DJIA Market Happenings For Thursday, August 12, 2021 – Dow (DOW) +15.75% YTD

Dow stocks hitting 52 week highs include Goldman Sachs (GS). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +48 points.

Wednesday the Dow closed up +220.30 (+0.62%) at 35,484.97.

Year-to-date the Dow is up +15.94%.

There were 25 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Caterpillar (CAT) 221.66 (+3.55%), Walgreens (WBA) 49.72 (+2.66%) and Dow (DOW) 64.24 (+1.77%).

The Dow stock losers Wednesday were led by Visa (V) 235.06 (-1.26%), UnitedHealth (UNH) 407.74 (-0.98%) and Nike (NKE) 171.27 (-0.58%).

The Dow closed Wednesday at fresh all-time highs, after investors shrugged off the latest reading for the U.S. consumer price index. The index rose 5.4% on a year-over-year basis, about in line with expectations.

Initial unemployment claims for week ended August 7 were 375,000 vs. 375,000 expected and a revised 387,000 during the prior week. Continuing claims for the week ended July 31 were 2.866 million vs. 2.900 million expected and a revised 2.980 million during the prior week.

The Producer Price Index for final demand increased 1.0 percent in July, as prices for final demand services advanced 1.1 percent and the index for final demand goods rose 0.6 percent. The final demand index moved up 7.8 percent for the 12 months ended in July.

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

The national average price of gasoline is up one-tenth of a cent at $3.186 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) reported earnings on 7/27/2021 before the market open of $2.59, beating estimates of $2.245 per share.

Apple (AAPL) reported earnings on 7/27/2021 after the market close of $1.30, beating estimates of $1.001 per share.

Microsoft (MSFT) reported earnings on 7/27/2021 after the market close of $2.17, beating estimates of $1.90 per share.

Visa (V) reported earnings on 7/27/2021 after the market close of $1.49, beating estimates of $1.334 per share.

Boeing (BA) reported earnings on 7/28/2021 before the market open of $0.40, beating estimates of -$0.654 per share.

McDonald’s (MCD) reported earnings on 7/28/2021 before the market open of $2.37, beating estimates of $2.123 per share.

Merck (MRK) reported earnings on 7/29/2021 before the market open of $1.30, missing estimates calling for $1.325 per share.

Caterpillar (CAT) reported earnings on 7/30/2021 before the market open of $2.56, beating estimates of $2.36 per share.

Chevron (CVX) reported earnings on 7/30/2021 before the market open of $1.60, beating estimates of $1.536 per share.

Procter & Gamble (PG) reported earnings on 7/30/2021 before the market open of $1.13, beating estimates of $1.083 per share.

Amgen (AMGN) reported earnings on 8/3/2021 after the market close of $4.38, beating estimates of $4.128 per share.

Disney (DIS) reports earnings on 8/12/2021 after the market close.

Home Depot (HD) reports earnings on 8/17/2021 before the market open.

Walmart (WMT) reports earnings on 8/17/2021 before the market open.

Cisco (CSCO) reports earnings on 8/18/2021 after the market close.

Today’s Featured Dow Stock

Dow (DOW)

Dow (DOW) 64.24 (+1.77%) is up +15.75% in 2021.

Financial Calendar

8:30 AM ET Jobless Claims

8:30 AM ET PPI-Final Demand

10:30 AM ET EIA Natural Gas Report

11:00 AM ET 3-Month Bill Announcement

11:00 AM ET 6-Month Bill Announcement

11:00 AM ET 20-Yr Bond Announcement

11:00 AM ET 30-Yr TIPS Announcement

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

1:00 PM ET 30-Yr Bond Auction

4:30 PM ET Fed Balance Sheet

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