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 +63 points.

Monday the Dow was down -725.81 (-2.09%) at 33,962.04.

Year-to-date the Dow is up +10.96%.

There were no Dow stocks up Monday.

The Dow stock winners Monday were not to be found.

The Dow stock losers Monday were led by Boeing (BA) 206.99 (-4.94%), American Express (AXP) 162.81 (-4.24%), Honeywell (HON) 220.66 (-4.20%), Dow (DOW) 57.79 (-3.70%), Disney (DIS) 172.95 (-3.55%) and Travelers (TRV) 151.26 (-3.28%).

The 10-year Treasury yield dropped early Tuesday, trading briefly below 1.17% and touching new five-month lows before ticking higher. Falling yields, which move inversely to bond prices, added some pressure to premarket stock trading, reflecting heightened concerns about whether the resurgence of Covid will derail global economic growth.

IBM (IBM) beat estimates by 4 cents with adjusted second-quarter earnings of $2.33 per share. Revenue rose 3.4% to 18.75 billion, the company said Monday afternoon, exceeding expectations. It marked IBM’s strongest revenue growth in three years, helped by the company’s cloud and software businesses. IBM reiterated its expectation that revenue will grow, rather than decline, in the full year.

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

The national average price of gasoline is down four-tenths of a cent at $3.166 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) reported earnings on 7/15/2021 before the market open of $4.70, beating estimates of $4.407 per share.

IBM (IBM) reported earnings on 7/19/2021 after the market close of $2.33, beating estimates of $2.252 per share.

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.

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.

3M (MMM) reports earnings on 7/27/2021 before the market open.

Apple (AAPL) reports earnings on 7/27/2021 after the market close.

Microsoft (MSFT) reports earnings on 7/27/2021 after the market close.

Visa (V) reports earnings on 7/27/2021 after the market close.

Boeing (BA) reports earnings on 7/28/2021 before the market open.

McDonald’s (MCD) reports earnings on 7/28/2021 before the market open.

Merck (MRK) reports earnings on 7/29/2021 before the market open.

Caterpillar (CAT) reports earnings on 7/30/2021 before the market open.

Chevron (CVX) reports earnings on 7/30/2021 before the market open.

Procter & Gamble (PG) reports earnings on 7/30/2021 before the market open.

Today’s Featured Dow Stock

Nike (NKE)

Nike (NKE) 157.87 (-1.24%) is up +11.59% in 2021.

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