Dow stocks hitting 52 week highs include Salesforce (CRM), Chevron (CVX), Home Depot (HD), Microsoft (MSFT) and UnitedHealth (UNH). There are no Dow stock 52 week lows.
The Market
Premarket today, the Dow was indicated to open up +35 points.
Tuesday the Dow closed up +15.73 (+0.04%) at 35,756.88.
Year-to-date the Dow is up +16.78%.
There were 16 Dow stocks up Tuesday.
The Dow stock winners Tuesday were led by Procter & Gamble (PG) 142.85 (+1.42%), Cisco (CCO) 55.81 (+1.22%) and UnitedHealth (UNH) 454.64 (+1.15%).
The Dow stock losers Tuesday were led by Intel (INTC) 48.28 (-2.29%), Walgreens (WBA) 48.31 (-1.85%) and Boeing (BA) 209.81 (-1.44%).
Coca-Cola (KO) and McDonald’s (MCD) shares soar nearly 3% in the premarket each on better-than-expected quarterly earnings and revenues. Coca-Cola also hiked its annual outlook again.
Boeing (BA) was also higher despite weaker quarterly results and a $183 million charge due to issues around 787 Dreamliner flaws.
Microsoft (MSFT) rose 2% in Wednesday’s premarket, the morning after beating estimates on fiscal first-quarter earnings and revenue. Microsoft benefited from significant growth in its cloud computing business.
A key Food and Drug Administration advisory committee has recommended a lower dose of Pfizer’s Covid vaccine for kids ages 5 to 11, a critical step in getting some 28 million more children in the U.S. protected against the virus as the delta variant spreads. Signoff from the full FDA and the Centers for Disease Control and Prevention, which could happened in days, is needed for shots to begin.
U.S. futures are mostly higher, European stocks are lower and Asian markets ended mostly lower.
The national average price of gasoline is up five-tenths of a cent at $3.394 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) reported earnings on 10/26/2021 before the open with $2.45, beating estimates of $2.182 per share.
Microsoft (MSFT) reported earnings on 10/26/2021 after the close with $2.27, beating estimates of $2.058 per share.
Visa (V) reported earnings on 10/26/2021 after the close with $1.62, beating estimates of $1.528 per share.
Coca Cola (KO) reported earnings on 10/27/2021 before the open with $0.65, beating estimates of $0.576 per share.
McDonald’s (MCD) reported earnings on 10/27/2021 before the open with $2.76, beating estimates of $2.456 per share.
Boeing (BA) reported earnings on 10/27/2021 before the open with -$0.60, missing estimates of -$0.168 per share.
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.
Amgen (AMGN) reports earnings on 11/2/2021 after the close.
Today’s Featured Dow Stock
American Express (AXP) 180.95 (-0.75%) is up +49.66% in 2021.
Financial Calendar
7:00 AM ET MBA Mortgage Applications
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10:00 AM ET State Street Investor Confidence Index
10:30 AM ET EIA Petroleum Status Report
11:00 AM ET Survey of Business Uncertainty
11:30 AM ET 2-Yr FRN Note Auction
1:00 PM ET 5-Yr Note Auction