The Dow Market Happenings For Monday, August 23, 2021 – JPMorgan (JPM) +21.76% YTD

Dow stocks hitting 52 week highs include Cisco (CSCO), Johnson & Johnson (JNJ), Microsoft (MSFT) and UnitedHealth (UNH). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +10 points.

Friday the Dow closed up +225.96 (+0.65%) at 35,120.08.

Year-to-date the Dow is up +14.75%.

There were 25 Dow stocks up Friday.

The Dow stock winners Friday were led by Microsoft (MSFT) 304.36 (+2.56%), Home Depot (HD) 329.24 (+1.96%) and Cisco (CSCO) 58.22 (+1.66%).

The Dow stock losers Friday were led by Intel (INTC) 52.01 (-0.82%), Coca Cola (KO) 56.64 (-0.39%) and AMgen (AMGN) 223.53 (-0.38%).

Bond yields start the week higher. The 10-year Treasury yield traded around 1.28% on Monday, ahead of the Federal Reserve’s Jackson Hole, Wyoming, economic symposium. The Kansas City Fed announced last week it will hold the annual gathering of central bankers virtually this year due to rising Covid cases. Fed Chairman Jerome Powell’s address to the group this Friday will be livestreamed.

The Food and Drug Administration is working on full approval of the two-shot Covid vaccine made by Pfizer and BioNTech as soon as Monday. The move would make it the first Covid vaccine to go from emergency use authorization to full FDA approval.

Target will nearly triple the number of Disney shops inside its stores to more than 160 by the end of year. Sounds good for Disney (DIS) shares.

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

The national average price of gasoline is down one-tenth of a cent at $3.162 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 of $0.80, beating estimates calling for $0.565 per share.

Home Depot (HD) reported earnings on 8/17/2021 before the market open of $4.53, beating estimates of $4.427 per share.

Walmart (WMT) reported earnings on 8/17/2021 before the market open of $1.78, beating estimates of $1.562 per share.

Cisco (CSCO) reported earnings on 8/18/2021 after the market close of $0.84, beating estimates of $0.737 per share.

Salesforce (CRM) reports earnings on 8/25/2021 after the market close.

Today’s Featured Dow Stock

JPMorgan (JPM)

JPMorgan (JPM) 154.72 (+0.29%) is up +21.76% in 2021.

Financial Calendar

8:30 AM ET Chicago Fed National Activity Index

9:45 AM ET PMI Composite Flash

10:00 AM ET Existing Home Sales

11:30 AM ET 3-Month Bill Auction

11:30 AM ET 6-Month Bill Auction

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