The Dow Market Happenings For Monday, July 26, 2021 – Visa (V) +13.85% YTD

Dow stocks hitting 52 week highs include American Express (AXP), McDonald’s (MCD), Microsoft (MSFT) and Nike (NKE). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -83 points.

Friday the Dow was up +238.20 (+0.68%) at 35,061.55.

Year-to-date the Dow is up +14.56%.

There were 24 Dow stocks up Friday.

The Dow stock winners Friday were led by Visa (V) 249.02 (+2.00%), Home Depot (HD) 332.84 (+1.89%) and McDonald’s (MCD) 242.96 (+1.80%)’

The Dow stock losers Friday were led by Intel (INTC) 53.00 (-5.29%), Honeywell (HON) 229.32 (-1.47%) and Dow (DOW) 60.11 (-0.61%).

The Dow Jones Industrial Average closed above 35,000 on Friday for the first time.

The Fed’s two-day July meeting is set to begin Tuesday.

The 10-year Treasury yield ticked lower Monday to around 1.25%. The yield, which moves inversely to price, hit a 5½-month low of nearly 1.13% last week.

Stocks in Asia tank on Chinese regulatory concerns and U.S. talks. Hong Kong’s Hang Seng stock index tanked more than 4% overnight. Mainland Chinese shares also plummeted, with the Shanghai composite and Shenzhen component each down over 2%.

Covid cases are on the rise in all 50 states and the District of Columbia as the delta variant rapidly spreads across the U.S. Cases hit a 15-month low in late June before infections started to rise. Vaccination rates peaked in April and dropped off considerably in recent months. White House chief medical advisor Dr. Anthony Fauci said Sunday that Americans with compromised immune systems may end up needing Covid vaccine booster shots.

Senators are racing to seal a bipartisan infrastructure deal as soon as Monday, as pressure mounted on all sides to show progress on President Joe Biden’s top priority. The lead Republican negotiator, Sen. Rob Portman of Ohio, said the two sides were “about 90% of the way there” on an agreement. A top Democrat, Sen. Mark Warner of Virginia, said he was hopeful a final bill would be ready Monday afternoon. The White House wants a bipartisan agreement for this first phase of infrastructure. But as talks drag on, anxious Democrats, who have slim control of the House and Senate, could leave Republicans behind and try to go it alone.

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

The national average price of gasoline is up one-tenth of a cent at $3.156 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) reported earnings on 7/20/2021 before the market open of $3.45, beating estimates of $2.346 per share.

Johnson & Johnson (JNJ) reported earnings on 7/21/2021 before the market open of $2.48, beating estimates of $2.28 per share.

Coca Cola (KO) reported earnings on 7/21/2021 before the market open of $0.68, beating estimates of $0.566 per share.

Verizon (VZ) reported earnings on 7/21/2021 before the market open of $1.37, beating estimates of $1.303 per share.

Dow (DOW) reported earnings on 7/22/2021 before the market open of $2.72, beating estimates calling for $2.477 per share.

Intel (INTC) reported earnings on 7/22/2021 after the market close of $1.28, beating estimates of $1.057 per share.

American Express (AXP) reported earnings on 7/23/2021 before the market open of $2.80, beating estimates of $1.641 per share.

Honeywell (HON) reported earnings on 7/23/2021 before the market open of $2.02, beating estimates of $1.938 per share.

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.

Amgen (AMGN) reports earnings on 8/3/2021 after the market close.

Today’s Featured Dow Stock

Visa (V)

Visa (V) 249.02 (+2.00%) is up +13.85% in 2021.

Financial Calendar

10:00 AM ET New Home Sales

10:30 AM ET Dallas Fed Manufacturing Survey

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

1:00 PM ET 2-Yr Note Auction

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