DJIA Market Happenings For Wednesday, November 17, 2021 – Verizon (VZ) -11.39% YTD


Dow stocks hitting 52 week highs include Chevron (CVX), Home Depot (HD), Microsoft (MSFT) and Procter & Gamble (PG). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open down -51 points.

Tuesday the Dow closed up +54.77 (+0.15%) at 36,142.22.

Year-to-date the Dow is up +18.09%.

There were 12 Dow stocks up Tuesday.

The Dow stock winners Tuesday were led by Home Depot (HD) 392.33 (+5.73%), Nike (NKE) 171.83 (+1.76%) and Visa (V) 215.18 (+1.36%).

The Dow stock losers Tuesday were led by Boeing (BA) 225.80 (-3.13%), Walmart (WMT) 143.17 (-2.55%) and Dow (DOW) 58.86 (-1.77%).

Boeing (BA) climbed 1.5% in Wednesday’s premarket after the company received an order from India’s Akasa Air for 737 Max jets worth $9 billion.

The 10-year Treasury yield held above 1.6% early Wednesday after the government’s October housing starts and building permits report. Starts fell 0.7% to an annual rate of 1.52 million units, short of expectations. Permits in October rose 4% to an annual rate of 1.65 million, topping estimates. On Tuesday, homebuilder confidence surged past expectations, as buyer demand remains high.

President Joe Biden on Wednesday is set to tour a General Motors plant in Detroit that makes electric vehicles, as he continues to sell the benefits of the recently signed $1 trillion bipartisan infrastructure package. Biden is expected to highlight $7.5 billion in the new law for EV chargers. The GM plant that the president will visit was slated to close in 2018 as the automaker tried to shed excess factory capacity. The facility, which built internal combustion engine vehicles since it opened in 1985, was rescued a year later and designated Factory Zero to build zero-emissions electric vehicles.

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

The national average price of gasoline is up two-tenths of a cent at $3.413 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.

Salesforce (CRM) reports earnings on 11/30/2021 after the close.

Today’s Featured Dow Stock

Verizon (VZ)

Verizon (VZ) 52.06 (-0.65%) is down -11.39% in 2021.

Financial Calendar

08:30 AM ET Philadelphia Fed Manufacturing Index

08:30 AM ET Philly Fed Business Conditions

08:30 AM ET Philly Fed CAPEX Index

08:30 AM ET Philly Fed Employment

08:30 AM ET Philly Fed New Orders

08:30 AM ET Philly Fed Prices Paid

10:00 AM ET US Leading Index (MoM)

10:30 AM ET Natural Gas Storage

11:00 AM ET KC Fed Composite Index

11:00 AM ET KC Fed Manufacturing Index

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

13:00 AM ET 10-Year TIPS Auction

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