The Dow Market Happenings For Tuesday, November 16, 2021 – Visa (V) -2.94% YTD


Dow stocks hitting 52 week highs include Chevron (CVX) and Procter & Gamble (PG). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +51 points.

Monday the Dow closed down -12.86 (-0.04%) at 36,087.45.

Year-to-date the Dow is up +17.91%.

There were 13 Dow stocks up Monday.

The Dow stock winners Monday were led by Boeing (BA) 233.09 (+5.49%), Chevron (CVX) 116.82 (+2.27%) and McDonald’s (MCD) 252.94 (+0.91%).

The Dow stock losers Monday were led by Amgen (AMGN) 207.40 (-1.89%), UnitedHealth (UNH) 450.80 (-1.78%) and Johnson & Johnson (JNJ) 163.52 (-0.90%).

We got better-than-expected retail sales data from the government with October retail sales rising 1.7% overall. Excluding autos, sales also increased 1.7%, compared to estimates of 1%.

We also got Walmart (WMT) and Home Depot (HD) reporting strong earnings.

Shares of Walmart (WMT) initially rose 1% but turned modestly lower in premarket trading after the retail giant reported on Tuesday adjusted third-quarter earnings and revenue that beat expectations. Walmart won back grocery shoppers as it used its size to help manage through snarled supply chains and price pressures. Walmart’s e-commerce sales in the U.S. grew 8% from the year-ago quarter, or 87% on a two-year basis. The company boosted full-year earnings guidance.

Home Depot (HD) shares rose 1% in the premarket after the company issued on Tuesday adjusted third-quarter earnings and revenue that exceeded expectations. Same-store sales climbed 6.1% in the quarter, solidly beating estimates of a 2.2% rise as consumers continue to fix up their homes during Covid, albeit at a slower rate than a year ago. In Q3 2020, same-store sales surged nearly 25%.

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

The national average price of gasoline is down four-tenths of a cent at $3.411 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) reported earnings on 10/28/2021 before the open with $2.66, beating estimates of $2.257 per share.

Merck (MRK) reported earnings on 10/28/2021 before the open with $1.75, beating estimates of $1.542 per share.

Apple (AAPL) reported earnings on 10/28/2021 after the close with $1.24, almost meeting estimates of $1.244 per share.

Chevron (CVX) reported earnings on 10/29/2021 before the open with $2.96, beating estimates of $2.214 per share.

Amgen (AMGN) reported earnings on 11/2/2021 after the close with $4.67, beating estimates of $4.22 per share.

Disney (DIS) reported earnings on 11/10/2021 after the close with $0.37, missing estimates of $0.503 per share.

Home Depot (HD) reported earnings on 11/16/2021 before the open with $3.92, beating estimates of $3.406 per share.

Walmart (WMT) reported earnings on 11/16/2021 before the open with $1.45, beating estimates of $1.393 per share.

Cisco (CSCO) reports earnings on 11/17/2021 after the close.

Today’s Featured Dow Stock

Visa (V)

Visa (V) 212.30 (+0.10%) is down -2.94% in 2021.

Financial Calendar

08:30 AM ET Core Retail Sales (MoM)

08:30 AM ET Export Price Index (MoM)

08:30 AM ET Import Price Index (MoM)

08:30 AM ET Retail Control (MoM)

08:30 AM ET Retail Sales (YoY)

08:30 AM ET Retail Sales (MoM)

08:30 AM ET Retail Sales Ex Gas/Autos (MoM)

08:55 AM ET Redbook (YoY)

09:15 AM ET Capacity Utilization Rate

09:15 AM ET Industrial Production (YoY)

09:15 AM ET Industrial Production (MoM)

09:15 AM ET Manufacturing Production (MoM)

10:00 AM ET Business Inventories (MoM)

10:00 AM ET NAHB Housing Market Index

10:00 AM ET Retail Inventories Ex Auto

12:00 PM ET FOMC Member Barkin Speaks

12:00 PM ET FOMC Member Bostic Speaks

15:30 PM ET FOMC Member Daly Speaks

16:00 PM ET US Foreign Buying, T-bonds

16:00 PM ET Overall Net Capital Flow

16:00 PM ET TIC Net Long-Term Transactions

16:00 PM ET TIC Net Long-Term Transactions including Swaps

16:30 PM ET API Weekly Crude Oil Stock

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