Asian markets ended mostly higher.

JPMorgan (JPM) fell nearly 1% in Tuesday’s premarket, after the bank reported second-quarter profit and revenue that exceeded expectations as the firm released money set aside for loan losses.

The 10-year Treasury yield rose Tuesday, trading at around 1.38%, after going as low as 1.25% last Thursday. The yield move came after the government said its June consumer price index jumped 0.9% on both the headline number and the non-food and energy core reading. Those were nearly double expectations. The year-over-year numbers came in better than expected at up 5.4% on headline CPI, the fastest pace in nearly 13 years; the core rate jumped 4.5%, the sharpest move since September 1991.

Goldman Sachs (GS) rose 0.3% in premarket trading, after the bank’s second-quarter earnings report blew past Wall Street estimates, propelled by strong performance in investment banking during this year’s robust IPO market. The stock is already up 45% in 2021 as investors anticipated strong results amid the economic comeback from the pandemic.

Boeing (BA) shares fell 2% in the premarket after the aircraft maker announced Tuesday morning that it cut its delivery target for its undelivered 787 Dreamliner planes. Boeing said it will temporarily lower production rates after a new defect was detected on some of the wide-body jets. Boeing said it would deliver fewer than half of the Dreamliners that it has already produced but has not yet delivered to customers.

The national average price of gasoline is down one-tenth of a cent at $3.146 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/24/2021 after the market close of $0.93, beating estimates of $0.51 per share.

Walgreens (WBA) reported earnings on 7/1/2021 before the market open of $1.51, beating estimates of $1.114 per share.

Goldman Sachs (GS) reported earnings on 7/13/2021 before the market open of $15.02, beating estimates of $10.24 per share.

JPMorgan (JPM) reported earnings on 7/13/2021 before the market open of $3.78, beating estimates of $3.10 per share.

UnitedHealth (UNH) reports earnings on 7/15/2021 before the market open.

IBM (IBM) reports earnings on 7/19/2021 after the market close.

Travelers (TRV) reports earnings on 7/20/2021 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/21/2021 before the market open.

Coca Cola (KO) reports earnings on 7/21/2021 before the market open.

Verizon (VZ) reports earnings on 7/21/2021 before the market open.

Microsoft (MSFT) reports earnings on 7/21/2021 after the market close.

Dow (DOW) reports earnings on 7/22/2021 before the market open.

Intel (INTC) reports earnings on 7/22/2021 after the market close.

American Express (AXP) reports earnings on 7/23/2021 before the market open.

Honeywell (HON) reports earnings on 7/23/2021 before the market open.

Today’s Featured Dow Stock

Coca Cola (KO)

Coca Cola (KO) 54.48 (+0.04%) is down -0.66% in 2021.

Financial Calendar

6:00 AM ET NFIB Small Business Optimism Index

8:30 AM ET CPI

8:55 AM ET Redbook

11:00 AM ET 4-Week Bill Announcement

11:00 AM ET 8-Week Bill Announcement

11:30 AM ET 52-Week Bill Auction

1:00 PM ET 30-Yr Bond Auction

2:00 PM ET Treasury Statement

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