DJIA Market Happenings For Friday, October 22, 2021 – Walmart (WMT) +1.85% YTD


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 down -2 points.

Thursday the Dow closed down -6.26 (-0.02%) at 35,603.08.

Year-to-date the Dow is up +16.33%.

There were 13 Dow stocks up Thursday.

The Dow stock winners Thursday were led by Nike (NKE) 12.108 (+2.35%), Home Depot (HD) 364.62 (+1.78%) and UnitedHealth (UNH) 442.28 (+1.65%).

The Dow stock losers Thursday were led by IBM (IBM) 128.33 (-9.56%), Chevron (CVX) 111.74 (-1.25%) and American Express (AXP) 177.47 (-1.14%).

The 10-year Treasury yield was trading at May highs above 1.69%, before pulling back some.

Intel (INTC) shed 10% in Friday’s premarket, the morning after the company reported weaker-than-expected revenue in the third quarter. The chipmaker also blamed industry-wide component shortage for its PC chip business shrinking 2%. Intel warned its gross margin and free cash flow would decline to a lower level over the next 2 to 3 years as it invests in research and development and builds new chip factories.

President Joe Biden said Thursday he was close to striking a deal to pass major infrastructure and social spending measures, with just a handful of issues still under debate, after weeks of intraparty bickering among fellow Democrats. Biden also said corporate tax rates are unlikely to be hiked in a spending bill. Instead, he said a separate minimum corporate tax proposal could fund the social programs. Negotiations now center around four or five issues, Biden said, declining to give further details.

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

The national average price of gasoline is up nine-tenths of a cent at $3.378 per gallon.

Earnings Reports

JPMorgan (JPM) reported earnings on 10/13/2021 before the open with $3.74, beating estimates calling for $2.996 per share.

UnitedHealth (UNH) reported earnings on 10/14/2021 before the open with $4.52, beating estimates calling for $4.414 per share.

Walgreens (WBA) reported earnings on 10/14/2021 before the open with $1.17, beating estimates calling for $1.028 per share.

Goldman Sachs (GS) reported earnings on 10/15/2021 before the open with $14.93, crushing estimates calling for $10.18 per share.

Johnson & Johnson (JNJ) reported earnings on 10/19/2021 before the open with $2.60, beating estimates of $2.367 per share.

Procter & Gamble (PG) reported earnings on 10/19/2021 before the open with $1.61, beating estimates of $1.594 per share.

Travelers (TRV) reported earnings on 10/19/2021 before the open with $2.60, beating estimates of $2.002 per share.

Verizon (VZ) reported earnings on 10/20/2021 before the open with $1.55, beating estimates of $1.358 per share.

IBM (IBM) reported earnings on 10/20/2021 after the close with $2.52, beating estimates of $2.487 per share.

Dow (DOW) reported earnings on 10/21/2021 before the open with $2.75, beating estimates of $2.596 per share.

Intel (INTC) reported earnings on 10/21/2021 after the close with $1.71, beating estimates of $1.107 per share.

Honeywell (HON) reported earnings on 10/22/2021 before the open with $2.02, beating estimates of $2.008 per share.

American Express (AXP) reported earnings on 10/22/2021 before the open with $2.27, beating estimates of $1.78 per share.

3M (MMM) reports earnings on 10/26/2021 before the open.

Microsoft (MSFT) reports earnings on 10/26/2021 after the close.

Visa (V) reports earnings on 10/26/2021 after the close.

Coca Cola (KO) reports earnings on 10/27/2021 before the open.

McDonald’s (MCD) reports earnings on 10/27/2021 before the open.

Boeing (BA) reports earnings on 10/27/2021 before the open.

Caterpillar (CAT) reports earnings on 10/28/2021 before the open.

Merck (MRK) reports earnings on 10/28/2021 before the open.

Apple (AAPL) reports earnings on 10/28/2021 after the close.

Chevron (CVX) reports earnings on 10/29/2021 before the open.

Today’s Featured Dow Stock

Walmart (WMT)

Walmart (WMT) 146.81 (+0.43%) is up +1.85% in 2021.

Financial Calendar

9:45 AM ET PMI Composite Flash

11:00 AM ET Jerome Powell Speaks

1:00 PM ET Baker Hughes Rig Count

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