Dow stocks hitting 52 week highs include Home Depot (HD) and Microsoft (MSFT). There are no Dow stock 52 week lows.

The Market

Premarket today, the Dow was indicated to open up +13 points.

Wednesday the Dow closed down -211.17 (-0.58%) at 35,931.05.

Year-to-date the Dow is up +17.40%.

There were 7 Dow stocks up Wednesday.

The Dow stock winners Wednesday were led by Apple (AAPL) 153.49 (+1.65%), Home Depot (HD) 394.85 (+0.64%) and Johnson & Johnson (JNJ) 163.28 (+0.37%).

The Dow stock losers Wednesday were led by Visa (V) 205.06 (-4.70%), Goldman Sachs (GS) 391.55 (-2.86%) and Merck (MRK) 82.60 (-1.80%).

The Dow is roughly 1.4% shy of it’s Nov. 8 record high close.

Cisco CSCO), up nearly 27% in 2021 as of Wednesday’s close, fell more than 6% in the premarket, the morning after the computer networking firm missed on quarterly revenue and issued weaker-than-expected forward guidance. Cisco CEO Chuck Robbins blamed supply constraints. The company did beat estimates for earnings per share for the three months ended on Oct. 30.

Unemployment insurance weekly claims in the week ending November 13, the advance figure for seasonally adjusted initial claims was 268,000 (260,000 forecast), a decrease of 1,000 from the previous week’s revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week’s level was revised up by 2,000 from 267,000 to 269,000. The 4-week moving average was 272,750, a decrease of 5,750 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week’s average was revised up by 500 from 278,000 to 278,500. The advance seasonally adjusted insured unemployment rate was 1.5 percent for the week ending November 6, a decrease of 0.1 percentage point from the previous week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending November 6 was 2,080,000, a decrease of 129,000 from the previous week’s revised level. This is the lowest level for insured unemployment since March 14, 2020 when it was 1,770,000. The previous week’s level was revised up 49,000 from 2,160,000 to 2,209,000. The 4-week moving average was 2,157,250, a decrease of 100,000 from the previous week’s revised average. This is the lowest level for this average since March 21, 2020 when it was 2,071,750. The previous week’s average was revised up by 12,250 from 2,245,000 to 2,257,250. The total number of continued weeks claimed for benefits in all programs for the week ending October 30 was 3,184,657, an increase of 618,804 from the previous week. There were 20,815,977 weekly claims filed for benefits in all programs in the comparable week in 2020.

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

The national average price of gasoline is up one-tenth of a cent at $3.414 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) reported earnings on 11/17/2021 after the close with $0.82, beating estimates of $0.718 per share.

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

Today’s Featured Dow Stock

Walgreens (WBA)

Walgreens (WBA) 47.81 (-1.56%) is up +19.88% in 2021.

Financial Calendar

07:30 AM ET FOMC Member Bostic Speaks

08:30 AM ET Continuing Jobless Claims

08:30 AM ET Initial Jobless Claims

08:30 AM ET Jobless Claims 4-Week Avg.

08:30 AM ET Philadelphia Fed Manufacturing Index (Nov)

08:30 AM ET Philly Fed Business Conditions (Nov)

08:30 AM ET Philly Fed CAPEX Index (Nov)

08:30 AM ET Philly Fed Employment (Nov)

08:30 AM ET Philly Fed New Orders (Nov)

08:30 AM ET Philly Fed Prices Paid (Nov)

09:30 AM ET FOMC Member Williams Speaks

10:00 AM ET US Leading Index (MoM) (Oct)

10:30 AM ET Natural Gas Storage

11:00 AM ET KC Fed Composite Index (Nov)

11:00 AM ET KC Fed Manufacturing Index (Nov)

11:30 AM ET 4-Week Bill Auction

11:30 AM ET 8-Week Bill Auction

13:00 AM ET 10-Year TIPS Auction

14:00 AM ET Chicago Fed President Evans Speaks